Bankless

Episode: #12
May 18, 2020

When someone gives you money how confident are you that it's really yours? That's a settlement guarantee. It operates at the base layer of our societal tech stack and usually requires law and nation-states to enforce. With crypto we have something new, we have settlement assurances. That changes everything.

Protocols with higher settlement assurances are more dense. They sink to the bottom of our societal tech stack and become the foundation for everything else. This is the protocol sink thesis, that DeFi protocols with the highest settlement assurance will become the base layer..the base layer for crypto banks, commercial banks, and even nation-state banks.

When enough value is locked and enough time has passed, the money protocols win. That's what the thesis predicts!

Dive into the protocol sink thesis w/ Ryan & David!

We cover:

• Settlement guarantees through time
• Legal system settlement & traditional finance
• Why protocol settlement changes everything
• Protocol Sink Thesis ("How DeFi Wins")
  • Why Trusted things get built on
  • How DeFi protocols sink
  • Time Value Locked as the meter stick
• How to test the thesis
• The transition to long-term thinking

Understanding this thesis will help you become a better crypto investor.

Before the episode begins we also talk about:

• ETH FUTURES!
• Grammy-award winner RAC issues on Ethereum

-----

Tools from our sponsors to go bankless:

• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• DYDX - trade, margin, BTC perpetuals (10% off with this link)
  (trade.dydx.exchange/r/bankless)

-----
Resources discussed:

• (Article) It's the Settlement Assurances Stupid
• (Article) Crypto-fiat: mutualistic or parasitic?
• (Article) Great protocol sink
• (How-to) How to buy $TAPE token
• (VIDEO) David's Settlement Assurances talk

-----
Episode Actions:

1. Watch David talk about this at Ethereal 
2. Watch for evidence of protocol sink thesis:
   
   • Crypto exchanges add DeFi protocols
   • Trustless stablecoins like DAI taking from USDT
   • Stablecoins issued on public chains like Ethereum
   • More value flowing into BTC and ETH
3. Give Bankless a 5-star review on iTunes right now!

-----
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Leave a review on iTunes

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Visit official Bankless website for resources

Follow Bankless on Twitter | YouTube

Follow Ryan on Twitter

Follow David on Twitter

Episode: #11 May 11, 2020

Your savings account, your high-yield bank deposits, a CD. Can we replace these bank functions with a protocol? 

Compound seems to think so. Compound is a two-sized money robot that provides borrowing and lending to create something new: interest. Learn what it does, why it's powerful, and how it's evolving as we talk with Robert Leshner. We even ask if there's a way for the community to get its hand on some Comp tokens and start shaping the future of the protocol.

We cover:

• What you can do w/ Compound
• Power of programmable interest
• How Compound's different than:
  • WellsFargo (traditional banks)
  • Maker (other procotols)
  • BlockFi (crypto banks)
• If crypto banks will out-compete DeFi
• How you can get COMP tokens
• Future of protocol politicians
• The protocol sink thesis
• Robert's biggest fear for DeFi
• How the Bankless community can help

This is our final of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Catch up on Episode 10 and Episode 9 if you missed them.    Before the episode begins we also talk about:

• Tron stealing our tax money
• What wBTC backing means for DAI

-----

Tools from our sponsors to go bankless:

• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• DYDX - trade, margin, BTC perpetuals (10% off with this link) (trade.dydx.exchange/r/bankless)

----- Resources discussed:

• Compound protocol - interface
• Dharma - build on Compound
• Compound governance - interface
• Ryan's voting record - two votes!
• Read:
  • How to get a Dai savings Rate - include Compound

----- Episode Actions:

1. Try earning interest on Compound
2. Stay tuned for governance opportunities:
   • Here's how Bankless plans to govern
3. Give Bankless a 5-star review on iTunes right now!

----- 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

Visit official Bankless website for resources

Follow Bankless on Twitter | YouTube

Follow Ryan on Twitter

Follow David on Twitter

Your savings account, your high-yield bank deposits, a CD. Can we replace these bank functions with a protocol? 

Compound seems to think so. Compound is a two-sized money robot that provides borrowing and lending to create something new: interest. Learn what it does, why it's powerful, and how it's evolving as we talk with Robert Leshner. We even ask if there's a way for the community to get its hand on some Comp tokens and start shaping the future of the protocol.

Episode: #10 May 4, 2020

Uniswap isn't a bank, isn't a company, isn't a website. It's a liquidity robot, an unstoppable trading layer for the bankless money system, the first of its kind. Ryan & David talk with Caleb Sheridan about using Uniswap for trade & profit, its ability to serve as a public good for the Ethereum economy, and the coming liquidity robot wars.   

