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Ep 73Can Blockchain Fix Carbon Markets? - Ep #73
0:00 Overview of Carbon Markets and Crypto2:45 Intro to Brendan and Patch4:02 Intro to Matthew and Cerulean6:05 What is a carbon credit?7:25 Who are carbon credits for?9:00 Voluntary/compliance market recap10:40 Innovation in the voluntary carbon market12:00 Why are carbon credits so hard to acquire?13:34 Inefficiencies in the current OTC markets14:17 Examples of carbon credit projects15:15 Why do carbon credit prices vary so widely?17:00 More on inefficiencies in the current voluntary markets19:50 How blockchain will impact the supply side of the carbon market21:35 Are corporate buyers interested in crypto carbon credits?23:18 Carbon market scams26:06 Profit margins in the carbon market32:50 More on how blockchain will impact carbon credit supply34:36 Closing remarksDISCLAIMER The information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 72Greenpeace and Greener Crypto - Ep #72
0:09 - Episode overview2:17 - Rolf Skar introduction and Greenpeace’s mission4:39 - Daniel Hwang introduction6:54 - Greenpeace’s history with energy-intensive crypto8:24 - The Change the Code Coalition12:32 - Why changing Bitcoin’s code might be feasible 15:49 - What changing the code would entail19:27 - What self-interested incentives are needed in order to change the code 24:49 - How institutions with climate commitments address Bitcoin investments 26:19 - The Blockchain Infrastructure Working Group28:57 - Rolf’s impression of the Web3 community31:37 - Closing remarks DISCLAIMER The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Solana Foundation Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 71Amir Haleem - CEO, Nova Labs & Founder, Helium Ep #71
Amir Haleem (CEO, Nova Labs & Founder, Helium) talks with Austin about the Helium story and the current proposal to move Helium to the Solana blockchain.0:00 - Introduction1:05 - Origins of the Helium network5:24 - Early challenges for Helium7:19 - Helium’s unique growth and economic models compared to other blockchains11:35 - The geo-specificity of Helium’s rewards14:18 - Why Helium started on its own L1 16:55 - Current disadvantages of Helium running on its own L1 20:46 - Why the time is right for a Helium migration24:28 - Why Solana is the best scaling solution for Helium28:56 - Composability as parts of the Helium network move off chain30:57 - Solana’s role in supporting amazing applications32:12 - How a migration will help Helium reclaim its internal engineering power34:36 - How the upcoming vote will impact Helium validators and hotspot operators36:27 - How Helium’s migration will open up the Solana ecosystem to its community37:36 - Recent developments in cellular networks41:59 - How long will Helium’s migration onto Solana take, and what will it entail?DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Solana Foundation Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. Austin: I'm Austin. This is the Solana podcast. Today, we're talking with Amir Haleem, the founder of the Helium network and CEO of Nova Labs. Helium since its beginning has operated its own layer 1 blockchain, but in a process set forward several months ago, and which has sort of come to a community governance vote in HIP 70, the network is actually proposing switching from operating its own layer 1 to operating on another layer 1. Uh, in the details of HIP 70, the core developers and core contributors are recommending a move to the Solana blockchain as the new home for the Helium network. So we're gonna talk a bit about that today, some of the history of Helium, and how the network, uh, sets itself apart from other blockchains, uh, which is pretty interesting because it's based much more heavily on real world usage and physical hardware, as opposed to simply a software abstraction layer. So, Amir, welcome to the Solana Podcast. Amir: Hi, thanks for having me. Austin: Great to have you here. Um, so let's kind of start at the level set here. Um, where did the original idea for Helium come from? Amir: So Helium has been around as a company, uh, for a little while and we, uh, we always intended to try and build, really, a sensor network, that was the original intention, right? It's like, if you wanted to build a big, broad wireless network designed for sensors, you know, how, how would you do it? . Like, it, it felt clear to us that cellular wasn't going to be the right, uh, solution for things like tracking devices and environmental monitors and things like that. And so we set about trying to build kind of like people have called it an overlay network. I like to think of it as, as more like an alternative network to cellular for small things. Right? Like that's kind of the easiest way to think about it. Um, Bluetooth wouldn't really work for this wifi wouldn't work for it, you know? So we always. Had the intention of like, how do we build something very specifically for these kinds of devices? Um, we had a bunch of friends at the time building startups that needed that kind of connectivity. That was really the thrust of, of why we did any of this. And we, you know, we took a bunch of different turns and iterations of trying to do it in, I don't know what you would describe it as, the web two way, perhaps, right? Where we would spend a bunch of money and we would build the network ourselves. Um, and somewhere along the line, like we just kind of realized that we're we're just like a poor version of AT&T or something. Like we were trying to do, we're trying to do things the same way that AT&T would do it or an ex
Ep 70Jason Keats - Founder & Chief Hooligan, OSOM Ep #70
EAnatoly welcomes Jason Keats (Founder & Chief Hooligan, OSOM) to the podcast to talk about his epic career building hardware, the Solana Saga phone and all things mobile and web3. Pre-order the Saga now at solanamobile.com 00:09 - Intro00:25 - Background03:27 - Working at Apple08:07 - The Gem Phone10:15 - Privacy at Essential12:24 - Building for Mobile15:52 - Hardware he wants to build17:07 - Crypto x Cars19:02 - Do Apple or Google care about hardware and crypto?21:08 - Innovation in hardware21:56 - The saga phone22:56 - The manufacturing process26:29 - How to start building27:56 - Working with start ups29:15 - The innovation cycle in hardware30:36 - Privacy features32:42 - Working with non-crypto people36:08 - Outro DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. Those who appear in the content may have a financial interest in any projects referenced, and any content herein is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Anatoly (00:09):Hey, folks. This is Anatoly and you're listening to The Solana Podcast. And today, I have Jason Keats with me who's the CEO and co-founder of OSOM. Welcome.Jason (00:18):Hey, how's it going? Glad to be here. Glad to chat everything we've been working on finally.Anatoly (00:22):Yeah. Me too. It's been kind of a crazy journey. You have an awesome background. Do you mind just sharing it?Jason (00:32):Yeah. I've had a very, weird hardware background throughout my career. When I left Berkeley, I decided I wanted to go build something. I didn't want to sit in front of a computer all day. Well, my degree is in astrophysics from Berkeley. And then I went on to work on solar panels. And that was-Anatoly (00:54):Like...Jason (00:54):What was that?Anatoly (00:55):Yeah. How did you get from astrophysics to hardware?Jason (00:59):So my senior year, my professor asked me to... He knew I had access to a machine shop because I was working with the Formula SAE, which is a student racing program. So they knew I had access to a machine shop and they wanted to make parts for telescopes. So I offered and said, "Hey, I can do that." So instead of being a traditional GSI or something like that, I was the monkey who machined random parts. And that was a lot more fun. At the end of the day, instead of having a program, I was like, "I have a thing. It's built." And that was it. I wanted to build things.Anatoly (01:39):That's awesome. How did you get into astrophysics then? What was the reason for getting into astrophysics?Jason (01:48):I just wanted to be able to say, I was... It was a rocket scientist was the logic I had, 18-year-old me had. Little did I know that wasn't exactly how that worked, but it sure sounded cool. And nowadays it just sounds really cool to say, "Oh, I have a degree in astrophysics from Berkeley."Anatoly (02:05):That does sound really cool. So what happened after? You build telescopes, right?Jason (02:10):Yeah. I built little bits and bobs for telescopes. I didn't want to get a real job, so I started a motorcycle company that was a complete disaster. Not a complete disaster, but it was pretty rough. I learned a lot about running a company there. Basically, I learned all the things you're not supposed to do.Anatoly (02:29):I mean, that's the first one, right? You're supposed to do that.Jason (02:33):Yeah. I'm glad it didn't hurt me too badly. And then I ended up being a consultant for a company in Silicon Valley. It was like a design engineering consultancy and they put me on to Solyndra, which was a solar panel company. And that was a very fun couple of years building some really interesting technology and honing the skills that I use today and some of the ethos that I still use today because one of the things we were trying to do was how do you make a solar panel easier to install, because right now it's quite a time consuming process. So my goal was to design a solar array that could be installed with no tools and we were successful in that.Anatoly (03:14):That's awesome. That's awesome. I'm going to keep saying that the whole episode.Jason (03:22):Two years on of creating the name and it still doesn't get old. So eventually Solyndra went belly up unfortunately, that could be 10 podcasts probably as to what happened there. But my boss at the time was like, "Cool, we need to go over to Apple right away." So I think that was a Wednesday, the company went bankrupt and on Monday I was working on secret p
Ep 69Sid Powell - CEO & Co-Founder, Maple Finance Ep #69
ESid Powell is the CEO & Co-Founder of Maple Finance. Maple is transforming capital markets through technology and count traditional finance and crypto-native firms as customers. Joe McCann guest hosts.00:35 - What is Maple? 01:32 - How does Maple determine Credit worthiness?02:55 - Expanding the addressable market 04:35 - Who uses Maple and how they get started08:18 - Defaulting and the recapture of collateral13:21 - Maple's advantages against challenges lenders face in crypto16:45 - Why use Maple: Governance and growth19:27 - From Ethereum to Solana Integration 23:37 - Maple and Composability 27:13- Partnerships and future initiatives29:56 - Bringing non-crypto folks into DeFi / Partnering with Circle32:33 - Views on Contraction 34:59 - How Maple started and where it is going 39:04 - Monetary policies and how they affect Maple DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. Those who appear in the content may have a financial interest in any projects referenced, and any content herein is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Joe (00:09):Hey everybody. Welcome back to The Solana Podcast. I'm your guest host, Joe McCann. And today, I have the pleasure of speaking with Maple Finance CEO and founder, Sid Powell. Sid, welcome.Sid (00:22):Hey Joe. Thanks for having me. Great to be here.Joe (00:24):My pleasure. I've been looking forward to this one. For the folks that aren't necessarily familiar with Maple Finance. Can you just maybe give a brief introduction as to who you guys are and what you do?Sid (00:35):So, Maple is a DeFi lending platform. We think of ourselves as a marketplace for institutional lending. So, the right type of mental model to think about that with is, in the same way that Shopify provides out of the box tooling to run an eCommerce business. What Maple is trying to do is provide tooling to run a lending business that just happens to be on chain. So the way that Maple works at a high level is you have managers of pools, we call them delegates, they'll set up a pool, which is like an on chain lending business or on chain credit fund, people and institutions deposit into that. And then, the manager goes and originates loans to corporate borrowers out of it. So, it's recreating a TradFi credit fund or a TradFi lending business, but doing this on-chain.Joe (01:18):That raises a first question for me, that is, if I'm providing a loan to an actual business, how does Maple go about determining the credit worthiness of that particular business?Sid (01:32):It's a good question. And, what we've tried to do with Maple is be asset light, in that, Maple does not want to be the lender or the balance sheet lender itself. Instead, what we're trying to do is give people who have the expertise to underwrite and assess credit. So I think, people who were in credit teams at financial institutions before, or they might have been in investment banking, but they understand credit and underwriting loans. What they're doing is they would follow a fairly conventional process where they would meet the management of the borrower, assess their financials, so balance sheet profitability, and then enter a loan contract with them, and set commercial terms around it. So, it is replicating a fairly conventional and tried and true process of assessing whether a borrower can repay the loan. It's not really reliant on on-chain determinants of credit worthiness in that respect. Really where the blockchain comes in is actually settlement and management of loans and portfolios of loans.Joe (02:28):Got it. That makes total sense. I mean, you're really saying, "Hey look, TradFi folks that understand how to evaluate credit, and credit risk, and credit worthiness, here's a new avenue for you to do this, which is on chain." And so, does that imply that there's more or less a much larger market for this, or is it more just breaking down the barriers of how TradFi credit funds, or credit debts actually tend to work?Sid (02:55):It's both. I often like looking at business history and one of the things I was always really interested in was the way that when Sony released the Walkman, it actually expanded the addressable market of people listening to music, because they made it more portable and therefore easier to access. And so, I think with this, what we're trying to do is we're breaking down the workflows of running a lending business, but we're making it 10
