The Financial Advisers Guide to Decentralized Finance and Beyond

Don't Call It A Webinar Replay

Onramp Academy

DECEMBER 29, 2021

Don't call it a webinar!

Decentralized finance can feel like a complex space for financial advisors. However, it doesn't have to be that way. In this live conversation with Tyrone Ross, CEO and Co-founder at Onramp, Akin Sawyerr, Chief Innovation Officer at Onramp Invest, and Adam Blumberg CFP®, Co-founder at Interaxis, we covered:

  • Everything you need to know about DAOs
  • On-chain indices and recent developments in DeFi
  • An update on the innovative world of cash management
  • What the RIA of the (not so distant) future looks like
  • Q&A
  • And more!

What people said about the presentation

“This “Not a Webinar” rocked.”

“Thanks for this, Akin, Adam, and Tyrone. Love it!”

“Thank you all! Learned a lot!”

“Great session! Thank you all for your time!”

“Well done. Good to be here and learn about Onramp. Adam – love your content.”

“Great dialogue and value. Thank you!”

“Perfect talk tracks and lol thank you haters.”


Questions that were answered live

I’m interested to know how folks currently active with PlannerDAO see their organization's role in comparison to currently existing organizations like CFP Board, NAPFA, or other currently existing organizations for the financial planning/advisor communities.

In a PROTOCOL, what happens when someone “breaks the rules”?

Is it truly decentralized if it’s controlled by a group, even a majority?

Do you think in the future the name DAO will change and evolve?  I believe NFTs will break off into multiple new terminologies depending on what the representation is.  It reminds me of the financial industry was scared of the word Crypto and all of sudden we say digital assets…

Without a true “entity”   how does liability work, especially when this is combined with the advisor world…

In your opinion, should cryptoassets be viewed as investments in the same way that stocks, ETFs, real estate, etc. are? Or should some crypto assets be viewed more as currencies instead of investments?

From an estate planning perspective, how up-to-date is the law in terms of how tokens/etc are titled, passed down, etc?

What types of groups are an “ideal” fit for DAOs?

If a DAO raises money, is it considered a company that the SEC needs to regulate the fundraise and how does the IRS consider it for taxation?

Can you give your opinions on long-term/short-term investment in DAOs such as $TIME Wonderland, $OHM Olympus, and other protocols looking to create decentralized reserve currencies and provide liquidity.

DAOs are new to me. Your overview is helpful. What other resources (sites, podcasts, etc,) can you suggest to really grasp the concept?

Can you substitute an NFT for a token and make it easier to not call it a security?

Hi! Thank you for this great webinar!

Question for Akin: We have seen interest from some US (and international) clients (HNW and some smaller institutions) regarding spinning up nodes for Ren Protocol, as a way to obtain passive income paid mostly in BTC. 

They are looking to allocate fiat to earn passive income in an appreciating asset, without getting too involved in their DAO efforts. Staking ETH or mining BTC is not something they like, as they see more upside on value capture of the underlying token as well as the revenue per epoch once volume increases. 

REN Protocol is a bit more out the risk curve than say staking ETH or mining BTC, how do you recommend is the best way to explain to them the regulatory risk these HNW and smaller institutions might face by running these nodes, as opposed to simply staking ETH or mining BTC? Or do you think all three (mining BTC, staking ETH, or running nodes for REN protocol) face equally challenging regulatory risks?

Can you share the percentage of players that are institutional versus retail?

What do you think of DAOs like Time wonderland where the people in control of DAO are anonymous. Are these the DAOs to stay away from?

It seems stablecoins are front and center for regulation, and we know stablecoins are the backbone of a thriving DeFi ecosystem. Can y’all talk a little bit about the different stablecoins? like a centralized fiat-backed (USDC, USDT) vs. algo stablecoins like UST and DAI?

What is the application of NFTs? is the only value in the art/collectible nature of it or are there other applications? The prices that some of these have sold for blow my mind.

I would love to hear where Onramp is today (end of 2021) vs. beginning of the year… team size? 2022 focus?

What is your outlook on crypto in 10-15 years?

All of a sudden people think to take the printed money and put it on-chain and now it has gained value.

Do you need to be CFP to participate in PlannerDAO?