Blockchain technology is already proving its potential for building a freer and fairer financial system through Advanced DeFi. However, as this technology matures there is an even greater opportunity to invest in building elegant, usable, powerful protocols that solve real world everyday problems like payments, remittances, savings and loans. This has the potential to create Web 3's First Billion Users: we are entering the Era of Everyday DeFi.
---
This is the talk I gave at Consensus 2022 in Austin, Texas where we launched our Everyday DeFi vision to the world.
Holographic Whisper - CHI2017 oral presentation by Yoichi OchiaiYoichi Ochiai
Project page: http://digitalnature.slis.tsukuba.ac.jp/2016/08/holographic_whisper
Pixie Dust Technologies, Inc.: http://pixiedusttech.com/
Holographic Whisper: Rendering Audible Sound Spots in Three-dimensional Space by Focusing Ultrasonic Waves
CHI 2017 Paper
Abstract:
We propose a novel method of three-dimensional spatial audio rendering by expanding the ultrasonic phased array technique. We employ an ultrasonic phased array as a holographic acoustic generator to focus ultrasound at arbitrary three-dimensional positions. The sound pressure at the ultrasonic focal points is sufficiently high to radiate audible sound based on the self-demodulation effect in air. Consequently, the ultrasonic focal points act as audible sound sources. This sound-point method enables us to control aerial audio distributions more flexibly and more precisely in comparison with conventional superdirectional (sound-beam) loudspeakers. This method can generate and vanish the sound sources freely in air. These point sound sources can deliver private messages or music to individuals.
Yoichi Ochiai * ***, Takayuki Hoshi** ***, Ippei Suzuki*
*University of Tsukuba, **The University of Tokyo, ***Pixie Dust Technologies, Inc.
Holographic Whisper - CHI2017 oral presentation by Yoichi OchiaiYoichi Ochiai
Project page: http://digitalnature.slis.tsukuba.ac.jp/2016/08/holographic_whisper
Pixie Dust Technologies, Inc.: http://pixiedusttech.com/
Holographic Whisper: Rendering Audible Sound Spots in Three-dimensional Space by Focusing Ultrasonic Waves
CHI 2017 Paper
Abstract:
We propose a novel method of three-dimensional spatial audio rendering by expanding the ultrasonic phased array technique. We employ an ultrasonic phased array as a holographic acoustic generator to focus ultrasound at arbitrary three-dimensional positions. The sound pressure at the ultrasonic focal points is sufficiently high to radiate audible sound based on the self-demodulation effect in air. Consequently, the ultrasonic focal points act as audible sound sources. This sound-point method enables us to control aerial audio distributions more flexibly and more precisely in comparison with conventional superdirectional (sound-beam) loudspeakers. This method can generate and vanish the sound sources freely in air. These point sound sources can deliver private messages or music to individuals.
Yoichi Ochiai * ***, Takayuki Hoshi** ***, Ippei Suzuki*
*University of Tsukuba, **The University of Tokyo, ***Pixie Dust Technologies, Inc.
YouTube Video
https://youtu.be/awTX6tau1cw
Speaker
Sam Trautwein | Co-Founder & CEO | Carbon
Abstract
In developing markets, many people do not have access to a stable currency or even a bank account, but they may have mobile devices with internet connection. Carbon aims to facilitate a more inclusive and efficient global economy by launching reliable, price-stable cryptocurrencies that leverage Hedera Hashgraph’s high throughput and security.
CarbonUSD is a compliant, price-stable cryptocurrency that is one-to-one backed with USD. Starting off with full fiat-collateralization is essential for bootstrapping the market's trust in a stablecoin without depending on the size of an initial reserve. The team has developed a novel mechanism for transitioning to a hybrid fiat-algorithmic stablecoin model once CarbonUSD reaches sufficient scale as a fully fiat-backed token.
By deploying the algorithmic stablecoin on Hedera Hashgraph with Ethereum interoperability, CarbonUSD users will be able to tap into an advanced payments networks where transactions are borderless, have minimal fees, and are settled within seconds. Additionally, CarbonUSD serves as a gateway into the distributed ledger economy where users can trade and hedge against tokenized assets or interact with smart contract applications.
