Fundamentals

In 15-minute fundamentals, we interview core protocol contributors & together dive into the details behind the charts available on Token Terminal. In this episode, we dive into the world of Axie Infinity with Co-founder Jeff (Jiho) Zirlin. We discuss the Ronin chain, Axie's two-token model, ensuring the long-term sustainability of Axie's economy, what the future has in store, and more!

Axie Infinity's dashboard: https://tokenterminal.com/terminal/projects/axie-infinity

Site: https://axieinfinity.com/

Docs: https://whitepaper.axieinfinity.com/

Twitter: https://twitter.com/AxieInfinity

Jeff's Twitter: https://twitter.com/Jihoz_Axie

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

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💬 Join our Discord: 

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► https://tokenterminal.substack.com/

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Timestamps:

00:00 Intro

01:00 What is Axie Infinity?

01:40 What is the Ronin chain and why was it built?

02:48 The economics of web3 gaming

04:22 Two-token model: What are $AXS and $SLP

05:56 Axie's revenue streams

06:43 Runes and Charms

07:54 Ensuring the long-term sustainability of the Axie economy

09:12 Onboarding users and lowering the barriers to entry

11:48 User activity in the bear market

13:25 Developer activity: What is in the works?  

15:25 Communication in a bear market

15:59 What's next for Axie Infinity?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of our website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#TokenTerminal #AxieInfinity #SkyMavis

Michael Bentley, CEO & Co-Founder of Euler Labs – the team behind the non-custodial lending protocol Euler – joined us for an episode to discuss the latest market developments and how they’ve affected the DeFi lending market, the drivers behind Euler’s growth, what the team is currently working on, the Euler DAO, bad debt in DeFi, feeless flash loans, the Eulerswap AMM, and more.

Euler's dashboard: https://tokenterminal.com/terminal/projects/euler

Euler:

Site: https://www.euler.finance/

Docs: https://docs.euler.finance/

Twitter: https://twitter.com/eulerfinance

Michael: https://twitter.com/euler_mab

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

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💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

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📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

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Timestamps:

00:00 Introduction

01:23 The past year at Euler

02:42 The drivers behind Euler’s growth in the bear market

04:27 The risks that volatile and illiquid markets present to DeFi

07:57 Bad debt in DeFi

09:59 The Euler DAO

11:20 Feeless flash loans

14:30 EulerSwap AMM

19:59 What's next for Euler?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#EulerFinance #DeFi #TokenTerminal #crypto

Miller Whitehouse-Levine, Policy Director at DeFi Education Fund (DEF) – a non-profit organisation that explains decentralized finance to policymakers around the world and advocates for policies welcoming of decentralized financial infrastructure – joined us for an interview to walk through the basics of DEF and the important role that Policy work plays within crypto.

DeFi Education Fund: https://www.defieducationfund.org/

Twitter (DEF): https://twitter.com/fund_defi

Twitter (Miller): https://twitter.com/millercwl

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

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💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

-----------------------------------------

📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

-----------------------------------------

Timestamps:

00:00 Introduction

00:51 What is the DeFi Education Fund (DEF)?

03:10 What problems is DEF aiming to solve?

06:09 What do DEF’s lobbying efforts include in practice?

07:10 Legal firepower

09:30 Who is working at DEF?

10:27 Who else is working on similar things?

11:26 How can other industry participants help DEF?

12:40 Upcoming milestones & what’s next for DEF

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#DeFiEducationFund #DeFi #Policy #TokenTerminal #crypto

Smit Vachhani, Head of DeFi at OP Labs, the team behind Optimism – a Layer 2 scaling solution for Ethereum – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with Smit we discuss the basics of what Optimism is, how it works, how it's positioned within the Ethereum ecosystem and broader Layer 2 landscape, current growth drivers, challenges, and plans for the future.

Optimism’s dashboard: https://tokenterminal.com/terminal/projects/optimism

Optimism: https://www.optimism.io/

Twitter (Optimism): https://mobile.twitter.com/optimismFND

Twitter (OP Labs): https://mobile.twitter.com/oplabspbc

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

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💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

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📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

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Timestamps:

00:00 Introduction

01:15 What is Optimism?

