DeFi

Money 2.0 Stuff: The Open Finance value proposition

Quick Take

  • How to avoid sunsets.

Identity crisis 

One way of thinking about the value proposition of Open Finance is as some combination of the following properties: 

1. Permissionless

Permissionless access both for users (self-custody, no KYC, censorship-resistant) – particularly for those currently underserved by the legacy banking system — and developers, who can combine these interoperable financial primitives to iterate on financial products at speed and with ease.