Mariano Conti | Layer Zero
Mariano Conti is a pillar in the crypto space. Known for revolutionizing smart contracts with Maker, he has built a long resume of building and investing in key projects. He's also a fascinating human being with a unique story.
Tune in to hear Mariano's takes on how the pandemic shaped crypto's narrative, Bull vs Bear markets, finding passion and community, and his musings on going anonymous.
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Topics Covered:
0:00 Intro 3:30 Mariano Conti’s Travels 8:17 Crypto & COVID 11:58 Financial Concerns 20:42 New Paradigm 28:22 New vs Old 34:32 Attention Maximalist 40:30 Mariano Pre-Crypto 50:14 Early Engineering & Investing 55:48 Work Ethic & Passion 1:01:09 Cult & Society 1:06:55 Churn 1:11:00 Builder-Focused Community 1:15:53 Clout, Ego, and Twitter 1:22:32 Anon & What’s Next 1:32:06 Closing
------ Resources:
Mariano on Twitter: https://twitter.com/nanexcool?s=20
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
"Having Legal Tender in a Currency You Cannot Control Means You Cannot Print Problems Away:" Mariano Conti
In this week’s episode I speak with Mariano Conti, the former head of smart contracts at MakerDAO. Mariano knows the value of having permissionless and uncensorable currencies first hand —he started earning in Bitcoin in 2014 in Argentina because pesos would instantly lose value and it was hard to get dollars. When he learned about Ethereum he went all in and started working at Makerdao before DeFi was even a thing in 2016. When Dai was created, he was one of the first to take out a collateralized loan against his ETH and used that loan to buy a car. It must have been the first DeFi loan used to buy an actual physical thing.
The crypto space has come a long way since with an entire financial system built out of money legos and this week with a huge milestone of El Salvador becoming the first country to adopt Bitcoin as legal tender. Mariano talks about this historical moment and why it’s significant that it was a Latin American country to take this step.
Big thanks to our sponsors:
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Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
Aave, an open source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets
SOTN #12: Positioning! w/ Mariano Conti (yEARN deep dive, ETH Golden Age, ETH P/E, Sushi!)
STATE OF THE NATION #12 - Tuesday, September 1st, 2020
Watch on the Bankless YouTube Channel
The State of the Bankless Nation is....POSITIONING!
The bankless boys discuss with Mariano Conti why.
Follow Mariano on Twitter! -----
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STATE OF THE NATION #12 - Tuesday, September 1, 2020 State of the Bankless Nation is....POSITIONING! The bankless boys discuss why. Special Guest...Mariano Conti. Follow Mariano here: https://twitter.com/nanexcool/
TOPICS:
1) YEARN DEEP DIVE (yETH is HUGE)
2) ETHEREUM GOLDEN AGE
3) SUSHI VS UNISWAP
4) ETH P/E IS HILARIOUS
ANNOUCEMENTS:
1) Vance podcast highest viewed - https://www.youtube.com/watch?v=4z3ns...
2) Merch store live - https://merch.banklesshq.com/
3) Ledger deal 20% off - https://bankless.substack.com/p/the-d...
We show:
1) yEarn vaults
2) Trifecta asset tweet
3) YFI in Aave
4) yInsurance
5) YFI governance staking
6) Sushi yields
7) Sushi farms
8) Token terminal
-----
ACTION ITEMS:
1) Try yEarn (warning: highly risky!)
2) Read: How to use yEarn to maximize yield
3) Subscribe to Catch SOTN LIVE every Tuesday at 10am EST (2pm UTC)
-----
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Subscribe to the Bankless newsletter program http://bankless.substack.com/
Visit the official Bankless website for resources http://banklesshq.com/
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Follow DeFi Dad on Twitter
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.
SOTN #12: Positioning! w/ Mariano Conti (yEARN deep dive, ETH Golden Age, ETH P/E, Sushi!)
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/
✊STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI
❤️JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O
🎙️SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
👕BUY BANKLESS TEE: https://merch.banklesshq.com/
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
💸 CRYPTO.COM - BUY, SELL, PAY W/ CRYPTO - GET THE APP
(use "BANKLESS" to get $50 in CRO when you sign up for Visa card)
https://bankless.cc/cryptocomvisa
🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI
http://bankless.cc/zapper
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://bankless.cc/monolith
💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY
https://bankless.cc/AMPL-MINE
-----
STATE OF THE NATION #12 - Tuesday, September 1, 2020
The State of the Bankless Nation is....POSITIONING! The bankless boys discuss why.
