In today's episode, Tim speaks with Publius, the anonymous founder(s) of Beanstalk, a decentralized credit based stablecoin protocol uses a new and novel method of pegging their native currency $BEAN, to the value of $1. Together they discuss the purpose that stablecoins play in the cryptocurrency markets and what makes Beanstalk so innovative.
Beanstalk Farms Twitter: https://twitter.com/BeanstalkFarms
Publius' Twitter: https://twitter.com/isthispublius
01:06: What is the purpose of a stablecoin in the world of cyptocurrency? And what problem do they solve?
04:30: Collateral & Credit based stablecoins
07:00: The problem with collateral based stablecoins
08:00: How Beanstallk's credit based stablecoin works
10:05: The success of Tera Luna
11:15: Digging in on the volatility and cost of borrowing for stablecoins
15:40: What drew Publius into the world of finance
18:30: How do you explain DeFi to newcomers?
23:45: How can people engage with Beanstalk?
26:20: The mechanics of Beanstalk's borrowing
30:15: The Beanstalk DAO & How Beanstalk stablises the cost of BEAN to $1
36:00: Incentivising people to remain invested in Beanstalk
37:45: The journey for a first time user getting involved with Beanstalk
42:00: Clarifying terms and the user journey
43:30: What can I use Beans for?
48:00: The vision for Beanstalk's future
51:15: Where do you see the future of DeFi?
55:30: What does Publius think about NFTs?
57:00: What would Publius do with $100 million to spend on a social programme with no red tape?
Disclaimer: This podcast is for information purposes only. This should not be relied upon as a basis for investment decisions.