02:57 Optimistic rollups & other scaling solutions

04:08 Optimism’s economic model

05:29 Fees & how they are used

06:43 Growth drivers & challenges

09:28 Onboarding 1 billion users

10:47 The OP airdrop #1

12:35 Partnerships & their role

13:49 Are L2s good for Ethereum?

14:49 What's next for Optimism?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#Optimism #OP #TokenTerminal #crypto #investing

JD Gagnon, Co-Founder & CEO of BENQI – a lending and liquid staking protocol on Avalanche – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with JD we discuss the basics of what BENQI is, how it works, how it's positioned within the market, growth drivers and challenges, and plans for the future.

BENQI’s dashboard: https://tokenterminal.com/terminal/projects/benqi

(note that the dashboard currently only tracks the metrics for BENQI's lending protocol. The liquid staking business line will be added soon.)

More information on veQI: https://docs.benqi.fi/benqi-liquid-staking/veqi

BENQI: https://benqi.fi/

Twitter: https://twitter.com/BenqiFinance

JD’s Twitter: https://twitter.com/the_diamondrock

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

-----------------------------------------

💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

-----------------------------------------

📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

-----------------------------------------

Timestamps:

00:00 Introduction

01:10 What is BENQI?

02:22 BENQI Liquidity Market (BLM)

04:36 BENQI Liquid Staking (BLS)

06:27 Differences between (liquid) staking AVAX and ETH

08:43 Fees & business model

10:52 Growth drivers & business development focus areas

13:12 The QI token & veQI

15:13 User composition

17:22 What's next for BENQI?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#BENQI #AVAX #TokenTerminal #crypto #investing

Justin Trollip, CEO of Pangolin Exchange – a multi-chain decentralized exchange – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with Justin, we discuss the basics of what Pangolin is, how it works, how it's positioned within the exchange market, growth drivers and challenges, and plans for the future.

Pangolin’s dashboard: https://tokenterminal.com/terminal/projects/pangolin

Pangolin: https://pangolin.exchange/

Twitter: https://twitter.com/pangolindex

Justin’s Twitter: https://twitter.com/jtrollip

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

-----------------------------------------

💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

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📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

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Timestamps:

00:00 Introduction to the exchange market

01:30 What is Pangolin?

03:00 Main differentiator

03:55 Supported networks

04:44 Why Avalanche?

05:42 Fees & business model

06:42 Business development focus areas

08:59 Growth drivers and challenges

10:31 The subDAO model

12:48 Token incentives

14:26 What's next for Pangolin?

---

General info:

Pangolin is a fork of Uniswap V2 with more features built on top of it, that was initially launched on the Avalanche C-Chain.

The crypto exchange market is one of the most competitive within the space, and it can be split into two high-level categories: We have centralized exchanges, where Binance leads the pack with over 10s of billions in daily trading volume, followed by Coinbase and Kraken.

Then we have Decentralised exchanges such as UniSwap and dYdX, where the average daily trading volume has been hovering around 1bn dollars. 

To describe the market opportunity, the total trading volume in crypto is currently roughly around 100Bn dollars per day, and exchanges typically generate revenue by taking a fee from swaps made on their platform.

Comparing to traditional finance, monthly trading volume on for example the New York stock exchange is in excess of $1.5 trillion per month. 

In this episode, we find out how Pangolin is positioned within this market, and what their plans are for the future.

---

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#Pangolin #Crypto #TokenTerminal #Investing #Finance

Paul Frambot, Founder & CEO of Morpho Labs – the company behind the lending pool optimization protocol Morpho – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with Paul we discuss the basics of what Morpho is, how it works, how it's positioned within the lending market, growth drivers and challenges, and plans for the future.

Morpho’s dashboard: https://tokenterminal.com/terminal/projects/morpho

Morpho: https://www.morpho.xyz/

Twitter: https://twitter.com/MorphoLabs

Paul’s Twitter: https://twitter.com/PaulFrambot

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

-----------------------------------------

💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

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📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

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Timestamps:

00:00 Introduction

01:42 What is Morpho?

02:30 How it works & the differences to other lending protocols 

05:46 Matching lenders and borrowers

07:32 Integrating additional lending protocols

08:15 How is Morpho positioned within the DeFi lending market?

