Fundamentals

In this episode of the Fundamentals podcast, I’m joined by Michael Nadeau, a crypto data and research analyst and author of the DeFi report. In this episode with Michael, we explore how blockchains can be valued, especially from the perspective of more traditional and institutional investors. We discuss the main differences between traditional assets and crypto assets - focusing on L1 blockchains and their native tokens, the role of key metrics in analyzing these projects, we speak about market consensus and the roles of buy and sell-side analysts, the similarities and differences between blockchains and web2 businesses, and how comparisons can be drawn from specific key metrics. Mike also walks us through several valuation frameworks and how the can be applied to blockchains, and we wrap things up with thoughts on how he sees valuation frameworks developing now that institutions are slowly entering the space. Michael: Linkedin: https://www.linkedin.com/in/michael-austin-nadeau Twitter: https://twitter.com/JustDeauIt The DeFi report: https://thedefireport.io/#newsletter VanEck’s Ethereum analysis: https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-ethereum-price-target-118k-by-2030/ Ethereum’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/ethereum Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:00 Mike’s introduction & background 04:33 The main differences between a traditional asset (stock), and a crypto network (Ethereum) 09:05 The role of key metrics in analyzing assets (crypto vs. tradfi) 13:07 The typical roles and perspectives of buy-side and sell-side analysts 16:42 Conducting due diligence 18:18 Comparing Ethereum to traditional businesses like Apple and Amazon 21:58 Token incentives as a superior capital formation tool 27:25 Valuation methodologies: Robert Greer framework 30:47 Valuation methodologies: DCF analysis 32:21 VanEck’s Ethereum valuation methodology 34:45 Valuation methodologies: TAM analysis 36:25 Blockchains as economies & GDP analysis 38:59 How metrics like L2 take rate, App/Protocol layer take rate, and validator yield effect the value of an L1 blockchain 42:06 Closing thoughts: the future of valuation frameworks for crypto networks & the effects of institutions entering the space … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. #TokenTerminal #Blockchains #Ethereum

In this episode of the Fundamentals podcast, I’m joined by Darren Camas and Dimitar Dinev, the Co-Founders of IPOR Protocol. IPOR is a non-custodial exchange for interest rate swaps built on Ethereum. As a DeFi protocol, IPOR refers to a series of smart contracts that provide a benchmark interest rate and enable users to access Interest Rates Derivatives on the Ethereum blockchain. IPOR is an abbreviation for Inter Protocol Over-block Rate. It derives its name from major indices from traditional finance like the LIBOR - the London Interbank Offered Rate, and the SOFR - Secured Overnight Financing Rate and adapts it to DeFi. We discuss what IPOR is, how it works, its core value proposition, and its position within the market. Also, we dive into IPOR’s financials, the upcoming v2 of the protocol, the team behind the project, exciting upcoming developments, and more! IPOR Protocol’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/ipor-protocol IPOR: Site: https://www.ipor.io/ Twitter: https://twitter.com/ipor_io Darren: https://twitter.com/DarrenCamas Dimitar: https://twitter.com/DimitarDinev7 Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:51 What is the IPOR Protocol? 04:01 The core problem that IPOR solves 07:32 IPOR's product suite 09:17 Overview of the protocol's architecture 13:14 Why build on Ethereum? How is IPOR thinking about going multichain? 15:29 IPOR V2 22:55 State of the market & IPORs unique selling proposition 26:26 Founding story & the team building IPOR 32:00 Economic and business models 36:05 The IPOR token 38:17 The venture case for IPOR 39:27 Growth drivers & challenges 42:59 IPOR Power Tokens: innovating liquidity mining 45:25 ETH staking rate derivative … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