Ep 68Strata Protocol & Metaplex Ep #68
Noah Prince (Co-Founder/ CEO, Strata Protocol) and Austin Adams (Lead Protocol Dev, Metaplex Studios) sit down with Austin Federa to discuss the integration of Strata's Dynamic Pricing Mint tool into the Metaplex Program Library.00:51 - What is Strata?02:12 - Challenges when launching a token04:43 - Why is Strata more successful than competitors?06:15 - Fundraise and the changing use cases of tokens on Solana08:47 - Changing mentalites around the function of tokens10:48 - How is Metaplex's approach different11:51 - Description of the flow using Strata13:25 - Mechanisms of dynamic pricing15:12 - Tools for dynamic pricing / Collusion19:06 - Metaplex and additional tooling21:54 - Optimizing Metaplex's architecture for the community25:05 - Advantages and drawbacks with metaplex's architecture29:44 - Metaplex and backward compatibility32:39 - Pitch for using dynamic pricing DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin Federa (00:10):Welcome to The Solana Podcast. I'm Austin Federa. Today we're talking about a new partnership between Metaplex, the NFT implementation on Solana, and Strata Protocol, a toolkit that helps developers launch tokens. They've built some new tools to help creators set dynamic pricing for NFT mints and these change the economic incentives around NFTs which will hopefully reduce the botting of NFT mints. We're joined by Noah Prince, the co-founder, and CEO of Strata Protocol, and Austin Adams, a software engineer and lead protocol developer at Metaplex. Gentlemen, welcome to the Solana Podcast.Noah Prince (00:42):Thanks, Austin.Austin Adams (00:42):Thanks for having us.Noah Prince (00:43):Glad to be here.Austin Federa (00:44):Great. So let's go ahead and start out today with just an overview of, Noah, what is Strata and what are you guys trying to do in the space?Noah Prince (00:52):So Strata Protocol at its core is a protocol for launching tokens and managing the liquidity around those tokens. So we have a variety of different auction mechanisms, and we can launch tokens anywhere from small tokens that you don't really know who the counterpart of the trade is, there's not going to be much volume, all the way up to large tokens where you want to do a large offering and then eventually put those on a DEX. How we ended up getting into this space is just that our auction mechanisms for tokens also offer a solution for the NFT botting situation. So we thought long and hard about how to keep bots from botting the token launches that we have. And if you launch one of those tokens and then put it as the entry price to a Candy Machine, you get a dynamic pricing Candy Machine.Austin Federa (01:39):So let's talk a little bit just to kind of roll back to what Strata really is trying to accomplish here. You mentioned it's a solution for launching tokens and providing initial liquidity for those tokens. What are the challenges that people run into when actually launching a token? I think if you look across the space, you'd see that there are hundreds of different tokens run by hundreds of different projects across the Solana ecosystem, the majority of which were not launched with something like a launchpad or basically a protocol to help them go through that process. What are the challenges that people are facing when they're actually looking at launching a token?Noah Prince (02:12):Yeah. So I think token launching kind of comes in a few steps, right? The very first step is the ideation phase, where you're trying to figure out what your token is, do you have multiple tokens? What are the tokenomics? And somewhat in that same phase is where legal comes in. And to a lot of degrees, that is the hardest spot is where you're going to figure out what your token does. But a lot of times for people launching a token, there's this kind of big okay, we know what we want to do, but how do we physically create that token? And then how do we go and do things like auction that token off? I want to sell some of that token to investors. I want to sell some of that token to all of my community, how do we actually distribute that thing?Noah Prince (02:54):And then after that, there's the step where you've distributed it, you've collected some money for the token that you
Ep 67Brett Harrison - President, FTX.US Ep #67
Brett Harrison is the President of FTX US, a US-regulated cryptocurrency exchange. Prior to joining FTX US, Brett was Head of Semi-Systematic Technology at Citadel Securities, where he managed technology for the firm’s Options, ETF, OTC, and ADR trading globally. He began and spent the majority of his career at Jane Street, where he led the firm’s algorithmic trading system development. 00:34 - The role of FTX.US’ president01:24 - About FTX02:55 - Nontraditional brand marketing08:05 - Educating people about Crypto10:46 - Being at the forefront of regulation14:52 - Collaborating with other players in crypto19:03 - FTX's policy in exchange and crypto23:19 - FTX and NFTs26:44 - CeFi / DeFi exchange and Cross-chains31:36 - Building interconnectivity between centralized crypto exchanges34:59 - Market hours in crypto?36:33 - Process of evaluating a token38:44 - Things he is hopeful for DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin (00:10):I'm Austin Federa. Welcome to the Solana podcast. Today, we have Brett Harrison joining us, who's the president of FTX.US. We got a bunch to talk about today, including the role of FTX in the markets, his sort of path there, and a bunch of what's been going on recently in crypto. So, Brett, thanks for joining us.Brett (00:27):Yeah. Thanks for having me on, Austin.Austin (00:29):I wanted to kick it off. What does the president of FTX.US actually do on a daily basis?Brett (00:34):Yeah, for sure. A good question. So yeah, I joined FTX.US exactly one year ago. Little bit of background first. So FTX is obviously the global cryptocurrency derivatives exchange. It's the second or third largest in the world. Around a year and a half ago, FTX.US, a separate company affiliated with FTX, was started for the purpose of creating a US regulated set of businesses to be able to do things like offer a spot cryptocurrency in the US, but also to satisfy some of our broader ambitions to enable other kinds of investment products for US customers such as US crypto derivatives, stocks, and things like that. My role is to sort of help run the ship over here, hire the team, and put people in the right offices, but also like do everything from think about regulatory strategy and policy to some actual software development in architecture and on some of our products. So it's sort of a little bit of everything.Austin (01:25):Yeah. It's kind of an interesting role. How big is the FTX.US operations at this point?Brett (01:30):We're around 80 people right now.Austin (01:33):That's pretty sizable for one year.Brett (01:35):Yeah, for us at least.Austin (01:36):Yes.Brett (01:37):For sure.Austin (01:38):You're at the top of a pretty interesting organization nowadays. When you joined, the pace of excitement and interest in crypto from a mainstream audience was far lower. The presence of FTX was far lower than it is now. There's many people who are familiar with crypto, who have been for both FTX for a very long time, as both the FTX international and FTX.US as two different entities that play an important role in pushing the concept of a centralized exchange further. Before you guys came on the scene, the role of a centralized exchange was maybe not quite as professionalized as it is now. There's sort of more of a lot of respect in the market for the speed that FTX is able to execute on and both sort of the pace of innovation that's come out of that.Austin (02:23):But at the same time, in the United States specifically, which is where we're talking about today, you guys have done a huge amount of what I would call very traditional marketing usually reserved for banks, and telecommunication companies, and these sort of like old Titans of industry in the United States. But this is a very new operation. Walk me through a little bit about that process of saying not only do we see a target opportunity here, but we're not going to take the path of most other companies, and run a ton of digital ads, and put up select billboards. But we're going to put our name on AAA, IP, and media.Brett (02:55):It's incredible to see where we are now compared to a year ago, two years ago, and FTX.US were fairly obscure in the United States. Not so much overseas where FTX had already really
Ep 66Crypto & National Security Ep #66
Welcome to a special episode of the Solana Podcast focusing on Crypto & National Security featuring Ari Redbord (Head of Legal and Government Affairs, TRM Labs) and Sigal Mandelker (former Under Secretary of the Treasury for Terrorism and Financial Intelligence). Amira Valliani (Policy Lead, Solana Foundation) guest hosts.00:09 - Intros02:11 - Origin Story05:53 - Correspondent Banks07:37 - Why crypto resonates personally09:54 - Use cases of Crypto in humanitarian applications12:13 - Looking at the opportunity vs the risk16:06 - Typical Day at Treasury17:14 - What it takes to stop bad actors in Crypto24:53 - BitFinex Hack and Large seizures29:05 - Compliance and self-policing31:13 - Advice to other people in regulationDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Amira (00:09):Hello and welcome to the Solana podcast. My name is Amira Valliani and I run public policy at the Solana Foundation. Today we're talking about an issue that's really been at the forefront of a lot of people's minds since war broke out in Ukraine earlier this year. And that's the topic of crypto and national security. We've brought two of the world's foremost experts to talk about how crypto links with foreign policy and the movement of money all over the world, and they are Sigal Mandelker and Ari Redbord.Sigal Mandelker is a general partner at Ribbit Capital where she deals with FinTech and crypto. But before this, she was Deputy Treasury Secretary and Under Secretary of Treasury for Terrorism and Financial Intelligence. She's joined by Ari Redbord who's the head of legal and government affairs at TRM Labs, the blockchain intelligence company. Before joining TRM, Ari was Sigal's senior advisor when she was the Under Secretary of Treasury and worked on a range of issues, including sanctions, anti-money laundering and a bunch of other scary and really important issues. Sigal and Ari, thank you so much for being here. We're excited to have you.Ari (01:15):Thank you so much for having us. I will say just to get things started, I'm a huge fan of sort of what you guys do at Solana and the team that's building with you and a huge fan of Sigal and just an amazing honor to be on a conversation like this with someone that I worked for when she was the under secretary and just really consider a close friend and colleague in the space now. So it's particularly cool. So thank you for having us.Sigal (01:40):Oh, it all goes back at both of you. I loved working with Ari then and I love being in this space with him now. It's pretty exciting.Amira (01:48):I'm here for all of it. I think it's going to be a very exciting few minutes. I think the backgrounds are really interesting and you all know that this circle of people who come from government into crypto is growing, but it's small. And so very specific journeys I think got all of us into this space. I'm curious what got each of you interested in crypto? Why are you passionate about it? Ari, I don't know if you want to kick us off here. I know Sigal has a particular story.Ari (02:13):Sure. Yeah. No, happy to. Everyone has their sort of crypto origin story. And so many times you hear about "I bought Bitcoin 15 years ago." And for me it was really a lot different. We started to see it 2015 or so in a lot of our sort of large money laundering investigations that actually involve some of the sort of nation state actors like North Korea that we'll be digging into today. I think we sort of realized even then the power and promise of this technology, but also that if it was going to grow and flourish and they were going to build this new economy, that we needed to stop illicit actors from doing it. And that was sort of as a prosecutor and then honestly getting an opportunity to work with Sigal and the team at Treasury on some policy related issues in the space, I think really, really also got me interested in.At TRM labs, it's sort of like we sit in this sort of intersection, because I think we obviously believe very firmly in the potential and the growth of this new crypto economy, but at the same time, sort of understand that trust layer, anti-money laundering national security is critical infrastructure for it. And that intersection that we're going to be talkin
Ep 65Kanav Kariya - President, Jump Crypto Ep #65
