Economics Design: Recent Episodes
Lisa JY Tan
We talk about the design of economic systems. This could be video game simulated economy or real business world like frequent flyer points system or blockchain based token economy.
Want more in-depth content? 1) Support us on our Patreon: www.patreon.com/economicsdesign 2) (Textbook) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/ 3) Academy: https://academy.economicsdesign.com/ 4) Newsletter: https://economicsdesign.substack.com
Connect with us and the ED community: Discord – https://discord.gg/ZqgpzdbZP2 Twitter – https://twitter.com/econsdesign
Most people still think of “AI agents” as glorified chatbots.
It has evolved in March 2026. We are now building PERSONAL humans. This “human” can work for you 24/7, and (in the near future) can interact with money and systems on your behalf.
This post is the first section of a broader series where I’ll cover:
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Tech stack foundations (today)
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Standards + protocol “routes” your agent will need to follow
-
Economics: objective functions, cost functions, incentives
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Security (enterprise-grade, in plain English)
To get started:
1) Agents change the “interaction surface” of the economy
We won’t just have humans interacting with humans. We’ll have:
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humans ↔ agents
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agents ↔ agents
-
agents ↔ humans
That shift matters because incentives, verification, guardrails, and organisational workflows.
2) Agents can interact with money
This is the jump from “automation” to “agentic fintech”.
Today, you can already automate bank transfers. But the interesting edge is when an agent can coordinate end-to-end execution, and logistics — potentially without touching bank rails.
A simple example I used: telling an agent to buy a surprise birthday cake within a budget, have it delivered, pay via crypto rails, and book delivery logistics.
Whether you like crypto or not, the design question remains the same for enterprises:
If autonomous software can initiate actions and payments, what ability, and control?
The PERSONAL framework (8 components of a “digital human”)
OpenClaw becomes easier when you treat it is.
I created this simple acronym PERSONAL:Physical, Executive function, Rules, Self, Operations, Nurture, Articulation, Learning (skills).
You know I like these ELI5 method of understanding new concepts.
P — Physical
Three common options:
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Hardware: local machine (e.g., Mac mini, dedicated workstation)
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Cloud: AWS / GCP / Alibaba etc.
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SaaS: subscribe and someone hosts/manages for you
Enterprise linking about deployment model, data boundaries, and ops ownership.
E — Executive function (the “brain”)
This is your model layer — your LLMs.
I frame this as a choice between:
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Closed source (e.g., commercial providers)
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Open source (self-hostable models)
In practice, you’ll decide based on the jobs to be done (cost, latency, expertise).
R — Rules (security + law guardrails)
In economics, rules define boundaries for behaviour. In systems, “rules” becomes:
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security boundaries
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guardrails
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policy constraints
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legal constraints
Enterprise lens: if the agent can take actions (and especially transact), rules are non-negotiable. Why? You don’t want your system to get hacked, or to behave outside its intended authority. It is so easy to be hacked at this moment.
S — Self (personality + character)
This is the agent’s behavioural layer.
This looks like your:
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system prompt
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role definition
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“how I behave” rules (This is literally calle the soul.md file)
Enterprise lens: tone and behaviour aren’t just “UX” — they affect operational risks.
O — Operations (tasks + routines)
This is your “scheduled work” layer:
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routine tasks
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operational workflows
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recurring runs (e.g., update a database every 9am)
This can be framed as business operations.
N — Nurture (heartbeat monitoring)
I separate nurture from operations.
Nurture is the agent’s “heartbeat”:
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background monitoring
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scanning
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frequent status updates (e.g., every 15–30 mins)
Enterprise lens: this is where reliability and general check comes in: “Is the system healthy? What changed? What needs escalation?”
A — Articulation (how you talk to it)
This is the interaction layer — your UI.
Examples:
- Telegram, Slack, Discord, WhatsApp
Channel matters as a way to easily interact with your PERSONAL human and give it commands.
L — Learning (skills)
This is the capability layer: what the agent can actually do beyond chatting.
I used the “Matrix download” analogy: skills are modules you plug in, download, or build yourself.
This where agents become a secret superpower. Skills become reusable components across teams and workflows.
What I’m covering next in this series
This episode is the foundation.
Next, I’ll go deeper on:
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wallet / custody considerations
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standards and protocol
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the economics layer: what to optimise, objective functions, incentives
If you’re building enterprise-grade agents, the point isn’t novelty. We really don’t need that in enterprise systems. This is system design. A new design of how you run your operations, systems and how people interact with that said system. That looks like authority boundaries, monitoring, and incentives — before scale forces the issue.
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Dencun Upgrade Simplified: Revolutionizing Ethereum and Beyond
Dive into the transformative Dencun Upgrade in just 20 minutes! Discover how this breakthrough is reshaping Ethereum and its implications for projects built on the platform. Join us as we simplify the complexities and explore the exciting future ahead for Ethereum. Don't miss out on this essential insight!
More about our Consultant, Gio
Greetings, I'm Giovanni Populo, Consultant at Economics Design
Step into the world of Token Economics, Blockchain Security, and Regulations with me. As a Consultant at Economics Design, I specialize in crafting and deciphering the intricate economic models of tokens, ensuring robust blockchain security, and navigating the evolving landscape of regulations.
🔗 Connect with me :
Twitter: Follow me on Twitter - https://twitter.com/7gioeth
LinkedIn: Connect with me on LinkedIn - https://www.linkedin.com/in/giovanni-populo-7b5746118/
Embark on this exploration with me as we unravel the complexities of token economics, fortify blockchain security, and stay attuned to the regulatory pulse. For real-time updates and insights, follow me on Twitter and connect on LinkedIn!
Don't forget to subscribe for more episodes where Lisa continues to delve into the essential qualities of leadership through her own experiences.
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
Welcome to our deep dive into Illuvium, the groundbreaking blockchain game that's redefining the boundaries of digital entertainment and decentralized finance. Illuvium is not just another addition to the blockchain gaming universe; it's a trailblazer, setting new standards for graphics, gameplay, and player ownership. Join us as we explore the lush, expansive world of Illuvium, where players can capture, trade, and battle fantastical creatures in an immersive, open-world adventure.🎮 Whether you're a seasoned gamer curious about the potential of blockchain technology in gaming, or a crypto enthusiast looking to understand the latest trends in play-to-earn games, this video is for you. Illuvium is more than a game; it's a vision of the future where gaming and blockchain intersect to create unprecedented experiences.⭑ Subscribe to Economics Design 👉🏻 https://t.ly/mHXcb⭑ Enjoyed? Hit the like button! 👍🏻⭑ Got a question? Comment below! 💬🎧 Listen to ED on Spotify, Google, or Apple! 👇🏻Spotify → https://t.ly/KP4maGoogle → https://t.ly/ozNb4Apple → https://t.ly/QirnYFollow ED on social media:Twitter 🐦 → https://twitter.com/EconsDesignLinkedIn → https://www.linkedin.com/company/economicsdesignDisclaimerThis is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.#economicsdesign #blockchain #blockchaingaming
Tokenomics With The Blockchain Game Pixels Ft. Luke BarwikowskiIn this episode, Rob discusses token economics and blockchain with the CEO of Pixels Luke Barwikowski. Pixels is a new type of game built in the web 3 space. Luke and Rob discuss various aspects of Gaming and blockchain in this episode. Read more about Pixels here : https://www.pixels.xyz/Follow Luke on Twitter : https://twitter.com/whatslukedoing🌐 Website → https://economicsdesign.com/✉️ Schedule a free coffee chat → https://t.ly/mqbsaRob has been an active developer in the gaming industry for over eighteen years, having launched more than thirty games, as well as publishing and consulting and many more. Rob made the leap into Web3 where he launched the Binance Chain powered $RUBY token as a part of the Ruby Play Network. In addition to the Ruby platform, he was working with the Splinterlands team on the development of their new Splinterlands Tower Defense game. In addition to the Web3 adventures, Rob is also former LucasArts, Zynga and Wargaming, where he was the North American executive producer for the launch of World of Tanks: Blitz. Outside of his development work, Rob also ran the $5 million indie developer publishing fund for Tapjoy.LinkedIn: https://www.linkedin.com/in/rcarroll23/⭑ Subscribe to Economics Design 👉🏻 https://t.ly/mHXcb⭑ Enjoyed? Hit the like button! 👍🏻⭑ Got a question? Comment below! 💬🎧 Listen to ED on Spotify, Google, or Apple! 👇🏻Spotify → https://t.ly/KP4maGoogle → https://t.ly/ozNb4Apple → https://t.ly/QirnYFollow ED on social media:Twitter 🐦 → https://twitter.com/EconsDesignLinkedIn → https://www.linkedin.com/company/economicsdesignDisclaimerThis is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.#economicsdesign #tokeneconomics #tokenomics #DeFi
The Second Life and Fairshare Podcast | All About Linden Dollar Economy and FairshareDive into the immersive world of Second Life and explore the intricacies of the Linden Dollar economy with our latest podcast episode! Join us for an insightful conversation featuring none other than Philip Rosedale, the visionary behind Second Life.Follow Philip Rosedale on Twitter : https://twitter.com/philiprosedaleA bit about our host Kiefer :Kiefer has been involved in the crypto space since 2014 and has been designing cutting edge token models and Web3 incentive systems since 2018. He has provided economic consulting services as a consultant at Economics Design for AAA gaming companies in the Web3 space such as Scopely, Neon (Shrapnel), and Worldspark (Sparkadia) to help them achieve sustainable economies.Twitter: https://x.com/KieferZangLinkedIn: https://www.linkedin.com/in/kieferzang/Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABeWant more in-depth content?1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/2) Academy: https://academy.economicsdesign.com/3) New research site & dashboard: https://econteric.com/4) Newsletter: https://economicsdesign.substack.com/Connect with us and the ED community:Discord – https://economicsdesign.com/discordTwitter – https://twitter.com/econsdesignReddit – https://reddit.com/u/economicsdesignSpotify Podcast – https://spoti.fi/3wzDbXtGoogle Podcasts – https://bit.ly/ED-podcastApple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959DisclaimerThis is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.#economicsdesign #tokeneconomics #tokenomics #DeFi
A Web 3 Company CEO On Navigating The Bear Markets | Build In Public
In this video, our CEO, Lisa shares her experience while navigating through the various bear cycles as a company founder.
She talks about the struggles, ups downs and even the good parts about volatility of markets. We get to understand a little bit about how an entrepreneur thinks and how they plan for difficult market conditions.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Decoding Blockchain Game Economies with Corey Wilton: Why You Should Care
Explore the fascinating world of blockchain game economies with our special guest, Corey Wilton! In this deep dive, we unravel the intricate mechanisms behind these digital realms and uncover the reasons why you should pay attention to this groundbreaking intersection of technology and gaming.
