Is DeFi in a Bubble? - Ben Forman, ParaFi Capital, Ep. 108
Play • 1 hr 1 min

Ben Forman is the Founder and Managing Partner at DeFi focused fund ParaFi, backed by billionaire Henry Kravis among other well known investors. Ben makes his podcast debut and joins us in discussing:

  • Is DeFi in a bubble? How can we tell?
  • What areas of DeFi are under-invested? What's overhyped?
  • Specific projects and verticals Ben is tracking
  • Thoughts on yield mining
  • Are institutions looking at DeFi?

Host: Jason Choi (@MrJasonChoi). If you enjoyed the show, consider tipping! This show is not financial advice; show host and guest may hold some of the assets discussed.

  • BTC: 3EFSLnPpme6Lo6DynN1bVV9owooueFvEmJ
  • ETH: 0xdec40AA30B9C562aB4b839529BfC290C1B5Da61E

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Resources:

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Musical credits:

Transition track: "BHANGER" by Phortissimo. Used with permission

Outro track: "LEMMiNO - Infinity [Chill]" is released under a Creative Commons license (BY-SA) 4.0 Music provided by BreakingCopyright: https://youtu.be/uweorwa3q34

Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions. 

The Scoop
The Scoop
The Block
'They start with bitcoin:' Polychain's Olaf Carlson-Wee believes big investors will turn their attention to DeFi
"They start with bitcoin. It is the easiest to understand." In the most recent episode of The Scoop, Olaf Carlson-Wee said that recent headlines about institutional investors making waves in the bitcoin market aren't surprising to him. Since he launched Polychain Capital in 2016, he's become familiar with new market entrants who start by exploring bitcoin and then ultimately make their way to other ecosystems.  "It isn't surprising that these big institutional investors are first getting involved with bitcoin," he said. "This is effectively electronic gold. Everyone can reason about gold and the value of gold in an easy way." From Anthony Scaramucci to Paul Tudor Jones, the bull case for bitcoin as digital gold has been all but cemented as a Wall Street talking point. Yet his interest in bitcoin will find its way to DeFi, Carlson-Wee argues. "Once you have $100 million of bitcoin, you might start to think how I could get yield on this bitcoin for example," he said. "A lot of the time the answer there is through on-chain financial contracts." Carlson-Wee also believes that interest in DeFi products and services will buck the example of the 2017 ICO bubble and be more long-lasting. As he put it during the interview: "The summer of ICOs was a summer, the summer of DeFi was just the beginning of multi-years of compounding growth. The financial engineering in DeFi, I think, at this point is inarguably moving faster than the financial engineering anywhere else in the world. The capital coordination is faster than anywhere else in the world. A lot of these DeFi protocols are bigger than IPOs—regularly. Despite that go regularly unnoticed and are hard to interact with. The user experience barriers here are very high and despite that we see significant traction in terms of volumes." Still, Olaf-Carlson Wee said DeFi market participants need to work out the UI problems that make platforms difficult to use. In this episode of The Scoop, Olaf Carlson-Wee digs into: The differences between the ICO boom and the current market rally How DEXs went from being irrelevant to facilitating billions of dollars in volumes Where DeFi goes next What he thinks about the upcoming Coinbase IPO YFI's recent proposal to increase inflation  Polychain's lessons learned from the previous 2017 cycle
46 min
The Crypto Conversation
The Crypto Conversation
Brave New Coin
The Identity Dilemma - Selfkey is empowering individuals to take back ownership of their identity data
