AMA Recap: Navigating the Dual Realms of CeFi and DeFi with Orderly Network and Leading Platforms
The DeFi world is abuzz with innovation, and nowhere was this more apparent than in the AMA session held on October 5, 2023, at 1 PM UTC on Orderly Network’s X (formerly Twitter) Spaces. Hosted by Brandon Katz, the session featured representatives from Orderly Network, WOOFi, BTSE, TangleSwap, Rage Trade, and Umami Finance. Here’s a recap of the session, with a special focus on the insights shared by BTSE’s Head of DeFi Strategy, Blake Perez.
BTSE and WOOFi: Decentralization in a Centralized World
Both BTSE and WOOFi have taken a novel approach by launching decentralized alternatives to their core centralized products. Discussing their motivation behind such a move, George from WOOFi drew parallels to the convenience-centric world, emphasizing the demand for a comprehensive ecosystem of products to cater to diverse user preferences.
Blake from BTSE elaborated on the company’s overarching mission to create an infrastructure for global settlements that is both asset-agnostic and user-friendly. Recognizing the growing demand for a decentralized exchange, BTSE launched its DEX to cater to users who prioritize self-custody.
When asked about the long-term direction of their projects, both BTSE and WOOFi acknowledged the persistent demand for both centralized and decentralized platforms. Blake stated, “Different users have different needs, and providing both a CeFi and DeFi experience is the only way to truly be a market leader.”
BTSE: Standout in DeFi
When participants were asked about the uniqueness of their platforms, BTSE’s approach was clear. Blake emphasized the team’s dedication to building a user-friendly and robust trading platform. He encouraged users to experience BTSE’s offerings firsthand rather than relying solely on word-of-mouth.
Addressing the most innovative trends in the DeFi sector, Blake highlighted infrastructure developments such as wallets and on-ramps. Though it might sound mundane to some, the ongoing developments in these areas excite him because of their potential to catalyze more groundbreaking innovations.
Final Thoughts
The AMA was a melting pot of ideas, solutions, and innovative strategies that DeFi platforms are bringing to the table. As BTSE’s Head of DeFi Strategy, Blake Perez provided valuable insights into the platform’s direction and the broader trends in the DeFi sector. The session painted a picture of a collaborative future where centralized and decentralized systems coexist, and infrastructure advancements drive further growth and adoption. The future of DeFi seems not only promising but also incredibly dynamic.