Bankless The Element Airdrop & DAO Launch | Will Villanueva & Jonny Rhea
Apr 6, 2022
Will Villanueva, CEO of Element Finance, and Jonny Rhea, CTO, discuss the revolutionary Element protocol designed to enhance Ethereum's yield markets. They unveil the ELFI airdrop and the innovative zero-knowledge claim process that ensures privacy. The duo dives into governance techniques using NFTs, voting vaults, and the emergence of flexible council memberships in DAOs, emphasizing the importance of community participation. They also explore strategies to maximize Ethereum staking yields, predicting rates could soar post-merger.
AI Snips
Chapters
Transcript
Episode notes
Element Finance Overview
- Element Finance offers fixed and variable yield markets, including ETH staking yield.
- The Element DAO launch introduces new governance primitives and models.
Leveraging Element for Bullish ETH Positions
- If you're bullish on ETH and it offers yield, buy ETH at a discount through Element.
- Lock in ETH for a fixed period, benefiting from potential price appreciation.
Element Airdrop Distribution
- Element's airdrop rewarded users proportionally to their interaction with the protocol.
- This approach aimed for simplicity and avoided subjective decisions.