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  • DeFi and staking are classified as two different animals. And yet, both facilitate a protocol-level interaction with a smart contract that pays a yield over time. For that reason, Tim Ogilvie and the team at Staked are playing in both arenas, helping customers put their idle crypto to use.

    Tim is the Cofounder and CEO of Staked, a crypto platform that helps institutional investors reliably and securely compound their crypto assets. On this episode of Wyre Talks, Tim joins us to share his team’s mission around creating an easy-to-generate yield button and offer a high-level overview of the Staked infrastructure. He walks us through the metrics the team uses to judge its performance in terms of security and reliability and explains how his experience as a validator has changed his view of the space.

    Tim goes on to address Staked’s first DeFi product, Robo Advisor for Yield or RAY, discussing how it outperformed several other competitive rebalancing products and why the team wants RAY to be an open standard rather than staked product. He also weighs in on the current share of alpha that Staked earns, how that benchmark rate is defined, and the decisioning models the team uses to determine their potential market impact. Listen in for Tim’s take on KYC/AML and learn the benefit of smart contracts in terms of money operating like a pool—without being truly mixed.

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Louis on Twitter: https://twitter.com/louAboudHogben

    Follow Tim on Twitter: https://twitter.com/tim_ogilvie
    Follow Staked on Twitter:https://twitter.com/staked_us


    Today’s Topics

    [0:20] Tim’s 20-year career in entrepreneurship and what drew him to crypto

    [1:16] What inspired Tim’s transition from Wall Street to the risky world of startups

    [2:44] How Tim’s work on a debt derivatives desk informs his work at Staked

    [4:01] Where Tim thinks the crypto space is headed in terms of financial products based on interest rates

    [5:45] The volatility of forward yield markets and the subsequent challenge around defining a risk-free rate in Bitcoin

    [6:30] What Staked looked like in the beginning

    [7:51] A high-level overview of the Staked infrastructure

    [8:38] What metrics Staked uses to judge itself and other stakers

    [9:31] The Staked team’s mission to make it easy to take advantage of passive opportunities in crypto + what customers need to show up with to facilitate that

    [10:37] Why Staked runs its servers on a combination of public cloud and on-premise infrastructure

    [11:12] Why Staked does not charge fees for individual pieces of infrastructure

    [11:42] Determining which proof-of-stake coins require high-performance infrastructure to run a node based on performance, security and decentralization

    [13:17] How Tim’s experience running validators has changed his view of the space

    [14:41] Tim’s insight on the relatively low operating costs associated with PoS networks + why secure enclaves are much more expensive

    [16:41] Tim’s take on the profitability of a staking-as-a-service business model

    [18:36] How Staked benefits from running several different networks at once

    [20:17] The fee pressure among validators on Cosmos + why validator fees are rising in general

    [21:50] Other products and services Staked might provide in building a premium product

    [22:46] How the common theme around putting idle crypto to use inspired Staked’s DeFi vision

    [24:36] Staked’s first product in the DeFi space and how it works

    [25:22] How RAY might evolve to support more sophisticated pricing and evaluate risk

    [29:11] The DeFi opportunities the Staked team might add to RAY (i.e.: staking, liquidation tools)

    [29:51] How pricing is likely to evolve for RAY’s option to bid on underwater loans

    [31:10] How RAY outperformed several other competitive rebalancing products + how it will be better able to take advantage of opportunities and service new markets as its pool increases

    [33:51] Tim’s thoughts on KYC/AML + the advantage of smart contracts in terms of money operating like a pool without truly being mixed

    [36:19] How RAY is creating SPVs to bridge centralized lending services

    [37:10] Why the Staked team wants RAY to be an open standard rather than staked product

    [38:46] The decisioning models the team uses to determine their potential market impact

    [40:11] How RAY earns revenue in lieu of fees

    [40:46] The RAY token model and Staked’s approach to developing a decentralized product

    [41:50] The current share of alpha that Staked earns and how the benchmark rate is defined

    [42:48] Tim’s vision for the future of RAY + its potential distribution play to wallets and exchanges

    [44:52] Opportunities around forwards, spot prices and other DeFi functionalities that developers are exploring with the latest Staked tech

    [46:05] The most-requested features Staked customers are asking for

    [46:50] Tim’s prediction that the space will move toward a fixed interest rate model

    [48:24] How Tim thinks about Staked’s role in helping protocols define their own risk properties

