The Secret Weapon of DeFi 2.0 | Zeus from Olympus DAO
10/20/21 • 81 min
2 Listeners
(3,3)
Olympus DAO and its native OHM token have taken over the meme-osphere. With its novel tokenomics, it has become an emergent powerhouse in this DeFi 2.0 phenomenon. With Olympus Pro on the way, the DAO seeks to change the current mercenary structures of yield farming and replace it with a sustainable and stable ecosystem.
------ 📣 POOLTOGETHER | DEFI LOTTERY https://bankless.cc/PoolTogether ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha
🔐 LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger
🧙♀️ ALCHEMIX | SELF-PAYING LOANS http://bankless.cc/Alchemix
------ Topics Covered:
0:00 Intro 7:00 Zeus and DeFi 2.0 10:21 Traditional Liquidity Mining 15:39 Protocol-Owned Liquidity 25:11 Bonding & Treasuries 30:41 Realigning Incentives 36:50 Are There Tradeoffs? 44:13 Olympus Pro 52:52 New Generation of Protocols 57:00 Olympus DAO 1:02:24 Branding as a Currency 1:08:47 Ponzi Games & Haters 1:16:44 The Ohmies & DeFi 2.0 1:20:40 Closing & Disclaimers
------ Resources:
Zeus on Twitter: https://twitter.com/ohmzeus?s=20
Olympus DAO: https://www.olympusdao.finance/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
(3,3)
Olympus DAO and its native OHM token have taken over the meme-osphere. With its novel tokenomics, it has become an emergent powerhouse in this DeFi 2.0 phenomenon. With Olympus Pro on the way, the DAO seeks to change the current mercenary structures of yield farming and replace it with a sustainable and stable ecosystem.
------ 📣 POOLTOGETHER | DEFI LOTTERY https://bankless.cc/PoolTogether ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha
🔐 LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger
🧙♀️ ALCHEMIX | SELF-PAYING LOANS http://bankless.cc/Alchemix
------ Topics Covered:
0:00 Intro 7:00 Zeus and DeFi 2.0 10:21 Traditional Liquidity Mining 15:39 Protocol-Owned Liquidity 25:11 Bonding & Treasuries 30:41 Realigning Incentives 36:50 Are There Tradeoffs? 44:13 Olympus Pro 52:52 New Generation of Protocols 57:00 Olympus DAO 1:02:24 Branding as a Currency 1:08:47 Ponzi Games & Haters 1:16:44 The Ohmies & DeFi 2.0 1:20:40 Closing & Disclaimers
------ Resources:
Zeus on Twitter: https://twitter.com/ohmzeus?s=20
Olympus DAO: https://www.olympusdao.finance/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Previous Episode
Danny Ryan | Layer Zero
Danny Ryan is an Ethereum 2.0 researcher at the Ethereum Foundation, but he is also a cat owner, husband, and outdoors enthusiast. With some of the longest hair in crypto, Danny is solving extremely difficult and important problems at the protocol level for Ethereum. He is a communicator and a thinker—he is technical but also personable.
Danny is a human at the center of this movement, navigating through high-stakes subjective decisions and surrounded by smart, passionate people. This conversation also covers what it’s like working for a protocol. What’s it like working without a boss and concrete job description?
Danny’s answer? He cares a lot.
***** 📣 POOLTOGETHER | DEFI LOTTERY https://bankless.cc/PoolTogether *****
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha
🔐 LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger
🧙♀️ ALCHEMIX | SELF-PAYING LOANS http://bankless.cc/Alchemix
------
Topics Covered:
0:00 Intro 4:00 Danny Ryan & His Hair 8:50 Coding & Building 12:45 Communicating 19:37 Subjective Decisions 25:05 Existential Risks 31:35 Work Culture & Accountability 38:08 After Ethereum 41:21 Proof of Stake 45:36 Social Interactions 51:42 More Proof of Stake 55:40 Bitcoin 58:10 Clean Money 1:00:15 Happy Devs & the Mock Merge 1:06:01 Personal Stuff 1:14:55 Closing
------ Resources:
Danny on Twitter: https://twitter.com/dannyryan?s=20
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Next Episode
89 - A New Era for DeFi | Scoopy Truples of Alchemix
Scoopy Truples from Alchemix returns to Bankless to update us on what lies ahead for the protocol, and more broadly, the DeFi ecosystem.
Alchemix v2 is on the horizon, which will allow for much more composability and integration with the rest of DeFi, as well as introducing new means of collateral such as LUSD and MIM. Scoopy also details plans for Layer 2 and Cross-Chain launches.
The second half of the conversation turns to DeFi 2.0, which Scoopy outlined in this epic twitter thread. This new generation of DeFi projects introduce a new primitive for bootstrapping liquidity and capital to a protocol, which traditionally has been achieved via incentivized liquidity pools.
This new model allows protocols to purchase LP positions and accrue value more sustainably, discouraging mercenary capital that leaves when rewards taper off. Scoopy brings big ideas and digestible explanations to this complicated topic, contextualizing what may become a new era for DeFi.
***** 📣 POOLTOGETHER | DEFI LOTTERY https://bankless.cc/PoolTogether *****
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha
🔐 LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger
🧙♀️ ALCHEMIX | SELF-PAYING LOANS http://bankless.cc/Alchemix
------ Topics Covered:
0:00 Intro 3:30 Scoopy Truples & Alchemix v2 8:02 Optimizing Yield 13:03 Community & alETH Vault 21:23 Layer 2 & Cross-Chain 29:58 Governance & Participation 37:00 DeFi 2.0 and Olympus DAO 49:16 How it Works 54:39 Flushing out Toxic Liquidity 58:24 Adopting this Primitive 1:01:23 Tokemak 1:03:54 Closing & Disclaimers
------ Resources:
Scoopy on Twitter: https://twitter.com/scupytrooples?s=20 Scoopy’s DeFi 2.0 Thread https://twitter.com/scupytrooples/status/1447398430574141445?s=20
Alchemix Links: - Twitter: https://twitter.com/AlchemixFi?s=20 - Discord: https://discord.com/invite/alchemix - Website: https://alchemix.fi/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
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