Kanav Kariya (President, Jump Crypto) joins the Solana Podcast to discuss his optimism for the future and the many areas in which Jump Crypto is innovating in the crypto and blockchain space. Austin Federa (Head of Communications, Solana Labs) guest hosts. 00:49 - What is Jump?03:07 - The path to operationalizing crypto06:00 - Optimism for Crypto10:49 - Discovering and Building in Crypto with Jump14:24 - Personal Journey at Jump16:43 - What's being built at Jump?17:55 - Reasons to want to build19:39 - What does Pyth offer?22:22 - Criticism about conflict of interest26:30 - How Web 3.0 facilitates resource coordination28:46 - Data contributors benefiting from onchain data31:01 - Token Plans for Pyth31:46 - Message bridging34:48 - Wormhole, stable coins and asset tokens37:36 - Time synchronization for cross-chain dApps39:14 - State storage on wormhole for dApps40:21 - Is Wormhole layer 0?41:14 - Wrapped NFTs44:13 - Jump's position towards NFTs48:36 - Exciting things in the ecosystem49:43 - Custom silicon / FPGAs53:22 - A parallel execution model? DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. Those who appear in the content may have a financial interest in any projects referenced, and any content herein is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Austin (00:10):Welcome to another episode of The Solana Podcast. I am Austin Federa, sitting in for Anatoly again this week. Today we've got a pretty special episode I think. I'm really looking forward to this conversation. I think it's been a long time coming with a few false starts. Today we have Kanav Kariya president of Jump Crypto, or do we just say Jump at this point?Kanav (00:32):Yeah, Jump Crypto is good.Austin (00:34):President of Jump Crypto, which maybe this time last year very few people knew existed, very few people knew what you guys were doing, what you were building, what your role in the ecosystem has been. So yeah, I guess let's just go ahead and Jump right into it. What is Jump Crypto and how did it come about?Kanav (00:51):Yeah, thanks for having me on Austin. So for context for the audience that aren't very familiar with us, Jump is historically a prop trading firm founded over 20 years ago in the pits at the CME. Today one of the largest quantitative trading firms in the world. And we started a crypto division over seven years ago. It started as an intern project at the University of Illinois, where we were running a miner in a closet and building some trading infrastructure.And today we've got over 150 people on the crypto team doing a lot of different things. So the way I like to describe our business is spitting it into three primary pillars. One is prop trading, which is exactly what we do on the other side of the house, we build trading intelligence and we scale it. The second piece is building and that's the piece that I hope we'll get to talk a lot more about on this call and it's closest to my heart and closest to the heart of the team.And that's in building pieces of infrastructure, really streets and sanitation for the space and a couple of the marquee projects that we've really focused a lot of our efforts on have been Wormhole and Pyth. And of course, along the journey, we've aligned ourselves with a lot of the major ecosystems in the place, including Solana, Terra and a whole number of others in building a lot of different things across those platforms.The third bucket is venture, I like to call ourselves accidental VCs in that we found opportunities to add value, or we had requests come in to work with partners over the last six years in various different capacities. And we found that we could be meaningful in those contexts and work with people that were solving problems for us. And that has now grown into the venture division that's deploying across the space.Austin (02:31):I want to get into a lot of the work that Jump is doing as core code contributors and supporters of projects in the ecosystem. But I kind of want to start a little bit with that journey. I would say that the transition from prop trading equities and commodities to prop trading crypto, that feels pretty organic. And there's a number of firms in the space that have also made that transition. Albeit you guys seem to have made it sooner than a lot of other firms in the industry. What was that process like of going from deciding that you wanted to add crypto to actually operationalizing
Ep 64Chris Osborn - Founder & CEO, Dialect Ep #64
Chris Osborn is the Founder and CEO of Dialect, a smart messaging protocol that powers seamless, on-chain messaging experiences, starting with wallet-to-wallet chat and dapp notifications. Joe McCann guest hosts. 00:49 - Origin Story02:06 - What is Dialect?05:59 - What are the blockers in Web 3.0?07:46 - Why Solana?11:11 - Looked into other ecosystems?13:52 - What is the process to use Dialect?22:31 - Using Solana Pay with Dialect27:22 - In-game messaging28:36 - Dialect's operations and current projects31:03 - Exciting projects in web 3.034:53 - NFTs and Messaging DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Joe (00:10):Hey everybody. Welcome back to the Solana Podcast. It is Joe McCann here again as your guest host, and today we have a very special guest, founder and CEO of Dialect, Chris Osborn.Chris (00:23):Hey Joe, it's great to be here.Joe (00:25):It's great to have you. So I'm really excited about today's episode because what you are doing at Dialect, I think, unlocks a lot of really interesting use cases in the Solana ecosystem, but first I think it might be useful for the listeners to kind of get a sense of who you are, your background and frankly, how you even got started with Dialect.Chris (00:49):So my background is actually in physics. I did my PhD in Atomic Physics at Columbia University. So this WAs like laser cooling and trapping of atoms, precision time measurements and quantum computing stuff. I learned pretty quickly that what I really loved to do is write software and build technology, so I knew after graduating that I wanted to move to the West Coast and work on some cool technology problems. I actually had an opportunity to split the difference and I worked at Rigetti Computing. I don't know if you're familiar, they're a quantum computing startup and got to work on almost every part of their stack, including a lot of software and technology.I helped lead one of the three teams that launched quantum cloud services, which was like AWS for quantum computing, and that helped me realize that I really love kind of like bridging the gap between hard tech and consumer problems and how do users interact with hard tech, and got the itch to build a startup. So actually I started this company outside of crypto and participated in YC. We were building a consumer investing product and pivoted the company actually last fall or early last fall full force induced Solana and started building Dialect.Joe (02:01):Yeah, that's great. I mean, can you maybe just in a few words, like what is Dialect?Chris (02:07):Yeah, so with Dialect what we're doing is we're building what we're calling a smart messaging protocol for DApp notifications and wallet-to-wallet chat. Those are the first two use cases that we're working on. And the best way to think about it is kind of like a decentralized inbox, a way to enable the messaging primitive between wallets. I personally like to think about kind of like hair on fire burning use cases, the things that people need today, and one of the major use cases here is giving DApps a way to connect directly with their users. And that's through the main mechanism that users identify themselves on the blockchain, which is with wallets.Joe (02:46):So cool. So, I mean, I remember meeting you many, many months ago last year and was really blown away because one of the kind of gaps that I was seeing in a lot of Web 3.0 Applications, irrespective of the underlying chain, was the ability to have like native notifications that are genuinely on chain and not using a service like Twilio or a Web 2.0 or cloud computing context. So the users kind of better understand what Dialect is and can enable, you can kind of walk through maybe some canonical use cases of Dialect?Chris (03:22):Yeah, absolutely. So the use case that got me into it right away like that first just really compelling use case is if you're using a collateralized lending protocol. You lend in token A and you borrow out token B and as prices move, if you become under collateral, the protocol or many protocols will end up liquidating your collateral on an underlying market. And in a world without messages and notifications, basically up until today, a lot of early DeFi users relied on just
Ep 63Nigel Eccles - Co-Founder & CEO, Vault Laboratories Ep #63
Nigel Eccles is the co-founder and CEO of Vault Laboratories. VAULT is a new creator platform that uses the power of Web3 to unlock the next generation of fan experiences. Joe McCann guest hosts.00:32 - Origin Story04:48 - Vault09:47 - Use case of Vault14:38 - User experience in Web 3.018:01 - Why choose to build on Solana?24:01 - BetDEX25:51 - FanDuel vs BetDEX27:41 - Regulation and user experience31:04 - Youth as an inspiration?32:48 - SAMO34:42 - Exciting Projects on SolanaDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Joe (00:09):Hey everybody. Welcome back to the Solana podcast. It's your guest host once again, Joe McCann. Today I'm super excited to introduce the one and only Nigel Eccles.Nigel (00:21):Thank you. Thanks for having me on.Joe (00:22):Nigel, I want to jump right into it. Can you talk a bit about your background and ultimately, how did you get into crypto or Web 3.0 or however you want to define it?Nigel (00:33):Yes. I've got about 20 years experience in consumer tech, mostly in sports. I'm originally from the UK. I'm originally from Northern Ireland. Around 2000 I was involved in a, I guess a dot com. It was a company called flutter.com as a product manager that I launched them as a betting exchange.Nigel (00:51):Since then I've been involved in a lot of different startups. The one that I launched in 2009 was a daily fantasy sports product called FanDuel. A lot of you if you're into sports, you almost certainly will be familiar with FanDuel because not only is it a very big fantasy sports operator, it's now a very big sports betting operator. Long history, I've always built consumer products. I've always been focused on B2C and trying to innovate and bring new consumer products together. Since then, I left FanDuel about four years ago and since then, I've actually launched three companies that are all in the consumer space.Joe (01:32):Wow. Three companies. When are you going to do something with your life?Nigel (01:37):Yeah. Well, they're all in their early stages. They're all in that promise space so it's exciting, but every day is still... There's still a lot of challenge. They're all still pretty early stage.Joe (01:50):Got you. We'll dive into each one of those in a minute. Can you maybe talk just a little bit about your journey of getting into crypto and then specifically, Solana?Nigel (02:00):I'm not super early. I've always, I've been aware of it for a long time, but 2017 was when I first got into it. Given that I've only ever really been interested in the consumer side, in 2017 I really dived in and was like, "Wow, this looks awesome." I remember reading about Ethereum. I never really had any interest in Bitcoin because I never really felt I had much money. And so I never really thought what's the point? I don't really have much money. Bitcoin to me seemed to be a great place if you had money and you wanted to store wealth. I didn't have any so it seemed mute to me. Whereas Ethereum seemed incredibly exciting so I get really interested in Ethereum. I also spent a lot of time looking at all these alternative coins in 2017. I remember going through CoinMarketCap coin by coin and going, "Okay. That looks totally pointless. That looks all promise, but no technology. That looks like that one above."And really getting down to about 50 and I see chatting to some friends who are in the sector. Or that one looks totally scammy and just being fairly disillusioned. In the end I bought Ethereum and toyed with some of the stuff that was closer to being consumer ready like I think CryptoKitties. One of my former colleagues actually set up Rare Bits, which was an open sea competitor. Which was an NFT product back in 2017. He dabbled a bit, but really at the end of 2017 said, "This isn't even close to being ready for consumers. This is so hard to actually buy an NFT." It wasn't even clear what you would do with it regardless of any other form of transaction or paying for something, it was slow. It was expensive and I didn't see in the short term it was going to get there. I went back to focusing on Web 2.0 things over the following few years. In 2020 then, I started, I used to get interested in NFTs again. Interesting enough the first ones I looked at were
Ep 62Tristan Frizza - Co-Founder & CEO, Zeta Markets Ep #62
Tristan Frizza is the Co-Founder & CEO of Zeta Markets, an under-collateralized DeFi derivatives platform, powered by Solana and Serum. Matty Taylor (Head of Growth at Solana Labs) guest hosts.00:26 - Origin Story03:08 - Winning the Solana Hackathon05:59 - What is Zeta?08:49 - What's appealing about options?11:17 - Why is Zeta more successful than other options projects?16:44 - Using open-source primitives vs. building20:15 - The front-end24:22 - Mobile user experience28:49 - Rapid Fire Questions: Anonymous Crypto teams30:21 - Rapid Fire Questions: The Metaverse31:18 - Rapid Fire Questions: Insurance in DeFi34:40 - Rapid Fire Questions: Singapore36:12 - Rapid Fire Questions: Sleep38:27 - Rapid Fire Questions: Solana DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Matty (00:09):Hey everyone. Welcome back to the Solana Podcast. My name is Matty. I'm the head of growth at Solana Labs. I'll be guest hosting today and we have a special guest Tristan from Zeta. So welcome.Tristan (00:20):Thanks for having me on Matty.Matty (00:22):It would be great to know just a little bit about yourself and maybe how you started your crypto journey.Tristan (00:27):Yeah, absolutely. I can give you the long and the short of it. So I think I started getting into crypto back in the day, probably in 2017 when I think a lot of people got into it during the last ball run. And that was mostly just speculate on coins, looking what was going on in the ecosystem. DeFi didn't really exist yet at that point. And I feel like a lot of people were still grasping at what is the real use case of crypto at the moment, other than this buying these coins and seeing the moon. Didn't feel like there was a real kind of engineering need for it or some kind of real product market fit. And so that's kind of why I tape it off a little bit after a year in that space, just kind of checking the things out.I went back finished my degree, actually ended up doing a bunch of courses in distributed systems and computing, because I started getting interested in the whole blockchain side of things from the engineering standpoint, it was like creating your own coding up your own proof of work blockchain, which I thought was really cool and just understanding the fundamentals of Bitcoin. And then I think over the years I took a bit of a breather on it. I unfortunately missed DeFi summer, which I was pretty firm about. And then coming back to it, I'd been hearing so much about smart contract programming, what you can build in this kind of new DeFi Boom and what was going on there. And so, I came back into the space after having worked for roughly like two years as a data scientist, kind of in the Bay Area.I think I was a little bit tired of the remote work kind of grind there, even though I enjoyed my job. And so I decided, hey, in my free time over Christmas, I'm just going to go and learn how to program on solidity. And so I made a few kind of smart contracts learned what was up there. Randomly was just putting together a DeFi idea, looped in some of my best friends from kind of more of a trading and finance background, we decided to put our brains together and just be like, "Hey, what can we build in this space?"And then yeah, after throwing around enough ideas, I think we ended up settling on something that was really cool. We thought the derivative space was somewhat untapped, especially options seemed like such a huge market, but no one's really done it. And randomly, we reached out to Dom, fellow Australian, and then we basically, he put us in touch with Tolley and Bartos, and after talking to them a bunch and reading the whitepaper many times, I got really sold on Solana and I've just been developing on it since.Matty (02:40):Nice. And if I remember correctly, you guys were the winners of the Solana Season Hackathon, which was extremely competitive. I think there were like 13,000 plus participants, which I believe is the largest hackathon, not only in crypto, but ever in the technology space. So it would be great to just hear like how you guys worked through that whole event and what you guys came up with coming out of it.Tristan (03:10):Yeah, absolutely. So that was definitely a tough experience and an interesting chall
