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From YouTube: Status Ambassador - Onwrd Interview: Decentralizing Financial Services with Maple.Finance on dap.ps.
Description
Status Ambassador Onwrd Podcast talking to Maple.Finance available for use on dap.ps (https://dap.ps/) through the Status mobile app.
Get Status: https://status.im/get/
A
C
Decentralized
finance
also
referred
to
as
open
finance
is
it's
a
system
of
financial
products
where
people,
anyone
with
an
internet
connection,
basically
has
access
to
sophisticated
financial
products
that
such
as
savings
accounts,
loans
or
investment
products.
I
think
I
think
that
it's
really
important
for
the
future,
because
it's
really
centered
around
the
idea
of
putting
people
in
control
of
their
finance
and
giving
them
access
to
a
broader
range
of
products
for
which
they
can
get
better
outcomes.
Fiat
savings
accounts
with
higher
returns
or
investment
products
that
were
previously
unavailable
to
them.
C
I
think
the
most
important
thing
for
me
about
DFA
is
that
it's
accessible
to
anyone
at
a
low
cost
and
because
it's
so
easy
to
build
out
new
products.
The
pace
of
innovation
is
much
higher
than
we've
seen
in
a
traditional
financial
system.
People
are
inventing
and
developing
new
products
all
the
time,
and
you.
C
So
as
far
as
most
motion
with
people
in
BFI
tend
to
be
to
come
from
a
technical
background
or
a
finance
background,
so
I
came
from
the
ladder,
but
I
always
had
an
interest
in
financial
products
and
investing
so
in.
In
my
in
my
career
I
used
to
work
in
banking
and
whilst
I
was
there.
I
was
helping
lending
companies
to
raise
money
so
that
they
could.
They
could
have
the
funds
that
they
needed
to
give
loans
out
to
their
customers.
C
So
we're
working
on
our
projects
called
maple,
and
this
is
really
composed
of
two
things,
so
it's
smart
bonds
and
maple
loans,
but
overall,
as
with
the
framework
to
view
it
in,
is
that
we
want
to
be
a
platform
for
people
to
access,
decentralized,
S,
and
so
the
first
product
I
mentioned.
Smartphones
is
a
platform
which
would
let
companies
or
individuals
raise
money
by
selling
bonds
to
investors.
Now
the
key
thing
about
those
bonds
and
where
they're
really
interesting
is
that
they're
entirely
controlled
by
code
and
they're
secured
by
revenue
generating
digital
assets.
C
So
you
can
access
these
bonds
completely
outside
of
the
financial
system,
but
they
offer
companies
a
way
to
raise
debt.
That
is
raising
that
previously
we
have
taken
three
months
and
cost
millions
of
dollars
in
fees.
Now
they
can
do
it
at
a
fraction
of
the
cost
in
about
five
minutes,
just
buy
it
just
read:
access
to
an
internet
connection
and
with
digital
assets.
The
other
project
we're
working
on
the
moment
which
is
really
also
tied
to
this,
is
maple
loans.
C
Now
this
is
community
community
lending
for
unsecured,
crypto
lines
and
I
think
this
is
really
powerful
and
we're
really
focused
on
this
right
now,
because
we
can
see
there's
a
product
that
people
really
need
so
currently
defy
lending
is
over
collateralized
and
that
prevents
a
lot
of
people
from
actually
accessing
really
useful
financial
product,
because
not
everyone
is
sitting
on
mounds
of
Earth
or
other
cryptocurrency
that
they
can
use
as
collateral,
and
people
have
expenses
that
they
need
to
cover
just
from
cash
flow.
So
we're
really
interested
in
in
progressing.
C
Okay,
so
this
is
kind
of
a
funny
one.
So
because,
with
smart
bonds,
we
were
looking
at
different
layers
of
bond,
so
you
would
have
like
a
senior
one
and
then
you
would
have
a
middle
or
a
higher
risk
one
and
then
you'd
have
the
person
issuing
the
bonds
equity
at
the
bottom.
So
I
always
kind
of
viewed
that
as
a
stack
and
then
I
naturally
started
to
associate
it
with
a
like
a
stack
of
pancakes
pairs.
C
C
C
So
I
think
it's
going
to
be
borrowers
who
don't
have
collateral,
so
we
have
a
preference
that
people
would
be
using
maple
loans
to
fund
or
to
borrows
for
essential
expenses,
so
that
could
be
a
developer
who
needs
to
purchase
a
laptop.
This
could
be
somebody
who's
or
a
company
that
needs
to
pay
wages
to
developers
to
build
something
it
could
be
somebody
who's
been
impacted
by.
You
know
recent
macroeconomic
events
who
needs
on
their
living
expenses
on
a
short-term
basis.