    [49:41] How customers maintain their role in governance while Staked serves as a technical pass-through

    [50:19] Tim’s insight around smart contract insurance and the challenges associated with pricing it effectively

    [51:57] The demand for building an effective borrowing product

    [52:22] Tim’s view of early exit opportunities as the next big thing in the passive income space

    [53:16] How validators think about the nuances of high inflation vs. low inflation coins

    [56:34] Tim’s advice around recruiting capital for hobbyists interested in running a node

    [57:42] Why Tim is excited about projects like Cosmos, Polkadot and Keep in allowing for interchain activity

  • Imagine having the capacity to build a website that only you can put up or take down. A website that doesn’t require you to answer to any government or powerful company. A truly censorship-resistant website created on a decentralized registry.

    Brad Kam is the Cofounder and Head of Business Development at Unstoppable Domains, a blockchain startup that makes crypto payments simple and facilitates the creation of such censorship-resistant websites. On this episode of Wyre Talks, Brad joins us to discuss the custody problem with centralized domain registries and explain how Unstoppable Domains is building a decentralized system that works for wallets and websites simultaneously. He shares the idea of using extensions to support blockchain-based domains and the value of Unstoppable’s ecosystem partnerships with those browser extensions as well as IPFS providers and wallets.

    Brad goes on to address how Unstoppable Domains differs from ENS, functioning as both a registry and registrar and driving adoption through a sunrise period for brand owners. He also weighs in on the team’s conscious decision to be unifying and inclusive of any currency or wallet, describing the current customer profile and the most interesting use potential use cases for the platform. Listen in for insight around Unstoppable’s show-don’t-tell approach to marketing its censorship-resistant sites and learn how Brad thinks about balancing global free speech with ethical concerns.

    Follow Thomas on Twitter: https://twitter.com/tomscaria

    Follow Unstoppable Domains on Twitter: https://twitter.com/unstoppableweb


    Today’s Topics

    [0:28] How living in ‘the house that Bitcoin built’ inspired Brad’s interest in crypto

    [1:16] Brad’s previous referral marketing SaaS startup, Talkable

    [1:50] How the 4 cofounders met and decided to work together on Unstoppable Domains

    [3:04] The custody problem around centralized registries

    [3:53] Why domain pricing differs across registries

    [4:53] How top-level domains leverage marketing efforts to gain traction

    [6:14] What you can do through Unstoppable Domains in terms of making crypto payments and building websites

    [7:59] The Unstoppable Domains team’s progress to date

    [8:46] Why Brad’s team decided to build on the Zilliqa blockchain and the value of high transaction throughput

    [9:41] The simple process of creating an Unstoppable Domain that works for wallets and websites simultaneously

    [11:53] Using extensions to support blockchain-based domains

    [12:46] Unstoppable Domains’ partnerships with IPFS providers, browser extensions and wallets

    [14:46] How Unstoppable Domains stores data from multiple crypto addresses

    [16:00] How Unstoppable Domains differs from ENS

    [18:07] Unstoppable’s plans to auction top domains

    [19:19] Unstoppable’s adoption thus far + the site’s customer profile

    [20:29] The ethical concerns around picking top-level domain names

    [21:25] The Unstoppable team’s conscious decision to be unifying and inclusive of any currency or wallet

    [22:01] How Unstoppable is addressing domain squatting with a sunrise period

    [22:22] Unstoppable’s show-don’t-tell approach to marketing its censorship-resistant news sites

    [24:13] Interesting use cases for Unstoppable (i.e.: political conflicts)

    [24:55] How Brad thinks about ethics on the platform + how users can choose filters to match their beliefs

    [26:44] The future of the Unstoppable Domains product


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  • Scalability. Interoperability. Liquidity. Any number of projects in the crypto space are working to tackle these problems. But just one is solving for all three at the same time and leveraging cashflow incentives to encourage participation in the network.

    Varun Vruddhula is the Founder of Hashflow Network and Lawson Baker serves as an Advisor and Acting Head of Operations for the team. On this episode of Wyre Talks, Varun and Lawson join us to discuss the problems Hashflow is trying to solve in terms of binding ETH and BTC—while achieving scale. They speak to the three players in the Hashflow ecosystem, describing how they interact on the network and sharing the profile of an ideal hub, watch tower and trader.

    Varun and Lawson go on to explain how the Hashflow front end will parallel the Bloomberg terminal and address the flow of funds on the network. They also weigh in on the project’s token design and how it enables Hashflow to bootstrap liquidity, discussing how small and large exchanges alike benefit from joining the network. Listen in for insight around how cryptographic proofs are to crypto what paper currency is to commodity money and learn how Hashflow solves for the biggest problems in the crypto space and incentivizes participation through its unique cashflow token design!

    Follow Thomas on Twitter: https://twitter.com/tomscaria

    Follow Varun on Twitter: https://twitter.com/GandalfTheBr0wn
    Follow Lawson on Twitter: https://twitter.com/lwsnbaker
    Follow Hashflow Network on Twitter: https://twitter.com/hashflownetwork


    Today’s Topics

    [0:55] How Varun’s background in the space industry led him to the crypto space

    [5:01] Lawson’s journey from investment banking to FinTech startups to crypto

    [8:38] The core problems Hashflow is trying to solve, including scalability, interoperability and liquidity

    [10:14] How Varun was inspired by Lightning Network, Plasma and SUMOKOIN and what drew Lawson to the Hashflow project

    [20:04] The three players in the Hashflow ecosystem and how they interact on the network

    [25:47] The profile of an ideal Hashflow hub, watch tower and trader

    [30:56] How the Hashflow front end will parallel the Bloomberg terminal + the roadmap for what the team is building

    [33:59] The flow of funds on the Hashflow Network and how it executes around proof of solvency and profit insurance

    [42:26] How Hashflow safeguards users against false prices

    [44:30] Varun’s insight into the concern around double spending on Hashflow

    [47:06] Why Hashflow allows anyone to report prices but incentivizes only those used by users and exchanges

    [52:55] How Varun made decisions around what parameters to standardize and when to allow freedom of choice

    [56:26] How its token design enables Hashflow to bootstrap liquidity

    [58:09] How both small and large exchanges benefit from joining the Hashflow network

    [59:45] The process of joining the Hashflow network

    [1:00:52] The top concerns expressed by exchanges and OTC desks in terms of integration costs and business opportunity

    [1:05:13] The strategic impact of anyone being able to create an exchange on Hashflow

    [1:07:41] What differentiates Hashflow from the projects it’s compared to most often (i.e.: 0x, Arwen and tBTC)

    [1:14:07] Varun’s insight around how cryptographic proofs : crypto what paper currency : commodity money

  • Here at Wyre, we’re in a unique market position, serving as a bridge from the traditional payments ecosystem to the Wild West that is cryptocurrency. And we spend a lot of time on the podcast getting granular about innovative crypto projects and blockchain technology, but we have yet to focus our attention exclusively on the payments space. Until today, that is!

    On this episode of Wyre Talks, we’re discussing key trends in the payments industry over the last five years, digging into the rise of challenger banks and how regulations have influenced the evolution of the space. We introduce the concept of strong customer authentication (SCA), explaining how it’s creating a liability shift from merchants to banks, and explore the slow pace of regulatory change in the US as compared to Europe.

    Jack weighs in on the brilliance of WeChat Pay and China’s influence in the realm of device-based payments, and we look at the anticipated timeline for widespread adoption of contactless value exchange. Finally, Michael weighs in on the way hardware providers are hedging out of chargeback risk through biometric authentication and the telling link between payments and identity. Listen in for insight around how companies like Apple and Google are well-positioned to enter the crypto space and learn how that reality informed the launch of the latest Wyre Widget.

    Follow Thomas on Twitter: https://twitter.com/tomscaria

    Follow Mike on Twitter: https://twitter.com/MichaelDunwort1
    Follow Jack Jia on Twitter:https://twitter.com/demonopolize
    Follow Wyre on Twitter:https://twitter.com/sendwyre

    Wyre's Website: https://www.sendwyre.com

    Today’s Topics

    [0:26] The top trends in the payments industry over the last five years

    [6:18] How much recent changes in payments have been driven by the regulatory landscape

    [8:21] The concept of strong customer authentication (SCA) and how it’s creating a liability shift

    [14:38] Why regulatory change in the US is so much slower than Europe

    [21:35] The brilliance of WeChat Pay and China’s influence in the realm of device-based payment

    [24:52] The anticipated timeline around widespread adoption of contactless payments

    [27:38] How hardware providers are hedging out of chargeback risk via biometric authentication

