Dan Elitzer, investor at IDEO CoLab Ventures, and Will Price, data scientist at Flipside Crypto, discuss the yield farming craze. In this episode, we cover:
the goals of protocols offering liquidity mining the goals of users yield farming right now whether users of Compound will have much awareness of COMP in the future how Compound is trying to dampen inorganic activity and properly align incentives how incentives in one DeFi protocol can screw up another's such as changes in Compound's liquidity mining program causing Dai to lose its peg whether the activity created by liquidity mining is sustainable and how whether Compound is overvalued and how to determine valuations for DeFi tokens the security risks that come with trying yield farming how teams can keep their protocols safe given the composability of DeFi and the growing number of developments in the space whether the yield farming craze will cause the price of ETH to rise and why the prevalence of stablecoins might prevent that whether new DeFi tokens could push flagging layer 1s out of the top 10 what will happen if even more Bitcoin comes to DeFi how the next big thing in DeFi might be trying to stack yield across protocols and eventually prime brokerage protocolsThank you to our sponsor!
Crypto.com: https://www.crypto.com
Episode links:
Dan Elitzer: https://twitter.com/delitzer
IDEO CoLab Ventures: https://www.ideocolab.com/ventures/
Will Price: https://twitter.com/will__price
Flipside Crypto: https://flipsidecrypto.com
Total value locked in Compound: https://defipulse.com/compound
What liquidity bootstrapping pools are: https://medium.com/balancer-protocol/building-liquidity-into-token-distribution-a49d4286e0d4
Dan on earning more from borrowing USDT than lending it on Compound: https://twitter.com/delitzer/status/1272642107128164354
Tony Sheng on how yield farming works and how much you can earn from it: https://twitter.com/tonysheng/status/1274393189231689728
And his followup on the risks of yield farming: https://twitter.com/tonysheng/status/1274780457729617920
The purpose of COMP for governance: https://medium.com/compound-finance/compound-community-ownership-ee0ed1252cc3
https://medium.com/compound-finance/expanding-compound-governance-ce13fcd4fe36
Risks of so much BAT being held in Compound: https://twitter.com/spencernoon/status/1276897377446776832?s=20
https://twitter.com/defiprime/status/1277026665952980992?s=20
https://twitter.com/devops199fan/status/1274732220192829441?s=20
Cyrus of MakerDAO concerned about the risks COMP poses to the Dai peg: https://forum.makerdao.com/t/upcoming-comp-farming-change-could-impact-the-dai-peg/2965
Dan Guido and Taylor Monahan on Unchained discussing DeFi security: https://unchainedpodcast.com/defi-security-with-so-many-hacks-will-it-ever-be-safe/
Twitter discussion on whether ETH price will rise due to yield farming: https://twitter.com/RyanSAdams/status/1274781676875452421
What will happen to other Layer 1s? https://twitter.com/Shaughnessy119/status/1274376237239189504?s=20
Aquaponic yield farming: https://bankless.substack.com/p/aquaponic-yield-farming
The Chopping Block: What Does Binance’s Record $4.3 Billion Settlement Mean for Crypto? - Ep. 573
Why Financial Advisors Are So Excited About a Spot Bitcoin ETF - Ep. 572
Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So - Ep. 571
How Much Money Are Terrorists Actually Raising in Crypto? - Ep. 570
The Chopping Block: Why Vivek Ramaswamy Wants Less Crypto Regulation - Ep. 569
How Can OpenSea Regain Dominance After Layoffs and the NFT Market Decline? - Ep. 568
The Chopping Block: Did Blur Cause a Decline in the NFT Market? - Ep. 567
A 20+ Year Sentence? Why the Evidence Against SBF Was Too Hard to Overcome - Ep. 566
Two Genesis Creditors Describe Their Frustrations With the Bankrupt Crypto Lender - Ep. 565
SBF Trial, Day 18: Sam Bankman-Fried Found Guilty on All 7 Counts in Swift Verdict
SBF Trial, Day 17: Closing Arguments Ask: ‘Villain or Good-Faith Actor?’
The Chopping Block: Nic Carter on Hamas’ Crypto Funding, SBF’s Courtroom Collapse, and Dramas Involving Lido and dYdX - Ep. 564
SBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words
SBF Trial, Day 15: Prosecutors Hammer Bankman-Fried’s Contradictions With Reams of Evidence
Why SBF's Testimony So Far Has Likely Already Doomed Him - Ep. 563
SBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection - Ep. 562
SBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers
The Chopping Block: Are We Back? The 'Low IQ' Response to the Potential Spot Bitcoin ETF - Ep. 561
Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 - Ep. 560
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Sarah Westall - Business Game Changers
The Economics Show with Soumaya Keynes
Wall Street Breakfast