Rari's March to $1 Billion | Jai Bhavnani (SotN)
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 13 October 2021
⏱️ 70 minutes
🧾️ Download transcript
Summary
Jai Bhavnani is the Co-Founder of Rari Capital, the DAO behind a quickly growing suite of DeFi protocols. Most popular is Fuse, the open interest rate protocol that allows users to lend and borrow digital assets. As Fuse approaches $1B total value locked, Rari recently announced permissionless Fuse pool creation. This means that anyone with liquidity can create a money market for their digital asset of choice.
Rari finds itself at the center of what is being described as DeFi 2.0, a loose collection of newer DeFi protocols which orbit around novel tokenomics, game theory, and memes. Tune in to find out where Rari sits among resident DeFi blue chips, and the future of young people pioneering in the crypto space.
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Topics Covered:
0:00 Intro
10:00 Jai Bhavnani
16:22 Rari Capital
20:47 The Long Tail & Risk
29:02 Assessing Risk & Yield
33:08 Total Value Locked
38:46 Roadmap
44:00 ZoomerFi, DeFi 2.0
52:47 Build Fast, Break Fast
58:19 Crossing $1B
1:00:51 Regulation & Zoomers
1:04:54 What's Left to Build?
1:08:12 Closing & Disclaimers
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Resources:
Jai on Twitter:
https://twitter.com/jai_bhavnani?s=20
Rari Capital:
https://rari.capital/
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Transcript
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| 0:00.0 | Hey, Bankless Nation, welcome to another episode of State of the Nation. |
| 0:10.3 | This is the episode where we go deep on a topic that is in the news. |
| 0:14.7 | And today we're going deep on Rari Capital. |
| 0:17.5 | This is maybe the uniswap of lending. |
| 0:19.9 | They've just made their pools permissionless. |
| 0:22.5 | We're going to talk about what that means, we're going to talk about what Rari is. |
| 0:27.7 | I think that TLDR here, David, is that anybody can be their own compound. |
| 0:32.5 | Anybody can open up their own pool and be their own Aave. |
| 0:35.9 | But give us the quick rundown of what this is and why it's important, |
| 0:40.0 | why we're talking to Jay from Rari today. |
| 0:43.4 | Yeah, just like you said, Rari Capital is a modular lending market. |
| 0:48.2 | I think it's an interesting way to explain it. |
| 0:50.1 | And there's also a chance that during this stream, |
| 0:53.4 | we watched Rari Capital cross $1 billion in TVL right now. |
| 0:58.2 | It's clocking in at $986 million, creeping upwards. |
| 1:02.5 | And the growth in Rari Capital because of their innovations |
| 1:06.5 | has just absolutely blossomed from just $100 million about 90 days ago |
| 1:12.1 | to where it is now perhaps crossing a billion dollars live on the stream. |
| 1:17.1 | So we're going to go into the details about how Rari Capital incentivized |
| 1:22.4 | all this capital to become deposited into the Rari smart contracts. |
| 1:26.9 | There's also another story of that Rari Capital is a protocol generated |
| 1:32.0 | by three very young individuals at the time when teenagers started. |
... |
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