Gajesh Naik designed a Decentralised Finance (DeFi) protocol that now manages around US$1 million in cryptocurrency – and he’s only 13 years old.
Gajesh, a schoolboy from Goa, India, is the chief architect and developer of PolyGaj – a DeFi protocol built on the Polygon blockchain. Last month PolyGaj was actually managing almost US$7 million, all under Gajesh’s entrepreneurial stewardship.
DeFi technology has been growing fast after emerging last year, with US$58 million locked into DeFi protocols. It is also gaining a keen following with billionaire Mark Cuban Calls DeFi The Start Of Personal Banking.
How Gajesh Cracked the DeFi Code
When you entrust your money to a DeFi protocol, you’re diverting it into a series of smart contracts – essentially code that dictates how your funds are invested. So how did Gajesh come up with that code?
I had the basic math skills, like addition, subtraction. Then I started learning all the programming languages.Gajesh Naik
Gajesh’s father, Siddhivinayak, a public servant with a degree in computer science, encouraged his son all the way.
Once the COVID threat in India eases, Gajesh hopes to devote “four to five hours” to schoolwork while continuing to work on PolyGaj.
Asked whether someone his age should be handling such large amounts of money, Gajesh has a simple answer: “Age is just a number.”
Other Crypto Superstars
Gajesh isn’t the first to achieve superstar status in the crypto world; earlier this year we saw a hardware hacker modify an old-school Game Boy to mine Bitcoin.
We also saw an Aussie programmer refinance his property using DeFi through crypto loans, which operates outside of the current banking system.
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