    [31:52] How fraudsters are likely to respond with deep fakes and pump schemes

    [35:34] The link between payments and identity

    [40:04] How Apple is positioning itself to enter the crypto space

    [45:20] The new Wyre Widget product and how it fits into the crypto experience

    [52:57] Michael and Jack’s insight around the next iteration of payments

  • It’s no surprise that Joey Krug is a fan of taking calculated risks. After all, he was betting on horse races (and winning) in middle school and eventually created a mechanism for making bets on the blockchain. As an early crypto developer, Joey had the opportunity to meet a lot of promising entrepreneurs. And ultimately, he put together a syndicate to invest in the projects with the most potential.

    Joey is the creator of Augur, the decentralized oracle and prediction market protocol built on Ethereum, and the Co-Chief Investment Officer with Pantera Capital, an investment firm focused exclusively on ventures related to blockchain tech, digital currency, and crypto-assets. On this episode of Wyre Talks, Joey joins us to discuss the inception and early days of Augur and explain why the team chose to raise money through an ICO — the first on top of Ethereum. He describes how Augur has evolved, shifting from a reporting to a dispute-based model, disincentivizing invalid markets, and incorporating the use of DAI in V2.

    Joey goes on to address how companies building on Augur are tackling US regulations and offer his take on what should and should not be regulated by the government. He also covers the advantages of using Augur overrunning a centralized operation, sharing the benefits for users in terms of limits, odds, and fees. Finally, Joey walks us through his transition to angel investing, explaining how he came to work with Pantera and how he evaluates investments with regard to team, product, and market. Listen in for Joey’s insight around the prerequisites for DeFi mass adoption and learn about the scalability projects he is excited to see the launch in the near future!

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Louis on Twitter: https://twitter.com/louAboudHogben

    Follow Joey on Twitter: https://twitter.com/joeykrug
    Follow Augur on Twitter: https://twitter.com/AugurProject
    Follow Pantera on Twitter: https://twitter.com/PanteraCapital

    Today’s Topics

    [0:30] Joey’s introduction to Bitcoin mining and building on Ethereum

    [3:36] The inception of Augur

    [4:59] Why Joey’s team pursued a crowd sale to raise money over venture capital

    [6:15] How the Augur team created an incentive model around its tokens

    [7:15] The profile of the average participant in the Augur ICO

    [8:01] Augur’s shift from a reporting to dispute-based model and reduced dispute period

    [10:23] How V2 of Augur is disincentivizing invalid markets and allowing the use of DAI

    [13:23] How Joey’s day-to-day involvement in Augur has changed post-ICO

    [14:56] The pros and cons of running a distributed team

    [17:34] Joey’s insight on deciding what Augur should build internally vs. what external developers should build

    [19:30] How companies building on Augur are tackling regulatory issues in the US

    [20:56] The advantages of using Augur overrunning a centralized operation

    [22:25] The benefit of Augur for users in terms of limits, odds, and fees

    [23:20] Joey’s insight on political events + sports as the premier use cases for crypto prediction markets

    [24:30] Joey’s thoughts around what should and should not be regulated by the government

    [27:20] How the team is building compliance tools into Augur

    [28:48] The tradeoffs Augur is making to maintain a sound regulatory position in the US

    [30:52] How Augur’s solution to the oracle problem differs from that of UMA

    [33:47] Joey’s take on the problem of parasitic use of oracles

    [36:03] Joey’s transition to angel investing and how he came to work with Pantera

    [40:14] The three main funds Joey works with at Pantera

    [40:41] What Joey would do differently around Pantera’s digital asset and ICO funds at a time of massive flux in the crypto markets

    [42:50] How Joey thinks about assets in the ERC-20 token space

    [44:25] Whether governance tokens have value independent of a direct economic incentive

    [45:37] How Joey evaluates investments in terms of team, product and market

    [48:28] The major moat growing around Ethereum

    [49:02] The Layer 1 platforms with a potential value prop for developers

    [51:01] What Layer 1 platforms need to do from a go-to-market standpoint

    [52:16] Why Layer 2 projects that sold equity should monetize at the UI layer rather than the protocol layer

    [54:26] Why it’s advantageous to build your UI and protocol layers at the same time

    [55:32] Joey’s thoughts on the existing interoperability solutions (e.g.: Cosmos and Polkadot)

