Yield Farming, DeFi, Risks & Opportunities with Kain Warwick of Synthetix

Yield Farming, DeFi, Risks & Opportunities with Kain Warwick of Synthetix
Today we welcome back Kain Warwick from Synthetix to discuss all the latest innovation, developments, news & projects in within Ethereum’s DeFi ecosystem. Decentralised finance or “DeFi” has been gaining attention & more importantly real world traction in recent months. With terms like DeFi yield farming or farming DeFi yield, popping up, hopefully this interview will explain their meanings, bring you up to speed, help you stay informed & aware of the associated risks. This was a fantastic chat covering everything you need to know about the Ethereum DeFi industry boom! #Ethereum #DeFi #FarmingYield

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0:00 Introduction to yield farming
1:20 DeFi vs. open finance
4:15 Multi-dimensionality of the decentralisation spectrum
6:00 Synthetix Improvement Proposals (SIPs)
10:55 BTC Curve liquidity pool by Synthetix, Curve & Ren
13:30 Tokenised bitcoin on Ethereum
13:55 About Synthetix’s synthetic bitcoin (sBTC)
17:40 Stablecoin ecosystem & liquidity pools
18:25 How Synthetix started incentivising liquidity for sETH/ETH pool on Uniswap
20:40 Purpose of Uniswap-style AMM pools
23:30 Why is APY so high?
23:30 Risks of yield farming
28:45 Ethereum scaling solutions
31:10 Optimism–Synthetix collaboration
32:45 Understanding Ethereum gas prices
35:10 Yield farming projects
37:50 Curve’s AMM mechanism
41:20 Bank Frick as the last mile
44:15 Digital Thickshake Theory
46:00 What’s ahead for Synthetix


Glossary of Terms: https://nuggetsnews.com.au/resources/glossary/
ETH 2.0 Explained: https://youtu.be/sQAKlpGEHw8
ETH Staking Explained: https://youtu.be/mnRfRF5vkwc
How To Be Your Own Bank: https://youtu.be/gq9T2vLiDig
dYdX Tutorial: https://youtu.be/OujtW5FmcFo
Maker CPD Tutorial: https://youtu.be/sLRDWTtNC04

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Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind.

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