DeFi Antifragility & the Rise of DeFi 3.0

DeFi is dead, long live DeFi

Edit: I know I got the math wrong because I rushed through that part. The LTV isn’t constant and it decreases every loop so I’ll highlight the “correct” math here. I’m a bit flustered right now but hopefully the math police doesn’t come at me: https://docs.google.com/spreadsheets/d/1pCye8uKN0dOLNtQqjZEFS30cswAOQHr-WTTB7uLHV5o/edit#gid=1464944617

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slides: https://docs.google.com/presentation/d/1LYbJFkWJb_qADu0909tLRl_U6_ILBrENqzCXc_BL7LU/edit#slide=id.g25fd6ddd914_0_64

MKR RWA report: https://forum.makerdao.com/t/real-world-asset-report-2023-06/21461
MKRburn dashboard: https://makerburn.com/#/buyback
Governance Proposal: https://vote.makerdao.com/executive/template-executive-vote-edsr-adjustment-vault-and-smart-burn-engine-parameter-updates-crvv1ethsteth-a-offboarding-delegate-compensation-and-other-changes-august-17-2023
Rune’s vision for DSR and MKR EndGame: https://forum.makerdao.com/t/request-for-gov12-1-2-edit-to-the-stability-scope-to-quickly-modify-enhanced-dsr-based-on-observed-data/21581

My mission is to create high-quality, digestible (ad-free) content that helps separate signal from noise for DeFi/NFT enthusiasts. I do not run YouTube ads, participate in seed investments, nor do paid promotions. Not Financial Advice.

Timestamps:
0:00 Is DeFi Dead?
2:52 DeFi Antifragility
6:01 The DeFi 3.0 Thesis & Framework
9:18 MKR as the On-chain Federal Reserve
12:25 How DeFi Beats the Risk-free rate
15:30 Positive Sum Games
18:12 Future of Stablecoin Yields
22:52 Flaws of MKR
24:31 Maker Updates
29:00 Rune’s Forum Rants
32:45 Maker EndGame
36:00 Summary: DeFi Evolution
38:50 How DeFi Gets to a Trillion
43:05 On Regulation Risk
45:32 Summary

The goal of this channel is to think about crypto in a different way. Contrary to popular belief, crypto doesn’t have to be, “Buy and hope it goes up.” Through DeFi, there are so many ways to earn high & safe yields on your assets, which is a total game changer in terms of portfolio construction.

Yield farming is not a “get rich quick scheme,” but rather a “slow grind to more wealth” strategy. And I argue that USING DeFi is the best way to LEARN DeFi, which will present natural alpha for you in the future. I am not an ecosystem maxi, but a yield maxi. If an ecosystem presents a good risk-adjusted yield, I will be there. Subscribe to follow my journey!

#Yield #Farming #Farms #Farm