04-06, 17:35–17:55 (Europe/Zurich), Surge Stage
MakerDAO has proven the concept that capital generated on-chain can be deployed into RWAs (real world assets) to generate yield, maintaining protocol profitability when DeFi usage drops. This was a watershed moment for DeFi, providing a blueprint for other protocols to follow; however, critical on-chain infrastructure still needs to be developed for this process to scale and DeFi with it. What is the missing element, and how could it enable a new wave of on-chain customers?
Key Takeaways: Understand the differences in how yield is generated on-chain & off-chain, & what we as a community need to develop to better connect these spaces.
Founder of Chronicle Labs, the developers of Chronicle Protocol, Nik began his crypto journey at IBM Research, where he worked on the Hyperledger blockchain and early supply chain finance applications.
In 2016, he joined the founding team of MakerDAO to create DAI, Ethereum’s leading decentralized stablecoin. This is where he co-developed the first ever Oracle on Ethereum. Nik is also responsible for creating DSProxy, an industry-standard account abstraction primitive; OasisDEX, the first decentralized exchange on Ethereum with an order matching engine; as well as Chronicle Oracle protocol, which secures over $10B of assets locked in MakerD