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SotN#9 (PART 1) - PROPAGATING (WTF ARE YAMS, DEX VOLUME INSANE)

Bankless

Bankless

Technology, News, Tech News

4.71.2K Ratings

🗓️ 12 August 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

STATE OF THE NATION #9 (Part 1) - Tuesday, August 12, 2020

Watch on the Bankless YouTube Channel

The State of the Bankless Nation is....PROPAGATING! The bankless boys discuss why. This is Part 1 of SOTN this week.

Stay tuned for Part 2 with Vitalik tomorrow.

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Covered:

  1. WTF ARE YAMS
  2. DEX VOLUME INSANE

PART 2: (COMING TOMORROW - ETH SUPPLY GATE)
Special guest Vitalik Buterin

We show: 

  1. Post introducing YAMS
  2. Active YAM farms
  3. YAM farm contracts
  4. AmpleForth Geyser
  5. $34B annualized in Uniswap volume
  6. Uniswap eating DeFi

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Episode Actions:

  1. Catch tomorrows episode with Vitalik on ETH Supply
  2. Watch what's going on with YAM contracts
  3. Check out DEX stats

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

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Don't stop at the show!

Subscribe to the Bankless newsletter program
http://bankless.substack.com/

Visit the official Bankless website for resources
http://banklesshq.com/

Follow Bankless on Twitter
https://twitter.com/BanklessHQ

Follow Ryan on Twitter
https://twitter.com/ryansadams

Follow David on Twitter
https://twitter.com/TrustlessState

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


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Transcript

Click on a timestamp to play from that location

0:00.0

Hello everyone. Welcome to State of the Nation.

0:15.0

episode 9. David and I are super excited about the State of the Nation today.

0:21.0

We're going to talk about what's happening like we usually do,

0:24.1

related to big picture stuff, drops and insights and action items, and right after we talk about our

0:30.7

sponsors, I'm going to mention a few other updates today as well as the schedule.

0:35.0

But David, why don't we start with our sponsors? You want to kick it up?

0:39.0

Yeah, so I was playing with one of our sponsors games last Friday

0:43.6

and a little bit this weekend.

0:44.7

Gods Unchained.

0:46.0

For those of you that played Magic the Gathering,

0:48.9

for those of you that played Harstone, Yugio,

0:51.5

this is a game just like that, but instead the cards that you own in the game are

0:57.0

ERC 721 tokens on ethereal.

1:00.0

And so the big problem with Magic the Gathering was that it was physical so you had to be across from a person with other physical cards to play them.

1:08.0

So that kind of sucked.

1:09.0

And then there's Harstone that came around so you could play over to their computer but then you never owned your

1:13.9

actual cards because Blizzard just owned them on a centralized database.

1:17.2

What God's Unchain does is they have the best of both worlds right where

1:21.5

you own your cards because they're digital assets

1:24.2

on the Ethereum, but you can play on the online medium

1:27.5

that the world is now turning to.

1:29.2

So it's a really fantastic game,

...

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