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Attila Perez
December 2020
As traditional financial products become available in decentralized form on the blockchain, the decentralized finance (defi) ecosystem becomes only stronger. A wider range of products allows for an exponentially greater amount of possible risk exposures, and thus, a greater demand for defi. We are building on top of protocols designed to create an open society. Peyote is designed to create liquidity in defi Credit Default Swap (CDS) markets by applying quantifiable supply to such products, while concurrently empowering portfolio managers with access to a previously unavailable digital security. Synthetic Collateralized Debt Obligation (sCDO) products open the door for various new risk management opportunities.
Ethereum's superpower is decentralization, its open source bazaar approach. Problems pop up and people show up from all over to address them.
-Joseph Lubin, Founder, ConsenSys