John Michael Lobo comes to defi with nearly 25 years of software architecture experience. He will be maintaining a focus on long-term strategy while continuing the development of defi products by the highly-successful defi development squads. He states “DeFi is more than a gimmick. It truly reveals and establishes the disruptive power of blockchain technology. Banking, insurance, trading, loans, hedge funds, exchanges — just a few examples of business types that can work fully decentralized. It’s only a matter of time until the big players have to decentralize their business cases as it will be the global standard.”
As per John Michael Lobo, Defi space has recorded a substantial growth over the course of last few years, and given its use cases such as borrowing and interest rate platforms to stablecoins and other tokenized assets, the DeFi ecosystem has launched an expansive network of integrated protocols and financial instruments. There is a wide range of use cases for individuals, developers, and institutions. For John Michael Lobo, full decentralization of finance is another crucial attribute, as this ensures all investment and trading activities can happen within a smart contract. This intricately designed code can ensure that investment decision makers have the freedom to execute investment strategies and make allocation decisions. Here, human strategists or trading bots fueled by artificial intelligence can take control of the fund’s direction.
What Worldnewstalk expects for 2021:
John Michael Lobo is currently working on a defi project called Musashi Finance whereby the team envisions to make defi staking investment accessible – to anyone, no matter where they are in the world. With the Decentralized Finance movement takes that promise a step further. Imagine a global, open alternative to every financial service you use today — savings, loans, trading, insurance and more in a franctionized portion — accessible to everyone in the world with smartphone that has Musashi Dapps in it. With the current defi infrastructure, John Michael believe this can be achievable and it will expand in lightning speed.