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ETH 2.0 AMA with Danny Ryan

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 22 October 2020

⏱️ 70 minutes

🧾️ Download transcript

Summary

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ETH 2.0 AMA with Danny Ryan

Danny Ryan is a researcher at the EF and is one of the lead coordinators behind the ETH 2. movement!

Listen to Danny's talk at ETH Online! https://www.youtube.com/watch?v=wEh4u5a-43o&t=1539s

Check out ETH Online! https://ethglobal.online/#schedule

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Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

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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. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

Transcript

Click on a timestamp to play from that location

0:00.0

WIearn is DeFi's first self-building project on Ethereum, focused on producing products

0:05.6

for those who are interested in earning yield in DeFi. WIearn's various products are all built

0:11.6

to suit each individual investor's preferred level of risk, from various vault strategies

0:16.7

that leverage DeFi tokens to the safer urn system which relies on stablecoins.

0:21.6

Vaults are aggressive yield-farming robots, each with a unique strategy that is designed to

0:26.2

maximize the yield of the deposited asset. WIearn employs from the most informed developers

0:31.6

in DeFi to keep the vault strategies updated with the various yield-farming opportunities on Ethereum.

0:36.9

For customers who are more risk-adverse, the WIearn's urn product may be for you. Urn is a yield-aware

0:43.3

dynamic money market that automatically seeks the best interest rates across the various DeFi

0:48.0

protocols and regularly migrates your deposited stablecoins between the DeFi protocols that are

0:53.7

returning the best yield at the present moment. WIearn is a system that is just a little over four

0:58.3

months old, so things are still very much an experiment. However, this hasn't stopped for people

1:02.5

from depositing over $700 million worth of assets into the WIearn system in order to find yield

1:08.5

on Ethereum. Perhaps the people that deposited all this money were tired of constantly making

1:13.2

daily transactions to follow the best DeFi interest rates, and maybe the gas fees that they were

1:18.1

paying ended up eating too much into their profits. With WIearn, it doesn't remove the risk of

1:23.5

these various protocols that it leverages, but it does remove the overhead of constantly trying to

1:28.1

make sure you're finding the best yield, and also so that you don't have to pay for gas to

1:32.6

switch up your assets. Check out the products that WIearn has to offer at yearn.finance. That's

1:38.7

y-e-a-r-n.finance, which they also have a nice statistics page to see what other people are doing.

1:45.5

Bankless Nation. Do you want to go fully bankless, but in the real world,

1:50.0

Monolith is the DeFi account that you need. It wraps your ETH address in a bankless visa card,

...

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