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Economics Design

Economics Design

By Lisa JY Tan
We 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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EP 33: True power of tokenisation.Combine derivatives and Repo to create interest-bearing FlexUSD

Economics Design

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EP 37: Introduction to DeFi Option Protocols #HEGIC #OPYN #OPIUM
DeFi and CeFi options are different. Especially since tokens are involved. Tokens are not involved equally; #HEGIC uses it for staking and governance, #OPIUM uses it as an ERC721 tradable options contract, #OPYN uses it as a collateral for underlying assets. The models and mechanisms are vastly different.    Today, we will cover the general model of how tokens are created, the value being accrued and the how tokens are being used in these systems. Learn more by getting the token economics book: book.economicsdesign.com
33:44
January 22, 2021
EP 36: Using Options as Volatility Hedge I DeFi Options Series
What are options?   Options are an agreement. Remember when you were young and you told your best friend "if we are both single by 40 years old, let's marry each other." It is an agreement to execute at that time.   Similarly, you have that for financial products. Instead of marrying, you buy or sell financial products at a specific price.    Why use options?   There are a few reasons to use options, mainly because it is part of a trading strategy and it can be quite cost efficient with limited risks. It depends on how you use the option.   Another way is to see option as an insurance via a long put strategy. We discuss that in the video too.    CeFi vs DeFi   More importantly, this is to build up towards DeFi options. How are DeFi options different? DeFi options has a protocol (and maybe tokens) to manage transactions and trade within the ecosystem. And that is what we want to look at in the next few episodes. Learn more about token economics and DeFi by getting our book: book.economicsdesign.com 
37:09
January 21, 2021
EP 35: [DeFi Options Series] Market Volatility vs Implied Volatility
In 2021, we will switch it up. Instead of videos in bits and all over the place, we will create a monthly theme. This helps to divide the content out into sizable chunks and digest the information much better. Too much info in 1.5h is a bad thing! In January and February, the theme is options. Specifically, DeFi options. In this episode, we kickstart 2021 with an episode on volatility. Volatility is important to understand what options are. Then, we can understand more about defi options. Options is not like AMMs. There is no "general" model to it, because options can be customised in so many ways. So, tokens relating to options are also very versatile. Hence, I will need 2 months to cover options, and for you to make sense of how we can apply tokens and economics to it. Get the book at book.economicsdesign.com
43:31
January 7, 2021
EP 34: Economics of Cross-chain DEX with Sifchain
DEX, AMM and bonding curve. Again, on this topic. I swear there is a lot of other innovation in the space too, but this week, I want to share something interesting with DEXes and their mathematical mechanism. You can guess that because we're having another whiteboard session! This week is a collaboration with block.science. And we will dive into Sifchain, a cross-chain DEX using Kosmos SDK that includes Layer 1 validation. 3 main things we will cover today:    1. Sifchain's rebalancing model for validators and liquidity provider ecosystems   2. How transaction fees are calculated. Specifically, we reference Uniswap's model (CMM, zero internal fee) and Thorchain (CLP, internal fees embedded) and learn about how it affects Sifchain's onchain transaction.   3. Asymmetric addition of tokens into liquidity pool and how this is different from the other DEX out there Specifically for fees, I want to stress that there are 2 types of fees — internal fees and external fees. - External fees are basically zero fee swaps in Uniswap, with a fixed fee per transaction. This is good for traders.  - Internal fees are fees embedded into the DEX swap. This is good for liquidity providers. Can you think why? Hint: because of impermanent loss! Supplementary reading:    1. More of the specific math models by Block.science https://sifchain.finance/wp-content/uploads/2020/11/The-Token-Economics-of-Sifchain-edited-2.0.pdf     2. Continuous liquidity pools by Thorchain (which I will do a video some day. It's in the list!) https://docs.thorchain.org/how-it-works/continuous-liquidity-pools
1:00:19
December 22, 2020
EP 33: True power of tokenisation.Combine derivatives and Repo to create interest-bearing FlexUSD
In this episode, we show the TRUE power of tokenisation.  How? Interest  earned from derivatives market and tokenise that mechanism.    The DeFi space is getting more complicated with the derivatives market  and bringing in elements of Repo into DeFi. Whilst this is really  extremely exciting, one problem is that it gets more complicated to  understand.    This is what I have been talking about! DeFi is the experimental field and we find the various ways to tokenise value add and bring this new model to traditional finance.   I'm so excited.  TLDR: CoinFlex uses Repo style mechanisms to earn the interest rates  from perp derivatives. The returns are real and is rewarded to FlexUSD  token holders. Thus, FlexUSD becomes an interest bearing USD on crypto.  Think of Aave, but instead of P2P, it's derivatives to spot.    Next step:   1) Start creating #FlexUSD here: https://coinflex.com/user-console/register?shareAccountId=1890   2) Allow the bot to do its thing and earn interest via USDC    Happy holidays 😉   In this episode, we learn in an "Explain Like I'm High-School" style of  What is derivatives and what is the difference in Crypto  What is Repo What is interest bearing FlexUSD? Where is interest coming from?  How do I cash out the interest?  What are the risks involved?  How can I get started with FlexUSD?
38:51
December 7, 2020
EP 32: ELI5 15 DeFi and Crypto Terms || Human Glossary
As much as I want to say DeFi and crypto is easy to enter, it is not  easy to fully grasp and understand it.  First you need to understand  technology. Then to understand math, finance and economics.    This podcast is to help you bridge the learning gaps. A subscriber (shout out to Magnus) mentioned that a general ELI5 episode would be good  to run through the few common terms.     Here, I've picked up 15 terms that are commonly used. Instead of giving  you the "just google what it means" term, this is an ELI5 explanation  with human explanation. That's the best way to learn, in my experience.     15 terms we run through and explain:     *General Classification*  1) Layer 1 2) Layer 2 3) Dapp     *DeFi General Terms*   4) DeFi 5) Money Lego 6) Compostability    *Scalability Problem + Solution*  7) Scalability 8) Sidechain  9) Roll-ups    *More Technical Elaboration*   10) ZK roll-up  11) Optimistic roll-up 12) ZK-SNARKS    *Other Terms*  13) Quadratic Funding 14) Flash loans 15) Front Running My textbook for economics and math of defi and token engineering it now out for preorder! Get it at https://book.economicsdesign.com/home/
30:17
November 23, 2020
EP 31: Bonding Curve Application on Social Community Tokens | NFT
What are social tokens? What are community tokens?  This episode, we  speak with Alex Masmejean to dive into the topic.     Social tokens can be split into 2 categories: community tokens  (signalling reputation) and personal tokens (investing in a person).     Topics we cover:  Bonding curve*: 7:23  Coordination vs speculation management via Treasury: 16:20  Revenue generation into bonding curve: 20:15   Risk in social tokens is promoting bad actions: 20:30  Onchain-offhchain data integration: 28:38  Tokenising future cash flow of artists. How value is justified?: 32:00    Reputation in social tokens VS loyalty points: 38:30  Reputation in social tokens vs #NXM: 40:15  Value generation: how to increase economic value of social token (utility vs dividend): 42:25  Basic legal framework to distribute value: 45:00  1 advice to social token designer: 50:55    *NOTE: The bonding curve mentioned by Alex for uniswap is misleading. The uniswap model is not exactly linear.    