    [59:09] Why massive scalability and better fiat onramps are prerequisites for the mass adoption of DeFi

    [1:00:51] What Layer 2 primitives Joey would like to see built in DeFi

    [1:03:25] The advantages and disadvantages of building on open-source platforms

    [1:04:16] Joey’s take on sharding as a scaling solution and how it might impact DeFi

    [1:05:53] Joey’s crypto thesis + how he sees the misfits of other markets driving adoption

    [1:08:52] The scalability projects Joey is excited to see launch in the near future and their potential to facilitate exponential growth in the space

  • GNOSIS is a pioneer in the Ethereum ecosystem, creating the first implementation of both the multisig and smart contract wallets. Their pivotal technology served as the backbone for many ICOs, and the GNOSIS team was the first to leverage the Dutch auction for trading. So, how did the team at GNOSIS become trailblazers in the crypto space? And how are they working to demonstrate the value of fully decentralized prediction markets?

    Stefan George is the Co-Founder and CTO of GNOSIS, a prediction market platform that allows users to create custom forecasting applications and produce an entirely new asset class of conditional tokens they can then trade or hold. Today, Stefan joins us to discuss the GNOSIS team’s core mission to originate a prediction market system capable of aggregating global knowledge. He shares the use cases for prediction markets, including information discovery, incentivizing behavior and establishing financial markets.

    Stefan goes on to describe how financial markets created on prediction systems differ in terms of bounded loss and winnings and walk us through the process of creating a market on GNOSIS. He also explains the concept of conditional token design, the team’s decision to utilize a Dutch auction model, and the new dxDAO governance community. Listen in for Stefan’s insight around their consumer-facing products, the GNOSIS Multisig Wallet and GNOSIS Safe, and learn how they are becoming the first company with a license to operate a fully regulated prediction market!


    Follow Thomas on Twitter: https://twitter.com/tomscaria

    Follow Stefan on Twitter: https://twitter.com/stefandgeorge

    Follow Gnosis on Twitter: https://twitter.com/gnosisPM

  • If you ask Lasse Clausen, tokenized networks are better than free. And that’s why he has created a crypto investment fund around a token maximalist philosophy. A fund that capitalizes on permissionless innovation and declining trust in companies and governments. The 1kx thesis is flexible enough to adapt to the fast-moving blockchain space yet focused enough that it affords the team conviction—even when tokens are out of fashion.

    Lasse is a Founding Partner at 1kx Capital, a token fund designed to be the most founder-friendly and helpful source of early-stage capital for crypto projects. Today, Lasse joins us to discuss how his background as a software entrepreneur led him to create a crypto investment fund and offer insight around the current venture environment in the blockchain space. He shares the 1kx thesis for making investment decisions, describing how permissionless innovation and the omnipresence of trust inform their philosophy of token maximalism.

    Lasse goes on to explain 1kx’s narrow focus around Ethereum and their advantage in being an evergreen fund. He also weighs in on the transparency he looks for in a crypto founder and the value 1kx provides its projects in terms of storytelling and investor relations. Listen in for Lasse’s take on the most interesting crypto subsectors, payments, DeFi and Web3, and learn about the strengths and weaknesses of the crypto ecosystems in Berlin, Silicon Valley and Asia.

    Follow Thomas on Twitter: https://twitter.com/tomscaria

    Follow Lasse on Twitter: https://twitter.com/lalleclausen

    Follow 1kx on Twitter: https://twitter.com/1kxNetwork

  • The most powerful financial tools available live on the blockchain. The problem is, only crypto aficionados currently have access to these decentralized financial protocols like Kyber, Uniswap, Maker, and Compound. So, how can we serve the investing, trading and borrowing needs of non-crypto users, abstracting the complexities of the blockchain to bring DeFi to the world?

    Itamar Lesuisse and Julien Niset are the cofounders of Argent, the first smart wallet for Ethereum-based cryptocurrencies and apps. Today, they join us to discuss how the team identified wallets as the biggest problem to solve in the space, landing on smart contracts as the best way to circumvent the need for users to remember a seed phrase. Itamar and Julien walk us through the two user types, owners and guardians, describing how Argent creates a smart contract wallet around a particular externally-owned account or EOA.

