TribeDAO - The Biggest Protocol Merge Ever
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 5 January 2022
⏱️ 59 minutes
🧾️ Download transcript
Summary
In the latter half of 2021, Jai Bhavnani of Rari Capital and Joey Santoro of FEI Protocol went to each other's governance forums and proposed the FEI RARI token merge: the biggest protocol merger that we've ever seen in the space.
The concept garnered high engagement and a ton of community response, and the formal votes received overwhelming support on both sides. This unprecedented merge is a historical moment for DAOs. The verticalization of DeFi is happening with new 'mafias' emerging in several corners of DeFi. Uniting capital efficiency, values, and communities, we are right alongside Jai with his excitement to see how this all plays out.
With new conversations of anti-trust and competition, it's clear that the DAO space is continuing to mature. Integrated DeFi stacks are increasingly exciting, and in this episode, we dive into the details with two pioneers of interDAO relationships.
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Topics Covered:
0:00 Intro
5:50 The TribeDAO Merger
10:48 Rari Capital & FEI
13:37 FEI & Rari Capital
17:14 Liquidity Engines
24:36 Turbo Verticalization
29:12 Aligning Incentives
32:08 The God Theory of DAOs
35:19 RGT & Operations
40:53 The Broader DAO Space
46:36 Anti-Trust in Crypto
52:36 TribeDAO Roadmap
56:42 Closing & Disclaimers
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Resources:
Jai on Twitter:
https://twitter.com/jai_bhavnani?s=20
Joey on Twitter:
https://twitter.com/joey__santoro?s=20
FEI:
https://twitter.com/feiprotocol?s=20
Rari:
https://twitter.com/RariCapital?s=20
Jai's Forum Post:
https://tribe.fei.money/t/fip-51-fei-rari-token-merge/3642
Joey's Forum Post:
https://forums.rari.capital/d/177-feirari-token-merge
Swap RGT for TRIBE:
https://feirari-swap-interface.vercel.app/
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | We are in a very positive sun game and I'm not going to discount that, but at the end of the day |
| 0:05.4 | It is also a very competitive industry and I'm excited to see how each of the players evolve to try and win |
| 0:14.2 | Welcome at Bancliffe's nation to the state of the nation |
| 0:16.8 | This is the episode where we talk about what's happening |
| 0:19.2 | We relate it to the big picture items and of course we dropped some action items and insights about whatever is going on in the new cycle |
| 0:26.8 | Encrypto this week. This comes out every single Tuesday |
| 0:29.9 | We usually livestream this on the YouTube and it also goes out on the Bancliffe podcast every single Wednesday morning and |
| 0:35.6 | To this week we are talking about the first major protocol merger |
| 0:40.3 | Can protocols merge apparently they can in DeFi? |
| 0:43.8 | How does a Dow to Dow merge even work? What's actually happening here between Faye and Rari? |
| 0:50.1 | Where are the synergies? |
| 0:51.7 | What are the alignments behind this merger? And is this the first of many merges to come all questions that we ask Joey and Jay of |
| 0:58.7 | Tribe and Rari capital |
| 1:00.6 | But first before we get to that conversation some announcements |
| 1:03.4 | You might have noticed that Ryan is no not here at the moment |
| 1:07.2 | Ryan the AI robot is down due to a massive snowstorm that hit the state of Virginia |
| 1:12.9 | He is currently in his car at a gas station |
| 1:15.8 | Wifi trying to talk to me and I told him no Ryan you cannot come on the the podcast without pristine internet quality |
| 1:22.3 | So he is sadly not able to make it this week and in addition to that |
| 1:26.8 | We also had Vitalik but are on the podcast one more time that podcast came out on Monday |
| 1:32.2 | We talked about the future of the Ethereum roadmap what is left? |
| 1:35.4 | Vitalik thinks that we are perhaps 50% of the way done once we get the merge with the Ethereum roadmap |
... |
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