Devcon 8 · Mumbai · 4 Nov 2026

Permissionless finance, but with KYC: what are we even doing?

Alex · Head of R&D at cp0x

Quotes from the talk

2020
Bankless, 2020: There's clear consensus on the core values of DeFi: no KYC, no whitelist, the rules are the same for everyone, no geo-lock, no credit score, and no paperwork.
Stani Kulechov & Marc Zeller, Aave Guest post · Bankless · 13 Aug 2020 View original ↗
2022
Rune Christensen, 2022: KYC cannot be implemented on a decentralized stablecoin... turns the entire thing into something like a bank.
Rune Christensen, MakerDAO (now Sky) X · 4 Feb 2022 View original ↗
2023
Hayden Adams, 2023: Users have countless choices of ways to use it, through aggregators, other UIs, or by interacting directly with the smart contracts.
Hayden Adams, Uniswap X · 16 Oct 2023 · excerpt View original ↗
2024
Morpho blog, 2024: One of Morpho's goals is to establish an open lending stack where both back-end contracts and front-end interfaces are permissionless.
Morpho Blog · 2 May 2024 View original ↗
2025
Uniswap blog, 2025: Open to anyone, anywhere.
Uniswap Labs Blog · 1 May 2025 View original ↗
2025
Hyperliquid, 2025: On Hyperliquid, there is no listing fee, no listing department, and no gatekeepers.
Hyperliquid (official account) X · 15 Oct 2025 View original ↗
2025
Jeff Yan, 2025: global, permissionless finance at your fingertips.
Jeff Yan, Hyperliquid X · 25 Nov 2025 View original ↗