Shownotes Transcript
Episode: #11 May 11, 2020
Your savings account, your high-yield bank deposits, a CD. Can we replace these bank functions with a protocol?
Compound seems to think so. Compound is a two-sized money robot that provides borrowing and lending to create something new: interest. Learn what it does, why it's powerful, and how it's evolving as we talk with Robert Leshner. We even ask if there's a way for the community to get its hand on some Comp tokens and start shaping the future of the protocol.
We cover:
What you can do w/ Compound
Power of programmable interest
How Compound's different than:
WellsFargo (traditional banks)
Maker (other procotols)
BlockFi (crypto banks)
If crypto banks will out-compete DeFi
How you can get COMP tokens
Future of protocol politicians
The protocol sink thesis
Robert's biggest fear for DeFi
How the Bankless community can help
This is our final of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Catch up on Episode 10) and Episode 9) if you missed them. Before the episode begins we also talk about:
- Tron stealing our tax money
- What wBTC backing means for DAI
Tools from our sponsors to go bankless:
- Rocket Dollar) - tax shelter your crypto ($50 w/ "BANKLESS)")
- Monolith) - holy grail of bankless Visa cards
- Aave) - money lego for lending & borrowing
- DYDX) - trade, margin, BTC perpetuals (10% off with this link)) (trade.dydx.exchange/r/bankless))
----- Resources discussed:
- Compound protocol) - interface
- Dharma) - build on Compound
- Compound governance) - interface
- Ryan's voting record) - two votes!
- Read:
- How to get a Dai savings Rate) - include Compound
----- Episode Actions:
Stay tuned for governance opportunities:
Here's how Bankless plans to govern)
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