Mission: DeFi

Mission: DeFi

By Brad NickelTechnology
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Mission: DeFi episodes

  • Mission DeFi EP 67 - Is your DAO safe from regulators? - Yev Muchnik & Jacqueline Radebaugh discuss forming DAOs as cooperatives

    Video version of this show is available at https://www.missiondefi.com/daos-as-cooperatives

    Did you form a DAO without registering an entity? You are likely personally liable if you did. 

    Even if you registered an entity like an LLC for your DAO, you very likely are going to face regulatory compliance issues if you haven't had legal help to navigate.

    The regulatory picture in the US for DAOs is murky at best, but there is one way to make things potentially clearer and safer for everyone involved. Cooperatives have been around for a very long time and are an excellent match to many of the DAOs that exist today. In this episode attorneys Yev and Jacqueline that are experts in cooperative and crypto regulatory compliance make the case that a cooperative registration in Colorado may be a superior way to setup a DAO. 

    Besides being a strong philosophical match for the purpose of DAOs, they can also provide securities exemptions and more. We get into the how and why of cooperatives.

    Yev Muchnik

    • Twitter: https://twitter.com/MuchnikYev
    • LinkedIn: https://www.linkedin.com/in/yevmuchnik
    • Website: https://www.techlawstartup.com/

      • Jacqueline R. Radebaugh

      • My LinkedIn: https://www.linkedin.com/in/jacquelineradebaugh/
      • My Twitter handle: https://twitter.com/JacqR5
      • My firm’s Twitter: https://twitter.com/jwpcPBC
      • My firm’s LinkedIn: https://www.linkedin.com/company/jason-wiener-p-c/
      • My firm’s website: https://jrwiener.com/

        • This is not legal advice. Our guests are not your attorneys. If you need legal advice consult with a qualified attorney. 

        This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. 

        58 min
      • DeFi Lunch (Ep 171) - August 2, 2022 - @Nomad Hack/Looting / @debtdao / Reaper Hack / ETHPoW vs ETH2 & how to make $ / Craig Wright / Miners don't plan ahead / @BinanceUS Delists /
        • Explaining the Nomad bridge hack - https://twitter.com/0xfoobar/status/1554269047176548353?s=20&t=pt8xXXCRW9xSW1UXt_pTWg
        • Reaper Farm Hack - https://twitter.com/PeckShieldAlert/status/1554423041232629761
        • ETHPoW vs ETH2 clever trading hacks - https://blog.bitmex.com/ethpow-vs-eth2/
        • Miners should have planned in advance - https://twitter.com/b05crypto/status/1554454192927957001?s=20&t=m8ZAWKsq0X_DpDvO4fHt9A
        • Craig Wright wins 1£ LMAO - https://bitcoinist.com/judge-peter-mccormack-1-in-damages-craig-wright/
        • Binance US Delists Token After SEC Labels it a Security - https://blockworks.co/binance-us-delists-token-after-sec-labels-it-a-security/
        • Debt DAO is creating a decentralized, permissionless marketplace to buy, sell, underwrite and manage debt for the DeFi economy - https://debtdao.finance/

          • Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more.  

          This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.

          1 hr 1 min
        • DeFi Lunch (Ep 170) - August 1, 2022 - @XBT3D expects more down from here and explains the data that leads him to that conclusion.

          Awesome episode where XBT3D (Sean) explains in great detail how we probably aren't done with downward pressure on price and backs it up with market data and analysis. Do not miss the wisdom.

          Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more.  

          This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.

          1 hr 7 min
        • Mission DeFi EP 66 - Has $DYAD solved the algo stablecoin problem? Founder Joey Roth (@joeyroth) explains the gamified power behind his project.

          Project Name: DYAD

          Guest Name: Joey Roth

          Guest Twitter: https://twitter.com/joeyroth

          Is this the first truly decentralized stablecoin?

          Radically decentralized DYAD may just solve the problem we've had with getting to an algorithmic stablecoin that is fundamentally decentralized and actually stable.

