In this episode, Su and Hasu talk about decentralized finance (DeFi).Topics covered:- What DeFi means to Su- Why use DeFi over CeFi?- Is the current demand organic or subsidized by VC money?- Where users will allocate on the trust spectrum- The delicate dance between regulatory arbitrage & attracting talent and capital- The path to decentralization- Most important DeFi use cases today and in the future- How AMMs work and can be improved- The core building blocks of DeFi- Incentive mechanisms- Tokenized balances- Atomic transactions- Will a boom in DeFi translate to ether?Su Zhu is the CEO and CIO of Three Arrows Capital.Hasu is a cryptocurrency researcher and writer.Together, they publish on Deribit Insights and uncommoncore.co.