What makes blockchain game economies unique? Corey breaks down the decentralized nature of these systems, highlighting the role of blockchain technology in creating trust, transparency, and true ownership of in-game assets. Learn how players can truly invest their time and resources into a gaming ecosystem that rewards their contributions.
Why should you care about blockchain game economies? Discover the potential for players to earn real-world value through the exchange of blockchain-based assets. Corey explains the transformative impact this can have on the gaming industry, opening up new possibilities for both developers and players alike.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
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Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Welcome to Economics Design Podcast Podcast, where we delve deep into the fascinating world of blockchain game economies! In this episode, we have Heimdall with us to discuss the ins and outs of the popular Blockchain Game Citadel.
🚀 Whether you're a seasoned blockchain enthusiast or a curious gamer, join us as we explore the fundamental principles, challenges, and innovations that shape the backbone of a successful blockchain game economy.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
The Scope Of Web 3 Gaming Ft. Com2uS
In this video Kiefer sits down and has a chat with Michael M. Lee from Com2uS, a South Korean mobile and online game development/publishing company.
Michael shares insights on the web 3 space currently, mobile gaming, future of gaming and a lot more!
So if you are into gaming and web 3, this is the one for you!
Michael's Twitter : https://twitter.com/Mikejjang
Com2uS Twitter : https://twitter.com/com2us
XPLA Twitter : https://twitter.com/XPLA_Official
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Welcome back to another exciting episode of Weekly Web 3 News! In this week's edition, we dive deep into the ever-evolving realm of Crypto and Web3 to bring you the latest updates and insights.
Join us as we unpack the fascinating world of decentralized finance and explore the groundbreaking developments of the past week. We'll be discussing the much-anticipated verdict involving SBF (Sam Bankman-Fried), one of the most influential figures in the crypto space. Get ready for an in-depth analysis of the implications and what it means for the future of the industry.
But that's not all! Our discussion doesn't stop there. We'll also be taking a closer look at the current State of Web 3 Economy, exploring the trends, challenges, and innovations shaping the digital landscape. As the Web 3 revolution continues to gain momentum, understanding the dynamics of this decentralized ecosystem is more crucial than ever.
And of course, we can't forget Solana, one of the hottest topics in the crypto community. Discover the latest developments, partnerships, and projects within the Solana blockchain network. Learn how this high-performance blockchain is pushing the boundaries of what's possible in the world of decentralized applications.
Whether you're a seasoned crypto enthusiast or just starting your journey into the exciting world of Web3, this episode promises to be both informative and engaging. Don't miss out on the opportunity to stay ahead of the curve and gain valuable insights into the future of finance, technology, and innovation.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Account Abstraction in Blockchain Wallets | Real World Applications
In this episode Fehmi and Gio sit down to discuss the concept of Account Abstraction, how it works in Blockchain and how useful it is!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Web 3 Gaming, Cross Game Functionality and a lot more! | In Conversatin With Solcraft Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABeWant more in-depth content?1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/2) Academy: https://academy.economicsdesign.com/3) New research site & dashboard: https://econteric.com/4) Newsletter: https://economicsdesign.substack.com/Connect with us and the ED community:Discord – https://economicsdesign.com/discordTwitter – https://twitter.com/econsdesignReddit – https://reddit.com/u/economicsdesignSpotify Podcast – https://spoti.fi/3wzDbXtGoogle Podcasts – https://bit.ly/ED-podcastApple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959DisclaimerThis is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.#economicsdesign #tokeneconomics #tokenomics #DeFi
Working at a Web 3 Company in 2023.
In this episode we sit down with every single team member of ours and talk about their experience with working at Economics Design and Web 3. We talk about the non technical side of things today, our company culture, how we tackle challenges and how we have been working with a worldwide team!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Revisiting The Blockchain Space | Economics Design Podcast - EP 100
In this episode, our consultants gather for a discussion around the blockchain space, its evolution and industry trends.
This is the first time we have brought in all our consultants for a special podcast. Hope you guys enjoy this treat!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
All About Blockchain Gaming With Star Atlas
In this episode we sit down with the team of popular game Star Atlas and talk about web 3 or blockchain gaming. We dive deep into the fundamentals of gaming, its relation with web 2 and a lot more. We also talk about some of the new features of Star Atlas, which are exciting to say the least.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
Reddit – https://reddit.com/u/economicsdesign
Spotify Podcast – https://spoti.fi/3wzDbXt
Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #GameFi #staratlas #Blaockchaingaming
In Conversation with Nischal Belthan | Metajuice
In this episode we sit down with Nischal Belthan who is the head of token operations at Metajuice. This is an insightful conversation circling around V coins, V core, NFTs, their impact on retention and a whole lot!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
Twitter – https://twitter.com/econsdesign
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Alchemix $ALCX is a no-loss, yield-generating stable coin protocol with unique mechanisms that include real inflation in the ecosystem. In this episode, we speak to the co-founder of Alchemix, take a deep dive into how Alchemix functions, and the financial incentives of being part of the Alchemix system. We then discuss how it differs from other stable coins and what limitations ALCX could have.
Timestamps:
0:00 – Introduction
1:10 – Background of Alchemix
3:04 – What is Alchemix?
4:56 – Stablecoin creation
8:26 – How is stability maintained
18:45 – Incentives and uses of ALCX Token
22:34 – Differences compared to other protocols
26:42 – Opinions and Limitations
31:45 – Ending
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.newsletter.economicsdesign.com
In this episode we talk about rug pull with Emma Jane and Anna Vladi.
Rug pull is a big a risk in crypto. The general category of risk is Tech risk, Economic Risk and Price volatility risk and Rug pull exists in all these risks.
Rug pull also exists within NFTs especially when it's built on top of web2 systems with web3 architecture or rug pull by artists on Opensea and metadata on centralised servers.
How to prevent rug pull from team's perspective:
-
Use Multi sig wallet initially
-
Audit
-
Release dev in stages
-
Reuse existing contracts that's trialed and tested instead of building from scratch
How to prevent rug pull from investor's perspective:
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Risk management. Think about tail risk. Think about black swan event. the asymmetric convexity of risks.
-
Careful where you put your money. anon vs non-anon teams
-
Get legal opinions of projects
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.newsletter.economicsdesign.com
Handshake (HNS) is a decentralised, permissionless naming protocol in which peers authenticate and manage the root DNS naming zone to create an alternative to Existing naming systems and certification bodies.
Handshake is a domain name system which Web3 supports. Web3 is about rearranging existing Internet products and services to benefit people rather than entities.
The data will still be used to drive decision-making but will not be used against consumers. Data rights will be protected instead of being trampled for profit. Incentive and marketable mechanisms will help ensure that information is reliable and verifiable.
If Web3 is successful, it will positively affect projects solving related issues, including Handshake.
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Thank you for reading Economics Design Newsletter. This post is public so feel free to share it.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.newsletter.economicsdesign.com
NFT is the hype recently, powered by "non-crypto" influential individuals like Mark Cuban, Chamath Palihapitiya and Gary Vaynerchuk talking about it.
You might be thinking, "uhhhh virtual assets and digital assets exist. Why should I care about NFT?". Well, with the advent of blockchain (new technology), we take the existing assets (digital and virtual assets) and improve upon them!
NFT is one of the key foundations of the new digital economy, powered by blockchain. NFT has been tested in areas such as gaming, digital identity, licensing, certification and fine arts. Users can even split and proportionally own items of high value.
Today, we dive into what NFTs are, the economics of NFTs and how NFTs can be combined with DeFi. Not all NFTs are created equal but refine the foundations and protocols that deliver true value to make the right "money-down" decisions.
Thanks for reading Economics Design Newsletter! Subscribe for free to receive new posts and support my work.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.newsletter.economicsdesign.com
How Does a Decentralized Life Sciences Research Platform Work? In Conversation with Jordan Smith!
In This episode, Gio interviews Jordan Smith who is the CEO and co founder of Scinet, Scinet is a decentralized life sciences (“DeSci”) research and investment platform that revolutionizes the way people do and support science. Powered by blockchain technologies, SCINET allows retail and institutional investors to invest directly in life sciences research and technology with security and authenticity.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Are you looking to minimize your risks in the DeFi space? Look no further than these 3 option strategies. In this podcast, we cover:
-
Covered call — think of it as being LP on HEGIC's platform
-
Married put — think of it as insurance for price falling
-
Bull spread call — think of it as LP on #HEGIC and insurance for price falling
Whether you're new to DeFi or a seasoned investor, these option strategies are essential tools to add to your arsenal. Tune in now to learn how to safeguard your DeFi investments and achieve your financial goals.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.newsletter.economicsdesign.com
Welcome to this episode where we dive into the exciting world of options in decentralised finance (DeFi). In the realm of traditional finance, options have long been regarded as crucial components of derivative products. Now, we shift our focus to HEGIC, an innovative protocol that pioneers the development of options within the DeFi landscape.
Options, in their simplest form, are contracts that grant the holder the right to exercise a call or put option at a predetermined price in the future. These contracts serve two primary purposes: risk mitigation, also known as hedging, and speculation. By leveraging options, individuals and institutions can effectively manage their exposure to various financial assets.
HEGIC introduces a novel approach to option trading by leveraging the principles of peer-to-pool trading and decentralisation. Through this protocol, users gain the ability to engage in option trading in a fully decentralised manner. This groundbreaking development opens up a world of possibilities and opportunities for traders and investors in the DeFi space.
In the following discussion, we will explore the inner workings of HEGIC, uncover its key features, and shed light on how it has emerged as one of the pioneering protocols in the DeFi options landscape. Join us as we unravel the intricacies of HEGIC and uncover the transformative potential it holds for the future of DeFi.
Watch on YouTube for visual learners and Substack for those who prefer reading.
Want more in-depth content? Join our Token Economics 201 course at www.academy.economics.design!
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.newsletter.economicsdesign.com
In this episode we sit down with Colin Anderson and have a conversation around the gaming industry, game design, blockchain and a lot more!
Colin is COO of Reforged Studios, a videogame publisher set up to explore the opportunities of Play-To-Earn gaming. He is a 30-year veteran of the videogames industry who has worked on over 100 commercial releases across both the “triple-A” and “indie” scenes, with credits including international hit franchises such as Crackdown, Lemmings, and Grand Theft Auto as well as creatively innovative BAFTA-award winning indie games such as Autonauts, Denki Blocks and Quarrel. During his career he has worked with several of the most successful videogame businesses in the world, such as Rockstar Games and Epic Games, as well as founding and scaling two of his own videogame businesses to over $1M annual turnover.