Edmund Lowell is the CEO of KYC-chain and the Selfkey network - a blockchain startup developing digital identity solutions that empower individuals to take back ownership of their identity data. Guest: Edmund Lowell Why you should listen: Everyone’s data is concentrated in the hands of a few large institutions. They store information about your browsing history, shopping habits, location data, bank statements, medical history, and more. With the growing threat of data breaches, and the loss of privacy - our information is increasingly at risk. One of the reasons for this is because rather than the individual controlling their data, it is instead tech companies and government databases that store data. This is at risk of being hacked and leaked. For example, last year hardware wallet manufacturer Ledger was data hacked. The data consisted of a list of one million email addresses, as well as a list of 272,000 individual customers, containing emails, phone numbers, and physical addresses. Those customers have since been targeted with phishing attempts by scammers sending fraudulent emails claiming that their "cryptocurrency assets are at risk", prompting them to download a fake version of Ledger Live that would then ask for the user's seed phrase. Key takeaway: Current identity systems have failed to deliver the most basic requirements for a successful identity system: security, privacy, ownership, access, protection, interoperability, or linked data portability to identity owners. SelfKey’s mission is to empower individuals to own, control, and manage their personal data; and to help businesses protect personal data entrusted to them by users, and stay compliant with privacy regulators. SelfKey envisions a safer world where individuals are freer because their personal data and privacy is protected and under their control. Supporting links: Selfkey Leverj Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
37 min
The Delphi Podcast
The Delphi Podcast
Tom Shaughnessy
Teddy and Jeff: Notional Finance Enables Fixed Rate, Fixed Term Lending and Borrowing on Ethereum
Chain Reaction Host Tom Shaughnessy hosts Teddy Woodward and Jeff Wu of Notional Finance. Notional is a protocol on Ethereum that facilitates fixed rate, fixed-term lending and borrowing of crypto-assets via a novel financial primitive called fCash. Fixed rate financing touches all corners of the modern financial markets. The majority of US debt is issued at fixed interest rates because they provide certainty and minimize risk for market participants. Notional brings this capability to the decentralized financial system on Ethereum and gives crypto users that same access to stable financing. The full interview transcript is available below the video! Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. - Show Notes: (1:17) – (First Question) - Teddy’s Background.(3:11) – Jeff’s Background.(6:02) – Notional Finance Elevator Pitch.(8:33) – Key Differences between Notional Finance and other competitors.(11:50) – Rates / Collateralization Walkthrough.(14:42) – Thoughts about liquidity Fragmentation.(16:23) – The Collateralization Framework.(18:01) – Insights about DEV / Smart Contracts.(22:55) – How Notional affects DeFi.(26:34) – Will Notional attract Traditional Investors.(28:24) – What’s on the roadmap for Notional Finance.(29:56) – Notional vs. Compound?(33:09) – Notional Finance Team.(34:00) – Does Notional need a Community.(36:10) – How does the model work (to earn money).(36:49) – Where to find Notional Finance. Music Attribution: * Cosmos by From The Dust | https://soundcloud.com/ftdmusic * Music promoted by https://www.free-stock-music.com * Creative Commons Attribution 3.0 Unported License * https://creativecommons.org/licenses/by/3.0/deed.en_US Resources: * Teddy’s Twitter: https://twitter.com/teddywoodward * Jeff’s Twitter: https://twitter.com/wuprotocol * Notional Finance: https://notional.finance * Tom's Twitter: https://twitter.com/Shaughnessy119 * Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More * Our Video interviews Can Be Viewed Here: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q * Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.
38 min
Zero Knowledge
Zero Knowledge
Fredrik Harrysson, Anna Rose
Episode 164: The road to Skynet & beyond with David Vorick
