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The whole world's financial system will run on
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protocols like ARBA and decentralized finance.
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It can actually fund the future that we want to live in.
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Today on the show we're talking about DeFi.
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Sure, for decentralized finance.
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Can we talk about the difference between a centralized and a decentralized
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exchange?
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First time I heard about Ethereum,
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I was so excited that that was actually like spending nights to read about it.
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It creates a set of rules that allows to re-architect the world.
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My idea was to build a product which allows access to finance globally.
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It started as an experimentation in 2017,
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named "Etland" that allowed peer-to-peer lending by using Ethereum and smart
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contracts.
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But from an access point of view, it was still very far from any mainstream
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users.
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I've remembered the time when we had maybe like dozens of users.
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It's been a rough run here lately.
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For the wild times, literally the mirror image from exactly a year from now.
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Crypto obviously getting crushed.
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In 2018, it was a really dark time.
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A lot of ICOs failed, bad actors also in the space.
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And it showed that systems that have very little visibility on how decisions
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are made,
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how fragile they are.
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But protocols like ARBA, it's completely the opposite.
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At that point, we realized that we could move from a purely peer-to-peer type
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of a lending model
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into a more pooled model.
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That was also very pivotal moment for ARBA as well.
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Because we rebranded from "Etland" and we actually then launched the first
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version of ARBA.
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That time period was unique.
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The world went through a complete lockdown.
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And interest rates went to zero.
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At the same time, stablecoins being already used in the EFI,
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giving better financial opportunities compared to the traditional finance,
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that segment started to expand.
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Created this EFI Summer and the first big wave of EFI.
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Blending, banking, things like mortgages, stock exchanges,
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and putting them on a blockchain.
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Before COVID, ARBA wasn't really recognized.
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And after it was the most important project,
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we started to have thousands of users, hundreds of thousands,
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and over millions of accounts.
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As of today, ARBA has processed over three trillion dollars
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worth of deposits and over one trillion dollars worth of borrow volume.
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It's a leading EFI protocol.
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We're going to see EFI becoming the new backend for FinTech and finance.
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And ARBA V4 is actually taking ARBA into a new environment
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where we can start funding opportunities in real world.
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The biggest difference between V4 and ARBA V3 is that
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the architecture is completely modular,
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which means that it's easy to extend into new use cases that will emerge.
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In the future, for example, it can be lending against data.
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So not only ARBA can be a valuable infrastructure
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to fund existing financial opportunities in the traditional finance
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and create a lot of empowerment for every individual in the planet.
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But at the same time, it can actually fund the future that we want to live in.
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That is a sort of big realization why the EFI is needed and why the EFI will
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win.
Ethereum
ETH
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