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Show Summary |

The word 'stake' in crypto land really annoyed me the first few times I came across it. I struggled to understand it or compare it to anything I'd seen or heard of before.Episode 7 of Abstraction is a sharp lesson on 'staking' with the help of Daniel Dizon, co-founder and CEO of Swell Network.

It involves, in crypto terms, a relatively low risk investment for a material reward.Daniel and his co-founder Lecky Lao are making this more accessible for ordinary people, abstracting away the risks and barriers to entry that limit participation.

We discuss what staking is, why one should care, how it compares to ordinary forms of investing, and the mechanics around how Swell generates yield for its users.

Timestamps |

3:00 – The orgins of Swell

4:30 – what is proof-of-stake and why is ‘staking’ necessary?

6:30 – the existential threat that motivated Daniel to build on Ethereum

8:00 - the difference between running a node and staking and how you make money in each case

10:00 – barriers to entry for node operators and what’s required to run a node

10:30 – why does getting staking rewards via a decentralized rather than centralized vector matter?

12:30 – how much control do you have as an investor in Swell on where your yield comes from?

14:00 -How do you make sure that node operators are reliable?

15:30 – why the Merge will increase participation in staking?

19:00 – Daniel’s perspective on staking as an investment class

21:30 – state of protocol and what will come following their recent capital raise

23:30 – Swell’s go-to-market strategy

25:00 – Devising Swell’s tokenomics strategy

26:30 – getting started with Swell

27:00 = Connecting with Daniel and Lecky

Connect |

Swell website and DApp - https://swellnetwork.io/

Daniel’s Linkedin - https://www.linkedin.com/in/daniel-dizon/

Lecky’s Linkedin - https://www.linkedin.com/in/leckylao/

Swell Network Twitter - https://twitter.com/swellnetworkio

Swell Network Linkedin - https://www.linkedin.com/company/swellnetworkio/

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