09:59 Business model

12:09 Distributing rewards

12:56 The MORPHO token

14:00 Business development focus areas, drivers & challenges

15:22 What’s next for Morpho?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#Morpho #Crypto #TokenTerminal #Investing #Finance

Krunal Amin, Founder & CEO of UniDex - a non-custodial exchange and aggregator for perpetual contracts - joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with Krunal we discuss the basics of what UniDex is and how it's positioned within the exchange market, current products and their features, growth drivers and challenges, and plans for the future.

UniDex’s dashboard: https://tokenterminal.com/terminal/projects/unidex

UniDex: https://www.unidex.exchange/

Twitter: https://twitter.com/UniDexFinance

Krunal’s Twitter: https://twitter.com/kishanamin97

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

-----------------------------------------

💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

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📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

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📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

-----------------------------------------

Timestamps:

00:00 Introduction

01:03 What is UniDex?

01:42 Core products & their features

04:11 How is UniDex positioned within the trading market?

05:47 Business model

06:38 The UNIDX token

07:46 Growth drivers and challenges

10:00 User activity

10:55 Business development focus areas 

11:47 Expanding UniDex into its own 'App Chain' on Cosmos

13:34 What’s next for UniDex?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#UniDex #Crypto #TokenTerminal #Investing #Finance

Kirill Kutakov, Co-founder of StakeWise - an Ethereum liquid staking protocol - joined us for an an episode of 15-minute fundamentals to discuss the basics of; what StakeWise is and how it's positioned within the liquid staking market, onboarding institutions,plans for the future, and more.

You can also tune in to the extended version of our interview with Kirill here: https://youtu.be/BMXdfci9geA

StakeWise’s dashboard: https://tokenterminal.com/terminal/projects/stakewise

StakeWise: https://stakewise.io/

Twitter: https://twitter.com/stakewise_io

Kirill’s Twitter: https://twitter.com/kiriyha1

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

-----------------------------------------

💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

-----------------------------------------

📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

-----------------------------------------

📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

-----------------------------------------

Timestamps:

00:00 Introduction to the Ethereum liquid staking market

01:30 What is StakeWise?

02:54 StakeWise Pool & the dual-token model

07:40 StakeWise's business model

09:30 Growth drivers and challenges

11:18 Business development focus areas & onboarding institutions

15:37 What's next for StakeWise?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#Ethereum #StakeWise #Crypto #TokenTerminal #Investing #Finance

Kirill Kutakov, Co-founder of StakeWise - an Ethereum liquid staking protocol - joined us for an interview to dive into the details behind the charts available on Token Terminal. In this extended version of our interview with Kirill we discuss the basics of what StakeWise is and how it's positioned within the liquid staking market, current and previous products, onboarding institutions, addressing the centralization risks that come with liquid staking, and plans for the future.

StakeWise’s dashboard: https://tokenterminal.com/terminal/projects/stakewise

StakeWise: https://stakewise.io/

Twitter: https://twitter.com/stakewise_io

Kirill’s Twitter: https://twitter.com/kiriyha1

Make sure to leave a comment if you have any questions 🙌

📊 Token Terminal platform: 

► https://www.tokenterminal.com/

-----------------------------------------

💬 Join our Discord: 

►  https://discord.com/invite/tokenterminal

-----------------------------------------

📱 Follow us on Twitter:

► https://twitter.com/tokenterminal

-----------------------------------------

📩 Subscribe to our Newsletter:

► https://tokenterminal.substack.com/

-----------------------------------------

Timestamps:

00:00 Introduction to the Ethereum liquid staking market

01:30 What is StakeWise?

02:54 StakeWise Pool & the dual-token model

07:40 Why is StakeWise Solo no longer active?

10:34 StakeWise's business model

12:24 How are funds in the protocol’s treasury being used?

14:01 Growth drivers and challenges

15:50 Business development focus areas & onboarding institutions

20:10 Average deposit sizes on StakeWise

21:11 How StakeWise is addressing the centralization risks related to liquid staking services

25:05 What's next for StakeWise?

Crypto redefines the way businesses are built and operated.

Token Terminal gives you the tools to evaluate and track the most promising projects.

The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

#Ethereum #StakeWise #Crypto #TokenTerminal #Investing #Finance