          Asfi's tweet that got me interested in the concept: https://twitter.com/Asfi3333/status/1551708253897105408

          • 0:46 - Joey's background in hardware design and how it applies to DeFi development
          • 4:54 - How he moved into DeFi
          • 5:30 - How a mechanical engineering background ties nicely into smart contract development
          • 6:07 - Radically decentralized protocol
          • 9:00 - Hired quants to model it out for the future
          • 10:00 - Do people or his family think he is nuts?
          • 12:51 - How he came up with the idea and why he decided to solve the problem of stablecoins
          • 14:00 - All stablecoins are flawed.
          • 16:10 - What it is and how it works
          • 16:50 - The prime directive of the protocol is at any time can exchange 1 DYAD for 1 USD worth of ETH
          • 32:20 - Why it is better to deploy than fork on another chain and why DYAD will encourage it
          • 49:00 - How XP plays a critical role in the platform
          • 51:00 - Gamifying the system and the leaderboard
          • 51:38 - Dynamic NFTs based on your score / position in the leaderboard
          • 59:00 - How they are raising funds fairly and being radically decentralized
          • 1:02:04 - Investors liquid on day one and no impact on the protocol if they dump
          • 1:02:56 - What he worries about
          • 1:05:30 - Audit schedule
            • ---
            Support this podcast: https://anchor.fm/missiondefi/support
            1 hr 24 min
          • DeFi Lunch (Ep 169) - July 29, 2022

            $ETH & $BTC still toying with a move up, but voices of doom are expecting a massive crash to $300 or $400 for ETH

            This is a really big deal... @getswype launches fiat integration with @GnosisSafe. DAOs can now initiate wire/ACH payments on chain via governance through an insured virtual account. This solves a huge problem.

            https://twitter.com/getswype/status/1552404322947944448

            @FantomFDN killing it with built in security tools for devs

            https://twitter.com/stelyb/status/1552672795746004994?s=28&t=XVf_NOLz0I_K-1fvz5076A

            #Bitcoin mining could make use of 265 billion cubic meters of wasted natural gas emissions at drilling sites. Bitcoin only needs 25 billion.@ARKInvest team reports that

            https://twitter.com/skorusARK/status/1551643114179362816

            KuCoin CEO wants to FUD the FUD with a FUD FUND

            https://yellowblock.io/kucoin-ceo-announces-fund-targeted-at-tackling-fud-in-crypto/

            Mirror buried the lede on their subscriptions capability launch. They seem to be starting a wallet...

            https://twitter.com/viamirror/status/1551976045997432836?s=21&t=LpoHS4IXDawjZ0ebtGBisQ

            https://dev.mirror.xyz/Jn62zF5n62BfowdaFgm3uIx3Fgp2vIR7b-HTSxKVXqk

            SushiSwap's new ‘Head Chef’(if approved) is gonna make some serious tuna

            https://thedefiant.io/sushiswap-head-chef-may-pocket-a-third-of-all-tokens-paid-to-staff/?utm_source=substack&utm_medium=email

            Ignas | DeFi Research fires of the future of DeFi in an awesome thread.

            https://twitter.com/defiignas/status/1551918576533090304?s=28&t=LCwgz0k77DJNTqR3uuVmJw

            The last step before nirvana?

            https://blog.ethereum.org/2022/07/27/goerli-prater-merge-announcement/

            The Inflation Reduction Act of 2022 (pdf)

            https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf

            Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more.  

            This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.

            55 min
          • DeFi Lunch (Ep 168) - July 28, 2022 - @AndrewYang @Fwd_Party @GovCTW @Lobby3_DAO / #ETH Blowing up / @PeterMcCormack @udiWertheimer @WhatBitcoinDid / @FantomFDN fund vote / @forefront__'s Terminal
            • $ETH is blowing up. Outpacing $BTC in price growth. Merge
              • 7 Days: 13.77%
              30 Days: 45.18%         
            • @AndrewYang announced the merger of @Fwd_Party with 2 other ind parties & co-chairing with @GovCWT. Forward was already pro-crypto and this bodes well, since 62% of Americans want another party choice.
              • https://www.reuters.com/world/us/exclusive-former-republicans-democrats-form-new-third-us-political-party-2022-07-27/

