Michael Egorov: Yield Basis - Bringing Real Yield to Bitcoin

Michael Egorov: Yield Basis - Bringing Real Yield to Bitcoin

Join José Macedo and Yan Liberman as they host Michael Egorov, co-founder of Curve Finance and one of DeFi's original pioneers. Michael introduces Yield Basis — his ambitious new protocol that aims to solve one of DeFi's biggest problems: impermanent loss. Learn how this innovation could finally unlock natural, sustainable yield on Bitcoin at scale, creating the long-sought "holy grail" of yield-bearing Bitcoin without the downsides of traditional AMM strategies.


Curve Finance: www.curve.finance

Yield Basis: https://yieldbasis.com



🎯 Key Highlights


▸ Yield Basis: Eliminates impermanent loss for single-sided crypto exposure

▸ Impermanent loss problem: Why AMMs underperform buy-and-hold

▸ Michael's solution: 2x leverage counters square-root pricing

▸ Why Curve pools beat Uniswap v2

▸ Historical sims: 10-20% APR on Bitcoin

▸ Borrowing mechanism: Capital via crvUSD allocation

▸ Tokenomics: Choose real yield OR tokens

▸ Dynamic admin fees adjust with staking

▸ GTM: Target miners, funds, treasuries

▸ Multi-chain: Separate tokens vs. bridges

▸ Market size: $50-100B addressable

▸ Beyond Bitcoin: ETH and volatile assets

▸ Michael on DeFi vs. OG principles

▸ Challenge: Matching sims to reality

▸ Why this beats points and yield farming



💡 Subscribe for more crypto & AI insights! 🔔



🧠 Follow the Alpha


▸ Michael's Twitter: @newmichwill

▸ Curve Finance Twitter: @CurveFinance

▸ Yield Basis Twitter: @yieldbasis



🔗 Connect with Delphi


🌐 Portal: https://delphidigital.io/

🐦 Twitter: https://x.com/delphi_digital

💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/



🎧 Listen on


Spotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753&nd=1&dlsi=50105fd66e6c4124

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082

Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q



Timestamps


00:00 - Intro: Yield Basis and Michael Egorov

01:15 - Yield Basis: Single-sided LP without impermanent loss

02:00 - Impermanent loss with Bitcoin/USDT

07:30 - AMMs create "buy low, sell high"

09:00 - Solution: Leverage eliminates square-root pricing

13:00 - Curve beats Uniswap v2

15:30 - Historical sims: 10-20% APR

19:00 - Borrowing: Arbitrage and debt management

24:30 - Net returns after costs

25:15 - crvUSD as low-cost capital

27:15 - Separate protocol vs. Curve integration

28:00 - Tokenomics: Real yield OR tokens

32:45 - Points vs. transparent distribution

36:00 - Dynamic fees prevent zero-division

40:00 - GTM: Miners, funds, institutions

43:00 - Multi-chain: Instances vs. bridges

48:30 - BD with competing chains

50:30 - Curve vs. Yield Basis governance

52:00 - Modern vs. OG DeFi principles

55:30 - Treasury relationships vs. decentralization

56:30 - Challenge: Real-world performance

58:30 - Market: $50-100B addressable

1:02:00 - crvUSD scaling mechanics

1:06:15 - Market cap ceiling calculations

1:08:00 - Beyond Bitcoin: Gold, volatiles

1:08:45 - DeFi innovations: Pendle, Athena

1:11:30 - Hyperliquid bootstrap strategy

1:12:00 - Closing: Growth parallels



Disclaimer


This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

Avsnitt(475)

Enigma’s Tor Bair: Disrupting Facebook and Solving Privacy for Web 3.0

Enigma’s Tor Bair: Disrupting Facebook and Solving Privacy for Web 3.0

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Tor Bair, Head Of Growth at Enigma. For those new to Enigma it is described as  a decentralized secure computation protocol, where “secret nodes” in the network perform computations over encrypted data. Enigma brings privacy to any kind of computation - not just transactions. Our conversation covers the desire for privacy despite consumers being ok giving away their data for free, if the incumbents (facebook/google can be displaced) and the entire mission of Enigma, an overview of how the protocol works and what Enigma offers. To access the insights package of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up using coupon code CHAINREACTION.   Follow Tom on Twitter @Shaughnessy119 Follow Joe on Twitter @TorBair    Disclosure: Tom Shaughnessy owns tokens in BTC, ETH, DCR, MKR, XTZ and Loom. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

28 Maj 201956min

ConsenSys’ Joe Lubin: Ethereum’s Competition Isn’t Even Close

ConsenSys’ Joe Lubin: Ethereum’s Competition Isn’t Even Close

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Joe Lubin the co-founder of Ethereum and thee founder of ConsenSys.  For those new to the space, ConsenSys is a global blockchain technology company building the infrastructure, applications, and practices that enable a decentralized world. ConsenSys has over 50 spokes building on Ethereum ranging from infrastructure like Infura and Metamask to platforms and applications like OpenLaw and Airswap. After having numerous guests on the podcast from ConsenSys, from Gregory Rocco to Andrew Keys and others, it was excellent to have Joe on to explain his take on the space. We cover the goals of blockchain, Ethereum’s competition and its future under Serenity, the past, present and future of ConsenSys and so much more. Joe is by far one of the most plugged in people to the space, as such this was a very insightful conversation. To access the insights package of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up using coupon code CHAINREACTION.   Follow Tom on Twitter @Shaughnessy119 Follow Joe on Twitter @ethereumJoseph    Photo Credit Zaza Weissgerber Disclosure: Tom Shaughnessy owns tokens in BTC, ETH, DCR, MKR, XTZ and Loom. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

