Bitcoin and Financial Independence

31: DeFi Basics - Traditional Finance Gets Competition From Crypto with Grayson Sharp


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Today I interview Grayson Sharp and learn about DeFi - decentralized finance. We talk about how it works, risks and rewards.

Actually getting into DeFi requires a good bit of technical skill. Grayson and I are both on the waitlist of the Giddy app, which has a goal to make DeFi easy and accessible for more people. It's possible right now to make 40% on stablecoins so I'm interesting in putting a little bit in to try it out.

Links from the show:

  • Impermanent Loss - What is is, how to avoid it
  • Helium
  • World Economic Forum Whitepaper on DeFi
  • vfat.tools
  • Beefy.finance - where Grayson participates in DeFi
  • Squid Game Rug Pull
  • Internet Computer Protocol (ICP) - a blockchain, ethereum competitor

==============================

Check out getbitcoinfi.com for more blog posts and articles, and get involved in the community.

  • Strike - the Venmo of crypto. Buy, sell and send crypto with no fees. Use my link to get $5, no purchase necessary.
  • I have a Roth IRA with Choice to buy Bitcoin in a tax sheltered account. Traditional IRA's are also available. We both get $50 in Bitcoin when you open and fund an account, plus daily chances to win Bitcoin.
  • Swan Bitcoin: Lower fees than Coinbase with a strong focus on education
  • My Twitter
  • My Youtube

==============================

Feel free to schedule 15 minutes with me.

Note: Swan Bitcoin is my only affiliate relationship - the rest are mutually beneficial referral links.

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Bitcoin and Financial IndependenceBy FrugalStu

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