The Hivemind Delphi Digital

The conversation discusses the recent market volatility and the dispersion effect in the cryptocurrency market. The hosts speculate on whether the recent market drop is the low point or if it will go lower. They also discuss the impact of traditional markets on the crypto market and the role of ETF flows. The conversation then shifts to the Bitcoin ecosystem and the potential for Bitcoin to become an L2 for other cryptocurrencies. They explore the idea of bridging between Bitcoin and other chains and the potential for new projects and use cases within the Bitcoin ecosystem. The conversation covers various topics related to decentralized finance (DeFi), centralized entities, yield farming, stablecoins, the impact of the Bitcoin halving, and the potential for an Ethereum ETF. The participants discuss the advantages and disadvantages of centralized and decentralized solutions, the importance of managing keys in the crypto space, and the potential for borrowing against Bitcoin. They also touch on upcoming projects such as Cycles.money and Mackie, and the potential for increased demand for stablecoins. The conversation concludes with a discussion on the future of ETH and the potential for ETF flows.




Chapters



00:00 Introduction and Disclaimer

06:41 The Potential of Bitcoin as an L2

13:53 Decentralized Borrowing and Lending for Bitcoin

29:32 Managing Keys and Risks

41:05 The Impact of an Ethereum ETF

50:00 The Future of ETH and ETF Flows



Disclosures
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.




---

Send in a voice message: https://podcasters.spotify.com/pod/show/delphihivemind/message

The conversation revolves around two main themes: investment clubs and ETH issuance. The discussion on investment clubs focuses on the adverse selection problem and the potential benefits and drawbacks of using platforms like Echo and Legion for fundraising and community building. The conversation on ETH issuance explores the proposal to change the ETH issuance curve and the arguments for and against it. The participants also touch on the challenges faced by larger funds in the crypto space and the impact of stake rates on the moneyness of ETH. The conversation revolves around the recent developments in the MakerDAO ecosystem, particularly the introduction of the Ethena stablecoin and the controversy surrounding it. The hosts discuss the impact of Ethena on stablecoin yields and the overall DeFi market. They also touch on the feud between MakerDAO and Aave, as well as the potential risks and benefits of MakerDAO's plans to split into sub-daos and launch new tokens. The conversation highlights the competition among protocols to attract capital by offering higher yields and the importance of understanding the risks and reflexivity of these systems.



Chapters



00:00 Introduction to Investment Clubs

01:15 Adverse Selection Problem

14:01 ETH Issuance and Stake Rates

16:19 Challenges Faced by Larger Funds

28:29 Impact of Yield Reduction on Staking

30:52 The Impact of Ethena Stablecoin

35:30 Feud Between MakerDAO and Aave

51:00 MakerDAO's Plans to Split

57:09 Competition for Higher Yields

01:00:58 Conclusion




Disclosures: Nothing said on The Hivemind is a recommendation to buy or sell securities or tokens. The podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jose, Yan, Duncan, Ceteris, and our guests may advise or hold positions in the companies, funds, or projects discussed.


Get a 20% discount on a premium Delphi PRO or PRO+ for listening to this episode! Follow the links below or use the codes on checkout:


20% off Delphi PRO annual
Code: PODCASTPRO
Direct Link: https://delphi.link/podcastpro


20% off Delphi PRO+ annual
Code: PODCASTTEAMS
Direct Link: https://delphi.link/podcastteams


Follow Delphi Digital
Website: https://members.delphidigital.io
Twitter / X : https://x.com/delphi_digital




---

Send in a voice message: https://podcasters.spotify.com/pod/show/delphihivemind/message

This episode covers topics such as ETF flows, GBTC selling, the long-term outlook for Bitcoin, the potential approval of an ETF, the buyers of Bitcoin, the conviction of investors, the timing of ETF approval, 4844 and base rollups, Drip and Solana L2s, and scalable rollups. In this conversation, the hosts discuss memes and meme dilution in the cryptocurrency market. They talk about the rapid rise of new memes and the potential challenges of investing in them. They also discuss the Athena project and its risks and benefits. The hosts touch on the impact of higher rates on DeFi and the potential consequences of integrating stablecoins into various platforms. They conclude with some closing remarks.


00:00 - Introduction
01:03 - ETF Flows
05:55 - Long-Term Outlook
07:20 - ETF Approval
08:20 - Buyers of Bitcoin
09:47 - Investor Conviction
13:07 - ETF Rejection
14:35 - ETH ETF and Maker Endgame
22:31 - 4844 and Base Rollups
29:35 - Drip and Solana L2s
34:18 - Scalable Rollups
35:10 - Memes and Meme Dilution
50:35 - Discussion on Athena
01:05:26 - Impact of Higher Rates on DeFi
01:10:41 - Closing Remarks

Disclosures: Nothing said on The Hivemind is a recommendation to buy or sell securities or tokens. The podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jose, Yan, Duncan, Ceteris, and our guests may advise or hold positions in the companies, funds, or projects discussed. Delphi's transparency page can be viewed here.


Get a 20% discount on a premium Delphi PRO or PRO+ for listening to this episode! Follow the links below or use the codes on checkout:


20% off Delphi PRO annual
Code: PODCASTPRO
Direct Link: https://delphi.link/podcastpro


20% off Delphi PRO+ annual
Code: PODCASTTEAMS
Direct Link: https://delphi.link/podcastteams


Follow Delphi Digital
Website: https://members.delphidigital.io
Twitter / X : https://x.com/delphi_digital




---

Send in a voice message: https://podcasters.spotify.com/pod/show/delphihivemind/message

Yan, Duncan, Ceteris and guest Jason Pagoulatos discuss the the current market conditions, what the ETF inflows have done to Bitcoin, Altcoins and Memecoins.





Disclosures: Nothing said on The Hivemind is a recommendation to buy or sell securities or tokens. The podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jose, Yan, Duncan, Ceteris, and our guests may advise or hold positions in the companies, funds, or projects discussed. Delphi's transparency page can be viewed here.



Get a 20% discount on a premium Delphi PRO or PRO+ for listening to this episode! Follow the links below or use the codes on checkout:



20% off Delphi PRO annual

Code: PODCASTPRO

Direct Link: https://delphi.link/podcastpro



20% off Delphi PRO+ annual

Code: PODCASTTEAMS

Direct Link: https://delphi.link/podcastteams



Follow Delphi Digital


Website: https://members.delphidigital.io/home
Twitter: https://twitter.com/Delphi_Digital
YouTube: https://youtube.com/@Delphi_Digital








---

Send in a voice message: https://podcasters.spotify.com/pod/show/delphihivemind/message

Jose, Yan, Duncan, and Ceteris discuss the mechanics of value accrual to frontends in crypto, the Solana outage of Feb 06, 2024 and the upcoming Ethereum narratives.



Disclosures: Nothing said on The Hivemind is a recommendation to buy or sell securities or tokens. The podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jose, Yan, Duncan, Ceteris, and our guests may advise or hold positions in the companies, funds, or projects discussed. Delphi's transparency page can be viewed here.



Get a 20% discount on a premium Delphi PRO or PRO+ for listening to this episode! Follow the links below or use the codes on checkout:



20% off Delphi PRO annual

Code: PODCASTPRO

Direct Link: https://delphi.link/podcastpro



20% off Delphi PRO+ annual

Code: PODCASTTEAMS

Direct Link: https://delphi.link/podcastteams



Follow Delphi Digital


Website: https://members.delphidigital.io/home
Twitter: https://twitter.com/Delphi_Digital
YouTube: https://youtube.com/@Delphi_Digital






---

Send in a voice message: https://podcasters.spotify.com/pod/show/delphihivemind/message

Jose, Yan, Duncan, and Ceteris chat about the Curve hack, trading around the hack, views on the future of CRV and veCRV governance, and comparing AMMs, CEXs, and order books.



Disclosures: Nothing said on The Hivemind is a recommendation to buy or sell securities or tokens. The podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jose, Yan, Duncan, Ceteris, and our guests may advise or hold positions in the companies, funds, or projects discussed. Delphi's transparency page can be viewed here.



Get a 20% discount on a premium Delphi PRO or PRO+ for listening to this episode! Follow the links below or use the codes on checkout:



20% off Delphi PRO annual

Code: PODCASTPRO

Direct Link: https://delphi.link/podcastpro



20% off Delphi PRO+ annual

Code: PODCASTTEAMS

Direct Link: https://delphi.link/podcastteams



Follow Delphi Digital


Website: https://members.delphidigital.io/home
Twitter: https://twitter.com/Delphi_Digital
YouTube: https://youtube.com/@Delphi_Digital


---

Send in a voice message: https://podcasters.spotify.com/pod/show/delphihivemind/message