Bankless

Episode: #26
August 18, 2020

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Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees!
  (use "Bankless" for VIP4 status & trades at 6bps!)
  
  
• Monolith - holy grail of bankless Visa cards
  
  
• Aave - money lego for lending & borrowing
  
  
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
  (Read this on IRAs and 401ks)

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What are the paradigms for investing in DeFi?

Charlie is an exceptionally bright & thoughtful investor in crypto assets at Paradigm...one of the leading investment firms in the crypto space. We talk institutions, yield farming, and DeFi protocols...and then we get into one of our favorite subjects.

Is ETH money?

Or rather, does ETH need to be money in order to secure itself?

What is dirty little secret many Ethereans and Bitcoiners don't admit? Why is moneyness and security two sides of the same coin? Why won't transaction fees secure Bitcoin?

This episode goes from great...to amazing. You won't find this depth of discussion anywhere else. Stay tuned to the very end to catch the conversation on economic security. 

We cover:

• Starting in crypto at age 11
• Gen Z and crypto 
• How Institutions see crypto
• Futility tokens are futile
• Is Uniswap the last word on AMMs?
• RAI vs DAI
• Money gams & accounting tricks
• Yield farming for yield farming sake
• Why we're not in a bubble yet
• Why Ether has to be money (or bust)
• Cosmos and Ethereum alternatives
• Not bullish on Eth2 timeline

Join us next Monday for a fresh episode!

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Resources discussed:

• Here's the episode with Joey Krug we mentioned
• Bitcoin for the Open Minded Skeptic article by Paradigm
• Is the Map of America the way institutions see crypto?
• We mentioned YAMS - here's our explainer
• We mentioned EIP-1559 (listen here | read article)

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Episode Actions:

1. Read "Bitcoin for the Open-Minded Skeptic” by Paradigm
2. Articles Charlie mentioned to understand economic security:
   • On the Instability of Bitcoin Without the Block Reward
   • Flash Boys 2.0 - Phil Daian
3. Spread bankless by giving 5 star reviews….get us to 100!

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

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Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

-----
Don't stop at the podcast!

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

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Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.  Do your own research.

Kain Warwick, Founder of the Synthetix Platform, presents himself to the Bankless Nation for a live AMA!

We ask him anything! No question off limits. 

This is a BONUS episode. Regular podcast episode (#26) will be released tomorrow.

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GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

-----

We do AMAs every 2nd and 4th Thursday of the month. 

Become a Bankless member to get access to the Zoom Webinar and ask questions to future AMA guests like Kain directly!

Here's the video recording. 

Kain is the founder of Snythetix, a popular synthetics and derivatives market on Ethereum. The Bankless Nation asks him questions about:

1. High gas fees
2. yams lol
3. Yield farming
4. Future vision for synthetics
5. DeF in a Layer 2
6. Central bank digital currencies
7. The final boss
8. Eth2
9. What he learned from 2017
10. Bull market price predictions!

And more....

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Don't stop at the show!

Subscribe to the Bankless newsletter program http://bankless.substack.com/

Visit the official Bankless website for resources http://banklesshq.com/

Follow Bankless on Twitter https://twitter.com/BanklessHQ

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

Kain Warwick, Founder of the Synthetix Platform, presents himself to the Bankless Nation for a live AMA!

We ask him anything! No question off limits. 

This is a BONUS episode. Regular podcast episode (#26) will be released tomorrow.

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade!

STATE OF THE NATION #9 (PART 2) - Wednesday, August 13, 2020

Watch on the Bankless YouTube Channel

SOTN PART 2: with Special guest Vitalik Buterin

The State of the Bankless Nation is....PROPAGATING! And in this Part 2 we talk to Vitalik about ETH SUPPLYGATE!

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

-----

Covered:

1. ETH SUPPLYGATE
2. CURRENT GAS FEES

PART 2: (COMING TOMORROW - ETH SUPPLY GATE) Special guest Vitalik Buterin

We show: 

1. Tweet from Pomp
2. Never Get High on Your Own Supply

--- Episode Actions:

1. NA

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

-----

Don't stop at the show!

Subscribe to the Bankless newsletter program http://bankless.substack.com/

Visit the official Bankless website for resources http://banklesshq.com/

Follow Bankless on Twitter https://twitter.com/BanklessHQ

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

STATE OF THE NATION #9 (PART 2) - Wednesday, August 13, 2020

Watch on the Bankless YouTube Channel

SOTN PART 2: with Special guest Vitalik Buterin

The State of the Bankless Nation is....PROPAGATING! And in this Part 2 we talk to Vitalik about ETH SUPPLYGATE!

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade!

STATE OF THE NATION #9 (Part 1) - Tuesday, August 12, 2020

Watch on the Bankless YouTube Channel The State of the Bankless Nation is....PROPAGATING! The bankless boys discuss why. This is Part 1 of SOTN this week.

Stay tuned for Part 2 with Vitalik tomorrow.

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

-----

Covered:

1. WTF ARE YAMS
2. DEX VOLUME INSANE

PART 2: (COMING TOMORROW - ETH SUPPLY GATE) Special guest Vitalik Buterin

We show: 

1. Post introducing YAMS
2. Active YAM farms
3. YAM farm contracts
4. AmpleForth Geyser
5. $34B annualized in Uniswap volume
6. Uniswap eating DeFi

--- Episode Actions:

1. Catch tomorrows episode with Vitalik on ETH Supply
2. Watch what's going on with YAM contracts
3. Check out DEX stats

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

-----

Don't stop at the show!

