Web3 with Sam Kamani

204: Building the First Regulated EVM Chain: Dima and Vytautas Discuss Zekret and DeFi Compliance


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In this episode of Web3 with Sam Kamani, I interview Dima and Vytautas, co-creators and CTO and CEO of Zekret, the first privacy-preserving EVM chain built with regulatory compliance at its core.

We discuss:

  • How Zekret is designed for the upcoming MiCA regulations in Europe.

  • The challenges of balancing decentralization, privacy, and compliance in DeFi.

  • Why meme coin creators, market makers, and DeFi projects need to rethink their strategies.

  • Zekret’s roadmap, node structure, and plans to onboard existing DeFi communities.

  • If you’re building or investing in DeFi, this episode is packed with insights on navigating regulation, ensuring compliance, and preserving the essence of Web3.


    Key Timestamps

    [00:00:00] Introduction: Sam introduces Dima and Vytautas, co-founders of Zekret, and the focus on regulation in DeFi.

    [00:01:00] What is Zekret? A privacy-preserving, EVM-compatible chain built for regulatory compliance.

    [00:02:00] Founders’ Background: Dima’s journey as a software engineer and Vytautas’ experience in cryptography and blockchain advocacy.

    [00:03:00] Current Stage: Zekret is launching its testnet in Q1 2024 and mainnet in May 2024.

    [00:04:00] Why Regulation Matters:

    • MiCA regulations in Europe and their global implications.

    • How Zekret ensures compliance for projects and users.

    • [00:06:00] Impact on Meme Coins and Market Makers:

      • The shift from unregulated to responsible token launches.

      • Challenges for market makers under stricter rules.

      • [00:08:00] Zekret’s Approach:

        • EVM compatibility for seamless adoption.

        • Focus on onboarding entire DeFi communities to Zekret’s ecosystem.

        • [00:10:00] Roadmap and Challenges:

          • Building secure node infrastructure and launching testnets.

          • Attracting early adopters and ensuring a smooth go-to-market strategy.

          • [00:12:00] Foundation Structure:

            • Plans to set up a decentralized foundation for ecosystem growth.

            • Regional incentives to promote crypto adoption and development.

            • [00:14:00] The Future of DeFi under MiCA:

              • How regulations will reshape market making and token launches.

              • Why compliant infrastructure like Zekret is essential for survival.

              • [00:18:00] The Ask: Partnerships with DeFi and gaming communities, and collaboration with regulators to shape the future of Web3.


                Connect

                https://www.zekret.xyz/

                https://x.com/ZekretProtocol

                https://www.linkedin.com/in/ministras/

                https://x.com/vytautaskaseta


                Disclaimer

                Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.
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                Web3 with Sam KamaniBy Sam Kamani