Ep 61Ahmad & Danial Abbasi - Co-Founders, Syndica Ep #61
Ahmad & Danial Abbasi are the co-founders of Syndica, a Web 3.0 blockchain infrastructure company focused on the Solana ecosystem.00:35 - Background in Crypto02:09 - Why Solana over other platforms?04:10 - User Experience and Web 3.006:16 - What is Syndica?08:54 - Syndica and Web 3.012:33 - Syndica’s focus on infrastructure14:36 - Differentiating from other providers16:55 - Syndica and the data18:29 - Their user base20:03 - Plans on offering validator services?22:05 - Best practices for building on Solana24:49 - How should new developers approach web 3.0?28:16 - Storage33:03 - Interesting projects in the ecosystem37:53 - Solana Hackathon39:19 - What would you love to see built on Solana? DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 60ukraine.sol Ep #60
On a special episode of the Solana Podcast, Sergey Vasylchuk (CEO, Everstake) talks about Aid for Ukraine, a DAO created by Everstake and endorsed by the government of Ukraine and Anatoly Yakovenko to support Ukraine during the ongoing crisis — and how it came together on Nation.00:38 - Intro02:51 - Origin of the initiative / How it works06:25 - Ukrainian government receiving FIAT currency 09:13 - Banking, a legacy system10:04 - News on the ground12:39 - What can people do to get involvedDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin (00:09):Hello, and welcome to a special episode of the Solana podcast, I'm Austin Federa. Today we're joined by Sergey Vasylchuk, who's the CEO of Everstake, but we're actually not here to talk today about Everstake. We're here to talk about aid for Ukraine, and the situation in Ukraine and the project that Sergey and a bunch of others from the Ukraine and connected to the Ukraine have launched. Which is a fundraising effort to help raise money that's urgently needed for the government and for people there. Sergey welcome and thanks for joining us today.Sergey Vasylchuk (00:39):Yeah. Hi guys. Thank you for listening and thank you for helping us in this difficult situation. And yeah,the situation in Ukraine is quite terrible. So we have been protecting our country for close to a week and we are struggling with one of the biggest armies in the world. But we still resist and sure, we'll win soon. But this will need... It's not just a magic maker, many of the people trying to protect their country, military are dying, military are fighting, the civilian are also trying to do all they can. And generalization is that every citizen of the Ukraine, it doesn't depend where he is located and what he can do, they do something. I do not know anyone who just sits in the idle and observes the news. First, probably two days for me was shock. I cannot believe what has happened. I was just stuck to the news and seeing what is going on, calling some relatives, asking what I can do to help and what's going on? It's just shock. And I was stuck, but sooner or later, I had the conversation with Anatoly Yakovenko from Solana, he is originally Ukrainian. He asked me, "Hey guys, what is going on? How are we going to help you? Let's do something." I said, "Yeah, I cannot sit and cry, and wait and I need to do something." And it was the case when we started to understand that we need some impact. And that's why we decided to start this activity.Austin (02:17):So the process here that's been running on is there's Ukraine.soul, which is a Bonfida name routing layer address, that routes to a wallet that's controlled by a MultiSig Dow on Solana. You can go to nation.io/dow/Ukraine, you can see this there too. There's about $1.45 million contributed so far, as well as several NFTs from projects that will also be sold and liquidated to generate funds here. There's a lot of different efforts, raising different kinds of crypto to aid the government and the people. What was sort of your thought to do this, to start this up? And can you talk a little bit about how the country's actually involved as well in the government?Sergey Vasylchuk (02:59):Well we have quite an unusual ministry, which called Ministry of the Digital Transformation. It was created a few years ago, and many of the politicians were skeptical and it was a bit like late in the day. It's just few guys from the IT ground. They will not change nothing. But for the least two year guys made the great application. We probably have the digital ID have digital, driver license, have the digital vaccination certificate, whatever. So it go digital. The many of the services, the country are become in our smartphone. And those guys are quite trustworthy and respectable in our community. They just start to accept the donation, in any form of the money that is available. And you should understand that currently there is marshal law in the Ukraine and central bank put limitation that is hard to transact in the foreign countries, foreign currency, sorry for us is Euro a dollar.So for example, I cannot transfer some USD to any other recipient outside, Ukraine. And many of the volunteer organization need to pay because
Ep 59Solana Foundation Ep #59
In this episode, Dan Albert (Executive Director), Lily Liu (President) and Mable Jiang (Board Member) discuss the role of the Solana Foundation in advancing the Solana protocol and ecosystem with support and initiatives around the world. Austin Federa (Head of Communications, Solana Labs) guest hosts. 0:43 - Intros / Roles3:13 - The appeal of working at the foundation level07:48 - Establishing scope for the foundation12:42 - What’s working in the ecosystem?20:01 - From the ecosystem to the foundation21:21 - Growing Solana in new markets33:50 - Shared Ownership of the network36:21 - Predictions for 2022 in crypto and web 3.0DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin Federa (00:10):Welcome to the Solana podcast. I'm Austin Federa filling in as guest host today. We spend a lot of time on the show talking to founders and builders in the space, people building on the Solana blockchain or otherwise involved in the Solana ecosystem. But today we're actually going to be talking about a different component, which is the Solana Foundation. Today with us, we have Dan who's the executive director of the Solana Foundation. We have Lily, who's the president of the Solana Foundation and Mabel, who's one of the board members of the Solana Foundation. Welcome to the Solana podcast, guys.Lily (00:39):Thanks for having us.Dan (00:40):Great to be here.Mabel (00:41):Thank you.Austin Federa (00:42):All right, Dan, let's start out with you. Tell me a little bit about what the Solana Foundation's role is in the ecosystem.Dan (00:49):Sure. The foundation is really here to help foster the growth of the Solana network and really the Solana ecosystem kind of in broad strokes at the highest level, what can we do to make sure that the Solana network continues to grow in the most kind of sustainable and decentralized manner as possible? And how can we provide resources and help the community grow to onboard the next or the first billion users to the Solana ecosystem and crypto in general?Austin Federa (01:24):Lily, what attracted you to the Solana Foundation? And how did you get involved in it?Lily (01:30):Well, I've been in the crypto ecosystem for a little bit and I must confess that in 2018, 2019, I actually spent a good bit of time being a Bitcoin maxi. And then I even was part of Little Bitcoin Book and which is not to say, sometimes I feel like people in crypto are a little bit maybe too tribal, which is not to say I don't love Bitcoin. I still consider Bitcoin to be king. But when I took a little bit of time out of crypto, when I came back to crypto, I started just using a lot of the apps that had sort of emerged out of DeFi Summer and I was totally floored by using Raydium in April. I really could not stop talking about it for just about a month because it was very squarely Web 3.0 but it felt like Web 2.0 and it was just so obvious to me at that moment that this was going to be how the next billion people, if we were going to get a billion people into crypto, anytime soon it was going to be on Solana.Solana to me is just such a unique combination of being technically so innovative but at the same time, really understanding that to bring people into the ecosystem, it has to be a good experience. And sometimes for your end user, it really just is as simple as saying, "It's fast and cheap." And that's why ethernet is just better than 56K modems. And sometimes it just has to be that simple to the end user if you're going to appeal to a billion people.Austin Federa (02:48):Yeah, I completely agree with you. There's been so many of those moments I've sort of heard over the last year of people just trying something on Solana and having this experience of, oh, it just works. It's fast. It feels like a Web 2.0 application but it's delivered in a fully decentralized way. Just based on that, what was the decision in your mind to, tons of people have that experience, they go build something, they go work for a company building in the space in terms of a service provider company. What was the sort of appeal of something that's more at the foundation level?Lily (03:19):To me, I think that, I come from a background where I spent a lot of time, I originally started working in more traditional
Ep 58Payments Ep #58
In this special Payments episode of the Solana Podcast, Austin Federa guest hosts a conversation between Jeremy Allaire (CEO, Circle) and Sheraz Shere (Head of Payments, Solana Labs). They discuss merchant payments, stablecoins and Solana Pay: the newly released, open, and free-to-use payments framework built on Solana.00:45 - What is Circle?03:35 - The use case for stablecoins and the mechanisms to build them09:34 - Solana Pay13:42 - Integration of USDC and Stable Coins18:45 - How could Solana Pay become mainstream? 25:27 - The Solana Pay toolkit27:39 - Can businesses operate without a bank account?30:05 - Looking at Data Privacy in Solana Pay and Circle 34:35 - Hopes for Solana hackathon outcomes00:39 - Intro01:51 - pencilflip’s background03:30 - Working at facebook vs. web 3.007:31 - How pencilflip got into crypto08:52 - Views on NFTs10:45 - Getting into Solana15:29 - Experience working in lower level17:56 - What was his method to learn Solana?21:01 - What’s the hardest concept on Solana?23:53 - How fast did he move from Rust to Anchor?27:35 - Building on Solana33:24 - Advice to people moving to Web 3.0DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin: (00:09)Hello and welcome to the Solana podcast. I’m Austin Federa guest hosting this week. Today we're going to be talking about stablecoins, USDC and Solana pay. So we're joined today by Sheraz Shere, the head of payments at Solana labs and Jeremy Allaire, the CEO of Circle. Welcome to the show.Jeremy: (00:27)Thank you.Sheraz: (00:27)Thanks Austin.Austin: (00:28)Great. Well, let's start off with Jeremy, talk a little bit about Circle. Can you tell us a little bit about what is Circle and what's its role in the US DC stablecoin?Jeremy: (00:37)Sure, absolutely. So Circle is a global financial technology firm. We operate a suite of services to help businesses take advantage of digital currency in payments and treasury applications on the internet, which is all really a mouthful. But specifically we have a couple of really critical things. The first is we operate a stablecoin market infrastructure as we call it called USDC, and we'll talk, I know more about that, but USDC is a dollar digital currency that is an asset backed or fully reserved digital currency that can be used for payments and settlement on the internet. And it's already used really, really widely in the crypto economy.And so we run that infrastructure and provide that to businesses institutions, and through many, many of our partners out to tens or perhaps even hundreds of millions of end users that interact with USDC. And then we also operate a suite of services for companies to have payments and treasury management and other things that are needed to integrate this into the way that they operate. So almost like a crypto native bank account for businesses to store and transact, and then alongside that a broad set of API products.So basically Circle APIs that connect the existing fiat system, credit cards, bank accounts, bank transfers with stablecoins, with the custody, security, blockchain management, and other things that are needed to use that and integrate that into your own application. So lots and lots of fintechs, startups, companies like building on those APIs to kind of integrate stablecoins and fiat in their applications. So hundreds of companies use those and those are the key things that we do. And we've been growing with other products in what we call to treasury services. So Circle yield, which is a stablecoin yield product, which has been growing really fast too.Austin: (02:50)Yeah. I want to get into that kind of in a minute. So stablecoins, they're foundational to a lot of how DeFi has been enabled over the years. So there's lots of different applications for that. Sometimes it's just as a common transacting layer between multiple currencies. There's lots of different applications for it, but as you mentioned, there's more and more sort of enterprises and traditional companies, as well as fintechs that are in that space that are looking to use stablecoins in their business operations. At the same time, you have a bunch of DeFi Degens who are sort of the original core audience for a stablecoin. What does that decision making process
