Bankless
23 - Investing in DeFi | Joey Krug
Jul 27, 2020
Joey Krug, co-founder of Augur and investor at Pantera Capital, dives deep into the evolving landscape of DeFi. He shares insights on the investment thesis for crypto, exploring the controversy around yield farming and the role of DeFi oracles like Chainlink. Krug discusses Ethereum's triple point asset thesis and the future of decentralized finance, touching on innovations like Ampleforth. With a focus on simplifying fiat on-ramping and navigating investment strategies, this conversation highlights the dynamic nature of the DeFi ecosystem.
01:30:28
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Quick takeaways
- Investing in DeFi involves understanding Joey Krug's crypto thesis.
- Yield farming may not be a sustainable investment strategy in DeFi.
Deep dives
Augur's Strength in Security Guarantees
Augur offers robust settlement guarantees, ensuring high security in outcomes, even if it takes a longer time for resolution compared to faster models. Its strength lies in providing economic security, requiring significant stake to falsify results, ensuring integrity in outcome payouts.
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