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WEF 2022: Terra were offering unsustainable yields; DeFi can support financial inclusion WEF 2022: Terra were offering unsustainable yields; DeFi can support financial inclusion
Business / Crypto

WEF 2022: Terra were offering unsustainable yields; DeFi can support financial inclusion

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Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr hosted a panel discussion centred around decentralized finance (DeFi) titled ‘Programmable Money is Here — and It’s Changing the World as We Know It’. Panelists included Chief Partnership Officer of SwissBorg, Alexander Fazel; Global Markets Lead of Kraken Europe, Lucian Aguilar; Co-founder and CEO of CasperLabs, Mrinal Monahar; and Managing Partner of Coral Capital, Patrick Horsman. In the opening remarks of the conversation, Aguilar reflected upon his attendance of the event two years ago, assessing the differences in receptiveness and attitude to crypto. He also noted how the prevailing narrative has evolved, stating: “Last time [there were] a lot of pr...