Bankless SotN#22: BONDING! w/ Collin Myers (ETH Internet Bond Market, Staking Returns, ETH Needed to Retire?)
Nov 11, 2020
Collin Myers, Global Strategy Lead at ConsenSys Codefi and an expert in ETH2 staking, dives into the innovative world of Ethereum and internet bonds. He explores the new staking system as a productive investment yielding returns in ETH. The discussion highlights the evolving dynamics of Ethereum's growth, contrasting traditional bonds with digital alternatives. Collin emphasizes the significance of ETH2 bonds, their perpetual nature, and the potential for passive income, while offering insights on using staking profits for retirement, all against the backdrop of a rapidly changing DeFi landscape.
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ETH as an Internet Bond
- Staked ETH functions as a decentralized bond, a new financial instrument.
- ETH could potentially capture a portion of the massive traditional bond market.
ETH as Risk-Free Rate
- ETH staking yield could become the risk-free rate for the decentralized economy.
- This parallels the role of T-bills as the risk-free rate in traditional finance.
David's Motivation
- David Hoffman's interest in crypto stemmed from the potential for passive income.
- He sees ETH staking as a return to the early days of at-home mining.