206: DeFi 101 - Introduction to Decentralized Finance with Clayton Roche

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 2 December 2021

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam, Johnny & Derek all weigh on this introduction to Decentralized Finance AKA DeFi. Sam interviews DeFi Nation's Clayton Roche to go over the new types of financial tools available in DeFi and compares them to traditional financial institutions. Then Johnny & Derek recap the interview and give their thoughts on how they might utilize DeFi in the future. They also touch on what to look out for on these platforms that may be too good to be true. Use this episode as a stepping stone into the DeFi space and we will dig deeper into specific DeFi tools in future episodes.

Listen to ILAB 206 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Lithuania / IG @johnnyfdj
Sam Marks – Barcelona/ IG @imsammarks
Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

RAD Diversified
RAD Diversified REIT allows investment partners to invest in cash-flowing properties with substantial value-add opportunities. RAD offers monthly distributions, a 5% bottom-line guarantee, and achieved a 36.7% return in 2020.
Support Invest Like a Boss: Join our Patreon

Discussed:

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)

*Johnny and Sam use all of the above services personally.

Time Stamp:

08:02 – What is Decentralized Finance?
11:25 – Why has the government allowed this?
16:49 – What are the bigger stable coins, and how do they work?
20:03 – Why would anyone own a stable coin?
21:32 – Is there a risk in creating a stable coin?
24:45 – Can you explain the borrowing and lending with crypto?
30:16 – What platforms do you use to borrow and lend?
33:10 – Is there more risk in using a centralized than a decentralized platform?
34:30 – What is staking?
38:35 – Can you use staking with “primary” coins?
41:38 – Is borrowing or staking simpler than how the literature appears?
45:34 – Can you explain the differences in centralized and decentralized exchanges?
49:45 – Would coin base be considered decentralized finance?
50:20 – Do you see DeFi overtaking traditional finance?
37:35 – Johnny and Derek recap

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Transcript

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0:00.0	What's up bosses? Before we kick off this episode, I want to tell you about our sponsor this week.
0:04.6	It is Radd Diversified Re. Now, you're probably familiar with their CEO, Dutch Menin Hall.
0:10.3	He's a good friend of the show. He's appeared on episodes 178 and 194. And Dutch was our most recent boss insider guest.
0:18.0	He gave an awesome presentation all about the work that they're doing over at
0:21.2	Rad. You can check out the full replay on our ILab Patreon account. He told us all about how
0:26.6	Radd Divorsified Reat allows investment partners to invest in cash flowing properties with substantial
0:31.5	value ad opportunities. Rad diversified also offers monthly distributions, a 5% bottom line guarantee. They did a 36.7% return in 2020, and they've returned 33.42% in the last 12 months. So if you want to take a closer look at what RAD is doing, you just got to go to raddiversified.com slash boss. That's rad, R-A-D,D-I-V-E-R-S-I-E-D-R-S-I-E-D.com slash B-O-S-S. I'm going to tell you even more about Rad-D-Diversified read during the break, but once again, if you want to check them out now, just go to raddiversified.com slash boss. All right, let's kick off this episode.
1:13.1	Welcome to the Invest Like a Boss podcast.
1:15.2	I'm Sam Marks.
1:16.1	And I'm Johnny FD.
1:17.2	We're self-made entrepreneurs who invest our own money and use modern technology to invest
1:20.7	like a boss.
1:21.3	Join us each week for exclusive interviews with our network of modern investors,
1:25.0	business owners and multimillionaires to discover new ways
1:27.7	to invest our hard-earned cash.
1:32.4	Hey bosses, this is Johnny and welcome to episode 206 of the Best Like a Boss podcast.
1:37.8	We're switching things up and we're having Derek come on.
1:41.6	How are you, buddy?
1:42.5	I'm doing well, Johnny.
1:43.8	How are you? Yeah, we had
1:45.5	Sam actually do this interview, so you're getting a little bit of everyone on this, trying a new
1:50.2	format. Yeah. And new formats are kind of the keyword for this episode as well. This one and
	...

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