In this episode of the Fundamentals podcast, I’m joined by Arno Bauer, a Senior Solution Architect at BNB Chain. BNB Chain is a smart contract platform for decentralized applications and is currently the most widely used blockchain. BNB Chain is made up of an ecosystem of blockchains, comprising of the BNB beacon chain for staking and governance, the BNB smart chain which is an EVM-compatible smart contract settlement layer, zkBNB, a layer 2 zero knowledge scaling solution for developers to build large-scale BSC-based apps, and finally BNB Greenfield for decentralized data storage. In this episode with Arno, we discuss what the BNB Chain’s core value proposition is, what optimizations they have focused on, and how they are positioned within the market. Also, we cover how blockchains can be valued, how economic sustainability should be addressed, the most exciting things happening on the BNB Chain right now, who the core contributors behind the blockchain are, and more! BNB Chain’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/binance-smart-chain BNB Chain: Site: https://www.bnbchain.org Twitter: https://twitter.com/BNBCHAIN Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- ... Timestamps: 00:00 Introduction 02:28 BNB Chain’s core value proposition 02:59 The optimizations that BNB Chain has focused on 04:03 The problems that the BNB Chain solves for builders and users 05:30 An ecosystem of blockchains: Beacon Chain, BSC, ZkBNB, Greenfield 08:52 Internal product focus areas: scalability and decentralization 09:53 User activity, composition, and development 13:58 The blockchain market and BNB Chain’s position within it 15:38 Long-term vision for the BNB Chain 17:28 Core contributors behind the BNB Chain 18:43 Economic model 20:27 Economic sustainability 22:13 Value accrual to blockchain networks 23:59 What are the best metrics to measure/value a blockchain? 25:04 Are L1 blockchains economies, businesses, or something else? 28:17 Utility of the BNB token 29:17 Most exciting thing happening in the BNB Chain ecosystem 31:27 Growth drivers and challenges 35:18 Enhancing security in web3 ... Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.''''' #Fundamentals #Blockchain #BNB #BSC #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, I’m joined by Pablo, the Co-Founder of Angle Protocol – a decentralized Euro stablecoin protocol. In this episode with Pablo, we discuss what Angle is, how it works, its core value proposition, and its position within the market. We also get an overview of Angle’s smart contract infrastructure, how they ensure robust security, the team behind the project, the venture case for Angle - and Euro stablecoins in general - plans for the future, and more! Angle is a decentralized, capital-efficient, and over-collateralized stablecoin protocol that was launched in November 2021. Their stablecoin, agEURO, is currently the most liquid Euro stablecoin on the market. Angle’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/angle Angle: Site: https://www.angle.money/ Twitter: https://twitter.com/AngleProtocol Pablo: https://twitter.com/pablo_veyrat Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:50 Angle’s purpose 03:48 Angle’s product suite: agEUR, borrow, leverage, earn 06:54 Overview of Angle’s smart contract architecture 09:16 Angle’s multichain strategy & technical implementation 10:39 The Euro stablecoin market and Angle’s position within it 12:52 Angle’s unique selling proposition 14:02 The team building Angle 15:07 DeFi needs safer building blocks 15:49 Angle’s business model 18:05 The ANGLE token & its purpose 19:02 The venture case for Angle & pitch to investors 20:59 Current growth drivers and challenges 22:46 Smart contract development process & security 24:34 What’s next for Angle? … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Fundamentals #Angle #Stablecoin #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Rune Christensen, Co-Founder of MakerDAO – a decentralized stablecoin protocol built on Ethereum, and the first-ever DAO. Maker recently published their Endgame plan, which is a roadmap for a significant overhaul and improvement to the governance and tokenomics of the Maker Ecosystem. Its primary aim is for the ecosystem to reach a self-sustainable equilibrium called the Endgame State. In this episode with Rune, the mastermind behind the Endgame plan, we discuss why this overhaul is needed and how it will affect the Maker Ecosystem. We go through the details of the plan's 5 different phases: Unified branding, subDAOs, leveling the playing field for governance, incentivizing participation, and launching a new blockchain. Tune in to this insightful discussion to learn about how these changes are expected to position Maker for mass adoption and take the innovative concepts crypto has introduced over the years mainstream. The 5 phases of Endgame: https://forum.makerdao.com/t/the-5-phases-of-endgame/20830 MakerDAO Site: https://makerdao.com/en/ Twitter: https://twitter.com/MakerDAO Rune: https://twitter.com/RuneKek MakerDAOs dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/makerdao Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:39 The goals and vision behind the Endgame update 07:28 Unifying branding & how it contributes to the growth and resilience of Maker? 10:13 SubDAOs: How will parallelized growth and specialization benefit the ecosystem? 15:40 How will SubDAOs fund operations? 22:02 AI tools to enhance governance processes & level the playing field 30:26 Governance participation rewards 36:52 The rationale for deploying a new blockchain 48:32 How will the Endgame roadmap position Maker in the market? Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #MakerDAO #Endgame #DeFi #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by John McNiff and Felipe Montealegre, the founders of Theia Blockchain – a fundamentals-driven investment fund that is applying the principles of prudent investing to blockchain. We discuss Theia’s founding story, their investment strategy and underwriting engine, what fundamentals mean in crypto, and the main KPIs that Theia is looking for in potential investments. We also learn about the thesis behind Theia’s investments in GMX, Trader Joe, HoudiniSwap, and more. Also, we discuss the current challenges faced by funds in crypto and the most exciting developments in the market! Theia: Site: https://www.theiablockchain.com/ Twitter: https://twitter.com/TheiaResearch GMX’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/gmx Gains Network’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/gains-network Trader Joe’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/trader-joe Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:31 Theia’s founding story & overview of the fund 05:30 The problem that Theia solves for investors 07:17 All-DeFi rule at Theia 08:43 Theia’s 3 strategies & how they work with and support portfolio co’s 12:02 The possibilities that come with real-time streaming of data 13:56 What do fundamentals mean in crypto? 15:34 Crypto projects do generate cash flows for tokenholders 17:37 The Theia Underwriting Engine 18:55 The Theia Underwriting Engine: Case GMX 21:33 Open source = composability for both projects and investors 22:57 What does Theia look for in potential investments? 28:04 Investment thesis: Trader Joe 29:15 Investment thesis: gTrade (Gains Network) 30:27 Focus on DeFi and cash flows 32:47 Bottom-up approach to the market 33:56 Challenges that funds face in crypto: Getting reliable data 35:36 Challenges that funds face in crypto: Regulatory overhang 36:34 Challenges that funds face in crypto: Risk management 38:34 What it requires to be a fundamental investor in crypto 39:25 What are John and Felipe most excited about in crypto right now? … The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Fundamentals #Theia #Blockchain #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Shawn Tabrizi, Lead Developer at Polkadot. Polkadot is the first fully-sharded blockchain, i.e. it is a multi-chain environment. Polkadot enables scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment. In our interview with Shawn, we discuss Polkadot’s core value proposition, the main optimizations they have focused on, the concepts of shared security, interoperability, and unstoppability, Polkadot’s economic model, how to value the utility of a blockchain network’s native token, current growth drivers and challenges, plans for the future, and more! Polkadot’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/polkadot Polkadot Site: https://polkadot.network/ Twitter: https://twitter.com/Polkadot Shawn: https://twitter.com/shawntabrizi Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 00:59 Polkadot’s core value proposition 02:17 The optimizations Polkadot has focused on 04:25 The problem that Polkadot solves for blockchain developers 08:55 The bet against blockchain maximalism 11:52 Building an unstoppable blockchain ecosystem 17:10 What is best suited to be built on Polkadot 20:02 The current Parachain landscape 21:20 The Substrate blockchain development framework 23:42 Polkadot's core contributors 28:04 Polkadot's economic model 32:18 What role do fees and revenue play in a blockchain's value accrual 35:27 What are the best metrics to measure/value a blockchain? 35:27 Quantifying the utility of a blockchain's native token 38:27 Current challenges 43:37 Growth drivers 43:16 What's next for Polkadot? Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. #Polkadot #DOT #Blockchain #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Greg Skril, a core contributor at Ethereum Name Service (ENS). ENS is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. In our interview with Greg, we discuss the core problem that ENS solves, how ENS supports existing internet infrastructure by crypto-enabling DNS names, how ENS names can exist offchain, and their current main use cases. We also discuss the main updates that were introduced with ENS v3, break down the ENS protocol’s most important smart contracts, the DAO and its business model, growth drivers and challenges, plans for the future, and more! ENS’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/ethereum-name-service ENS Site: https://ens.domains/ Twitter: https://twitter.com/ensdomains Greg: https://twitter.com/gregskril Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:12 The purpose of ENS 02:07 ENS is more than .eth 03:00 Crypto-enabling DNS names 04:11 Most common use cases for ENS today 05:27 Offchain ENS names 10:23 ENS v3 12:29 Overview of ENS’s most important smart contracts 14:03 The market and ENS’s position within it 15:48 Business model & revenue streams 19:13 The ENS token 19:45 Growth drivers and challenges 21:35 Most exciting things happening in the ENS ecosystem 23:09 The contributors behind ENS 24:53 The end state of ENS 25:21 What's next for ENS? Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. #ENS #Ethereum #DeFi #Crypto #TokenTerminal

Scoopy Trooples, Co-Founder of Alchemix, joined us for an episode to discuss what Alchemix is and how it works, the protocol’s use cases, target customer profile, economic and business models, current growth drivers and challenges, the most exciting things coming up, the team behind the project, and more! Alchemix’s dashboard: https://tokenterminal.com/terminal/projects/alchemix-finance Alchemix Site: https://alchemix.fi/ Twitter: https://twitter.com/AlchemixFi Scoopy: https://twitter.com/scupytrooples Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:12 The problem that Alchemix solves 02:53 Technical overview of the protocol 07:45 Most common use cases for Alchemix 09:40 Who is the target customer? 10:37 Economic and business models 15:09 The ALCX token 16:50 Biggest growth drivers and challenges 18:02 The team behind Alchemix 19:56 What's next for Alchemix? Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. #Alchemix #DeFi #Crypto #TokenTerminal

Merlin Egalite, Co-Founder of Morpho – a lending pool optimizer that operates a peer-to-peer layer built on top of lending pools such as Compound and Aave – joined us for an interview to dive into the details behind Morpho-Aave V3, and the teams approach to building a truly secure protocol. Tune in to learn about the new features that come with Morpho-Aave V3, the details behind Morpho’s smart contract development process, and how the team is ensuring the technical, operational, and economic safety of the protocol. The previous episode with Morpho: https://youtu.be/ClHYrqdACDg Morpho’s dashboard: https://tokenterminal.com/terminal/projects/morpho Morpho: https://www.morpho.xyz/ Twitter: https://twitter.com/MorphoLabs Paul’s Twitter: https://twitter.com/PaulFrambot Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:12 The past few months at Morpho 01:58 Integrations driving growth 02:46 Morpho-AaveV3 03:23 New features introduced with Morpho-AaveV3 06:20 How do AaveV3's supply- and borrow caps affect Morpho? 08:42 Overview of Morpho-AaveV3's smart contract infrastructure 10:10 What security means in crypto, and why it's so important 11:23 Internal security measures & the process for developing new contracts 13:46 Stakeholders involved in the contract development process 15:34 Operational- and cyber-security 17:50 Aligning the economic incentives for all stakeholders 18:52 Morpho's security budget & expenditure 19:51 Morpho's position within the contract design space 21:36 What's next for Morpho? Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. #Morpho #Crypto #TokenTerminal #Investing #Finance