DeFi Explained

Nat Eliason helps us understand Decentralized Finance from first principles

Hey there, it’s Li and Nathan! For the next few episodes of Means of Creation, we are piloting a series of web3 explainers—unpacking some of the fundamental concepts of web3, from first principles. The goal is to explore various topics, trends, and projects that people want to learn more about but find confusing! Essentially, to ask the questions we’ve been too afraid to ask in public. 

If you want your questions answered, or have topics and/or guests you want to recommend, feel free to do so by tagging Means of Creation on Twitter. You can watch these episodes on YouTube or listen on your podcast app of choice.

We hope you find these conversations valuable.


In this first episode, we explain DeFi, or Decentralized Finance.

Cryptocurrencies have taken a major hit over the last few days—Bitcoin and Ethereum have fallen by almost fifty percent from their all-time highs. However, the proponents of DeFi still believe in its long-term potential to be the future of finance.

If we zoom out a little, this belief seems to be well-founded: as of this writing, the value locked in various DeFi projects is $196B. As recently as 2019, that number was merely $600M. 

DeFi proponents also go on to claim that we’re just getting started—the advantages of an open and decentralized financial system have the potential to capture trillions of dollars of value. 

In this episode, we're joined by Nat Eliason, who helps us unpack this claim. Nat is a writer, crypto engineer, and educator who’s been at the forefront of DeFi long before it became became a trend.

He brings with him a wealth of experience in this space—he teaches a very popular course called DeFi Orientation which enables people to get started in DeFi and earn money from their crypto assets. He helps crypto companies with their tokenomics and smart contract development. He also writes Almanack, a newsletter about DeFi, tokenomics, yield farming, and other related topics. 

Nat's experience as an educator and operator lets him simplify complex theories but also demonstrate how to apply them in practice. He was the perfect guest to bring on to explain the rapidly changing world of DeFi.



Listen in your Podcast App

This is a podcast episode. To listen, add Means of Creation to your podcast app of choice!

Add to Podcast App

Like this?
Become a subscriber.

Subscribe →

Or, learn more.

Read this next:

Means of Creation

Legitimacy Lost

How Creator Platforms Are Eroding Their Most Important Resource

66 Oct 14, 2021 by Li Jin and Katie Parrott

Means of Creation

Assessing Clubhouse’s Post-Pandemic Future

Also: Getty Images acquires Unsplash, LinkedIn’s new creator mode, the math behind MrBeast’s businesses, and more

24 Apr 10, 2021 by Li Jin, Nathan Baschez, and Yash Bagal

Means of Creation

Unpacking The David Dobrik Controversy

Also: OnlyFans is launching a creative fund for musicians, #BookTok is leading to a resurgence in book sales, and more

18 Mar 27, 2021 by Li Jin and Nathan Baschez

So You Want to Launch a Physical Product

What I learned building an eight-figure candle business

49 May 16, 2022 by Ajay Mehta

Almanack

Crypto Gaming is Broken. How Do We Fix It?

Maybe games shouldn't cost $1,000 to play

14 May 13, 2022 by Nat Eliason

Comments

You need to login before you can comment.
Don't have an account? Sign up!

Thanks for reading Every!

Sign up for our daily email featuring the most interesting thinking (and thinkers) in tech.

Subscribe

Already a subscriber? Login