Whether you're a gaming enthusiast, a blockchain aficionado, or simply curious about the future of gaming, this interview is a must-watch. Gain valuable insights from Colin Anderson as he sheds light on the exciting intersection of Web 3, blockchain, and the next phase of gaming innovation.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABeWant more in-depth content?1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/2) Academy: https://academy.economicsdesign.com/3) New research site & dashboard: https://econteric.com/4) Newsletter: https://economicsdesign.substack.com/Connect with us and the ED community:Discord – https://economicsdesign.com/discordTwitter – https://twitter.com/econsdesignReddit – https://reddit.com/u/economicsdesignSpotify Podcast – https://spoti.fi/3wzDbXtGoogle Podcasts – https://bit.ly/ED-podcastApple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959DisclaimerThis is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.#economicsdesign #tokeneconomics #tokenomics #DeFi
Understanding Reserve Utility Token Mechanism
In this episode of Economics Design Podcast, Kiefer and Gio sit down to talk about Kiefer's newest research, that is Reserve Utility Token. We go down the motivation, mechanism and the functions of the Reserve Utility Token.
If you are a web 3 enthusiast, a game Developer or an Economy Designer, we are sure you'll find this episode insightful and intellectually rewarding.
This episode is from our Twitter Spaces we did for the month of May.
Keep an eye on our twitter to listen and participate in these live twitter spaces, we do one of these every month.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Games Transitioning from Web 2 to Web 3 Ft. Michael Arnold | Mighty Bear Games
In this video we sit down and chat with Michael Arnold who is a Web 3 lead at Mighty Bear Games. We talk about Economic Sustainability, Faucets and Sinks and a lot more.
If you are into Gaming and Web 3, This video is just for you!
So sit back relax and enjoy the show.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Maximising your Yield : A guide to staking and DeFi with Stader Labs
Welcome to our latest podcast episode where we explore the world of staking and decentralized finance (DeFi). If you're looking to maximize your returns on your crypto investments, this guide is for you. In this episode we sit down and talk to Amitej Gajjala and Antonio M from Stader labs and extensively cover Liquid Staking, the Journey for Stader Labs and the direction it is heading in.
Whether you're a seasoned crypto investor or just getting started, this guide is a must-listen for anyone looking to maximize their returns and take advantage of the exciting opportunities in the world of decentralized finance. Tune in now to learn all about staking and DeFi!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Mechanics, Constraints, Innovation and AI in Game Economy Design
In this video, we explore the fascinating world of game economy design, where mechanics, constraints, innovation and AI intersect to create engaging and profitable experiences along with some challenges for players and developers alike. Join us as we dive deep into the principles and best practices of game economy design, covering topics such as virtual currencies, player engagement, data analysis, and more. Whether you're a seasoned game developer, a curious gamer, or simply interested in the future of AI and innovation, this video has something for you. So grab your controllers and get ready for a thrilling ride into the world of game economy design!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
All about Investments in the Web 3 Space! Ft. Edward Tan | Hashed
In this exciting episode, we dive into the world of Web 3 and its potential for investors with Edward Tan, from Hashed, a leading crypto venture fund based in South Korea. We'll explore what some of the most promising Web 3 projects and protocols, and how investors can approach this new and rapidly evolving space. We'll discuss the role of decentralization, community governance, and token economics in Web 3 projects, as well as the risks and opportunities involved. Whether you're a seasoned investor or just curious about the future of the internet and finance, you won't want to miss this insightful conversation!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
Discord – https://economicsdesign.com/discord
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Google Podcasts – https://bit.ly/ED-podcast
Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
In this video, we dive deep into the world of Covalent, a cutting-edge blockchain data platform that's transforming the way we access and analyze blockchain data. Joining us is Ganesh Swami, the CEO of Covalent, who provides us with an in-depth overview of the platform, its key features, and its potential use cases.
Through this interview, we explore how Covalent simplifies blockchain data for developers, investors, and enterprises, making it easier to build and deploy decentralized applications. Ganesh also highlights some of the challenges that the Covalent team has faced and how they have overcome them to create a powerful blockchain data platform.
Whether you're a blockchain enthusiast, developer, or investor, this video will provide you with valuable insights into the world of Covalent and its potential to revolutionize the blockchain space. So, grab a cup of coffee and join us for this exciting conversation with Ganesh Swami, the CEO of Covalent.
As the field of cryptocurrency and token economics continues to grow, the role of token economists has become increasingly important. But with the advent of advanced AI models like CHAT GPT, some are wondering if these machines can replace human economists. In this video, we explore the limitations of AI and why it may not be able to fully replace the expertise of token economists.
We also discuss the importance of human interpretation and the need for human judgment in making decisions.
Overall, this video provides an in-depth analysis of the potential role of AI in the field of token economics and why it may not be able to fully replace the expertise of human economists.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
In this video, we sit down with Alex Wettermann, from Shima Capital. He has extensive experience in the world of tech investment. We interviewed him to get his view on the exciting new investment opportunities emerging in the metaverse, Web3, and DeFi. Join us as we delve into the cutting-edge technologies and trends shaping the future of investment and explore the potential risks and rewards of this rapidly evolving landscape. If you're an investor or simply curious about the latest developments in the world of finance and technology, this video is not to be missed!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
The Limitations of Web 3.0: An Honest Conversation
In this episode, we dive deep into the potential limitations of the much-talked-about Web 3.0. Author of the book Land Is a Big Deal: Why Rent Is Too High, Wages Too Low, and What We Can Do about It, Lars A. Doucet and Ari Kimelman share their insights and opinions on the practical challenges of this new era of the internet, such as issues of scalability, interoperability, and governance.
Join us for this honest and thought-provoking conversation, where we explore the potential of Web 3.0 and the critical questions that need to be addressed to make it a reality. Whether you're a blockchain enthusiast, a web developer, or just someone curious about the future of the internet, you won't want to miss this episode.
Subscribe to our channel to stay updated on future episodes and leave a comment below with your thoughts on the limitations of Web 3.0.
Link to the article Lars Talks about : https://www.raphkoster.com/2021/09/23/how-virtual-worlds-work-part-one/
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Welcome to "Cryptoconomics: Why Crypto is the Future", where we explore the exciting world of cryptocurrency and blockchain technology. In this episode, we sit down with Kris from Token Engineering Labs to discuss Crypto Economics as an academic study and why the future is Crypto.
Join us as we delve into the fundamentals of Crypto Economics, exploring how it works and why it is a promising solution for many of the world's current financial and social issues. Kris will share his insights and expertise, offering a unique perspective on the impact of Crypto Economics on the future of the global economy.
Whether you are a Crypto enthusiast, a curious observer or simply interested in the economics of the future, this podcast is for you. Tune in to gain a better understanding of why Crypto is the future and what it means for the world. Don't miss out on this exciting conversation - hit the play button and let's explore Cryptoconomics together!
Economics and Web 3 Gaming | Economics Design Podcast
Join us for a thought-provoking discussion on the intersection of Economics and Web 3 Gaming. Our panel of experts will delve into the impact of decentralized finance on the gaming industry and explore the potential for blockchain-based games to shape the future of economics. From in-game token economics to player-driven marketplaces, this discussion will give you a comprehensive understanding of the relationship between economics and the emerging world of Web 3 Gaming.
What game developers can learn from government policies? : https://economicsdesign.com/tools-at-the-developers-disposal-what-game-devs-can-learn-from-government-policies/
Role of government in gaming economics : https://economicsdesign.com/the-role-of-governments-in-gaming-economies/
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
How does Angle Protocol Work? In Conversation with Pablo Veryat - Co Founder of Angle Protocol
In this video, we sit down with Pablo Veryat, Co-Founder of Angle Protocol, to discuss how the platform works.
Angle protocol is a decentralized, capital efficient and over-collateralized stablecoin protocol.
We also dive deep into how it is different than other protocols, the Future of DeFi and a lot of other insightful stuff!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
Connect with us and the ED community:
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
The FTX Debacle.
In this episode of our podcast, we delve into the recent controversy surrounding the cryptocurrency exchange FTX. From the accusations of insider trading and market manipulation, to the platform's response and the impact on users, we cover all the ins and outs of the FTX debacle. Join us as we break down the complex issues and explore the implications for the future of the crypto industry.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
Want more in-depth content?
1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
A Deep Dive Into The Economics Of The Blockchain Game Shrapnel | ft. Calvin Zhou & Francis Brankin
In this episode of our podcast, we sit down with blockchain experts Calvin Zhou and Francis Brankin to discuss the economics behind the popular blockchain game Shrapnel. They'll share their insights on how the game's unique token mechanics and explore the potential opportunities and challenges that this new model presents for the gaming industry as a whole. Whether you're a blockchain enthusiast or just a fan of the game, this is an episode you won't want to miss!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
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3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
"In this episode of our podcast, we sit down with Christopher Kaczmarczyk-Smith, game economist at the blockchain game Star Atlas, to explore the exciting world of cryptocurrency and gaming. Christopher shares his insights on how blockchain technology is revolutionizing the gaming industry and gives us a behind-the-scenes look at the economics of Star Atlas. Don't miss this fascinating conversation with a true expert in the field!"
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2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
EP 79 : The Economics of Blockchain Game Skyweaver! Ft. Salvatore Grosso
This week, we're talking about the economics of the blockchain game Skyweaver with Salvatore Grosso.
Salvatore is a meta-game designer, and in this event, he talked about how skyweaver functions, the NFT aspect of the blockchain space and much more
He also talks about his experience working on Skyweaver, a new blockchain-based TCG or trading card game. If you are interested in the blockchain space or game design, this is one of the most insightful conversations you can listen to!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
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1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
2) Academy: https://academy.economicsdesign.com/
3) New research site & dashboard: https://econteric.com/
4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
EP 78 : NFTs and Revenue Generation | NFT Royalties
If you are into NFTs and look at it as a source of generating revenue, this podcast is for you!
In this podcast the team at Economics Design discusses the new hot topic in the crypto space, NFT Royalties. The team dives deep into the concept of royalties, NFT revenue generation, and the context in which the model of NFT royalties makes the most sense. The team also talks about Open sea launching the first royalty reinforcement tool.
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1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
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4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #nft #nftroyalties
nfts #nftart #royalties
EP 77 : A conversation with Howie Zhang - Game Economy Designer
Guild of Guardians is an upcoming blockchain game that has everyone excited. Ari dives deep into the economics of the game uncovering various topics like the selection of token model, the vision for interoperability and a lot more.
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1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
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4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
In conversation with Paul Frambot CEO @Morpho Labs
Paul Frambot CEO of Morpho Labs talks about how Morpho and Aave work together. He also gives some insights on the companies' plans, what inspired him and much more.
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4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #morpho #tokenomics #DeFi
Wondering what all the fuss on sandwich attacks is about? Find out everything you need to know - what it is, how it works, and how it impacts the DeFi space in this video. Our researchers Ari, Atharva and Alex deep dived into how they completed the research and what their process looked like.
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
EP 74 | Archerswap : A Study
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
EP 73 | Flowcarbon Case Study : Climate Solutions powered by Blockchain
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
EP 72 : In Conversation with Jake Richards | dHEDGE
In this episode Lisa and Jake talk about the idea behind dHedge, how dHedge functions and what problems dHedge is trying to solve.
Timestamps for Convenience :
0:00 - Intro
03:25 - What problems are dHedge trying to solve?
05:00 - How does dHedge explain risks?
06:59 - How does dHedge define the market?
12:54 - What are the most commonly used strategies by managers?
14:54 - Risks of having everything on chain
18:44 - Risk of Strategies being public
20:49 - Manual Strategies at dHedge
22:57 - dHedge's Uniswap Integration
29:04 - The DHT Token
46:27 - Conclusion
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe
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1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/
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4) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
In this episode Lisa and Yunzhu talk about a new metric for Stablecoin.
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Disclaimer This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Lisa summarizes and explains the latest p2e report.
You can read the full report here : https://econteric.com/p2e/
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Disclaimer This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
What separates Polygon from the rest?
What is Polygon doing differently? Where is Polygon headed towards? Lisa and Aishwary discuss!
Timestamps : Intro - 0:00
What is Polygon? - 1:51
Is Polygon only addressing scalability? - 3:54
How does Polygon compare to other layer 1s and layer 2s? - 6:00
What is a plasma layer? - 10:20Projects that are built on Polygon - 13:28
Brief comparison between different chains - 15:09
Plasma chain vs sidechain - 20:35
How decentralized is Polygon? - 28:48
What is ZK rollup ? - 34:57
Polygon's existing solutions vs ZK rollup - 39:50
How does ZK rollup bring more value to Polygon's users? - 41:40
What happened with the sunflower game and how did it affect the Polygon network? - 46:59
What can we expect from Polygon in 2022? - 51:39
Outro : 56:43
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Disclaimer This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
How can we create a purpose driven Economy?
What tools will we be needing? What will these tools look like?
Lisa and Griff discuss!
Timestamps :
Intro : 0:00
Overview - 0:44
How does bottom up participatory economies play out in emerging economies with low literacy rate? - 10:32
Dashboard Introduction - 12:58
What is CV? - 16:05
The commons Stack Hatch - 22:59
Quick Summary : 32:58
How can one participate in TEC? - 42:19
Music Courtesy : Track: For You — Artificial.Music & Syiphorous [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/fb17woOmdTYFree Download / Stream: https://alplus.io/you
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Connect with us and the ED community: Discord – https://economicsdesign.com/discordTwitter – https://twitter.com/econsdesignReddit – https://reddit.com/u/economicsdesignSpotify Podcast – https://spoti.fi/3wzDbXtGoogle Podcasts – https://bit.ly/ED-podcastApple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
Valkyrie Protocol is an activation protocol. Lisa tells you more!
00:00 Introduction & Highlights
00:56 Benefits Of Valkyrie Protocol
01:43 3 Highlights Of Valkyrie Protocol
02:46 Mechanism
03:33 Uses Of VKR
05:24 Functions Of Valkyrie Protocol
05:56 Are Incentives Aligned In The Protocol?
10:23 Opinions
12:00 More Resources & How to Support Us!
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
How do we effectively create value in DeFi? How does Vesper move towards long-term value creation?
00:00 Introduction & Highlights
01:10 Purpose Of A Market
01:15 Context Of Value
02:45 Value Cycle
03:52 Balancing The Value Cycle
06:04 Case Study: Vesper Finance
06:59 Vesper Model
12:54 More Resources & How to Support Us!
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
How do we protect our data? Can our data be traded? Can web3 be self-sovereign? Ocean Protocol might hold the answers!
00:00 Introduction & Highlights
03:17 Architecture Of Ocean Protocol
05:12 The Ocean Token
06:29 The Ocean Marketplace
08:07 Ocean Token Value
10:39 Data Tokens
12:11 Marketplace Architecture
13:39 Data Publisher Valuation & Data Token
14:42 Staking
16:55 Ocean DAO
19:39 Token Sustainability
21:10 Questions
31:39 More Resources & How to Support Us!
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
From a brand new AMM project with no initial funding, Trader Joe has gradually established himself as one of Avalanche's top AMMs. This video about Trader Joe and $JOE will give you all the information about:
00:00 Introduction
00:32 What is TraderJoe?
01:31 Trader Joe's Highlights
04:45 Products of $JOE
07:23 Token Design and Considerations
11:26 Opinions
17:06 More Resources & How to Support Us!
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
From the past to the future, how can we build the future of finance using lessons learnt from before? Josh and Lisa discusses!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe or tip us at https://www.patreon.com/economicsdesign
00:00 Introduction
02:45 What History Has Taught Us
14:54 How Tokens Can Coordinate Market Creation
20:52 Dealing With Governance & Those Lagging Behind
34:27 Q&A
49:54 Final Thoughts
51:43 More Resources & How to Support Us!
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Is Bitcoin a form of stored energy? Dave and Lisa discusses how universal basic income may be addressed using Bitcoin!
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00:00 Introduction
01:01 Interest In Bitcoin
02:54 Economy Is Energy
05:43 Traditional Energy Sources
07:58 Renewable Energy & Bitcoin
10:38 Bitcoin Mining & The Grid
18:37 Stored Energy & Distribution
22:28 Using Bitcoin As Energy Distribution
25.56 Energy As Universal Basic Income
28:30 Cypto vs Fiat Currency
34:37 Final Thoughts
37:40 More Resources & How to Support Us!
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4) Newsletter: https://economicsdesign.substack.com/
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Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959
Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
We take a look at how the Antimatter protocol can potentially simplify DeFi!
Connect with Jack here: https://twitter.com/jack_venture
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe or tip us at https://www.patreon.com/economicsdesign
00:00 Introduction
01:35 Conversation With Jack Lu
38:30 More Resources & How to Support Us!
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5) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
We found a problem that crypto truly solves - public goods and #DAO!
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe or tip us at https://www.patreon.com/economicsdesign
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
In the previous EP 58: Analysis of UST (TerraUSD) | Algo Stablecoin on Terra,, we mentioned that UST is 1% within the range but mostly outside of the $1±5% range. Turns out, we are wrong! This video is meant to correct the mistake.
EP 58: https://youtu.be/w_AdzPFM58g
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe or tip us at https://www.patreon.com/economicsdesign
Want more in-depth content?
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5) Newsletter: https://economicsdesign.substack.com/
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Another stablecoin? All weather stablecoin with Gyroscope. Always stable.
Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe or tip us at https://www.patreon.com/economicsdesign
00:00 Intro & Overview
03:58 Gyroscope Collaterals
09:16 Minting Gyro Dollar
10:42 Mechanisms To Maintain $1 Peg
11:58 Earning Yields
12:53 PAMM vs Underlying Assets
13:25 Gyroscope vs USDC
14:24 SAMM
16:06 Lines of Defence
14:55 Gyroscope vs FEI
21:45 PAMM vs SAMM
22:43 Designing Governance
26:23 Accruing Cashflow
27:16 Third Party Liquidity Providers
28:49 Is Gyro Dollar a Security?
29:18 Opinions
29:56 More Resources & How to Support Us!
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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
economicsdesign #tokeneconomics #tokenomics #DeFi
Many of you have been asking for an episode on UST, the algo stablecoin on the Terra network. So today, we take a dive into how UST works, how it is created, analyse its stability, and more.
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Timestamps:
0:00 – Intro & Overview
0:51 – UST vs LUNA
1:14 – Classifying Terra
1:50 – $LUNA
3:05 – UST Creation
4:34 – 3 factors affecting Stability of UST
8:37 – Analysing UST Stats
10:25 – Analysing the Terra Ecosystem
12:06 – 4 Opinions
17:10 – More resources & how to support us!
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5) Newsletter: https://economicsdesign.substack.com/
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Flashbots & Miner-Extractable Value are problems faced by decentralised exchanges (DEXs). In this episode, we explain what flashbots and MEV are all about and what solutions there are. We also explain in-depth the risks of ETH like front running, and several design flaws in DEXs.
This recording was extracted from our free-to-join Discord lounge sessions. We host lounge sessions on Sundays, where we dive deep into such topics, and you get the chance to ask any questions live. We invite noteworthy guest speakers too. Do join our Discord channel to engage with the community! :)
Discord link: https://economicsdesign.com/discord
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Timestamps:
0:00 – Introduction to MEV & Flashbots
0:24 – Layer 1 infrastructure comparison: BTC vs ETH
1:36 – 51% Attack vs Front Running vs Forking
3:49 – Flashbots explained
7:06 – MEV (Miner Extractable Value)
8:12 – Other arbitrage opportunities
8:57 – Solutions to MEV
10:30 – 5 design flaws in DEXs
12:57 – Front Running & information Assymetry
14:55 – Impact of Economic Rent on DEXs
16:18 – Why Flashbots & MEV are a big problem
-
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4) New research site & dashboard: https://econteric.com/
5) Newsletter: https://economicsdesign.substack.com/
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Liquity presents a unique approach to decentralisation, without a governance token and several other notable features. In this episode, we dive deep into Liquity's mechanisms, economics, and what it means for the DeFi space.
The chat segments are extracted from our Discord lounge session with Robert. We host lounge sessions on Sundays with guest speakers, absolutely free to join for the public, where we dive deep into such topics and you can directly ask any questions you may have. Do join our Discord channel to get the chance to interact with guest speakers directly! :)
Discord link: https://economicsdesign.com/discord
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Timestamps:
0:00 – Introduction to Liquity
0:53 – Stablecoin Classification of Liquity
3:31 – How LUSD is created
4:21 – Uses of LUSD token
7:49 – LQTY token
8:52 – How does Liquity maintain stability
11:06 – Liquidation Mechanism in-depth
13:56 – Redemption Mechanism in-depth
17:24 – Zero governance
18:28 – Importance of decentralisation
20:05 – Opinions
23:03 – More resources & how to support us!
p.s. Thanks once again to Fernando for processing the audio used here!
--
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--
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We have several recommendations to make, after all the research we have done recently on algo stable coins. To be specific, we have 3 recommendations regarding the secondary token, how to avoid economic exploitation, and the responsiveness to price action of the tokens.
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5) Newsletter: https://economicsdesign.substack.com/
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In our recent research on algo stablecoins, we found some imperfections in some of their mechanisms – namely economic misalignment and failure of coupons. In this episode, we analyze and discuss the impact of such failures.
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How did IRON Finance crash 100% within a day? What went wrong with its mechanisms and economic design, and how is it different from FRAX, which we recently reported to be the best among 8 different stable coins? We dive into the tragedy of IRON in this episode.
Timestamps:
0:00 – Intro & Contents
0:32 – Iron Finance explained
1:13 – IRON vs FRAX
2:43 – Causes of failure: Uncontrolled Supply
4:07 – Causes of failure: TITAN & IRON relationship
4:44 – Causes of failure: TITAN Mechanism Design
7:31 – Three Opinions
9:31 – More resources & how to support us!
_
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5) Newsletter: https://economicsdesign.substack.com/
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An algorithmic stablecoin that is not pegged to $1: How does OHM do it?
What exactly are the inner workings in the OHM ecosystem and how can you take part in it? We explain in this episode!
Timestamps:
0:00 – Introduction to OHM
0:58 – Classifying $OHM stablecoin
1:30 – OHM's Reserve & Algo mechanism
2:06 – No Peg Stablecoin explained
2:59 – Partial Reserve with DAI
3:30 – Zeus: What is $OHM?
4:05 – Stablecoin Creation
4:43 – Stability Mechanism
5:48 – Zeus: OHM Mechanisms
10:09 – Bonding vs Staking
12:19 – What is (3, 3) ?
14:10 – Utility of $OHM Token
15:02 – $OHM vs $BTC
16:39 – Explaining the Premium in OHM and BTC prices
18:25 – Opinion
21:29 – More resources & how to support us!
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If you're Doing Your Own Research (DYOR) on stable crypto coins, this episode explains how to use quantitative and qualitative metrics to analyze them, the 3 types of risks to look at, and how Lisa & our research team applied these concepts to compare 8 different stablecoins in our research report of Apr/May 2021.
The report can be downloaded for free over at econteric.com :)
p.s. Thanks to Fernando for assisting with the audio processing for the episode!
In this week's episode, we talk about FRAX, a fractionalised algorithmic stablecoin. Using the token economics framework that we have explained in other videos, we will analyse the token economics of the $FRAX stablecoin, perform stability analysis on it, and give some opinions about FRAX.
Timestamps:
0:00 – Introduction & Contents
0:36 – What is Frax?
2:38 – Dual-Token Mechanism explained
3:34 – Reserve Mechanism explained
4:36 – How to create $FRAX stablecoin
7:11 – How to Maintain Stability
11:10 – Stability Analysis of FRAX
16:32 – Opinion: Elasticity in Collateral
17:15 – Opinion: backing by USDC
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In line with our recent focus on stablecoins, today we're going to explore the OG onchain stablecoin: MakerDAO. We will dive deeper into the economics of Maker, and understand how the $DAI ecosystem works.
MakerDAO is a novel and innovative protocol that allows for on-chain collateralised borrowing, while also creating a reasonably effective stablecoin. This gives the crypto community an alternative to fiat-backed stablecoins like $USDT. Furthermore, $MKR holders continue to make continual improvements to the protocol, that make MakerDAO better.
MakerDAO is an alternative source of leverage. Because it is an alternative way to gain access to leverage for those who do not wish to custody assets with a centralised exchange. Borrowing from Maker could also be cheaper when stability fees are low.
Any losses incurred by $DAI holders are backstopped implicitly by $MKR holders, who will be diluted in case the system as a whole becomes under-collateralised. This is a major advantage that Maker has versus other lending platforms on the market, where any losses are borne by the lender.
0:00 – Intro & Contents
0:34 – Analysing Maker
2:01 – Maker's Dual-Token Mechanism
3:42 – Maker's Reserve Mechanism
4:35 – Creating $DAI: How it works
6:47 – Maintaining Stability
11:40 – How Maker deals with market crashes
13:07 – Opinion: Maker vs Lending/Borrowing
14:38 – Opinion: Transparency
15:45 – Opinion: Multi-collateral & Past performance
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Stablecoins are no longer what they used to be in 2017, as they have changed a lot from then till today in 2021. To understand how stablecoins are created and to compare different stablecoins, we must know 3 important characteristics: collaterals, mechanisms, and pegs — explained in this episode.
Why do we care about stablecoins? Because finding a mechanism to maintain its peg is the first step towards creating a global currency instrument that is decoupled from the country-based economy.
So, to figure out and experiment this mechanism, we explore the toolkit in #stablecoins. Think of them as the ingredients to the stablecoin recipe, in which you can tweak and play around with. The goal is to find a mechanism to create a stable asset as an output, so we can use this asset to trade and transact with economic agents in other ecosystems. Aka using USD to transact with someone in another country.
Timestamps:
0:00 – Introduction to stablecoins
0:38 – Collaterals, Mechanisms, and Pegs
1:58 – 2017 Stablecoin Mechanisms
3:46 – 2021 Stablecoin Mechanisms
7:21 – Pegs
10:01 – Amount of Collaterals
11:55 – Types of Collaterals
12:39 – How they all work together
14:12 – The future of stablecoins
15:35 – Closing
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Alchemix $ALCX is a no-loss, yield-generating stable coin protocol with unique mechanisms that include real inflation in the ecosystem. In this episode, we speak to the co-founder of Alchemix, take a deep dive into how Alchemix functions, and the financial incentives of being part of the Alchemix system. We then discuss how it differs from other stable coins and what limitations ALCX could have.
Timestamps:
0:00 – Introduction
1:10 – Background of Alchemix
3:04 – What is Alchemix?
4:56 – Stablecoin creation
8:26 – How is stability maintained
18:45 – Incentives and uses of ALCX Token
22:34 – Differences compared to other protocols
26:42 – Opinions and Limitations
31:45 – Ending
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FEI protocol had all of twitter talking last week.
Backed by significant VCs, this new algorithmic stablecoin mechanism, $FEI, managed to raise US$1 billion worth of Ether within the first 24 hours. And within 24 hours of launch, the price of $FEI dropped significantly, as did $TRIBE, the governance token.
So what went wrong? How did the economics model and incentive design fail so terribly? And what was the tipping point that caused this massive disaster? Today, we analyse the lessons to learn from $FEI, this new mechanism to create an algorithmic stablecoin.
Follow us on Twitter and join our Discord to chat with us and the ED community.
Uniswap is an Automated Market Maker (AMM). It allows users to swap any ERC20 token, using the liquidity pool instead of the order book.
Uniswap is a 100% decentralised and permissionless protocol, operating on the following formula: x*y=k (called “constant product”).
TLDR: V3 update combines both decentralised market maker model with centralised limit order books.
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Handshake (HNS) is a decentralised, permissionless naming protocol in which peers authenticate and are responsible for managing the root DNS naming zone to create an alternative to Existing naming systems and certification bodies.
Handshake is a domain name system which is support Web3. Web3 is about rearranging existing Internet products and services so that they benefit people rather than entities.
The data will still be used to drive decision-making but will not be used against consumers. Data rights will be protected instead of being trampled for profit. Incentive and marketable mechanisms will help ensure that information is reliable and verifiable.
If Web3 is successful, it will positively affect projects solving related issues, including Handshake.
Join our discord to chat with us and the ED community: https://discord.gg/gZGEZfu74X
$EDBK, that means Economics Design Book. A very innovative name, I know.
The general idea is to:
Limit publishing rights of physical books to specific geographical regions
Price publishing rights in accordance to the perceived risks
Use the token to account for distribution of additional income
The main fear by publishing houses is to know the market demand for the book. Thus, $EDBK signals the demand to decrease information asymmetry. Since $EDBK is an NFT that represents the right to resell and publish the book, the only difference is in the details. For example, how long they have the rights for, the geographical area and quantity of books.
The price of the $EDBK is determined by a bonding curve. The earlier a publisher purchases the token, the cheaper it is. That means, they take on the risk to be the first mover and in return, pay a cheaper fee as a publishing house. As market demand for the book increases, this encourages other publishers to get the rights. Now, the publishers are certain about the market demand of the book and there is less risk to publish this book. Thus, they pay a higher fee to buy the rights to publish the same book.
The publisher pays royalties to the author, me, and keeps the mark up. Part of the royalties will be added to the pool and distributed to the $EDBK holders proportionally, including any other sales by the self-publisher (me). These rules and agreements will all be embedded into the bonding curve, via a smart contract.
Call out box: So, if you are a book distributor keen on participating in this experiment, please reach out to book@economicsdesign.com! Or if you are keen on distributing the books, let me know too
book.economicsdesign.com
In this episode we talk about rug pull with Emma Jane and Anna Vladi. Emma comes from an options trading background and now working on digital NFT, fashion, gaming and esports and Anna is building a new autonomous hedge fund in DeFi that is interoperable between chains and aggregates yield.
Rug pull is a big a risk in crypto. The general category of risk is Tech risk, Economic Risk and Price volatility risk and Rug pull exists in all these risks.
Rug pull also exists within NFTs especially when it's built on top of web2 systems with web3 architecture or rug pull by artists on Opensea and metadata on centralised servers.
How to prevent rug pull from team's perspective:
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Use Multi sig wallet initially
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Audit
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Release dev in stages
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Reuse existing contracts that's trialed and tested instead of building from scratch
How to prevent rug pull from investor's perspective:
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Risk management. Think about tail risk. Think about black swan event. the asymmetric convexity of risks.
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Careful where you put your money. anon vs non-anon teams
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Get legal opinions of projects
In this episode, we chat with Zia Word (Co-Founder of Matter Block) and Anna Vladi (Co-Founder at Metl) and talk about Women in DeFi.
NFT is not just about digital art and tokenising assets. There are so many more things we can do with NFTs, like embedding property rights, more efficient mechanism design of property rights allocation and balancing between the various types of tradeoffs.
Today, we have with us Anthony Lee Zhang, assistant professor of Finance at UChicago Booth. He co-authored a paper with Glen Weyl on depreciating licenses (DL). Licenses are basically property rights, and NFT is about tokenising these property rights. (A chapter in the book)
In Depreciating Licenses, Anthony and Glen came up with a simple game theory model of asset ownership. Basically you own a fixed percentage of the property and the remaining percentage is auctioned off or being sold each time period. In this way, it mixes both a full ownership model and full rental model.
This is absolutely fascinating because in property rights allocation, we typically experience the trade off between investment incentive (owning the asset 100%) VS asset allocation (allocating to the best person who values the item the highest right now). With depreciating licenses model, this mixes both and balances the trade off.
Join our NFT discussion channel on discord to ask questions and to learn more: https://discord.gg/6zKyFEyJ
Also check out the Art is Always On Sale model with Simon de la Rouviere: https://youtu.be/5WitN5bwfr8
DL paper by Anthony Lee Zhang and E Glen Weyl: anthonyleezhang.github.io/pdfs/dl.pdf
Reach out to Anthony on Twitter: https://twitter.com/AnthonyLeeZhang
This month is on NFT. We chatted about the economics of NFT, and the economics of NFT flipping last week. A few days ago, an art piece was sold at $69 million by Beeple (https://onlineonly.christies.com/s/first-open-beeple/beeple-b-1981-1/112924)! Of which, $9m is in fees. My mistake, that $9m is to Christie and not the network's transaction.
In any case, transaction fees are still a problem. Not only is it expensive to buy an NFT (we mentioned this 2 weeks ago), but also expensive to MINT NFT. That might be causing the huge inflation in prices, since the fixed cost to mint the NFT is already high.
Hence, I want to talk about Polygon ($Matic) today. Up to now, when the bottlenecks of the Ethereum network have not been fully resolved, Layer 2 solutions are showing their remarkable advantages. Formerly #Matic Network, #Polygon has great ambitions to deploy all Layer 2 solutions on themselves.
NFTs are moving to Polygon because it is cheaper and faster. Also, the level of security on Layer 1 of Ethereum is good but not a necessary function. In this episode, we look at the 4 layers of Polygon and understand the quick dive into the token design!
Donate here: https://gitcoin.co/grants/2054/economics-design-education
This month is on #NFT. The hottest thing in NFT is how one can flip the NFT for insane profits. So today, we have Kiefer Zang, founder of NFT Flipping. Instead of talking about NFT flipping, we will focus on the economics of NFT flipping, the supply, demand and economics of why this is making sense.
Enjoy!
Get the book at book.economicsdesign.com
Kiefer Zang from www.nftflipping.com
NFT is the hype recently, powered by "non-crypto" influential individuals like Mark Cuban, Chamath Palihapitiya and Gary Vaynerchuk talking about it.
You might be thinking, "uhhhh virtual assets and digital assets exist. Why should I care about NFT?". Well, with the advent of blockchain (new technology), we take the existing assets (digital and virtual assets) and improve upon them!
NFT is one of the key foundations of the new digital economy, powered by blockchain. NFT has been tested in areas such as gaming, digital identity, licensing, certification and fine arts. Users can even split and proportionally own items of high value.
Today, we dive into what NFTs are, the economics of NFTs and how NFTs can be combined with DeFi.
Not all NFTs are created equal but refine the foundations and protocols that deliver true value to make the right "money-down" decisions.
Get the book at book.economicsdesign.com
Opyn is an open decentralised insurance platform built on Ethereum that allows users to protect themselves from certain risks they face in DeFi. Opyn is built with the Convexity Protocol, a protocol that allows DeFi users to create call and put options. Anyone can buy options ($oTokens) to protect themselves against DeFi risk. Users can also deposit collateral into a vault to mint and sell $oTokens, receiving a premium from protecting others.
Opyn's value is in creating an environment with many opportunities for value creation. One does not need to own the underlying asset and can simply trade the options contract in the secondary market.
$oToken is tradable in Opyn platform, Uniswap (V1) and 0x (V2). One of its specialities is the ability to combine option contract on one wallet address which will appeal to users.
Opyn is an open decentralised insurance platform built on Ethereum that allows users to protect themselves from certain risks they face in DeFi. Opyn is built with the Convexity Protocol, a protocol that allows DeFi users to create call and put options. Anyone can buy options ($oTokens) to protect themselves against DeFi risk. Users can also deposit collateral into a vault to mint and sell $oTokens, receiving a premium from protecting others.
Opyn's value is in creating an environment with many opportunities for value creation. One does not need to own the underlying asset and can simply trade the options contract in the secondary market.
$oToken is tradable in Opyn platform, Uniswap (V1) and 0x (V2). One of its specialities is the ability to combine option contract on one wallet address which will appeal to users.
Responding to the twitter poll, you guys want more finance and #DeFi explanations. So instead of assuming you know how to use #option strategies to help with risk management, let's do it in this video.
No overwhelm. Just simple basic strategies for now. We cover 3 strategies today:
-
Covered call — think of it as being LP on HEGIC's platform
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Married put — think of it as insurance for price falling
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Bull spread call — think of it as LP on #HEGIC and insurance for price falling
Why am I covering this? Because next week's #OPYN's protocol has such strategies available. So it might be useful to understand them when we do the deep dive. It's better to explain to a few who don't know, than to assume everyone knows and skip this!
Back to our theme of February, we are covering a new protocol, #Potion.
Potion is a decentralised protocol for creating price volatility insurance contracts that run on the Ethereum Blockchain. The protocol allows users to protect against discounts on any asset: $BTC, $MKR, $LINK, $ETH, $MKR, $BAT.
User can create their own contract with custom Number of Contract, Strike Price and Expiry Date.
The interesting part of this protocol is that it does NOT have a token!
Potion Protocol is currently in the development phase, with simple product structures making it accessible to everyone.
In particular, the calculation of the option fee is based on the actual volatility of the asset, or to internalise risk management for liquidity pools.
Get the book now at book.economicsdesign.com I Pay with crypto and get 15% OFF
Financial derivatives are an important component of the financial markets, as they enable risk management. The decentralised derivatives market is expected to grow exponentially with DeFi's growth and, as a result, a widespread and robust financial infrastructure is required.
Opium is a financial protocol for decentralised financial derivative products. Opium Protocol is completely based on open-source software and smart contracts. In addition to conforming to values from the DeFi space and possibly incorporating DeFi currency market and protocols, the Opium Protocol is designed to also incorporate into the traditional financial sector and market participants.
Opium allows the creation, settling and trading of decentralised derivative products on Ethereum. Opium combines any Oracle with any financial tool (e.g. Dapps can interact with Opium). Every position represented by a token can be traded, sent or stored.
Derivative instruments built on top of the Opium Exchange always have limited potential losses and gains. Through a $ OPIUM token and a DAO, the Opium Protocol and its ecosystem will, over time, be completely governed by everyone.
Get the book at https://book.economicsdesign.com I Pay with crypto and get 15% off
In traditional finance, one of the most important pieces of derivative products can be mentioned is options. Continuing on with our #DeFi options series, we will be sharing about #HEGIC, the top #options protocol by market cap.
A simple option is a contract that allows a holder to exercise a call or put option at a predetermined price in the future with the main purpose of minimising the risk (hedging) or speculation.
Hegic is a peer-to-pool option trading protocol that allows users to trade in options in a decentralised way.
Hegic works quite simply with the participation of two components, writers and buyers:
Buyers: who need to call or put option on Hegic. Buyers can customise parameters of Options such as expiry date, strike price.
Writers: Who sell call or put options to make a premium and to become a writer on Hegic users simply need to provide liquidity to the Hegic Pool.
DeFi and CeFi options are different. Especially since tokens are involved. Tokens are not involved equally; #HEGIC uses it for staking and governance, #OPIUM uses it as an ERC721 tradable options contract, #OPYN uses it as a collateral for underlying assets. The models and mechanisms are vastly different.
Today, we will cover the general model of how tokens are created, the value being accrued and the how tokens are being used in these systems.
Learn more by getting the token economics book: book.economicsdesign.com
What are options?
Options are an agreement. Remember when you were young and you told your best friend "if we are both single by 40 years old, let's marry each other." It is an agreement to execute at that time.
Similarly, you have that for financial products. Instead of marrying, you buy or sell financial products at a specific price.
Why use options?
There are a few reasons to use options, mainly because it is part of a trading strategy and it can be quite cost efficient with limited risks. It depends on how you use the option. Another way is to see option as an insurance via a long put strategy. We discuss that in the video too.
CeFi vs DeFi
More importantly, this is to build up towards DeFi options. How are DeFi options different? DeFi options has a protocol (and maybe tokens) to manage transactions and trade within the ecosystem. And that is what we want to look at in the next few episodes.
Learn more about token economics and DeFi by getting our book: book.economicsdesign.com
In 2021, we will switch it up. Instead of videos in bits and all over the place, we will create a monthly theme. This helps to divide the content out into sizable chunks and digest the information much better. Too much info in 1.5h is a bad thing!
In January and February, the theme is options. Specifically, DeFi options.
In this episode, we kickstart 2021 with an episode on volatility. Volatility is important to understand what options are. Then, we can understand more about defi options.
Options is not like AMMs. There is no "general" model to it, because options can be customised in so many ways. So, tokens relating to options are also very versatile. Hence, I will need 2 months to cover options, and for you to make sense of how we can apply tokens and economics to it.
Get the book at book.economicsdesign.com
DEX, AMM and bonding curve. Again, on this topic. I swear there is a lot of other innovation in the space too, but this week, I want to share something interesting with DEXes and their mathematical mechanism. You can guess that because we're having another whiteboard session!
This week is a collaboration with block.science. And we will dive into Sifchain, a cross-chain DEX using Kosmos SDK that includes Layer 1 validation.
3 main things we will cover today:
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Sifchain's rebalancing model for validators and liquidity provider ecosystems
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How transaction fees are calculated. Specifically, we reference Uniswap's model (CMM, zero internal fee) and Thorchain (CLP, internal fees embedded) and learn about how it affects Sifchain's onchain transaction.
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Asymmetric addition of tokens into liquidity pool and how this is different from the other DEX out there
Specifically for fees, I want to stress that there are 2 types of fees — internal fees and external fees.
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External fees are basically zero fee swaps in Uniswap, with a fixed fee per transaction. This is good for traders.
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Internal fees are fees embedded into the DEX swap. This is good for liquidity providers. Can you think why? Hint: because of impermanent loss!
Supplementary reading:
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More of the specific math models by Block.science https://sifchain.finance/wp-content/uploads/2020/11/The-Token-Economics-of-Sifchain-edited-2.0.pdf
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Continuous liquidity pools by Thorchain (which I will do a video some day. It's in the list!) https://docs.thorchain.org/how-it-works/continuous-liquidity-pools
In this episode, we show the TRUE power of tokenisation.
How? Interest earned from derivatives market and tokenise that mechanism.
The DeFi space is getting more complicated with the derivatives market and bringing in elements of Repo into DeFi. Whilst this is really extremely exciting, one problem is that it gets more complicated to understand.
This is what I have been talking about! DeFi is the experimental field and we find the various ways to tokenise value add and bring this new model to traditional finance. I'm so excited.
TLDR: CoinFlex uses Repo style mechanisms to earn the interest rates from perp derivatives. The returns are real and is rewarded to FlexUSD token holders. Thus, FlexUSD becomes an interest bearing USD on crypto. Think of Aave, but instead of P2P, it's derivatives to spot.
Next step:
1) Start creating #FlexUSD here: https://coinflex.com/user-console/register?shareAccountId=1890
2) Allow the bot to do its thing and earn interest via USDC
Happy holidays 😉
In this episode, we learn in an "Explain Like I'm High-School" style of
- What is derivatives and what is the difference in Crypto
- What is Repo
- What is interest bearing FlexUSD?
- Where is interest coming from?
- How do I cash out the interest?
- What are the risks involved?
- How can I get started with FlexUSD?
As much as I want to say DeFi and crypto is easy to enter, it is not easy to fully grasp and understand it.
First you need to understand technology. Then to understand math, finance and economics.
This podcast is to help you bridge the learning gaps. A subscriber (shout out to Magnus) mentioned that a general ELI5 episode would be good to run through the few common terms.
Here, I've picked up 15 terms that are commonly used. Instead of giving you the "just google what it means" term, this is an ELI5 explanation with human explanation. That's the best way to learn, in my experience.
15 terms we run through and explain:
General Classification 1) Layer 1 2) Layer 2 3) Dapp
DeFi General Terms 4) DeFi 5) Money Lego 6) Compostability
Scalability Problem + Solution 7) Scalability 8) Sidechain 9) Roll-ups
More Technical Elaboration 10) ZK roll-up 11) Optimistic roll-up 12) ZK-SNARKS
Other Terms 13) Quadratic Funding 14) Flash loans 15) Front Running
My textbook for economics and math of defi and token engineering it now out for preorder! Get it at https://book.economicsdesign.com/home/
What are social tokens? What are community tokens?
This episode, we speak with Alex Masmejean to dive into the topic.
Social tokens can be split into 2 categories: community tokens (signalling reputation) and personal tokens (investing in a person).
Topics we cover:
- Bonding curve*: 7:23
- Coordination vs speculation management via Treasury: 16:20
- Revenue generation into bonding curve: 20:15
- Risk in social tokens is promoting bad actions: 20:30
- Onchain-offhchain data integration: 28:38
- Tokenising future cash flow of artists. How value is justified?: 32:00
- Reputation in social tokens VS loyalty points: 38:30
- Reputation in social tokens vs #NXM: 40:15
- Value generation: how to increase economic value of social token (utility vs dividend): 42:25
- Basic legal framework to distribute value: 45:00
- 1 advice to social token designer: 50:55
*NOTE: The bonding curve mentioned by Alex for uniswap is misleading. The uniswap model is not exactly linear.
I started looking at Bancor years ago, because it had the same name as the world currency John M. Keynes had in mind. Their math fascinated me, and that's how I got started with the AMM rabbit hole! The Bancor V1 token economics analysis report (https://www.economicsdesign.com/portfolio/bancor/) is about how Bancor works and what the token does.
Bancor has been working on a few improvements, from price slippage issues to impermanent loss. V2 of Bancor was about dynamic weight, which is something really fascinating. But let's focus on their latest update, V2.1.
V2.1 follows the static 50-50 weight as V1, aka the Uniswap style. The new introduction is the insurance for impermanent loss. So you will have ZERO impermanent loss. You get subsidised for any losses sustained. How does that work? Let's find out in this episode.
We will also cover the supply of $BNT based on the various actions in the ecosystem and how that indirectly affects the price of $BNT.
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
You've listened to the episode on BarnBridge, how it works and suggestions to be made.
Here's the full interview with Tyler Ward, as he explains what they are doing, what they can do in the future and how the tokens in Barnbridge works. Enjoy!
The summary version with the product economics is the previous episode before this.
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BarnBridge is a new defi product in the market. Unlike the existing defi products, BarnBridge goes to a new level of mixing the various existing protocols.
This is unlike the usual episodes we cover. Usually, it's very economics design focused. This time, it's more of financial design focus. This is still relevant to economics, in terms of financial economics.
In this episode, we dive straight to:
-
4 tokens in BarnBridge and comparing them
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Governance structure in #BarnBridge
- Comparing them with existing protocols like $YFI, $AAVE, $SNX
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Understanding the products in BarnBridge
-
Sharing 3 suggestions for improvements
Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign
Today, we continue part 2 of the economics of insurance. This episode is a deep dive into Nexus Mutual, $NXM. I'm not saying that DeFi is all about bonding curve....... but I'm 100% going to talk about bonding curve.
**Note: This bonding curve is DIFFERENT from the AMM bonding curve!
Watch the previous video if you have not done because this is part 2: https://www.youtube.com/watch?v=i97PVvQrcnc
This episode, we cover the general workings of Nexus Mutual and how they used token to align incentives of the various agents: risk assessors, claim assessors and insurance cover buyers.
More importantly, we also dive into the math of Nexus Mutual and answer the questions about the monetary policy of $NXM. The why and how things are affected in the curve.
In general, we follow the economics design framework, looking at Market Design, Mechanism Design and Token Design aspects of the token. Enjoy!
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Crypto/DeFi is more than just the economics, mechanisms and code driving it. One of the other cool things is the innovation in business logic, systems and products. Being in the digital space opens up more opportunities to mitigate inefficiencies and create ways to increase value-add.
Today, we are joined by Victor Lee, the CEO of Bitcurate. In this episode, we will dive into flash loans and credit delegation, new innovations by Aave, made possible with the composability of DeFi dapps. Stacking one protocol on top of another, such innovative products can bring some real value-add to the system!
Topics we covered
- What are flash loans?
- Economic value-add of flash loans
- Use-cases of flash loans
- Are flash loans all risk-free? Where is the risk?
- Flash loan as a trading strategy
- Credit delegation — the benefits, the risks and the economics
- Flash Loans beyond Ethereum
- Flash Loans beyond DeFi — traditional finance and within crypto
- What should one know to get started with flash loans?
- Advice to economics designers when building ecosystems
Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign
The insurance business is one of the oldest in the world. Today, it's worth over US$5 trillion.
Online insurance is only capturing US$31 billion. And in crypto, it's even smaller. That spells opportunities x1.
The insurance industry is so inefficient. That spells opportunities x2.
In this video, we dive into the economics of insurance. This helps us to better understand Nexus Mutual, when we do a deep dive in the next video! In the economics of insurance, we cover the Economics of Signalling, Economics of Moral Hazards, Principle-Agent Relationship and Law of Large Numbers.
Quick navigation:
-
Inefficiencies in insurance: 02:55
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Economics of Insurance: 12:04
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Risks in DeFi/Crypto: 32:21
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Risk Sharing Model of DeFi: 48:54
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(High level) Economics of Nexus Mutual: 54:51
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DEXes are eating up the trading volume of centralised exchange. We covered many areas of DEX, from understanding the mechanism behind to understanding the various math formulas. In the comments, people were asking how to calculate impermanent loss and the risks available.
So in this video, we cover 3 main things:
- What is the general formula for AMM
- What is the risk of trading within AMM (aka when you are a trader)
- What is the risk of adding liquidity in AMM and there is a price difference outside (aka when you are a liquidity provider)
Apologies for the late upload. I'm a few days behind. Just being slightly busy right now. But I'll promise to continue uploading videos, content and explaining the math so it helps you to make informed decisions.
Want more in-depth content? Check out www.economicsdesign.com
The plan for this week is to do a deep dive for Sushiswap. But friday happened and the weekend happened. A lot of gains is swiped out in the S&P financial market and defi financial market. And since the video on "Why DeFi is more than just a Ponzi Scam" has gotten quite a bit of traction, I figured it's good to talk more about Ponzinomics.
For Sushiswap, the video will still be produced, with my hypothesis and analysis of the future of $SUSHI. It will be available to premium subscribers on Patreon, so do subscribe to our patreon to support these content!
In this episode, we chat about what is ponzi in defi, what ponzinomics really is about, the 10 ponzinomics mechanisms, 2 case studies of scams and how you can protect yourself from ponzinomics scams!
Quick navigation: 1. What makes it a ponzi scam 2. Ponzinomics 3. 10 Ponzinomics Methodology 4. How to protect yourself 5. YFFI scam 6. Sushi scam…? 7. How to protect yourself
Want more in-depth content? Support us on patreon at www.patreon.com/economicsdesign
We've talked about bonding curves so many times. You'd think I've exhausted the content. HAH! Not a chance.
Today, we have with us Jeff Emmett from the Common Stacks team, sharing with us about augmented bonding curves, generalised bonding curves and various "behind the scene" concepts of bonding curves.
Absolutely follow him on twitter at https://twitter.com/jeffemmett.
Want more in-depth content? Sign up at our Patreon at https://www.patreon.com/economicsdesign
Today, we have a guest on our episode, Simon de la Rouviere. He's known to start talking actively about bonding curves and it's making a huge impact to the future that we are building — #DeFi and crypto.
Things we covered:
- What are Harberger Taxes
- Evolution of "Art is Always on Sale" V1 vs V2
- Patronage as an asset class
- Taxation and its impact on time horizon of holding assets
- Relationship between art work and incentive to artist
- Bonding curve with NFT via a price floor
- Utility as a marginal incentive function in bonding curve
- Various curve relationships between art and prices
- Governance in NFT
- Sustainable funding and efficient economy for artist
- Combining DeFi with Bonding Curve for collectible art and virtual assets
- Bonding curve uses in personal tokens
- 2 advice to economic and system designers
Some links on the things we talked about:
- Radical markets [Book] — https://amzn.to/31wRteX
- Cadcad [Programming] — https://cadcad.org/
- Wild Cards [Project] — https://devpost.com/software/ethcapetown_wildcards
- This Artwork Is Always On Sale v2 — https://blog.simondlr.com/posts/this-artwork-is-always-on-sale-v2
- Exploring Harberger Tax Rates in Virtual Collectibles & Patronage Markets — https://blog.simondlr.com/posts/exploring-harberger-tax-in-patronage-markets
- Patronage As An Asset Class — https://blog.simondlr.com/posts/patronage-as-an-asset-class
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
What is Ampleforth? What is supply elasticity? Why do I have more tokens and suddenly less tokens? Where does Ampleforth come in, in the #DeFi space? How does Ampleforth work?! I don't understand Ampleforth!
Fret not, let's start Season 2 with a deep dive and case study of Ampleforth, using the Economics Design framework for tokens.
Things covered:
- What is Ampleforth
- Objective of Ampleforth
- Token function
- AMPL vs AAVE
- AMPL vs COMP
- AMPL vs USD
- Economics design framework
- Main USP of AMPL
- What is Synthetic commodity money
- Economics utility vs financial utility of AMPL
- How AMPL works using example of hot and cold water
- Monetary policy of Ampleforth
- Graph analysis of AMPL
- Valuation model for AMPL
- Global trade impacts of AMPL
- Distribution and allocation analysis of AMPL
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We've covered about bonding curves and the various incentive mechanisms that you can bake into the curve. This episode, we focus on using bonding curve as a way to fundraise for your project.
Fundraising with tokens doesn't always mean that the token is a security. It can also be a utility. Here, we share 4 use-cases of how bonding curves are used in fundraising. Unlike autonomous market maker, there is no general model to follow.
Quick navigation:
- Bonding curve in AMM vs Fundraising: 00:56
- Utility token vs Security token in fundraising: 04:06
- Bonding curve application in fundraising: 04:52
- Utility token: 09:34
- Use-case 1, Giveth platform: 10:08
- Use-case 2, Aragon platform: 14:17
- Use-case 3, Molecule platform: 17:04
- Security token: 27:57
- Use-case 4, Fairmint platform: 28:15
- Application: 32:41
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Use EARLYBIRD for a discount.
The podcast version has no images to follow, unlike the YouTube channel. So it's easier! 🥳
In Part 1, we covered the basics of token bonding curves and understand how the shape of the curve affects the incentive mechanism.
