I'm always happy to talk anyone's ear off about Blockchain, it is by far the most interesting space I've ever worked in. Feel free to ask me your hardest questi

I'm always happy to talk anyone's ear off about Blockchain, it is by far the most interesting space I've ever worked in. Feel free to ask me your hardest questions. Decentralized Finance (DeFi) is my favorite aspect. It's honestly outstanding how far behind the curve of DeFi knowledge HN is and so few are willing to debate and learn. I work at a company called Balancer, we've built an app that allows you to essentially invest in index funds of tokens. You can put money into a pool of say 40% ETH, 30% Bitcoin, 20% LINK, 10% USD. Then instead of you paying fees for someone else to manage this fund, you get paid - often 5% - 20% per year, to have this fund. How? Traders use your funds as an arbitrage opportunity when the ratios go out of wack. There are a lot of day traders in crypto right now and every time they make a trade through your pool they pay a 0.3% - 1% fee. These tokens are mostly crypto coins right now but they can be anything, including tokens that track oil, gold, share prices, or even housing index funds. Other companies build these tokens and as they are standardized they can be used in Balancer pools. Balancer the app is completely decentralized and open access to all. Your money is yours, we have no access to user funds. This is barely the tip of the iceberg, eventually the entire financial system is going to be overtaken by open, permissionless systems and they will be much bigger than today because there are far fewer rent seekers, and entire world gets to participate.