Posts in DAOs
The Roaring Twenties of Populism, Institutionalism, and Technology's Meaning

It must have been hard for those early Internet dot com founders to watch their ideas burn up like kindling. What was yesterday a song of genius and risk-taking became a caricature of hubris and bubbles. Pets.com, lol, they said.

Of course all the Internet people were right, just not at the right time. Being in the moment, you really can’t tell when the right time is. You might only be able to tell when it’s over, and the music ain’t playing no more.


It’s the roaring twenties, people say about the start of this decade. Like, that’s a good thing? Of course the 1920s ended with the Great Depression, a restructuring of the social order, and a political path to the worst war in human history. But you know, some people had fun in the stock market! Even Keynes — for all his economist words — lost his shirt. Only political power and the gun mattered in the end. It was Kafka who was right.

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The State of Decentralized network M&A in 2021, with Polygon's $650MM of acquisitions

We look at the state of M&A in decentralized protocols, and the particular challenges and opportunities they present. Our analysis starts with Polygon, which has just spent $400 million on Mir, after committing $250 million to Hermez Network, in order to build out privacy and scalability technology. We then revisit several examples of acquisitions and mergers of various networks and business models, highlighting the strange problems that arise in combining corporations with tokens. We end with a few examples that seem more authentic, highlighting how they echo familiar legal rights, like tag alongs and drag alongs, from corporate law.

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Origins of Metamask's 20 million Web3 users, with co-founder Dan Finlay

In this conversation, we chat with Daniel Finlay – a former Apple software developer, co-founder and co-lead developer on MetaMask – a non-custodial Ethereum wallet, allowing users to store Ether and other ERC-20 tokens and make transactions. Further. With the growth of DeFi and NFTs over the past year, MetaMask has increased in prominence as an entry point for novice users. So much so that its user base is now over 20 million monthly active users.

More specifically, we touch on how Dan went from teaching kids to code to having an app rejected by the Apple App Store to MetaMask, the philosophy behind e-government, questioning the role and job of software engineers, how crypto wallets compare to neobanks, and so so much more!

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DAOs 101, with SharkDAO, PartyDAO, and Juicebox contributor Nicholas

In this conversation, we chat with Nicholas – an NFT developer and a contributor to Juicebox, which is an awesome DAO enablement software, as well as SharkDAO and PartyDAO. He is very active in the ecosystems, got a solidity podcast called Solidity Galaxy Brain, a collaborator with multiple NFT artists, but I could go on and on. Let me welcome Nicholas to the podcast.

More specifically, we touch on the philosophy behind programming and coding, what a decentralized autonomous organization (DAO) truly is and what it is comprised of, various successful examples of DAOs that Nicholas has been involved in, the concept of community and the value that DAOs serve in this respect, how DAOs leverage tools to achieve their purpose, and so so much more!

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Chainlink Co-Founder Sergey Nazarov on building the global decentralized oracle network powering DeFi and Web3

In this conversation, we chat with Sergey Nazarov. Sergey is Co-founder of Chainlink, the leading decentralized oracle network used by global enterprises & projects at the forefront of the blockchain space.

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

More specifically, we touch on what it means to build in DeFi, what Oracles are like, what smart contracts are and what they enable, how all of this works and where the protocol is going, and so much more!

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DeFi 2.0 Primer (part 2): Tokemak aims to aggregate and improve market making, like a decentralized Citadel Oct 27 3

This week we continue the discussion of the shape of DeFi 2.0. We highlight Tokemak, a protocol that aims to aggregate and consolidate liquity across existing projects. Instead of having many different market makers and pools across the ecosystem, Tokemak could provide a clear meta-machine that optimizes rewards and rates across protocol emissions. This has interesting implications for overall industry structure, which we explore and compare to equities and asset management examples.

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DeFi 2.0 Primer (part 1): Rise of Protocol Owned Liquidity and Olympus DAO mechanics

Decentralized finance is formulating new mechanisms to correct for the pitfalls of liquidity mining, yield farming, and other early token distribution approaches. This is happening both at the level of individual projects like Alchemix or Fei, and at the level of industry wide consolidation through Olympus DAO and Tokemak. We explore where this evolution is going, and potential outcomes. In this first part of the analysis, we look closely at Olympus DAO, the concept of Protocol Owned Liquidity, and whether the economics make sense.

