Wyatt & Jake Lynch on Onchain Financial Markets (EP.695)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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This is Wyatt from Castle Island. A few weeks ago, I teamed up with Jake Lynch and Henry Harris from our team to publish an article that explored how to best value a DeFi protocol. In particular, what key metrics should be used to assess value, starting with DeFi lending markets, as these are a cornerstone application of the ecosystem? In retrospect, the September and early October period that we spent doing research leading up to publishing the report marked a cyclical high in the industry. Since then, and namely after the October 10 crash, crypto token valuations have cratered, and DeFi metr
Matt Walsh and Nick Carter are partners at Castle Island Ventures. All views expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and Hosts may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.
Brought down by Bad Mortgage Investments, Lehman, which has 25,000 employees, will be liquidated.
The federal government loans American International Group, AIG, $85,000,000,000.
This is a different kind of market, and the Fed is asleep.
The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the two mortgage giants that have been threatened by the housing crisis.
The Bank England has pumped £75,000,000,000 more into Britain's ailing economy with a new round of constant easing.
They print a couple trillion dollars, and all of a sudden, people started to worry. So out of this worry, we have something called the Bitcoin. Bitcoin.
Jake, thanks for sitting down. The topic of our conversation today so you, Henry, and I, a few weeks ago, published a report that we've been working on for some time. I think it was a question that we'd all grappled with over the last year plus where we were trying to get a sense of what matters when you're valuing DeFi protocols, DeFi apps. People talk about TBL a lot, total value locked, which I think you've seen businesses like Turtle Club and Royco, which are explicitly capital raising tools for DeFi protocols and apps. You've seen the success of them. I think a lot of people question how
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