Ethereum and The Trillion Dollar Internet Bond | Chris Perkins

Bankless

English - February 29, 2024 10:30 - 1 hour - 87.2 MB - ★★★★★ - 942 ratings
Investing Business Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Justin Drake & Ben Fisch: The United Rollups of Ethereum

Next Episode: ROLLUP: Bitcoin ATH's In Sight | Coinbase Crashes | Blast Mainnet Live

Chris Perkins has a fascinating background as a marine who was shot at in Iraq, was at Lehman bros when it all came crashing down, was a Citigroup trying to pick up the piece of the financial crisis where he first ran across Gary Gensler, and now he’s in crypto. We talk about all that, but that’s not even the main event.

The Main Event is Ether the asset and a new reference rate he’s building on top of it. This sounds in the weeds but it’s actually actually key to unlocking trillions in new financial products. You might call this new rate the Libor for ETH.

------
🏹 USE PODCAST24 FOR 10% OFF
https://bankless.cc/Citizen2024
------
🎧 Listen On Your Favorite Podcast Player:
https://bankless.cc/Podcast
------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2 ⁠

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC

⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum

🦄 UNISWAP | Swap Smarter
https://bankless.cc/uniswap

------
TIMESTAMPS
00:00:00 Start
00:11:33 Intro to Chris
00:13:17 From Banks To Crypto
00:16:27 Hostility Towards Crypto
00:19:16 National Security
00:25:23 Takes on Regulation
00:31:12 TradFi Response To Crypto
00:33:58 ETH ETF
00:37:24 Libor for ETH?
00:42:43 Libor Recap
00:45:35 How Was Libor Corrupted?
00:53:21 ETH Reference Rate
01:04:13 Risk Free Rate
01:10:08 Real vs Nominal Returns
01:21:51 DeFi Applications
01:26:01 Market Size
01:33:17 Going Forward

------
RESOURCES

CESR home page: https://www.coindesk.com/indices/ether/cesr
CESR methodology document: https://coinfund.io/cesr/
CESR Tearsheet: https://downloads.coindesk.com/cd3/CDI/CESR+Fact+Sheet.pdf

More Reading:
https://www.coindesk.com/consensus-magazine/2023/09/26/how-staking-rates-can-drive-the-crypto-economy-forward/
https://www.coindesk.com/business/2023/09/27/five-reasons-why-the-world-needs-a-standardized-ethereum-staking-rate/
https://www.risk.net/derivatives/7957405/new-hope-for-crypto-derivatives-as-markets-urged-to-hail-cesr

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