52:29
November 12, 2020
EP 30: Insurance for Impermanent Loss with Bancor V2.1
I started looking at Bancor years ago, because it had the same name as the world currency John M. Keynes had in mind. Their math fascinated me, and that's how I got started with the AMM rabbit hole! The Bancor V1 token economics analysis report (https://www.economicsdesign.com/portfolio/bancor/) is about how Bancor works and what the token does. Bancor has been working on a few improvements, from price slippage issues to impermanent loss. V2 of Bancor was about dynamic weight, which is something really fascinating. But let's focus on their latest update, V2.1. V2.1 follows the static 50-50 weight as V1, aka the Uniswap style. The new introduction is the insurance for impermanent loss. So you will have ZERO impermanent loss. You get subsidised for any losses sustained. How does that work? Let's find out in this episode. We will also cover the supply of $BNT based on the various actions in the ecosystem and how that indirectly affects the price of $BNT. Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
45:47
November 6, 2020
EP 29: Full Interview with Tyler Ward from BarnBridge [BONUS]
You've listened to the episode on BarnBridge, how it works and suggestions to  be made.     Here's the full interview with Tyler Ward, as he explains what they are doing,  what they can do in the future and how the tokens in Barnbridge works.    Enjoy! The summary version with the product economics is the previous episode before this.  Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign
1:19:33
October 31, 2020
EP 29: Token Design and Financial Design of BarnBridge
BarnBridge is a new defi product in the market. Unlike the existing defi  products, BarnBridge goes to a new level of mixing the various existing  protocols.     This is unlike the usual episodes we cover. Usually, it's very economics  design focused. This time, it's more of financial design focus. This is  still relevant to economics, in terms of financial economics.      In this episode, we dive straight to:     - 4 tokens in BarnBridge and comparing them   - Governance structure in #BarnBridge  - Comparing them with existing protocols like $YFI, $AAVE, $SNX   - Understanding the products in BarnBridge  - Sharing 3 suggestions for improvements      Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign
44:13
October 26, 2020
EP 28: Economics of Nexus Mutual (2/2) $NXM
Today, we continue part 2 of the economics of insurance. This episode is  a deep dive into Nexus Mutual, $NXM. I'm not saying that DeFi is all  about bonding curve....... but I'm 100% going to talk about bonding  curve.     **Note: This bonding curve is DIFFERENT from the AMM bonding curve!      Watch the previous video if you have not done because this is part 2: https://www.youtube.com/watch?v=i97PVvQrcnc      This episode, we cover the general workings of Nexus Mutual and how they  used token to align incentives of the various agents: risk assessors,  claim assessors and insurance cover buyers.     More importantly, we also dive into the math of Nexus Mutual and answer  the questions about the monetary policy of $NXM. The why and how things  are affected in the curve.     In general, we follow the economics design framework, looking at Market  Design, Mechanism Design and Token Design aspects of the token. Enjoy!     Want more in-depth content? Join our patreon for premium content at  www.patreon.com/economicsdesign
1:27:00
October 17, 2020
EP 27: Flash Loans & Credit Delegation 101
Crypto/DeFi is more than just the economics, mechanisms and code driving it. One of the other cool things is the innovation in business logic, systems and products. Being in the digital space opens up more opportunities to mitigate inefficiencies and create ways to increase value-add. Today, we are joined by Victor Lee, the CEO of Bitcurate. In this episode, we will dive into flash loans and credit delegation, new innovations by Aave, made possible with the composability of DeFi dapps. Stacking one protocol on top of another, such innovative products can bring some real value-add to the system! Topics we covered What are flash loans? Economic value-add of flash loans Use-cases of flash loans Are flash loans all risk-free? Where is the risk? Flash loan as a trading strategy Credit delegation — the benefits, the risks and the economics Flash Loans beyond Ethereum Flash Loans beyond DeFi — traditional finance and within crypto What should one know to get started with flash loans? Advice to economics designers when building ecosystems Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign
33:53
October 8, 2020
EP 26: Economics of Insurance Industry (1/2) | Nexus Mutual
