Economics Design
126 episodes - English - Latest episode: about 1 month ago - ★★★★★ - 9 ratingsWe 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.
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Episodes
EP 22: NFT, Bonding Curves and Harberger Taxes w Simon de la Rouviere
August 27, 2020 06:01 - 34 minutes - 32.3 MBToday, we have a guest on our episode, Simon de la Rouviere. He's known to start talking actively about bonding curves and it's making a huge impact to the future that we are building — #DeFi and crypto. Things we covered: What are Harberger Taxes Evolution of "Art is Always on Sale" V1 vs V2 Patronage as an asset class Taxation and its impact on time horizon of holding assets Relationship between art work and incentive to artist Bonding curve with NFT via a price floor Utility as a ...
EP 21: What is Ampleforth? The Economics Design of AMPL Token [Case Study]
August 23, 2020 03:27 - 1 hour - 66 MBWhat is Ampleforth? What is supply elasticity? Why do I have more tokens and suddenly less tokens? Where does Ampleforth come in, in the #DeFi space? How does Ampleforth work?! I don't understand Ampleforth! Fret not, let's start Season 2 with a deep dive and case study of Ampleforth, using the Economics Design framework for tokens. Things covered: What is Ampleforth Objective of Ampleforth Token function AMPL vs AAVE AMPL vs COMP AMPL vs USD Economics design framework Main USP of ...
EP 20: Fundraising Mechanism with Bonding Curve (4 Use Cases)
August 07, 2020 15:24 - 37 minutes - 34.4 MBWe've covered about bonding curves and the various incentive mechanisms that you can bake into the curve. This episode, we focus on using bonding curve as a way to fundraise for your project. Fundraising with tokens doesn't always mean that the token is a security. It can also be a utility. Here, we share 4 use-cases of how bonding curves are used in fundraising. Unlike autonomous market maker, there is no general model to follow. Quick navigation: Bonding curve in AMM vs Fundraising: 00:...
EP 19: Token Bonding Curve Algorithms for Autonomous Market Makers (DEX)
August 01, 2020 02:01 - 48 minutes - 44.9 MBThe 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 DEXe...
EP 19: Token Bonding Curve Algorithms for Automonous Market Makers (DEX)
August 01, 2020 02:01 - 48 minutes - 44.9 MBThe 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 Automonous Market Maker. We dive into 4 case studies: Bancor, Uniswap, Balancer, Curve The concept of token bonding curve in this 4 DEXe...
EP 18: Token Valuation with Token Bonding Curve
July 23, 2020 07:51 - 31 minutes - 28.5 MB⚠️ 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,...
EP 17: What makes good token economics, so investors will invest in it?
July 16, 2020 04:40 - 27 minutes - 37.5 MBIn 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: W...
EP 16: Tokens with Programmable Rules - Leveraged Tokens (E.g FTX)
July 09, 2020 15:55 - 43 minutes - 39.5 MBAlright 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...
EP 15: Yield Farming Economics. Good bad ugly
July 03, 2020 10:26 - 31 minutes - 28.9 MBYield 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 far...
EP 14: Why Bitcoin will NEVER be an international currency
June 25, 2020 04:14 - 39 minutes - 36.3 MBWe'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: ...
EP 13: How Money has Value (3-step Process)
June 11, 2020 08:07 - 22 minutes - 21.1 MBYou've probably heard enough about the whole argument of "money used to be gold". In this episode, we will uncover the fundamentals of how money accrues value from 2 perspectives — metallism and chartalism. Quick navigation: How money is created (Metallism vs Chartallism) 01:34 3-step process to legitimising money 10:20 Application to cryptocurrency 12:30 If you are keen to learn more, we are currently having a discount for the Token Economics Blueprint course! It's a 10 lesson session ...
EP 12: Economics of DAO, the Future of Governance and Liberty
June 04, 2020 10:03 - 16 minutes - 14.8 MBIn the midst of #blacklivesmatter, protests in Hong Kong and protests all around the world, this is one the beginning of change. The change is governance, and how we govern in the future. Moving towards a digital landscape, we can now tap into new opportunities like decentralised governance and decentralised organisations. This episode, we explore DAO, the future of governance and liberty. DAO means decentralised autonomous organisations. It can exist on blockchain and non-bl...
EP 11: Token Economist Explains How To Design Digital Economies with Tokens (Tokenomics)
May 27, 2020 15:28 - 32 minutes - 29.6 MBWhilst there is no holy grail of model to design token economics, there is a framework that you can use. I developed this after researching for 2 years. Basically deconstructing economics to its principles and then using that to apply to the new world order that governs our lives today. Ps: Am I speaking too fast and should I slow down? Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Watch on YouTube for visual learners and Substack fo...
EP 10: BUY or BYE-Nance? Binance BNB Token Economics Case Study
May 23, 2020 15:19 - 16 minutes - 15.4 MBTrying a new format for videos. Let me know if you prefer this format or the previous ones! This is a case study of Binance's native token, BNB. Bookmarks so you can jump to your preferred sections: Quick PSA on the term "token economics": 00:51 // Market design of BNB token: 01:22 // (Token Design) Token structure: monetary policy and valuation: 04:14 // (Token Design) Financial incentives of BNB tokens : 11:12 Want more in-depth content? Join our Token Economics 201 course at www.edu...
EP 9: Design your successful token economics with Market Design in 3 ways
May 14, 2020 16:10 - 22 minutes - 20.7 MBOften, we like to think that token economics is all about the token. That is not true. It also comes with the design of the environment, which the token exists in. And that's market design. In this episode, we uncover what market design is, what are the 3 aspects to consider and examples of how they can be applied when you design your token ecosystem. Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Watch on YouTube for visual learners...
EP 8: Bitcoin's Monetary Policy and Implications of the Derivatives Market on 2020 Block Reward Halving
May 10, 2020 02:00 - 28 minutes - 25.8 MBThis special episode, we will look into the case study of Bitcoin and uncover its monetary policy and implications to pricing in the 2020 block rewards halving. With the reduced selling pressure, increased sellers inelasticity, reduced inflation (due to stock-to-flow ratio) and derivatives, this 2020 bitcoin block reward halving could see a different volatility in the market. Watch on YouTube for visual learners and Substack for those who prefer reading.
EP 7: Real Underlying Issues and Problems in Libra Network
May 06, 2020 10:36 - 28 minutes - 26.6 MBIn this episode, we will unbox the problems, questions and analysis of Libra Network. We will share about the reason Facebook is entering the financial space, how Facebook is looking to extract more value from its platform, the blurred line between government and firms, impact on the Libra coin for retail and institution users. Libra is not just about world domination with money, but how do we build a better financial infrastructure for the future. We have to understand the causes and effec...
EP 6: Facebook Libracoin Economics, solution to financial issues or another overpromise?
April 28, 2020 23:00 - 33 minutes - 60.9 MBIn this episode, we will unbox the economics design of Facebook's Libra network. Applying the token economics framework, we will analyse the economics design of Libra coin based on the new Libra Whitepaper 2.0. Remember to subscribe on YouTube for visual learners and Substack for those who prefer reading!
EP 5: Token Economics Principle 2, Supply and Demand
April 21, 2020 13:42 - 35 minutes - 33.1 MBIn EP 4, we covered behavioural economics, which is principle 1 in token economics. Today, we will come back to the basics of supply and demand. Why we need it, how to govern it and how can we apply to the token economics that you are building.
EP 4: And The Key To Token Success? Behavioural Economics
April 10, 2020 11:23 - 25 minutes - 58.9 MBSo far, we focused on classic economics and how we can apply classic economics into the design of economics systems. In this episode, let's talk about a key underlying principle to manage the ecosystem, behavioural economics. Economics design of the crypto ecosystems are in 2 layers. Layer 1 on classic economics and beautiful mathematical formulas. Layer 2 on behaviours of participants and actions. In this episode, we will dive into What behavioural economics is Why are we like that? Why...
EP 3: Economics, Reinventing The World
April 03, 2020 14:01 - 21 minutes - 19.9 MBPreviously, we looked at the economics design of a video game, as well as what we can learn from viruses that are applicable to economics design. In this video, we take it one step further and look at token economics, as well as how it is redefining the future of the world we live in today. The beauty of token economics is that its possibilities are endless. From art to buildings, the way we invest in assets could be completely redefined with the arrival of tokenisation. The act of tokenisi...
Economics Design Episode 3: Economics, Reinventing The World
April 03, 2020 14:01 - 21 minutes - 19.9 MBPreviously, we looked at the economics design of a video game, as well as what we can learn from viruses that are applicable to economics design. In this video, we take it one step further and look at token economics, as well as how it is redefining the future of the world we live in today. The beauty of token economics is that its possibilities are endless. From art to buildings, the way we invest in assets could be completely redefined with the arrival of tokenisation. The act of tokenisi...
EP 2: CoronaVirus and Evolving Economics Design
March 26, 2020 10:57 - 29 minutes - 40 MBWe can learn so much from biology and how it adapts to changes in the environment. Taking the lesson from Coronavirus, I'm keen to figure out the mechanisms in which viruses adapt and mutate as a result. In this episode, we want to answer 3 fundamental things: 1. What drives evolution? 2. What role does the environment play in evolution? 3. How can we apply this to designing complex evolving economic systems?
Economics Design Episode 2 - CoronaVirus and Evolving Economics Design
March 26, 2020 10:57 - 29 minutes - 40 MBWe can learn so much from biology and how it adapts to changes in the environment. Taking the lesson from Coronavirus, I'm keen to figure out the mechanisms in which viruses adapt and mutate as a result. In this episode, we want to answer 3 fundamental things: 1. What drives evolution? 2. What role does the environment play in evolution? 3. How can we apply this to designing complex evolving economic systems?
Economics Design Episode 1 - I tried to manage animals in Planet Zoo?
December 19, 2019 07:09 - 47 minutes - 65.9 MBThis is the first episode to Economics Design 1. Think it is not relevant to you? If you have ever sold tickets to an event, collected points for a membership, or done management of a space or any sort - economics design is more than relevant to you! In this episode, Lisa tells us how to design a working economics system within a zoo. Tell us what do you want us to try next?
EP 1: I tried to manage animals in Planet Zoo?
December 19, 2019 07:09 - 47 minutes - 65.9 MBThis is the first episode to Economics Design 1. Think it is not relevant to you? If you have ever sold tickets to an event, collected points for a membership, or done management of a space or any sort - economics design is more than relevant to you! In this episode, Lisa tells us how to design a working economics system within a zoo. Tell us what do you want us to try next?