This week, Anna and guest co-host James Prestwich (https://twitter.com/_prestwich) chat with David Vorick (https://twitter.com/DavidVorick) from Skynet Labs (https://siasky.net/) about the scope and goals of the Skynet project. They discuss the journey from earlier work on Sia & distributed data to Skynet, SkyDB, and their idea for Recursive Content Monetization - a new model to pay online creators and content owners. They also chat about the SkyFeed (https://github.com/redsolver/skyfeed) project - a decentralised Twitter like project. In this part of the conversation, they explore how the decentralised community could potentially remove the harm done by the social chat algorithms, but also the potential impact - and danger - that fully decentralised systems can have. Here are some helpful links: * https://siasky.net/ * https://sia.tech/ * https://support.siasky.net/article/nz6p6876e3-skynet-resources * https://blog.sia.tech/skydb-a-mutable-database-for-the-decentralized-web-7170beeaa985 * https://blog.sia.tech/skynet-the-future-of-nebulous-c9922eb53456 * https://joinmastodon.org/ Thanks to this week’s sponsor Aave (https://aave.com/).  Aave Protocol (https://aave.com/) is an open source and non-custodial protocol where users can earn interest on deposits and borrow assets  Aave Protocol also features access to innovative DeFi building blocks like Flash Loans. They are now introducing a new feature is Credit Delegation, where users can delegate their credit to another person who can borrow against it  For anyone thinking of contributing to the ecosystem, check out the Grants Program - here is the link: https://docs.aave.com/portal/   Also vIsit aave.com (https://aave.com/) or join the Aave Discord #developers channel https://aave.com/discord to find out more! If you like what we do:  Follow us on Twitter - @zeroknowledgefm -https://twitter.com/zeroknowledgefm Join us on Telegram -https://t.me/joinchat/B81tQ57-ThZg8yOSx5gjA Catch us on Youtube -https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuMg Read up on the r/ZKPodcast subreddit -https://www.reddit.com/r/zkpodcast  Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A  Support our Gitcoin Grant -https://gitcoin.co/grants/329/zero-knowledge-podcast-2 Support us on the ZKPatreon -https://www.patreon.com/zeroknowledge Or directly here:  ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ
55 min
Unconfirmed
Unconfirmed
Laura Shin
Is Tether a Fraud? Its Bank Says It's Not - Ep.161
Gregory Pepin, deputy CEO of Deltec Bank and Trust, responds to allegations in a blog post by the pseudonymous Crypto Anonymous, that Tether is a "highly probably fraud." In this episode, he covers: * how Deltec accounts for its reserves, and why they didn't show up on Crypto Anonymous's blog post * where the dollars backing Tethers are held * how Tethers get created * where Tether Ltd. keeps its cash equivalents * why there's more demand for trading with USDT than with USD partially because of the arbitrage opportunity between East and West * how Tethers get created using Deltec * why USDT gets minted in very round numbers as opposed to very specific numbers that USDC is minted in * where the cash equivalents backing Tethers are held * what type of due diligence Deltec conducted when it took on Tether Ltd. as a customer * why the perception that Tether is unregulated compared to other stablecoins is false * what Deltec thinks about the New York Attorney General office's investigation in to Tether * why Deltec has a "large position in bitcoin" Thank you to our sponsor! Crypto.com: http://crypto.com Episode links: Gregory Pepin: https://twitter.com/dzrgreg Deltec Bank: https://www.deltecbank.com/?locale=en Crypto Anonymous’s Medium post: https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 Deltec having large position in bitcoin: https://www.theblockcrypto.com/linked/91353/deltec-bitcoin-position-tether Original video in which Deltec mentions its “large position in bitcoin”: https://www.deltecbank.com/2021/01/14/a-covid-year-in-review/ Deltec banking Tether: https://www.coindesk.com/deltec-chairman-says-tether-letter-on-bank-relationship-is-authentic Tether not audited: https://www.coindesk.com/tether-review-claims-crypto-asset-fully-backed-theres-catch Tether says it is fully backed: https://www.coindesk.com/tether-says-its-stablecoin-is-fully-backed-again Tether current balances: https://wallet.tether.to/transparency?__cf_chl_jschl_tk__=c035d054dd287020b16d6dbb4b70398ca7a99dcb-1611253376-0-AcOsT0Zqpd8Muzw5gnkSz6KKmTrN3WAssxGX8K-p_PkeZ2SUfW9EsAr-a2EkIojYzm5-3RA_1DHxpoK579d0YgtnxMYevlVRSS7RIAKh0sgk-ORzOZUDNgg_AvZjugdrxWVjTA9dCBf1hX4X83oU3-RTjQYn_qYukdRFJUq9a89BXyyDovL3bu4ohxSSVdworOR-cdxEiPURe4ZJrGIvuW3Ej2qJLJt3RDXfX6BfDANdpkVrU6O2KB4V0Or-HJjItS0uAu-L7KrTomXNv9anUv34_An8cH3VHYfB_OD-iyIvkgOh7RHd-Xafe-SJwPnUYg What Tether is backed by: https://wallet.tether.to/transparency?__cf_chl_jschl_tk__=c035d054dd287020b16d6dbb4b70398ca7a99dcb-1611253376-0-AcOsT0Zqpd8Muzw5gnkSz6KKmTrN3WAssxGX8K-p_PkeZ2SUfW9EsAr-a2EkIojYzm5-3RA_1DHxpoK579d0YgtnxMYevlVRSS7RIAKh0sgk-ORzOZUDNgg_AvZjugdrxWVjTA9dCBf1hX4X83oU3-RTjQYn_qYukdRFJUq9a89BXyyDovL3bu4ohxSSVdworOR-cdxEiPURe4ZJrGIvuW3Ej2qJLJt3RDXfX6BfDANdpkVrU6O2KB4V0Or-HJjItS0uAu-L7KrTomXNv9anUv34_An8cH3VHYfB_OD-iyIvkgOh7RHd-Xafe-SJwPnUYg New York Attorney General’s office press release on investigation into iFinex: https://ag.ny.gov/press-release/2019/attorney-general-james-announces-court-order-against-crypto-currency-company CoinDesk on NYAG investigation: https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege Link to the Crypto News Recap: https://unchainedpodcast.com/what-8-trillion-could-do-in-bitcoin/
