31: DeFi Basics - Traditional Finance Gets Competition From Crypto with Grayson Sharp

Today I interview Grayson Sharp and learn about DeFi - decentralized finance. We talk about how it works, risks and rewards.

Actually getting into DeFi requires a good bit of technical skill. Grayson and I are both on the waitlist of the Giddy app, which has a goal to make DeFi easy and accessible for more people. It's possible right now to make 40% on stablecoins so I'm interesting in putting a little bit in to try it out.

Links from the show:

• Impermanent Loss - What is is, how to avoid it
• Helium
• World Economic Forum Whitepaper on DeFi
• vfat.tools
• Beefy.finance - where Grayson participates in DeFi
• Squid Game Rug Pull
• Internet Computer Protocol (ICP) - a blockchain, ethereum competitor

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Check out getbitcoinfi.com for more blog posts and articles, and get involved in the community.

• Strike - the Venmo of crypto. Buy, sell and send crypto with no fees. Use my link to get $5, no purchase necessary.
• I have a Roth IRA with Choice to buy Bitcoin in a tax sheltered account. Traditional IRA's are also available. We both get $50 in Bitcoin when you open and fund an account, plus daily chances to win Bitcoin.
• Swan Bitcoin: Lower fees than Coinbase with a strong focus on education
• My Twitter
• My Youtube

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