Discussing Defi with Brian Kerr of Kava Labs

Discussing Defi with Brian Kerr of Kava Labs

Discussing Defi with Brian Kerr of Kava Labs

We are the blockchain blockheads, the crypto clowns and the defi dufi.  Defi is a big deal as Ethereum finds it’s sweet spot. In episode 518,  we welcome Brian Kerr of Kava Labs to the show to discuss all the beautiful ways you can earn interest in your cryptos with decentralized finance. And who doesn’t like interest?  So unless you are uninterested in interest you will be interested in how interesting our discussion with Brian will be on our super interesting episode #518 of The Bad Crypto Podcast.

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AnyTask.comThe AnyTaskTM Platform, a freelance marketplace, is the only place that allows freelancers to sell digital Tasks and earn ETN, Electroneum Ltd’s cryptocurrency; alleviating the need for a bank account and with no fees for Sellers.

Are you an artist, illustrator, designer, or animator? AnyTask.com is looking for artists like you to join their new NFT category. NFTs are digital assets that represent a variety of unique items, including digital art – which is where you come in. You don’t need to have any technical knowledge at all, your skills as an artist are exactly what the AnyTaskTM Platform are looking for to grow this category and meet the demands of Buyers.

The ETN-Network has gained widespread adoption as a mobile-first payment solution for global eCommerce applications and over the last three years has attracted more than 4 million users worldwide.

 

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FEATURED GUEST:

Brian KerrBrian Kerr, CRO & Co-Founder, Kava Labs

Brian Kerr is a seasoned entrepreneur who came fell into the crypto sector by way of e-sports and that’s what led him to explore decentralized finance.

Brian started his career as Founder and CEO of Fnatic Gear, a company that Forbes valued at $175 Million, makes peripherals and hardware, designed by the world’s best Gamers. As a gamer himself he found value in the premise of NFTs and gaming which lead him to the world of crypto. Soon he saw the demand for open banking where he created Kava, a decentralized finance platform for crypto.

About Brian: https://disruptmagazine.com/kava-ceo-brian-kerr-shares-the-top-five-crypto-trends/

Kava is the most trusted DeFi platform by financial institutions. Securely access a robust suite of DeFi products and services in one safe and seamless integration. A fully integrated suite of financial products for crypto.

Kava brings together everything that’s required to do frictionless decentralized finance. Many companies have already integrated with Kava’s DeFi platform to allow their users to lend, invest, and earn with crypto.

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Giving Away Bitcoin with Jeff Garzik

Giving Away Bitcoin with Jeff Garzik

Giving Away Bitcoin with Jeff Garzik

Every now and then someone tells us that we are OGs of crypto. We have to remind them that while we have been in the space for four years, we’re relatively green compared to the real OGs. Take, for example, Jeff Garzik. 

One of the earliest contributors to Bitcoin, Jeff once gave away over 15,000 Bitcoin for developer bounties. And while he isn’t handing out Bitcoin today, he is dropping stories and knowledge for the past, present and future of the daddy of all cryptocurrencies. 

Jeff joins us today for an interesting and entertaining walk down memory lane, and we’ve got a free NFT giveaway for listeners to commemorate this episode.

Yeah, we know the title of this episode is linkbaity. It’s our show and we’ll bait if we want to! And now that you’re here, we think you’ll be glad that you stuck around for episode #515 of The Bad Crypto Podcast.

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Animoca Brands -- The global leader in branded blockchain gaming

Animoca is working to revolutionize the gaming industry with huge hits such as F1 Delta Time, Gamee, The Sandbox, Crazy Defense Heroes, and tons of other ones in the works! If you’re a gamer or just interested in knowing what Animoca Brands is up to go check them out today!

Check it out at Animoca Brands!

What if there was a platform that let you take control of all kinds of investment opportunities? PrimeXBT offers crypto trading, commodities, stock indices, and even foreign currencies! 

Let PrimeXBT be your one-stop shop for all of your trading needs. Check them out at PrimeXBT and get a 50% bonus on your first deposit! Remember to use the promo code “badcryptopodcast

FEATURED GUEST:

Jeff Garzik, Co-founder, Vesper; Co-founder & CEO Bloq

Jeff has long been at the center of developing and commercializing open source software related to Bitcoin and blockchain technology. As the co-founder and CEO of Bloq, he has led the design and development of the company’s blockchain infrastructure and DeFi projects. Bloq’s most recent project Vesper — an easy-to-use DeFi yield aggregator — achieved more than $1 billion in assets deposited just six weeks after its February launch.

Before co-founding Bloq, Jeff spent five years as a Bitcoin core developer and ten years at Red Hat. His work with the Linux kernel is now found in every Android phone and data center running Linux today. Jeff serves on the advisory boards of BitPay, BitFury, Netki and WayPaver Labs.

Among the earliest contributors to Bitcoin, the 15,678 BTC Jeff gave away in developer bounties is today worth more than $845 million. (Mar. 26, 2021)

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Fun Facts about Jeff: 

  • He’s worked closely with both Linus Torvalds (the creator of the Linux project) and Satoshi Nakamoto.
  • In Bitcoin’s early days, he gave away 15,678 BTC in developer bounties. Worth about $925M today. (No, he has absolutely zero regrets.) 
  • Chances are good that, if you’ve interacted with a Linux-powered or Android-powered device, you’ve interacted with code he has written. 
  • His current project is Vesper, which makes participating in DeFi as easy as picking a fund in a 401k. In just six weeks after the end of the beta period, it now handles $1.6 billion in crypto users’ assets. #1 asset on DeFi Pulse and around #11 DeFi project overall. 



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Crypto Chat with OG Jamie Burke

Crypto Chat with OG Jamie Burke

Crypto Chat with OG Jamie Burke

Original gangstas. There’s a small number of them in the Bitcoin world.  In episode 499, we speak with one of them about all things crypto.  From Bitcoin and Ethereum to DefI and NFTs, Jamie Burke has many thoughts and words to share.

We have some decent questions as well. Some are more decent than others. Some may be indecent. We talk. You decide.

Thoughts and words are coming your way, so fasten your seatbelt and don’t forget to check your rearview mirror for episode #499 of The Bad Crypto Podcast.

Ways to connect with Bad Crypto

SHOW SPONSORS

 

AnyTask.comThe AnyTaskTM Platform, a freelance marketplace, is the only place that allows freelancers to sell digital Tasks and earn ETN, Electroneum Ltd’s cryptocurrency; alleviating the need for a bank account and with no fees for Sellers.

Are you an artist, illustrator, designer, or animator? AnyTask.com is looking for artists like you to join their new NFT category. NFTs are digital assets that represent a variety of unique items, including digital art – which is where you come in. You don’t need to have any technical knowledge at all, your skills as an artist are exactly what the AnyTaskTM Platform are looking for to grow this category and meet the demands of Buyers.

The ETN-Network has gained widespread adoption as a mobile-first payment solution for global eCommerce applications and over the last three years has attracted more than 4 million users worldwide.

 

Kava is the most trusted DeFi platform by financial institutions.Securely access a robust suite of DeFi products and services in one safe and seamless integration. A fully integrated suite of financial products for crypto.

Kava brings together everything that's required to do frictionless decentralized finance. Many companies have already integrated with the Kava's DeFi platform to allow their users to lend, invest, and earn with crypto.

 

What if there was a platform that let you take control of all kinds of investment opportunities? PrimeXBT offers crypto trading, commodities, stock indices, and even foreign currencies! 

Let PrimeXBT be your one-stop shop for all of your trading needs. Check them out at PrimeXBT and get a 50% bonus on your first deposit! Remember to use the promo code “badcryptopodcast

FEATURED INTERVIEW

Jamie Burke, is an early investor in Bitcoin, Ethereum & NFTs.

Founded Outlier Ventures, the 1st blockchain investment fund in Europe, in 2016: exploring dCommerce and The Open Metaverse OS. Now accelerating 50+ startups a year (from 1.5k+ inbound applications) across NFTs and DeFi.

The protagonist at The 100xARt collective, Decentraland district, and DAO.

Podcaster, keynote speaker, panelist, and media commentator.

