About this episode
Episode: #11
May 11, 2020
Your savings account, your high-yield bank deposits, a CD. Can we replace these bank functions with a protocol?
Compound seems to think so. Compound is a two-sized money robot that provides borrowing and lending to create something new: interest. Learn what it does, why it's powerful, and how it's evolving as we talk with Robert Leshner. We even ask if there's a way for the community to get its hand on some Comp tokens and start shaping the future of the protocol.
We cover:
- What you can do w/ Compound
- Power of programmable interest
- How Compound's different than:
- WellsFargo (traditional banks)
- Maker (other procotols)
- BlockFi (crypto banks)
- If crypto banks will out-compete DeFi
- How you can get COMP tokens
- Future of protocol politicians
- The protocol sink thesis
- Robert's biggest fear for DeFi
- How the Bankless community can help
- Tron stealing our tax money
- What wBTC backing means for DAI
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Resources discussed:
- Compound protocol - interface
- Dharma - build on Compound
- Compound governance - interface
- Ryan's voting record - two votes!
- Read:
- How to get a Dai savings Rate - include Compound
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Episode Actions:
- Try earning interest on Compound
- Stay tuned for governance opportunities:
- Here's how Bankless plans to govern
- Give Bankless a 5-star review on iTunes right now!
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