Tom Schmidt, junior partner at Dragonfly Capital, talks about how liquidators are making money in DeFi — on which protocols, how liquidations work, and how much money they're making. He also discusses how liquidators do their work, how easy it is to create a bot to watch for liquidation opportunities, and how competitive the space is. We also discuss the growing competitive pressures, both from other liquidators as well as savvier borrowers. 
Thank you to our sponsors! 
eToro: https://www.etoro.com
Crypto.com: https://crypto.com/
Kelman Law: https://kelman.law
Episode links: 
Tom Schmidt: https://twitter.com/tomhschmidt
Dragonfly Capital: https://www.dcp.capital
Tom's post on Liquidations in DeFi: https://medium.com/dragonfly-research/liquidators-the-secret-whales-helping-defi-function-acf132fbea5e
Unchained interview on Compound: https://unchainedpodcast.com/how-youll-earn-interest-on-your-crypto-with-compound-ep-82/
Unchained interview on MakerDAO, pt. 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/
Unchained interview on MakerDAO, pt. 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/
Unchained interview on dYdX: https://unchainedpodcast.com/how-dydx-allows-you-to-take-a-short-position-in-one-token-ep-86/
The links from this week's news recap: 
https://unchainedpodcast.com/games-that-look-like-finance/

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