Cardano’s Founder Laughs at DeFi Because it Has no Real Markets

Cardano’s Founder Laughs at DeFi Because it Has no Real Markets


In distinguishing real-world use versus speculative investing, IOG CEO Charles Hoskinson said he derides DeFi in its current state. The comments come as Cardano announced securing a contract with Ethiopia’s Ministry of Education for a blockchain-based ID system.

This accomplishment is part of Cardano’s pan-African strategy that intends to improve lives by providing new systems. By tapping into real-world use for everyday laypeople, Cardano hopes to differentiate itself from the competition. But is this a strategy that will prevail?

“We look to our industry and we think about things like DeFi. I laugh at DeFi at the moment. Not because I think the projects are bad, or the products are bad, or the teams are not motivated. But because they don’t have real markets.”

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Cardano Lands The Bird

After months of teasing, and even before the Africa Special event, the bird has finally landed. Yesterday, Hoskinson took to social media announcing a partnership deal with the

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