    Itamar and Julien go on to offer an overview of the Argent wallet architecture and the different types of contracts it supports, explaining how to create new modules on the platform and sharing examples of modules that integrate with—and provide access to—the best DeFi protocols. They also cover the Argent auditing process as well as the team’s plan around navigating regulations. Listen in to understand Itamar and Julien’s aim to onboard millions of non-crypto users, abstracting the complexities of the blockchain to serve as a gateway to the decentralized web.

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Andrew on Twitter: https://twitter.com/amcassetti

    Follow Itamar on Twitter: https://twitter.com/itamarl
    Follow Julien on Twitter: https://twitter.com/jniset
    Follow Argent on Twitter: https://twitter.com/argentHQ

  • It goes without saying that DeFi is better with Bitcoin as collateral. And there is an appetite among BTC holders for ways to actively apply our money. But as of yet, there is no way to bring Bitcoin onto Ethereum that is censorship-resistant and adheres to the #1 principle of BTC: No printing money. Until now. The newly formed Cross-Chain Group is working on a project that facilitates interoperability known as tBTC Network.

    Matt Luongo and James Prestwich are the crypto OGs behind tBTC, a decentralized, redeemable, BTC-backed ERC-20 token that gives Bitcoin users access to financial services on other chains. Today, they join us to discuss how their respective expertise in secure multiparty computation and stateless SPV led to their partnership on tBTC and the founding of Cross-Chain Group. Matt and James explain the technical and economic guarantees of tBTC that satisfy Bitcoin users and offer us a high-level overview of the system’s functionality, including how tBTC is minted and redeemed.

    Matt and James go on to cover how tBTC signing groups are selected and how the system ensures they are behaving honestly, discussing how the network handles aborts versus fraud and its backup auction mechanism for sourcing liquidity when slashing conditions happen. They also explain their decision to launch with an authority-based price feed mechanism and later transition to a federation-based one. Listen in for insight around what the success of tBTC might mean for Ethereum and learn how Cross-Chain Group is working to further interoperability via collaboration and development in the crypto space.

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Louis on Twitter: https://twitter.com/louAboudHogben

    Follow Matt on Twitter: https://twitter.com/mhluongo
    Follow James on Twitter: https://twitter.com/_prestwich
    Cross-Chain Group website: https://crosschain.group

  • Crypto is a different animal. Investors who play in the blockchain space are putting their money on a science experiment rather than a company with a business plan. And the pace and complexity of the ecosystem make it impossible to have a depth of knowledge in any one area. So, the best crypto venture investors can do is secure a broad understanding of the space and adapt their beliefs to the world as it changes.

    Haseeb Qureshi is a former general partner at cryptocurrency hedge fund MetaStable Capital. Today, he joins us to share his unconventional path to crypto, describing how his background as a professional poker player and experience in consumer payments at Airbnb inform his work as an investor. Haseeb explains why he focuses on layer one smart contract platforms and what differentiates one from another.

    Haseeb weighs in on the attack factor associated with stable coins and why Bitcoin is less susceptible. He also shares his view of how the current macroeconomic environment might influence Bitcoin adoption and why it’s nearly impossible to ‘out-Bitcoin Bitcoin.’ Listen in for Haseeb’s insight on the bottlenecks preventing second-wave crypto adoption and learn about the opportunities he sees in porting protocols built on Ethereum to up-and-coming blockchains

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Louis on Twitter: https://twitter.com/louAboudHogben

    Follow Haseeb on Twitter: https://twitter.com/hosseeb

  • The creators of Perlin still hold the long-term vision of developing a revenue-generating distributed ledger system that closes the wealth gap. But until smartphones are powerful enough and broadband speeds are fast enough, the team has expanded its scope to include Wavelet, a DAG ledger that powers WebAssembly smart contracts.

    Kenta Iwasaki and Dorjee Sun are the cofounders of Perlin, a crypto project powering the future of trade with enterprise solutions built on top of the world’s fastest public ledger. Today, Kenta and Dorjee join us to share their ten-year plan to realize a decentralized cloud compute platform and explain how the network evolved to include smart contracts—with international trade applications. They introduce us to DAG architecture, describing how it leverages alternatives to the longest chain rule and discussing Wavelet’s unique snowball sampling solution for identifying the valid chain.