Subscribe to the Bankless newsletter program http://bankless.substack.com/

Visit the official Bankless website for resources http://banklesshq.com/

Follow Bankless on Twitter https://twitter.com/BanklessHQ

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

STATE OF THE NATION #9 (Part 1) - Tuesday, August 12, 2020

Watch on the Bankless YouTube Channel

The State of the Bankless Nation is....PROPAGATING! The bankless boys discuss why. This is Part 1 of SOTN this week.

Stay tuned for Part 2 with Vitalik tomorrow.

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade!

Episode: #25 August 10, 2020

-----

Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees! (use "Bankless" for VIP4 status & trades at 6bps!)
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS") (Read this on IRAs and 401ks)

----

Andre Cronje calls himself just another DeFi dev, but you can't help but wonder, is he's underselling himself with that title?

In a few short months he single-handedly created a fleet of DeFi yield farming money robots that locked up over $400m in assets in his yearn protocol. He launched a YFI token that grew in value by over 1,000% in its first week, one of the most explosive price charts crypto has ever seen.

No pre-mine, no VC, no founders reward.

Maybe a better title is King of the Yield Farmers.

DeFi's Satoshi.

Who is this guy?

What did he build and why is it brilliant?

Why did YFI go from $3 on July 17th to $5000 on August 8th?

This is everything you need to know about yearn, YFI, and Andre.

We cover:

• How Andre's really feeling
• What's up with "I test in prod"
• Why high YFI price can be bad
• How Yearn automates yield farming
• Andre's money robots
• Incenting strategy writers
• Risks of yearn
• Launching YFI to scale
• Why people buy YFI
• Organic governance
• Is Andre The Joker?
• What's coming next

Join us next Monday for a fresh episode!

----- Resources discussed:

• yearn protocol
• yearn governance
• yfi price chart
• Acronym helper:
  • LP = liquidity provider
  • yearn (or "Y-earn") = Andre's protocol
  • cUSD, cDAI = stablecoins in Compound
  • TLV = total locked valued in a DeFi protocol
  • Look up other assets on DeFiMarketCap

----- Episode Actions:

1. Try yearn protocol - "tested in prod" you could lose it all
2. Get involved in yearn governance
3. Listen to SOTN#7 - YFI Token Magic w/ Daryl Lau

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

----- Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

----- Don't stop at the podcast!

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

----- Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.  Do your own research.

Episode: #25
August 10, 2020

-----

Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees!
  (use "Bankless" for VIP4 status & trades at 6bps!)
  
  
• Monolith - holy grail of bankless Visa cards
  
  
• Aave - money lego for lending & borrowing
  
  
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
  (Read this on IRAs and 401ks)

----

Andre Cronje calls himself just another DeFi dev, but you can't help but wonder, is he's underselling himself with that title?

In a few short months he single-handedly created a fleet of DeFi yield farming money robots that locked up over $400m in assets in his yearn protocol. He launched a YFI token that grew in value by over 1,000% in its first week, one of the most explosive price charts crypto has ever seen.

No pre-mine, no VC, no founders reward.

Maybe a better title is King of the Yield Farmers.

DeFi's Satoshi.

Who is this guy?

What did he build and why is it brilliant?

Why did YFI go from $3 on July 17th to $5000 on August 8th?

This is everything you need to know about yearn, YFI, and Andre.

We cover:

• How Andre's really feeling
• What's up with "I test in prod"
• Why high YFI price can be bad
• How Yearn automates yield farming
• Andre's money robots
• Incenting strategy writers
• Risks of yearn
• Launching YFI to scale
• Why people buy YFI
• Organic governance
• Is Andre The Joker?
• What's coming next

Join us next Monday for a fresh episode!

-----
Resources discussed:

• yearn protocol
• yearn governance
• yfi price chart
• Acronym helper:
  • LP = liquidity provider
  • yearn (or "Y-earn") = Andre's protocol
  • cUSD, cDAI = stablecoins in Compound
  • TLV = total locked valued in a DeFi protocol
  • Look up other assets on DeFiMarketCap

-----
Episode Actions:

1. Try yearn protocol - "tested in prod" you could lose it all
2. Get involved in yearn governance
3. Listen to SOTN#7 - YFI Token Magic w/ Daryl Lau

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

-----
Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

-----
Don't stop at the podcast!

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

-----
Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.  Do your own research.

STATE OF THE NATION #8 - Tuesday, August 4, 2020

Watch on the Bankless YouTube Channel The State of the Bankless Nation is....PUMPED! The bankless boys discuss why.

Plus a special announcement...introducing $BAPS

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

-----

Covered:

1. ETHSCAPE SHIRTS TOPIC
2. ETH2 COMING TOPIC
3. BULL MARKET MENTALITY

We show: 

1. The democratization of value (article on scarce product tokens) 
2. RAC launch of $TAPE
3. Introducing Bankless Apparel
4. Bankless Apparel Season 0 - Ethscape Shirt
5. Bankless Apparel website
6. Delphi Digital Ethereum report

--- Episode Actions:

1. Grab one for the first 50 BAPs!

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

-----

Don't stop at the show!

Subscribe to the Bankless newsletter program http://bankless.substack.com/

Visit the official Bankless website for resources http://banklesshq.com/

Follow Bankless on Twitter https://twitter.com/BanklessHQ

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.