Going Bankless with Compound | Robert Leshner

Episode: #11
May 11, 2020

Your savings account, your high-yield bank deposits, a CD. Can we replace these bank functions with a protocol?

Compound seems to think so. Compound is a two-sized money robot that provides borrowing and lending to create something new: interest. Learn what it does, why it’s powerful, and how it’s evolving as we talk with Robert Leshner. We even ask if there’s a way for the community to get its hand on some Comp tokens and start shaping the future of the protocol.

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We cover:

– What you can do w/ Compound
– Power of programmable interest
– How Compound’s different than:
– WellsFargo (traditional banks)
– Maker (other protocols)
BlockFi (crypto banks)
– If crypto banks will out-compete DeFi
– How you can get COMP tokens
– Future of protocol politicians
– The protocol sink thesis
– Robert’s biggest fear for DeFi
– How the Bankless community can help

This is our final of three episodes in the ”King Money Protocols Series” where we talk through the three most important DeFi protocols. Catch up on Episode 10 and Episode 9 if you missed them.

Before the episode begins we also talk about:
Tron stealing our tax money
– What wBTC backing means for DAI

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SUBSCRIBE TO BANKLESS PROGRAM:
https://bankless.substack.com/

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EPISODE ACTIONS:

1) Try earning interest on Compound
2) Stay tuned for governance opportunities:
3) Subscribe to this YouTube channel!

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EPISODE RESOURCES:

Compound protocol – interface
https://compound.finance/

Dharma – build on Compound
https://www.dharma.io/

Compound governance – interface
https://compound.finance/governance

Ryan’s voting record – two votes!
https://compound.finance/governance/address/0xfdaae0c5a7a56c8265b9f86cf8cd934a494e3733

Read:
How to get a Dai savings Rate – include Compound
https://bankless.substack.com/p/how-to-get-a-dai-saving-account

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LEVEL UP FASTER:

Subscribe to the Bankless newsletter program
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Visit official Bankless website for resources
http://banklesshq.com/

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