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SotN#18: ANTICIPATING! w/ Tim Beiko (EIP1559, ETH 2.0, Elections, market crossroads)

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 14 October 2020

⏱️ 78 minutes

🧾️ Download transcript

Summary

📣 Join us at Invest Ethereum Conference Oct 14th - http://bankless.cc/investeth

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Tim Beiko (ConsenSys) the chief herder of cats for EIP1559 tells us what EIP1559 is and if it's actually happening anytime soon on Eth1.

Topics:

- EIP1559 is Ethereum's scarcity engine

- What’s the current state of EIP1559?

- Is it actually happening?

And then...

- The 6 things driving the crypto markets right now

Links: Ethereum Cat Herders report on EIP1559: https://medium.com/ethereum-cat-herders/eip-1559-community-outreach-report-aa18be0666b5

Checklist for EIP1559 readiness: https://github.com/ethereum/pm/blob/master/Fee%20Market%20Meetings/mainnet-readiness.md

Geth managing Ethereum State: https://blog.ethereum.org/2020/07/17/ask-about-geth-snapshot-acceleration/

What's driving the market: https://bankless.substack.com/p/whats-driving-the-market-market-monday

Bitcoin's scarcity game: https://bankless.substack.com/p/bitcoins-scarcity-game

Five-star reviews to help grow the Nation!

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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

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0:00.0

The bankless state of the nations are brought to you by WIREN. WIREN is DeFi's first

0:05.0

self-building community run project, which I just get really, really excited

0:09.2

about. WIREN is a system that seeks out yield in DeFi and it does that in a

0:13.9

number of different ways. A very aggressive way is with the vaults where you

0:17.7

can deposit your preferred asset of choice and different DeFi experts will come

0:22.5

in and generate a strategy for what to do with your deposited token, right? And

0:27.2

so it'll go find ways to get yield in that deposited token in DeFi. For those

0:32.6

who want to just earn yield on their stablecoins, the earn system is for you

0:36.3

where you can deposit your preferred stablecoin and WIREN will go and figure out

0:40.8

which money market on DeFi in DeFi is producing the best interest rate, whether

0:45.2

it's dy, dx, it's compound or Ave. It looks around DeFi to see where the yield

0:50.4

is coming from and it directs stablecoins automatically so you don't have to.

0:54.3

Check them out at YERN.Finance to get started and also check out the stats

0:58.7

page to see what other people are doing as well. We're also brought to you by

1:02.0

Monolith. Monolith is your cool new DeFi account. Your DeFi savings account, your

1:07.5

DeFi checking account, except the cool thing about the Monolith DeFi account is

1:11.2

that it gets software updates, right? You actually get to increase the

1:14.6

usefulness of this over time. So here are some of the features. Monolith is a

1:18.3

smart contract wallet with a lot of the features that you would expect if

1:22.1

you've come to know DeFi and what it is, you can add money to it, you can put

1:26.5

that money to work in compound and accessing yield. But you can also swap

1:32.0

through Uniswap. What was cool with Monolith is that they will send you a very

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