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How to Earn Money on Collateral in DeFi — and Why That's Risky - Ep.063

How to Earn Money on Collateral in DeFi — and Why That's Risky - Ep.063

FromUnconfirmed


How to Earn Money on Collateral in DeFi — and Why That's Risky - Ep.063

FromUnconfirmed

ratings:
Length:
27 minutes
Released:
Mar 8, 2019
Format:
Podcast episode

Description

Dan Elitzer, investor at IDEO CoLab Ventures, describes a concept he describes as superfluid collateral made possible in the decentralized finance space. We talk about which DeFi projects make this possible, how one can make collateral liquid so that interest can be earned from it, and what kinds of tokens could both serve as debt and earn interest. (Surprisingly, even trading pairs, particularly on the Uniswap decentralized exchange, which exist as tokens, can do so!) Based on the growth of Uniswap and DeFi, there's more than $300 million in collateral on Ethereum, causing Dan to make a prediction that Uniswap pool shares could serve as collateral for millions of dollars in loans within months. However, he admits that such a system could be risky, and discusses how he thinks such risks should be managed. Thank you to our sponsors! CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Dan Elitzer: https://twitter.com/delitzer IDEO CoLab Ventures: https://www.ideocolab.com/ventures/ Dan's Medium post, Superfluid Collateral in Open Finance: https://tokeneconomy.co/superfluid-collateral-in-open-finance-8c3db15efac MakerDAO interview Part 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/ MakerDAO interview Part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/ Unchained interview about Compound: https://unchainedpodcast.com/how-youll-earn-interest-on-your-crypto-with-compound-ep-82/ Unchained interview about Dharma protocol: https://unchainedpodcast.com/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep-80/ Unchained interview about 0x: https://unchainedpodcast.com/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future/ Uniswap: https://uniswap.io
Released:
Mar 8, 2019
Format:
Podcast episode

Titles in the series (100)

Events in crypto take place at warp speed. This weekly crypto podcast reveals how the marquee names in crypto are reacting to the week’s top headlines. With host Laura Shin, the guests also discuss what they’re thinking about these days and reveal what they believe is on the horizon in crypto. Disclosure: I'm a nocoiner.