36 min
The Anita Posch Show: A Bitcoin Podcast
The Anita Posch Show: A Bitcoin Podcast
Anita Posch
Bitcoin Q & A, Jan. 2021
I asked for your Bitcoin questions. Here are my answers. Want to ask a Bitcoin question too? Subscribe to get a notification for the next Q&A https://anitaposch.com/newsletter. I was joined by Chris Chester. 0:01:00 Introduction 0:03:40 If you had to specify your options for preferred exchange, cold storage wallet, hardware wallet, software wallet, multi sig wallet - which would you choose and why? 0:09:21 Software wallets 0:12:15 Counter arguments to custodial wallets 0:16:50 Cold storage/paper wallets 0:24:10 Finding a buyer for your Bitcoin: When I want to sell Bitcoins which I have in my wallet. Do I have to find a buyer or can I just exchange them anytime without any issue? Thanks 0:29:45 What kind of price behavior of bitcoin do you expect in this bull run - how high will it go, how much will it fall given the new players entering the market. 0:34:50 At what price level in this bull run will you start to reduce BTC exposure and to what percentage of your investment portfolio. 0:40:44 Which other cryptocurrencies do you own/trade. Which projects do you believe in? 0:43:35 Ledger breach: Your recommendations regarding ledger breach: how to set up a burner phone and a burner e-mail address? 0:50:45 Which exchange do you trust. Which online Crypto-Broker is viable? I checked some experience reports for Bitpanda, etoro and Swissquote and there was a lot of negative statements. 0:54:33 Can I buy Ethereum with the green wallet too? If not, what can I use? 0:56:17 What if the wallet software company closes down? 0:57:30 In the news ----------- Like it? My work is open and free to use. If you value my work and would like to send me a tip, they are always appreciated! Bitcoin: https://tallyco.in/AnitaPosch/ Lightning: https://tippin.me/@AnitaPosch Patreon: https://www.patreon.com/anitaposch Want more episodes? sorted by guest https://bitcoinundco.com/en/guests/ sorted by topic https://bitcoinundco.com/en/topics/ ---------- Follow and Subscribe: Anita's Weekly - the best stories in Bitcoin from my point of view: https://anita.link/subscribe Twitter: https://twitter.com/anitaposch YouTube: https://youtube.com/AnitaPosch ----------
1 hr 7 min
The Let's Talk Bitcoin Network
The Let's Talk Bitcoin Network
The LTB Network
Shaking Up the Snow Globe with Jeff Nischwitz - Proof of Love Ep. 86
Jeff Nischwitz joins Tatiana & Laura to talk about his "shaking up the snowglobe" philosophy, the idea that human beings must keep themselves from "settling," letting their lives become stagnant, boring, and inflexible. He talks about how such a life can be among the most disrupted in times of trouble, how communications and expressing emotions affects our interpersonal relationships, why society is critical of women who feel anger but also of men who ever feel anything else, and his own journey to enlightenment. About the Guest: Jeff Nischwitz is known as a Snow Globe Shaker (shaking things up) who's on a mission to help people shift how they lead, live and relate. He's an international speaker and personal transformation coach known for his unique perspectives, challenging traditional thinking, and delivering tangible shifts for people to grow their businesses and relationships. Jeff's the Founder of The Nischwitz Group, a speaking, consulting and coaching company that transforms people and organizations'”one truth at a time! He's the co-founder ofCardivera.com, a leadership development ecosystems that grows leaders and their impact. He also co-hosts the Impact Leadership Podcast (www.impactleadershippodcast.com). Jeff has published four leadership and business books, including his most recent '“Just