DeFi stands for decentralized finance and represents a category of financial products and services built on blockchain technology. DeFi does not use intermediaries like traditional financial products and services and therefore has the potential to make financial systems more accessible to the people of the world.
"For all intents and purposes, DeFi was not a thing two years ago–it was just a few folks at a meetup who were talking about this idea that we could have finance that was built using smart contracting platforms and systems. [Now] new protocols, new pieces of technology that fit into the different protocols–everything from liquidity pools to automated market-making to lending to insurance: literally everything across the board is sort of being built in the decentralized finance space."—Joe Lallouz speaking to Finance Magnates in September, 2020.
A: “We’ve been heavily focused on infrastructure at the protocol level: message propagation, securing, validating, or governance in Proof of Stake networks [for example]. All of the DeFi systems currently being built—whether they’re Automated Market Makers (AMMs) or DEXs (decentralized exchanges)—are built on top of protocols that assume a certain level of security. So if they’re built on top of Ethereum, people are securing Ethereum. If they’re built on top of Polkadot or Tezos, people are securing those networks.
Bison Trails focuses on securing the protocols themselves and making them usable. So if you’re building a product or service that interacts with Ethereum, you might be using Bison Trails’ infrastructure to read or write to and from the network. It’s not so much that we’re building products for DeFi, but we’re building a lot of the fundamentals that support a DeFi ecosystem that can grow and can be used. We’re less focused on tools to optimize yield farming or anything like that. We’re focused on the fundamental layers.” —Joe Lallouz, CEO of Bison Trails at REIMAGINE 2020
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Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 22 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 30 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.