C
At
the
moment,
at
the
moment
you
can
take
a
like
a
down
payment
or
deposit
which
is
to
incentivize
the
borrower
to
repay,
and
if
they,
if
they
would
have
missed
three
payments,
then
the
the
lender
can
claim
that
deposit,
but
otherwise
they're
taking
they're
taking
credit
risk.
So
that's
kind
of
one
of
it.
C
A
C
The
way
that
we're
working
around
that
is,
that
we're
working
on
introducing
a
what
you
would
call
a
crypto
credit
score
so
that
the
lender
does
not
feel
like
they're
lending
to
a
black
box.
Actually,
it
would
have
some
indication
or
some
idea
of
the
risk
of
the
person
that
they're
lending
to
and
then
that
can
allow
them
to
determine
whether
the
interest
rate
is
appropriate
or
not,
and
we
think
that
will
drive
more
lenders
being
willing
to
use
the
black
one.
It's.
A
C
A
Strikes
me
that
you're
creating
this
really
important
foundational
layer
for
a
lot
of
the
other
defined
products
and
services
that
could
sit
on
top
and
really
explode
it.
But
what
I
keep
bumping
into
is
like
what
what
what
else
is
supporting
the
defy
movement
reached
mass
mass
adoption,
so
that
folks,
when
they
hear
you
talk
about
you
know,
being
your
own
bank,
they
get
excited
not
intimidated
by
the
technical
jargon.
Yes,.
C
B
C
A
growing
awareness
that
user
experience
is
really
intrinsic
to
the
growth
of
your
project.
If
you
put
like,
if
you
put
something
out
there,
people
need
to
be
able
to
use
it,
but
I
would
say
there
are
a
couple
of
other
trends
that
are
really
supporting
growing
dpi
adoption
as
well.
So
one
that
really
springs
to
mind
is
smartphone
adoption
and
smart
phones
that
kind
of
natively
compatible
with
crypto,
so
they
might
have
an
embedded
crypto
wallet.
C
The
other
one
is
just
that.
The
longer
that
Bitcoin
and
etherium
are
out
there
and
they
haven't
been
hacked
in
a
major
way.
Awareness
of
them
just
spreads
through
osmosis
and
people
start
to
take
them
as
more
for
granted
than
as
a
novelty,
and
therefore
more
people
will
consider
engaging
them
with
them
as
users
or
building
on
them
as
developers.
C
Iii
kind
of
alluded
to
it
at
the
start
there,
but
one
of
the
really
like
one
of
the
real
main
things
is
user
experience
at
the
moment.
Sorry,
like
the
the
projects
that
are
out
there
or
the
teams
that
are
out
there
working
on
projects
have
kind
of
first
and
foremost
worked
on
the
protocol,
rather
than
the
you
experience
and
I
think
that
makes
it
harder
for
people
to
engage
with
it.
C
Because
they're
saying,
is
this
really
useful
thing,
but
I
just
can't
Intuit
how
to
actually
use
it,
so
I
think
games
games
are
being
made
there
like
if
I
look
at
some.
Some
great
projects
that
recently
raised
capital
like
argent
wallets
interface
is
fantastic.
I
use
that
a
bit
same
with
set
protocol,
they
all
have
a
nice
look
and
feel
and
a
relatively
accessible
and
then
the
other
thing
is
on
ramps
so
to
actually
get
to
use
any
of
the
projects
out
there
and
products
you
have
to
have.
C
You
have
to
actually
hold
scissors,
which
means
you
have
to
set
up
an
account
with
an
exchange,
get
Kay
white
seed,
then
transfer
from
your
bank
into
that
exchange
then
purchase
the
crypto
and
then
load
it
into
your
meta
mask
wallet
to
actually
engage
with
the
apps.
So
it's
like
that's,
been
a
massive
point
of
friction
that
I
think
has
stopped
a
lot
of
people
from
using
it.
B
C
More
more
projects
are
just
doing
direct
applications
which
you
can
download
on
Google
Play
or
the
iOS
App
Store,
which
in
themselves
wallets
and
I,
think
that
that
that's
one
way
in
which
friction
has
been
reduced
and
and
the
other
way
will
be
being
able
to
get
into
the
code.
So
projects
like
wire
are
going
really
good
things
here,
where
you
can
just
pay
direct
from
like
Google,
Play
or
Apple
pay
and
get
I
found.
A
A
You
you
spend
this
interesting
place
within
the
space,
because
you've
got
one
foot
in
the
nerdy
five
blockchain
the
cutting
edge,
but
you
also
stood
firmly
in
the
institutional
banking
space
as
well.
So
I'm
I'm
curious.
Do
do
your
colleagues
and
peers
in
the
institutional
banking
world?
Are
they
excited
about
blockchain
and
define?
Do
they
think
you're
at
the
vanguard
of
movements
or
do
they
think
you're
alone
a.
C
Little
bit,
probably
a
little
bit
of
both
I
think
when
they
first
start
to
hear
about
it.
People
are
people
who
come
from
an
institutional
banking
background.
It
probably
initially
dismissive
because
I
view
it
as
a
bunch
of
libertarian
quacks
but
I.
Think
once
you
actually,
when
you
actually
show
them
what
they
can
do
so
show
them
a
product.
C
That's
really
cool
like
say,
defy,
is
app
which
lets
you
put
money
into
effectively
Robo
advisors
or
you
show
them
that,
like
maple
loans,
which
would
let
them
go
and
create
peer-to-peer
loans.
So
what
we
built
on
maple
lines
in
terms
of
creating
lending
communities
that
anyone
can
go
and
spool
up
and
then
add
borrowers
or
lenders,
that's
something
that
if
you
would
have
done
it
in
the
traditional
financial
system,
with
costs,
millions
of
dollars
put.
C
Because
of
the
separate
layers
of
infrastructure
that
you
would
have
had
to
have
worked
off,
whereas
on
etherium
money's
on
the
same
layer
as
the
code
that
runs
your
you
know,
run
zero
application.
So
when
you
actually
show
them
the
what
they
can
do
and
and
and
take
them
on
a
test
run
of
a
couple
of
applications,
it
blows
their
mind.
And
yes,
that
that's
been
my
experience
so
far.
But
you
have
to
kind
of
do
that
one
one
factor
at
a
time:
yeah.
A
C
Found
myself
increasingly
using
Siri
on
lightly,
which
I
think
is
a
good
like
it's
kind
of
a
good
overlay
similar
to
insta-death,
which
gives
you
a
view
of
your
like
portfolio
of
amounts.
You've
got
staked
money,
you've
borrowed
and
money.
You've
invested,
so
I've
been
using
that
to
manage
loans
that
I
have
through
compound
and
compound
and
maker
CDP's
I'd
say
that
that's
really
good
been
on
on
the
phone
side
I've
been
using
Peppo
and
which
is
kind
of
like
tic
TOCs,
a
crypto.
C
So
that's
that's
been
a
really
fun
one
to
get
into
as
I
try
to
expand,
maple
maples
community
and
then
argent
walla
is
one
that
I've
been
using
on
the
mobile
as
well
to
try
and
get
some
insights
around
user
experience,
because,
right
now,
with
with
maple
lines,
we've
built
a
proof
of
concept
and
where
we
want
to
get
to
in
the
short
term
is
a
much
nicer
easier
to
use.
Front-End
that's
gonna,
take
away!
You
know,
take
take
away
some
of
the
friction
in
in
people
access
and
defy
lines,
and.
A
C
Yes,
I
think
the
I
would
say
with
status
like
kind
of
the
the
leaderboard
and
ranking
quality
of
their
death.
Of
the
like
that
marketplace
so
to
speak
is
is
a
really
efficient
way
of
me
as
a
user
discovering
apps
that
have
different
use
cases
so,
like
I've,
seen
that
another
app
that
I'm
really
excited
about,
save
Lea
is
on
there,
and
it's
ranked
you
know
it's
one
of
the
top
ten
apps
ranked
on
there
in
in
one
of
the
categories
and
I
think
being
able
to
see
the
leaderboard.
C
So
it
gives
you
that
social
validation
that
this
is
an
app
that
a
lot
of
people
are
using,
gives
you
a
nice
summary
of
what
the
app
does
and
then
it
also
you
know
it
gives
you
a
portal
to
actually
go
and
access
that
up
now.
Otherwise,
my
means
of
discovering
an
app
like
that
would
just
be
through
crypto
Twitter,
which
is
kind.
A
C
So
we're
pretty
active
on
Twitter,
so
at
maple
finance
would
be
the
place
to
start.
We
also
have
a
medium
presence
and
then,
if
you
want
to
actually
check
out
our
website,
that's
at
maple
dot
on
it
and
then
we,
our
maple
lines,
is
live
on
may
net
at
the
moment.
So
anyone
can
go
and
use
that
so
you
can
go
and
create
a
community.
Add
people
as
borrowers
or
you
can
reach
out
to
us
via
twitter,
twitter
or
discord
and
be
added
to
a
community
to
take
out
a
loan.
C
C
Now,
if
I
look
at
that,
where
I
would
like
to
be
within
a
few
months,
is
250
thousand
loans
done
through
it
and
then,
hopefully,
by
the
end
of
the
year
over
a
million
dollars
in
lending
done
through
the
platform
and
I
also
want
in
a
year's
time.
I
want
there
to
be
crypto
banks
using
maple,
smart
bonds
and
maple
lunch
beautiful.