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Scaling Web3 with the $10B+ Polygon protocol, with COO Sandeep Nailwal

In this conversation, we chat with Sandeep Nailwal – The Co-Founder & COO at Polygon (previously Matic Network). Sandeep is a long time developer who’s been dabbling in the space since way back in his college days. Originally known as the Matic Network, Polygon rebranded with the aim to reach a global audience and they’ve certainly done just that.

More specifically, we touch on Sandeep’s intriguing entrepreneurial journey, developing a blockchain startup in India, DApps, Scalability & Interoperability of Layer1 and Layer2 blockchain solutions, Zero-knowledge Rollups, NFTs & Gaming, and so much more!

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What's next in Web3? Tachyon Accelerator's MD Gabriel Anderson on early stage in NFTs, DeFi, & Crypto

In this conversation, we chat with Gabriel Anderson – Managing Director at Tachyon, Head of Market Strategy & Business Intelligence at ConsenSys Labs. Former Head of VaynerMedia. Alumnus of Merrill Lynch.

More specifically, we touch on what Tachyon is, how it works, and who it’s for, the growth of crypto, and what needs to come next to allow the widespread adoption of crypto by mainstream society. Gabriel talks about the best projects he has seen so far that combine NFTs with other elements of DeFi and crypto, and what he’d like to see more of in the future.

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Metaverse 101 with Lex Sokolin and Cris Sheridan, Sr. Editor of Financial Sense

In this conversation, Cris Sheridan, who is the Senior Editor of Financial Sense and Host of FS Insider, leads the conversation around the basics to understand the exciting new digital universe, more commonly known as The Metaverse.

More specifically, we discuss all things VR & AR including social media’s proliferation into the sector, Millenial vs GenZ behavioural approaches to the metaverse, the creator economy, NFTs, Axie Infinity, Mr Beast, Computational Blockchains, Decentralized Autonomous Organizations (DAOs), ConsenSys, MetaMask, and Ethereum vs Institutional Finance (Schwab).

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Creating, Transacting, and Storing Value in the Financial Metaverse of NFTs, DAOs, and DeFi

The evolution towards a financial metaverse is rapidly accelerating, with the growth in generative assets, profile picture avatars, the emerging derivative structures that build on their foundation, and DAOs that govern them. This article highlights the most novel developments, and builds the case for what a digital wallet / bank will need to be able to do in order to succeed on the way to this alien destination.

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Sheila Warren of the World Economic Forum on the 4th Industrial Revolution, the role of Law, Government, and DAOs, and the Creator Economy

In this conversation, we are so lucky to tap into the brilliant mind of none other than Sheila Warren who sits on the Executive Committee of the World Economic Forum and is a key member in the executive leadership of the Forum’s Centre for the Fourth Industrial Revolution (C4IR), in which she oversees strategy across the entire C4IR Network, consisting of centers in 13 countries. Sheila also holds board member and advisory positions at multiple institutions and organizations including The MIT Press (Cryptoeconomic Systems), The Organisation for Economic Co-operation and Development (OECD), NGO network TechSoup and she is a Member of The Bretton Woods Committee.

More specifically, we discuss her professional journey from small claims court to NGO Aid to refugees to corporate law to The WEF, touching on rational choice theory, corporate personhood and its correlation to the growth around ESG, new substrates, DAOs and protocols, artificial intelligence, the purpose of The World Economic Forum and its impact on governments and society alike, and just so much more!

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The difference between Gen Z and Millennial online culture, resulting in DAOs, decentralization, and creative financial communities

Gen Z is becoming a cultural force, reshaping culture and online society. This is starting to echo in fintech startups and crypto protocols. We explore how financial communities are beginning to congeal into DAOs, their nature and structure, and potential longer terms outcomes. The analysis identifies the differences in Millennial and Gen Z approaches — however imperfectly — to explain the frontier of social tokens and why ShapeShift chose decentralization, while Revolut chose decacorn funding.

DAOs are not socialist communes built for the benefit of humankind. Rather, they are techno-fortresses to defend, and make valuable, exclusive online tribes.

Whereas Millennials dream about a VC-funded unicorn startup, permissioned into wealth with capital from traditionally successful investors, Gen Z and crypto natives dream about bottoms-up community syndicates with trillions to spend on the sci-fi future, unshackled from regulatory overhang and the sins of the 2008 quantitative-easing past.

