dao

A conversation with Miguel Piedrafita. Why would a 19-year-old from Spain want to buy the US Constitution?  To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

The Ethereum Name Service (ENS) announced its intentions to further decentralize with the $ENS token last week. Yesterday, they finally released it to the public.

Anyone that held an ENS domain by November 1st is eligible for this airdrop.

Congratulations to all those on the web3 frontier—you’ve been rewarded again!

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🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

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📣 DHARMA | From Dollars to DeFi!
https://bankless.cc/dharma 
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BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini​ 

💧LIDO | DECENTRALIZED STAKING
https://bankless.cc/Lido 

👻 AAVE | LEND & BORROW ASSETS
https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING
https://bankless.cc/UniGrants 

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Guests:

Brantly Millegan – Director of Operations at ENS
https://twitter.com/BrantlyMillegan?s=20 

Nick Johnson – Founder, Lead Developer
https://twitter.com/nicksdjohnson?s=20 

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Resources:

CLAIM:
https://ens.mirror.xyz/5cGl-Y37aTxtokdWk21qlULmE1aSM_NuX9fstbOPoWU 

DELEGATE:
https://ens.mirror.xyz/cfvfKRpQSPtZJjPQOprWqEeqv2rytE7tQkxDg6ht7Oo 

TOKEN ALLOCATION:
https://ens.mirror.xyz/-eaqMv7XPikvXhvjbjzzPNLS4wzcQ8vdOgi9eNXeUuY 

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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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

ShapeShift recently announced its plans to evolve into a community-owned, decentralized platform. In addition, they held the largest airdrop in crypto history with over 1 million eligible addresses.

We bring on (former?) CEO Erik Voorhees to discuss the transition, and how it could be paving the way for all legacy corporations. The Future is DAO.

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🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 
🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge 
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BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR
https://bankless.cc/Matcha 

 🔐 LEDGER | SECURE YOUR ASSETS
https://bankless.cc/Ledger 

🦄 UNISWAP | DECENTRALIZED FUNDING
https://bankless.cc/UniGrants 

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📣 SMARTCON | Register for Smart Contract Summit 2021!
https://bankless.cc/SmartCon 
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Topics Covered:

0:00 Intro
8:00 Erik Voorhees & ShapeShift
11:54 The History of ShapeShift
21:04 DAO-ifying
27:10 The Model for Shape-Shifting
32:53 How to DAO
41:06 The FOX Token
47:25 The DAO Launch
52:35 The Regulation Threat
58:40 The Industry Overview
1:05:35 What Erik’s Excited About
1:08:10 A Word for First Cyclers
1:10:34 Closing & Disclaimers

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Resources:

Erik on Twitter:
https://twitter.com/ErikVoorhees?s=20 
FOX Airdrop:
https://fox.shapeshift.com/airdrop 
ShapeShift Discord:
https://discordapp.com/invite/dVVkMhb 

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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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Bankless Nation, meet PoolTogether and its founder, Leighton Cusack. PoolTogether is a DeFi protocol offering a no-loss lottery generated by its pooled interest.

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🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 
🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge 
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BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS
https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS
https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING
http://bankless.cc/uniswap 

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📣 DHARMA | From Dollars to DeFi in a Tap!
https://bankless.cc/dharma 
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Meet the Nation: PoolTogether
Guest: Leighton Cusack

PoolTogether is one of the oldest DeFi Protocols, having been around for about two years. It offers users access to no-loss lotteries; founder Leighton Cusack describes it as a savings account, and the interest generated by the collective deposits are combined into randomly selected lotteries. Like most DeFi project, it is permissionless, trustless, and powered by smart contracts.

Unlike legacy lotteries, which require purchasing tickets, access to PoolTogether lotteries only requires depositing funds which can be pulled out in full at any time. There are currently $225 Million in assets deposited in PoolTogether, earning the interest that becomes rewards for the PoolTogether community.

PoolTogether also has a reserve, which contributes to an increasing treasury. These sponsorships are deposits that are not eligible to win prizes. Instead, these returns are circled back to the pool to yield further interest. This is a perpetual growth mechanism for increasing the reward sizes over time.

PoolTogether recently decentralized with its POOL governance token, and POOL was retroactively airdropped to all users earlier this year. It is also distributed to everyone who deposits in one of the lottery pools. The POOL token controls the protocol by managing the reserves, the number of winners announced weekly, integrations and new pools, and the distribution mechanism of the remaining POOL.

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Resources:

PoolTogether
https://pooltogether.com/ 

PoolTogether Discord
https://discord.gg/hxPhPDW 

PoolTogether on Twitter
https://twitter.com/PoolTogether_ 

Leighton on Twitter
https://twitter.com/lay2000lbs?s=20 

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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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures