My guest today is Weso, Head of Strategic Partnership at Beefy Finance. Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings. Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem. The main product offered by Beefy Finance are the 'Vaults' in which you stake your crypto tokens. The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite the name 'Vault' suggests, your funds are never locked in any vault on Beefy Finance: you can always withdraw at any moment in time. They have over $1.2B TVL across 10 blockchains with over 700 vaults. Weso is the Head of Strategic Partnership at Beefy Finance. He has been a developer at Beefy for a few months after launch and is now helping further expand their partnership network. If you are interested in DeFi, generating wealth, and chasing yield this conversation is a must listen. In our conversation we discuss a variety of topics including Beefy Finance, Yield Optimization, opportunities in DeFi, Privacy, DAOs, and much more. We begin our conversation discussing the varying degrees of privacy. Weso does an excellent job at explaining the balancing act that comes with trying to build a protocol where the team is anonymous. He explains why he decided to dox himself and the benefit of being transparent in the crypto space. Our conversation transitions to discuss Beefy Finance. We discuss what is a yield optimizer and the power of compound interest as a way of generating wealth. Weso explains Beefy’s strict security standards. Weso also explains what Vaults are and what their role is within the Beefy protocol. Weso explains how Beefy’s is becoming the predominant yield optimizer across DeFi. Our conversation shifts to discuss the inflow of institutional capital into DeFi. Weso explains why institutions are beginning to invest in protocols like Beefy as ways of extracting yields and why he believes this trend is only beginning. Our next topic of discussion centered around market conditions and why Beefy has been able to retain users even with the increased volatility. Our final conversation topic was centered around DAOs. We discuss how DAOs are the future of work and collaboration. We discuss how digital identities will help provide anonymous developers and Web3 participants with a clear path towards reputation building. Please enjoy my conversation with Weso.
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