Mapping Decentralised Finance (DeFi)

Bitcoin is a peer-to-peer electronic cash system. DeFi is a peer-to-peer electronic financial instrument system and refers to projects that are using cryptographic tokens and blockchains enabling anyone to issue, transfer and own financial instruments.

Design Phase: Finding Token-Network Fit

Token design is perhaps the most discussed and exciting aspect of the entire process. A huge database of cryptographic primitives have emerged, and new ones are introduced almost every week.

Discovery Phase: Defining your Network Requirements

The first phase of token creation should start with an understanding of the ecosystem itself. In the Discovery Phase, we propose a process for token teams to formulate and align on the problem they are actually trying to solve. The fundamental question of “Why a token?” seems like a simple one, but getting internal alignment on the answer is harder then it seems. The discovery phase is all about determining and aligning on the particular characteristics of your business model, and defining the requirements for your token design.