89 - A New Era for DeFi | Scoopy Truples of Alchemix
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 21 October 2021
⏱️ 67 minutes
🧾️ Download transcript
Summary
Scoopy Truples from Alchemix returns to Bankless to update us on what lies ahead for the protocol, and more broadly, the DeFi ecosystem.
Alchemix v2 is on the horizon, which will allow for much more composability and integration with the rest of DeFi, as well as introducing new means of collateral such as LUSD and MIM. Scoopy also details plans for Layer 2 and Cross-Chain launches.
The second half of the conversation turns to DeFi 2.0, which Scoopy outlined in this epic twitter thread. This new generation of DeFi projects introduce a new primitive for bootstrapping liquidity and capital to a protocol, which traditionally has been achieved via incentivized liquidity pools.
This new model allows protocols to purchase LP positions and accrue value more sustainably, discouraging mercenary capital that leaves when rewards taper off. Scoopy brings big ideas and digestible explanations to this complicated topic, contextualizing what may become a new era for DeFi.
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Topics Covered:
0:00 Intro
3:30 Scoopy Truples & Alchemix v2
8:02 Optimizing Yield
13:03 Community & alETH Vault
21:23 Layer 2 & Cross-Chain
29:58 Governance & Participation
37:00 DeFi 2.0 and Olympus DAO
49:16 How it Works
54:39 Flushing out Toxic Liquidity
58:24 Adopting this Primitive
1:01:23 Tokemak
1:03:54 Closing & Disclaimers
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Resources:
Scoopy on Twitter:
https://twitter.com/scupytrooples?s=20
Scoopy’s DeFi 2.0 Thread
https://twitter.com/scupytrooples/status/1447398430574141445?s=20
Alchemix Links:
- Twitter: https://twitter.com/AlchemixFi?s=20
- Discord: https://discord.com/invite/alchemix
- Website: https://alchemix.fi/
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Transcript
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| 0:00.0 | Hey, Banclist Nation. Welcome to this special edition of the Banclist podcast. Today I'm talking |
| 0:12.0 | with Scooby Trooples of the Alchemics Protocol. We had Scooby on a while ago on the state of |
| 0:18.0 | the nation to talk all about Alchemics from Fee One and also the new ETH vaults that were coming |
| 0:23.2 | online shortly thereafter. And today we are getting an update as to the state of the Alchemics ecosystem. |
| 0:30.0 | The story of the Al ETH vaults and what happened with that and also the story of the coming V2 of |
| 0:36.1 | Alchemics as well as their layer 2 plans. And then I also pick Scooby's brain with what he |
| 0:42.3 | is calling a new era for DeFi, which is using Olympus Dow's primitive to replace the |
| 0:49.2 | traditional yield farming mechanism where you just deposit your liquidity into a contract and then |
| 0:54.0 | you receive the governance tokens as a reward for depositing your liquidity. Scooby thinks that |
| 1:00.1 | the time of that model for yield farming has come to an end and is going to be replaced by |
| 1:04.4 | something much more sustainable, much more long term aligned. And so we go into the details of that |
| 1:10.5 | as well. So I hope you enjoy this update as to the state of Alchemics V2 as well as Scooby's brain |
| 1:17.2 | with regards to what's going on in DeFi. And so we're going to go ahead and get right into that |
| 1:21.1 | conversation. But first a moment to talk about some of these fantastic sponsors that make the show |
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| 1:31.3 | gasless trading. So if you're trading more than $5,000 in common ETH and wrapped Bitcoin pairs, |
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| 1:43.0 | Matcha routes your orders across all the various DeFi exchanges on Ethereum, polygon, |
| 1:48.2 | finance, smart chain and gives you the best possible price without any trading fees or unnecessary |
| 1:53.1 | slippage. Matcha has smart order routing that splits your orders across multiple liquidity sources |
| 1:58.4 | if matcha sees that it gets you better pricing. Trading on matcha is super easy because it pulled |
| 2:03.2 | the liquidity for me into a single and easy to use platform and has even saved me multiple times |
... |
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