Road to Institutionalisation of DeFi as a whole.

1. INSTITUTIONALISATION AND
TRUST IN DEFI
Deniz Dalkilic – CTO @ MRHB Network & Co-Founder @ Paribus
21st October 2022 - Greenwich University

2. WHAT IS TRUST?
reliance on the
integrity, strength,
ability, etc., of a
person or thing;
confidence.
confident
expectation of
something; hope.
confidence in the
certainty of future
payment for property
or goods received;
credit, to sell
merchandise on trust.
“Trust” as defined by Oxford Dictionary;

3. WHAT IS MEANT BY
INSTITUTIONALISATION?
“…the process of becoming a permanent or respected part of a society, system, or
organization…”
Institutionalisation as defined by Oxford Dictionary;

4. WEB3 AND DEFI SOLUTIONS
Borrowing/Lending Solutions i.e.,
Paribus
Faith based (Shariah) Solutions i.e.,
MRHB Network
Tokenised
Goods/Commodities/Property/Art
Insurance
Trading (Spot, Futures, Options,
ETFs)
Niche Markets

5. STATE OF DEFI
$41k to $181.3b(peak) AUM in less
than 3 years
$300m+ in fees generated in 3
years
Over 400+ DeFi Protocols
4.8m+ users and growing
Defilllama
Dune Analytics

6. ROAD TO INSTITUTIONALISATION
* Referenced from: The Institutionalization of Cryptoassets and Decentralized Financial Markets by Felix Bekemeier

7. HURDLES ON THE WAY TO
INSTITUTIONALISATION
• Lack of education and knowledge
• Lack of clear-cut legislation
• Security and Safety of Code
• Inefficient UI/UX
• Anonymity
• Adequate Infrastructure
• Non-custodial vs Custodial Solution
• Reporting Tools
• Risk Management

8. EDUCATION AND LEGISLATION
• Seminars, Webinars, Round Table and
meet ups
• Undergraduate & Postgraduate Degrees
• Reward Incentivised Learning (&
Whitehat Hacking) Programmes
• MiCA by EU
• US Framework WIP
• KYC/KYT/AML Tooling

9. TRUST, SECURITY AND USABILITY
Diamond-Grade Security Firms entering Audit Space e.g., Kudelski Security
Real-Time Monitoring Tools
Network Level Improvements; EIP4626, EIP2535, EIP4519
Governance Level Improvements
Abstraction of Technology

10. Thank you for listening!
Telegram: @dnzdlklc
Twitter: @dnzdlklc
LinkedIn: Deniz Dalkilic