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Unchained

The Chopping Block: Which DeFi Metrics Are Still Useful in a Bear Market? - Ep. 550

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 30 September 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the group sits down to discuss why U.S. crypto conferences are quieter than they have been in the past, which DeFi metrics are still useful for measuring a changing market, and advice for NFT founders on how to continue to innovate. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights:  Why Tarun says that the U.S. is “dead as a doorknob” for crypto for crypto conferences Main takeaways from recent crypto conferences such as Token2049 in Singapore and Permissionless in Austin How the metrics in DeFi keep changing, and which ones still have merit What are “chart crimes” and the gang's advice for entrepreneurs pitching to VCs Why Haseeb doesn't think that token economics are as useful as everyone thinks The Stoner Cat settlement with the SEC and how it impacts the broader conversation about whether NFTs are securities  Legal drama between the co-founders of the Milady NFT project Advice for NFT founders on how to achieve success in a changing market Hosts Haseeb Qureshi, managing partner at Dragonfly  Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly  Tarun Chitra, managing partner at Robot Ventures Disclosures Links NFTs Unchained:  Mila Kunis’ Stoner Cats NFT Project Pays $1 Million to Settle SEC Charges  Milady NFT Founder Says Rogue Developer Embezzled $1 Million from Treasury PFP NFTs: What Are They & Why Are They So Popular? Generative Art NFTs: What Are They & Why Are They So Popular? SEC: Are NFTs Securities? Token2049: Haseeb’s panel on alt L1s DeFi and metrics: Unchained: What Is TVL in DeFi? A Guide to Total Value Locked Can DeFi Allow You To Be Your Own Bank? How to Invest in DeFi: 4 Ways You Can Explore Today Yield Farming: What Is It & How Does It Work? Regulation Unchained: U.S. House Lawmakers Urge SEC's Gensler to Approve Spot Bitcoin ETFs The Block: Gensler takes heat from lawmakers over his approach to regulating crypto Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Token economics can do way less than the industry on the whole has claimed that it's able to do and so for the most part

0:07.2

I sort of consider token economics to be a little bit of a dirty word today compared to how I saw it two years ago

0:13.6

It's a tale of two pawn now your losses are on someone else's balance generally speaking air drops are kind of way less

0:19.4

Anyways, I made trading firms who were very involved

0:22.9

I like that eat that the old defy protocols part of the antidote to this problem

0:29.0

Hello everybody welcome to the chopping block every couple weeks the four of us get together and give the industry insiders perspective on the crypto topics of the day

0:35.7

So quick intro is first you got Tom the defy maven and master of memes next we got Robert the crypto connoisseur and Zarr of super state

0:42.0

Then we've got to run the gigabrain and grandpa ba at gauntlet and finally I'm deceived they had high-man a dragonfly

0:48.2

So we're early stage investors in crypto, but I want to caveat that nothing we say here is investment advice legal advice or even life advice

0:54.4

Please see chopping block that XYZ for more disclosures

0:58.1

Alright, so it's been a crazy couple weeks. There's been a lot of conferencing going on think all most of us

1:03.7

Minus Robert were at token 2049 in Asia. I guess Tom and Taroon you guys are back in the States

1:08.5

There was also main net in New York

1:10.8

What's been the vibe give me give me the brain dump of what conferencing is felt like in the last few weeks the US is dead

1:17.7

There's a door knob for crypto. It seemed like the US conferences had

1:22.0

Less attendance than they normally do amongst other things whereas the Asia conferences were crazy like

1:27.2

I just didn't think there were 12,000 people who wanted to go to a crypto conference in 2023 and clearly

1:32.8

There was much more in Singapore. Singapore was insane. Yeah, I think token 2049 had more people than East Denver

1:38.8

Like it was it was pretty wild. I mean, it is like the premiere event in Asia and it sold out

1:44.0

Yeah, yeah, I mean it was a gigantic venue, right? One of the I mean obviously East Denver was a very large venue as well

1:49.6

But it was it was it was absolutely massive

1:52.9

Robert you were a permission list. How did permission list feel?

...

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