Special Guest...Mariano Conti.
Follow Mariano here:
https://twitter.com/nanexcool/
TOPICS:
1) YEARN DEEP DIVE (yETH is HUGE)
2) ETHEREUM GOLDEN AGE
3) SUSHI VS UNISWAP
4) ETH P/E IS HILARIOUS
ANNOUCEMENTS:
1) Vance podcast highest viewed - https://www.youtube.com/watch?v=4z3nsi0yijk&t=184s
2) Merch store live - https://merch.banklesshq.com/
3) Ledger deal 20% off - https://bankless.substack.com/p/the-deal-sheet
We show:
1) yEarn vaults - https://yearn.finance/vaults
2) Trifecta asset tweet - https://twitter.com/nanexcool/status/1298665539972276230
3) YFI in Aave - https://app.aave.com/home
4) yInsurance - https://yinsure.finance/add
5) YFI governance staking - https://ygov.finance/staking
6) Sushi yields - https://sushi.zippo.io/
7) Sushi farms - https://sushiswap.org/farms
8) Token terminiate - https://www.tokenterminal.com/
---
ACTION ITEMS:
1) Try yEarn (warning: highly risky!)
https://yearn.finance/vaults
2) Read: How to use yEarn to maximize yield
https://bankless.substack.com/p/how-to-leverage-yearn-to-maximize
3) Subscribe to Catch SOTN LIVE every Tuesday at 10am EST (2pm UTC)
https://www.youtube.com/c/bankless
-----
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Subscribe to the Bankless newsletter program
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Visit the official Bankless website for resources
http://banklesshq.com/
Follow Bankless on Twitter
https://twitter.com/BanklessHQ
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https://twitter.com/ryansadams
Follow David on Twitter
https://twitter.com/TrustlessState
El Auge de MakerDAO: Un Viaje Personal - Ep.171
Hi everyone, this is an essay by Mariano Conti of MakerDAO that was so popular, personal and relatable, especially to those living in Latin America, that we decided to have Mariano translate it and read it in Spanish. Share it with your Spanish-speaking friends who still don’t understand what crypto is about, to show how it solved real-world problems for at least one person.
Mariano Conti, jefe de contratos inteligentes de MakerDAO, nos lee su ensayo sobre su experiencia personal con criptomonedas, desde el punto de vista de un Argentino cuya familia ha experimentado períodos de hiperinflación, y de un freelancer que recibe pagos por su trabajo desde varios países. Mariano describe la evolución de Maker desde Dai de Colateral Único (ahora Sai) hasta Dai Multi Colateral, y también brinda su perspectiva de los eventos del Jueves Negro y las subastas de deuda subsecuentes que el protocolo debió llevar a cabo para regularizar su situación.
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9 - Going Bankless with Maker | Mariano Conti
Episode: #9 April 27, 2020
Ryan & David talk with Mariano Conti about Dai, Maker, & his epic bankless journey. Learn how Maker can help you go bankless through this conversation with Mariano.
We talk:
Mariano's life in midst of Argentina's capital controls
Why Mariano moved from Bitcoin to DAI and Ether
The components of Maker including: DAI (stability)
Vault/CDP (credit)
Dai Savings Rate (interest)
Governance (MKR token)
Centralization risks of Maker
Is Maker the last say on decentralized stablecoins?
What's it going to take to see 1m people into DAI?
This is our first of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Stay tuned for the next two episodes! Before the episode begins we also talk about: The Lendfme hack & what it implies
Insanity of negative oil prices!
-----
Tools from our sponsors to go bankless:
Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
Monolith - holy grail of bankless Visa cards
Aave - money lego for lending & borrowing
Zerion - portal to your DeFi portfolio
----- Resources discussed:
VIDEO: How I Survive Argentina's 50% Inflation - Mariano
PODCAST: Rise of MakerDAO: A Personal Journey - Mariano
Learn how Brice pays for his lunches with DAI - Bankless
Follow Mariano's on Twitter
----- Episode Actions:
Check out Maker protocol
How to get a DAI Savings Account - Bankless Tactic 23
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The Rise of MakerDAO: A Personal Journey - Ep.167
Mariano Conti of MakerDAO, head of smart contracts at MakerDAO, reads from his essay about his personal experience with cryptocurrency, particularly as an Argentine whose family has experienced periods of hyperinflation, and as a freelancer accepting payment from foreign countries. He describes the evolution of Maker from single-collateral Dai (now Sai) to multi-collateral Dai, and also gives his perspective on the events of Black Thursday and the subsequent debt auctions the protocol undertook to right itself.
