Economics Design
Lisa JY Tan
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Goodpods has curated a list of the 10 best Economics Design episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Economics Design for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Economics Design episode by adding your comments to the episode page.
EP 1: I tried to manage animals in Planet Zoo?
Economics Design
12/19/19 • 47 min
This is the first episode to Economics Design 1. Think it is not relevant to you? If you have ever sold tickets to an event, collected points for a membership, or done management of a space or any sort - economics design is more than relevant to you!
In this episode, Lisa tells us how to design a working economics system within a zoo. Tell us what do you want us to try next?
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EP44: Economics of NFT Flipping with Kiefer Zang
Economics Design
03/17/21 • 25 min
This month is on #NFT. The hottest thing in NFT is how one can flip the NFT for insane profits. So today, we have Kiefer Zang, founder of NFT Flipping. Instead of talking about NFT flipping, we will focus on the economics of NFT flipping, the supply, demand and economics of why this is making sense.
Enjoy!
Get the book at book.economicsdesign.com
Kiefer Zang from www.nftflipping.com
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EP:46 Depreciating Licensing Model in NFT Ownership with Anthony Lee Zhang from UChicago Booth
Economics Design
04/04/21 • 27 min
NFT is not just about digital art and tokenising assets. There are so many more things we can do with NFTs, like embedding property rights, more efficient mechanism design of property rights allocation and balancing between the various types of tradeoffs.
Today, we have with us Anthony Lee Zhang, assistant professor of Finance at UChicago Booth. He co-authored a paper with Glen Weyl on depreciating licenses (DL). Licenses are basically property rights, and NFT is about tokenising these property rights. (A chapter in the book)
In Depreciating Licenses, Anthony and Glen came up with a simple game theory model of asset ownership. Basically you own a fixed percentage of the property and the remaining percentage is auctioned off or being sold each time period. In this way, it mixes both a full ownership model and full rental model.
This is absolutely fascinating because in property rights allocation, we typically experience the trade off between investment incentive (owning the asset 100%) VS asset allocation (allocating to the best person who values the item the highest right now). With depreciating licenses model, this mixes both and balances the trade off.
Join our NFT discussion channel on discord to ask questions and to learn more: https://discord.gg/6zKyFEyJ
Also check out the Art is Always On Sale model with Simon de la Rouviere: [https://youtu.be/5WitN5bwfr8](https://youtu.be/5WitN5bwfr8)
DL paper by Anthony Lee Zhang and E Glen Weyl: [anthonyleezhang.github.io/pdfs/dl.pdf](http://anthonyleezhang.github.io/pdfs/dl.pdf)
Reach out to Anthony on Twitter: [https://twitter.com/AnthonyLeeZhang](https://twitter.com/AnthonyLeeZhang)
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04/03/21 • 21 min
This month is on NFT. We chatted about the economics of NFT, and the economics of NFT flipping last week. A few days ago, an art piece was sold at $69 million by Beeple (https://onlineonly.christies.com/s/first-open-beeple/beeple-b-1981-1/112924)! Of which, $9m is in fees. My mistake, that $9m is to Christie and not the network's transaction.
In any case, transaction fees are still a problem. Not only is it expensive to buy an NFT (we mentioned this 2 weeks ago), but also expensive to MINT NFT. That might be causing the huge inflation in prices, since the fixed cost to mint the NFT is already high.
Hence, I want to talk about Polygon ($Matic) today. Up to now, when the bottlenecks of the Ethereum network have not been fully resolved, Layer 2 solutions are showing their remarkable advantages. Formerly #Matic Network, #Polygon has great ambitions to deploy all Layer 2 solutions on themselves.
NFTs are moving to Polygon because it is cheaper and faster. Also, the level of security on Layer 1 of Ethereum is good but not a necessary function. In this episode, we look at the 4 layers of Polygon and understand the quick dive into the token design!
Donate here: https://gitcoin.co/grants/2054/economics-design-education
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08/27/20 • 34 min
Today, we have a guest on our episode, Simon de la Rouviere. He's known to start talking actively about bonding curves and it's making a huge impact to the future that we are building — #DeFi and crypto.
Things we covered:
- What are Harberger Taxes
- Evolution of "Art is Always on Sale" V1 vs V2
- Patronage as an asset class
- Taxation and its impact on time horizon of holding assets
- Relationship between art work and incentive to artist
- Bonding curve with NFT via a price floor
- Utility as a marginal incentive function in bonding curve
- Various curve relationships between art and prices
- Governance in NFT
- Sustainable funding and efficient economy for artist
- Combining DeFi with Bonding Curve for collectible art and virtual assets
- Bonding curve uses in personal tokens
- 2 advice to economic and system designers
Some links on the things we talked about:
- Radical markets [Book] — https://amzn.to/31wRteX
- Cadcad [Programming] — https://cadcad.org/
- Wild Cards [Project] — https://devpost.com/software/ethcapetown_wildcards
- This Artwork Is Always On Sale v2 — https://blog.simondlr.com/posts/this-artwork-is-always-on-sale-v2
- Exploring Harberger Tax Rates in Virtual Collectibles & Patronage Markets — https://blog.simondlr.com/posts/exploring-harberger-tax-in-patronage-markets
- Patronage As An Asset Class — https://blog.simondlr.com/posts/patronage-as-an-asset-class
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
EP 18: Token Valuation with Token Bonding Curve
Economics Design
07/23/20 • 31 min
⚠️ PSA: This podcast episode is different from the YouTube channel. This removes the maths and graph, as it requires visualisation. Please check out the YouTube version for the graph. Otherwise, this episode is good enough to have you an in-depth explanation. ⚠️
This is a 2-part series. Part 1 is on the economics and math of TBC and how the curve functions affect the incentive mechanism and what governance can we embed into the function. Part 2 will be on using these functions in projects, and taking a dive at a few projects.
