Robert Leshner, founder of Compound, describes how its protocol will enable people to earn interest on crypto assets, and why he thinks this will be crucial to crypto becoming mainstream. He also describes how the company is currently building an interest rate model -- a task so difficult that an early version "blew up" the Ethereum virtual machine -- and why using one of its smart contract-based money markets is both riskier and less risky than using an exchange. We talk about who will use Compound and how, which coins they're going to launch with, and how Compound plans to make money.
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Episode links:
Compound: https://compound.finance
Robert Leshner: https://twitter.com/rleshner
Intro to Compound: https://medium.com/compound-finance/introducing-compound-the-money-market-protocol-4b9546bac87
TechCrunch article on Compound: https://techcrunch.com/2018/05/16/cryptocurrency-compound-interest/
Unchained interview with Nadav Hollander of Dharma: http://unchainedpodcast.co/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep80
Unchained interview with Joey Krug of Augur: http://unchainedpodcast.co/joey-krug-on-how-augur-is-like-any-other-tool-ep79
Unchained interview with Danny An of TrustToken, which is creating TrueUSD: http://unchainedpodcast.co/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep77
Unchained interview with Will Warren of 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future
Unchained interview with Vitalik Buterin: http://unchainedpodcast.co/vitalik-buterin-creator-of-ethereum-on-the-big-guy-vs-the-little-guy
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