Banks Are Coming to DeFi
The tables have turned...now the banks are coming to DeFi.
Our friends at Zerion launched some killer NFT features. Just plug in your wallet and flex.
Dear Bankless Nation,
If you can't beat em join em.
The banks are coming to DeFi now. đ€Ż

The third largest bank in France just posted on the MakerDAO governance forums to get their collateral approved for loans.
This is the first example of a major bank submitting an application for a financial relationship with a DeFi protocol. The loan would be for up to $20 million in DAI, and would use on-chain bond tokens issued by the bank as collateral. These tokens were issued in 2020, with a fixed rate of 0%, a AAA rating from Moodyâs and Fitch, and mature in 2025.
This isnât just a bank using DeFi.
This is a bank actually building on DeFi.
Forget the loan value for a min. $20M is peanuts. Think about whatâs going on here:
An institution is integrating a DeFi protocol into its financial products
A bank is coordinating with a DAO. No backchanneling, just forum proposals.
Regulated initiatives đ€ Open-source initiatives
DeFi is the future of France. Vive la rĂ©volution. đ«đ·
OhâŠand we talk all about this on Mondayâs podcast with Rune Christensen, the founder of Maker.
He also tells us why heâs become something of anâŠETH maximalist?
The podcast is already up for you Premium Members.
Another awesome week coming up:
Podcast with Rune Christensen on the future of Ethereum (early access here)
We show you how to collect NFTs on Layer 2
The ultimate guide to yield in Q4 đ„
Have a đ weekend.
- RSA
P.S. Download the week in crypto in 70 seconds w/ Bankless correspondant crypto Kyla. đș
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Recap for the week of Oct. 4th, 2021
đș NEW PODCAST EPISODE
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ACTION RECAPÂ đ
WATCH & LISTENÂ đ
đïž Listen to OpenSea & The Business of NFTs | Devin Finzer
đș Watch Mariano Conti | Layer Zero
đș Watch SotN: The dYdX Boom | Antonio Juliano
đș Watch ROLLUP: Tik Tok NFTs | SociĂ©tĂ© GĂ©nĂ©rale & MakerDAO | ETH 2.0
đ„ Bonus! MTN: Kwenta | Andrew Trudel
METAVERSALÂ đ§ââïž
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đ Experience DeFi: Deposit, Earn, & Borrow with Aave
Aave is a decentralised, open source and non-custodial liquidity protocol enabling users to earn interest on deposits and borrow assets. Aave Protocol is unique in that it tokenizes deposits as aTokens, which accrue interest in real time. It also pioneered Flash Loans and Credit Delegation as innovative DeFi building blocks. The Aave Protocol V2 makes the DeFi experience more seamless with features that allow you to swap your assets for the best yields on the market, and more. Check it out here.
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