Podcasts about solend

What's up everybody! It's Thomas Bahamas and you are here for another episode of Solana Weekly. We've got a lot of excitement this week with the FOMC numbers coming out today and we are on the verge of a shift in monetary policy flipping from restrictive to cutting rates. Sol Price: 181.84, up two dollars from last week, but we spiked above 190 and the strength that it's showing versus the market cannot be ignored. SOLETH: .05486 - up a small amount from last week.SOLBTC: .00273 up a bit, and if you look at the yearly we are testing highs on this pair. Insane when you think about it with all the momentum behind Bitcoin.SOLD - 3.61 up from 3.5Overall, Solana is looking strong from all the metrics that track as far as price goes and we are at usage levels that are just about all time high as well. Feels like Solana Summer to me.Biggest price narratives:Overall in the market it's still ETF's, elections, fed cutting rates, Solana usage and memecoins. With that said, I actually still think that Solana benefits from an Eth breakout. Whether that's just more liquidity willing to go to risk assets, people watching the SolEth chart, or even the bet on Solana getting an ETF next.Drip Haus feedback:So much love, I would like to thank each an every one of you. will try to take things from first principles more often, thanks again Reeny.Biggest news: Binance lawsuit the sec no longer calls Solana and other tokens securities.Looks like the rates have been unchanged for the Month of July with September rate cuts being priced in at 90%.Protocol wise, it doesn't seem like there have been any major releases other than the ability to short memecoins being released on Solend and Marginfi.Our NFT's remain down, hold steady and harvest some tax losses if you can. I fight the urge to buy more quekz and a MadLad daily. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com

Marius Ciubotariu and Mark Hull join us to discuss how Hubble 2.0 will become the economic hub of Solana DeFi. In this episode, we discuss Kamino's origin story, how Kamino approaches risk management, why Solana will have the next breakout app, multichain vs a single-chain focus, vertical integration and more! Make sure to stay for the whole conversation as it really heats up at the end! - - (00:00 Introduction (00:57) Kamino's Origin Story (10:32) Lending, Risk Management and the mSOL Depeg (32:27) Kamino Finance 2.0: Solana's DeFi Hub (36:12) DAS Promo (37:11) Vertical Integration vs Composability (41:13) Kamino Points Incoming (44:46) How to Have Conviction (49:46) Startup Founder Advice (53:43) Why Tribalism Matters, Multichain and the SVM - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use LIGHTSPEED10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Follow Marius: https://twitter.com/y2kappa Follow Mark: https://twitter.com/trader_marky Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Kamino Finance https://linktr.ee/kaminofinance https://twitter.com/Kamino_Finance Hubble Protocol https://hubbleprotocol.io/ https://twitter.com/HubbleProtocol MarginFi vs Solend episode https://spoti.fi/48mmhyW https://youtu.be/KcazozbZHd0?si=D0RjxrWyDWZriOt8 - - Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.

Rooter (co-founder of Solend) and Edgar (co-founder of MarginFi) join us to debate last week's mSOL depeg and how to implement risk management. Last week's mSOL depeg led to liquidations throughout Solana DeFi and a heated debate between the Solend and MarginFi teams. In this episode, we discuss what happened, where Solend and MarginFi disagree, the oracle debate, why liquidator profitability matters, points systems vs token launches and more! - - (00:00) Introduction (01:18) The mSOL depeg and Liquidation Debate (32:15) Merinade Plug (33:26) Two Risk Management Philosophies (40:26) Why Liquidator Profitability Is So Important (50:38) Addressing the Twitter Drama (01:06:25) Professional vs Lazy LPs & Token Governance (01:12:49) Solana Airdrops and Points - - Marinade is the most optimal way to stake on Solana. Unleash your staked SOL liquidity with their liquid staking token, mSOL, or use their new product called Marinade Native to get the best of Marinade's automated liquidated staking without the DeFi or peg risk! Check out Marinade today at https://marinade.finance/! - - Follow Rooter: https://twitter.com/0xrooter Follow Edgar: https://twitter.com/edgarpavlovsky Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Tarun's new article on risk management https://www.gauntlet.xyz/resources/how-to-measure-risk-models-part-i MarginFi https://twitter.com/marginfi https://app.marginfi.com/ Solend https://twitter.com/solendprotocol https://solend.fi/ - -  Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.

This week's guest is Domingo Valadez, Co-founder & CEO of Homebase, a platform that lets people invest in tokenized residential real estate for as little as $100. As real estate prices continue to get more and more unaffordable for people, Homebase aims to be the destination for US renters to invest in the US residential real estate market via fractionalizing NFTs. Show Notes:0:50 - What is Homebase?2:05 - Why Solana?4:06 - How does it work?7:09  - Benefits using web3 and Solana9:17 - Us vs International11:11 - How things can evolve for Homebase?  14:18 - Regulatory landscape in the US / next US markets to expand to17:04 - User journey from first wallet to being a homeowner20:04 - Voting  21:14 -  Retaining people in Crypto    22:57 -  Exciting things in on-chain residential real estate.24:38 -  A builder Domingo admires in the Solana ecosystem Full Transcript:Brian Friel (00:05):Hey, everyone, and welcome to The Zeitgeist, the show where we highlight the founders, developers, and designers who are pushing the Web3 space forward. I'm Brian Friel, developer relations at Phantom, and I'm super excited to introduce my guest, Domingo Valadez, the co-founder of Homebase, a digital platform for fractionalizing residential real estate via NFTs. Domingo, welcome to the show. Domingo Valadez (00:28):Thanks so much for having me, Brian. Super excited to be here. Brian Friel (00:30):Yeah, super excited to have you on as well. You guys are a hotly anticipated recent launch. I've seen you guys on Twitter. It's one of the most, I'd say, unique and more pragmatic applications I've seen most recently launch on Solana. Can you give us a quick overview of what is Homebase and how can users start using it today? Domingo Valadez (00:51):Yeah. Homebase is a platform that lets people invest in tokenized residential real estate for as little as $100. The main value property right people is just getting exposure to an actual physical rental property and starting to get some of that passive income, starting to get that appreciation over time in terms of how you can participate and invest, you can just go to our website, make an account, we do force you to put a KYC and that's just to follow us regulations. So right now we're limited to just US investors unfortunately, but have plans to make it international as we continue to grow. But right now it's a matter of KYCing. You also have to set up a 15-minute call with one of my co-founders, Alex, and that's just to make sure that you're a sophisticated investor so you get to know us a little bit. So we're very transparent with our team and what we're doing, but we had 38 people participate in our very first home and now have 1500 that want to participate in our next one. Brian Friel (01:41):That's awesome. So residential real estate investing, that's something that I'd say a lot of the demographic with Solana maybe skews potentially on the younger side. This is something that people think is interesting but have historically been left out of this world of investing. What made you guys decide to do something in a purely digital way that's different than traditional residential real estate investing and what made you guys choose to launch this on Solana? Domingo Valadez (02:05):I grew up in a family that has always seen real estate as a great way building wealth over time and just growing up I've very quickly seen it become unaffordable for most people in my generation. So I was working at Google for five years, still couldn't afford anything in the Bay Area and I was like, "This is absurd." And so it was like how can we make this affordable for people where they can actually get some skin in the game with the properties they're living in? And so that was really a big culmination for why Homebase and so then I've invested in my own residential property, myself and my hometown of McAllen just going into that flow, so many third parties, how to work with a bank, took literally three months to buy the property and that was just awful as well. So it's kind of like what can we do that's completely digital that just makes the experience really, really easy for people? (02:49):And so that's where the idea around Homebase came from. We're making it where people can invest in properties for as little as a hundred dollars. And so real estate's also a industry that loves silo data. You have big players that really hold their data near and dear to their heart and don't want to share it, and that's the complete opposite of public blockchains, right? It's like, "Let's just get data. Everyone should have a fair shot at understanding what's going on and if you know how to utilize that data, you can make some great decisions with it." A big piece of it came from the mission as well of I've been following Bitcoin since 2017, love the decentralization aspect of it and so wanted to see how we could get real estate in a very transparent open source way. That was a big culmination about why even build in a digital space using blockchain to do this. Brian Friel (03:33):Love it. I think that story resonates with a lot of listeners potentially I myself in Bay Area. Similar story there, so it's similar frustrations. I guess I'm a little curious how does this at a high level work under the hood? Kind of back to my earlier question, a lot of folks maybe don't know much about real estate investing. There's a lot of paperwork involved. What role is Homebase playing? What parts of this are done on chain? How do I go from, "I'm just a normal crypto user with NFTs." To now, I can say, "I'm a part of this homeownership project." How does that all work under the hood? Domingo Valadez (04:07):I'll share the Homebase side, then I'll share the user experience side. So it's actually quite complex to make it work. It took us seven months to build out the legal frameworks to how to do this and then building out the software for tokenization took about two months for us to do. But just to walk you through this first home, how we did it effectively, we found a property that was suitable. We put it under an exclusive buyer seller agreement, so Homebase had full rights to sell the house on behalf of the owner. We then spun up a special purpose vehicle that was sole intent was to purchase that property, and so then we created NFTs that represent ownership in that special purpose vehicle and we had a mint date on that mint date. It was basically like the day we started selling the property. (04:45):And so people could literally go to our website, these are people that have already KYC accredited, non-accredited, could then buy tokens with USDC and they would mint them directly on our platform. And so they would get those tokens immediately to their account and then in tandem they would get DocuSign documentation sent to them. So they have to sign a legal LLC operating agreement, they need to sign a security token purchase agreement, all this legal documentation that basically says like I am buying tokens using USDC and I'm now a member of this LLC that was created. So once we acquired all the money that was necessary, we then closed up the SPV and then actually completed the transaction. And so the owner received the amount of money that they were trying to sell on his first property, and then once that was closed, we then filed with the local title companies to basically transition the title from the owner into this new SPV we created. (05:40):So the piece that's truly on chain are the NFTs we created to represent ownership, but we're pretty much a Web 2.5 company where we do need to know who exactly owns what tokens, and we only whitelisted wallets can effectively trade them between themselves. So we file these as Reg D 506, security, private placement offerings, and in that regulation you have to hold the investment for at least a year. You can't trade it for that initial year, and then after that you can sell it through our platform either back to us or eventually want to allow for peer-to-peer trading, but we need an alternative trading system license for that, which we don't have yet. So the majority of it's going to be people selling it back to us and then us reselling it to the next person. Brian Friel (06:23):That makes a lot of sense. That was going to be one of my follow-up questions because given the permissionless nature of most tokens by default on chains, I was wondering how that works within a legal framework. You mentioned this first home that you guys tokenized from what I saw, it sold out within the first two weeks. It was a great success, but you guys basically just proved a use case that, "Hey, within the legal framework of how this exists today, this actually works." I think we could get into in this podcast talking a lot about where you guys see this going in the future and how this whole process is going to evolve. But can you talk a little bit about even just this first home that you guys tokenized and sold, what were some of the immediate benefits that you saw using Solana or blockchains in particular that might be different than the normal process? Domingo Valadez (07:09):I think a lot of the benefits are for users, not for us as the company doing it. So there was still a lot of complexity when it came to structuring all this and every single home we tokenize and sell on the platform has a lot of complexity behind the scenes, but for the end user, people could literally invest in this first home within five minutes. That's how long it took some of our users to purchase these tokens. And then they're just relying on us to do all the paperwork on the backend. Moving forward, we're going to be distributing out all funds using USDC, we're actually partnering with Circle. They're our money transmitter. They're the ones basically sending out all the funds to every single holder and we're going to be doing that monthly. (07:46):So as an end user, you just became a fractional owner in this property. You don't need to deal with any sort of property management headaches. You get your passive income and when you're ready to sell, you can just sell it back to us. We're going to be partnering with blockchain home registry to showcase the value of the properties monthly, and so you'll be able to sell it at true fair market value as dictated by five different data points of trusted institutions saying, "This is what the value of that property should be." Brian Friel (08:11):That's pretty awesome. One thing I want to hit on too is you mentioned that there's accredited investor checks, but is this also open to non-accredited investors as well? Domingo Valadez (08:19):We can have up to 35 non-accredited investors participate per home offering. It's limited to that just by the Reg D 506 B offering that we do, but we can have unlimited accredited. So moving forward, we think the 35 non-accredited spots will be taken pretty quickly because of course that's the main use case for people where they see the main value in what we're doing. But yeah, we plan to switch to Reg A offerings in the future and that'll allow anyone to participate. No limitations whether accredited or non-accredited. Brian Friel (08:47):These terms, accredited investor, unaccredited, Reg A, they're very, I would say US-centric. There's a lot of particular nuances to US investing laws that maybe contribute to why folks like us are interested in these kind of products. We can't always afford residential real estate in areas that we live and work. Is Homebase exclusively focused on the US Do you guys also see this problem internationally and can you talk a little bit about maybe how the US differs from some other major markets internationally? Domingo Valadez (09:17):The US probably has the toughest regulation when it comes to this. So for us, we very much wanted to tackle one of the hardest markets and also two of the three co-founders are US based, are three co-founders in Canada and both markets so similar, very, very expensive real estate in any sort of big city all feel priced out. So we really all align in the mission behind this. Our initial launch market was in McAllen, Texas, so that's where I'm originally from. So it was very near and dear to my heart to launch there and see properties that I grew up with actually get access to the internet and get tokenized in that capacity. But we'll stay likely in the US for the near medium term, but we do want to allow international investors to participate as well. So we've already been reached out to by a few big players internationally that want to be LPs in our future properties and then they can sell it to some of their customers as well, and that's how we'll open it up and expand the pie to international investors as well. Brian Friel (10:12):I love that. So you mentioned when you did the high level overview of how this process works, essentially onboarding people one by one, taking video calls with them, making sure they understand the process, having to give them tokens that there's restrictions on how they can actually be sent to different people if they want to resell. It oftentimes having to go through you guys that whole process and then I'm sure even just the whole process of you setting up these legal entities as Homebase and your Web 2.5 company right now, there's a lot of legwork that you guys are doing on the back end, abstracting this out. (10:45):I think listeners of this could imagine a world where one day this is all pushed more to the edges, to the actual token holders and owners themselves. How do you guys think about how this is going to evolve over time? Which pieces of this do you think potentially in the next couple years could be more evolve, looking in areas where you guys maybe at Homebase aren't doing as much legwork and which areas do you think are going to be a little bit slower to evolve over time? Domingo Valadez (11:12):US real estate's very locally driven. Not only do you have to follow federal regulation, you also have to follow state regulation. You also have to follow local regulation all the way down to the county level. And so understanding each of those three layers of regulation is really important. And so that drove a lot of where we first launched. So Texas is very pro landlord, they're pro tendency in common, so it was very easy to fractionize the property there and they don't have any sort of transfer taxes. So if I sold my tokens to you, other states or other cities would charge a tax on that, Texas doesn't. So that was a big piece that kind of decided where we even launched on the piece about where we're going and what do I think is going to get better over time. One of the big reasons we even did this on chains, we've had a lot of people say, "Why don't you just fractionize this without blockchain that's so complex, you're making your process harder." (12:00):It's really about the secondary financial implications of what it means to have things decentralized and on an open platform. So for example, we're already in discussions with an on chain lender to allow people to collateralize their tokens to actually take on chain debt. No bank, no credit score required, literally just you collateralizing your tokens to take on debt and that to me is a beautiful thing. You cannot own any piece of a home without a mortgage under your name or a bank, someone getting involved and checking out your credit score. So that to me is really, really exciting and something we can already do with the first home moving forward. Another piece would be as regulation gets looser, having more clarity around allowing peer-to-peer trading. So alternative training license is what we're going to be going for relatively soon, and that's going to allow for people to trade within themselves so they don't have to sell it back to Homebase, but actually allow for peer-to-peer trading. (12:55):To me, it's really just like all of the applications that then could get built on top of having real estate completely tokenized on chain is what gets me excited about the Web3 space. I think the pieces on the regulation that's going to push back is making sure everyone's KYC, making sure you know who your users are, making sure they didn't launder any of their money. But yeah, I think that's one of the biggest benefits of Web3 and creating liquidity in a market that's historically been pretty illiquid and at a very, very high prices. Brian Friel (13:23):Yeah, I think you're right. There's this element of composability that comes with this when this is native to the internet, it's online and there's a token, anyone can [inaudible 00:13:34]. Then like you said, build a lending market around that. And there's a world where one day you guys aren't even involved with that decision, it's just someone can just sole end or another project can say, "Hey, we already have this lending market and we accept these tokens now as collateral." My gut tells me that you guys are doing this by the book. That regulation is going to be the rate limiting step in all of this as it starts to go. How do you guys see the current regulatory landscape in the US and you mentioned that there's some differences not just federally, but on state levels and on county levels. Can you talk a little bit about that and why maybe you guys are choosing to start in Texas and where you guys, I mean maybe foresee the next markets that you guys are expanding to as well? Domingo Valadez (14:18):You're absolutely right. Regulation's going to be the inhibitor on doing a lot of Web3 related transactions for properties. I think Coinbase getting sued by the FCC is going to provide a ton of clarity around... Or that's my hope at least a lot of clarity around how Web3 companies should be operating. I think there's been a lot of confusion around what's legal, what's not legal. So just to keep our users safe, we chose the web2 legal approach where we tried being as closely to the book as we can in case things go wrong or awry. Our users are completely fine and we feel very confident with that. But of course as we continue scaling the company and getting bigger, we love for these secondary applications like a Solend. To just say, "Hey, we just created this lending platform, we actually don't need your permission to do it. We can just trade." (15:05):That to me would be amazing because that means we're succeeding in actually bringing homes on chain and tokenizing them and letting people do what they want with their assets. But the regulation's really going to kick in until then. Texas was great because it was very landlord friendly, very easy to fractionize the property and no taxes associated with that. We'll likely continue to stay in Texas for the near to medium term, we're in McAllen now, plan to go to Austin later this year. (15:31):Other markets we'd likely open it in would be Colorado is also pretty open to this. So is Florida, specifically Miami is pretty pro Web3 and pro tokenization. It would be very, very city state dependent on what laws they have in place and how we can make this work. For example, even us opening it up to international investors, that requires us to redo some of the legal structures we have to allow for international investors to even invest. So we're going to very much rely on partners that say... There's a lot of demand in Latin America, for example, specifically from this country, "Okay, that's going to be the first country we allow to invest internationally just because of the regulatory piece of that." And we don't want any of our users to worry about that. So we're trying to remove all that complexity for end users while Homebase deals are all the complexities around that. Brian Friel (16:19):That makes a lot of sense. Miami, Florida doesn't sound like the worst place to be a homeowner as well, so that aligns pretty nicely. Taking a step back as an end user who's thinking about this, let's say that somebody has a Phantom wallet, they've experimented with sending some crypto to their friends, they maybe have a few NFTs. What would they need to know to feel confident in taking this next step and being an owner of residential real estate? Is it as simple as just showing up to your guys' website, hitting connect wallet, filling out a couple forms in a Zoom call? Is there anything that they need to do after they've already completed the purchase or other things that they should be aware of? Essentially, could you walk us through the user journey from getting their first wallet to actually being a homeowner? Domingo Valadez (17:05):Yeah, absolutely. So funny enough, for our very first property, we actually had a lot of new to Web3 users participate. So plug for you guys, we had Phantom as the preferred wallet for people to create and effectively onboard into the Solana ecosystem. And I think something that was very beautiful about this was people could upload their money into Coinbase, send Solana or USDC and Solana to their Phantom wallet and see it happen in two seconds within the call that we were helping them do it. So I don't think it's the same thing for other chains, but that's something that Solana does really, really well. So once you have a loaded wallet, you as you mentioned, have to make an account on our website, you do need a KYC, you set up a quick call with us, just it's your way of understanding who we are as founders and you can ask us questions directly. (17:50):It's really just to build trust with people. But once we have a home that's live, you literally just go to the property page, you connect your wallet that we've already whitelisted preemptively, and then you can just buy however many tokens you like. So every single token is denominated in a hundred dollars, so everything's transacted in USDC and you can just buy however many tokens you like, they immediately get minted to your wallet and then you get sent DocuSign links to sign that'll make you truly a fractional owner of the legal entity we spun up to acquire that property. So once you purchase it and everything closes, you don't need to worry about anything. We know exactly whose wallets hold what tokens, and we just start sending you your proportional amount of net rent every month and then you can decide to sell whenever you'd like. Brian Friel (18:35):So there's no upkeep. Part of the joys of being a landlord is things break in houses, there's taxes, property taxes to pay, all this kind of stuff. All of that is abstracted away from an end user. Domingo Valadez (18:47):So any home we list on our platform, we charge an extra 5% fee and that's really just to have a capital reserve pool. So if anything breaks, like we as Homebase have a property manager, they'll go out and fix it and then we refill that reserve pool with rent. So the goal is to never ask people that purchased it for money, we can refill it ourselves with the rent we collect, which is what's beautiful about real estate, it's cash generating and in terms of property taxes, we handle everything from that end. We do distribute K1s to everyone at the end of the year because everyone has their own personal income taxes they need to pay. So we can't force you to pay them, but we can give you all the information you need to pay them on your behalf. Brian Friel (19:25):That makes a lot of sense. I was also thinking when we talked earlier about the layers of this that could be abstracted away and evolved over time, that's potentially one of them, but I'm not sure if people actually at the end of the day want that. Is there a world where there's Homebase down people are voting on how do we pay for fixing the plumbing leak? I have a feeling that that's a service that all owners here are pretty glad that you guys are handling on behalf of them. Domingo Valadez (19:50):Yeah, one thing that is true though is people can vote us out. So we're the default manager of the property, but if you're not happy with the job we're doing, you can absolutely vote us out. Brian Friel (19:58):Oh, that's interesting. How does that vote happen? Is that an on chain vote with tokens or how did you guys set that up? Domingo Valadez (20:05):Yeah, so not on chain right now, but theoretically you're truly an owner of the LLC and you have voting rights in that LLC. So if people just came together and said like, "Hey, we want to vote them out." There's a meeting set up, people say like, "Yay, we want to remove Homebase." We won't be the manager anymore. It'll be up to the owners to pick a new manager and then that's how they can start facilitating the management of that property. Brian Friel (20:28):Wow, that's fascinating. Domingo Valadez (20:30):Yeah, we truly want people to be owners. Brian Friel (20:32):Oh, that's really cool. So I guess I have a couple questions here to kind of wrap up, but you mentioned that you guys are onboarding a lot of net new users to Web3, essentially people getting their wallet for the first time, maybe they don't fully understand how to use these wallets or the gravity of sending things on chain and the irreversibility of a lot of this. Do you guys have any particular insights from getting on calls with these people and walking them through this process? Do these users stay in crypto in your view? Do they stay engaged with it? Is it a steep learning curve for them? Basically, how as an industry are we doing at onboarding these people who maybe find crypto not because of crypto but because of a use case Homebase where they're just, it's a solution to their problem. Domingo Valadez (21:15):So very transparently, I'd say some people do have difficulty and it's a 30-minute call, and other people it's very easy. So I think something a lot of users asked for was like, "How can we abstract the complexities of wallets even further?" We're thinking about potentially having noncustodial wallets on our website where we partner with someone that basically just showcases the wallets directly there and then for an end user, it doesn't matter if it's crypto, you just know you own tokens in a property, you didn't have to create any wallet, it was automatically created for you. But for the people that do know Web3 and have their own Phantom wallets, have their own personal wallet, they can do what they like with those tokens and use on chain, that sort of piece. So I think for the industry to continue to expand, we need to continue to make it easier for people to onboard, abstracting away a lot of the complexity is something that'll continue to be key to keep widening the pie for everyone. Brian Friel (22:09):Totally. I can't imagine the call where someone buys a bunch of shares in a residential property and then forgets their seed phrase so, these are things that we're thinking about as well. I mean, I liked that framing of essentially giving users the easy option to start and the optionality to eject from that and really take control if you really know what you're doing. I think that's awesome. Domingo Valadez (22:31):Absolutely. Brian Friel (22:32):Well, this has been an awesome discussion, Domingo. Before we wrap up with one closing question, I always ask everyone I want to know for you too, what excites you the most right now from where you guys sit in this new field of on chain residential real estate, where are you guys heading next and what do you think is the most exciting next frontier? Is it new markets? Is it improvements in the way this is happening on chain? Is it in regulation? Or maybe it's something completely different that you guys are seeing? Domingo Valadez (22:57):I'd say one of the biggest drivers for me for building Homebase, we want to redefine home ownership and what that even means, I think we'll continue to see real estate prices keep getting more and more unaffordable for folks. And I think being a homeowner's going to start being a privilege, which is a really sad reality. Unless we have true government intervention come in and add more housing supply, I think it's going to get worse. And so with that reality, it's like it's up to private markets to figure out how do we actually make more people homeowners? So something we care a lot about at Homebase and something we're very mission driven about is making the tenants that live in these properties, also fractional owners of them. And so getting people comfortable with the idea of only owning 10, 20, 30% of their property, but still feeling like an owner of that property. (23:42):And so for this very first home, for example, Homebase bought an extra piece of it so that we can offer it to the tenant to actually buy it from us so that they can also be a fractional owner of the apartment they're living in. And so in 10 years we want Homebase to be the destination for renters. When you're moving to a new city, you use a Homebase platform, you find an apartment, you move in, you buy 30% of the value, and now you're a fractional owner of that property. So that's why Web3 excites me. You can completely do this in an open liquid market and we're trying to facilitate that through Homebase. Brian Friel (24:14):Yeah, that's putting skin in the game too, right there, you're a renter and you actually have upside if you treat the place well. That's pretty cool, and I think that's kind of spinning the model on its head in a really crypto native and interesting way. And I love that framing. Well, Domingo, this has been an awesome discussion. One question we ask all of our guests, and I want to know this for you as well, is who is a builder that you admire in the [inaudible 00:24:38]. Ecosystem? Domingo Valadez (24:38):Okay, this is going to be a total cop out, so I'll give you two. My first one's [inaudible 00:24:44]. I love that man's Twitter content. I feel like the way he speaks, he's clearly very, very technical, but also very good at bringing things to a high level and explaining things. And it's no secret that Solano ecosystems gotten a lot of heat from a lot of third parties where the day FTX went down, someone from the Binance blockchain basically told me I was dumb to continue building on Solana and was really trying to pull us to build on their chain. (25:09):And I was like, "I think the leaders of Solana are taking this very well and are being very, very thoughtful about how they're moving things forward." So that's the first piece really, really like [inaudible 00:25:19]. The second one's [inaudible 00:25:21]. I love his content. He's been a champion for Solana and you can always rely on that guy to call out people that are spewing fake news about the chain and really showcase his technical know-how of how things truly work behind the scenes. So I think those are probably my two biggest, I fanboy over both of them a good amount. Brian Friel (25:43):I think those are both great choices. And a sneak peak, you mentioned that the [inaudible 00:25:47]. Recording was just before this, but [inaudible 00:25:49]. Also mentioned [inaudible 00:25:50]. As his choice. So you're in good company there. Part of what [inaudible 00:25:55]. Was saying too is he loves people that are building pragmatic applications that can "Only be done on Solana TM." And I think Homebase is a really awesome shiny example of that. So thank you so much for taking the time to walk us through it. I'm super excited. I'm going to have to check it out, bring my Panama to it. I know nothing about residential real estate, but I think you've given me the confidence to give it a try today. For folks who want to check it out, where can they go to learn more about Homebase? Domingo Valadez (26:22):Yeah, you can go directly to our website, which is Homebasedao.io. Brian Friel (26:26):I love it. Domingo Valadez (26:27):Everything's completely transparent on our website, we even have a white paper that goes into all the technical pieces, whether it's the legal side, whether it's all the technical side on the blockchain component piece. So we're very, very transparent and we also have a discord where we answer questions as people have them. Brian Friel (26:42):That sounds great. Domingo the co-founder of Homebase, thank you so much for coming on. Domingo Valadez (26:48):Absolutely. Thanks so much, Brian, for having me.   

How significant are stablecoins in today's crypto world?   In this episode of The Next Billion Podcast, George Harrap is joined by Hao, cofounder of Hedge.so   Their conversation begins with how Hao got his exposure to crypto and Solana DeFi and the challenges that a newbie in crypto faces.   Their talk covers how Hedge and their stablecoin USH functions and how they are all set to add a lot more growth to DeFi.   Hao outlines the need for stablecoins for crypto developers and users, particularly during bear markets.   George also engages Hao to discuss Nazare.so in depth. Nazare is a liquidity management tool co-developed by Hedge and former GoblinGold team.   The Next Billion podcast talks to Solana builders that are helping onboard The Next Billion people into crypto.   Listen to George and Stepan's unfiltered, and raw perspectives here and on Spotify at https://open.spotify.com/show/2ELv0CtYJYwcsqb9CdUMJi.   Crypto is so much more than just numbers and nodes. It's about onboarding The Next Billion users. The Next Billion podcast is a direct, and unfiltered dive into the stories of the builders that are making this happen.   Host George Harrap has wide-ranging conversations to help people better understand the future of crypto adoption and uses around the world.   Subscribe to join us on the journey of onboarding The Next Billion.

Hey Solanians….. I'm so sorry for what some of you are going through. Know that you will get through this... This is the thirteenth episode of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are Serum, mSOL and MNDE, Raydium, Aldrin, Solend, UXP, Mango, Tulip and Oxygen Protocol. This episode was recorded on November 14th 2022. Today we discuss how resilient the Solana ecosystem has been. From forking Serum to stabilizing the price of Solana. These stories and many more on today's episode.Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Polygon Ecosystem.News Covered Today:SOLI Price ActionSolana TVL - DefiLlamaCoinDeskSerum Being ForkedMarinade To Continue BuildingRaydium Pauses Marketing Making

Hey Solanians….. Got to say that crypto is holding its own despite macro economic pressures... This is the twelfth episode of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are Serum, mSOL and MNDE, Raydium, Orca, Solend, UXP, Mango, Jet and Oxygen Protocol. This episode was recorded on October 25th 2022. The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents.... Today we discuss how Marinade is gaining more support through mainstream channels and Raydium's Concentrated Liquidity Launch. These stories and many more on today's episode.Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem. News Covered Today:SOLI Price ActionSolana TVL - DefiLlamaMarinade Weekly RecapMarinade Liquidity MiningConcentrated Pools - RaydiumSquads-Solend IntegrationOrca Community Listings BetaUXD's Exposure to MangoDecentralized Debt MarketsMango (@mangomarkets) / TwitterFollow Us On:WebsiteTwitterDiscordTelegram (English)RedditEmail

Solana's annual conference, Breakpoint is scheduled for Nov 4th-7th where we'll be hearing the latest updates and project reveals for Solana (SOL). Solana Game Day is also scheduled and may possibly bring some new and exciting news for NFT gaming on Solana. On this episode, we're diving into all the latest Solana ecosystem projects and game updates that may push SOL on a possible short-term rally despite crushing macro economic concerns hitting the wider crypto markets.~This episode is sponsored by Bybit~Receive up to a $500 Bonus upon depositing & signing up to Bybit.Join Now! - https://bit.ly/ByBitPBN2

Hey Solanians….. The state of the global economy has got most markets down but we have to keep positive... This is the eleventh episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are Serum, mSOL and MNDE, Raydium, Orca, Solend, UXP, Mango, Tulip and Aldrin. This episode was recorded on October 3rd 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents.... Today we discuss how xNFTs are changing the game and more about concentrated liquidity…this and many more stories on today's episode. I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://defillama.com/chain/Solana (Solana TVL - DefiLlama) https://www.einnews.com/pr_news/591705579/bloxroute-is-coming-to-solana (bloXroute is coming to Solana - EIN Presswire) https://tribeca.so/gov/mnde/proposals/17 (Marinade Proposal #17: Preventing the Creation of Permissioned/Closed Gauges) https://twitter.com/MarinadeFinance/status/1576767813515022336?s=20&t=D_10KczjX9XJJIcou4suCA (Marinade Weekly Recap) https://jumpcrypto.com/xhack/ (xHack | Jump Crypto) https://twitter.com/solendprotocol/status/1575157024030982145?s=20&t=prc52zC3O_hW9dh2SzJ6vQ (Solend and xNFTs) https://medium.com/orca-so/orca-your-gamefi-toolkit-78dfc2b936ae (Orca's Gamefi Toolkit) https://twitter.com/dawidsnyders/status/1575419604666548225?s=20&t=prc52zC3O_hW9dh2SzJ6vQ (UXD's Stable Yields) https://twitter.com/0xCoral/status/1540414894482329602?s=20&t=prc52zC3O_hW9dh2SzJ6vQ (Tulip and xNFTs) https://twitter.com/mangomarkets/status/1576242251587428352?s=20&t=prc52zC3O_hW9dh2SzJ6vQ (Mango Markets and Cellfi) https://blog.aldrin.com/week-58-c87c5b672870 (Aldrin Weekly Recap) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email

Hey Solanians….. How are you? The merge has had an effect on pretty much everything including Solana... This is the tenth episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are Serum, mSOL and MNDE, Raydium, Orca, Solend, UXP, Mango, Tulip and Aldrin. This episode was recorded on September 12th 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents.... Today we discuss how instant liquid unstaking is changing the game and recap Solend in August…this and many more stories on today's episode. I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://defillama.com/chain/Solana (Solana TVL - DefiLlama) https://www.bitcoinmarketjournal.com/top-projects-building-on-solana/ (Top Projects Building on Solana in 2022 - Bitcoin Market Journal) https://twitter.com/MarinadeFinance/status/1567903148685070336?s=20&t=LDgNw7By-OOtd6BC8JFxPw (Marinade Instant Unstaking) https://twitter.com/MarinadeFinance/status/1568305789194113024?s=20&t=LDgNw7By-OOtd6BC8JFxPw (Marinade Gauge Summary) https://twitter.com/solana_daily/status/1567479166865494025?s=20&t=LDgNw7By-OOtd6BC8JFxPw (Raydium Holders) https://blog.solend.fi/august-in-review-6b310225e6ad (Solend August 2022 Review) https://medium.com/orca-so/announcing-wave-1-of-the-whirlpools-builders-program-3a2df8a6147b (Announcing Wave 1 of the Whirlpools Builders Program! | by Orca | Orca | Sep, 2022 | Medium) https://twitter.com/CredoraPlatform/status/1568223585378107392?s=20&t=LDgNw7By-OOtd6BC8JFxPw (UXD and Credora Partnership) https://twitter.com/TulipProtocol/status/1567589010737971201?s=20&t=LDgNw7By-OOtd6BC8JFxPw (Meet Tulip in Canada) https://twitter.com/mangomarkets/status/1565589073766584320?s=20&t=eNCATn8KbksS2AQFrQbJcQ (Mango Security Audit) https://twitter.com/Aldrin_Exchange/status/1565670883225640961?s=20&t=eNCATn8KbksS2AQFrQbJcQ (Aldrin Recap) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email

Brian Friel sits down with Solend founder Rooter to hear how he built the largest lending protocol on Solana.Show Notes00:41 -  Origin of PFP                    01:27 - Origin Story                     03:26 - When did they settle on Solana?  04:36 - The Journey of Solend            08:19 - Dealing with the Whale and Governance Proposals14:23 - Time Frame from whale discovery to governance proposal16:06 - What were the proposals?         19:06 - The third proposal               21:31 - Thoughts on governance and decentralization23:46 -  What would he do anything differently?25:36 - Advice to other founders on governance26:49 - Isolated pools                   31:24 - Onboarding onto DeFi             32:57 - Permissionless pools             35:39 - What's next for Solend           36:33 - A builder he admires        Full TranscriptBrian (00:06):Hey everyone and welcome to the Zeitgeist, the show where we highlight the founders, developers, and designers who are pushing the web three space forward. I'm Brian Friel, Developer Relations at Phantom. I'm super excited to introduce my guest, Rooter. Rooter is the founder of Solend, the largest decentralized lending protocol on Solana. Rooter, welcome to the show.Rooter (00:26):Hey, thank you, and thanks for having me.Brian (00:27):I think everyone on crypto Twitter will recognize you by your iconic profile picture. It looks to me like a aardvark that's shedding a single tear. Can you give a little background on what is that animal in your profile pic and how you came to rock that as your PFP?Rooter (00:41):So it's actually Pequenino, which is a fictional species from a book called Speaker for the Dead, which is part of Ender's Game series.Brian (00:52):Oh, I love it.Rooter (00:52):Basically, I was looking for a profile picture and this is one of my favorite sci-fi books. I found a frame in a comic and thought it was unique to have the character crying. Took that frame and ended up getting a custom artist piece made.Brian (01:08):That's an awesome backstory. I even seen some derivative pieces of that made now that you're a judge on the latest Solana Hackathon that's become a very iconic image in Solana lore.Rooter (01:18):Yes, it's funny.Brian (01:20):For folks who maybe aren't on crypto Twitter, would you mind giving us a little background on who you are and how you became to be founding Solend?Rooter (01:28):Sure. My background is in software engineering. Basically, I've been working as a software engineer for multiple years. Been doing smart contract development for a few years as well. Started off in the Ethereum space, did a startup in the past, which ended up getting acquired. And basically last year, I was looking at what to do next in crypto. And it was very clear that building something on a scalable version of Ethereum was the way to go because it would cost hundreds of dollars to do certain operations which would add up to thousands very quickly. Basically, at the time, Solana was one of the only alternative blockchains that provided good scalability and was actually live, since a lot of what was out there was just not live yet.Brian (02:13):And how did you settle on a decentralized lending protocol, in particular?Rooter (02:17):I was always quite fascinated by lending protocols. I read the Compound white paper when it first came out and was super excited about it when it first launched, I was a user. I always felt like there was something missing in the lending space, namely that not enough assets were supported. During DeFi Summer, there were all these different old coins launching like YAM, and PASTA coin, and whatnot. One thing I really wish I could do was short a lot of them or at least farm and hedge the risk, but there were no lending markets that wanted to list these coins because they're too risky and it imposes risk on the rest of the protocol. So I really felt isolated lending protocol was needed, which eventually came in the form. It was Arari launched Fuse. It was always like really want to see this in the market. The opportunity that Solana presented was perfect since basically, Solana was a fast-growing blockchain, and the ecosystem was rapidly coming together, and there was not yet any leader in lending. It just made sense that someone would need to lead that space, and why not be us?Brian (03:27):When did you guys settle on Solana as the chain that you were going to build onRooter (03:31):At the very start, I just want to learn about different technologies so I was looking at Optimism, which hadn't launched yet. Polygon was live, aka MATIC, and I had dabbled around with that a bit. Basically, I want to mess around with Solana a little bit, see what the developer experience was like, and it turned out to be pretty good, which I guess some people might be surprised to hear. It wasn't terrible, terrible. We built the first version of Solend prototype during the Solana Season Hackathon, and we saw from that experience how powerful it could be and that there was a lot of potential. After that learning experience, we decided to double DAOn on it.Brian (04:13):That's great. And so you guys essentially went from a Hackathon project to today, one of the largest DeFi protocols on Solana, the largest lending protocol. You guys are facilitating hundreds of millions of dollars in loans every day. Walk us through that journey. What do you attribute that success to? And how big is the Solend team? You guys started, I assume, mostly just you in a Hackathon project. What's that journey like?Rooter (04:37):So in the start for the Hackathon, it was about four of us I think, and then we became five for launching the Mainnet, stayed around that size for a couple months. More recently we started growing so we're up to nine people now, mainly engineers still. And as for what I would attribute the success to? I would say, a lot of our success was on this pivotal moment which was when we launched our liquidity mining program and our token, that's when we saw a really huge spike in deposits. Basically, I think it was timed well.Rooter (05:12):Liquidity mining is just a really great way to bootstrap liquidity, which in lending you need that liquidity for it to be useful because if there's only a couple hundred thousand dollars of liquidity in assets, a lot of users just ... It's not useful to use it. If you're doing any size, you would be moving the rates too much. If you borrowed the rates would spike due to the algorithmic nature of it. I'd say that was definitely a pivotal moment since ... When we launched it I think we had $200 million in deposits, and basically, in one or two days we jumped up to $2 billion so that was quite a wild day for us.Rooter (05:48):Before that, there was a lot of anticipation to our token launch and our liquidity mining because I think we just did a good job with our branding and our UI. To this day, I think we have the simplest UI for a lending protocol that's the most easy to use and just straightforward. And, of course, coming from myself, take it with a grain of salt but I actually really do believe that. And we spent a lot of time going back and forth with a designer who is really, really talented, and coming up with this design that we felt was improving upon existing models. We tried to design it from the ground up, especially having used these products a lot. What are the pain points and what do we want to improve on?Brian (06:28):It sounds like you guys took a lot of your learnings too from DeFi Summer, as you mentioned that being a inspiration for you guys and how Compound's COMP token really kicked off that whole scene. I definitely agree that a well-timed liquidity mining event can really spur some pretty crazy liquidity in a bull market here.Rooter (06:45):And actually, I would add another thing, which is that we've built up this reputation of doing what's right by our users. Multiple times there have been issues, whether it's Oracle issues, where wrong prices are printed, and then there are some wrongful liquidations that happened. Or, at some other occasion, the Solana network went DAOn for quite a long time, which meant that some people couldn't pay back their loans when they wanted to, and as a result, they got liquidated so we've refunded people for all of these issues. And also, there was a vulnerability disclosure from Neodyme at one point, and we worked with them to get them a million-dollar bug bounty payout. No users have ever lost money due to anything that's out of their control really on Solend, and I think that goes a long way as well.Brian (07:39):I think that's a great segue. I think a lot of folks who maybe aren't users of Solend might have heard Solend for the first time back in June, this was around when much of the crypto market was experiencing cascading liquidations. Solend was trading around 25, $26 today, at the time of this recording in July, just a month later it's back up to $40. Around this time, there was a pretty big whale on Solend who was at risk of liquidation, and Solend initiated its first three governance proposals all in rapid succession. Could you walk us through what events were going on at that time in your own words? How the situation was affecting Solend?Rooter (08:20):I'll rewind a little bit. So basically, we first noticed this whales activity back in February when they deposited around $200 million worth of Solana at a time when we had around $2 billion. Or, maybe it was closer to one billion actually. Basically, they were a very large position but it wasn't anything super crazy, and also, they weren't borrowing anything at the start. And basically, what happened is, over time they started borrowing USD against their SOL position until it got to a point where they were borrowing $100 million.Rooter (08:52):At the time, it was almost 90% of the USDC borrowers in the main pool, and their so deposits were 95% of the deposits in the main pool. Over time, they gradually became an extremely large user on our platform. When we saw this, we tried to contact them so we did a couple of things. First, we went through our own private networks. Asked investors, "Hey, is this you or do you know who this is?" Didn't get any success there. The next thing we tried was sending an on-chain message and posting on Twitter a public announcement like "Hey, is this anyone out there, please reduce your position." IBrian (09:33):I remember seeing some of your tweets saying, "We're trying to reach you about your car's extended warranty jokes."Rooter (09:39):Definitely tried to use some humor to make it go more viral so that we could have a better chance of getting in contact with them. And the issue is that they're borrowing so much that their liquidation price was $22.30 cents, and SOL was trading at $26 and had just come DAOn from $100 just a month ago or something. If it continued to go DAOn, as was a trend, what we were worried about is that they would get liquidated which would cause such a massive amount of SOL to come onto the market in a sudden way that we were really concerned about the side effects of that. Specifically, on Solend, generally, the way that liquidations work is, there are bots that will liquidate someone and sell the assets on chain in one transaction. Basically, if that transaction is not profitable they're just not going to do it. If it is, then they will.Rooter (10:37):And typically this is fine because Solend has partial liquidations of 20% so only up to 20% of your position can get liquidated. And usually, positions are relatively small so it gets handled with ease. But this would be an unprecedented size of liquidation where basically, around $120 million would become liquidable in around $21 million chunks, which if you try to market sell $20 million, especially on DEXs on Solana, you're just going to crush the market.Brian (11:09):There's no liquidity to support that.Rooter (11:11):Exactly. If you try to sell one to $2 million, there would be 5% slippage. At 20 there's just no liquidity or tank it by maybe 50%, and doing this over and over again would cause a lot of issues. A couple of things there. One, it's a super lucrative liquidation transaction that Boss will be incentivized to spam so much to try to win, right. And two, it would create a very large arbitrage opportunity on the DEXs for people to ARVE between other venues. Both these combined would cause such incentive for a lot of bot activity that we were worried that it would potentially overload the Solana network. At the time, Solana was experiencing a lot of network issues, transactions would fail.Brian (12:00):This is the pre-1.10 release.Rooter (12:04):It's gotten so much better since then, thankfully.Brian (12:06):Was there any risk at this time to say just your average depositor in Solend, "I have a couple hundred USDC, I just want to deposit in Solend for a yield? Was I at risk here based on this mega whale's actions or failure to respond?"Rooter (12:22):So usually other users are not at risk, but given the size of this user and the fact that they could move the market with their liquidation, then other users were at risk because what could potentially happen is the Solana network could go DAOn, and in the worst case it would go DAOn for a couple hours. And in the worst case, the price of SOL would also continue to drop, and so liquidations would not be able to occur, or even if they did they potentially wouldn't be able to happen fast enough which would leave bad bet on the platform. Basically, when the collateral is not worth enough to cover the loan then there's a mismatch in liabilities and that would mean basically that some users who withdraw last would not be able to withdraw. Solend has an insurance fund to repay these bad debts, but there's a chance that our insurance fund of $20 million would get depleted, and on top of that users would lose a bunch of money.Rooter (13:20):Basically, what we were looking at is, do something about it and avoid gambling for the outcome where users would lose maybe $100 million dollars and Solend's treasury gets depleted and basically spells the end for the land potentially, or do nothing and hope for the best. We're being proactive, and we looked at this situation and felt that it would make sense to do something about it. The solution that we came to was basically a very large market sale is extremely hard to do on chain but it's a lot more routine to do so OTC. So we made a governance proposal of this so then one, and basically the proposal was to liquidate these assets OTC, over the counter, to minimize flippage, get better execution, et cetera. Minimize impact to the market rather than doing so on chain. There was a lot of controversy around that.Brian (14:20):And I just want to set the stage here a little bit because I think this is a really fascinating case study for everyone who's interested in decentralized governance. I've been in the space for a couple of years now. Maybe thinking back to March 2020, but even then having governance issues that were so important. Solend being the lifeblood of the lending ecosystem on Solana, this being like you said, a potential existential question, but then also the fact that it's time sensitive. Can you just recap real quick how long you guys had from essentially finding out that this was an issue to turning out your first governance proposal?Rooter (14:56):So I think we first noticed this on June 15th, and a couple tweets trying to get in contact the 16th and around that. And then it was a couple days later that this proposal happened. And basically, we were looking at the sold charts and it's a very volatile asset, right. It actually dipped to $25, and I think in the high 25s for some time, which meant that only around a 15% drop would cause liquidations to happen, and doomsday scenario could happen. For SOL which dropped 80% in a very short period of time, a little 15% dip is not unfathomable, right.Brian (15:41):Walk us through some of the strategies here. You mentioned the first governance proposal involved taking control of the user's account in the event of a liquidation to handle this over OTC. The thinking being that OTC desk can provide better rates than the liquidity that's available latently on decentralized exchanges, there'd be less impact on users. Walk us through that proposal and then some of the subsequent proposals that followed.Rooter (16:08):That was essentially the proposal is to temporarily move the assets such that they can get liquidated over the counter and then move them back into the user's account. One common misconception is, people thought that we were taking their funds or stealing them or what whatnot, which is definitely not the case. Basically, they were just to get liquidated. And that money is still their own money it's just would be converted from SOL to USDC with the best execution that we could find. Better than what would be on Dex's. Of course, there's a lot of controversy around the method of doing that. Following that, there's a ton of controversy. And thankfully actually, the price of SOL started to recover which bought us some time. And re-evaluating the situation we thought okay, now that we have more time we can consider some other options potentially.Rooter (17:01):We made a second proposal, which rolled back the first one. We were listening to our community and the general community at large of crypto. It was definitely unpopular. Although one interesting fact actually is, it was definitely very controversial in the general sphere, but for our users that had money stuck in the platform and who were just waiting for a train to come and hit them, they really wanted us to do something about it. And we would get a lot of messages like F the haters, just do something. Don't listen to them. Just try to appease a bunch of people on Twitter and let us lose our money.Brian (17:41):And these are messages on Realms, the voting platform, is that right?Rooter (17:44):Realms and in our Discord just talking to users directly. One additional piece that I forgot to mention earlier was that, due to the utilization of the pool being so high because all of the USDC in the platform was borrowed out. That meant that people couldn't withdraw their USDC anymore because basically, the funds are not within the platformBrian (18:08):They're not available. Right.Rooter (18:10):Users were stuck in their position. They were frozen in and they couldn't exit so that was an additional thing that was exacerbating. The whale was causing real problems, it wasn't just potential.Brian (18:20):The borrow rates must've been crazy then.Rooter (18:24):I think USDC was at 60% APR and USCT went up to 200 something.Brian (18:31):Wow.Rooter (18:31):It was quite crazy. Some people were happy to collect that interest, but definitely, I think most people were sweating a little bit.Brian (18:40):Understandably so. Okay. You mentioned that the first proposal was around the OTC liquidations, in the event it came to that. Luckily, it didn't come to that, the price rebounded, then you guys initiated a second proposal which essentially gave your team more time to reevaluate, introduce the minimum one-day voting period. And then you guys also launched a third proposal which passed. Can you walk us through a little bit about what that third proposal entailed?Rooter (19:07):So the third proposal basically implemented new liquidation rules for extremely large accounts so basically, it capped the borrows of any account to $50 million. It would start off the cap at $120 million and gradually decrease it by around 500,000 per hour. Two things there. One is we don't want any single user to be a systemic risk for the platform and so there should be some sort of cap. I think this makes sense and there's pressing for it.Rooter (19:39):If you go to a bank and you ask for 100X leverage on a trade, or if you go to a crypto exchange like FDX or Binance, for a very long time you could do 100X leverage if you had say $100 dollars in your account. It's just a gamble, it's a lottery ticket or whatever. But if you go to them and you have $100 million and you tell them, "I want to get 100X leverage," they're going to tell you no, right. They're not just going to give anybody that crazy amount of leverage so you have to consider size. In the same way here, we don't want extremely large users until the platform can absorb it. As Solend grows, we can increase these caps.Rooter (20:16):And then the second part was this gradual reduction. Basically, the intent there was to spread out the liquidation over time so that we don't get a sudden $20 million sale that could cause chaos. We have them in much smaller chunks, such that the liquidations could get absorbed. If you sell a little bit on the decks it'll cause some slippage but not a crazy amount, and then it can get armed with centralized exchanges and other parties. It'll happen over the course of a couple days rather than just a couple hours or less.Brian (20:48):This third proposal passed as well, this was the latest proposal. Thankfully in hindsight, none of this actually had to come to the test. SOL rebounded, I assume the whale is no longer in imminent risk of liquidation. But I'm curious because you mentioned throughout this, one of your guiding principles is doing right by your users. You guys have done a number of different initiatives outside of that to prove that. And then you also mentioned your users were among the most vocal asking for you guys to take action here. I'm curious, where does governance come into play? What is a good time for enacting governance as a protocol founder? What decisions can you guys make as a team? What times do you actually need to bring in the community vote in situations like these?Rooter (21:32):One last thing to wrap up the whale thing. In the end, we actually were able to get in contact with them. Basically, they heard the news and someone had reached out to the Binance team ... Or, we had reached out to some people who helped us get in touch with the Binance team who then forwarded our message along to the whale. Shortly after proposing SLND3, we got in contact and talked about some mitigation strategies. In the end, they reduced their position on Solend and the price of SOL rebounded, as you mentioned. We were in the clear after that. Moving on to the question about decentralization. Basically, my thinking there is that it's better to build something worth decentralizing than to decentralize nothing. And it takes time to get to that point where you have something valuable that's worth decentralizing. My thinking basically is, if you're fully decentralized from day one it makes things extremely hard.Rooter (22:26):I don't know if you've participated in many DAOs, but if you have you would know how extremely inefficient they can be and how oftentimes there's a lot of this bystander effect where people do nothing, just stand around waiting for others to do something. I believe that there needs to be some spearheading entity that gets things done and then gets it to a point where it can be decentralized to the community and governed by the community later on. But the whole startup maze of discovery and pivoting to find product market fit and reacting to changing market environments, that's very hard to navigate as a DAO.Rooter (23:04):I don't remember who put it out at the beginning, but this idea of decentralization over time, and we're embracing that. We are working on a decentralization roadmap, which we're going to release soon. And basically, it'll outline what are the milestones on the way to decentralization? And what are the steps that we're going to take? I mean, even Bitcoin wasn't decentralized on day one, right. At the beginning, most of the hash power was owned by Satoshi and his associates and whatnot, his friends, and, it took a while for the hash power to be, as we would call it, sufficiently decentralized.Brian (23:42):Is there anything that you would do differently looking back on this whole situation?Rooter (23:46):That's a very tough question. Looking back in the situation that we were at, we were in between a rock and a hard place, and we were faced with a real-life trolley problem where one option is we gamble with our users' funds and potentially let them lose hundreds of million dollars and the life of Solend. And the other is doing something controversial that doesn't sit well with a lot of people. It was very tough and definitely hope to never have to make this decision again, but I think what we would do is we would always put our users first I think. Having users lose money is the worst thing that could happen so we would do everything we can to prevent that from happening.Brian (24:28):I commend you for your composure in responding to that situation. A lot of people like to chirp on Twitter. I think a lot of people who are working in Web 3.0 or founders of projects know what it's like to be in the arena there, and definitely don't envy your position but also, I think it's great that you guys have that principle of doing right by your users.Rooter (24:50):That was definitely tough. There was a lot of criticism directed directly at us as well. And the frustrating thing was, none of these people were users. None of them had ever touched Solend's, maybe never even touched Solana, but they were just criticizing from the sidelines. A lot of them had something to gain sort of. Maybe they were maxis or they have a platform where controversy and engagement drives metrics for them. It's an ugly reality of things.Brian (25:23):One last point on this. For any founders who are thinking about starting their own project in Web 3.0, generally, maybe listening to this podcast, is there anything you would tell them about governance as a whole or what you've learned so far in your time at Solend?Rooter (25:37):It definitely helps to be proactive and to set things up, and discuss things with people as early as possible. But at the same time, I think if you're just starting out a project, I wouldn't suggest to spin up a DAO immediately unless it's a DAO-specific project like X DAO or whatever. NOODLE's DAO or some fan club. If you're working on a startup, which happens to be crypto-powered, I would definitely suggest to figure out your place in the market first, figure out some product market fit before spending too much time decentralizing. Because if you spend all of your time and effort on the DAO piece and your startup ends up failing because it can't find product-market fit, then what's the point? That would be my advice.Brian (26:25):Well said. I want to switch gears here. I know we've been talking a lot about your guys' plans with decentralization over time. I think that's really exciting. You guys also have a number of other product launches though related to Solend. And recently, you guys announced the launch of your isolated pools product. Can you give us a quick overview of what these isolated pools are? I know STEPN has been a big example here. Can you walk us through how end user might interact with some of these pools?Rooter (26:51):An isolated pool is basically a separate pool of assets that can be cross-lent and borrowed. And this is in contrast to the main pool that we have on Solend, which was the first one that we launched with, and every time we list an asset it would go into that main pool. But the problem with that is, if you list an asset with low liquidity that is, therefore, more easily manipulatable, it opens up the entire pool to attack, not just that asset. To take one simple example. Let's say there's some token and an attacker was able to manipulate the price such that Oracle's believe that it's a million dollars a coin, then a user could deposit some of these tokens and borrow millions of dollars worth of assets against it. Millions of dollars worth of USCC, SOL, et cetera, and then just let the price fall back DAOn to say pennies and just walk away with the debt not intending to ever repay it.Rooter (27:50):Basically, yes, you need to be very careful about which assets you list. And everything in the main pool has to be of extremely high-quality, and not manipulable, and not just mintable willy-nilly. If someone could just print an infinite amount and deposit and borrow against it, that's also a big issue that we want to avoid. What isolated pools does is, we can set up these separate pools that we can then list riskier assets. And if there is an issue, it would be isolated to that pool. So we're not saying there's not going to be any issues ever, potentially at some point there would be issues, but users are opting into that risk when they enter into an isolated pool.Rooter (28:30):Some of the interesting things that we've done with these in the past is one, it's called the Turbo SOL pool so it's a pool with only SOL and USDC in it. And basically, since we have only these two really high-quality assets, we're able to increase the loan-to-value ratios for these assets. So rather than being 75%, so you can only borrow 75% of the value against your collateral, here you can borrow 95% which lets you get 10X leverage. So that's a pretty interesting use case. If you only want to leverage trade SOL versus USCC then you're better off using the Turbo SOL pool where you can get higher leverage or you can just have a lower liquidation price.Rooter (29:13):And then the other side is, listing long tail assets. One very interesting one as you mentioned was a STEPN pool. We have this pool where there's GST, which is the token that you earn from walking, and GMT, which is the STEPN governance project token. This has been an extremely popular one where it was growing a lot. The number of users in this isolate pool was our fastest growing for some time. And it opened up some interesting use cases which showcases the power of DeFi and composability. So basically, STEPN just launched their token, they don't have anything to do with lending markets or whatnot, but we are able to just launch that permissionlessly and provide a product for users to use to do a couple of things.Rooter (30:01):One is, they can hedge their entry to STEPN. Rather than paying $500 for a pair of shoes to start walking, you can borrow a bunch of GMT or GST and sell it to US dollars and then buy the shoe with that. And what that does is, if STEPN as a whole doesn't do well, for whatever reason, and the price of its shoes go DAOn, probably the price of GST and GMT is going to go DAOn as well so you end up saving that money since you didn't make such a big upfront investment so you can hedge your entry costs. And another interesting thing you can do is you can borrow GST to level up your shoes and pay it off later so it's level up now pay later. Buy now pay later.Brian (30:49):Buy now pay later but for STEPN.Rooter (30:50):Exactly.Brian (30:52):That's awesome. How have you guys seen this DeFi component fitting in with the general onboarding funnel for something like STEPN? I think STEPN's fairly unique. It brought in maybe a lot of users who weren't familiar with crypto for the first time. Do you see this as something that's more of an advanced feature today or could this potentially, in its own way, be a bit of a gateway drug to onboarding on the DeFi directly getting new users who might not have ever had a wall before to open up wallet and deposit in Solend because of the yields that they see?Rooter (31:24):It's definitely a more advanced feature. Users that use this have to be aware of their liquidation risk and they have to manage that which is pretty tricky and ideally would understand how markets work. What's an order book? Just those basics. I think a lot of people in crypto take it for granted because they've been just breathing it, eating it for breakfast every day for so long, but it does take some time to learn these concepts. The one beginner feature is you could just deposit your GST or GMT and lend it out for yield, that's pretty simple. It's good to understand the risks involved as well, but that's a much simpler product than borrowing against and managing liquidation.Rooter (32:04):And, by the way, the interest rates on GST and GMT were historically extremely high, something like 500% API which made it very exciting. And that definitely brought on a lot of people, which a lot of them were beginners to DeFi, hadn't really used crypto products much but were attracted by those very high yields, especially those that were holding GST anyway because maybe they were saving up for the next big purchase and why not earn 500% API per year?Brian (32:33):That makes a lot of sense. 500% though, I think that starts to ... Maybe some folks who aren't familiar with crypto, that starts stirring a too good to be true. For those who were around in DeFi Summer, that's small fry numbers. I think a natural extension of this concept of an isolated pool gets at something that you guys have hinted a little bit called permissionless pools. Is there anything that you guys can share about this?Rooter (32:58):As I mentioned a while ago, when I was using lending protocols and then DeFi Summer, there are a bunch of things that I wish there were lending markets for. I really wish that I could just list my own, but it's a lot of work to start a whole lending protocol, and get usage, and get network effects, and whatnot. As you mentioned, the natural next step from isolated pools is allowing anyone to list their own. And this has been something that I've wanted to get to for a very long time and so it's very cool to finally be seeing this come to fruition. Basically, quite soon, maybe by the time this pod airs, we're launching permissionless pools, which anyone can list whatever asset they want. I think it's quite a powerful concept since on day one that an asset list gets launched you can have a lending market for it so you can short anything on day one, you can leverage long anything on day one, you can use anything as collateral for a loan on day one, all powered by the community.Rooter (33:57):Going back to isolated pools, we've been launching one isolated pool about once a week, but even then we only have ... Right now we have 40 something assets and around 16 different isolated pools, but it's going to take us forever to list everything in Solana ecosystem, right, there's thousands of tokens. And at this rate of once a week, even though that's a pretty decent rate we're just never going to get to everything. I guess borrowing some lessons from Uniswap, they have permissionless listings and it made sense that they could list everything under the sun without having to spend any engineering time on it.Rooter (34:34):And in contrast to that, centralized exchanges like buying that through Coinbase, they have to spend maybe a week of engineering's time to set everything up, especially if they have legacy systems that are not designed from the start to be rapid listing machines. Coinbase, for example, as a startup, it was only for buying Bitcoin, and then they added Ethereum later on. And then now there's hundreds of assets but it took a really long time to get there, and it takes up a lot of engineering time. In this way, we're able to provide a market for everything on Solana, and we're removing ourselves as a gatekeeper and as a blocker for having these markets.Brian (35:13):That's really cool to hear. I do think that is one of the main selling points of a decentralized protocol like this is just capturing the long tail of all assets in a really efficient way. I think this dovetails pretty nicely too with what you mentioned with this hint at what your guys' plans are for decentralizing long term. I guess looking ahead, what are you most excited to build with Solend? What do you envision is the end state for how Solend fits into the broader Solana ecosystem?Rooter (35:40):One of the big parts that we're encouraging is developer usage. Solend at the end of the day is a platform. We have Sea Tokens that make it extremely easy to integrate with. Sea Tokens are just like any other SPL token that represent your deposit. And basically, we want Solend to be pretty deeply integrated into the ecosystem and be used across various different use cases. Lending is a core primitive of DeFi and it's a building block that should be used as much as possible. I really see ourselves at the base layer of Solana as a primitive that's used in many different other products.Brian (36:21):That's awesome. Well, I think you guys are definitely well on your way to being there. Rooter, this is a great discussion. Thanks for your time. One last question we ask to all our guests. Who is a builder that you admire in the Solana ecosystem?Rooter (36:34):I really admire the Orca team. Yutaro and Grace inspired me to build Solend right at the beginning because ... I knew Yutaro from his Orion days and I knew he was a very talented dev. Seeing him jump into Solana was definitely a factor for me to take a second look at it. If you haven't already had them, I would definitely recommend them.Brian (36:58):Couldn't agree more. We had Orion for I believe our third episode that we launched. They do a really great job of setting the UX bar very high in crypto, especially when it comes to DeFi projects, as you guys do as well. Well, Rooter, this is great. Thanks so much for your time. Where can people go to learn more about you and to learn more about Solend?Rooter (37:18):So for myself, you can follow me on Twitter, I'm at 0xrooter, most active there. For Solend, Solend.fi is the website and Solendprotocol on Twitter where you can find all of our updates. From there you can find all the links to everything else like our documentation and whatnot. Developer, portal, and whatnot.Brian (37:38):Perfect. Thank you, Rooter.Rooter (37:39):Thank you.

Decentralized Finance (DeFi) has faced many trials in this crypto bear market: firms collapsing, withdrawals halted and many users are left wondering what will happen to their money entrusted to these DeFi companies.One of the latest crises occurred on Solend, a lending and borrowing protocol on the Solana Network. “Opinionated” hosts Ben Schiller, Danny Nelson and Anna Baydakova discuss Solend and the larger problems facing DeFi with Teddy Woodward, co-founder and CEO of borrowing and lending platform Notional Finance.This show is produced, and announced by Michele Musso with additional production support and editing from Eleanor Pahl. Our theme song is by Elison.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Decentralized Finance (DeFi) has faced many trials in this crypto bear market: firms collapsing, withdrawals halted and many users are left wondering what will happen to their money entrusted to these DeFi companies.One of the latest crises occurred on Solend, a lending and borrowing protocol on the Solana Network. “Opinionated” hosts Ben Schiller, Danny Nelson and Anna Baydakova discuss Solend and the larger problems facing DeFi with Teddy Woodward, co-founder and CEO of borrowing and lending platform Notional Finance.This show is produced, and announced by Michele Musso with additional production support and editing from Eleanor Pahl. Our theme song is by Elison.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hasu, strategic advisor to Lido, and Tarun Chitra, founder of Gauntlet, explain everything about staked ETH, aka stETH, how it should be priced, Lido's market dominance, and much more. Show highlights: the role of Lido, what stETH is, and what its benefits are whether Ethereum's lack of delegated proof of stake contributes to the need for stETH why stETH is not mispriced and why it doesn't necessarily have to be worth 1 ETH the inherent risks associated with stETH how there was not enough liquidity to handle all the liquidations, especially in automated vaults on, for instance, Instadapp  how automated market makers work and what Curve's amplification factor is whether 3AC and Celsius had a significant impact on the stETH/ETH “de-peg” how does the Merge affect the liquidity of stETH Hasu's and Tarun's level of confidence that the Merge will happen this year and whether it will be a success what will happen to the price of stETH after the redemptions are enabled why Lido has achieved such a level of dominance how Lido decreases the cost of staking and helps improve the security of the Ethereum blockchain whether there is going to be a “winner take all” in the liquid staking derivatives market how liquidity fragmentation can cause the system to blow up why LDO tokenholders might not have the same incentives as ETH tokenholders what is Lido's new dual governance model and what is it trying to achieve whether Lido should self limit its market dominance how Lido coordinates validators and the role of the LDO token in this coordination what are the lessons to be learned from the stETH situation how governance is a liability to DeFi protocols   Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ Oasis:  https://oasisprotocol.org/grant-programs?utm_source=unchained&utm_medium=partnership&utm_campaign=podcast-oasis-grants-program   EPISODE LINKS   Hasu:  Twitter: https://twitter.com/hasufl Uncommon Core Podcast: http://uncommoncore.co/podcast/ Tarun:  Twitter: https://twitter.com/tarunchitra   stETH   Lido's explanation: https://twitter.com/LidoFinance/status/1535184472546889735?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Lido's explanation #2: https://twitter.com/LidoFinance/status/1536756933054676992?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Hasu's thread #1: https://twitter.com/hasufl/status/1524717773959700481?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Hasu's thread #2: https://twitter.com/hasufl/status/1525427069198508033?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Tarun's take: https://twitter.com/tarunchitra/status/1538775828573609985?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Tarun's paper: Why Stake when you can borrow: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629988   Lido Self-limit?: https://twitter.com/LidoFinance/status/1540258690942615555?s=20&t=sJU5C5xo5litEJrZZDaWNQ Hasu on Lido's dual governance proposal: https://twitter.com/hasufl/status/1540652075352313857?s=20&t=sJU5C5xo5litEJrZZDaWNQ Lido's two phase voting scheme :https://blog.lido.fi/moving-to-two-phase-voting/ Previous Unchained Coverage on DAO governance: Solend and Bancor Drama: Did These DAOs Violate the Ethos of Crypto?: https://unchainedpodcast.com/solend-and-bancor-drama-did-these-daos-violate-the-ethos-of-crypto-ep-366/ Bear Market: Insolvency of crypto lenders: 3AC: https://blockworks.co/three-arrows-capital-brink-default-owes-voyager-657m/ Celsius: https://www.theblock.co/linked/151522/crypto-lending-firm-celsius-pauses-withdrawals-and-transfers-citing-market-conditions Celsius possible bankruptcy: https://www.theblock.co/linked/154100/crypto-lender-celsius-hires-more-advisors-ahead-of-possible-bankruptcy-wsj Previous Unchained Coverage:  Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/ Cobie and Chris Burniske on How to Navigate a Crypto Bear Market: https://unchainedpodcast.com/cobie-and-chris-burniske-on-how-to-navigate-a-crypto-bear-market-ep-354/  

Hasu, strategic advisor to Lido, and Tarun Chitra, founder of Gauntlet, explain everything about staked ETH, aka stETH, how it should be priced, Lido's market dominance, and much more. Show highlights: the role of Lido, what stETH is, and what its benefits are whether Ethereum's lack of delegated proof of stake contributes to the need for stETH why stETH is not mispriced and why it doesn't necessarily have to be worth 1 ETH the inherent risks associated with stETH how there was not enough liquidity to handle all the liquidations, especially in automated vaults on, for instance, Instadapp  how automated market makers work and what Curve's amplification factor is whether 3AC and Celsius had a significant impact on the stETH/ETH “de-peg” how does the Merge affect the liquidity of stETH Hasu's and Tarun's level of confidence that the Merge will happen this year and whether it will be a success what will happen to the price of stETH after the redemptions are enabled why Lido has achieved such a level of dominance how Lido decreases the cost of staking and helps improve the security of the Ethereum blockchain whether there is going to be a “winner take all” in the liquid staking derivatives market how liquidity fragmentation can cause the system to blow up why LDO tokenholders might not have the same incentives as ETH tokenholders what is Lido's new dual governance model and what is it trying to achieve whether Lido should self limit its market dominance how Lido coordinates validators and the role of the LDO token in this coordination what are the lessons to be learned from the stETH situation how governance is a liability to DeFi protocols   Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ Oasis:  https://oasisprotocol.org/grant-programs?utm_source=unchained&utm_medium=partnership&utm_campaign=podcast-oasis-grants-program   EPISODE LINKS   Hasu:  Twitter: https://twitter.com/hasufl Uncommon Core Podcast: http://uncommoncore.co/podcast/ Tarun:  Twitter: https://twitter.com/tarunchitra   stETH   Lido's explanation: https://twitter.com/LidoFinance/status/1535184472546889735?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Lido's explanation #2: https://twitter.com/LidoFinance/status/1536756933054676992?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Hasu's thread #1: https://twitter.com/hasufl/status/1524717773959700481?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Hasu's thread #2: https://twitter.com/hasufl/status/1525427069198508033?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Tarun's take: https://twitter.com/tarunchitra/status/1538775828573609985?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Tarun's paper: Why Stake when you can borrow: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629988   Lido Self-limit?: https://twitter.com/LidoFinance/status/1540258690942615555?s=20&t=sJU5C5xo5litEJrZZDaWNQ Hasu on Lido's dual governance proposal: https://twitter.com/hasufl/status/1540652075352313857?s=20&t=sJU5C5xo5litEJrZZDaWNQ Lido's two phase voting scheme :https://blog.lido.fi/moving-to-two-phase-voting/ Previous Unchained Coverage on DAO governance: Solend and Bancor Drama: Did These DAOs Violate the Ethos of Crypto?: https://unchainedpodcast.com/solend-and-bancor-drama-did-these-daos-violate-the-ethos-of-crypto-ep-366/ Bear Market: Insolvency of crypto lenders: 3AC: https://blockworks.co/three-arrows-capital-brink-default-owes-voyager-657m/ Celsius: https://www.theblock.co/linked/151522/crypto-lending-firm-celsius-pauses-withdrawals-and-transfers-citing-market-conditions Celsius possible bankruptcy: https://www.theblock.co/linked/154100/crypto-lender-celsius-hires-more-advisors-ahead-of-possible-bankruptcy-wsj Previous Unchained Coverage:  Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/ Cobie and Chris Burniske on How to Navigate a Crypto Bear Market: https://unchainedpodcast.com/cobie-and-chris-burniske-on-how-to-navigate-a-crypto-bear-market-ep-354/  

“But one of the first ones that I saw, as an actual potential project for us was with a bunch of independent, organic meat farms that wanted to be able to validate [the] quality of their supply chain all the way to the consumer - i.e. as a consumer, I could like scan a QR code on the packaging of my meat and see this like long background of all of the logistics, and what farm it came from, … and what his like preferences was, his favorite Rush album, all that stuff..But like the point was like that you could do that with blockchain and, and … ultimately what happened was it came down to: they were gonna print a label on the meat that told the consumer, ‘This is legit, right?' What is the consumer going to do with that information? Are they actually going to go like ‘Verified on the Blockchain?' No, they're not.”Show Notes:Recording FAD to the blockchain (00:47)Three old dudes and Web 3.0  (02:29)“What blockchain promises, databases can do (06:08)A practical use for NFTs (09:05)Lofty exercises: increment keys (17:25)Solend (21:37)Straight pipes (28:56)“You're about to have a very, like, bad identity crisis.” (31:05)Casey's mortgage experience (43:58)A recent candidate interview (48:18)Resume listing: crypto investor (53:48)Show Links:Lofty's hiring! (Breezy, Linkedin)Support Friday Afternoon Deploy Online:Facebook  | Twitter  | Patreon  | Teespring

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Taylor Monahan, matriarch of Metamask, joins the show to discuss the contagion of major crypto firms, the bear market, SBF saving crypto, and much more! Show topics: The importance of UX and security How Three Arrows Capital's practice of borrowing to leverage their bets has caused a crisis for crypto lenders that rippled out to many customers How the GBTC arbitrage trade was part of 3AC's undoing, and how that trade was one many other crypto trading institutions had previously abandoned How crypto lenders were being degens with customers funds Why SBF stepped in and made sure these BlockFi and Voyager didn't default on customers' deposits Whether this whole wind-down reflects a credit cycle How DeFi protocols were built to avoid these kinds of centralized finance problems  How the systemic issues caused by CeFi institutions like Celsius, BlockFi and Voyager are reminiscent of the Great Financial Crisis What are the similarities between this crypto meltdown, the Mt. Gox debacle, and the 1907 and 2008 financial crises What are the consequences of losing retail money vs. institutional money How surviving a credit cycle crisis creates the best risk managers The lessons to be learned from all these crises  How MakerDAO is trying to figure out what to do with its money What happened with Solend and why the DAO resorted to a centralized action Why DeFi needs more clauses about how to handle edge cases The difference between doing dumb things and wrong things Why Tarun is impressed with Solana's DAO tooling Why Taylor is thankful for the bear market Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra  Robert Leshner, founder of Compound  https://twitter.com/rleshner    Guest: Taylor Monahan Twitter: https://twitter.com/tayvano_ Taylor's thread on resources to learn about all things crypto: https://twitter.com/tayvano_/status/1509380091184246784?s=20&t=kNk8fJ7pJAWfEEVZQHwpvg   Episode Links   Crypto Contagion 3AC: https://blockworks.co/three-arrows-capital-brink-default-owes-voyager-657m/ Voyager Celsius + Goldman buyout? https://www.protocol.com/bulletins/goldman-celsius-bankruptcy BlockFi bailout: https://www.coindesk.com/business/2022/06/21/blockfi-receives-250m-credit-facility-from-ftx/ Unchained newsletter on BlockFi's bailout: https://unchainedpodcast.com/vitalik-says-this-deserves-mockery/ CoinFlex: https://www.bloomberg.com/news/articles/2022-06-27/crypto-exchange-coinflex-to-issue-tokens-after-withdrawal-freeze?sref=Q2SpVkJl Babel: https://www.coindesk.com/business/2022/06/20/babel-finance-reaches-debt-agreement-with-counterparties-after-withdrawal-freeze/ Unchained Coverage: Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/ Solend DAO situation: Unchained Coverage: Solend and Bancor Drama: Did These DAOs Violate the Ethos of Crypto? – Ep. 366: https://unchainedpodcast.com/solend-and-bancor-drama-did-these-daos-violate-the-ethos-of-crypto-ep-366/ https://www.coindesk.com/tech/2022/06/19/solana-defi-platform-votes-to-control-whale-account-in-bid-to-avoid-liquidation-chaos/ Covered on Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/ MakerDAO governance proposal: https://www.theblock.co/post/154515/maker-governance-is-voting-to-invest-500-million-in-us-treasury-bills

Solend to Rob a Whale for the Greater Good?

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Taylor Monahan, matriarch of Metamask, joins the show to discuss the contagion of major crypto firms, the bear market, SBF saving crypto, and much more! Show topics: The importance of UX and security How Three Arrows Capital's practice of borrowing to leverage their bets has caused a crisis for crypto lenders that rippled out to many customers How the GBTC arbitrage trade was part of 3AC's undoing, and how that trade was one many other crypto trading institutions had previously abandoned How crypto lenders were being degens with customers funds Why SBF stepped in and made sure that BlockFi and Voyager didn't default on customers' deposits Whether this whole wind-down reflects a credit cycle How DeFi protocols were built to avoid these kinds of centralized finance problems  How the systemic issues caused by CeFi institutions like Celsius, BlockFi and Voyager are reminiscent of the Great Financial Crisis What are the similarities between this crypto meltdown, the Mt. Gox debacle, and the 1907 and 2008 financial crises What are the consequences of losing retail money vs. institutional money How surviving a credit cycle crisis creates the best risk managers The lessons to be learned from all these crises  How MakerDAO is trying to figure out what to do with its money What happened with Solend and why the DAO resorted to a centralized action Why DeFi needs more clauses about how to handle edge cases The difference between doing dumb things and wrong things Why Tarun is impressed with Solana's DAO tooling Why Taylor is thankful for the bear market Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra  Robert Leshner, founder of Compound  https://twitter.com/rleshner    Guest: Taylor Monahan Twitter: https://twitter.com/tayvano_ Taylor's thread on resources to learn about all things crypto: https://twitter.com/tayvano_/status/1509380091184246784?s=20&t=kNk8fJ7pJAWfEEVZQHwpvg   Episode Links   Crypto Contagion 3AC: https://blockworks.co/three-arrows-capital-brink-default-owes-voyager-657m/ Voyager Celsius + Goldman buyout? https://www.protocol.com/bulletins/goldman-celsius-bankruptcy BlockFi bailout: https://www.coindesk.com/business/2022/06/21/blockfi-receives-250m-credit-facility-from-ftx/ Unchained newsletter on BlockFi's bailout: https://unchainedpodcast.com/vitalik-says-this-deserves-mockery/ CoinFlex: https://www.bloomberg.com/news/articles/2022-06-27/crypto-exchange-coinflex-to-issue-tokens-after-withdrawal-freeze?sref=Q2SpVkJl Babel: https://www.coindesk.com/business/2022/06/20/babel-finance-reaches-debt-agreement-with-counterparties-after-withdrawal-freeze/ Unchained Coverage: Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/ Solend DAO situation: Unchained Coverage: Solend and Bancor Drama: Did These DAOs Violate the Ethos of Crypto? – Ep. 366: https://unchainedpodcast.com/solend-and-bancor-drama-did-these-daos-violate-the-ethos-of-crypto-ep-366/ https://www.coindesk.com/tech/2022/06/19/solana-defi-platform-votes-to-control-whale-account-in-bid-to-avoid-liquidation-chaos/ Covered on Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/ MakerDAO governance proposal: https://www.theblock.co/post/154515/maker-governance-is-voting-to-invest-500-million-in-us-treasury-bills

Crypto Recap for week ending June 25th. Timestamps to come! --- Send in a voice message: https://anchor.fm/decentcryptopodcast/message

Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights: what situation prompted Solend to feel it was in jeopardy what Solend DAO's response was to that situation why Derek views it as “the nuclear option” why the proposal sparked an outcry from the crypto community whether this issue could have been prevented or managed differently if the protocol was built on a blockchain other than Solana why, a day later, the DAO reversed its first decision to take over the whale's account whether Derek thinks the DAO made the right decision to not take over the whale's account what is Impermanent Loss Protection, a feature offered by Bancor why Bancor decided to pause Impermanent Loss Protection whether Celsius and 3AC had anything to do with Bancor's problem how Bancor's decision was made unilaterally how DAOs should deal with black swan events     Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021  Ava Labs: https://www.avax.network/     EPISODE LINKS   Derek Twitter: https://twitter.com/derek_hsue   Reverie Website: https://www.reverie.ooo/ Twitter: https://twitter.com/hi_reverie   Solend DAO Situation Covered on Monday's Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/ Proposal to invalidate the first one: https://decrypt.co/103330/solana-lending-dao-overturns-vote-to-take-over-at-risk-whale-wallet The whale moved $25 million from Solend: https://www.theblock.co/post/153207/solana-whale-shuffles-25-million-to-reduce-risk-to-defi-protocol-solend   Bancor Pausing Impermanent Loss Protection Bancor's post: https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336 Anthony Sassano's reaction: https://twitter.com/sassal0x/status/1539082583832526848?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q   DAO Governance issues: Lido DAO proposes to reduce the existing scope of governance of its token holders: https://research.lido.fi/t/ldo-steth-dual-governance/2382 Jack Niewold 's thread: https://twitter.com/JackNiewold/status/1539307339928457217?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q Unchained Coverage: How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting – Ep.360: https://unchainedpodcast.com/how-soul-bound-tokens-could-reduce-speculation-and-improve-dao-voting-ep-360/     Main tweet On this Friday's Unchained, Derek Hsue explains: * why the first Solend DAO vote was the “nuclear option” * whether Solana's history of downtime spurred the proposal * Bancor's decision to stop Impermanent Loss Protection * what this all means for DAO governance

Matt and Nic return for a fiery episode of deals and news. In this episode:  Is miner selling backed up by the on-chain data?  Is Massachusetts open to pro-crypto legislation?  FTX provides credit support to embattled crypto lenders  Why private market transactions do not constitute bailouts in the pejorative sense Was 3 Arrows just a case of too much leverage and bad trades, or was it fraud?  Does the 3AC situation stray into criminal territory?  There were significant harms stemming from the 3AC scheme Kyle's infamous On The Brink appearance and his special request  Did GBTC bring down 3AC?  Are we entering the PvP era of crypto twitter?  The story behind 3AC's yacht  Solend requisitions user funds  Wartime versus peacetime governance in DeFi South Korea puts a travel ban on Terraform labs employees DYDX is leaving Ethereum and moving to their own chain  The relationship between lender balance sheets and GBTC  Is there a case to be made for winding down GBTC? How to think about the GBTC trade today How the 3AC GBTC trade is like LTCM  How to think about the "macro"  Is the 'crypto hedge fund that also does VC' obsolete?  Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

In this episode of Empire's Weekly Roundup, Jason and Santi discuss CeFi's contagion risk and the fragility in the crypto market. Prices are crashing, and multiple companies appear to be on the verge of bankruptcy. Is SBF saving the industry? What questions should we all be asking right now? Tune in to find out! Highlights include: - What's going on in the markets - Crypto is transparent but not perfect - What is crypto's worst-case scenario - Crypto is transparent but not perfect - Will 3AC survive - Voyager joins the illiquidity party - BlockFi continues to be in pain - SBF & Alameda swoop in - Are low DeFi yields existential - What happened with Solend - Is it okay if applications are centralized - - Follow Santi: https://twitter.com/santiagoroel Follow Jason: https://twitter.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw - - Referenced in the show: Jason's tweet on 3 phases of a bear market https://twitter.com/JasonYanowitz/status/1536365738906202112 Episode with Qiao from Alliance DAO https://tinyurl.com/4wrkuakz -- BitMEX is back and better than ever. Sign up for BitmEX's new Spot Exchange for a chance to win a piece of $500,000 in BTC (new users). Learn more about them at https://www.bitmex.com/ -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) Introduction (01:41) Market Update (04:34) Today's Risk Factors (08:37) 3AC Crises Update (13:17) Celsius & sETH Update (13:45) Voyager & Risk Mgmt (17:56) How Bad Are Low Yields For DeFi? (20:16) Bitmex Ad (21:16) The Question You Should Be Asking (27:27) When Markets Go Quiet (29:02) SBF Saves CeFi (35:04) A Daisy Chain of Yields (31:02) Solend & Centralization1 (41:33) Topics For Next Week -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

In this week's episode of Off-Chain, we cover the following stories: The latest $100mm bridge hack. The drama unfolding with Solend. 3AC's implosion. The Solana smartphone. Plus a whole lot more in our news roundup.

This episode with Beech & Rip covers the DOOM AND GLOOM of these businesses (Solend, Celsius, 3 Arrows Capital, TRON?!) falling apart in the crypto space. Where did they go wrong and what this means for the future of the industry. Is TRON making the same fatal mistake as DO KWON? We also quickly address a ELON MUSK/TWITTER update. In the episode's main topic we try and keep it lighthearted and provide a silver lining in the madness. We go over our strategies and routines we revert back to in this CRYPTO WINTER.  We lay out our playbook to SURVIVING and building back STRONGER for the next BULL RUN. Follow us on twitter @cryptokingspod & on Instagram @cryptokingspodcast and we will literally air drop you APE COIN if you post your APE COIN address in a comment. Like, Follow, Enjoy!

Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights: what situation prompted Solend to feel it was in jeopardy what Solend DAO's response was to that situation why Derek views it as “the nuclear option” why the proposal sparked an outcry from the crypto community whether this issue could have been prevented or managed differently if the protocol was built on a blockchain other than Solana why, a day later, the DAO reversed its first decision to take over the whale's account whether Derek thinks the DAO made the right decision to not take over the whale's account what is Impermanent Loss Protection, a feature offered by Bancor why Bancor decided to pause Impermanent Loss Protection whether Celsius and 3AC had anything to do with Bancor's problem how Bancor's decision was made unilaterally how DAOs should deal with black swan events     Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021  Ava Labs: https://www.avax.network/     EPISODE LINKS   Derek Twitter: https://twitter.com/derek_hsue   Reverie Website: https://www.reverie.ooo/ Twitter: https://twitter.com/hi_reverie   Solend DAO Situation Covered on Monday's Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/ Proposal to invalidate the first one: https://decrypt.co/103330/solana-lending-dao-overturns-vote-to-take-over-at-risk-whale-wallet The whale moved $25 million from Solend: https://www.theblock.co/post/153207/solana-whale-shuffles-25-million-to-reduce-risk-to-defi-protocol-solend   Bancor Pausing Impermanent Loss Protection Bancor's post: https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336 Anthony Sassano's reaction: https://twitter.com/sassal0x/status/1539082583832526848?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q   DAO Governance issues: Lido DAO proposes to reduce the existing scope of governance of its token holders: https://research.lido.fi/t/ldo-steth-dual-governance/2382 Jack Niewold 's thread: https://twitter.com/JackNiewold/status/1539307339928457217?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q Unchained Coverage: How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting – Ep.360: https://unchainedpodcast.com/how-soul-bound-tokens-could-reduce-speculation-and-improve-dao-voting-ep-360/     Main tweet On this Friday's Unchained, Derek Hsue explains: * why the first Solend DAO vote was the “nuclear option” * whether Solana's history of downtime spurred the proposal * Bancor's decision to stop Impermanent Loss Protection * what this all means for DAO governance

Hey Solanians….. How are you? The markets are looking a little green but that always makes me suspicious since we've seen that before... This is the sixth episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are Serum, mSOL, Raydium and Solend and Orca. This episode was recorded on June 23rd 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents.... Solend has been dominating everything Solana related this past week but don't worry we have lots more to talk about…  I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://medium.com/marinade-finance/introducing-the-next-chapter-for-the-marinade-community-d47bc80629e6 (Marinade Community Manager) https://twitter.com/MarinadeFinance/status/1537437589925507072?s=20&t=SOerPXcByFLctXQ4ExG0uQ (Marinade Explainer) https://mirror.xyz/0x1254ac8EB55678cFbcb4047488385B9D27776Ff3/wpGiIM0czn4NpdsiusGP6sR6waRwiYDhm6OboDGMR3c (PsyFinance x Serum Vault Rewards Program — PsyDO) https://www.psyfi.io (PsyFinance) https://raydium.io (Raydium) https://v1.raydium.io/acceleRaytor/ (Raydium AcceleRaytor) https://www.figma.com/community/file/1121222959383851720 (Orca Figma Style Guide) https://tokenterminal.com/terminal/projects/orca (Orca Available On Token Terminal) https://www.coindesk.com/tech/2022/06/21/solend-says-whale-at-center-of-solana-defi-controversy-starts-moving-funds/ (Solend Says Investor at Center of Solana DeFi Controversy Started to Move Funds) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email

On this week's show Patrick Gray and Adam Boileau discuss the week's security news, including: Paige Thompson guilty of Capital One hack Microsoft is hiding serious Azure security issues New Australian government lobbying for Julian Assange How to ransomware documents in the cloud Microsoft stops Windows 10/11 downloads in Russia Belarusian cyber partisans obtain spy agency's audio recordings Much, much more This week's edition of the show is brought to you by Gigamon. Josh Day, Gigamon's Director of applied threat research team, will be along in this week's sponsor interview to talk about detecting badness on your network in encrypted traffic. Links to everything that we discussed are below and you can follow Patrick or Adam on Twitter if that's your thing. Show notes Former Seattle tech worker convicted of wire fraud and computer intrusions | USAO-WDWA | Department of Justice MPs back quiet diplomacy in Assange case Botched and silent patches from Microsoft put customers at risk, critics say | Ars Technica Microsoft's Vulnerability Practices Put Customers At Risk | LinkedIn Security firm warns of ransomware attacks targeting Microsoft cloud 'versioning' feature - The Record by Recorded Future Separate Fujitsu cloud storage vulnerabilities could enable attackers to destroy virtual backups | The Daily Swig Large supermarket chain in southern Africa hit with ransomware - The Record by Recorded Future Telegram: Contact @tass_agency Microsoft pulls Windows 10 and 11 in Russia • The Register DDoS Attacks Delay Putin Speech at Russian Economic Forum Russia warns of a “military clash” if it's hit by US cyberattacks - The Record by Recorded Future Belarusian hacktivist group releases purported Belarusian wiretapped audio of Russian embassy U.S. defense firm L3Harris in talks with NSO Group over spyware - The Washington Post Srsly Risky Biz: Friday June 17 - by Tom Uren Suspect in hacking Russian customs detained in Moscow String of attacks on French telecom infrastructure preceded April attack on fiber optic cables Chinese APT groups targeting India, Pakistan and more with Sophos firewall vulnerability - The Record by Recorded Future Ukrainian cybersecurity officials disclose two new hacking campaigns Police Linked to Hacking Campaign to Frame Indian Activists | WIRED INTERPOL raids hundreds of scammy call centers in sweep A Twitch Streamer Is Exposing Coronavirus Scams Live | WIRED Ranking The World's Angriest Scammers - 10/10 Rage - YouTube MIT researchers find new hardware vulnerability in the Apple M1 chip - The Record by Recorded Future A new vulnerability in Intel and AMD CPUs lets hackers steal encryption keys | Ars Technica Tornado Cash Is Crypto Hackers' Favorite Way to Cash Out, But Experts Say It Can Be Traced How CISA's list of 'must-patch' vulnerabilities has expanded both in size, and who's using it The tale of a whale who took Solend's money – Amy Castor

ETH 450? | SBF Can't Stop Crypto Crash? Solana, Solend, Bancor, Synthetix, Bitcoin, and Ethereum News Live. There was a lot of hopium over the weekend about big players supporting the market. We heard all this in 1929. It didn't work. We take a look at all the news from the weekend and the dramatic spike in the market. We believe this rally could be the top before the next big crash ●▬Promotions▬▬▬▬▬▬▬▬▬● https://insights.tokenmetrics.com/tok... Token Metrics Apparel: https://shop.tokenmetrics.com Crypto Investing Guide Audiobook: http://tmt.link/audible Crypto Investing Guide on Amazon: http://tmt.link/amazon Sign up for Token Metrics at https://tokenmetrics.com Sign up for our Weekly Newsletter at https://bit.ly/3B9OVDP ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Podcast: https://tokenmetrics.com/podcast Blog: https://blog.tokenmetrics.com/ Follow us: Telegram Alerts Channel: https://t.me/TokenMetrics Telegram Discussion Group: https://t.me/TokenMetricsDiscussion Twitter: https://twitter.com/tokenmetricsinc Instagram: https://instagram.com/tokenmetrics ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber's or anyone's personal circumstances into consideration when discussing investments; nor is Token Metrics Media LLC, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics Media LLC team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: tokenmetrics.com/disclosures.

ETH 450? | SBF Can't Stop Crypto Crash? Solana, Solend, Bancor, Synthetix, Bitcoin, and Ethereum News Live. There was a lot of hopium over the weekend about big players supporting the market. We heard all this in 1929. It didn't work. We take a look at all the news from the weekend and the dramatic spike in the market. We believe this rally could be the top before the next big crash ●▬Promotions▬▬▬▬▬▬▬▬▬● https://insights.tokenmetrics.com/tok... Token Metrics Apparel: https://shop.tokenmetrics.com Crypto Investing Guide Audiobook: http://tmt.link/audible Crypto Investing Guide on Amazon: http://tmt.link/amazon Sign up for Token Metrics at https://tokenmetrics.com Sign up for our Weekly Newsletter at https://bit.ly/3B9OVDP ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Podcast: https://tokenmetrics.com/podcast Blog: https://blog.tokenmetrics.com/ Follow us: Telegram Alerts Channel: https://t.me/TokenMetrics Telegram Discussion Group: https://t.me/TokenMetricsDiscussion Twitter: https://twitter.com/tokenmetricsinc Instagram: https://instagram.com/tokenmetrics ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber's or anyone's personal circumstances into consideration when discussing investments; nor is Token Metrics Media LLC, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics Media LLC team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: tokenmetrics.com/disclosures.

Las mejores noticias de Criptomonedas y Bitcoin BTC hoy en Bit2Me Crypto News: 💬 Presidente de la Comisión Nacional del Mercado de Valores (CNVM) de España dice que las criptomonedas son una burbuja financiera 📋 Hacienda exige que se informe sobre la tenencia de criptomonedas 👉https://news.bit2me.com/hacienda-exig... 👍 Expertos de la industria cripto dicen que los mercados bajistas son buenos 🐋 Ballena de Solana que puso en riesgo Solend decide pagar parte de su deuda 🚀 Dogecoin y Shiba Inu se Disparan Tras Apoyo de Elon Musk a DOGE En El Foro Económico de Doha 🚀 Suscríbete a nuestro Canal: https://www.youtube.com/channel/UCBiA... 00:00 Sumario 0:58 El presidente de la CMNV contra las criptomonedas 1:58 Hacienda quiere que declares tus tenencias de criptos 2:51 El mercado bajista es bueno 3:54 Ballena de solana casi acaba con el protocolo Solend 4:47 ELON MUSK mueve el MERCADO con otro PUMP 5:48 Cierre #elonmusk #dogecoin #solana #Bitcoin #Blockchain #Criptomonedas 🎁 *¡Has descubierto un regalo!* Si estás aquí, aprendiendo, te mereces nuestro regalo especial: Regístrate en Bit2Me con este enlace y en tu primera compra de 100€ o más te regalaremos 5€: https://up.bit2me.com/ytnewsreg *¡La revolución la creamos entre todos!* 📲¡Descárgate la APP de Bit2Me! https://up.bit2me.com/appyt Nuestra web: https://up.bit2me.com/2a 👉 Síguenos en las redes sociales: ⭕️ Facebook: https://www.facebook.com/bit2me ⭕️ Instagram: https://www.instagram.com/bit2me ⭕️ Twitch: https://www.twitch.tv/bit2me ⭕️TikTok: https://www.tiktok.com/@bit2me ⭕️ Linkedin: https://www.linkedin.com/company/9243641 ⭕️ Twitter: https://twitter.com/bit2me ⭕️ Telegram: https://t.me/Bit2Me_ES ⭕️ Lbry (Odysee): https://odysee.com/@bit2me:c ⭕️ Spotify: https://open.spotify.com/show/1Tj4kyX... ⭕️ iVoox: https://www.ivoox.com/podcast-bit2me-... y por supuesto, dale a la campanita para activar las notificaciones 👈 ✍🏻 ¡Apunta! Conoce todos nuestros servicios: ⭕️ Wallet: https://up.bit2me.com/2e ⭕️ Tikebit (compra criptomonedas en tiendas físicas): https://www.tikebit.com/ ⭕️ Academy: https://up.bit2me.com/2g ⭕️ Crypto News: https://up.bit2me.com/2h

There's been some crazy news in Crypto, so we bring on Vinny Lingham, an early investor in Solana, who runs a startup that encrypts identity information on the blockchain called Civic. We dig into NFT NYC (8:24), the fiasco on Solend protocol (22:29), and how South Korean prosecutors have instituted a flight ban for employees while they investigate the $40 billion collapse (45:54). Finally, we talk about how, despite all of this, the Solana NFT Marketplace Magic Eden still raised $130 million at a $1.6 billion valuation (51:04).

There's been some crazy news in Crypto, so we bring on Vinny Lingham, an early investor in Solana, who runs a startup that encrypts identity information on the blockchain called Civic. We dig into NFT NYC (8:24), the fiasco on Solend protocol (22:29), and how South Korean prosecutors have instituted a flight ban for employees while they investigate the $40 billion collapse (45:54). Finally, we talk about how, despite all of this, the Solana NFT Marketplace Magic Eden still raised $130 million at a $1.6 billion valuation (51:04). (0:00) Jason and Molly introduce today's show! (2:18) Weekend banter with Jason and Molly (8:24) Crypto Update: Solana Whale, NFT NYC, and Magic Eden w/ Vinny Lingham (13:58) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST (15:13) The crypto drawdown: Vinny's thoughts (21:21) Notion - Get started for free at https://notion.com/thisweekinstartups (22:29) DeFi protocol built on Solana, called Solend, voted to take over a “whale” account on Sunday, which accounts for ~95% of the platform's total deposits (35:29) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist (36:34) Should humans be able to intervene on crypto systems? (45:54) South Korean prosecutors have BANNED Terraform Labs employees from leaving the country with a flight ban (51:04) Solana-based NFT marketplace Magic Eden has raised a $130M Series B at a $1.6B valuation (1:18:55) Outro: stories coming up this week

Today's blockchain and cryptocurrency news Brought to you by web3 with a16z (https://podcasts.apple.com/us/podcast/web3-with-a16z/id1622312549) Bitcoin is down 2% at $20,852 Ethereum is down 2% at $1137 and Binance Coin is down 1.5% at $219 Waves, up 19% Zilliqa up 20% BIS addresses CBDCs and crypto Solend Whale moves funds Ukraine sells dontated cryptopunk for $100k Deutsche Börse signs deal with Kaiko Cloudflare web outage ripples into exchanges

Today we will be discussing interest in BTC on Google search hitting a 12-month high and whats it says about the current state of BTC. Next we'll look at Voyager taking a credit loan from SBF's Alameda Research, and last we'll talk about Solend and a not so popular governance decision. Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Brad Vernell, Crypto Blood, Crypto Avances, & Sin City Crypto. Tune in for their insightful crypto analysis.

Aussie t-shirt maker Threadheads has broken equity crowdfunding history, so now they can print more “Get on the beers” tshirts. An Australian app that aims to diagnose covid by listening to the sound of a cough has failed its final test before its potential takeover by Pfizer. Crypto lending platform Solend has seen its community vote against enabling the platform to take over a major user's account.  --- Build the financial health of your team at work with Flux at Work: https://bit.ly/fluxatwork --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.

إخلاء المسؤولية:  نحن لسنا مستشارين ماليين، لا تأخذ أي شيء في هذا البودكاست على أنه نصيحة مالية على الإطلاق، قم بأبحاثك الخاصة. استشر مستشار استثمار محترف قبل اتخاذ أي قرارات استثمارية! البودكاست هذا للترفيه فقط!في هذه الحلقة تكلمنا عن مستقبل البلوكتشين والعملات الرقمية في اعتقادنا وهل تستطيع جهة حكومية ان تستخدم بلوكتشين من غير اصدار عملة رقمية تابعة لها.تناقشنا في موضوع منصة Solend الغريب والشاذ في عالم اللا مركزية وكان جزء من النقاش حاد لا يتطوَف وبعدها صارت سوالف حول نزول السوق وتبعات النزول وكيف يقدر الواحد يتفادى الخساير التي تصحب هذه الانهيارات.إخلاء المسؤولية: نحن لسنا مستشارين ماليين، لا تأخذ أي شيء في هذا البودكاست على أنه نصيحة مالية على الإطلاق، قم بأبحاثك الخاصة. استشر مستشار استثمار محترف قبل اتخاذ أي قرارات استثمارية! البودكاست هذا للترفيه فقط!تواصل معنا:wakib.podcast@gmail.comYouTube: https://www.youtube.com/channel/UCbHb1S8h2zolwu_m5Z7mLAAinstagram: https://www.instagram.com/wakib_podcasttwitter: https://twitter.com/WakibPodcasttiktok: https://www.tiktok.com/@wakib_podcast

Navegando el Espacio Cripto es tu noticiero semanal donde buscamos mantenerte al día de lo que ocurre en el ecosistema.Entérate de las noticias más relevantes de criptomonedas, Blockchain y Web 3.Súmate a nuestros streamings en vivo todos los lunes a las 7 p.m. hora de México.Espacio Cripto en Instagramhttps://www.instagram.com/espaciocriptopod/Espacio Cripto en Telegramhttps://t.me/joinchat/g9wpiyIXhEY2ODk5Espacio Cripto en Youtubehttps://www.youtube.com/channel/UCe23iMDaKg1vQi2bJz9fF1Q Sigue @sonoropodcast en todas las redes sociales.

Het Amerikaanse betaalbedrijf Circle brengt een euro-stablecoin op de markt. Circle kennen we van de (op dit moment) meest betrouwbare stablecoin USDC. Nu kiest het bedrijf om op dezelfde manier ook euro's aan te houden. Is hier markt voor? En misschien nog wel belangrijker: hoe interacteert deze nieuwe munt met de aankomende MiCAR? Ook bespreken we de capitulatie op de cryptomarkt en het drama rond leenplatform Solend. Gasten Bert Slagter Peter Slagter Links Circle introduceert Euro-stablecoin Tether komt met nieuwe audit Leenplatform Solend ook in de problemen Video YouTube Host Herbert Blankesteijn Redactie Daniël Mol See omnystudio.com/listener for privacy information.

Durante il caffè di oggi parleremo di: La Russia vuole sostituire lo Swift con la blockchain; Solend, la piattaforma di prestito basata su Solana, potrebbe essere a rischio; Ucraina raccoglie $100K vendendo un CryptoPunk; Tether fa chiarezza sulle sue riserve. --- Support this podcast: https://podcasters.spotify.com/pod/show/cryptoland/support

Heya Cryptozens, Tonight's Show: Celsius Pursued by Regulators UK Walks Back Unhosted Wallet Regs Solend Reverses Decision to Control Whale Account Crypto Job Watch It's 10 PM Pacific time and the date is June 20th, 2022. And welcome back to the Crypto Overnighter. My name is Nikodemus, I'll be your host. The cover model, mascot and co-host for this podcast is Tex and together we take a nightly look at the crypto, nft and metaverse space and the industry that surrounds it. Take a minute, go ahead and subscribe to the podcast now, because we're here at 10 PM every night so that when you leave in the morning, you're taking with you, the crypto news analysis you need to start your day.  And keep in mind, nothing in this show should ever be considered financial advice. Email: crypto.overnighter@gmail.com Salem Friends of Felines: https://sfof.org/ Twitter: https://twitter.com/CryptoCorvus1 Torum: https://www.torum.com/u/corvusforge

Today's blockchain and cryptocurrency news Brought to you by web 3 with a16z (https://podcasts.apple.com/us/podcast/web3-with-a16z/id1622312549) Bitcoin is down .5% at $20,636 Ethereum is down 1% at $1142 and Binance Coin is down .5% at $214 Avalanche, up 16% Maker up 18% Aave up 20% Solend vote chaos Noah Davis joins Yuga Labs Elon says he'll continue supporting Doge Michelle Bond — head of ADAM to run for congress.

On Sunday, the crypto lending platform Solend launched a governance vote titled “SLND1 : Mitigate Risk From Whale.” It allowed Solend to reduce the risk the whale's liquidation poses to the market by letting the lending platform access the whale's wallet and letting the liquidations happen over-the-counter.Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gave Solend Labs “emergency powers” to access a whale's wallet to avoid liquidation. #Solana #Crypto #bitcoin ~Solana Risks Epic Crypto Crash | Crypto Lending Dead?~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook

With so many hacks, bankruptcies, and now supposed crypto liquidity issues on exchanges, you should never leave your crypto on exchanges or any platforms other than your own wallet. Let's talk about Celsius & Solend.

With so many hacks, bankruptcies, and now supposed crypto liquidity issues on exchanges, you should never leave your crypto on exchanges or any platforms other than your own wallet. Let's talk about Celsius & Solend.

Hey Solanians….. How are you? The markets haven't moved a lot post-crash. It definitely seems like the long crypto “winter” is about to set in. This is the fifth episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are Serum, mSOL, Raydium and Solend. This episode was recorded on May 24th 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents. Solend launches a Stepn vault and Marinade launches their gauges dashboard... These stories and more on today's episode.  I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://www.web3wire.news/post/marinade-introduces-validator-gauges?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com (Marinade Introduces Validator Gauges) https://tribeca.so/gov/mnde/nftgauges/validator/all (Marinade | All Validator Gauges) https://twitter.com/MarinadeFinance/status/1528530170310713344?s=20&t=mfbPFgjB5L-rn-TujHmXCQ (Marinade Updates) https://twitter.com/solflare_wallet/status/1526956757800583168?s=20&t=mfbPFgjB5L-rn-TujHmXCQ (RAY notifications on Solflare) https://app.ratio.finance/dashboard/available-vaults (Who is Ratio Finance?) https://twitter.com/ProjectSerum/status/1527929706783264769 (Serum Weekly Update) https://medium.com/serum-stories/serum-and-burnt-finance-9e3002664cb5 (Serum and Burnt Finance) https://twitter.com/LiftMarkets/status/1528646697261449217?s=20&t=mfbPFgjB5L-rn-TujHmXCQ (Solend has a Stepn Vault) https://www.shadows.link/#/ (Shadows Network) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email

Hey Solanians….. How are you? Elon Musk buying Twitter, Indonesia banning exports of Palm oil and continuous lockdowns in China. So much affecting Cefi and Defi. This is the fourth episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index (SOLI). They are mSOL, Serum, Raydium, Tulip, Fabric, Solend and the UXP Governance Token. This episode was recorded on April 26th 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents. Hawksight launching on Acceleraytor, Solend going down the Aave path and Squads Protocol... These stories and more on today's episode.  I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://forum.marinade.finance/t/mdao-proposal-unstake-issue-compensation/156/20 (mSOL Unstake Issue Compensation) https://hawksight.co/#/ (Hawksight) https://twitter.com/ProjectSerum/status/1517594104703553537?s=20&t=hbjSFQRahwjC42HFZ5F17A (This Week in Serum) https://tulip.garden/vaults (Auto Vaults) https://uxdprotocol.medium.com/fdv-a-tale-of-two-minds-cd417c444882 (Fully Diluted Valuation) https://www.web3wire.news/post/project-insight-solend-the-interest-rate-machine-on-solana?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com (Project Insight: Solend - The Interest Rate Machine on Solana) https://twitter.com/official_fabric (Fabric

Hey Solanians….. How's the end of your week going? Sorry for the switcheroo this week. I had to interview my coworker Jason before he left for the big conference in Miami. This is the third episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are mSOL, Serum, Raydium, Tulip, Fabric, Solend and the UXP Governance Token. This episode was recorded on April 7th 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents. Marinade's NFTs have launched, Nirvana Finance launching on Raydium, UXP and Fabric join SOLI... These stories and more on today's episode.  I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://twitter.com/MarinadeFinance/status/1511400659538657281?s=20&t=gmnG6bHCU2CDZpiBWCsg-A (Lending and Leveraged Trading of mSOL) https://raydium.medium.com/nirvana-is-launching-on-acceleraytor-6661c7b71e99 (Nirvana Launching on Acceleraytor) https://serumecosystem.xyz/introducing-serum-nft-ecosystem/ (Serum NFT Ecosystem) https://twitter.com/TulipProtocol/status/1509836889192341506?s=20&t=gmnG6bHCU2CDZpiBWCsg-A (Tulip is Buying Back) https://uxd.fi/ (What is UXD Protocol?) https://twitter.com/solendprotocol/status/1511872449545080835?s=20&t=gmnG6bHCU2CDZpiBWCsg-A (Solend has the highest UXD yields) https://www.web3wire.news/post/fabric-launches-zap-powered-by-jupiter-and-raydium?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com (Fabric Launches ZAP Powered by Jupiter and Raydium) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email

Hey Solanians….. How's the start of your week going? It is quite hot here in Taiwan and I'm sure the sun is doing its best job to blind me in my study. This is the second episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are mSOL, Serum, Raydium, Tulip, and Solend. This episode was recorded on March 15th 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents.Marinade leads liquid staking on Solana, Serum discusses composability and Solend has a DOG pool, finally... These stories and more on today's episode.  I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer at tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem.  News Covered Today: https://tokens.amun.com/token/SOLI (SOLI Price Action) https://news.bitcoin.com/more-than-80-of-funds-locked-in-decentralized-finance-kept-on-5-chains-21-different-defi-protocols/ (More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols – Defi Bitcoin News) https://twitter.com/MarinadeFinance/status/1502501889350397954?s=20&t=UN_1gNpCfmAnR77xm5BsNg (Marinade Docs available in Chinese) https://dex.aldrin.com/pools/NEAR_mSOL (NEAR-mSOL pool launched on Aldrin) https://www.web3wire.news/post/composability-takes-centerstage-at-serum-hackathon-panel?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com (Composability Takes Centerstage at Serum Hackathon Panel) https://raydium.medium.com/zebec-is-launching-on-acceleraytor-410d87988f37 (Zebec is Launching on AcceleRaytor | by Raydium | Mar, 2022 | Medium) https://tulip.garden/vaults?src=Home (TULIP Vaults) https://twitter.com/samoyedcoin/status/1501928097893044226?s=20&t=M4rwPDbDtahKy9T26CPt_Q (Solend's Dog Pool) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://www.reddit.com/r/AmunTokens/ (Reddit) Email

Hey friends….. How's your week going. It's the middle of the week so only a few days until the weekend. This is the first episode  of our SOLI focused segment of the Inside Crypto podcast. In this series we plan to cover the latest news regarding the constituents of our Solana Ecosystem Index. They are mSOL, Serum, Raydium, Solend, and Tulip Protocol. This episode was recorded on February 23rd 2022.  The first thing we will always dive into, is the price action of the week and then go through any major news items with regards to the constituents. Geopolitics and economics news seem to be the keywords of the week. People seem to be cashing out for fear of something. Despite that, all our constituents are rolling out improvements and new features across the board. These stories and more on today's episode.  I have to mention that nothing in this episode constitutes financial advice. Please do your own research. Anything said here is my own opinion and not to be connected with my employer. But I am forever grateful to them for helping make this podcast a reality so please do check out our website and tokens we offer and tokens.amun.com. Thanks everyone for listening and don't forget to tune in next week where we help you to get to grips with what is going on in the Solana Ecosystem. 

Solend is one of the leading lending protocols on Solana. In this episode 0xOdia shared with us their vision and mission as a DeFi primitive, including powering more developers to build on top of Solend. We also chatted about their product strategy (such as the selection of the assets), partnerships and GTM strategy. You'll also hear about some fun pros and cons of being an anonymous team. It was a very chilled conversation to have on a Friday! Twitter: @solendprotocol / @0xodiaWebsite: https://solend.fi/ For more information about Multicoin Capital, please visit https://multicoin.capital/. Important Disclaimers: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion and do not represent the opinions of Multicoin Capital in any way. This podcast is for informational purposes only and should not be construed as investment advice. Multicoin Capital may hold positions in some of the tokens and/or companies discussed on this show. Solend 是 Solana 上领先的借贷协议之一。在这一集中，0xOdia 与我们分享了他们作为 DeFi 原语的愿景和使命，包括支持更多开发人员在 Solend 之上进行开发。我们还聊了聊他们的产品策略（比如资产的选择）、合作伙伴和市场触达策略。您还会听到作为匿名团队开发的一些有趣的利弊。这是一场在周五进行的一次非常轻松愉快的谈话！ 推特: @solendprotocol / @0xodia网站: https://solend.fi/ 更多信息，请移步官网https://multicoin.capital/zh重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法，并不代表Multicoin Capital官方的观点。此播客仅用于提供信息，不作为投资参考。Multicoin Capital有时可能会在此节目中讨论的某些代币或公司中持有头寸。

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: Analyzing the market drawdown Twitter-native NFTs + Crypto Coven LooksRare — real or BS? Solana's disappointing network performance What broke during the market downturn: OHM, Solend, and MakerDAO Predictions for market action going forward   Episode Links   Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra  Robert Leshner, founder of Compound  https://twitter.com/rleshner    Background on certain topics covered: Twitter NFTs https://www.theblockcrypto.com/post/131052/twitter-begins-rolling-out-access-to-nft-profile-pictures Loot adding royalties https://twitter.com/DappRadar/status/1486005954520907778 LooksRare versus OpenSea https://dune.xyz/hildobby/LooksRare-VS-OpenSea Tom's issue w/ Dune queries https://twitter.com/tomhschmidt/status/1485721279663534082 Robert and his Crypto Coven NFT https://twitter.com/rleshner  Rune's tweet about MakerDAO https://twitter.com/RuneKek/status/1484663000443371520  Solana's poor performance https://www.theblockcrypto.com/post/131278/traders-are-complaining-about-solanas-performance-raising-questions-about-its-status-as-a-wall-street-darling https://twitter.com/solendprotocol/status/1485315186797936646?s=21 Block's DEX https://www.coindesk.com/business/2021/11/19/square-releases-white-paper-detailing-protocol-for-a-decentralized-bitcoin-exchange/ 

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: Analyzing the market drawdown Twitter-native NFTs + Crypto Coven LooksRare — real or BS? Solana's disappointing network performance What broke during the market downturn: OHM, Solend, and MakerDAO Predictions for market action going forward   Episode Links   Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra  Robert Leshner, founder of Compound  https://twitter.com/rleshner    Background on certain topics covered: Twitter NFTs https://www.theblockcrypto.com/post/131052/twitter-begins-rolling-out-access-to-nft-profile-pictures Loot adding royalties https://twitter.com/DappRadar/status/1486005954520907778 LooksRare versus OpenSea https://dune.xyz/hildobby/LooksRare-VS-OpenSea Tom's issue w/ Dune queries https://twitter.com/tomhschmidt/status/1485721279663534082 Robert and his Crypto Coven NFT https://twitter.com/rleshner  Rune's tweet about MakerDAO https://twitter.com/RuneKek/status/1484663000443371520  Solana's poor performance https://www.theblockcrypto.com/post/131278/traders-are-complaining-about-solanas-performance-raising-questions-about-its-status-as-a-wall-street-darling https://twitter.com/solendprotocol/status/1485315186797936646?s=21 Block's DEX https://www.coindesk.com/business/2021/11/19/square-releases-white-paper-detailing-protocol-for-a-decentralized-bitcoin-exchange/ 

Today I'm chatting with Rooter from Solend. Rooter and his team have built the largest borrow lend platform on Solana and they're looking to continue innovating with some exciting new features such as isolated lending pools. I really enjoyed catching up with Rooter to chat with him about how Solend started, his background, why they have medieval lithography art, his spicy memes and much more! ------

Linda Solend Västerlund forteller litt av sin historie i denne episoden. Om å lykkes med livsstilsendring, trening og å finne ein jobb hun elsker. Du får også gode tips om korleis du eventuelt kan komme i gang med trening og sunt kosthold. Slå følge med Linda på: https://www.instagram.com/pt_lindasolend/

Hi everyone, it's Crian and I am back with a super special episode of the Inside Crypto podcast. Today we meet some of the constituents of our upcoming SOLI index token as part of the AMA we did this past week . In this episode you will listen to representatives from Solend, Mercurial and Tulip. You will also hear from James (Head of Tokens), Zoe ( a Research Associate) and Tyler ( our Marketing Manager).  This episode was recorded on December 16th 2021. In our continuing effort to engage with our community and the Solana community as a whole, we held an AMA this past week. If you missed it then this is the perfect chance to enjoy the discussion where we talked about, what exactly is Solana? Why Solana development is interesting? Why did Solend, Mercurial and Tulip choose Solana and many other questions.  Before we get started, I would like to thank my employer Amun Tokens for making podcasts like this happen. Please don't forget to check us out and our products at tokens.amun.com.  Thanks everyone for listening and don't forget to tune in next week where we interview someone else in the cryptocurrency universe and ask all those burning questions you're dying to ask. https://medium.com/amun-tokens/introducing-soli-the-solana-ecosystem-index-a111896a599 (SOLI Proposal) Follow Us On: http://www.amun.com (Website) https://twitter.com/Amun (Twitter) https://discord.gg/EDufcYpseD (Discord) https://t.me/AmunTokens (Telegram) (English) https://t.me/AmunTokensCN (Telegram (Chinese)) https://www.reddit.com/r/AmunTokens/ (Reddit) Email Protocol's Socials: https://tulip.garden/static/media/twitter.72f0aba1.svg (Tulip's Twitter) https://tulip.garden/static/media/discord.a9be9626.svg (Tulip's Discord) https://twitter.com/solendprotocol (Solend's Twitter) https://discord.gg/aGXvPNGXDT (Solend's Discord) https://twitter.com/MercurialFi (Mercurial's Twitter) https://discord.gg/WwFwsVtvpH (Mercurial's Discord) https://twitter.com/JupiterExchange (Jupiter's Twitter) https://discord.gg/jup (Jupiter's Discord)

iTrustCapital | Get $100 of Bitcoin when you sign up using our custom link! ➜ https://bit.ly/iTrustPaulThe Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. The networks adoption has been rapidly expanding. Solana can purportedly handle 50,000 transactions per second, which is significantly faster and cheaper than the Ethereum blockchain. On this episode, we're breaking down the best projects to watch based on sentiment and amplification data on the Solana Network: Star Atlas, Raydium, SolFarm, Solend, Solanium, and Audius to name a few.#Solana #StarAtlas #SOL~Solana Ecosystem Sentiment Rankings | Star Atlas, Raydium, SolFarm, Solend, Solanium, & Audius~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook