ethereum's staking network NUMBER_TOKEN eth two nodes now NUMBER_TOKEN each back then didn't seem like a lot of money now it seems like a significant amount of money and the person who gifted it to kimono is anonymous but he wrote a letter that camilla then published and in that letter there were some really interesting ideas that i wanted to to foreground again in it he said the nakamoto consensus incentivizes sharing information as quickly as possible and as freely as possible and he also said that the sustainable value comes from the willingness to share it to meaning meaningfully gift what is a value so in that article he was putting the point that crypto gifting is the yin to crypto capitalism's yang in other words pay it forward give stuff away and we're starting to see this with bitcoin grants we're starting to see quadratic funding but it is so difficult to wrap your head around that concept when if you're coming from a place of not having any money having terrible savings rates your local currencies being devalued all the time to an idea of giving stuff away with no expectation of return what on earth is that all about we are not bill gates here and yet and yet more and more over the course of the last two years i found myself doing this not because i want to be a good person not because i want to be you know seen as someone who's a benefactor whatever just because that's just what i did around this table three people to whom i gifted bored apes now i'm gonna leave it to them to tell you how i did this but it happened it's real and they're here to kind of explain how it happens so so a quick word for our sponsors because without them we couldn't actually make all the shows that we make and the first one up is balancer who've been a fantastic supporter of the defined and consistently proven themselves to be one of the best dNUMBER_TOKEN protocols in town they gas optimized volt architecture makes trading cheaper than anywhere else liquidity providers can optimize their fee earnings using the dynamic fee system that automatically adjust to market conditions you can also use asset managers to lend out idle assets dramatically increasing your capital efficiency because balancer is an open platform for flexible automated markets you can choose from stable pools or weighty pools and in the future tons and tons more designs will be created that frankly we don't even know about yet check it out at balancerNUMBER_TOKEN our next sponsor is other fun fact the name arbor is actually taken from the finnish word for ghost and it's a decentralized open source and non-custodial liquidity protocol built on ethereum depositors earn interest by providing liquidity to lending pools while borrowers can obtain loans by tapping into these pools with variable and stable interest rate options deposit into other protocol and receive a tokens which accrue interest every second right in your wallet and it's fun just seeing your balance just going every second swap any of your deposited assets at any time to get the best yields on the market and for the developers out there other features access to dNUMBER_TOKEN building blocks like flash loans and credit delegation the other project called liquidity pools are now available on ethereum and everyone's favorite side chain polygon gary what was it like what actually happened i have no idea it didn't really land for me when i got it i didn't really understand the the gravity of of receiving a
START_SPONSOR_TOKEN so a quick word for our sponsors because without them we couldn't actually make all the shows that we make and the first one up is balancer who've been a fantastic supporter of the defined and consistently proven themselves to be one of the best dNUMBER_TOKEN protocols in town they gas optimized volt architecture makes trading cheaper than anywhere else liquidity providers can optimize their fee earnings using the dynamic fee system that automatically adjust to market conditions you can also use asset managers to lend out idle assets dramatically increasing your capital efficiency because balancer is an open platform for flexible automated markets you can choose from stable pools or weighty pools and in the future tons and tons more designs will be created that frankly we don't even know about yet check it out at balancerNUMBER_TOKEN our next sponsor is other fun fact the name arbor is actually taken from the finnish word for ghost and it's a decentralized open source and non-custodial liquidity protocol built on ethereum depositors earn interest by providing liquidity to lending pools while borrowers can obtain loans by tapping into these pools with variable and stable interest rate options deposit into other protocol and receive a tokens which accrue interest every second right in your wallet and it's fun just seeing your balance just going every second swap any of your deposited assets at any time to get the best yields on the market and for the developers out there other features access to dNUMBER_TOKEN building blocks like flash loans and credit delegation the other project called liquidity pools are now available on ethereum and everyone's favorite side chain polygon END_SPONSOR_TOKEN