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