Ep 57Stake Pools Ep #57
Vasiliy Shapovalov (Tech Lead, Lido), F.P. (Co-Founder, Socean) and Ella Kuzmenko (Product Manager, Stake Pools & Delegation Program, Solana Foundation) chat with Anatoly about the complexity and game theory surrounding stake pools, decentralization and censorship resistance.00:10 - Intro01:38 - Collaterals, maximizing censorship resistance07:40 - APYs and investors09:31 - How to get penetration across DeFi14:58 - Governance in a liquid stake pool18:23 - Automation vs. programmatic on-chain governance20:44 - Factors in selecting validators29:27 - Growing the validators set32:21 - Stake pool token in DeFi35:09 - Liquidity fragmented between too many pools41:01 - Who controls the network?44:46 - Increasing decentralization00:39 - Intro01:51 - pencilflip’s background03:30 - Working at facebook vs. web 3.007:31 - How pencilflip got into crypto08:52 - Views on NFTs10:45 - Getting into Solana15:29 - Experience working in lower level17:56 - What was his method to learn Solana?21:01 - What’s the hardest concept on Solana?23:53 - How fast did he move from Rust to Anchor?27:35 - Building on Solana33:24 - Advice to people moving to Web 3.0DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Anatoly (00:10):Hey folks. This is Anatoly and you're listening to The Solana Podcast. I have a super exciting episode today, it's all about Stake Pools and decentralization and censorship resistance. And I have a group of guests that I'm going to let them introduce themselves, just to make it a little easier. So Ella, why don't you start first?Ella (00:29):Sure. Hey guys. Ella, I'm a Product Manager of Censorship Resistance at The Solana Foundation working on Stake Pools and the delegation program.Vasiliy (00:39):Hey. I'm Vasiliy, I'm tech lead at Lido. Honestly, I think that the person who should be here instead of me is someone, of course like Felix or [Uto 00:00:49] or maybe Brian, but they couldn't make it, so I'm here instead as a second best option.Anatoly (00:58):Awesome to have you. We'll take the second best.FP (01:03):Hi, guys. I'm FP. I'm co-founder and CEO of The Socean Stake Pool. Nice to meet you guys all today.Anatoly (01:11):Awesome. So censorship resistance Stake Pools, I've been pounding the table on this for two years as the most important thing and proof of stake networks, because I have this crazy belief that if we have liquid staking as collateral and DeFi than financial analyst to analyze systemic risk and these things, we'll actually prefer collateral that maximizes censorship resistance. And that is a crazy thing, because it would tie incentives for maximizing censorship resistance in the network to its actual use and primary use being DeFi. Is this real or not? Is this going to happen?Vasiliy (02:00):I probably got some experience to tell here because we were in production longer, not on Solana, but in general, longer than most liquid staking pools. And I can say that it's less pressure to decentralize than I thought it would be on one hand. On the other hand is much more pressure than we usually have as a stake provider, as node operator. I come from a stake provider, P2P.org that is pretty big itself. So about 4 billion stake of fire down depends on phase of the moon, the day.And people who usually stake, there is the kind of weak, very weak, but it's a prisoner's dilemma when people are incentivized to stake with best node operator. And when there is no clear best, they go by brand but there is a number of pretty good node operator that people are incentivized to stake with because these good node operator don't lose the mistake and give them good profits and stuff like that. And basically it leads to centralization because they are not incentivized very much to the centralized stake. And it's probably on goodwill and many stakers don't give enough thought to goodwill, but stake and pools always do. Basically, they're professionally obliged to do this and better holding up to hold the node operator accountable.I think in Lido, we have a better monitoring system for node operator around for us. And most of the big stakers like changes and funds and stuff that we're monitoring people who stake for us way better than most stakers. And I can say that the trade of is real
Ep 56Gateways to Public Blockchains Ep #56
Live from Breakpoint 2021, Ali Yahya (a16z) moderates a discussion about wallets, custody and the User Control Layer with Brandon Millman (Phantom), Filip Dragoslavic (Solrise) and Maria Phillips (Slope Finance). 00:10 - Intro02:32 - Custodial vs. Non-custodial models for keys holding07:11 - Education is key11:37 - Building on top of user-controlled layers16:48 - Unbundling Wallets20:04 - Mobile vs. DesktopDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Ali (00:10):All right, welcome everyone. So today we have a great panel to talk about the user control layer. So everything that has to do with UX, interfaces, wallets, how people use their private keys to interact with blockchains, and how all of that plays into web 3.0, and the things that are being built in DeFi, NFTs, et cetera. And we've got only 20 minutes, unfortunately, which is an egregiously short period of time to cover such a meaty topic, but excited for it. It's going to be a great conversation. I'm going to start by letting our panelists, maybe introduce themselves. Maybe one minute kind of introduction, and then we can dive in. Does that sound good?Filip (00:50):That sounds good. I'm Filip from Solflare. We actually built the first wallet on solana. That was actually before magnet, July last year. And Solflare was the first taking wallet, and right now we have over 20% of solana circling supplies stake through Solflare, and we are expanding onto all platforms. We have a web browser, we have a browser extension. We just launched mobile on Friday. And we are just looking to give all our users the opportunity to access Solflare from whichever platform they want to. And that's what we're all about.Brandon (01:37):Hey, everyone, I'm, I'm Brandon Millman. I'm the CEO and co-founder of Phantom. Just got started back in May, and it's just been such an awesome journey. I just wanted to say thanks to everyone in the audience and listening back at home for helping support us on this journey, and to hit 1 million users recently. Each and one of you are one in a million to me, so really appreciate it.Maria (02:03):Hi everyone. I'm Maria Phillips with Slope Finance, I'm head of communications. Slope Finance was the first mobile wallet on solana and we have over 150,000 downloads and an MAU of 95%. We are mobile first. Yeah, fantastic. Delighted to be here today.Ali (02:23):Amazing. Well, thank you guys. Well, let's start with, I think one of the basic questions about how user interfaces should interact with a blockchain. And that is the question of whether the keys should be held by the user, or if those keys should be held, or might be held by a company in the middle, like say a company like Coinbase or a company like that, where that would be kind of a custodial model versus having things being non-custodial and sitting at the edges. And I think we all kind of know what the ethos of this space is, but of course there are many trade offs. And so I'm curious to talk through how you guys think about those trade offs, and what are the kinds of things that we can do to empower the user as much as we possibly can.Filip (03:04):There's two different approaches like custodial and noncustodial. Noncustodial is in a true spirit of crypto where you actually control the keys. You control their finances and no one can actually take it away from you. I talked to someone from Algeria and he told me how important that is for them.Ali (03:24):Yeah.Filip (03:25):Since I don't live in a country like that, I didn't know that's so important for them because at one point in time, someone can actually get something from the bank account, they lose everything. But on the other hand, all people are actually used to, don't have that responsibility of just holding all their finances with them. So we have bank accounts, we trust banks with our money and it's going to be a long road to educate old people, to get from the custodial to the non-custodial thing. And I don't think that it's ever going to happen in a big way, but as all crypto people here are, we are like early adopters and we want to try new things, but the vast majority will always stay non-custodial. And there's always going to be those two approaches.Ali (04:19):Yeah. Makes sense
Ep 55Scalability and Cross-Chain Bridges Ep #55
Live from Breakpoint 2021, Austin Federa (Solana Labs) moderates a discussion about the transfer layer and cross-chain bridges with Hendrik Hofstadt (Jump Crypto), Bryan Pellegrino (LayerZero), Alex Smirnov (deBridge) and Andriy Velykyy (Allbridge.io). 00:10 - Intro02:50 - The importance of bridges not relying on Trust04:28 - Moving wrapped assets12:00 - Capital Efficiency of Bridges14:02 - Future of bridges16:28 - Integration of bridgesDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin (00:10):All right. Welcome guys. We're here to talk today about the transfer layer, scalability, cross chain bridging, the technical problems, the operational problem, the UX problems. This is just a panel of problems today, but it's also a panel on opportunities. We've seen a huge amount bridge over between other protocols in solana between other protocols and other protocols. We think of bridges as something new, but bridges are how DeFi has used Bitcoin as collateral for quite a long time at this point. It's kind of funny to think about how this started as we're taking an asset that's considered quite stable and solid that has no smart contract ability and being able to use that in Ethereum and that early day work really set the stage for, I think, a lot of what we're seeing today.Austin (00:55):But bridges go far beyond just this idea of how do I move something from chain A to chain B. There's roles in them as being decentralized ways to pass messages between different chains. There's a role for them in making users feel safe about trading across chains, and there's a role about them, about creating an exit ramp too. So that if you do something like buy an NFT for $69 million, you're not dependent on one chain to hold that. There's an ability migrate in a decentralized and trustless way. So we're getting into a bunch of that today. I'd say, let's just go ahead down the line and give a quick introduce to yourself and your project.Hendrik (01:31):Sure. I'm Hendrick. I'm with Jump Crypto and as Jump Crypto we're core contributors to Wormhole, which is a cross chain messaging protocol, connecting high value chains. And message passing in this sense means anything can flow between these high value chains, meaning assets and data. So your coins, NFTs, but also governance decisions and more information like as a base layer for developers to build on top of.Bryan (01:54):Bryan from LayerZero. Our focus is purely generic messaging interop. High level is connect every contract on every chain to every contract on every other chain.Alex (02:05):Hi everyone. My name is Alex Smirnoff and I'm co-founder of the deBridge Protocol, which is cross chain interoperability and liquidity transfer protocol. So the protocol itself allows to breach any arbitrary assets or data between any blockchains including solana of course, down the road.Andriy (02:23):Hi I'm Andriy from Allbridge, I'm a co-founder there. We currently support seven blockchains, and I hope that this number would increase to 12 by the end of the year. We started in July and since July, we bridged to solana one point half billion worth of assets.Austin (02:44):It's great to see. So I want to start out with just a level set question and Andriy, we'll start with you. Why is it important for a bridge to not rely on trust?Andriy (02:54):You see, when we speak about trusted bridges and trustless bridges, and that is the question, I suppose?Austin (03:00):Yes.Andriy (03:01):We have to consider that while we all here are building decentralized future, which should be completely trustless, in my personal opinion, sometimes we may sacrifice some layer of some level of decentralization to provide faster and better user experience. Because we are, in the end of the day, we are limited by the technology. And I have been thinking a lot about that because in the very end, we are building for our users and we want to create the product that would be used and used easily. And when we, in some cases, add too much of decentralization, that can affect user experience in a bad way. And this is something that we should consider as the owners of the business. So it is not so simple. I mean, as I said in the very beginning, I'm like a hundred percent over de
Ep 54Brendan Eich - CEO & Co-Founder, Brave Software Ep #54
Live from Breakpoint 2021, Brendan Eich sits down with Anatoly Yakovenko to discuss integrating Solana into the Brave Browser, the huge potential for a decentralized search engine and NFTs as an entry point to the metaverse. 00:09 - Intro00:54 - Integrating Solana in Brave08:00 - Challenges with creating the browser09:23 - How to scale crypto to the general public11:57 - A Decentralized search engine14:46 - NFTs as entry point to the metaverse16:35 - Mobile vs. Desktop18:00 - Languages and smart contract development20:40 - How to grow crypto to mass adoption22:44 - Global Peer-to-Peer environment in Crypto DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Brendan (00:10):Great conference.Anatoly (00:11):I know. Thank you. I'm really excited to be on stage here with you. You're-Brendan (00:15):Same, [crosstalk 00:00:17].Anatoly (00:16):... One of my heroes. As a programmer, JavaScript is a language that really revolutionized how we do application development, how we build. It's the foundation of the web. And I often think of web 3.0 really just being the web, just part of the bigger web.Brendan (00:34):Yeah, me too. That's how the web grows, by evolution. So we think the web 3.0 browser should be the gateway to a billion crypto users. And we are therefore integrating Solana into Brave soon as we can. And here's the cool thing, this is an evolutionary path. We're going to make it so any dapp that is Solana enabled, wherever other chains, EVM compatible or Ethereum, whatever it supports, if it supports Solana as well, we'll make it use Solana by default. So dapp builders who build for Solana as well as other chains. In Brave it's going to use Solana. And that's going to just help, I think, pull all the dapps on the Solana.Anatoly (01:24):Super exciting.Brendan (01:25):You like?Anatoly (01:25):Yeah, it's wonderful. Yeah.Brendan (01:28):Let's see what else. What do we like about Solana? We like NFT games, we like DeFi a lot. We want to make it easy for users to earn and get yield without having to be super expert or do a lot of complex operations. So we're going to work on building that probably in the first half of next year into the wallet so that you can just robo-earn, robo-yield. And we want NFT galleries and NFT transactions to be super slick. I was inspired by the Jules Urbach talk earlier today, and the demo earlier here with NFTs, there were several of them actually, it's all good.Brendan (02:07):We want as many NFT marketplaces integrated as we can, so that's on the agenda. And yeah, [Radium 00:02:13] is there, of course. Radium's still earning, yielding good. The thing that we do now with basic attention token tends to have to settle on Ethereum and it's going to cost you gas. And our valued settlement partners like Gemini, Uphold bitFlyer in Japan, but once we're on Solana, I suspect that BAT, which is already reflected through Wormhole, proxied through Wormhole, might just find it's better to settle on Solana. What do you think?Anatoly (02:41):Yeah, for sure. Absolutely.Brendan (02:44):I'm giving you the softballs here. And we really do want to get this out to all users. We think, whether you're having a hard time in some part of the world where it's hard to get banks to let you save or borrow, or you're beyond banks like a lot of us are or want to be, Solana is the way to do it. And I mentioned auto earn already, got ahead of myself, but I think this is going to be huge. It takes some skill, you got to make sure if you get on the wrong side of yield farming, you go somewhere where the grass is greener, but we'll make it as automatic and easy as possible. And it's just so much better on Solana. I'm making you blush. And yeah, the dapp ecosystem is growing, but if we do this Solana default on multi chain dapps, I think we'll just pull every dapps that's really popular over that Brave users want, and I hope that's going to be every dapp.Brendan (03:37):So here's more NFT marketplaces. There are lots of cool projects in crypto, so we're not doing only Solana, we have obviously Ethereum, we're going to do Bitcoin in the new wallet. It's coming up fast, it's in the Brave nightly builds. And we might do other chains, but I think it's important to pick a chain as defau
Ep 53Daffy Durairaj - Co-Founder, Mango Markets Ep #53
Daffy Durairaj is the co-founder of Mango Markets and is currently working full time as a developer in service of the Mango DAO.00:28 - Origin Story04:44 - Seeing the order book10:20 - The idea behind creating Mango Markets15:38 - Going from creating smart contracts to creating Mango17:32 - How big is the DAO?20:01 - The Launch29:15 - VCs and the launch32:43 - Decentralization and getting stuff done34:55 - Will DAOs ever compete with big tech companies?40:43 - What’s next for Mango Markets?DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Anatoly (00:09):Hey folks, this is Anatoly and you're listening to the Solana Podcast, and today I have with me Daffy Durairaj, who is the co-founder of Mango Markets, so awesome to have you.Daffy (00:20):It's great to be here.Anatoly (00:22):So origin story, how'd you get into crypto? What made you build Mango Markets?Daffy (00:30):How did I get into crypto? So, I started off really not wanting to get into crypto. I was really interested in algorithm training. I did that in college and did some competitions that I did well in, and I wanted to trade equities, but it turns out if you have not enough money, if you have a few thousand dollars it's just not allowed. You're not allowed to algorithmically trade. There's a patent day trader rule, and I was infuriated and I was just looking around and I found Poloniex where you can do anything you want. The thing that actually hooked me first to Poloniex was the lending market because immediately as soon as I saw an open lending market, I was like, "Oh wow, I have to buy some bitcoin, and I have to lend it out." And, Poloniex was all bitcoin, and then it gradually got into just the meat of it, which was algorithmic trading and everything about crypto seemed exciting, but I actually didn't want to hold bitcoin. Poloniex was all bitcoin, but again, I think the government sort of pushed me in the right direction.I was like, "Okay, I don't want to hold bitcoin, I'll hedge off my risk on BitMEX, but again, not open to US persons, and so I was kind of reluctantly holding bitcoin and thinking, all right, I have a few thousand dollars if things go bad in this whole bitcoin thing. I'll come out okay. I'll get a job or whatever, but just never got a job, just kept holding bitcoin and continue to trade crypto, and I did that for about five years. Then, I wanted to actually start trading on chain because I thought this was probably for a lot of the reasons that you built Solana, the censorship resistance, and the global liquidity of it, and the openness of it, the fact that you're not excluding people that have a few thousand dollars. I wanted to build on chain and I was just not very bullish on a lot of things, so I kept going back to trading, and then I saw Serum DEX, and I was just hooked. I placed a trade and it felt totally natural and normal. It wasn't like $40 and takes 20 seconds and you don't know if it... And, then MetaMask was jammed and you're like, "Oh, but how do I cancel this?" So, that was a long-winded way of saying I was a trader and then I saw Serum DEX and then I had to start building the tools that would make Serum DEX even more fun.Anatoly (02:59):That's awesome. I got into it by trading. Basically, I set up like an Interactive Brokers IRA account, and that let me kind of bypass the rules.Daffy (03:11):Really?Anatoly (03:13):With a very small amount of money. I think they probably closed these loopholes already. I wrote a bunch of stuff on top of their Java STK and started trading there.Daffy (03:22):I remember I actually got started that way too. I did a bunch of stuff for their Java, and we can tell you we're both programmers. We wanted to build this money machine. It's so fascinating, and it's a machine that-Anatoly (03:40):It prints money.Daffy (03:40):It does things and it prints money. What more could you want? So, I got started with Interactive Brokers, but I guess the whole IRA thing... Because I was a college student, and so even talking to an accountant would take a huge dent out of my net worth.Anatoly (04:01):Totally, it's all really not designed for... The whole financial system in trading in the US is designed to funnel retail towards an app like E-Trade or Robinhood, w
Ep 52Alexis Ohanian - Founder, Seven Seven Six Ep #52
Live from Breakpoint 2021, Alexis Ohanian sits down with Raj Gokal to discuss web3 and the $100 million fund to support decentralized social media projects on Solana. 00:10 - Intro2:20 - Announcement of Seven Seven Six and Solana Foundation collaboration9:53 - GM, Twitter, #FreeRaj14:31 - Discussing Web 3.0 and the future of decentralized social media18:04 - User experience and building on Solana22:48 - New types of governance and delegation25:59 - How crypto can change the way we see the world DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Raj (00:10):(silence). Ooh, beautiful.Alexis (00:11):This is fun. Hey everybody.Raj (00:13):It's electric.Alexis (00:13):All right. All right. Nice to see you all too. Oh, there we go. Okay. This is big. This is just the building of a new internet. Probably nothing.Raj (00:26):Probably nothing. It's such an honor, Alexis, really, to be on stage with you. It's like a dream. I've been a power user of Reddit, and I saw the way that you created that and the intention that you brought into it, and the intention you've brought into how we build technology that connects people together, and the conviction you have about how you want it to connect them for good. Not pull them apart but pull them together. Three things that connect them, their interests, their common grounds, and give them the tools to do that.Alexis (00:59):Thank you, man.Raj (00:59):Yeah, it's been really awesome.Alexis (01:00):I feel grateful. I was a dumb college kid in 2005, starting Reddit. The inspiration were like message boards. And I ran a PHPBB forum. Shout out PHPBB. I think those bulletin boards are still cranking somewhere in parts of the internet, but it was a hope for a more connected internet. But I really had no idea what would come from it. I'm obviously grateful. Hopefully a few of you all are Redditors. Any? Couple, one or two? Thank you. Thank you for all of your upvotes and thank you for also admitting you're the least productive people here. So thank you for your candor. I got so excited as crypto started taking off because Reddit is where I dove in. R/Bitcoin is the community that inspired me to first invest in Coinbase back in 2012. R/Ethereum was the community that got me really excited about what could actually be done with programmable money and this concept of building an internet that was decentralized and truly in the hands of all the people creating content. And now what I am seeing here, especially within the Solana community, is nothing short of awesome.And we can just cut to chase and one of the reasons why I'm here is to announce a collaboration that we're doing. I have a venture fund called Seven Seven Six. We're earmarking with the Solana Foundation $50 million to invest in the next wave of social built on Solana. Because I think this new world... We were debating whether to do the announcement at the start or at the end, I'm happy we did at the start. It's good vibes. But my job these days is with our team to look for the next big thing, put our money into it, give our support, our advice, our feedback, and help build businesses that'll be even bigger than any of the ones I've created. And it's exciting because this actually fulfills ambitions that I remember having 16 years ago but that we just couldn't execute on because the technology did not exist. And so I'm going to take you down memory lane a little bit. We'll fire up some slides.This is actually the very first version of Reddit that went live in 2005. I was not a great web designer. I was not. I'm really proud of Snoo, our mascot. I created that while I was bored in marketing class. But this was the first version, and a couple of things to notice, karma score, absolutely stole that from Slashdot. But I realized, okay, if we can get people to be incentivized to post good stuff, we can get more people to post more good stuff. And we'll just use internet points. It'll just be made up. And so if you got an upvote, you would gain a karma point. If obviously you were downvoted, you'd lose one. As you can see here, I posted the first link to Reddit, the Downing Street memo, and I was promptly downvoted because my co-founder is a dick. I knew exactly who it was, because it was just t
Ep 51Tommy & Taylor Johnson - Co-Founders, PsyOptions Ep #51
