📈 How Are DeFi Yields So High?

This is a great primer on yield farming in DeFi from Nat Eliason. Seeing the insane 1000% APYs on some DeFi products, you have to wonder if it’s a Ponzi scheme (hint: sometimes it probably is). But there are plenty of legitimate and relatively reliable projects growing right now that look fascinating for the movement.

☁️ Cloudflare’s Intelligent Design

Cloudflare has such an interesting approach to building the “pipes and wires” of the internet, a...

🏦 Understanding Financial Institutions

Arnold Kling has an interesting point this week in reference to decentralized finance. He argues that for DeFi to work, we need folks that understand the moving parts on two complex fronts: crypto and the financial system. Many folks on each side don’t deeply understand the other:

Marvin Ammori understands more than I ever will about decentralized finance (DeFi). Indeed, there are thousands of young techies who understand DeFi better than I do.

But I bet that in order for DeFi to work, you need...

I’ve gone over off the deep end the last couple weeks trying to wrap my head around DeFi. To date I’ve only dabbled in crypto, being lucky enough to ride some small waves, though nothing life-changing.

DeFi (decentralized finance) is fascinating for its disruption potential (and Ethereum platform on which it’s all built). A basic understanding of the conceptual possibilities shows this stuff is here to stay, even if not in the same form or as loud as meme-ish as it’s been over the past year.

Through Twitter I discovered a channel called Finematics that has a ton of great...