We cover:

• An explanation of Uniswap in 10 sentences
• What you can do on Uniswap
  • Trading
  • Suppling liquidity (for profit!)
  • Listing assets
  • Bootrapping liquidity
  • Funding projects
• Why Uniswap succeeded where others failed
• If Uniswap is really unstoppable
• In what ways Uniswap is a 10x improvement
• The coming Liquidity Robot Wars
• Uniswap as an price Oracle
• The end game

This is our second of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Stay tuned for the final episode!   Before the episode begins we also talk about:

• The Coinbase Oracle
• The UMA token sale on Uniswap

-----

Tools from our sponsors to go bankless:

• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• DYDX - trade, margin, BTC perpetuals (10% off with this link) (trade.dydx.exchange/r/bankless)

----- Resources discussed:

• Uniswap Exchange
• Pools.fyi - check Uniswap returns
• Use Zap to one-click deposit to Uniswap Pool
• Read:
  • How to Make Money on Uniswap 
  • Uniswap is Infrastructure - David Hoffman
  • Rise of the liquidity robots
  • Constant Function Market Makers

----- Episode Actions:

1. Try a trade on Uniswap 
2. Become a liquidity provider on Uniswap and earn ETH

----- 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

Visit official Bankless website for resources

Follow Bankless on Twitter | YouTube

Follow Ryan on Twitter

Follow David on Twitter

Episode: #10
May 4, 2020

Uniswap isn't a bank, isn't a company, isn't a website. It's a liquidity robot, an unstoppable trading layer for the bankless money system, the first of its kind. Ryan & David talk with Caleb Sheridan about using Uniswap for trade & profit, its ability to serve as a public good for the Ethereum economy, and the coming liquidity robot wars.   

We cover:

• An explanation of Uniswap in 10 sentences
• What you can do on Uniswap
  • Trading
  • Suppling liquidity (for profit!)
  • Listing assets
  • Bootrapping liquidity
  • Funding projects
• Why Uniswap succeeded where others failed
• If Uniswap is really unstoppable
• In what ways Uniswap is a 10x improvement
• The coming Liquidity Robot Wars
• Uniswap as an price Oracle
• The end game

This is our second of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Stay tuned for the final episode!   Before the episode begins we also talk about:

• The Coinbase Oracle
• The UMA token sale on Uniswap

-----

Tools from our sponsors to go bankless:

• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• DYDX - trade, margin, BTC perpetuals (10% off with this link)
  (trade.dydx.exchange/r/bankless)

-----
Resources discussed:

• Uniswap Exchange
• Pools.fyi - check Uniswap returns
• Use Zap to one-click deposit to Uniswap Pool
• Read:
  • How to Make Money on Uniswap 
  • Uniswap is Infrastructure - David Hoffman
  • Rise of the liquidity robots
  • Constant Function Market Makers

-----
Episode Actions:

1. Try a trade on Uniswap 
2. Become a liquidity provider on Uniswap and earn ETH

-----
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

Visit official Bankless website for resources

Follow Bankless on Twitter | YouTube

Follow Ryan on Twitter

Follow David on Twitter

Episode: #9 April 27, 2020

Ryan & David talk with Mariano Conti about Dai, Maker, & his epic bankless journey. Learn how Maker can help you go bankless through this conversation with Mariano.

We talk:

• Mariano's life in midst of Argentina's capital controls
• Why Mariano moved from Bitcoin to DAI and Ether
• The components of Maker including:
  • DAI (stability)
  • Vault/CDP (credit)
  • Dai Savings Rate (interest)
  • Governance (MKR token)
• Centralization risks of Maker
• Is Maker the last say on decentralized stablecoins?
• What's it going to take to see 1m people into DAI?

This is our first of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Stay tuned for the next two episodes!   Before the episode begins we also talk about:

• The Lendfme hack & what it implies
• Insanity of negative oil prices! 

-----

Tools from our sponsors to go bankless:

• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• Zerion - portal to your DeFi portfolio

----- Resources discussed:

• VIDEO: How I Survive Argentina's 50% Inflation - Mariano
• PODCAST: Rise of MakerDAO: A Personal Journey - Mariano
• Learn how Brice pays for his lunches with DAI - Bankless
• Follow Mariano's on Twitter 

----- Episode Actions:

1. Check out Maker protocol
2. How to get a DAI Savings Account - Bankless Tactic 23
3. Give Bankless podcast 5 stars in iTunes!

----- 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

Visit official Bankless website for resources

Follow Bankless on Twitter | YouTube

Follow Ryan on Twitter

Follow David on Twitter

Mariano Conti is the head of smart contracts at the Maker Foundation. He also has been living a bankless life for many years because of crypto!

Episode: #8 April 20, 2020

Where the rubber meets the road... this episode is all about both the mental mindset and the actual tools needed to go Bankless.    Bankless is a state of mind! It's a lifestyle centered around independence and freedom! This episode discusses the tools that you can use in your life to support that mindset and enable Bankless growth.  How to go bankless:

1. Start with why (“goals”)
2. Set a weekly plan (“process”)
3. Start doing things (“implement”)
4. Measure outcomes (“measure”)

-----

Tools from our sponsors to go bankless:

• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• Zerion - portal to your DeFi portfolio

----- Episode Actions:

1. Set goals & commit to level-up weekly
2. Read articles:
   • How to dollar cost average into crypto
   • The crypto money portfolio
   • Bankless level up guide
3. Download Argent Wallet
4. Set up your own ENS name
5. Give Bankless 5 stars on iTunes

----- 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

Visit official Bankless website for resources

Follow Bankless on Twitter | YouTube

Follow Ryan on Twitter

Follow David on Twitter

Where the rubber meets the road... this episode is all about both the mental mindset and the actual tools needed to go Bankless. 

Bankless is a state of mind! It's a lifestyle centered around independence and freedom! This episode discusses the tools that you can use in your life to support that mindset and enable Bankless growth.

Where the rubber meets the road... this episode is all about both the mental mindset and the actual tools needed to go Bankless. 

Bankless is a state of mind! It's a lifestyle centered around independence and freedom! This episode discusses the tools that you can use in your life to support that mindset and enable Bankless growth.