))
Innovating Web3 Treasury Management: The Fyde Journey
Manage episode 409846989 series 3511671
Content provided by Lam Trinh. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lam Trinh or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this 21st episode of Colors of Web3 & Entrepreneurship, we dive into the world of Web3 treasury management with Bo and Carlos from Fyde Treasury. Fyde is a pioneering protocol that aims to solve the challenges faced by DAOs, protocols, and crypto projects in managing their native-token treasuries.
Bo and Carlos share their unique backgrounds, transitioning from traditional finance to the crypto space, and how their experiences shaped their vision for Fyde. They discuss the importance of diversification, risk management, and sustainability in treasury management, highlighting the pitfalls of holding a single native token.
The conversation explores Fyde's innovative approach, including broad market diversification, yield generation, and the preservation of governance rights. Bo and Carlos also shed light on the challenges they've faced, their plans for future growth, and their vision for onboarding traditional businesses into the Web3 ecosystem.
Get ready to gain valuable insights into the world of Web3 treasury management and learn how Fyde is paving the way for a more sustainable and resilient crypto ecosystem.
⌛ Timestamps
00:00 - Episode preview
00:22 - Quick announcement before the episode
00:33 - Introduction about the show and the guests from Fyde Treasury
03:10 - How Bo discovered Web3 and crypto
06:16 - How Carlos discovered Web3 & crypto
12:20 - Involvement with London Business School Blockchain Society
13:20 - Personal hobbies and interests of Bo and Carlos 16:46 - Deep dive into Fyde Treasury
17:50 - Issues with DAO's having treasuries sitting mainly in their own native tokens
24:45 - Features and benefits of Fyde Treasury Protocol
30:55 - Importance of diversification in crypto portfolios and treasuries
35:32 - Safety measures and risk management processes that Fyde uses
39:00 - Building a multifaceted approach to security and performance
40:48 - Stress testing and simulation engine
43:50 - Stochastic analysis for portfolio management
47:23 - Typical clients of Fyde Treasury and gradual treasury allocation
51:36 - Traction of Fyde Treasury Protocol so far (as of recording date in late Feb 2024)
53:12 - Challenges facing Fyde Treasury
57:17 - The Future of Web3 Treasury Management
01:01:03 - Web3 treasury management applied to Web2 businesses - future possibility
01:02:32 - How to onboard 1 billion people into Web3
01:05:05 - Advice for Web3 entrepreneurs
01:07:00 - Where to follow Fyde
01:08:08 - Episode outro and bonus for participating in Fyde Treasury
Follow Fyde Treasury Protocol:
Twitter/X: https://twitter.com/FydeTreasury
Discord: https://discord.com/invite/HXNrWZPBkf
Website: https://fyde.fi
Link to their app and my referral code (so we will both get more points for future airdrop):
App: https://app.fyde.fi/
Referral code: i8qhoBxhdP
My social media if you guys want to follow me:
Twitter/X: https://www.twitter.com/LamWeb3
LinkedIn: https://www.linkedin.com/in/lamweb3/
Website: https://lamtrinh.xyz
If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!
If you want to receive updates and read my long-form writing on Web3, Entrepreneurship, life and everything in between, you can go here to read (and please subscribe): https://substack.com/@lamweb3
Thank you for your support!
49 episodes
Share
