David Lee is a tech entrepreneur and co-founder of Level, a company focused on developing stablecoin solutions in the cryptocurrency space. ^{[3] [4]}

Education

Lee graduated from Columbia University with a B.S. in Computer Science. ^[1]

Career

Lee’s career in technology began in 2015 when he joined Kanjoya, Inc. as an engineer in San Francisco. Following this, he co-founded Riley in 2016, a short-term venture based in New York. Later that year, he returned to San Francisco to work with Ultimate Software, having joined through its acquisition of Kanjoya. He remained there until mid-2017.

Lee gained further experience through engineering internships, first at Uber in the summer of 2017, then at Flexport in 2018. He returned to Flexport as a full-time software engineer in 2019, working for nearly three years until the end of 2021. In December 2021, Lee co-founded Peregrine Exploration, Inc., a digital asset development company focused on building Level, a stablecoin protocol. ^{[1] [2]}

Interviews

Future of Stablecoins

In an interview with Cantina TV, Lee shared insights about the evolution and future of stablecoins as a decentralized stablecoin protocol utilizing USDC and USDT. He explained that stablecoins function as tokenized dollars on the blockchain, with users able to redeem these tokens for their underlying cash. Reflecting on the regulatory landscape, Lee highlighted the slow pace of regulation in the U.S. and the recent positive sentiment toward stablecoins, particularly regarding their legitimacy and role as considerable holders of U.S. securities. He noted that while established stablecoin issuers, like Tether, retain profits from the generated yield, Level’s strategy focuses on passing yield back to users through on-chain sources. Lee also discussed the security risks associated with smart contracts and the need for robust security measures, stressing the importance of anticipating existential risks, such as potential hacks. Ultimately, he emphasized a cooperative approach to competing with larger players in the market by enhancing the utility of existing stablecoins. ^[2]