19 episodes

We talk about the design of economic systems. This could be video game simulated economy or real business world like frequent flyer points system or blockchain based token economy.

Economics Design Lisa JY Tan

    • Technology
    • 5.0, 1 Rating

We talk about the design of economic systems. This could be video game simulated economy or real business world like frequent flyer points system or blockchain based token economy.

    EP 19: Token Bonding Curve Algorithms for Autonomous Market Makers (DEX)

    EP 19: Token Bonding Curve Algorithms for Autonomous Market Makers (DEX)

    The podcast version has no images to follow, unlike the YouTube channel. So it's easier! 🥳 

    In Part 1, we covered the basics of token bonding curves and understand how the shape of the curve affects the incentive mechanism.

    In this episode, we look into the application of token bonding curve in decentralised exchanges, DEX. Specifically, the use case of Autonomous Market Maker.

    We dive into 4 case studies: Bancor, Uniswap, Balancer, Curve

    The concept of token bonding curve in this 4 DEXes are the same. But the application of how the token bonding curve algorithm is built is different. So we uncover the 4 various algorithms used in the 4 different token bonding curves.

    Quick navigation:


    Addressing 3 issues of previous episode: 00:26
    Content we will be covering: 05:40
    SUMS of token functions: 07:11
    TBC in Stable tokens (pegged tokens): 09:17
    TBC in Security and Utility tokens: 10:35
    TBC in Autonomous Market Maker (AMM): 11:42
    Why AMM in Decentralised Exchanges (DEX): 14:39
    Which DEX that use AMM: 17:03
    Math concepts of Bonding Curve in Autonomous Market Maker : 18:13
    General bonding curve in AMM: 23:03
    Case study 1, Bancor: 26:41
    Case study 2, Uniswap: 34:25
    Case study 3, Balancer: 40:18
    Case study 4, Curve: 46:29
    Application to projects: 50:07

    Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Introducing an early bird discount before I refilm all the episodes. You will still get access to the new episodes when it's done!

    Use code: Earlybird to get 25% discount.

    Parts will be available on Economics Design soon, when I launch the premium version on 31 Aug 2020.

    • 48 min
    EP 18: Token Valuation with Token Bonding Curve

    EP 18: Token Valuation with Token Bonding Curve

    ⚠️ PSA: This podcast episode is different from the YouTube channel. This removes the maths and graph, as it requires visualisation. Please check out the YouTube version for the graph. Otherwise, this episode is good enough to have you an in-depth explanation. ⚠️ 

    This is a 2-part series. Part 1 is on the economics and math of TBC and how the curve functions affect the incentive mechanism and what governance can we embed into the function. Part 2 will be on using these functions in projects, and taking a dive at a few projects.

    The episode is split into 2 because it gets quite heavy to digest all the information at once. So part 1 is the more math-y part, for you, as economics designers to grasp. And part 2 is the more application-y part, for you, as economics designers to know how to use it. After all, knowledge is only valuable when applied.

    Enjoy this first part. We understand token bonding curves, the benefits, where the value accrual is derived from and the various functions to consider.

    As much as I wish there is 1 perfect function, the functions really depend on the objective of your system and what it wants to incentive or govern. So choose wisely and have fun playing with graphs!


    Application to token economics framework: 00:38
    What is token bonding curve: 03:53
    4 properties of token bonding curve: 07:50
    Use-cases: 11:38
    Where does value come from: 13:37
    Risks and ways to mitigate risks: 18:09
    4 math functions: 19:30
    How to calculate total cost of tokens: 28:39

    Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!

    • 31 min
    EP 17: What makes good token economics, so investors will invest in it?

    EP 17: What makes good token economics, so investors will invest in it?

    In this episode, we interview Arthur Cheong, a DeFi investor. He's on Twitter as @Arthur_0x. From the perspective of an investor, who invests in tokens and token projects, we uncover what are the key aspects in token economics that he is concerned with. He also shared his top 3 projects with good token economics, opinions on yield farming and advise when designing tokens. 

    Spent 2 full days on the audio 🙃 This specific episode is best viewed on YouTube with subtitles. 

    Quick navigation:


    What makes a good token: 1:04
    3 Projects with good token economics: 3:38
    Tokens as equity: 8:57
    Retalisation trend in DeFi: 11:47
    Factors for due diligence: 13:04
    Yield Farming: where is the economics value?: 16:05
    DeFi moving forward: 20:08
    3 tips for token designers and economic designers: 27:14

    Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!

    • 27 min
    EP 16: Tokens with Programmable Rules - Leveraged Tokens (E.g FTX)

    EP 16: Tokens with Programmable Rules - Leveraged Tokens (E.g FTX)

    Alright listen up guys. Now is the best time for #STONKS.

    Memes aside, new token design are constantly entering the space. As DeFi continues to mature, I think we will start to see more sophisticated tokenised products with mathematical programmable rules embedded in them. How is now not the best time to be alive!

    This episode, we dive into leveraged tokens. Using the token economics framework, we uncover the economics behind leveraged tokens, using #FTX as an example. Some simple math are involved. But don't worry. It's all fun and games.

    Caution: this is a high risk product! Don't stonk your lives away ok.

    Level up with #TokenEconomics course: https://education.economicsdesign.com/

    • 43 min
    EP 15: Yield Farming Economics. Good bad ugly

    EP 15: Yield Farming Economics. Good bad ugly

    Yield farming is all the type right now. We talked about the international gold (bitcoin) standard and this week, on farming. I guess history really repeats itself! This week, we share about 4 projects using yield farming, and breaking down the economics of yield farming and token design. Whilst yield farming is a great way for your project, consider the bad and ugly too, if you decide to implement it in your project.

    Quick navigation:


    What is yield farming: 00:53
    Projects using yield farming mechanism: 03:21
    Yield farming hacks: 09:05
    Good, Bad and Ugly: 14:05
    Economics of yield farming: 20:40
    Applying to projects: 29:56


    Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!

    • 31 min
    EP 14: Why Bitcoin will NEVER be an international currency

    EP 14: Why Bitcoin will NEVER be an international currency

    We've talked about how bitcoin accrues value. Now, here's why bitcoin will only remain as a P2P currency but never play a role in the international monetary order.

    In this episode, we will understand the various international monetary order, the lessons learnt and what does it mean for an international monetary order moving forward. And in this process, figure out where #Bitcoin plays a role and how it is possible to have a small part of the international monetary order.

    Quick navigation:


    Short answer in 30 seconds 1:20
    History of international monetary order 1:53
    Lessons learnt from it 26:43
    Bitcoin's possible role in the international monetary order 28:54
    Why Bitcoin will never be an international currency 36:25

    Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Currently having a discount.

    • 39 min

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