Most societies need stable, sound money to function effectively. CarbonUSD is an accessible alternative for developing economies, where adoption may catalyze the convergence towards a more inclusive and efficient global economy.
This paper aims to provide a foundation for anyone looking to understand the potential of digital assets such as crypto currencies as a future asset class.
YouTube Video
https://youtu.be/awTX6tau1cw
Speaker
Sam Trautwein | Co-Founder & CEO | Carbon
Abstract
In developing markets, many people do not have access to a stable currency or even a bank account, but they may have mobile devices with internet connection. Carbon aims to facilitate a more inclusive and efficient global economy by launching reliable, price-stable cryptocurrencies that leverage Hedera Hashgraph’s high throughput and security.
CarbonUSD is a compliant, price-stable cryptocurrency that is one-to-one backed with USD. Starting off with full fiat-collateralization is essential for bootstrapping the market's trust in a stablecoin without depending on the size of an initial reserve. The team has developed a novel mechanism for transitioning to a hybrid fiat-algorithmic stablecoin model once CarbonUSD reaches sufficient scale as a fully fiat-backed token.
By deploying the algorithmic stablecoin on Hedera Hashgraph with Ethereum interoperability, CarbonUSD users will be able to tap into an advanced payments networks where transactions are borderless, have minimal fees, and are settled within seconds. Additionally, CarbonUSD serves as a gateway into the distributed ledger economy where users can trade and hedge against tokenized assets or interact with smart contract applications.
Most societies need stable, sound money to function effectively. CarbonUSD is an accessible alternative for developing economies, where adoption may catalyze the convergence towards a more inclusive and efficient global economy.
This paper aims to provide a foundation for anyone looking to understand the potential of digital assets such as crypto currencies as a future asset class.
The Risk & Rewards of Crypto Wallet Development.pptxITIO Innovex
Understanding the dynamics of crypto wallet cum banking development is essential to thrive in today's competitive landscape. With digital currency reshaping the financial realm, crypto wallets play a pivotal role in providing secure storage and facilitating seamless transactions. Visit us at: https://itio.in/services/crypto-wallet-cum-banking-development
We want to create a global, stable and non-volatile digital currency in coexistence with other currencies.
It will EMPower the people to truly own their money and maintain their purchasing power through the use of open decentralized peer to peer digital currency platform (Blockchain).
Development will be non-profit, donation funded (no ICO), open-sourced to minimize conflict of interests and ensured that it is genuinely owned by the people.
Finxflo is the world's first global DeFi protocol and cryptocurrency exchange aggregator.
Traders receive the best rates and access to DeFi services with the added protection and asset security of a fully licensed financial institution.
FXF grants traders access to over 25 of the best cryptocurrency exchanges worldwide guaranteeing the best buy or sell prices every time.
Dogecoin é uma criptomoeda criada em 2013 pelos engenheiros de software Billy Markus e Jackson Palmer. Começou como uma resposta alegre à ascensão do Bitcoin e foi inspirado no popular meme "Doge" com um cachorro Shiba Inu.
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
Cryptocurrency_ A New Investment OpportunityQutomatic
Cryptocurrency_ A New Investment Opportunity.
The invention of Bitcoin1
by Satoshi
Nakamoto (Nakamoto [2008])
in 2008 spurred the creation
of many new cryptocurrencies
known as altcoins. These altcoins use similar
cryptographhy technology but employ different algorithmic designs. Many of these
altcoins were invented for different purposes
or to address the pain points of the Bitcoin
network, such as the high usage of energy
caused by its proof of work (PoW) consensus
algorithm or the supply limit of 21 million
coins, among others.
Venture Capital and Crypto: The Equity Side | Raffaele Mauro | Blockchain ConfCodemotion
This presentation analyzes venture funding and the startup ecosystem around Bitcoin, cryptocurrencies and crypto tech / blockchan. The focus is not about speculative currrency / token token trading but on teams, companies and the equity side of investing. Beyond hype, looking at fundamentals.
📚 Discover the World of Cryptocurrency: Join our comprehensive crypto course to unravel the secrets of digital currencies and blockchain technology! 🚀
Are you intrigued by the revolutionary world of cryptocurrencies and eager to unlock its potential for financial freedom? Our crypto course is designed to provide you with a solid foundation in this rapidly evolving space.