Thank you to our sponsors!
Crypto.com: https://crypto.com/
Kraken: https://www.kraken.com
Episode links:
Mariano Conti: https://twitter.com/nanexcool
Linda Xie’s essay about crypto memes on Unchained : https://unchainedpodcast.com/how-memes-can-help-crypto-go-mainstream/
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Think a DAO Will Automate Things? Think Again - Ep.141
Mariano Conti, the head of smart contracts for MakerDAO and creator of SelloutDAO, and Peter Pan, the summoner for Metacartel DAO, discuss all things DAOs, including how Peter started Metacartel DAO after being rejected from MolochDAO, and why Mariano initially voted against Peter joining. (Peter eventually joined.) They also discuss how they came to form YangDAO, why Mariano almost rage quit MolochDAO after the YangDAO formed, and how other MolochDAO members felt about SelloutDAO, which Mariano describes as an experiment in "on-chain corruption." We discuss how DAOs are actually heavily built on trust and why they require a lot of social coordination off-chain. They also discuss funding for LAOs, which have a legal entity such as an LLC affiliated with them, why Metacartel is launching a LAO, and which types of projects should be funded by DAOs vs traditional corporate structures. We also cover governance issues at MakerDAO, why it has a CEO, and what role leadership in general plays in a DAO.
Thank you to our sponsors!
Crypto.com: https://crypto.com/
Kraken: https://www.kraken.com
CipherTrace: http://ciphertrace.com/unchained
Episode links:
Mariano Conti: https://twitter.com/nanexcool
Peter Pan: https://twitter.com/pet3rpan_
MakerDAO: https://makerdao.com/en/
https://chat.makerdao.com
Metacartel DAO: https://www.metacartel.org/
https://twitter.com/meta_cartel
SelloutDAO: https://selloutdao.com/
Unchained interview with Ameen Soleimani of MolochDAO: https://unchainedpodcast.com/molochdao-could-this-decentralized-autonomous-organization-help-ethereum-scale-faster/
Unchained interview with Santiago Siri: https://unchainedpodcast.com/how-blockchains-can-help-create-little-democracies-everywhere/
DAO Revival: https://www.coindesk.com/in-berlin-a-dao-renaissance-begins
https://www.bloomberg.com/news/features/2019-10-05/crypto-rebels-trip-over-each-other-en-route-to-financial-utopia
Andy Milenius’s account of MakerDAO’s change from a decentralized to a centralized project: https://www.scribd.com/document/407743542/Zandy-s-Story
CoinDesk story on the rift: https://www.coindesk.com/darkest-days-yet-purple-pill-tell-all-details-years-long-rift-at-heart-of-makerdao-stablecoin-project
Two most recent MakerDAO votes: https://vote.makerdao.com/executive-proposal/keep-the-stability-fee-set-to-a-total-of-105-per-year
https://vote.makerdao.com/executive-proposal/lower-the-stability-fee-by-2-to-a-total-of-85-per-year
https://vote.makerdao.com/polling-proposal/qmpem83sxjjwe1jvn2csdtetn4r3j95ejuzpbmtxef4lu5
Unchained interviews with Rune Christensen of MakerDAO: Part 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/
Part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/
MakerDAO vulnerabilities:
ETH could have been stolen: https://hackerone.com/reports/684092
https://thenextweb.com/hardfork/2019/10/03/makerdao-security-vulnerability-ethereum-dai-stablecoin-collapse-theft-cryptocurrency/
The LAO: https://medium.com/openlawofficial/the-lao-a-for-profit-limited-liability-autonomous-organization-9eae89c9669c
Critique of the LAO: https://prestonbyrne.com/2019/09/03/the-lao-demystified/
MakerDAO launching multi-collateral Dai: https://www.coindesk.com/makerdaos-multi-collateral-dai-token-is-launching-nov-18
https://blog.makerdao.com/breaking-launch-date-of-multi-collateral-dai-announced-at-devcon-5/
Are DAO’s legal? https://www.coindesk.com/new-interest-in-daos-prompts-old-question-are-they-legal
Unconfirmed interview with Uniswap: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/
Unconfirmed episode with Ryan Zurrer about resurrecting the DAO: https://unchainedpodcast.com/why-ryan-zurrer-would-like-to-see-a-new-dao/
Unchained interview with Aragon: https://unchainedpodcast.com/how-aragon-hopes-to-improve-on-democracy/
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