Deniz Dalkilic’s journey into technology and finance was inspired by nostalgic memories, recurring puzzles, and afternoons spent in frustratingly long lines as the son of an immigrant. He wistfully recalls countless occasions when his family encountered obstacles in money remittances as his father labored abroad. Today, these faded experiences ignited a fascination that propelled Deniz on a quest to revolutionize the finance industry.

Dalkilic ventured into computer science as a way of answering the questions that piqued his curiosity and finding solutions to the challenges he faced. His journey was one of evolution. From a software engineer to a senior software engineer lead, he navigated a spectrum of roles in the tech industry. His career swept him to different spheres, from startups to well-known corporations like Thomson Reuters, and even government agencies such as the London Metropolitan Police. 

However, it was during Dalkilic’s stint at Thomson Reuters, during a blockchain-based mortgage reporting consortium, that he got introduced to Ethereum. The resonance between his early experiences and the revelatory nature of the Bitcoin whitepaper kindled a transformative path. Inspired by the potential of fostering change in the financial industry, he left Thomson Reuters to establish his first company in the fintech industry. 

His company, Paribus, uniquely seeks to revolutionize the DeFi lending and borrowing space. Their core mission is to redefine how liquidity is perceived and unlocked in finance technology. Paribus has a unique knack for quantifying and leveraging value, reflecting a forward-thinking approach that endorses diversified collateral for borrowing, something that’s not been executed before in DeFi.

“Market Data Driven Interest Rates”, a novel concept, is introduced by Paribus adjusting the interest rates based on prevailing market sentiments and information, making the platform responsive to market dynamics. An AI-backed off-chain NFT valuation system assists in providing reliable NFT valuations and bridging the gap between different crypto assets.

Dalkilic passionately explained, “Our goal is to ensure no asset remains idle, and that asset owners always have access to a credit line for their needs.” The formation of four groundbreaking features in the next four months is eagerly anticipated, marking another significant milestone on Paribus’s journey toward redefining liquidity in DeFi.

Looking ahead, Dalkilic is both optimistic and cautiously aware of the challenges ahead in the next decade in Web3 and DeFi. He foresees strides in areas such as the application of Zero-Knowledge Proofs (zkProofs) in AI/ML, enhancements in interoperability between blockchain networks, and the development of industry-wide standards. Dalkilic highlights the challenges inherent, emphasizing the need for maintaining security, managing systemic risks, and averting stifling innovation. 

Despite the hurdles to be overcome, he envisages the tokenization of Real-World Assets (RWAs) potentially unlocking significant economic value. Additionally, he anticipates clearer legal frameworks and increased institutional involvement, acknowledging the effects of increased regulation on the decentralized nature of Web3 and a need to address environmental and ethical implications, specifically in blockchain energy consumption and AI use in DeFi.

In essence, Dalkilic champions a future that embraces the innovative powers of technology and crypto, built upon guidelines and policies that prioritize sustainability. His childhood curiosity has engineered a path not just for him but for an industry. His continued passion for refining his industry keeps his work at Paribus relevant as he labors to ensure that no asset remains idle while continually redefining liquidity. He is, without a doubt, a forerunner and keen contributor to the financial technology of the future.