🔍 What to Expect:
Through engaging lectures and hands-on exercises, you'll gain a deep understanding of popular cryptocurrencies like Bitcoin, Ethereum, and other altcoins. Our expert instructors will walk you through the mechanics of blockchain, smart contracts, and decentralized finance (DeFi) applications, empowering you to navigate this new financial landscape confidently.
💡 Key Topics Covered:
- Introduction to Blockchain Technology: Learn how blockchain works, its underlying principles, and its implications across various industries.
- Cryptocurrency Fundamentals: Explore the mechanics of different cryptocurrencies, their uses, and how they differ from traditional fiat currencies.
- Secure Wallet Management: Discover best practices for safeguarding your digital assets and avoiding potential pitfalls.
- Trading and Investment Strategies: Acquire essential skills for analyzing market trends, executing trades, and managing risks.
- Navigating the DeFi Ecosystem: Dive into the world of decentralized finance, exploring lending, yield farming, and liquidity provision.
- Future Trends and Innovations: Get insights into the latest developments and emerging trends shaping the crypto landscape.
🎓 Who Should Attend:
Our course is suitable for both beginners and enthusiasts looking to expand their knowledge in cryptocurrencies and blockchain. Whether you're an investor, entrepreneur, or simply curious about the future of finance, this course is designed to cater to your needs.
🏆 Certification:
Upon successful completion, you'll receive a recognized certification, validating your newfound expertise in the crypto space.
Join us on this exciting journey to embrace the decentralized future and make informed decisions in the ever-evolving world of cryptocurrencies! Enroll now and stay ahead in the digital currency revolution! 💫
Similar to Everyday DeFi - Onboarding the First Billion Users into Crypto (RSK, RIF, IOV Labs) (20)
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
2. Daniel Fogg
Chief Operating Officer
I work across product, technology, marketing, and
growth teams to deliver our organisational vision.
Follow me on Twitter!
@danielfogg
3. 1. Our work at IOV Labs
a. Growing the RSK Ecosystem
b. Building with RIF on RSK
2. A Massive Global Challenge
3. The Problem with Advanced DeFi
4. The 3rd Phase of Crypto Adoption
5. The Era of Everyday DeFi
5. Internet of Value Labs.
…the creator of the Rootstock blockchain (RSK)
…the developers of the Rootstock Infrastructure
Framework (RIF)
IOV Labs is...
Our Work @ IOV Labs
6. Role 1: Grow the RSK Ecosystem
Role 2: Build a thriving RIF Economy
The work from day 1 of
Smart Labs.
Our primary focus today.
And this all has to be
consistent with our purpose!
IOV Labs has two roles
Our Work @ IOV Labs
7. Our vision is...
A safe and equitable global financial system
that enables everyone to participate and prosper.
Safety, security, stability, fair,
impartial, without judgement. Positively impacting the global financial system.
Not local, or regional. Global.
The 99%.
The underbanked.
Emerging markets.
The global population.
Inclusive, accessible,
community-oriented,
collectively owned, managed, and operated.
Our Work @ IOV Labs
9. A decentralised layer-1 blockchain.
Uses novel Bitcoin merged-mining approach to store
crytographic hashes on the Bitcoin blockchain.
An Ethereum Virtual Machine - highly compatible and
interoperable with other network.
Second-most secure blockchain (after Bitcoin) +
cryptographically the most secure smart contract
platform in the world (57% Bitcoin hashrate @ 9AM today).
What is RSK?
Growing the RSK Ecosystem
10. SECURE: Merged-mining approach cryptographically superior.
NATIVE: Bitcoin is native to RSK via 1:1 peg.
AFFORDABLE: 40x-50x cheaper gas fees than Ethereum.
FASTER: 10x faster transaction speeds than Ethereum.
SCALABLE: built to scale - zkSync layer-2 live on Testnet.
COMPATIBLE: EVM-compatible - easy to start building.
Why RSK?
