1 hr 15 min
330: Cryptocurrency & DeFi 101 with Nat Eliason: Web3 Series Part 1 The Ecommerce Influence Podcast
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- Marketing
Cryptocurrency is the financial system of the future. Ready or not it’s coming and as an eCommerce founder, there are opportunities you could be taking advantage of now.
This episode is part of a series on cryptocurrency and decentralized finance (DeFI). My guest, Nat Eliason, has been a guest before as an SEO expert but in the last year he’s made a trajectory shift and moved into the space of web3, and specifically DeFi.
Nat talks about why he made the shift, what he’s so excited about and why, as a business owner, you should care. We go into the basics of DeFi and how people are getting hedge fund style returns.
If you know nothing about cryptocurrency, this episode is for you - Nat has some simple ways you can start earning money today.
Episode Highlights:
5:04 Nat’s shift from SEO to DeFi 6:28 What is DeFi and why is it important 9:22 How DeFi levels the playing field and gives individuals with small capital access to high returns 12:34 Examples of high returns 14:49 What a stablecoin is 16:05 The risks with stablecoins 20:14 Metamask and seed phrase: what are they and how do they provide security 25:02 How long you have to “park” your stablecoins to see returns 27:36 The range of interest returns historically seen 29:48 Ways to profit that haven’t traditionally been available to average people 31:48 The difference between a fiat-collateralized coin and a crypto-collateralized coin 34:48 Wrapped Bitcoin: what is it 38:08 Minimum collateralization ratios 40:26 How debt protocols work in DeFi & what happens in a market crash 46:26 Yield farming: what is it 50:26 How network security works 52:24 “Staking your Eth” - how and what that means 55:57 What is impermanent loss and why do you want to avoid it? 1:02:01 Biggest hurdles to DeFi being widely adopted right now 1:05:03 As an eCommerce owner - what should you be thinking about 1:09.50 What Nat’s excited about right now Resources:
Nat’s Course: DeFi Orientation @nateliason on Twitter Podcast 129: Content Marketing – What You Need To Know With Nat Eliason Podcast 284: How To Build A Business That Runs Itself With Nat Eliason Yearn Oasis Badger.finance Alchemix Convex Tokamak Klima DAO The Coalition @a_brawn on Twitter Review or subscribe on iTunes
Cryptocurrency is the financial system of the future. Ready or not it’s coming and as an eCommerce founder, there are opportunities you could be taking advantage of now.
This episode is part of a series on cryptocurrency and decentralized finance (DeFI). My guest, Nat Eliason, has been a guest before as an SEO expert but in the last year he’s made a trajectory shift and moved into the space of web3, and specifically DeFi.
Nat talks about why he made the shift, what he’s so excited about and why, as a business owner, you should care. We go into the basics of DeFi and how people are getting hedge fund style returns.
If you know nothing about cryptocurrency, this episode is for you - Nat has some simple ways you can start earning money today.
Episode Highlights:
5:04 Nat’s shift from SEO to DeFi 6:28 What is DeFi and why is it important 9:22 How DeFi levels the playing field and gives individuals with small capital access to high returns 12:34 Examples of high returns 14:49 What a stablecoin is 16:05 The risks with stablecoins 20:14 Metamask and seed phrase: what are they and how do they provide security 25:02 How long you have to “park” your stablecoins to see returns 27:36 The range of interest returns historically seen 29:48 Ways to profit that haven’t traditionally been available to average people 31:48 The difference between a fiat-collateralized coin and a crypto-collateralized coin 34:48 Wrapped Bitcoin: what is it 38:08 Minimum collateralization ratios 40:26 How debt protocols work in DeFi & what happens in a market crash 46:26 Yield farming: what is it 50:26 How network security works 52:24 “Staking your Eth” - how and what that means 55:57 What is impermanent loss and why do you want to avoid it? 1:02:01 Biggest hurdles to DeFi being widely adopted right now 1:05:03 As an eCommerce owner - what should you be thinking about 1:09.50 What Nat’s excited about right now Resources:
Nat’s Course: DeFi Orientation @nateliason on Twitter Podcast 129: Content Marketing – What You Need To Know With Nat Eliason Podcast 284: How To Build A Business That Runs Itself With Nat Eliason Yearn Oasis Badger.finance Alchemix Convex Tokamak Klima DAO The Coalition @a_brawn on Twitter Review or subscribe on iTunes
1 hr 15 min