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Luxury and Fashion market structure applied to finance, NFTs, and DAO

Luxury and fashion markets are structurally different from finance or commodity markets in that they seek to limit supply in order to generate value. This increases price and social status. We can analogize these brand dynamics to what is happening in NFT digital object markets and better understand their function as a result.

We’re not cool. That’s why we’re in finance.

But people want to be cool. As highly social and intelligent animals, we want and need to belong, differentiate against each other, and negotiate for status. We create signals and hierarchies to create pockets of relational capital, which we then cash in for real world benefits.

Such mammalian realities are contrary to the economic rendering of the homo economicus, the abstracted rational agent making choices in financial models. In 2021, our financial models are waking up and instantiating themselves, becoming Decentralized Autonomous Organizations (DAOs), spun up by DeFi and NFT industry insiders, and implemented into commercial actions onchain.

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Inspiring creativity, collaboration, and visual conversation by harnessing decentralized tech, with Beatriz Helena Ramos of DADA.art

In this conversation, we talk with Beatriz Helena Ramos – artist, entrepreneur, film director, producer and illustrator – the mind behind DADA.art. DADA is “a space where everything is about cooperation and solidarity, which are amazing ways to allow self-expression, as well as constant inspiration. Additionally, we provide simple tools to encourage creativity, and erase intimidation.”

More specifically, we discuss Beatriz’s journey to creating DADA, decentralized power structures, community-inspired creative collaboration, assymetric rewards in NFT markets driving new value distribution methodologies, DADA’s latest project called “The Invisible Economy”, and technology-inspired and centric approaches to empower artists in the future.

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Rob Leshner of Compound on creating a multi-billion DeFi lending protocol, and innovation under constraint

In this conversation, we talk with Robert Leshner of The Compound Protocol about the early days of crypto and how a fascination with Ethereum smart contracts drove him to build one of the largest DeFi projects to date.

Additionally, we explore the nuances of lending and interest rates, consumer privacy software and data monetization, floating interest rate pools of capital across different token pairs, DAO evolution and its influence on mechanism design, the role Compound plays in chain interoperability, and the discovery of yield farming as a means for user incentivisation.

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Lessons from Elon Musk, Warren Buffett, Galaxy Digital, and the emerging DAOs for building a Fintech empire

This week, we cover these ideas:

  • The difference between building a Fintech company, and building an empire to transform the world

  • How Warren Buffett is the best in the world at getting leverage through third party capital to grow

  • How Elon Musk is the best in the world at re-investing capital into his own judgment and view of the future

  • The $1.2B BitGo acquisition by Galaxy Digital, and the growing footprint of Alameda Research

  • DAOs as a way for all of us to participate

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The top 5 NFT trends for 2021, and current state of the NFT market

This week, we discuss the current state of the NFT markets, and our top 5 trends for NFTs beyond the initial hype:

  • Incumbent media NFTs and enterprise IP networks

  • Programmatic and generative art, and the blockchain medium

  • Digital Museums, DAOs, and the growth of the Metaverse

  • What it means to own the NFT: IPFS and multi chain support

  • Integration into DeFi and traditional portfolio management

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Building the foundational money DAO (Decentralized Autonomous Organization) in DeFi, with Rune Christensen of Maker Foundation

In this conversation, we talk with Rune Christensen of Maker Foundation about how he became one of the most influential builders in the DeFi ecosystem. Additionally, we explore the creation, experiences, and evolution of Decentralized Autonomous Organizations (DAOs), the nuances of stablecoins, the interaction between Maker and DeFi with traditional finance and traditional economies, and Maker’s approach to leveraging layer 2 solutions to aiding scalability and transaction throughput.

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Everyone should trade the billions in DeFi Structured Products! Or do digital asset derivatives need custodians and regulators?

This week, I grapple with the concepts of financial centralization and decentralization, anchoring around custody, staking, and DeFi examples. On the centralized side, we look at BitGo's acquisition of Lumina, Coinbase Custody and its similarity to Schwab and Betterment Institutional. On the decentralized side, we examine the recent $500 million increase in value within the Compound protocol, as well as the recursive loops that could pose a broader financial risk to the ecosystem.

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