Growing the RSK Ecosystem
11. 1,619days mainnet live since 2 January 2018
100percent network uptime since launch
77,000monthly transactions (Apr-2022)
3,092 X-Chain Total Value Locked (BTC) on RSK (Apr-2022)
9,959Native Total Value Locked (BTC) on RSK (Apr-2022)
RSK today
Growing the RSK Ecosystem
14. What is RIF?
A service-layer of open, decentralised protocols
that run on RSK.
RIF helps developers build scalable DeFi dApps faster
and easier.
RIF protocols are accessed and paid for using the RIF
ERC-20 Token.
You can build anything with RIF, but it was designed
for building DeFi on Bitcoin
Build with RIF on RSK
15. RIF today. RIF tomorrow.
RIF PAY: Making payments faster, cheaper, and easier.
RIF WALLET: Bringing DeFi and the RIF Economy to everyday users.
RIF IDENTITY: Building and managing on-chain identity.
RIF MARKETPLACE: Matching supply and demand in a sharing economy.
RIF GOVERN: Enabling community ownership and decision making.
RIF I.O: Feeding protocols with data and information.
RIF TOOLS: Providing developers with everything else they need.
And there is more to
come in 2022.
Build with RIF on RSK
17. A global (economic) polycrisis
long in the making.
When multiple crisis occur simultaneously
and combine to create a new, unique
additional crisis
A Massive Global Challenge
18. 2008 // QE // inflation // falling productivity // de-
globalisation // new cold wars // cost-of-living crisis //
inaction on climate emergency // rising government debt //
A Massive Global Challenge
19. This economic polycrisis is placing
unprecedented strain on everyone.
But the poor and marginalized in
emerging markets are feeling it the
most.
And most of them are underbanked.
A Massive Global Challenge
20. A social and economic
coordination challenge.
The underbanked experience the pain of these challenges everyday.
● People can’t access a safe, stable store of value.
● Transactions are expensive, complex, or impossible.
● Institutions don’t understand them or don’t want their business.
● Financial products are not designed for them.
● They don’t trust their government.
● They can’t trust their banks.
A Massive Global Challenge
21. A Massive Global Challenge
And the problem is spreading.
More people falling from the middle-class and becoming underbanked every day.
Why?
● Price inflation affecting everyone.
● Sustained, possibly entrenched cost-of-living crisis.
● Declining purchasing power in emerging markets.
● Interest rates are being raised everywhere.
23. We need to talk about...
THE PROBLEM WITH
ADVANCED DEFI
24. DeFi today is used by - and designed for:
● financially literate
● technologically advanced
● affluent Western retail users
● looking for outsized returns
● during a unique period in the global
economy.
Advanced DeFi is not for everyone.
Advanced DeFi is too
advanced for Everyone
The Problem with Advanced DeFi
25. Advanced DeFi: a complex game of competition
Source: 10 things I’ve learned designing for decentralised finance (DeFi)
What it takes to execute a DeFi
yield farming strategy on Fantom.
The Problem with Advanced DeFi
26. Usability: main barrier to widespread adoption
User-Driven Corporations
Integrated User-Centered Design
Systematic Usability Process
Managed Usability
Dedicated Usability Budget
Skunkworks Usability
Developer-Centered Usability
Hostility Towards Usability
Nielsen Usability Maturity Model
This is the…
Nielsen Usability Maturity Model
The usability of the majority of
Advanced DeFi probably sits
around here.
Source: UX Maturity Models – A Collection
The Problem with Advanced DeFi
27. “Crypto has to become invisible… I keep
saying that and I sound like a broken
record, but it has to disappear in the
background for a user who doesn't care —
honestly, my mom doesn’t care if it’s
[centralized finance] or DeFi.”
(Harold Bossé, VP for New Product Development & Innovation @ Mastercard). Source: Decrypt - “Crypto 'Has to
Become Invisible' to Reach Mainstream”
The Problem with Advanced DeFi
28. This is not how we onboard the
First Billion Users into crypto.
Advanced DeFi is not the whole
solution.
Our vision for the underbanked
demands more.
The Problem with Advanced DeFi
29. “At the grassroots level, emerging markets
are driving cryptocurrency adoption, with
users in these areas turning to the asset
class out of necessity, either to preserve
their savings in the face of currency
devaluation or to carry out remittances
they wouldn’t otherwise be able to.”
