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Podcast Conversation: Aggregating Decentralized Finance (DeFi) and structuring a DAO, with Sergej Kunz of 1inch
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Podcast Conversation: Aggregating Decentralized Finance (DeFi) and structuring a DAO, with Sergej Kunz of 1inch

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In this conversation, we chat with Sergej Kunz, the co-founder of the 1inch Network, a distributed network of decentralized protocols. From 2015 to 2019, Sergej worked for consulting firm Mimacom, running projects for major customers such as Bosch, Siemens and Porsche. After joining Porsche on a full-time basis, he gradually shifted toward cybersecurity. He also co-hosted the YouTube show CryptoManiacs. At a 2019 hackathon, Sergej and the 1inch Network's eventual co-founder, Anton Bukov, developed a prototype crypto exchange aggregator that became the basis of the entire network.

More specifically, we touch on how a passion for software development and coding lead Sergej to the web3 world, the concept of data aggregation and its value in a multitude of industries, all things surrounding the 1inch protocol and the tokens involved and the liquidity programs, and so so much more!

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Sneak Peek:

Sergej Kunz:
I like the idea of the Web3 approach that you actually, you don't have a backend. You don't have a centralized backend, a honey pot which can be hacked. So, you just need a small piece of front end, your UI application, and then you can interact directly with the blockchain. Applications on the decentralized computer like Ethereum. For sure it was, for me, a little bit difficult to understand how solidity works in terms of, I know Java very well.

When I started first time to write smart contracts, it was like writing Java and it was not efficient. Yeah. Because all the patterns which are existing in Java, you can just drop in the trash building from scratch. Solidity was really simple, it's still very simple. If you're looking deeper, then you understand that a lot of things are very complex and if you want to write very high, efficient code, then you need to know a lot of things about Ether universal machine.

It was a good learning for me, but I didn't concentrate myself on writing smart contracts side, I guess my first thing, what I wrote on smart contracts was arbitrage board. I used Uniswap, Banker, Kyber, to find the arbitrage opportunity and it worked very well. I worked also a small algorithm to find the best distribution to buy and then to sell. And this was the base idea, the ground idea, which I shared with Anton on the hackathon in May 2019 where we built 1inch.

So, Anton wanted actually a page where…


More? So much more!

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