Welcome to Bankless, where we explore the front two of Internet money and Internet finance.

This is how to get started, how to get better, and how to front run the opportunity.

This is Ryan Sean Adams. I'm here with David Hoffman, and we're here to help you become more

bankless. David, we've got a really exciting guest. This is going to be a fantastic podcast and it may be our most timely podcast yet. Can you tell us about it?

Yeah, Dan Ellitzer, a personal hero of mine in the Defy Space,

deemed me the other day, and he said,

I've got a lot of stuff on my mind

all obviously around what's been going around in Defi

with these new emergence of governance tokens.

And when Dan messages me and says that he's got a lot of stuff on his mind, I give him a platform.

And so we bring him on to the Bankless Podcast to hear what Dan is thinking about when it comes to this new emerging, apparently emerging

class of tokens that Compound has established with their Comp token, but the concept of this token is much greater, right?

We are now being able to use our imaginations and see what happens into the future with this.

Yeah, so what I love about this is Dan really answers what's happening like what is going on is this new

are these new defy tokens for real are they or is this sort of a repeat of 2017 and will we see another boom bust cycle?

We talk about all of those things.

We also talk about how to yield farm to get the highest returns and Dan has some practical strategies that he's sharing about that he shared about yield farming and how to actually get access to some of these assets that I think listeners will like too.

Dan wrote the very prophetic piece,

Superfluid Collateral in Open Finance,

a little over a year ago, which talked about how

you can deposit collateral in one application and receive a token that you can then deposit as collateral in another application.

And that really just super drives, overcharges the efficiency of collateral in Defi.

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