6 Maj 201941min

Evan Feng: From Citadel and Point72 To Founding Tapestry Capital

Evan Feng: From Citadel and Point72 To Founding Tapestry Capital

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Even Feng, the Founder and CIO of Tapestry Capital. I wanted to have Evan on since he has a storied career in finance and incredible insight given his positions with Barclays’ investment banking department to Citadel and then to Point 72 before creating tapestry capital. Evan is able to link the legacy financial world, with Crypto, and he able to explain the differences between the two worlds. We close as Evan describes Tapestry capital, how he plans to differentiate, and so much more.   To access the insights package of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up using coupon code CHAINREACTION.   Follow Tom on Twitter @Shaughnessy119 Follow Evan on Twitter @EvanTheFeng  Visit Tapestry Capital    Disclosure: Tom Shaughnessy owns tokens in BTC, ETH, DCR, MKR, XTZ and Loom. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

2 Maj 201944min

Vision Hill Group’s Scott Army: Digital Asset Management of the Future

Vision Hill Group’s Scott Army: Digital Asset Management of the Future

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Scott Army, the Founder and CEO of Vision Hill Group. While institutions are starting to warm up to  crypto today, Scott began work on his Crypto fund of funds years ago, and its first strategy successfully launched over 6 months ago. Since then, Scott is growing Vision Hill into a full service Crypto company focused on adding new strategies, providing research and advisory services as well. Scott has unparalleled insight into the crypto fund scene since Vision Hill is conducting extensive research into these managers, and the data they are compiling is also massive To access the insights package of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up using coupon code CHAINREACTION.   Follow Tom on Twitter @Shaughnessy119 Follow Scott on Twitter @scottarmy_   Disclosure: Tom Shaughnessy owns tokens in BTC, ETH, DCR, MKR, and XTZ. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

29 Apr 201946min

CoinList’s Andy Bromberg: The Future of Funding and Community-Building In The Crypto Space

CoinList’s Andy Bromberg: The Future of Funding and Community-Building In The Crypto Space

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Andy Bromberg, the Co-Founder and President of CoinList. Andy is one of the most insightful guests I’ve had on, his ability to distill everything happening in crypto into digestable and understandable pieces is remarkable. On this episode we covered so much, including the future of funding, developer focused community building, a complete rundown on CoinList, and how CoinList only accepts 0.02% of the projects it is approached by. We also discussed governance, competition and regulations. To access the insights package of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up using coupon code ChainReaction.   Follow Tom on Twitter @Shaughnessy119 Follow Andy on Twitter @andy_bromberg   Disclosure: Tom Shaughnessy owns tokens in ETH, DCR, MKR, and BTC. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

12 Apr 201952min

ConsenSys’ Ajit Tripathi - ICOs, STOs and Institutional Digital Assets: How Tokens are Digitizing Financial Markets

ConsenSys’ Ajit Tripathi - ICOs, STOs and Institutional Digital Assets: How Tokens are Digitizing Financial Markets

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Ajit Tripathi, a partner at ConsenSys focused on the solutions segment. We cover how tokens will invade enterprises in full force, building liquid and efficient private markets through tokenization, the benefits to various market participants and so much more.   To access all of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up now.   Follow Tom on Twitter @Shaughnessy119 Follow Ajit on Twitter @chainyoda    Disclosure: Tom Shaughnessy owns tokens in ETH, DCR, MKR, ZRX and HYDRO. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

9 Apr 201946min

Cent’s Max Brody and Cameron Hejazi: The Social Income Network

Cent’s Max Brody and Cameron Hejazi: The Social Income Network

Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by CENT's co-founder's Cameron Hejazi to hear the story of two relentless co-founders and their vision to create a new social income network. The conversation covers the current CENT platform, how users are earning money seeding, why the two co-founders built on Ethereum, and so much more.   To access all of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up now.   Follow Tom on Twitter @Shaughnessy119 Follow Max on Twitter @maxbrody Follow Cameron on Twitter @chejazi    Disclosure: Tom Shaughnessy owns tokens in ETH, DCR, MKR, ZRX and HYDRO. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

26 Mars 201950min

Storecoin’s Chris and Rag: On A Radically New Zero-Fee, P2P Cloud Computing Platform

Storecoin’s Chris and Rag: On A Radically New Zero-Fee, P2P Cloud Computing Platform

In this episode, Host Tom Shaughnessy of Delphi Digital (www.DelphiDigital.io) is joined by Chris McCoy the co-founder of Storecoin and co-founder and CTO Rag Bhagavatha. The conversation covers the new settlements platform layer Storecoin is building and the co-founder's goals of also building a cloud layer on-top of this layer. Its a differentiated and novel episode and worth a listen.  To ensure you’re able to submit questions moving forward and receive our analysts calls like clock-work, visit DelphiDigital.io on your device and sign up now.   Follow Tom on Twitter @Shaughnessy119 Follow Chris on Twitter @chrisamccoy  Follow Storecoin on Twitter @storecoin   Disclosure: Tom Shaughnessy owns tokens in ETH, DCR, MKR, ZRX and HYDRO. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational.  - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io  -

21 Mars 20191h 12min

Populärt inom Teknik

natets-morka-sida
uppgang-och-fall
rss-racevecka
bilar-med-sladd
elbilsveckan
market-makers
rss-badfluence
rss-elektrikerpodden
developers-mer-an-bara-kod
rss-laddstationen-med-elbilen-i-sverige
mediepodden
vi-bilagares-podcast
rss-veckans-ai
bli-saker-podden
rss-it-sakerhetspodden
rss-technokratin
skogsforum-podcast
ai-sweden-podcast
hej-bruksbil
rss-uppgang-och-fall