Episode 60 - Big-wig bank Societe Generale trying on some DeFi to see how it looks

Good morning! This morning I read an article that talks about French Bank Societe Generale using DeFi protocol MakerDAO to take out a $20 million loan. This may not seem like much for a bank, but the fact that a TradFi bank is using DeFi for the first time is huge. It is also the first time real world assets, such as houses are put on-chain in an official capacity. It will be interesting to see what happens after this once this seal has been broken.

Sources:

https://medium.com/bankless-dao/brick-and-mortar-banks-begin-to-build-on-chain-de0e78413fc2

https://makerdao.com/

https://www.societegenerale.com/en

https://www.coingecko.com/en

https://coinpaprika.com/