Tommy and Taylor are the founders of PsyOptions, a DAO developing the leading options primitives on Solana. 00:09 - Introduction and Origin Story04:04 - What are the challenges / improvements in Solana?11:49 - Integration of Serum v314:32 - Adoption of PsyOptions17:19 - Architecting the system22:11 - Liquidity mining vs. options trading26:27 - Background in trading options28:05 - DeFi vs. Traditional finance products30:56 - Gaming as a market32:56 - Exciting things out of the hackathon34:09 - Announcements for PsyOptions37:53 - If Solana could change one thing? DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor.Anatoly (00:09):Hey folks, this is Anatoly and you're listening to The Solana Podcast. And today I have with me Tommy and Taylor, co-founders of the PsyOptions protocol. Awesome to have you guys.Tommy (00:18):Thanks for having us.Taylor (00:19):Thanks for having us.Anatoly (00:21):Cool. So what's the origin story? How did you guys get into crypto and what made you build PsyOptions?Tommy (00:27):Crypto, it goes back to... I remember watching the Ethereum ICO, just being a broke college student, but felt we were too broke to actually throw anything into and that's a big regret, but that shaped up how we got into Solana later on. Really dove deep into everything back in 2017, right before the summer hype. And then in the summer hype, tried developing a little bit on Ethereum, doing some solidity development in the spare time, but I never jumped full time into it until PsyOptions. Taylor has a little bit of a different history with crypto.Taylor (01:03):Yeah. I've actually been full-time in crypto since late 2017, after Tommy and I shut down a previous business we started in school. We were looking for different things to do and I knew crypto had a lot of hype in 2017. I was like, "All right, this is definitely an industry I could see myself being a part of." I eventually took a job at Blockfolio and then as well as doing some freelance solidity development and then been full-time ever since.Anatoly (01:27):How did you guys meet? What was the genesis for you guys to go build PsyOptions?Tommy (01:32):Well, Taylor and I are twins, so we met a long, long time ago. We've always been hacking on ideas and stuff. And I guess, Taylor had his eye on Solana from 2018, right Taylor?Taylor (01:47):Yeah, pretty early on. I remember Multicoin writing about it. I was like, "Oh, this is actually a really sweet architecture, solves a lot of problems that we saw in Ethereum." And kept following before Mainnet beta was launched.Tommy (01:59):Yeah. And so we had been tinkering around, created a GitHub organization last summer, like the same one we're using now and just started reading the documentation. And then had a few projects we tried in the fall that never really took off. And then in October we were surfing with Tristan from FTX and he was just talking about Serum and everything that they were working on. So we knew what was in the pipeline and had that in the back of our mind. We did the first hackathon, did in place, built a trusted third party Oracle. And then after that had an issue with TradFi, trying to get API access to automate a options trading strategy, and that was what kicked it off. We were for fresh off that first hackathon, wanted a fresh idea, had our feet wet in Solana. And it was like, "Taylor, what if we just built options into the blockchain? We can get this API access built in. We have the order book already there, there's some basic infrastructure." And that was the genesis.Anatoly (02:59):That's awesome. Limited access to data was one of the reasons I started building this thing. Because I used to try to build stupid deep learning models on interactive brokers and you never have access to data. It's always even the quality is really suspects. It's like, "Do I really know that this is where things got executed? Or did they just copy and paste stuff from a database with a bunch of errors?"Tommy (03:26):Yep.Taylor (03:26):That's terrible. Yeah. If you want good data quality, you have to pay up for it. That's why Bloomberg Terminal is what 20, 25K a month. And if you're just the hobbyist or just trying stuff out, it's just not feasible to pay that much.Anatoly
Ep 50Larry Cermak - VP Research, The Block Ep #50
Larry Cermak joined The Block as one of the first employees with the mission to provide professionals with accurate information about crypto. He now leads a 30-person research team that delivers insights to institutional customers.00:09 - Intro00:20 - Larry Cermak’s origin story / His work at The Block08:25 - The fundamentals of Bitcoin16:03 - The value of SushiSwap19:35 - Investing based on Memes23:42 - Market Value for future gains in Crypto26:12 - Will NFTs be backing internet money?28:44 - Thoughts on Algorithmic Stablecoins31:00 - Regulation in the US34:47 - Decentralization and tokens in the context of regulation39:45 - Volume of users / social networksDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor.Anatoly (00:09):Hey folks, this is Anatoly, and you're listening to The Solana Podcast. And today I have Larry Cermak, who's the VP of Research at The Block. Awesome to have you, man.Larry Cermak (00:18):Nice to be on, it's a pleasure.Anatoly (00:20):Yeah, so tell me your origin story. How'd you get into crypto?Larry Cermak (00:24):Yeah, it's probably slightly longer. But really high-level, I got involved in late 2016, I was in college in the US and was thinking about what to do my thesis on and Bitcoin seemed like one of the more obvious options, to not make it incredibly boring, so I just decided to go with that. And throughout the research process, I just kind of found that there isn't good research about Bitcoin, just in general crypto. There was either the super bullish people that were like all in on Bitcoin, or super bearish academics, and there nothing in between, and I felt like I can fill the gap a little bit.So after I published that research, I shared it publicly as well with a few people, and based on that I got my first job offer to work at Diar which is a research company, focusing only on crypto. So I worked there for a couple of years, and really just tried to focus on data driven research, which now it sounds kind of obvious, but back then it just wasn't very common. Most people were just looking at the really simple metrics and munging data, but mostly it was just price discussion, price predictions, all that stuff. And we were really looking at just analyzing the market a little bit more fundamentally, that sounds even more silly now looking back.And I got lucky that in 2017 when I joined full time, like early 2017 I joined full time, and that's when everything popped off massively, and it was just a bunch of shit ICOs, like a lot of sketchy stuff. I consciously started looking more into these projects, so I was one of the people that were kind of cautioning against some of the ICO stuff, and it was a lot of fun but I was quite skeptical back then still. So actually, a lot of people who have followed me for a while, they know initially I was a no-coiner, I had no crypto, and I was convinced that initially actually that a lot of this is just kind of hype mania, it's just all like overblown massively. But something really drew me into it, and it was mostly the permissionless nature, ability for anyone to participate, but what really I didn't like was just the hype around it, the marketing, the emptiness, and all that stuff.So I over-focused on that I think initially, but after some time, I realized that that's probably not what this is all about. Initially, I didn't think that it was necessarily important for most projects to have tokens and I was very skeptical that most tokens need a project, and I started massively changing my mind on this with the DeFi beginnings. So early 2020 my mind started completely changing on most of the space and I stared allocating a little bit more, and now I also do seed investing privately. And obviously, I lead the research department at The Block which is now 25 researches, probably the largest research team in crypto.Anatoly (03:33):So you went from Bitcoin skeptic to full shit-coiner.Larry Cermak (03:38):Kind of, yeah. It's a little bit concerning honestly.Anatoly (03:42):In four years.Larry Cermak (03:44):Yeah, I don't think I was really a massive Bitcoin skeptic, I was just skeptical of everyone is just so positive, and Bitcoin maximalists, I just could not handle that. When you just start using really bad argum
Ep 49Packy McCormick - Founder of Not Boring Ep #49
Packy McCormick is the author of the tech/web3 newsletter Not Boring and runs Not Boring Capital.00:09 - Intro01:34 - What are people building in the world of crypto / What does ‘Not Boring’ invest in09:36 - Ownership in Crypto16:00 - Conversation around Play-to-earn19:06 - The regulatory aspect22:14- How does Anatoly balance his time23:54 - Thoughts on DAOs29:33 - Network Effect and defensibility in Crypto32:18 - Centralizing in Crypto35:20 - Solana in relation to DeFi, the cultural and the metaverse side of things.39:13 - The internet is Silicon Valley41:12 - NFTsDISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Anatoly (00:09):Hey, folks. This is Anatoly and you're listening to The Solana Podcast, and today, I have with me, Packy McCormick, author of Not Boring. Hey, man. Good to have you.Packy McCormick (17:27):Good to be here. Thanks for having me on.Anatoly (00:21):So, You're an author and you're also an investor. How did you get into crypto?Packy McCormick (00:26):Yeah. So, I got into crypto back in 2013. I read Fred Wilson's blog post on investing in Coinbase, bought a bunch of Bitcoin, I think 38 Bitcoin, and then I went on a trip to Oktoberfest, and I felt bad about it, I had just quit my job, so I was like, "You know what, instead of spending money when I'm unemployed, let me just sell this stupid Bitcoin and I will pay for the trip."So, because of that, because of the pain of selling then, I avoided it until earlier this year, later last year, and really, really got back into it as I was talking to a couple companies that I was thinking about investing in and thinking about the intersection of crypto and the metaverse and how an open economy just fits so much better with that vision, since then, I've just gotten deeper, and deeper, and deeper down the rabbit hole.Anatoly (01:18):So, you held Bitcoin because you can sell it? That's just too big of a pain in the ass.Packy McCormick (01:24):I felt so bad about selling it and missing out. I think at the peak, it was like a two million dollar plus mistake, and so I was like, "You know what? I'm out of this for a little while."Anatoly (01:34):That's funny. What do you guys invest in?Packy McCormick (01:39):Yeah. So, I run a small 10 million dollar fund called Not Boring Capital, and we really invest across stages, across geographies, across verticals. For the first, I'd say, half of the fund, it was really traditional investments, I'd say for the second five million in the fund, it's been pushing up against the 20% non qualifying limit. I'm actually investing in my first Solana based project this week, which is yet to be announced, so can't talk about it, but something in the real estate space and something I'm super excited about. But doing as much crypto as I can in there, but I still think some use cases are perfectly well suited to crypto and some are really not. There's plenty of things in Web 2.0 that I'm super excited about as well, so really trying to balance investing across both.Anatoly (02:27):So, by traditional businesses, you mean like software internet based ones?Packy McCormick (02:32):Exactly.Anatoly (02:33):Cool. I mean, I've been in crypto for like the last... I can't remember... it feels like a decade, and I can't imagine what the world is like. So, what are people building?Packy McCormick (02:48):It's a good question. So, today, I talked to a company, for example, that is making it a lot easier for a restaurant to order the food that they need. So, right now, if you're a restaurant and you're ordering food, you're getting a bunch of PDFs from suppliers every week that aren't even searchable, and then you're going through the 6,000 items on there and picking something. So, there are still a bunch of these huge unsexy categories that are completely ripe.There's some security stuff that bridges into crypto, but there's one, again, stealth right now, but is also dealing with some Solana projects on the security side that I'm really, really excited in, but they're also securing Web 2.0 projects. There's some FinTech stuff I wrote about a company called Uni, yesterday. There's definitely a little bit of mental gymnastics that I have to do to be super bullish on FinTech and super bullish on crypto, bu
Ep 48Jonathan Schemoul - Founder of Aleph.im Ep #48
Jonathan "Moshe" Schemoul is the founder of aleph.im, a cross-chain p2p storage, computing network and first decentralized indexing provider for Solana.00:36 – Intro & how did Jonathan Schemoul got in crypto02:09 – What is Aleph and how does it work?06:48 – Is Aleph database a blockchain?09:20 – Understanding core nodes and Aleph’s economics11:22 – How does Aleph interact with DNS?15:29 – How does Aleph get verification of certificates? 21:44 – How does Aleph check integrity of computation?25:06 – What is Aleph’s vision?30:32 – Will Aleph always be project facing or will it one day be user facing?32:28 – What load can Aleph currently handle?39:00 – How do the economics work for people providing hardware and bandwidth?DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor.Anatoly Yakovenko (00:12):Hey folks, this is Anatoly, and you're listening to The Solana Podcast. And today I have Jonathan Schemoul with me, who's the founder of the Aleph.im project. Really awesome to have you.Jonathan Schemoul (00:22):Thank you very much. I'm really happy to be here today.Anatoly Yakovenko (00:25):Cool. We usually start these with a simple question, how did you get into crypto? What's your story? What's the origin story?Jonathan Schemoul (00:36):Well, into crypto it's a long story. I started way back in time, a bit on Bitcoin then I stopped because it was only money back then. And that wasn't the end game for me. Then I came back into crypto in 2015, 2016, and I started doing a bit of development because I saw that I really wanted to be part of Web 3, to do nice things with it. I started developing as an open-source developer for a few projects. One of these is the newest project which is Chinese blockchain layer one. I'm not really involved with it anymore.Jonathan Schemoul (01:16):But working with them as a community open source developer, I saw that there was some missing links somewhere that you couldn't decentralize all the stack with just layer one, it is not the one that they were building back then. So that's how the Aleph.im project is born. For me, besides that, I've been developing for a lot of companies before in the IOT space and also for big banks sometime ago. I've been a developer for a lot of years.Anatoly Yakovenko (01:48):That's great. I mean, that's a great background. The thing that you're focusing on with Aleph is this idea that Web 3 is just a small part of the piece, but you still need UI front-ends, business logic and things sitting on top of the blockchain. How does that work?Jonathan Schemoul (02:09):The idea is that, okay, now you can have smart contracts on Solana, that's great. You can even do way much more on like just money on smart contracts, that's great. Now, you need to have a front-end. So you need to have storage for that front-end. That's not all because a smart contract, a program doesn't have all the data that you need. So you will need some kind of indexing to get history. You will need a back-end for that.Jonathan Schemoul (02:37):Most of the DeFi application that we see have some centralized back-end behind them. They're running on AWS, sometimes on dedicated servers or stuff like that that is still centralized. If a government, and we just saw something about it today, wants to shut down the DeFi protocol that is organized like that, they can. With Aleph.im what we are trying to do is decentralize the last mile, because for that last mile most projects are using AWS, so we need to decentralize AWS.Jonathan Schemoul (03:11):So we provide storage, as in file storage for the front-end files, database storage, because most applications are just databases and also an equivalent to Amazon Lambda, where you start small functions that will be launched on a decentralized cloud, where there is place for them and will get you a return value, and these can be written in any language and connects the web and also a PC from blockchains here at Solana obviously.Anatoly Yakovenko (03:42):Got it. Super Cool. So this is a storage mechanism. Does it guarantee consistency? How's it decentralized? What happens if you nuke it? Yellowstone flows up, the current set of servers from Aleph get destroyed in the volcano. How do I move, switch, what state do I lose? Those a