One Step: Walking Backwards to the Present on the Camino Trail(Eagle Heart Press 2020). He'll also one of the co-authors of a new book,The Top 25 Changemakers: How Florida Entrepreneurs Thrived During Challenging Times(expected March 2021). If you like this content, please send a tip with BTC to1Q2QHoNowg8D2QzWhBQU1YrraG771aCpgS More Info: Tatiana Moroz -https://www.tatianamoroz.com Crypto Media Hub -https://www.cryptomediahub.com The Nischwitz Group -https://nischwitzgroup.com Cardivera -https://cardivera.com Just One Step: Walking Backwards to the Present on the Camino Trail -https://www.amazon.com/Just-One-Step-Walking-Backwards/dp/0998409715/?tag=proofoflove Friends and Sponsors of the Show: Proof of Love -https://proofoflovecast.com Global Crypto Advisors -http://globalcryptoadvisors.io *You have been listening to the Tatiana Show. This show may contain adult content, language, and humor and is intended for mature audiences. If that's not you, please stop listening. Nothing you hear on The Tatiana Show is intended as financial advice, legal advice, or really, anything other than entertainment. Take everything you hear with a grain of salt. Oh, and if you're hearing us on an affiliate network, the ideas and views expressed on this show are not necessarily those of the network you are listening on, or of any sponsors or any affiliate products you may hear about on the show.
Play
Markets Daily Crypto Roundup
Markets Daily Crypto Roundup
CoinDesk.com
Bitcoin News Roundup for Jan. 25, 2021
With bitcoin bouncing and ether hitting a new all-time high, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: First Mover: Bitcoin Flushes 'Weak Hands' as Ethereum Hits New All-Time High  Last week's rout in bitcoin market looks like "weak hands" selling out because bidders appeared to materialize whenever prices fell to $30K. U.S. President Biden is unlikely to raise taxes anywhere close to covering his spending proposals, (NYT) China overtook the U.S. as world's leading destination for foreign direct investment, from the (WSJ) Investor demand for the lowest-rated junk bonds pushed yields to record lows; That’s below where 10-year U.S. Treasury-bond yields traded for most of the 1970s, '80s and '90s (WSJ) A third of staff may work from home permanently post-virus, says (Bloomberg) A key executive at Huobi crypto exchange is said to have been taken into custody by Chinese police investigating the over-the-counter trading service (CoinDesk)  Valkyrie digital assets filed an application with the SEC for a bitcoin ETF, joining VanEck in the struggle to win U.S. regulatory approval, (CoinDesk) Wladimir (Vladimir) van der Laan, lead maintainer of Bitcoin Core, the key software underpinning the Bitcoin network, is seeking to move further into the "background" for the sake of decentralizing the project. This move comes following criticism of his decision to pull the Bitcoin white paper from bitcoincore.org after the project received a takedown notice from the controversial leader of BitcoinSV (CoinDesk)  Crypto exchange Coinbase now has more than $90B of assets on their platform and more than 43M registered users, (CoinDesk) New Innovation Hub from Bank of International Settlements (the central bank for central banks) is planning a platform for testing central bank digital currencies (CoinDesk) Early exchange Coinbase plans to offer a secondary market for private shares ahead of public stock listing, as pre-IPO contracts change hands at valuations of more than $70B, that one’s from (The Block) CNBC stock-picking personality Jim Cramer suggested to the winner of the $731M Powerball jackpot that they should put 5% of their newfound fortune in bitcoin, from CoinDesk’s Danny Nelson (CoinDesk) Microstrategy's recent sale of $650M of convertible bonds offer QUOTE "very little downside and an almost-free call option on bitcoin," writes investing legend Bill Miller of Miller Value Partners (Miller Value Partners)   In an opinion piece, Bloomberg’s senior ETF analyst argues that the SEC is long "past due" in approving a bitcoin ETF (Bloomberg Opinion)  Crypto Twitter trader and analyst @CryptoCapo_ says the drop in open interest in coin-margined bitcoin-derivatives contracts signals market bottom is in, that’s from the (Daily Hodl)   Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
8 min
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