    Kenta weighs in on the main design flaw of Avalanche as a consensus mechanism and offers a high-level overview of how Wavelet achieves total ordering of transactions. He also walks us through the recent Wavelet benchmark, revealing the system’s impressive numbers in terms of transactions per second and time to finality. Listen in to understand the key considerations for smart contract developers building on Perlin and learn how its leaderless proof-of-stake governance model solves for the safety concerns associated with other modern proof-of-stake ledgers

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Louis on Twitter: https://twitter.com/louAboudHogben

    Follow Perlin on Twitter: https://twitter.com/PerlinNetwork
    Follow Kenta on Twitter: https://twitter.com/xtwokei
    Follow Dorjee on Twitter: https://twitter.com/dorjeesun

  • The ZRX token was created to facilitate governance for 0x as a public piece of infrastructure. It gave the community voting rights and was baked into the settlement layer as a way to collect fees. The idea was to get the token into the hands of the platform’s users. But soon after launch, the team realized their hypothesis was wrong, and they have spent the last 18 months developing a new token economics model that rewards liquidity providers.

    Will Warren and Amir Bandeali are the cofounders of 0x, an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. Today, Will and Amir join us to share the 0x origin story, explaining how their own need for DEX infrastructure informed the creation of the protocol. They walk us through the team’s 2019 roadmap, offering insight around why liquidity is their #1 objective.

    Will and Amir discuss their work in the realm of ZIEPs, the team’s collaboration with StarkWare, and the introduction of 0x Mesh—as an alternative to the standard relayer API. They also weigh in on the differences among the open order book, matching and coordinator relayer models, addressing the pros and cons of each. Listen in to understand the proposed changes to the 0x token economics model and learn how it scales with gas prices to reward liquidity providers!

    Follow Thomas on Twitter: https://twitter.com/tomscaria
    Follow Andrew on Twitter: https://twitter.com/amcassetti

    Follow 0x on Twitter: https://twitter.com/0xproject
    Follow WIll on Twitter: https://twitter.com/willwarren89
    Follow Amir on Twitter: https://twitter.com/abandeali1

  • Today, we're looking back at the first six months of 2019 to review the most important developments in crypto. We start with the launch of LIBRA, discussing its ambition to own the financial infrastructure in the developing world. We introduce the evolving narrative around Bitcoin and explore what's behind BTC price action, including the trade war with China and the current monetary policy.

    Louis offers insight into which institutions are entering the crypto space, and Michael offers his take on the potential for central banks to add Bitcoin as a reserve asset. Finally, we cover LedgerX's acquisition of all three licenses necessary to operate a derivatives exchange and how Bitfinex averted disaster with a $1B LEO token raise. Listen in to understand the latest SEC action against Kin and learn about the latest FinCEN guidance regarding what is and is not classified as a money transmitter in the crypto space.

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  • How do you develop a venture fund that invests in future tech like jetpacks and exoskeletons? According to Adam Draper, you start by branding yourself as the VC interested in ‘anything that gets me closer to an Ironman suit.’ This attracts the demented builders and deal flow of wild things you need to realize your sci-fi vision of a world without borders. To date, Adam’s team has invested in more than 250 startups, 110 of which were crypto projects—including Wyre.

    Adam is the Cofounder and Managing Director of Boost VC, a pre-seed venture fund and accelerator dedicated to sci-fi tech. Today, he joins us to share his experience growing up in a venture family (he’s a 4th generation VC) and discusses his vision of a borderless, digital world enabled by virtual reality and crypto. Adam explains why he loves mentoring founders in the early stages, walking us through the three-month accelerator program Boost delivers to entrepreneurs.

    Adam also weighs in on the challenges associated with raising money from LPs for a sci-fi tech fund and credits the other VC funds that contributed to the development of the crypto ecosystem. Listen in for Adam’s take on the connection between crypto and VR, where both industries stand in the adoption cycle, and how DeFi and gaming serve as gateways to the crypto space.

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    Follow Adam on Twitter: https://twitter.com/AdamDraper

  • Seth Rubin is the cofounder and CEO of MARKET Protocol, a framework for creating synthetic assets represented as tokens that allows users to gain exposure to a variety of assets without leaving the Ethereum network. Today, he joins us to discuss the launch of the MARKET Protocol Exchange (MPX) and minting platform, explaining the role of the MKT token in onboarding and educating new users. Seth shares the benefit to putting a cap on risk and the UX tradeoffs associated with this unique approach.

    Seth also weighs in on why his team has written their own oracle for initial implementation and how time to resolution impacts the user experience. Listen in to understand how Seth’s team is educating users around the pricing and trading of market position tokens and learn how asset exposure, a defined downside and accessible leverage differentiate MARKET Protocol from its competitors.

