In Brief
- Claude Eguienta of Mimo Capital shared his thoughts on the future of DeFi and RWA
- Eguienta believes in AI’s immense potential to revolutionize decentralized world
- Mimo’s Web3 wallet serves as a platform to explore the intersection of AI and crypto
- PROMOLimited Newbie Offer. First come, first served!Get 100 UDST Newbie bonus!
Claude Eguienta, a driving force behind Mimo Capital, shared his thoughts on the current and future state of DeFi with BeInCrypto.
With a focus on integrating Real World Assets (RWA) and leveraging Artificial Intelligence (AI), Eguienta’s work promises to usher in a new era for decentralized finance.
Claude Eguienta is the Chief Executive Officer at Mimo, leading the charge in creating protocols that provide tokenized real-world assets and enabling the minting of multiple price-stable currencies against collateral. Previously, Claude co-founded Telcoin, a startup focused on financial inclusion through blockchain-based remittances.
The Plateau of Real World Assets
Claude opens the discussion by reflecting on the trajectory of RWAs within the decentralize finance ecosystem. Initially, there was a surge of enthusiasm as platforms like Ondo Finance introduced novel protocols, signaling a new edge for RWA in DeFi. However, he notes the momentum seemed to have plateaued, revealing a landscape where the vast potential of RWAs remains largely untapped due to various market readiness and regulatory challenges.
«RWA is a story that has been trying to happen for a long time. The biggest kick happened when Ondo announced tokenized T-bills in January: Centrifuge came earlier, but I guess they came at the moment when the market wasn’t ready to listen about those things. It seemed pretty huge from a crypto bubble perspective and attracted a lot of attention. But if you take a couple of big players out of the equation and look at the open protocols that have some traction from users other than their respective founding teams, it really plateaued».
