SotN#29: Erik Voorhees & ShapeShift (SotN29: Erik Voorhees & ShapeShift (DEX Aggregator, Regulation, Deplatforming, and the Bull Market)
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4.7 • 1.2K Ratings
🗓️ 13 January 2021
⏱️ 53 minutes
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State of the Nation #29
Erik Voorhees & ShapeShift
(DEX Aggregator, Regulation, Deplatforming, and the Bull Market)
Erik Voorhees is the CEO of ShapeShift, a company offering exchange and trading infrastructure, but doesn't act like a typical exchange!
ShapeShift ( https://shapeshift.com/) used to be a place where one could atomically trade asset-for-asset. You would set up a trade between two different assets like BTC and ETH. ShapeShift would give you a BTC address to receive BTC, and you would give ShapeShift an Ethereum address for them to return ETH to you. ShapeShift never required you to 'deposit' your money, and never held onto users' funds!
It was a very popular product during the 2017 Bull Market, yet the company decided to implement KYC requirements, in a move to protect the company from legal liability.
It looks like ShapeShift has found a way to remove those KYC requirements without legal risk, and that is by becoming a DEX aggregator!
We discuss this pivot with Erik, as well as a few other topics as well:
- Crypto regulations in 2021
- "deplatforming"
- The new crypto bull cycle.
Tune in to this week's State of the Nation!
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Transcript
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| 0:00.0 | Welcome everyone to another episode of State of the Nation. |
| 0:17.7 | David and I bring this to you on Tuesdays, 2 p.m. Eastern. |
| 0:22.0 | You can catch it live on YouTube, then, David, what's this show about? |
| 0:27.1 | State of the Nation is the weekly show where we grab a headline event event in the news cycle |
| 0:34.0 | and we grab a guest who can speak about that and today that guest is Eric Voorhees. |
| 0:39.7 | Eric Voorhees is the CEO of ShapeShift which is a company in the crypto space that has done a |
| 0:44.8 | number of pivots which they are just about to do again. They have pivoted into the world of being |
| 0:49.8 | a DEX aggregator and while that is a cool topic in of itself and we definitely go into the details |
| 0:56.0 | behind that choice with Eric, it also is a reflection of the changing landscape of crypto. |
| 1:02.4 | The current events of crypto are perhaps incentivizing this sort of decision to leverage decentralized |
| 1:10.0 | protocols in order to run a company. There is a lot of conversation to be had there and that's |
| 1:14.6 | what we get into with Eric in this podcast. So we get into ShapeShift, we get into D5, |
| 1:19.3 | we get into protocol sync thesis, we get into regulations, we get into this topic of de-platforming |
| 1:25.2 | and we finish with something like I think Eric is uniquely positioned to talk about and that's |
| 1:30.3 | like crypto market cycles because he's been through almost every single one so he's got some great |
| 1:35.6 | advice near the end especially for those of you that are looking at the current prices, |
| 1:40.5 | feeling like that 30% drop and getting a little worried so stay tuned for that. Some announcements |
| 1:46.7 | too. We've got some things going on in the bankless nation community as we usually do. |
| 1:52.1 | The first is this so you may know that we roll out NFT badges for |
| 1:56.8 | pure for bankless members who sign up, they become full subscribers to the bankless newsletter, |
| 2:02.0 | there's some perks that go along with that and David, we are actually releasing a new badge design |
| 2:08.1 | for the 2021 edition. Let me show it here on the screen but what we're looking for is a slogan |
... |
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