Ep 47Jeff "Jiho" Zirlin - Co-Founder of Axie Infinity Ep #47
Jeff "Jiho" Zirlin is the Co-Founder of Axie Infinity, an NFT-based play-to-earn online video game. 00:23 – How it started through CryptoKitties?02:41 – What is Axie Infinity?04:13 – Game design and constant iteration05:52 – What is a blockchain game? A mix of social network, gaming and the start of a new economy13:15 – Why is crypto important to Axie?17:24 – Building and relying on your community 20:47 – Is the future of gaming the metaverse and user-owned assets?22:22 – The feasibility of crossover between games with NFT ownership27:35 – Where are Axies user from and what kind of players are they?30:45 – What's Axie's endgame?37:16 – Thoughts on competitors41:18 – Generative art and creating an Axie DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 46Yutaro Mori & Grace Kwan - Co-Founders of Orca Ep #46
Yutaro Mori & Grace Kwan are the Co-Founders of Orca, a user-friendly cryptocurrency exchange built on Solana. 01:15 – About Orca and its vision09:48 – What’s the future of DeFi?20:48 – A little bit about Orca’s roadmap25:50 – What does Orca’s team look like?32:11 – The internet hasn’t changed much, people grew into it. How will crypto grow more present in our life?36:22 – Solana and zero knowledge proof40:02 – Orca’s next features planned for Q2 and Q343:46 – How does Orca plan on growing their worldwide community? DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 46George Harrap - Co-founder of Step Finance Ep #45
EGeorge Harrap is the co-founder of Step Finance, a platform for Solana DeFi users to track their portfolio performance. Before Step, George was the CEO of Bitspark. 00:29 About George Harrap and mining05:03 From Bitcoin to DeFi, how can crypto solve currency issues in the world18:27 STEP Finance’s vision for the next five years21:20 Censorship resistance and layer 1s27:11 Hackathon: what would you like to see created?30:30 Thoughts on Rust and why it was the better choice for Solana38:08 Why you can’t innovate in the traditional financial system DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 45Kevin Rose - Partner at True Ventures Ep #44
Kevin Rose is a partner at True and a serial entrepreneur best known for founding Digg and Revision3. Most recently, he founded Oak, a guided meditation app, and Zero, an app for tracking intermittent fasting. 00:08 – Introduction of Kevin Rose, Modern Finance and the story of Reddit vs. DIGG06:04 – From DOS to Windows, where are we in the evolution of crypto07:50 – Crypto is here to stay. Could we see countries getting into it in the future?14:47 – The NFT craze19:58 – NFT: dynamic art and encrypting mystery over time23:08 – Blockchain is persistent and permanent; how will this impact NFTs in art and games?32:49 – From investing into educating people on crypto39:35 – Discussing the repercussion of Christie’s endorsement of NFTs43:22 – Kevin Rose’s investing philosophy49:34 – Kevin’s advice: test features DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 44Jason Choi - General Partner at Spartan Capital Ep #43
Jason Choi is a General Partner at Spartan Capital, one of Asia’s first crypto funds. As Spartan Capital’s first employee, Jason helped scale the fund from $9M to $200M within 3 years, and supported the launch of Spartan’s $50M DeFi-only venture fund to back world-class teams shaping the future of finance. 00:23 – Getting into crypto and about Spartan Capital04:33 – How does Spartan Capital invests?11:47 – Next wave: building for current users vs future adopters?19:47 – DeFi and the yield farming phenomenon30:36 – From CeFi to DeFi for the mainstream adopters43:33 – The NFT craze and where it could lead us51:37 – Thoughts on the next wave? DAOs? Social Networking? DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 42Dan Gunsberg - Co-Founder of Hxro Ep #41
We are excited to have Dan Gunsberg, Co-Founder of Hxro, sitting down with us for Episode 41. During this discussion, Dan talks about his history in traditional finance, how this experience guided him to building out Hxro, the importance of community, and the powerful disruptions he believes are going to happen over the next few years. 00:25 – Dan’s crypto story and what’s Hxro?05:38 – Centralized crypto exchanges vs legacy exchanges15:07 – Community capitalism24:11 – Community building around projects35:23 – Closing thoughts and what’s next for Hxro DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 41AlphaRay - Founder of Raydium Ep #40
In this episode, AlphaRay discusses the origin of Raydium, working with Solana and FTX, fusion Pools, the importance of communities, and the future of decentralized governance. 00:25 - The story behind Alpha and Raydium10:26 - What are Fusion Pools?15:07 - Teaming up with FTX/Serum and being among the first to build on the Solana blockchain19:29 - Solana communities25:52 - Thoughts on future governance features29:57 - Closing thoughts, what’s next? DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 40Santiago Santos - Partner at ParaFi Capital Ep #39
Anatoly and Santiago sit down to cover the stages of crypto, the major benefits of decentralized finance, on-chain transparency, the future of decentralized collaboration, and plenty more. ☀️ 00:31: Who is Santiago Santos, and why crypto? 09:07: At what stage are we in crypto? Are finance applications the equivalent of the internet in the 90s? 14:32: DeFi benefits: crypto lending, automatic investor profiles, transparency, and more 31:43: Is decentralization the future of collaboration? 38:45: Closing thoughts: porting vs. innovating. Stay open-minded DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 39Michael Wagner - CEO & Co-Founder of Star Atlas Ep #38
Michael Wagner and Anatoly Yakovenko sit down to talk all things Star Atlas. Star Atlas is a grand strategy game of space exploration, territorial conquest, and political domination being built on Solana. 00:48: Who is Michael Wagner and What is Star Atlas? 18:34: ATLAS and POLIS: Development of game economy 23:12: Developer ecosystem 25:40: Roadmap 34:19: Metaverse and VR 38:11: Decentralization of Star Atlas 43:29: Future Concerns DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 38Dankrad Feist - Researcher at Ethereum Foundation Ep #37
DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 37Roneil Rumburg - CEO and Co-Founder of Audius Ep #36
Audius is a music streaming and sharing platform that puts the power back into the hands of content creators. In this episode, Roneil talks about the creation of Audius, the need for empowering artists, how blockchain technology and cryptocurrency can completely disrupt the music industry, and more. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 36Paolo Ardoino - CTO of Bitfinex & CTO Tether Ep #35
For this exciting and technical episode we welcome, Eli-Shaoul Khedouri, CEO of Intuition Machines and designer of HUMAN Protocol. HUMAN Protocol specializes in providing the infrastructure for launching decentralized work pools that allow humans to contribute to data labeling and training ML/AI algorithms. hCaptcha is a user of the HUMAN Protocol and currently covers over 14% of the internet. In this episode, Eli and Anatoly talk about what Intuition Machines does, why the company embraced blockchain technology, how hCaptcha managed to capture such a large market share of the internet, what the future looks like for HUMAN Protocol, and much more. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 35Eli-Shaoul Khedouri - CEO of Intuition Machines & Advisor to HUMAN Protocol Ep #34
For this exciting and technical episode we welcome, Eli-Shaoul Khedouri, CEO of Intuition Machines and designer of HUMAN Protocol. HUMAN Protocol specializes in providing the infrastructure for launching decentralized work pools that allow humans to contribute to data labeling and training ML/AI algorithms. hCaptcha is a user of the HUMAN Protocol and currently covers over 14% of the internet. In this episode, Eli and Anatoly talk about what Intuition Machines does, why the company embraced blockchain technology, how hCaptcha managed to capture such a large market share of the internet, what the future looks like for HUMAN Protocol, and much more. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 34Sergey Nazarov - Co-Founder of Chainlink Ep #33
In this episode, Sergey talks about how he originally got into crypto, the origin story of Chainlink, the critical importance of smart contracts in growing the blockchain ecosystem, and more. Tune in for this very special episode with the Co-Founder of Chainlink, Sergey Nazarov. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 33Michael Shaulov - CEO & Co-founder of Fireblocks Ep #32
DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 32RAC - Grammy Award Winning Recording Artist Ep #31
André Allen Anjos, better known by his stage name RAC, is a Portland-based Portuguese-American musician and record producer. RAC has created more than 200 remixes in the rock, electronica, and dance music genres for various musical artists, with his work featured in ads from Citigroup and Hulu, among others. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 31A Deep Dive Into DeFi With FTX, Aave, Balancer, Curve, Gauntlet, and Solana Ep #30
This is a special episode of The Solana Podcast - we took a recent panel for the Solana Wormhole Hackathon and converted into audio format for you! Enjoy this deep dive into all things DeFi with industry leaders. Sam Bankman-FriedSam Bankman-Fried is the CEO of crypto derivatives exchange FTX and Alameda Research. He majored in Physics at the Massachusetts Institute of Technology and graduated in 2014. Stani KulechovStani is the founder and CEO of Aave and ETHLend. He is a seasoned entrepreneur with extensive experience developing technology in the crypto, blockchain, and fintech space. Michael EgorovMichael is the CEO of Curve and a physicist and scientist from the Moscow Institute of Physics and Technology. Anatoly YakovenkoAnatoly is the creator of Proof of History and co-founder of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. Jeremy MusighiHead of Growth at Balaner Tarun ChitraFounder and CEO of Gauntlet Networks, a research company aiming to make crypto networks and their governance interpretable and statistically sound. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 30Aaron Henshaw - Founder & CTO of Bison Trails Ep #29
In this episode, Aaron takes a deep dive into all things Bison Trails. For anyone curious about how Bison Trails operates, what it's like operating a Solana Validator, or is curious into the various business models of node operators, this podcast is for you. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 29Balaji Srinivasan - Angel Investor/Entrepreneur, Formerly the CTO of Coinbase and General Partner at a16z Ep #28
This is a special episode of The Solana Podcast. Things take a different route - Balaji and Anatoly cover Covid-19, the current state of the world, smart contracts and the future of decentralization, computation diligence, blockchain-based elections, Yale Law being replaced by code, math vs. science, Snow Crash, and location-independent work. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 28Clint Ehrlich - CEO of KRNC / NSF Funded Computer Scientist Ep #27
KRNC is a new blockchain protocol. Like Bitcoin, it uses cryptography to create a form of scarce "digital gold." The difference is what that digital gold is used for. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 27Kain Warwick - Synthetix Founder Ep #26
With over 924 million in value locked, Synthetix is a popular platform for derivatives trading in decentralized finance (DeFi). Kain Warwick and Anatoly discuss the early days of DeFi along with the pros and cons of the plethora of products hitting the decentralized finance market. This episode is for anyone looking to get a better understanding of how decentralized finance works- Kain and Anatoly abstract away the complexity riddled in DeFi and cover the fundamentals. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 26Justin Drake - Ethereum 2.0 Researcher Ep #25
This episode is all about Layer 1 architecture and innovation. Justin studied mathematics at Cambridge University. He was a Bitcoin entrepreneur from 2014 to 2017 and is now an Ethereum 2.0 researcher. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 25Sam Bankman-Fried - CEO of FTX, Co-founder of Serum Ep #24
A day after Project Serum was officially announced, Anatoly and Sam sat down to discuss the current trading environment in crypto, the future of DeFi, and to provide additional details around the high-speed, non-custodial decentralized derivatives exchange built on Solana, Serum. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 24Dieter Shirley - CTO of Dapper Labs, Lead Architect of Flow Ep #23
From developing flow to leading the engineering team who designed Crypto Kitties, Dieter has extensive experience in both L1 and L2 development. Dieter discusses why he feels that sharding is not the best approach for scalability, along with how his experience developing creating crypto kitties molded this mindset. This episode is perfect for anyone interested in learning more about L1 development and games on the blockchain. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.