Mission DeFi EP 66 - Has $DYAD solved the algo stablecoin problem? Founder Joey Roth (@joeyroth) explains the gamified power behind his project.

<p>Project Name: DYAD</p> <p>Guest Name: Joey Roth</p> <p>Guest Twitter: <a href="https://twitter.com/joeyroth">https://twitter.com/joeyroth</a></p> <p>Is this the first truly decentralized stablecoin?</p> <p>Radically decentralized DYAD may just solve the problem we've had with getting to an algorithmic stablecoin that is fundamentally decentralized and actually stable.</p> <p>Asfi's tweet that got me interested in the concept: <a href="https://twitter.com/Asfi3333/status/1551708253897105408">https://twitter.com/Asfi3333/status/1551708253897105408</a></p> <ul> <li>0:46 - Joey's background in hardware design and how it applies to DeFi development</li> <li>4:54 - How he moved into DeFi</li> <li>5:30 - How a mechanical engineering background ties nicely into smart contract development</li> <li>6:07 - Radically decentralized protocol</li> <li>9:00 - Hired quants to model it out for the future</li> <li>10:00 - Do people or his family think he is nuts?</li> <li>12:51 - How he came up with the idea and why he decided to solve the problem of stablecoins</li> <li>14:00 - All stablecoins are flawed.</li> <li>16:10 - What it is and how it works</li> <li>16:50 - The prime directive of the protocol is at any time can exchange 1 DYAD for 1 USD worth of ETH</li> <li>32:20 - Why it is better to deploy than fork on another chain and why DYAD will encourage it</li> <li>49:00 - How XP plays a critical role in the platform</li> <li>51:00 - Gamifying the system and the leaderboard</li> <li>51:38 - Dynamic NFTs based on your score / position in the leaderboard</li> <li>59:00 - How they are raising funds fairly and being radically decentralized</li> <li>1:02:04 - Investors liquid on day one and no impact on the protocol if they dump</li> <li>1:02:56 - What he worries about</li> <li>1:05:30 - Audit schedule</li> </ul> --- Support this podcast: <a href="https://anchor.fm/missiondefi/support" rel="payment">https://anchor.fm/missiondefi/support</a>