130 - How to Fix DeFi Tokens | Hasu
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 1 August 2022
⏱️ 97 minutes
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Summary
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode:
https://shows.banklesshq.com/p/debrief-how-to-fix-defi-tokens
This is Hasu’s 5th appearance on Bankless and this might be his best one yet. If you’re unfamiliar, Hasu is a crypto-economic researcher at Paradigm, strategist at Flashbots solving MEV, host of Uncommon Core, and more recently, a Governor delegate for MakerDAO and overall DAO governance thinker.
In this episode, we’re going to reorg your brain about what it means to be a DAO. Hear what’s broken about DAOs, the potential solutions, what regulation could do to help, and so much more.
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Topics Covered:
0:00 Intro
6:10 DeFi Token Brokenness
12:36 Treasury Management
15:29 Uniswap Token & Fees
27:09 Uniswap’s Strategy
29:58 DAO Governance & Business
33:06 DAOs vs. Digital Organizations
41:55 Regulation vs. DAO Governance
44:53 Founder & Protocol Alignment
50:09 Regulatory Clarity
1:00:16 Regulation’s Bull Case
1:03:58 Game Theory & Gov. Adoption
1:08:05 DAO Constitutions
1:13:13 The Value Prop of DeFi
1:21:03 SubDAOs & Voting
1:28:00 DAO Costs
1:31:04 Summary & Action Items
1:34:09 Why Be Optimistic of DeFi
1:40:53 Closing & Disclaimers
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Resources:
Hasu
https://twitter.com/hasufl
Fake Dao vs Real Daos by Gabriel Shapiro
https://lexnode.substack.com/p/defining-real-and-fake-daos
The Market for Promises by Anthony Lee Zhang
https://anthonyleezhang.substack.com/p/the-market-for-promises
A Stupid Simple Governance Framework by Andrew Beal
https://30000feet.substack.com/p/issue-72-a-stupid-simple-governance
Hasu’s Recent Maker Governance Post
https://vote.makerdao.com/address/0xafaff1a605c373b43727136c995d21a7fcd08989#delegate-credentials
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.8 | This is how to get started, how to keep better, how to front run the opportunity. |
| 0:15.2 | This is Ryan Sean Adams. |
| 0:16.2 | I'm here with David Hoffman, and we're here to help you become more bankless. |
| 0:20.6 | Guys, great episode, great topic, great guest for you. |
| 0:23.6 | This is how to fix DeFi tokens. |
| 0:25.8 | We have Hasew, who is a prominent researcher. |
| 0:28.0 | I think one of the best people on Earth positioned to talk about this with us. |
| 0:33.0 | We talk about why DeFi tokens are broken and how to fix them. |
| 0:36.5 | This is really the hard work we have to do during the bear market. |
| 0:39.5 | Look out for these takeaways. |
| 0:40.9 | Number one, we discuss what's broken about DeFi tokens today. |
| 0:44.4 | Number two, we discuss why all roads seem to lead back to regulatory question mark. |
| 0:50.1 | We talk about number three, why the West might actually be the last to embrace crypto. |
| 0:55.2 | Number four, we talk about why fixing governance is the key to fixing DeFi tokens. |
| 1:00.0 | We have to do that first, and Hasew dropped some tips for DAO's as well. |
| 1:03.8 | And number five, we talk about why we have to fix DeFi tokens if we want to end the bear market. |
| 1:11.4 | This is key as well, making DeFi tokens an investable asset class, |
| 1:16.1 | shoring up our investor protections there. |
| 1:18.2 | David, this was a really fascinating discussion with Hasew. |
| 1:21.4 | What did you think? |
| 1:22.4 | There's so many things to say, some of them I'll definitely have to say for the debrief. |
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