The insurance business is one of the oldest in the world. Today, it's  worth over US$5 trillion.  Online insurance is only capturing US$31  billion. And in crypto, it's even smaller. That spells opportunities x1.     The insurance industry is so inefficient. That spells opportunities x2.    In this video, we dive into the economics of insurance. This helps us to  better understand Nexus Mutual, when we do a deep dive in the next  video!   In the economics of insurance, we cover the Economics of Signalling,  Economics of Moral Hazards, Principle-Agent Relationship and Law of  Large Numbers.    Quick navigation:  1. Inefficiencies in insurance: 02:55  2. Economics of Insurance: 12:04  3. Risks in DeFi/Crypto: 32:21  4. Risk Sharing Model of DeFi: 48:54  5. (High level) Economics of Nexus Mutual: 54:51    Want more in-depth content? Join our patreon for premium content at  www.patreon.com/economicsdesign
1:08:56
October 1, 2020
EP 25: 2 Risks in DEX, Price Slippage and Impermanent Loss
DEXes are eating up the trading volume of centralised exchange. We covered many areas of DEX, from understanding the mechanism behind to understanding the various math formulas. In the comments, people were asking how to calculate impermanent loss and the risks available. So in this video, we cover 3 main things: What is the general formula for AMM What is the risk of trading within AMM (aka when you are a trader) What is the risk of adding liquidity in AMM and there is a price difference outside (aka when you are a liquidity provider) Apologies for the late upload. I'm a few days behind. Just being slightly busy right now. But I'll promise to continue uploading videos, content and explaining the math so it helps you to make informed decisions. Want more in-depth content? Check out www.economicsdesign.com 
29:04
September 20, 2020
EP 24: A Special Episode on Ponzinomics in Defi and Crypto
The plan for this week is to do a deep dive for Sushiswap. But friday happened and the weekend happened. A lot of gains is swiped out in the S&P financial market and defi financial market. And since the video on "Why DeFi is more than just a Ponzi Scam" has gotten quite a bit of traction, I figured it's good to talk more about Ponzinomics. For Sushiswap, the video will still be produced, with my hypothesis and analysis of the future of $SUSHI. It will be available to premium subscribers on Patreon, so do subscribe to our patreon to support these content! In this episode, we chat about what is ponzi in defi, what ponzinomics really is about, the 10 ponzinomics mechanisms, 2 case studies of scams and how you can protect yourself from ponzinomics scams! Quick navigation: What makes it a ponzi scam Ponzinomics 10 Ponzinomics Methodology How to protect yourself YFFI scam Sushi scam…? How to protect yourself Want more in-depth content? Support us on patreon at www.patreon.com/economicsdesign
42:30
September 10, 2020
EP 23: How to use Bonding Curve Beyond DeFi
We've talked about bonding curves so many times. You'd think I've  exhausted the content. HAH! Not a chance.    Today, we have with us Jeff Emmett from the Common Stacks team, sharing  with us about augmented bonding curves, generalised bonding curves and  various "behind the scene" concepts of bonding curves.    Absolutely follow him on twitter at https://twitter.com/jeffemmett.    Want more in-depth content? Sign up at our Patreon at https://www.patreon.com/economicsdesign
37:47
September 3, 2020
EP 22: NFT, Bonding Curves and Harberger Taxes w Simon de la Rouviere
Today, 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 marginal incentive function in bonding curve Various curve relationships between art and prices Governance in NFT Sustainable funding and efficient economy for artist Combining DeFi with Bonding Curve for collectible art and virtual assets Bonding curve uses in personal tokens 2 advice to economic and system designers Some links on the things we talked about: Radical markets [Book] — https://amzn.to/31wRteX Cadcad [Programming] — https://cadcad.org/ Wild Cards [Project] — https://devpost.com/software/ethcapetown_wildcards This Artwork Is Always On Sale v2 — https://blog.simondlr.com/posts/this-artwork-is-always-on-sale-v2 Exploring Harberger Tax Rates in Virtual Collectibles & Patronage Markets — https://blog.simondlr.com/posts/exploring-harberger-tax-in-patronage-markets Patronage As An Asset Class — https://blog.simondlr.com/posts/patronage-as-an-asset-class Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
34:56
August 27, 2020
EP 21: What is Ampleforth? The Economics Design of AMPL Token [Case Study]
What 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 AMPL What is Synthetic commodity money Economics utility vs financial utility of AMPL How AMPL works using example of hot and cold water Monetary policy of Ampleforth Graph analysis of AMPL Valuation model for AMPL Global trade impacts of AMPL Distribution and allocation analysis of AMPL Want more case studies like these? Subscribe to the premium version of the Patreon to unlock bi-weekly videos like these!
