We caught up with Gordon Liao, Head of Research for Uniswap Labs, to talk about his transition from traditional finance to the nascent ecosystem of decentralized finance (DeFi). Most recently, Gordon worked as a senior economist for the United States Federal Reserve and co-authored a report on stablecoins that was published in January 2022.

00:00 - Introduction
01:15 - Gordon’s career trajectory and how he was first introduced to cryptocurrency
03:30 - Can you have blockchains without tokens?
05:45 - Problems Gordon noticed while working for the Fed 
07:35 - Will traditional finance use open-source infrastructure? 
10:00 - Why Gordon left the Fed to work in decentralized finance
14:30 - Can KYC apply to DeFi?
17:15 - Where do policymakers get hung-up when it comes to crypto regulation? 
18:30 - Gordon's view on stablecoins
23:40 - Why should governments lean into stablecoins? 
25:00 - Gordon's role at Uniswap Labs
29:00 - Long-term vision for the DeFi industry 
31:15 - What needs to happen for traditional finance and decentralized finance to coexist
33:40 - What excites Gordon the most about the industry