              My interview with Andrew about his crypto lobbying org @Lobby3_DAO
              https://bit.ly/mdandrewyang[...]         
            • Awesome thoughtful discussion on Bitcoin maximalism with @PeterMcCormack & @udiWertheimer on @WhatBitcoinDid         
              • https://www.youtube.com/watch?v=97-hufd4M7s
            • Is bitcoin still a hedge on inflation with the current market correlations? Gold?          
            • Fantom ( @FantomFDN ) community decides to use burn fee to fund ecosystem projects
              • https://www.theblock.co/post/159803/fantom-community-decides-to-use-burn-fee-to-fund-ecosystem-projects?utm_source=twitter&utm_medium=social[...]         
            • Brad's apology to the @LidoFinance community after rant the other day.
            • CoolCryptoTool
              • @forefront__'s Terminal is an awesome tool to dive into DAOs and their healthhttps://www.terminal.co/
            • @topl_protocol is a purpose built blockchain for recording sustainability efforts for enterprises. We discussed whether the world needs it and by the end may have concluded we do.
              • https://www.topl.co/[...]         
               
            • The modern way to trade ancient assets? What? Turns out it is actually a great idea.
              • https://twitter.com/PharaohFi
              https://medium.com/@pharaohfinance1/how-ancient-assets-have-changed-the-world-ec1f4bb78ffaWhat happened to Oasis blockchain?
            • UPenn’s Wharton School rolls out online certificate course on business in the Metaverse
              • https://cointelegraph.com/news/upenn-s-wharton-school-rolls-out-online-certificate-course-on-business-in-the-metaverse?utm_source=Telegram&utm_medium=social
              55 min
            • DeFi Lunch (Ep 166) - July 26, 2022 - $FTT as Buy? / ETH Inflows / VCs bet big / Reg Compliant Oracles? / Republic DAOs? - Do DAOs need adult supervision? / Chain usage regionally /
              • Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend - https://www.newsbtc.com/news/ethereum/ethereum-weekly-exchange-net-flow-points-to-growing-accumulation-trend/
              • Cryptoverse: What crisis? Venture capitalists bet big on crypto - https://www.channelnewsasia.com/business/cryptoverse-what-crisis-venture-capitalists-bet-big-crypto-2835776
              • Joe's idea to add FTX to the list of buy and hold potentials - https://ftx.com/intl/ftt
              • Regulatory compliant pricing oracles to allow new institutional investment opportunities - https://cryptoslate.com/regulatory-compliant-pricing-oracles-to-allow-new-institutional-investment-opportunities/
              • What metaverse platform actually has retained users with significant daily or weekly usage per user? - https://twitter.com/b05crypto/status/1551728639464673281?s=20&t=l6bhsAEyBXmJmLfEpcrcgw
              • Do we need a Republic structure for DAOs instead of the community voting? Screwing their own projects out of spite - LidoDAO says no to selling $14.5M in LDO tokens to Dragonfly Capital - https://cointelegraph.com/news/lidodao-rejects-sale-of-10m-ldo-tokens-to-dragonfly-capital?utm_source=Telegram&utm_medium=social
              • Japan Ministry of Economy launches Web3 policy office - https://cointelegraph.com/news/japan-ministry-of-economy-launches-web3-policy-office
              • 74% of public agencies feel under-equipped for crypto investigations: Report - https://cointelegraph.com/news/74-of-public-agencies-feel-under-equipped-for-crypto-investigations-report?utm_source=Telegram&utm_medium=social
              • Coinmetrics data on usage of particular chains in different parts of the world - https://twitter.com/coinmetrics/status/1551927021567201280
              • Asfi on DYAD - https://twitter.com/Asfi3333/status/1551708253897105408?s=20&t=UtsHm6FHGmHQQtk9Bo5Clw
                • 57 min
              • DeFi Lunch (Ep 165) - July 25, 2022
                • Web5 is a threat? - https://twitter.com/b05crypto/status/1551548331641405442?s=20&t=rSRSrr7YiCLvDYqGHQkWkQ
                • Tether, Bitfinex aim at building a new internet with P2P app Keet - https://cryptoslate.com/tether-bitfinex-aim-at-building-the-next-internet-with-p2p-app-keet/
                • Sushi launches cross chain swaps - https://sushi.com/blog/sushi-xswap-a-crosschain-dexhttps://sushi.com/swap?srcToken=FTM&dstToken=MATIC&srcTypedAmount=10000&srcChainId=250&dstChainId=137
                • Economic Sentiment Improves For The Second Reading In A Row - https://hamiltonplacestrategies.com/analysis/economic-sentiment-improves-for-the-second-reading-in-a-row/
                • What do you remember being scary or confusing when you first started in DeFi? - https://twitter.com/b05crypto/status/1551199442069495810?s=20&t=rSRSrr7YiCLvDYqGHQkWkQ
                • UK Largest Bank To Invest in Crypto Firm Copper.co, Report Shows - https://coinquora.com/uk-largest-bank-to-invest-in-crypto-firm-copper-co-report-shows/
                • Announcing Druglike - a Web3 Drug Discovery Platform - Martin Shkreli wants to find a new way to screw over and kill sick people - https://www.newswire.com/news/announcing-druglike-a-web3-drug-discovery-platform-21779057
                • FTX To Reportedly Acquire Crypto Exchange Bithumb - https://watcher.guru/news/ftx-to-reportedly-acquire-crypto-exchange-bithumb?utm_source=tldrnewsletter
                • FTX offer to Voyager was brilliant - https://twitter.com/b05crypto/status/1551413657338368001?s=20&t=rSRSrr7YiCLvDYqGHQkWkQ

                  • Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more.  

                  This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.

                  1 hr 2 min
                • DeFi Lunch (Ep 164) - July 22, 2022

                  Crypto to reach 1 billion users in 2030: BCG Report - https://cointelegraph.com/news/crypto-to-reach-1-billion-users-in-2030-bcg-report

                  Crowdhealth - https://www.joincrowdhealth.com/bitcoin

                  Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the 'Biggest Hike in Decades’ - https://news.bitcoin.com/analysts-suspect-the-fed-will-bump-federal-funds-rate-by-75-bps-next-week-others-predict-the-biggest-hike-in-decades/

                  South Korea Delays 20% Cryptocurrency Tax To 2025 - https://www.benzinga.com/markets/cryptocurrency/22/07/28156917/south-korea-delays-20-cryptocurrency-tax-to-2025

                  Philippine central bank governor says no plan to ban crypto - https://forkast.news/philippine-central-bank-governor-no-to-ban-crypto/

                  Coinbase denies listing securities, says SEC should provide regulatory framework - https://cryptoslate.com/coinbase-denies-listing-securities-says-sec-should-provide-regulatory-framework/

                  SEC listing 9 tokens as securities in insider trading case ‘could have broad implications’ — CFTC - https://cointelegraph.com/news/sec-listing-9-tokens-as-securities-in-insider-trading-case-could-have-broad-implications-cftc


                  54 min
                • DeFi Lunch (Ep 163) - July 21, 2022 - Special Guest: Ash - @investindigital from @desoprotocol & @daodao_io - A social media focused L1 chain & Dao in a box

                  Brad and Joe had an in depth chat with the head of growth from Deso Protocol and DaoDao on their approach to building a social media focused layer 1 blockchain and making it easy for anyone to launch a Dao for crowdfunding, community building, governance, and more. 

                  Guest: Ash - https://twitter.com/investindigital

                  Projects:

                  DaoDao

                  DaoDao Twitter: https://twitter.com/daodao_io

                  Dao Dao URL: https://daodao.io/

                  Deso Protocol

                  Deso Twitter: https://twitter.com/desoprotocol

                  Deso Protocol URL: https://www.deso.org/

                  58 min

                About Mission: DeFi

                From the publisher's feed

                Mission DeFi showcases innovation in the DeFi ecosystem. Our mission is to advance the cause of freedom that decentralized finance & cryptocurrencies like Ethereum, Bitcoin, and many others represent.