Posted March 8, 2019 at 3:30 am EST. Up to date February 13, 2023 at 10:19 pm EST.
Dan Elitzer, investor at IDEO CoLab Ventures, describes an idea he describes as superfluid collateral made attainable within the decentralized finance house. We speak about which DeFi tasks make this attainable, how one could make collateral liquid in order that curiosity might be earned from it, and what sorts of tokens may each function debt and earn curiosity. (Surprisingly, even buying and selling pairs, notably on the Uniswap decentralized trade, which exist as tokens, can accomplish that!) Based mostly on the expansion of Uniswap and DeFi, there’s greater than $300 million in collateral on Ethereum, inflicting Dan to make a prediction that Uniswap pool shares may function collateral for hundreds of thousands of {dollars} in loans inside months. Nevertheless, he admits that such a system might be dangerous, and discusses how he thinks such dangers needs to be managed.
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CipherTrace: http://ciphertrace.com/unconfirmed
Episode hyperlinks:
Dan Elitzer: https://twitter.com/delitzer
IDEO CoLab Ventures: https://www.ideocolab.com/ventures/
Dan’s Medium submit, Superfluid Collateral in Open Finance: https://tokeneconomy.co/superfluid-collateral-in-open-finance-8c3db15efac
MakerDAO interview Half 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/
MakerDAO interview Half 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