1:11:56
August 23, 2020
EP 20: Fundraising Mechanism with Bonding Curve (4 Use Cases)
We'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: 00:56 Utility token vs Security token in fundraising: 04:06 Bonding curve application in fundraising: 04:52 Utility token: 09:34 Use-case 1, Giveth platform: 10:08 Use-case 2, Aragon platform: 14:17 Use-case 3, Molecule platform: 17:04 Security token: 27:57 Use-case 4, Fairmint platform: 28:15 Application: 32:41 Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Use EARLYBIRD for a discount. 
37:27
August 7, 2020
EP 19: Token Bonding Curve Algorithms for Autonomous Market Makers (DEX)
The 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 DEXes are the same. But the application of how the token bonding curve algorithm is built is different. So we uncover the 4 various algorithms used in the 4 different token bonding curves. Quick navigation: Addressing 3 issues of previous episode: 00:26 Content we will be covering: 05:40 SUMS of token functions: 07:11 TBC in Stable tokens (pegged tokens): 09:17 TBC in Security and Utility tokens: 10:35 TBC in Autonomous Market Maker (AMM): 11:42 Why AMM in Decentralised Exchanges (DEX): 14:39 Which DEX that use AMM: 17:03 Math concepts of Bonding Curve in Autonomous Market Maker : 18:13 General bonding curve in AMM: 23:03 Case study 1, Bancor: 26:41 Case study 2, Uniswap: 34:25 Case study 3, Balancer: 40:18 Case study 4, Curve: 46:29 Application to projects: 50:07 Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Introducing an early bird discount before I refilm all the episodes. You will still get access to the new episodes when it's done! Use code: Earlybird to get 25% discount. Parts will be available on Economics Design soon, when I launch the premium version on 31 Aug 2020.
48:56
August 1, 2020
EP 18: Token Valuation with Token Bonding Curve
⚠️ 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, and taking a dive at a few projects. The episode is split into 2 because it gets quite heavy to digest all the information at once. So part 1 is the more math-y part, for you, as economics designers to grasp. And part 2 is the more application-y part, for you, as economics designers to know how to use it. After all, knowledge is only valuable when applied. Enjoy this first part. We understand token bonding curves, the benefits, where the value accrual is derived from and the various functions to consider. As much as I wish there is 1 perfect function, the functions really depend on the objective of your system and what it wants to incentive or govern. So choose wisely and have fun playing with graphs! Application to token economics framework: 00:38 What is token bonding curve: 03:53 4 properties of token bonding curve: 07:50 Use-cases: 11:38 Where does value come from: 13:37 Risks and ways to mitigate risks: 18:09 4 math functions: 19:30 How to calculate total cost of tokens: 28:39 Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
31:00
July 23, 2020
EP 17: What makes good token economics, so investors will invest in it?
In 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: What makes a good token: 1:04 3 Projects with good token economics: 3:38 Tokens as equity: 8:57 Retalisation trend in DeFi: 11:47 Factors for due diligence: 13:04 Yield Farming: where is the economics value?: 16:05 DeFi moving forward: 20:08 3 tips for token designers and economic designers: 27:14 Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
27:12
July 16, 2020
EP 16: Tokens with Programmable Rules - Leveraged Tokens (E.g FTX)
Alright 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 involved. But don't worry. It's all fun and games. Caution: this is a high risk product! Don't stonk your lives away ok. Level up with #TokenEconomics course: https://education.economicsdesign.com/
43:03
July 9, 2020
EP 15: Yield Farming Economics. Good bad ugly
Yield 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 farming mechanism: 03:21 Yield farming hacks: 09:05 Good, Bad and Ugly: 14:05 Economics of yield farming: 20:40 Applying to projects: 29:56 Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com!
