About the episode
Crypto analyst/researcher/trader Qiao Wang joins the show to chat DeFi fundamentals.

Topics unstacked
- DeFi as zero-sum game
- Value accrual of DeFi tokens
- Information asymmetry between DeFi Asia vs the West
- Decentralizing the DeFi stack

Timestamp
02:31 Introduction
06:00 Current space of DeFi
09:18 Siloed CeFi vs Composable DeFi
18:58 DeFi as a zero-sum game
23:49 “Meme” premium
29:20 DeFi in Asia & the West - Information asymmetry
34:04 Decentralizing the DeFi Stack
35:48 Contrarian view

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