YouHodler CEO Talks DeFi, Crypto Lending, and Web3 Innovations
The post YouHodler CEO Talks DeFi, Crypto Lending, and Web3 Innovations appeared on BitcoinEthereumNews.com.
BeInCrypto had the opportunity to sit down with Ilya Volkov, CEO and co-founder of YouHodler, a Swiss and EU-based Crypto FinTech company. YouHodler gained recognition for its crypto lending, borrowing, and yield services, which cater to users looking to amplify their idle crypto holdings for various trading strategies. During our conversation at the Web3 Banking Symposium in Lugano, Volkov shared his philosophy behind building a lean, self-sustaining company in the crypto space, as well as his thoughts on the future of blockchain and crypto’s role in traditional financial systems. From the challenges of integrating decentralized finance (DeFi) with legacy banking structures to how YouHodler is pushing the envelope with new technologies, this interview offers valuable insights into one of the industry’s most dynamic leaders. Ilya Volkov on Building YouHodler Without External Funding: How Personal Values and Beliefs Shaped the Journey It was always on my mind and the minds of my partners that we needed to use a lean approach. The benefit of this approach is actually very simple. If you focus on a lean approach, you focus on efficiency. That means you build products that will be welcomed by your customers, and customers will vote with money for your products. When you compare this approach to others in the space, especially between 2017–2018, the contrast is clear. Many companies raised large sums of money through ICOs, and while not all of them wasted or misused those funds, a significant number did. It was easy money and just as easy to spend. So the money was invested in questionable marketing channels and all sorts of influencers, and very rarely did money go to real product development. And again, the key thing is that many companies that raised a lot of easy funds were not focused on product development. They were focused…