  • Michael Feng was looking for a problem to solve, so he spent September of 2018 talking to everyone he could in the crypto space. The notion of liquidity kept coming up, and without knowing exactly what the solution might be, he and his team set out to answer the question: How do you create the liquidity necessary to attract traders to cryptocurrency markets?

    Michael weighs in on the technical and regulatory challenges associated with market making on DEXes, the centralized and decentralized exchanges supported on the platform, and the startup's plan to monetize by way of liquidity bounties. Listen in for insight into the traction Hummingbot has gained since its launch in April and learn about the software's surprisingly diverse user base, including individuals in emerging markets, token projects, and even quant funds.

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    Follow Mike on Twitter: https://twitter.com/fengtality

  • John Burnett is the Cofounder and Head of Business Development and Strategy at Omniex, an institutional operating platform for investment managers and active traders focused on crypto assets. Today, he joins us to explain how Omniex is priming the crypto market for institutional entry, describing the increasing interest in the tokenization of assets among institutional players and the impact their entry will have on the crypto ecosystem as a whole.

    John also discusses how Omniex differs from platforms like Tagomi or SFOX and weighs in on the pros and cons of trading with a single counterparty. Listen in to understand some of the key aspects of Omniex that appeal to institutional investors, including its suite of algorithms and ESP feature, and learn John’s theory around the ‘gateway drugs’ that will inspire major financial institutions to enter the crypto space.

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    Follow Omniex on Twitter: https://twitter.com/OmniexInc

  • Today, we’re joined by the cofounders of UMA, COO Allison Lu and CEO Hart Lambur. Allison and Hart explain how UMA facilitates bilateral derivatives by allowing the short side to be levered and collateralizing the long side at 100%, and they describe how the tokenized derivative smart contract serves as the protocol’s core technology. They go on to cover the hub-and-spoke design of the UMA market structure, the team’s decision to adhere to the ERC-20 standard, and the planned shift from a one-to-many to a multi-token-sponsor model.

    Allison and Hart also discuss the positive response to UMA’s USStocks synthetic token and the protocol’s potential to galvanize an ‘army of DeFi nerds’ via money-making arbitrage opportunities. Listen in for insight around UMA’s bring-your-own-price-feed approach to the oracle problem and learn how the team’s framework for dispute resolution—the decentralized oracle—serves as the foundation for its business plan.

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    Follow Hart (guest) on Twitter: https://twitter.com/hal2001
    Follow Allison (guest) on Twitter: https://twitter.com/allilulllc

  • Crypto wallets come in a variety of shapes and sizes. What the team stands for has an influence on who they serve, what services they offer, and how they address security. The architecture of the wallet itself is, in fact, shaped by each project’s core values. Curious how the co-founders of three very distinct wallets make decisions based on their respective mission statements?

    We also weigh in on security, covering the pros and cons of seed phrase recovery, the feasibility of hardware wallets as a long-term security solution, and the possibility of leveraging smart contracts as a viable alternative. Listen in for insight into how the Portis, BRD, and Argent teams decide what services to offer and what to display in their wallet’s UI—and learn how Tom, Aaron, and Itamar think about capturing value for investors, in bull and bear markets alike!

    Follow Thomas (host) on Twitter: https://twitter.com/tomscaria

    Follow Itamar (guest) on Twitter: https://twitter.com/itamarl

    Follow Tom (guest) on Twitter: https://twitter.com/tomteman

    Follow Aaron (guest) on Twitter: https://twitter.com/aaronlasher

  • Hayden Adams is the founder of Uniswap, the decentralized exchange that affords users a simple smart contract interface for trading ERC-20 tokens, a formalized model for pooling liquidity reserves, and an open-source front-end for traders and liquidity providers. Today, Hayden joins us to offer insight around the design tradeoffs he considered in building Uniswap, the pros, and cons of the constant product model, and the advantage to using ether as a single medium of exchange.

    Hayden also explains how Uniswap reduces the complexity of becoming a market-maker and how the project has become a pillar of the DeFi space. Listen in to understand how Hayden is thinking about building a business on top of the protocol in light of its recent backing by Paradigm and learn about the team’s current focus on improving its user experience and function as a price oracle.

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    Follow Hayden on Twitter: https://twitter.com/haydenzadams