DeFi for Mining | Leo Zhang | Compass Podcast

Bitcoin mining is a great way to generate value from interacting with the network but there are real operational risks that should be considered when mining. What if there was a decentralized way to use financial instruments to hedge against the uncertainties and lock-in the return upfront. Alkimiya Protocol is a smart contract system currently on testnet that allows any consensus producers (miners) to create financial contracts backed by the underlying “consensus resources”. In this episode Leo Zhang from Alkimiya Protocol discusses this permissionless open-source protocol for consensus capital markets. https://twitter.com/leorzhang https://alkimiya.io/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Intro 00:00 Progress on the Alkimiya Protocol? 00:51 How does it work? 04:54 Alkimiya Protocol on different chains? 15:40 Is Alkimiya Protocol defi? 17:44 Alkimiya and the future of BTC 21:33 Is there a market for this? 24:47 MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH  https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Anchor https://bit.ly/3rmb7UF RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD FOLLOW Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices