11 - Going Bankless with Compound | Robert Leshner
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 11 May 2020
⏱️ 87 minutes
🧾️ Download transcript
Summary
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
- Tron stealing our tax money
- What wBTC backing means for DAI
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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
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Episode Actions:
- Try earning interest on Compound
- Stay tuned for governance opportunities:
- Here's how Bankless plans to govern
- Give Bankless a 5-star review on iTunes right now!
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier Internet money and Internet finance. |
| 0:19.4 | This is how to get started, how to get better, and how to front run the opportunity. |
| 0:22.8 | This is Ryan Sean Adams. |
| 0:24.0 | I'm here with David Hoffman, |
| 0:25.5 | and we're here to help you become more bankless. |
| 0:28.8 | David, we have an absolutely fantastic episode |
| 0:31.9 | with Robert Lushner from Compound today. |
| 0:35.2 | This is going to be an episode on how to go bankless with Compound. |
| 0:39.6 | What did you learn from this episode, man? |
| 0:41.3 | There were so many topics that got dropped in this |
| 0:44.0 | episode that I haven't heard anywhere else and so it was really a treat to get |
| 0:48.2 | Robert Lesher on to talk all about compound. I really enjoyed learning about the kind of the design ethos and parameters of the compound protocol, how it came to be and |
| 1:00.0 | why some of the decisions were made in the way that they were. |
| 1:04.4 | And so, Robert, he's the founder of Compound, |
| 1:07.3 | and so he goes all the way back and kind of explain |
| 1:10.2 | some of the choices in the Comp protocol, the ethos of the system at large, and how and where compound is going to go into the future. |
| 1:20.0 | And so Robert, a really smart guy guy, Sharp as attack, really saw the vision for |
| 1:26.1 | Defi, I think, earlier than most people, and he has led compound with that vision and I think he hit that vision that nail on the head really, really well. |
| 1:36.7 | So, you know, tip of the hat to Robert for building something really powerful in this space. |
| 1:41.7 | We touch on topics such as the protocol Singh thesis, which me and Ryan are |
| 1:46.3 | harping on more and more and more. And Robert really really resonated with that. And so we're going to, we talk about that. |
| 1:52.0 | And we also talk about what it means for a system like compound to be fully autonomous but also governed by you know a set of community stakeholders. You know these are topics that we all we always knew were coming in the horizon with |
... |
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