GSR is building out a space for itself at the intersection of traditional and decentralized finance worlds, according to its newly-minted head of DeFi, Jake Dwyer. During the latest episode of The Scoop podcast, Dwyer explained that the firm is building out the capacity to both create new trading products as well as provide liquidity to DeFi protocols in a way that's more familiar to the traditional finance players who want to become more closely involved. With these plans in hand, GSR expects to contribute more than $1 billion in total value locked over the next year — fueled in no small part by the increase in interest from traditional finance sources. "People are sitting on pretty substantial positions just by being early users in these protocols,” said Dwyer.DeFi vs CeFiIn the last six months, GSR has expanded its venture investment activity in DeFi as a more central component of the business, with an eye on fixed income protocols and credit."You've got things like Aave and Compound and others on other chains for borrow and lend. But we've seen numerous innovations around the second-order derivatives of Swivel and Tempest on the fixed and floating rate interest side of things," Dwyer explained.Dwyer is excited about the collateral and interest rate segment of the market, which he sees as innovating at a fast pace. "I think that a lot of these different sorts of fixed income derivatives protocols that are out there are going to evolve in really exciting ways over the next the next couple of months."He believes that DeFi will eventually match more centralized activities as the market will see increased innovation.Eyeing a multi-chain futureLooking to the future, Dwyer said he believes that it will be one marked by a variety of networks that serve different purposes — and in the background, in some cases."We believe that in the future you're not going to know what chain you're interacting with necessarily or care," he said....For more visit theblockcrypto.com/podcastsEpisode 74 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Jake Dwyer, Head of DeFi at GSR.Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.This episode is brought to you by our sponsors Bakkt, Kraken and MasterworksBakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. Visit Bakkt.com for more informationAbout KrakenWhether you’re an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today.About MasterworksMasterworks is democratizing the exclusive multi-trillion-dollar art world. Instead of needing to write a $10 million dollar check to buy one Picasso painting, you can buy shares of masterpiece paintings. Masterworks has securitized over $250 million worth of art for their 235,000 members and was recently valued at over $1 billion, making them the first and only unicorn in the alternative investing space. Invest like a billionaire today with a few easy clicks at masterworks.io/scoop