28 - The Bull Case for DeFi | Vance Spencer
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 31 August 2020
⏱️ 110 minutes
🧾️ Download transcript
Summary
Episode: #28
August 31, 2020
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Vance Spencer of Framework was buying DeFi tokens when they were deeply unpopular. Deep conviction on DeFi, but he and his co-founder made bets on communities. He was contrarian yes...but contrarian right.
Ask him his strategy and he'll simply tell you..."I look at memes all day." But there's hidden brilliance in that phase. Listen as he describes how he invests in the crypto native founders, how he buys culturally composable communities, how the best things start very small.
His fund bought SNX when no on believed. They bought LINK when it was worth 18 cents. How? Why? What's he buying now?
We end with some FIRE predictions on final market caps for this bull run.
We cover:
- Are we in a bull market?
- The DeFi Bull Case
- Crypto Native Investing Fund
- Composable communities
- Contrarian bets in the bear market
- Where did the LINK marines come from?
- Populism is real in crypto
- REGULATORS are friends?
- Turning Communities into Protocols
- Farming Token Premium
- Things Vance is buying
- Price Predictions!!! 🔥
Join us next Monday for a fresh episode!
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Resources discussed:
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Episode Actions:
- Get involved in communities - YFI, YAMs, SNX, Bankless
- Get active in the networks you invest in! (e.g. own some ETH, try to run an Eth2 validator!)
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Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.
Transcript
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| 0:18.0 | Welcome to Bangless, where we explore the frontier Internet Money and Internet Finance. This is how to get started, how to get better, and how to front run the opportunity. |
| 0:22.0 | This is Ryan Sean Adams. I am here with |
| 0:24.8 | David Hoffman and we're here to help you become more bankless. David, how are you doing |
| 0:31.9 | after that epic episode? |
| 0:33.6 | We just came out of perhaps the best Spankless episode we've ever recorded with |
| 0:37.8 | Vance Spencer of Framework. |
| 0:40.0 | Vance got on my radar when he did the podcast with Dimitri from Hidden Forces and he just nailed everything I thought about Defi. |
| 0:48.0 | And so we wanted to get him on to the Bankless Podcast to do a podcast with two hosts that live inside of the Defi ecosystem instead of outside of it. |
| 0:56.5 | And Vance just hit it out of the park. |
| 0:59.2 | This podcast was absolutely insane. We kind of go through the the history of communities that came |
| 1:06.1 | out of the 2017 mania went through a grueling bear market together, created culture while culture while their respective teams created protocols |
| 1:15.6 | and turned into the D-Fi protocols that we know of them today. |
| 1:19.6 | And then we talk about liquidity mining and governance tokens and distributing ownership over these pseudo equity cash flow protocols |
| 1:27.0 | and then we talk about how these things compose together |
| 1:30.0 | and then we finish off with some of the most insanely bullish predictions I've ever heard ever about crypto at the very end. |
| 1:37.0 | So you guys got to listen to the whole thing. |
| 1:40.0 | This episode just flowed so beautifully. |
| 1:42.0 | Ryan, what did you think about this episode? flowed so beautifully. |
| 1:42.6 | Ryan, what did you think about this episode? |
| 1:44.0 | Yeah, you know, we always talk in the intro. |
| 1:46.2 | We always talk about how to get started, how to get better, |
| 1:47.9 | how to front run the opportunity. |
... |
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