Source: Chainalysis - 2021 Geography of Cryptocurrency Report
The Problem with Advanced DeFi
30. Source: The 2021 Geography of Cryptocurrency Report, October 2021, Chainalysis
Crypto adoption is
concentrated in
emerging markets.
Source: Chainalysis Global Crypto Adoption Index 2021
Vietnam… soaring inflation, weakened currency
India… the home of demonetisation
Pakistan… price inflation, currency depreciation
Ukraine… at war with Russia since 2014
Venezuela… decades of mismanagement
Argentina… 52% inflation in 2021
And world’s six largest remittance recipients.
31. Source: Americas Market Intelligence - The Cryptocurrency Revolution in Latin American payments (April 2022)
Crypto adoption in Latin America
is driven by everyday use.
Unlike in the USA, cryptocurrency users in
Latin America are not just buying crypto as an
investment.
They are using crypto as:
● a store of value
● an inflation hedge
● a means of non-bank digital payment
● a way to make remittance transfers.
The Problem with Advanced DeFi
33. Geoffrey Moore identified five phases in
the life cycle of technology adoption
defined by five behavioural types that
adopt technology.
These phases are split in two by the
infamous “Chasm”.
All new technologies must cross the chasm
to gain mass market adoption and broad
use.
Understanding Adoption Cycles 3rd Phase of Crypto Adoption
34. We can map crypto adoption onto Moore’s
Curve.
Phase 1 (2009-2017) represented the early
cypherpunks, Bitcoin HODLers, and
technology maximalists.
Users were fanatical about the benefits of
crypto and tolerant of the enormous
usability challenges.
Crypto Adoption: Phase 1 - OGs 3rd Phase of Crypto Adoption
35. Phase 2 (2017-2021) represented the
Advanced DeFi pandemic boom, which
saw the emergence and then explosive
growth in the DeFi market.
The beginning of mass adoption of
cryptocurrencies as speculative assets in
developed markets (North America & Europe).
Crypto Adoption: Phase 2 - Advanced DeFi 3rd Phase of Crypto Adoption
36. We believe we are now entering the Third
Phase of Crypto Adoption.
This phase is dominated by emerging
market users engaged in pragmatic use
cases recognised the world over, except for
one significant difference: use of
cryptocurrencies.
Crypto Adoption: Phase 3 - Everyday DeFi 3rd Phase of Crypto Adoption
37. Phase 1: OGs
Cypherpunks, HODLers,
Maximalists.
-
Technologists and
fundamentalists globally
distributed in high-tech
economic clusters.
Phase 2: Advanced DeFi
DeGen traders, pool stakers,
SlowFi HODLers, project
token speculators.
-
DeFi in developed markets,
advanced tech-native retail
users and adventurous
institutions.
Phase 3: Everyday DeFi
Stablecoin remitters, on-chain
savers, DeFi borrowers, P2P
payers.
-
Post-Pandemic P2P
cryptocurrency users in
developing markets escaping
retail finance monopolies and
government incompetence.
Phase 4: Invisible DeFi
They don’t even know it’s
DeFi.
-
P2P in developed markets
used by retail finance users.
Phase 5: Your Grandparents
…
Everyday DeFi is the Third Phase of Crypto Adoption
39. EVERYDAY.DeFi
A new phase of cryptocurrency adoption is beginning.
It will driven by people trapped by weak local currencies, with declining purchasing power, and a desire to
protect their financial interests during a period of extraordinary global economic turmoil.
It will be defined by normal people using blockchain technology to do simple, everyday financial tasks.
It will take place in the tower blocks of Mumbai, the markets of Jakarta, and the villas of Buenos Aires.
This phase will not be built by traditional banks, but by the long-tail blockchain neo-banks of the future.
This is the biggest market opportunity cryptocurrencies have ever seen.
This new phase is everything the crypto enthusiasts have promised, everything blockchains were designed for.
All of this can be built with RIF on RSK.
40. Source: Gartner Hype Cycle for Blockchain, July 2021
Innovation Trigger
A potential technology
breakthrough kicks things off.
Early proof-of-concept stories and
media interest trigger significant
publicity.