In this episode, we look into the application of token bonding curve in decentralised exchanges, DEX. Specifically, the use case of Autonomous Market Maker.
We dive into 4 case studies: Bancor, Uniswap, Balancer, Curve
The concept of token bonding curve in this 4 DEXes are the same. But the application of how the token bonding curve algorithm is built is different. So we uncover the 4 various algorithms used in the 4 different token bonding curves.
Quick navigation:
- Addressing 3 issues of previous episode: 00:26
- Content we will be covering: 05:40
- SUMS of token functions: 07:11
- TBC in Stable tokens (pegged tokens): 09:17
- TBC in Security and Utility tokens: 10:35
- TBC in Autonomous Market Maker (AMM): 11:42
- Why AMM in Decentralised Exchanges (DEX): 14:39
- Which DEX that use AMM: 17:03
- Math concepts of Bonding Curve in Autonomous Market Maker : 18:13
- General bonding curve in AMM: 23:03
- Case study 1, Bancor: 26:41
- Case study 2, Uniswap: 34:25
- Case study 3, Balancer: 40:18
- Case study 4, Curve: 46:29
- Application to projects: 50:07
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Introducing an early bird discount before I refilm all the episodes. You will still get access to the new episodes when it's done!
Use code: Earlybird to get 25% discount.
Parts will be available on Economics Design soon, when I launch the premium version on 31 Aug 2020.
⚠️ PSA: This podcast episode is different from the YouTube channel. This removes the maths and graph, as it requires visualisation. Please check out the YouTube version for the graph. Otherwise, this episode is good enough to have you an in-depth explanation. ⚠️
This is a 2-part series. Part 1 is on the economics and math of TBC and how the curve functions affect the incentive mechanism and what governance can we embed into the function. Part 2 will be on using these functions in projects, and taking a dive at a few projects.
The episode is split into 2 because it gets quite heavy to digest all the information at once. So part 1 is the more math-y part, for you, as economics designers to grasp. And part 2 is the more application-y part, for you, as economics designers to know how to use it. After all, knowledge is only valuable when applied.
Enjoy this first part. We understand token bonding curves, the benefits, where the value accrual is derived from and the various functions to consider.
As much as I wish there is 1 perfect function, the functions really depend on the objective of your system and what it wants to incentive or govern. So choose wisely and have fun playing with graphs!
- Application to token economics framework: 00:38
- What is token bonding curve: 03:53
- 4 properties of token bonding curve: 07:50
- Use-cases: 11:38
- Where does value come from: 13:37
- Risks and ways to mitigate risks: 18:09
- 4 math functions: 19:30
- How to calculate total cost of tokens: 28:39
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
In this episode, we interview Arthur Cheong, a DeFi investor. He's on Twitter as @Arthur_0x. From the perspective of an investor, who invests in tokens and token projects, we uncover what are the key aspects in token economics that he is concerned with. He also shared his top 3 projects with good token economics, opinions on yield farming and advise when designing tokens.
Spent 2 full days on the audio 🙃 This specific episode is best viewed on YouTube with subtitles.
Quick navigation:
- What makes a good token: 1:04
- 3 Projects with good token economics: 3:38
- Tokens as equity: 8:57
- Retalisation trend in DeFi: 11:47
- Factors for due diligence: 13:04
- Yield Farming: where is the economics value?: 16:05
- DeFi moving forward: 20:08
- 3 tips for token designers and economic designers: 27:14
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
Alright listen up guys. Now is the best time for #STONKS.
Memes aside, new token design are constantly entering the space. As DeFi continues to mature, I think we will start to see more sophisticated tokenised products with mathematical programmable rules embedded in them. How is now not the best time to be alive!
This episode, we dive into leveraged tokens. Using the token economics framework, we uncover the economics behind leveraged tokens, using #FTX as an example. Some simple math are involved. But don't worry. It's all fun and games.
Caution: this is a high risk product! Don't stonk your lives away ok.
Level up with #TokenEconomics course: https://education.economicsdesign.com/
Yield farming is all the type right now. We talked about the international gold (bitcoin) standard and this week, on farming. I guess history really repeats itself! This week, we share about 4 projects using yield farming, and breaking down the economics of yield farming and token design. Whilst yield farming is a great way for your project, consider the bad and ugly too, if you decide to implement it in your project.
Quick navigation:
- What is yield farming: 00:53
- Projects using yield farming mechanism: 03:21
- Yield farming hacks: 09:05
- Good, Bad and Ugly: 14:05
- Economics of yield farming: 20:40
- Applying to projects: 29:56
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
We've talked about how bitcoin accrues value. Now, here's why bitcoin will only remain as a P2P currency but never play a role in the international monetary order.
In this episode, we will understand the various international monetary order, the lessons learnt and what does it mean for an international monetary order moving forward. And in this process, figure out where #Bitcoin plays a role and how it is possible to have a small part of the international monetary order.
Quick navigation:
- Short answer in 30 seconds 1:20
- History of international monetary order 1:53
- Lessons learnt from it 26:43
- Bitcoin's possible role in the international monetary order 28:54
- Why Bitcoin will never be an international currency 36:25
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Currently having a discount.
You've probably heard enough about the whole argument of "money used to be gold". In this episode, we will uncover the fundamentals of how money accrues value from 2 perspectives — metallism and chartalism.
Quick navigation:
- How money is created (Metallism vs Chartallism) 01:34
- 3-step process to legitimising money 10:20
- Application to cryptocurrency 12:30
If you are keen to learn more, we are currently having a discount for the Token Economics Blueprint course! It's a 10 lesson session and you can choose which section you are interested in. Total lesson time: 15 hours.
Join our Token Economics 201 course at www.education.economicsdesign.com!
In the midst of #blacklivesmatter, protests in Hong Kong and protests all around the world, this is one the beginning of change. The change is governance, and how we govern in the future.
Moving towards a digital landscape, we can now tap into new opportunities like decentralised governance and decentralised organisations. This episode, we explore DAO, the future of governance and liberty. DAO means decentralised autonomous organisations. It can exist on blockchain and non-blockchain platforms.
This episode, we will cover:
- What are DAOs
- Why are DAOs important
- Economics of DAOS: Economics of trust, Economics of coordination, Economics of allocation
- Types of DAOs in the space today
We share about the various projects
PieDAO #MolochDAO #KyberDAO #MakerDAO #DASH #LAO
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! (Currently having a discount!)
Whilst there is no holy grail of model to design (token) economics, there is a framework that you can use.
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Whilst there is no holy grail of model to design token economics, there is a framework that you can use. I developed this after researching for 2 years. Basically deconstructing economics to its principles and then using that to apply to the new world order that governs our lives today.
Ps: Am I speaking too fast and should I slow down?
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
Watch on YouTube for visual learners and Substack for those who prefer TLDR reading.
Trying a new format for videos. Let me know if you prefer this format or the previous ones!
This is a case study of Binance's native token, BNB. Bookmarks so you can jump to your preferred sections:
- Quick PSA on the term "token economics": 00:51 //
- Market design of BNB token: 01:22 //
- (Token Design) Token structure: monetary policy and valuation: 04:14 //
- (Token Design) Financial incentives of BNB tokens : 11:12
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
Watch on YouTube for visual learners and Substack for those who prefer reading.
Often, we like to think that token economics is all about the token. That is not true. It also comes with the design of the environment, which the token exists in.
And that's market design.
In this episode, we uncover what market design is, what are the 3 aspects to consider and examples of how they can be applied when you design your token ecosystem.
Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
Watch on YouTube for visual learners and Substack for those who prefer reading.
This special episode, we will look into the case study of Bitcoin and uncover its monetary policy and implications to pricing in the 2020 block rewards halving.
With the reduced selling pressure, increased sellers inelasticity, reduced inflation (due to stock-to-flow ratio) and derivatives, this 2020 bitcoin block reward halving could see a different volatility in the market.
Watch on YouTube for visual learners and Substack for those who prefer reading.
In this episode, we will unbox the problems, questions and analysis of Libra Network. We will share about the reason Facebook is entering the financial space, how Facebook is looking to extract more value from its platform, the blurred line between government and firms, impact on the Libra coin for retail and institution users.
Libra is not just about world domination with money, but how do we build a better financial infrastructure for the future. We have to understand the causes and effects of the design and find solutions to the existing problems. So we do not bring the same problems into the new digital space.
Remember to subscribe on YouTube for visual learners and Substack for those who prefer reading!
In this episode, we will unbox the economics design of Facebook's Libra network. Applying the token economics framework, we will analyse the economics design of Libra coin based on the new Libra Whitepaper 2.0.
Remember to subscribe on YouTube for visual learners and Substack for those who prefer reading!
In EP 4, we covered behavioural economics, which is principle 1 in token economics. Today, we will come back to the basics of supply and demand. Why we need it, how to govern it and how can we apply to the token economics that you are building.
So far, we focused on classic economics and how we can apply classic economics into the design of economics systems. In this episode, let's talk about a key underlying principle to manage the ecosystem, behavioural economics.
Economics design of the crypto ecosystems are in 2 layers. Layer 1 on classic economics and beautiful mathematical formulas. Layer 2 on behaviours of participants and actions.
In this episode, we will dive into
- What behavioural economics is
- Why are we like that? Why are we so prone to influence?
- How can we apply behavioural economics applied to token economics?
👀 Watch on Youtube: https://www.youtube.com/channel/UC-o87lCF9HaEuj0R-3VT1yg
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Previously, we looked at the economics design of a video game, as well as what we can learn from viruses that are applicable to economics design. In this video, we take it one step further and look at token economics, as well as how it is redefining the future of the world we live in today.
The beauty of token economics is that its possibilities are endless. From art to buildings, the way we invest in assets could be completely redefined with the arrival of tokenisation. The act of tokenising assets has threatened to disrupt many industries in many disciplines, in particular the financial industry. As a designer of the ecosystem and token, there are countless ways to manage the demand and supply of tokens, with the goal being to maximise the value of your tokens in the primary market. As we enter a more data-centric world, we can engineer designs to serve the outcomes we want. Token engineering and token economics are just going to continue increasing demand in this space, and what we optimise as well as how we optimise, is going to keep changing and evolving.
👀 Watch on Youtube: https://www.youtube.com/channel/UC-o87lCF9HaEuj0R-3VT1yg
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We can learn so much from biology and how it adapts to changes in the environment. Taking the lesson from Coronavirus, I'm keen to figure out the mechanisms in which viruses adapt and mutate as a result.
In this episode, we want to answer 3 fundamental things:
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What drives evolution?
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What role does the environment play in evolution?
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How can we apply this to designing complex evolving economic systems?
This is the first episode to Economics Design 1. Think it is not relevant to you? If you have ever sold tickets to an event, collected points for a membership, or done management of a space or any sort - economics design is more than relevant to you!
In this episode, Lisa tells us how to design a working economics system within a zoo. Tell us what do you want us to try next?