🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO bankless.cc/ledger 🚀 ZERION - INVEST IN DEFI FROM ONE PLACE bankless.cc/zerion 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU bankless.cc/yearn ------ State of the Nation #28 Algorithmic Stablecoins, with Dan Elitzer Dan Elitzer recently co-founded Nascent (nascent.xyz), a venture capital company that is deep into the weeds in some of the most experimental projects in the Ethereum ecosystem. In the 2nd half of 2020, some of the coolest experimental projects have been Algorithmic, Uncollateralized Stablecoins. These are stablecoins without dollars in a bank, or without crypto in a vault. They are completely backed by financial incentives.... and faith in those incentives. In this episode of State of the Nation, we begin by defining the 'Stablecoin Trilemma' (imgur.com/a/Uj0HBL3), and discuss some of the history of stablecoins. Then we turn to the current design philosophy behind algorithmic stablecoins, how they work, what makes them stable, and who gets the upside? We largely discuss Empty Set Dollar (ESD, www.emptyset.finance/), but also discuss Basis Cash, and Ampleforth. Tune in, to hear about this exciting emerging corner of the DeFi ecosystem! ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case