Peak of Inflated Expectations
Early publicity produces a number
of success stories — often
accompanied by scores of
failures.
Trough of Disillusionment
Interest wanes as experiments
and implementations fail to
deliver. Producers of the
technology shake out or fail.
Slope of Enlightenment
More instances of how the
technology can benefit the
enterprise start to crystallize and
become more widely understood.
Plateau of Productivity
Mainstream adoption starts to
take off. Criteria for assessing
provider viability are more clearly
defined.
Plateau will be reached…
> 2 years
2-5 years
5-10 years
>10 years
There are a critical mass of
blockchain technology trends
coalescing at the right phase
in the Hype Cycle to start
building Everyday DeFi
services.
Gartner Blockchain Hype Cycle (July-2021)
Everyday DeFi is enabled by coalescing technology trends
41. 4.3mn. Advanced DeFi user wallets
All major DeFi protocols (over-estimations). Source: On-chain data via Dune Analytics.
City of Suzhou (China), Panama, Mauritania.
1.8bn. unbanked & underbanked
Source: World Bank global estimate.
$540bn. remittance flows
2022 global flows. Source: World Bank (May 2021).
Everyday DeFi is a massive global market opportunity
42. ● Trust in banks and governments is low.
● People are exploited by predatory intermediaries.
● Regulation does not enable innovative neo-banks.
● Incumbent banks defend their oligopoly through state capture.
Everyday DeFi will emerge where...
Vietnam. India. Pakistan. Ukraine. Kenya.
Nigeria. Venezuela. Argentina. Colombia.
Thailand. China. Brazil. Philippines.
South Africa. Ghana. Tanzania.
The Era of Everyday DeFi
43. Everyday DeFi is a mass market opportunity.
Everyday DeFi is characterised by underbanked or
financially excluded users, using decentralised
technology, to fulfill an everyday need:
● paying bills
● saving with return
● borrowing at reasonable rates
● sending money to family
Defining Everyday DeFi
The Era of Everyday DeFi
44. simple UX, intuitive UI,
indistinguishable from Web 2.0
EASY TO USE
ACCESSIBLE
FAST ENOUGH
CHEAP ENOUGH so cost of using the service is not a
barrier (low fees, stable assets)
by everyone, everywhere (mobile-
first, simple on/off ramps)
to make on-the-spot payments.
What makes a service Everyday DeFi
The Era of Everyday DeFi
45. SAVE in USD with safe, low-risk, stable-stablecoins.
BORROW with uncollateralised community-supported loans.
SEND remittances anywhere with local currency cash on/off ramps.
PAYutility bills and receive salary with crypto.
Services Everyday DeFi users need
The Era of Everyday DeFi
46. Share information to help users make the
right decisions.
EDUCATE
SAFEGUARD
SIMPLIFY
ADAPT
Terminology, language, interactions to
make it indistinguishable from web 2.0
Protect users from high-risk investments,
predatory actors, and big mistakes.
The product experience - from on-ramps
and KYC to addresses and keys
Principles for Everyday DeFi Builders
The Era of Everyday DeFi
48. BUILDING
PARTNERING
PROMOTING
INVESTING
Open-source protocols on RIF that help developers create secure,
trusted, lasting Everyday DeFi services.
With innovative teams serving Everyday DeFi users in emerging
markets, and integrating the RIF Economy with the real-world economy.
Use cases that show the real-world value our Everyday DeFi partners
are creating for the underbanked.
Capital in Everyday DeFi projects and bringing important capabilities to
RSK to expand the reach of the RSK Ecosystem and RIF Economy.
Everyday DeFi @ IOV Labs
Our Work @ IOV Labs
49. In summary, we want to make...
EVERYDAY DEFI,
AN EVERYDAY REALITY
50. ● We believe Everyday DeFi is how to on-board the First Billion Users into crypto.
● This mass market opportunity for crypto exist today, but we must build for it.
● We think Everyday DeFi builders should:
○ Simplify all aspects of the product experience
○ Educate users on the risks and opportunities
○ Safeguard users from predatory actors and big mistakes
● We know all of this can be built with RIF on RSK.
We are making Everyday DeFi an everyday reality.