Exploring Cross-Chain DeFi Loans

Cointelegraph’s podcast, “Hashing It Out,” recently featured an interview with Aanchal Thakur, the chief operating officer of MultiChainZ, to discuss the popular use case of decentralized finance (DeFi) lending. Host Elisha Owusu Akyaw and Thakur delved into the unique characteristics of cross-chain lending platforms and the potential risks associated with them. The conversation also explored the role of institutions in DeFi lending, the emerging trend of non-fungible token (NFT) lending, and how projects are adopting decentralized autonomous governance.

Thakur’s journey in the cryptocurrency industry began with a painful lesson when she fell victim to a crypto doubling scam. This experience taught her the importance of thorough research and due diligence. Subsequently, she worked on multiple projects before joining MultiChainZ.

Thakur strongly believes in the need for cross-chain lending platforms. She highlighted the limited availability of funds for many individuals globally and emphasized that creating a platform that enables lending and borrowing across multiple networks opens up users to a wider range of liquidity sources. Additionally, Thakur argued that relying solely on a single network presents a high level of risk, and utilizing multiple networks can contribute to decentralization.

Discussing the implications of bringing more institutions into the Web3 ecosystem through lending, Owusu Akyaw asked Thakur about the concerns of institutional investors, particularly regarding risk and compliance. Thakur explained that major firms managing large amounts of money require a higher security threshold to minimize risk. Moreover, she emphasized the importance of respecting regulatory boundaries in the real world, despite the borderless nature often associated with Web3. Thakur believes that failure to work with regulators may discourage institutions from participating in the ecosystem.

To gain further insights into the discussion, listeners can tune in to the latest episode of “Hashing It Out” on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. Cointelegraph offers a comprehensive selection of informative podcasts on their Podcasts page.

It is important to note that this article does not provide investment advice or recommendations. Readers are encouraged to conduct their own research and analysis before making any investment or trading decisions.

In conclusion, the interview with Aanchal Thakur sheds light on the significance of cross-chain lending platforms in DeFi and the potential risks associated with them. The conversation also highlights the role of institutions in the Web3 ecosystem and the importance of risk management and regulatory compliance. By embracing decentralized autonomous governance and enabling lending across multiple networks, projects can enhance decentralization and provide greater liquidity options for users.

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