Dan Elitzer, investor at IDEO CoLab Ventures, and Will Price, data scientist at Flipside Crypto, discuss the yield farming craze. In this episode, we cover: <ul> <li style="font-weight: 400;">the goals of protocols offering liquidity mining</li> <li style="font-weight: 400;">the goals of users yield farming right now</li> <li style="font-weight: 400;">whether users of Compound will have much awareness of COMP in the future</li> <li style="font-weight: 400;">how Compound is trying to dampen inorganic activity and properly align incentives </li> <li style="font-weight: 400;">how incentives in one DeFi protocol can screw up another's such as changes in Compound's liquidity mining program causing Dai to lose its peg</li> <li style="font-weight: 400;">whether the activity created by liquidity mining is sustainable and how</li> <li style="font-weight: 400;">whether Compound is overvalued and how to determine valuations for DeFi tokens</li> <li style="font-weight: 400;">the security risks that come with trying yield farming</li> <li style="font-weight: 400;">how teams can keep their protocols safe given the composability of DeFi and the growing number of developments in the space</li> <li style="font-weight: 400;">whether the yield farming craze will cause the price of ETH to rise and why the prevalence of stablecoins might prevent that</li> <li style="font-weight: 400;">whether new DeFi tokens could push flagging layer 1s out of the top 10</li> <li style="font-weight: 400;">what will happen if even more Bitcoin comes to DeFi</li> <li style="font-weight: 400;">how the next big thing in DeFi might be trying to stack yield across protocols and eventually prime brokerage protocols</li> </ul> Thank you to our sponsor! <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://www.crypto.com/">https://www.crypto.com</a>   Episode links:  Dan Elitzer: <a href= "https://twitter.com/delitzer">https://twitter.com/delitzer</a> IDEO CoLab Ventures: <a href="https://www.ideocolab.com/ventures/">https://www.ideocolab.com/ventures/</a> Will Price: <a href= "https://twitter.com/will__price">https://twitter.com/will__price</a> Flipside Crypto: <a href= "https://flipsidecrypto.com/">https://flipsidecrypto.com</a>   Total value locked in Compound: <a href= "https://defipulse.com/compound">https://defipulse.com/compound</a>   What liquidity bootstrapping pools are: <a href= "https://medium.com/balancer-protocol/building-liquidity-into-token-distribution-a49d4286e0d4"> https://medium.com/balancer-protocol/building-liquidity-into-token-distribution-a49d4286e0d4</a>    Dan on earning more from borrowing USDT than lending it on Compound: <a href= "https://twitter.com/delitzer/status/1272642107128164354"> https://twitter.com/delitzer/status/1272642107128164354</a>    Tony Sheng on how yield farming works and how much you can earn from it: <a href= "https://twitter.com/tonysheng/status/1274393189231689728"> https://twitter.com/tonysheng/status/1274393189231689728</a>   And his followup on the risks of yield farming: <a href= "https://twitter.com/tonysheng/status/1274780457729617920"> https://twitter.com/tonysheng/status/1274780457729617920</a>   The purpose of COMP for governance: <a href= "https://medium.com/compound-finance/compound-community-ownership-ee0ed1252cc3"> https://medium.com/compound-finance/compound-community-ownership-ee0ed1252cc3</a>  <a href= "https://medium.com/compound-finance/expanding-compound-governance-ce13fcd4fe36"> https://medium.com/compound-finance/expanding-compound-governance-ce13fcd4fe36</a>   Risks of so much BAT being held in Compound: <a href= "https://twitter.com/spencernoon/status/1276897377446776832?s=20"> https://twitter.com/spencernoon/status/1276897377446776832?s=20</a> <a href= "https://twitter.com/defiprime/status/1277026665952980992?s=20"> https://twitter.com/defiprime/status/1277026665952980992?s=20</a> <a href= "https://twitter.com/devops199fan/status/1274732220192829441?s=20"> https://twitter.com/devops199fan/status/1274732220192829441?s=20</a>   Cyrus of MakerDAO concerned about the risks COMP poses to the Dai peg: <a href= "https://forum.makerdao.com/t/upcoming-comp-farming-change-could-impact-the-dai-peg/2965"> https://forum.makerdao.com/t/upcoming-comp-farming-change-could-impact-the-dai-peg/2965</a>   Dan Guido and Taylor Monahan on Unchained discussing DeFi security: <a href= "https://unchainedpodcast.com/defi-security-with-so-many-hacks-will-it-ever-be-safe/"> https://unchainedpodcast.com/defi-security-with-so-many-hacks-will-it-ever-be-safe/</a>   Twitter discussion on whether ETH price will rise due to yield farming: <a href= "https://twitter.com/RyanSAdams/status/1274781676875452421"> https://twitter.com/RyanSAdams/status/1274781676875452421</a>   What will happen to other Layer 1s? <a href= "https://twitter.com/Shaughnessy119/status/1274376237239189504?s=20"> https://twitter.com/Shaughnessy119/status/1274376237239189504?s=20</a>  Aquaponic yield farming: <a href= "https://bankless.substack.com/p/aquaponic-yield-farming"> https://bankless.substack.com/p/aquaponic-yield-farming</a>

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DeFi Yield Farming: Why It's All the Rage But Risky - Ep.180

Laura Shin