#FinancialFox: DeFi innovation in the Polkadot ecosystem

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👉REMEMBER: All content in the video is for informational purposes only and it doesn’t constitute financial advice.

In this episode of the FinancialFox, Steffy talks to Dan Reecer VP Growth of Acala and Karura Network, all-in-one DeFi hubs of Polkadot and Kusama. They discuss the Polkadot ecosystem, Kusama chain, Defi, cross-chain communication and interoperability, chain customisation and upgrading, security governance, Polkadot wallet, what is Acala and Karura Network and how they work together to innovate the space.

0:00 Intro
1:40 The DeFi market
3:30 Potential of DeFi in developing countries
4:45 Polkadot ecosystem
7:10 What are the problems Polkadot addresses?
11:50 Security in Polkadot
13:55 What is Kusama?
18:00 Karura: Innovation arm
19:55 Risks associated with innovation
21:00 Proof of Work or Proof of Stake?
22:00 Acala & Karura: Applications
28:50 Work with Compound
30:00 Stablecoin project
31:50 What’s next for Karura and Acala?
36:00 Crowd loan: Community involvement for auction
38:50 When the auction is going to happen?
41:30 Can Ethereum-based projects take part in the auction?
43:40 How does integration happen in Acala?
46:35 Polkadot Wallet
49:10 Scalability on Polkadot & gas fees
53:15 Steffy’s final thoughts

Follow Steffy: https://twitter.com/stefixy​​​​​​​​​​​
Follow Dan: https://twitter.com/danreecer_

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