$6 Billion Fund Manager Explains Why DeFi is Undervalued | Joey Krug, Pantera

Описание: On today's episode of Empire, Jason Yanowitz and Santos Santiago are joined by Joey Krug, CIO of Pantera. Before Pantera, Joey also organized the first ICO on Ethereum, raising a total $5.7 million for Augur, a peer-to-peer betting platform- among other things.

With his multiple positions and involvements in the crypto scene, Joey provides a unique viewpoint to not only past and current trends, but a loud and vocal perspective on DeFi and the Layer wars. Join Jason and Santiago as they learn more about how Joey navigated his huge portfolio of experience in crypto leading up to Pantera and why he thinks DeFi is incredibly undervalued today.

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Timestamps:

00:00 Introduction
01:24 Macro and Market Cycles
08:24 Surprises in the Cycle
12:05 Crypto Bull vs. Bear
14:37 LP base, venture fund performance and strategy in a changing market
20:54 Risk strategy in projects
31:44 Short and Long-term DeFi trends
35:24 Complicated DeFi and tokenomics
39:23 DeFi 1.0 vs. 2.0
46:38 Diluted investments
48:05 Long-term and Short-term outlook on L1s
51:20 Krug's Worst Trade
54:06 Highest conviction thesis and DeFi outlook

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