The episode is split into 2 because it gets quite heavy to digest all the information at once. So part 1 is the more math-y part, for you, as economics designers to grasp. And part 2 is the more application-y part, for you, as economics designers to know how to use it. After all, knowledge is only valuable when applied.
Enjoy this first part. We understand token bonding curves, the benefits, where the value accrual is derived from and the various functions to consider.
As much as I wish there is 1 perfect function, the functions really depend on the objective of your system and what it wants to incentive or govern. So choose wisely and have fun playing with graphs!
- Application to token economics framework: 00:38
- What is token bonding curve: 03:53
- 4 properties of token bonding curve: 07:50
- Use-cases: 11:38
- Where does value come from: 13:37
- Risks and ways to mitigate risks: 18:09
- 4 math functions: 19:30
- How to calculate total cost of tokens: 28:39
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
12/13/23 • 37 min
Decoding Blockchain Game Economies with Corey Wilton: Why You Should Care
Explore the fascinating world of blockchain game economies with our special guest, Corey Wilton! In this deep dive, we unravel the intricate mechanisms behind these digital realms and uncover the reasons why you should pay attention to this groundbreaking intersection of technology and gaming.
What makes blockchain game economies unique? Corey breaks down the decentralized nature of these systems, highlighting the role of blockchain technology in creating trust, transparency, and true ownership of in-game assets. Learn how players can truly invest their time and resources into a gaming ecosystem that rewards their contributions.
Why should you care about blockchain game economies? Discover the potential for players to earn real-world value through the exchange of blockchain-based assets. Corey explains the transformative impact this can have on the gaming industry, opening up new possibilities for both developers and players alike.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
*Disclaimer*
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
#economicsdesign #tokeneconomics #tokenomics #DeFi
EP 15: Yield Farming Economics. Good bad ugly
Economics Design
07/03/20 • 31 min
Yield farming is all the type right now. We talked about the international gold (bitcoin) standard and this week, on farming. I guess history really repeats itself! This week, we share about 4 projects using yield farming, and breaking down the economics of yield farming and token design. Whilst yield farming is a great way for your project, consider the bad and ugly too, if you decide to implement it in your project.
Quick navigation:
- What is yield farming: 00:53
- Projects using yield farming mechanism: 03:21
- Yield farming hacks: 09:05
- Good, Bad and Ugly: 14:05
- Economics of yield farming: 20:40
- Applying to projects: 29:56
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
EP 23: How to use Bonding Curve Beyond DeFi
Economics Design
09/03/20 • 37 min
We've talked about bonding curves so many times. You'd think I've exhausted the content. HAH! Not a chance.
Today, we have with us Jeff Emmett from the Common Stacks team, sharing with us about augmented bonding curves, generalised bonding curves and various "behind the scene" concepts of bonding curves.
Absolutely follow him on twitter at https://twitter.com/jeffemmett.
Want more in-depth content? Sign up at our Patreon at https://www.patreon.com/economicsdesign
07/09/20 • 43 min
Alright listen up guys. Now is the best time for #STONKS.
Memes aside, new token design are constantly entering the space. As DeFi continues to mature, I think we will start to see more sophisticated tokenised products with mathematical programmable rules embedded in them. How is now not the best time to be alive!
This episode, we dive into leveraged tokens. Using the token economics framework, we uncover the economics behind leveraged tokens, using #FTX as an example. Some simple math are involved. But don't worry. It's all fun and games.
Caution: this is a high risk product! Don't stonk your lives away ok.
Level up with #TokenEconomics course: https://education.economicsdesign.com/
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FAQ
How many episodes does Economics Design have?
Economics Design currently has 122 episodes available.
What topics does Economics Design cover?
The podcast is about Podcasts and Technology.
What is the most popular episode on Economics Design?
The episode title 'EP44: Economics of NFT Flipping with Kiefer Zang' is the most popular.
What is the average episode length on Economics Design?
The average episode length on Economics Design is 35 minutes.
How often are episodes of Economics Design released?
Episodes of Economics Design are typically released every 8 days, 6 hours.
When was the first episode of Economics Design?
The first episode of Economics Design was released on Dec 19, 2019.
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