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How Liquidity Continues to be DeFi’s Biggest Challenge

How Liquidity Continues to be DeFi’s Biggest Challenge

How Liquidity Continues to be DeFi’s Biggest Challenge

Guest Blog Post By: Andrew Rossow, Esq.

DeFi has come so far over the last few years that it’s hard to imagine the entire concept barely existed a few years back. Amid all of this year’s excitement, including the almost weekly headlines about some hack or market manipulation trick, it’s easy to lose sight of the journey that DeFi has been on to date and what it continues to be all about – chasing liquidity.

DEXs – The Beginnings of DeFi

One of DeFi’s main roots can be traced back to the concept of decentralized exchanges. DEXs emerged to allow users to bypass centralized exchanges, which had become honeypots for hackers. The narrative was that using a DEX would be far more secure, as no centralized party was holding onto funds. Instead, users could trade tokens while keeping control of their own private keys. Smart contracts would enable decentralized and trustless trading and be more in keeping with the spirit of crypto.

Unfortunately, it wasn’t quite as simple as Field of Dreams“if you build it, they will come.” Early iterations of DEXs, such as IDEX and Etherdelta, weren’t user-friendly and lacked the marketing resources of their centralized cousins. Furthermore, as they relied on an order book, users who braved the switch to a DEX found a significant lag in matching orders due to low liquidity.

To add to the friction, most tokens on these Ethereum-based exchanges were available in limited pairs. So if you wanted to trade token A for token B, you’d first have to swap token A to ETH and then swap your ETH to token B. Not exactly a seamless user experience.

Perhaps the worst issue, though, is that the low liquidity on DEXs made them magnets for those wanting to engage in market manipulation.

The next generation of DEXs emerged as a solution to this challenge, introducing terms such as automated market makers and liquidity pools to the crypto lexicon. Uniswap and Bancor were among the first movers. The idea was to ditch the order book and use an intermediary token, ETH in the case of Uniswap, to facilitate trading between two tokens of lower liquidity. The benefit was that this trade took place in the background, so from a user perspective, it made it possible to swap any ERC20 token for any other ERC20 token.

The Rise of DeFi

Along with the rising popularity of platforms such as Maker and Compound, the concept of DeFi started to gain traction throughout 2018 and 2019.

Nevertheless, liquidity was still an issue capable of causing problems. At the start of 2020, as DeFi began to approach $1 billion in total value locked, several protocols were using Uniswap for price discovery. In the first instance of a flash loan attack, a user managed to take advantage of low liquidity in the Uniswap ETH-WBTC pool, executing a pump-and-dump move that netted the attacker over $300,000 from lending app bZx.

Over the summer, the term “vampire attack” emerged to describe a new and fairly nefarious way for a project to suck liquidity out of another, longer-established protocol. The first such instance was SushiSwap, which provided token-based incentives to liquidity providers on Uniswap before migrating the liquidity to its own platform.

Liquidity is an Ongoing Challenge

As DeFi approaches $15 billion in value locked, the current narrative is that the sector is awash with liquidity. However, with some perspective, that’s evidently not the case. While impressive in growth terms, $15 billion is only a fraction of Bitcoin’s total market cap, currently over $300 billion. The entire crypto sector’s market cap is small change compared to other global asset classes such as gold, which is worth over $10 trillion. By any measure, the value locked in DeFi is still relatively small.

Furthermore, even on closer inspection, it becomes evident that the liquidity locked in DeFi is highly centralized. Currently, the top five protocols by value locked hold over two-thirds of all the liquidity in DeFi.

So, despite all these developments, it’s evident that there need to be more and better mechanisms for helping to inject liquidity into the DeFi sector while also distributing it across newer and more promising protocols.

How CeFi Can Help

Intriguingly, the next chapter of this struggle for liquidity could see DeFi projects tapping into the liquidity already established in the CeFi markets. Stablecoin issuer TrustToken appears to have come up with an intriguing proof of concept. TrustToken has launched the TrueCurrency Liquidity Fund, which supplies TrueCurrencies directly into promising DeFi protocols. Approved projects can receive between $25k to $1 million of liquidity in up to five global fiat-backed stablecoins at no upfront cost.

The Liquidity Fund’s goal is to make it easier for developers to create new platforms by providing a base of liquidity and allows such platforms to attract more capital as the kickoff to a virtuous cycle of growth. It’s intended for DeFi projects that are starting up and have completed a code audit but need liquidity to reach the next level of growth. Liquidity and the support of an established partner like TrustToken can also help to attract new users and build trust for a new project. This will stimulate adoption and, in turn, more liquidity.

In September, the TrueCurrency Liquidity Fund allocated $1.5M to Uniswap liquidity across stablecoins backed by five currencies: US dollars, British pounds, Canadian dollars, Australian dollars, and Hong Kong dollars. Each is paired on Uniswap with TUSD (US dollar) at the moment, with the possibility for ETH pairs in the future, all ready to use immediately.

TrustToken’s Liquidity Fund is also supporting Balancer, currently a popular DEX but not yet one of the biggest in the space. Users can now swap global stablecoins in the TrueCurrency-backed Forex pool, into which TrustToken has injected $250,000 worth of its stablecoins.

From DEXs to today’s decentralized financial ecosystem, the narrative has always been to pit DeFi against its centralized counterparts. However, initiatives like TrustToken’s will hopefully serve to demonstrate that DeFi can benefit from the established liquidity available in the CeFi markets. If it works, perhaps DeFi’s liquidity woes will be consigned to the annals of crypto history.

Andrew L. Rossow is a millennial attorney, law professor, entrepreneur, writer, and speaker on privacy, cybersecurity, A.I., AR/VR, blockchain, and digital monies. He has written for many outlets, most notably Forbes and HuffPost

Connect with Andrew on LinkedIn

Uniswap and Beyond with Peter Girr

Uniswap and Beyond with Peter Girr

Uniswap and Beyond with Peter Girr

Just because the DeFi insanity has cooled down doesn’t mean DeFi is over. In fact, many believe it here to stay… just without the hype.  One of the big triggers for the DeFi craze happened when Uniswap surprisingly dropped at least 400 UNI tokens on users of the platform. 

In this episode, we are joined by Peter Girr, founder of Wisetoken. Peter has some great insights into DeFi, why the Uniswap event was so significant and what happens next in the DeFi world.

We’ve graduated from Defi Dufi to Defi Dingbats. Who knows where we will end up after this great conversation with Peter on our to Uniswap and Beyond episode #459 of The Bad Crypto Podcast. 

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Lattice is a digital asset exchange, unlike any other currently operating in the DeFi market. The team behind this project has designed the exchange focused on liquidity providers and the DeFi users alike. This protocol is built for security, speed, affordability, and scalability all from a decentralized governance – for a truly open financial network

To find out more, check out LATTICE.EXCHANGE and join their fast-growing community on Telegram to get in the know!

CoinZoom is a U.S. based, regulated — institutional-grade digital currency trading platform striving to bridge the gap between legacy FX, futures, stocks, and banking to make digital assets available to traders across the globe. Buy, sell, and trade crypto easily on the CoinZoom Exchange, and spend it seamlessly with the CoinZoom Visa debit card. Visit CoinZoom to register and get $10 in free crypto after meeting these requirements:

  • You must execute a single trade of $100 USD value or more and maintain a total balance of $100 USD equivalent or more in your account for at least 30 days.
  • These requirements must be complete within 90 days of creating a CoinZoom account.
  • The new referral program started on September 1, 2020. No referrals prior to this date will be eligible to receive $10 in ZOOM.

FEATURED GUEST:

Peter Girr is a real estate entrepreneur, Army National Guard soldier, and gamer-turned-crypto expert. The graveyard of bad crypto projects drove him to use his business acumen and military training as an intelligence officer to design a superior system. Based in Los Angeles, Peter is on a mission to teach every crypto user how to evaluate systems and invest wisely. 

Peter is the founder of Wise Token, the smartest decentralized staking platform in crypto. He comes from a strong military intelligence background and has 9 years of experience as a real estate professional. His portfolio includes investment properties in Pennsylvania, Los Angeles, and Colombia

 

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