Inside the Ethereum economy: Weird DeFi and Bitcoin’s $ 1B Crop

The eagerly awaited 2.0 upgrade from Ethereum is intended to bring the network closer and closer to its original vision of a “world computer” on which a parallel, decentralized financial system is located.

At the invest: Ethereum economy On October 14th, we’ll look at the ramifications for investors as decentralized funding takes the crypto world by storm.

In the run-up to the event, our two-part CoinDesk Live: In the Ethereum Economy The virtual miniseries on October 8th and 12th will feature the key events that we’ll break down at the main event: Why all the hype behind crop farming and food-inspired tokens? Should investors take them seriously or are they a fading trend?

Decentralized Finance (DeFi) has a linchpin for what might be called the weird DeFi: a series of difficult-to-analyze projects whose greater ecosystem value is at best suspect, and whose community is at least 20% driven by inside jokes becomes.

This created a new way to make money from crypto called yield farming. Then Yearn.Finance came along ditching a robo-advisor with smart contracts to generate income on many of those projects that put users in control.

The imagination caught fire and led to the strange food-inspired birth of Weird DeFi with YAM, spaghetti, tendies and a side of sushi.

Brady Dale, Senior Business Reporter at CoinDesk, welcomes Priyanka Desai from Open Law, Mason Nystrom from Messari and Sam Bankman-Fried from FTX to assess the latest insane reactions in the DeFi landscape.

In the case of decentralized financing (DeFi), the numbers are, as in the exciting days of the boom in the first coin offering (ICO) in 2017, only in an upward trend, as crypto assets worth around 2 billion US dollars are tied in the market.

Crypto users are placing more emphasis on working in DeFi applications, largely due to the introduction of an entirely new, revenue-generating pasture, Compound’s COMP governance token. Governance tokens offer DeFi founders new ways to attract assets to their platforms.

Whether it’s wBTC, renBTC, or tBTC, tokenized Bitcoin is the hottest thing on Ethereum right now. A phenomenon that barely existed earlier this year has brought the total value of Bitcoin to over $ 1.3 billion.

CoinDesk market reporter Zack Voell discusses the phenomenon of crop farming with Matt Luongo from Thesis, Jeff Garzik from Bloq, Loong Wang from Ren Project and Kiarash Mosayeri from BitGo.

Day 1: DeGeneration: How Ethereum Makes Finances Weird

Thursday, October 8th | 12-1pm ET

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Speakers: Priyanka Desai, Open Law; Mason Nystrom, Messari; Sam Bankman-Fried, FTX

Moderator: Brady Dale, Senior Business Reporter at CoinDesk

Day 2: Bitcoin’s $ 1 Billion Harvest: Why Hodler’s Harvesting Yield on Ethereum

Monday, October 12th | 12-1pm ET

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Speakers: Matt Luongo, PhD thesis; Jeff Garzik, Bloq; Loong Wang, Ren Project; Kiarash Mosayeri, BitGo

Moderator: Zack Voell, CoinDesk market reporter

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