31:24
July 3, 2020
EP 14: Why Bitcoin will NEVER be an international currency
We'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: Short answer in 30 seconds 1:20 History of international monetary order 1:53 Lessons learnt from it 26:43 Bitcoin's possible role in the international monetary order 28:54 Why Bitcoin will never be an international currency 36:25 Want more in-depth content? Join our Token Economics 201 course at www.education.economicsdesign.com! Currently having a discount.
39:32
June 25, 2020
EP 13: How Money has Value (3-step Process)
You'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 and you can choose which section you are interested in. Total lesson time: 15 hours. Join our Token Economics 201 course at www.education.economicsdesign.com!
22:56
June 11, 2020
EP 12: Economics of DAO, the Future of Governance and Liberty
In 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-blockchain platforms.      This episode, we will cover:    What are DAOs  Why are DAOs important  Economics of DAOS: Economics of trust, Economics of coordination,  Economics of allocation    Types of DAOs in the space today      We share about the various projects    #PieDAO #MolochDAO #KyberDAO #MakerDAO #DASH #LAO    Want more in-depth content? Join our Token Economics 201 course at  www.education.economicsdesign.com! (Currently having a discount!)
16:05
June 4, 2020
EP 11: Token Economist Explains How To Design Digital Economies with Tokens (Tokenomics)
Whilst 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 for those who prefer TLDR reading.
32:01
May 27, 2020
EP 10: BUY or BYE-Nance? Binance BNB Token Economics Case Study
Trying 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.education.economicsdesign.com! Watch on YouTube for visual learners and Substack for those who prefer reading.
16:38
May 23, 2020
EP 9: Design your successful token economics with Market Design in 3 ways
Often, 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 and Substack for those who prefer reading. 
22:21
May 14, 2020
EP 8: Bitcoin's Monetary Policy and Implications of the Derivatives Market on 2020 Block Reward Halving
This 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.
28:01
May 10, 2020
EP 7: Real Underlying Issues and Problems in Libra Network
In 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 effects of the design and find solutions to the existing problems. So we do not bring the same problems into the new digital space. Remember to subscribe on YouTube for visual learners and Substack for those who prefer reading!
28:58
May 6, 2020
EP 6: Facebook Libracoin Economics, solution to financial issues or another overpromise?
In 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!
33:11
April 28, 2020
EP 5: Token Economics Principle 2, Supply and Demand
In 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.
35:44
April 21, 2020
EP 4: And The Key To Token Success? Behavioural Economics
So 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 are we so prone to influence? How can we apply behavioural economics applied to token economics? 👀 Watch on Youtube: https://www.youtube.com/channel/UC-o87lCF9HaEuj0R-3VT1yg 🗞Subscribe to Newsletter on Substack: https://economicsdesign.substack.com
25:43
April 10, 2020
EP 3: Economics, Reinventing The World
Previously, 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 tokenising assets has threatened to disrupt many industries in many disciplines, in particular the financial industry. As a designer of the ecosystem and token, there are countless ways to manage the demand and supply of tokens, with the goal being to maximise the value of your tokens in the primary market. As we enter a more data-centric world, we can engineer designs to serve the outcomes we want. Token engineering and token economics are just going to continue increasing demand in this space, and what we optimise as well as how we optimise, is going to keep changing and evolving. 👀 Watch on Youtube: https://www.youtube.com/channel/UC-o87lCF9HaEuj0R-3VT1yg 🗞Subscribe to Newsletter on Substack: https://economicsdesign.substack.com
21:28
April 3, 2020
EP 2: CoronaVirus and Evolving Economics Design
We 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?
29:08
March 26, 2020
EP 1: I tried to manage animals in Planet Zoo?
This 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?
47:59
December 19, 2019