These days, you can hardly talk about investing without cryptocurrency and decentralized finance entering the conversation in some capacity. Joey Krug, CIO of Pantera Capital, one of the largest asset managers in crypto, is here to shed some light on navigating this evolving asset class. We discuss how product and market analysis help them make decisions when investing in crypto, the relationship to traditional finance, dangers to consider when investing, and current events happening in crypto.

Dive in and learn how to mitigate risk and find opportunities in a very volatile market.

Key Highlights:

[00:00 - 06:23] Joey Krug and an Intro to the Defi Market: Alive, well, and not so different from traditional finance.

[06:23 - 12:38] What is a Maker DAO, and how do you participate in it?

[12:40 - 19:04] Joey talks about how he mitigates risk as a CIO managing highly volatile assets and sentiments surrounding DeFi right now.

[19:04 - 25:42] The most significant lessons Joey learned in DeFi trading: Being too aggressive, taking risk off too soon, and missing out on-chain analytics.

[25:42 - 31:49] The relationship between crypto and traditional finance and how knowing it can help you navigate the market.

[31:49 - 37:18] The cultural shifts within crypto have played a major role in what it is today and why it correlated with tech. Culture is also essential when it comes to building a business.

Quotes:

"I think DeFi has drastically changed the way finance works.” - Joey Krug

"The biggest mistakes I've made when it comes to trading are basically in two categories.: One is taking risk off too soon, and the other is not taking risk off soon enough." - Joey Krug

“Twenty years from now, banks will compete on the UI layer, like what the experience is like for the user and all the stuff under the hood.” - Joey Krug

“What I hate in a culture is people who complain about a bunch of problems… What you should do is solve it for yourself, and if you can’t, service it to the person who can.” - Joey Krug

Be sure to follow Joey Krug.

Enjoying the podcast? For more content, find me all over social:

Instagram: https://www.instagram.com/roblocascio

Twitter: https://twitter.com/RobLoCascio

LinkedIn: https://www.linkedin.com/in/rlocascio