Bankless

Today on the Pod, we're discussing Why VCs Suck. And who better to answer that question than VCs themselves?

We're joined by Nick Tomaino and Richard Chen of 1Confirmation to discuss the role of VCs in crypto, the outlook on the markets, and how retail should prepare for the next cycle.

------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-1conf ----- 🏹 Airdrop Hunter is launching TOMORROW  https://bankless.cc/HuntersGonnaHunt  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠ 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⁠ 

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  ----- Timestamps

0:00 Intro 6:00 Nick and Richard from 1Conf 7:20 The Price Cycle 11:50 The Signal Cycle 15:55 Tourist vs Purist 20:00 Why Do VCs Suck? 28:15 Raising vs Returning 32:40 How Transparency Shapes Crypto 38:30 VC Report Card 43:45 Holding Retail Accountable 48:30 Advice for Retail 51:15 How to Not Be Exit Liquidity 59:00 Should We End VCs? 1:03:10 How 1Conf Works 1:07:40 Crypto Native VCs 1:12:30 Looking to the Next Cycle 1:17:08 Prediction Markets 1:20:00 Crypto is Ready 1:24:00 Actually Using Crypto 1:28:20 L2s vs Alt L1s

----- Resources

Nick Tomaino https://twitter.com/NTmoney?s=20 

Richard Chen https://twitter.com/richardchen39?s=20 

1confirmation https://www.1confirmation.com/ 

Richard's Article https://showerthoughts.substack.com/p/thoughts-on-the-current-crypto-vc 

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

In this video, we delve into the frontier of longevity and the pursuit of living forever. The discussion of longevity sparks different reactions among people, with some rejecting the idea outright, deeming it unnatural or immoral.

At Zuzalu, two distinct groups emerged—the Health and Wellness tribe, focused on healthy lifestyles, and the longevity tribe, resembling crypto enthusiasts, passionately researching the silver bullet for eternal life.

We explore the two conversations of slowing down aging and accelerating rejuvenation, with a particular focus on the latter. Interviews with Patrick Linden, author of "The Case Against Death," Sergio Ruiz, an epigenetic reprogramming expert, and Michael Greer, founder of the Humanity app, shed light on the socio-cultural reactions, DNA reprogramming, and AI-driven longevity scoring.

While the pursuit of longevity faces regulatory challenges, its potential to eliminate diseases and revolutionize healthcare holds transformative power. The quest for extended health spans offers tremendous benefits for humanity's future.

------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

------ TIMESTAMPS:

0:00 Intro 1:30 Wellness vs Longevity

7:00 PATRICK LINDEN 9:30 The Pursuit of Immortality 12:30 We Want Choice 16:30 How Long Would You Live? 23:20 Now is the Time 27:00 Health is Longevity 33:30 Increasing Healthspan 36:30 The Case Against Death 41:40 How to Not Die

46:00 SERGIO RUIZ 48:45 Healthspan and Lifespan 52:50 Longevity Research 57:45 Epigenetic Reprogramming 1:05:30 Feeling Young 1:09:30 Longevity Escape Velocity 1:14:30 Challenges and Obstacles 1:18:30 The Economic Case

1:28:00 MICHAEL GEER 1:31:50 A Billion Years of Health 1:38:45 Utilizing Technology 1:43:45 Using AI for Health 1:46:15 Good Metrics to Track 1:52:00 Defining Health 1:55:00 The Humanity App 2:01:30 More Users, More Wearables 2:08:45 Get Healthier

------ RESOURCES:

Patrick Linden https://twitter.com/DrPatrickLinden?s=20 

Sergio Ruiz https://twitter.com/Sergio_A_Ruiz?s=20 

Michael Geer https://twitter.com/Geeria?s=20 

The Case Against Death https://mitpress.mit.edu/9780262543163/the-case-against-death/ 

VitaDAO https://www.vitadao.com/ 

Animal Free Precision Medicine https://www.afpm.bio/ 

Humanity App https://www.humanity.health/ 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Bankless Weekly Rollup Second Week of August, 2023

------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask  

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

------ TIMESTAMPS

0:00 Intro 2:37 MARKETS 4:07 Layer 2 TVL https://l2beat.com/scaling/summary  15:42 DAI Savings Rate https://twitter.com/RuneKek/status/1688235137178509312?s=20  19:26 Coinbase Q2 Earnings https://twitter.com/ramahluwalia/status/1687268549797019648?s=20  24:28 Paypal Launches Stablecoin https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8  https://twitter.com/0xCygaar/status/1688592430315036672?s=20  https://twitter.com/sassal0x/status/1688716600294383616?s=20  https://twitter.com/RyanSAdams/status/1688586469370216450?s=20  34:32 Base Kicks off Onchain Summer! https://twitter.com/BuildOnBase/status/1689321221715017728  https://www.geckoterminal.com/dex-rankings  https://l2beat.com/scaling/projects/base  https://dune.com/tk-research/base  40:31 Vitalik and Jesse At Permissionless https://twitter.com/Permissionless/status/1687130264089042945?s=20  42:25 Arbitrum Releases BOLD https://twitter.com/offchainlabs/status/1687137574052143116?s=46  https://twitter.com/terencechain/status/1689025407499345920?s=20  https://www.youtube.com/live/4yzPYr5HRfU?feature=share  47:31 Polygon Vs zKSync https://mirror.xyz/0x70DF15b0208eFCeFaA541Da9A0ED6C4A884554Fc/gNi8coqXjd1ybFsQBAG7QARUkPHZECu7ihIRkpiVx2Y  https://twitter.com/gluk64/status/1687263207860166656?s=20  49:31 Is Curve Gonna Make it? https://etherscan.io/address/0x9e2b6378ee8ad2a4a95fe481d63caba8fb0ebbf9  https://etherscan.io/tx/0x23c4799784c91023204bd68a94ec7a963486f2485dc43c13d8b804d5301b8041  https://twitter.com/CurveFinance/status/1688221472815284224?s=20  https://twitter.com/lookonchain/status/1687294816890347520  54:28 Fantom Becoming a Layer 2?  https://www.theblock.co/post/243220/fantom-optimistic-rollups-ethereum  56:11 Hacker Hotline https://twitter.com/samczsun/status/1688613385565528064  58:03 NFT Stuff https://twitter.com/sandeepnailwal/status/1689187495190069250?s=20  1:00:49 Is Biden a Bitcoin Maxi? https://twitter.com/joebiden/status/1687120734793986048?s=46  1:01:46 Huobi Insolvency https://twitter.com/WuBlockchain/status/1687764670340591618  1:02:45 Gary Pivots to AI https://www.bloomberg.com/news/articles/2023-08-03/sec-chairman-gary-gensler-discusses-the-risks-to-finance-in-ai  1:03:59 This is Just Weird... https://www.cnbc.com/2023/07/21/ftx-lobbyist-tried-to-buy-island-nauru-create-superspecies-lawsuit.html  1:05:06 Wallets 2.0 https://twitter.com/goldfinch_fi/status/1688961804515647488  1:08:05 Turnkey https://twitter.com/turnkeyhq/status/1688910588246933509  1:08:35 RAISES https://medium.com/@puffer.fi/a-push-for-decentralization-puffer-finance-raises-5-5m-to-redefine-liquid-eth-staking-936a61b750f7  1:12:57 Questions From The Nation  https://discord.com/channels/615592155481767941/1058053004705669211/1138316265962876988  1:15:50 Takes Of The Week https://twitter.com/davidfbailey/status/1689051629146767360?s=46  https://twitter.com/dankrad/status/1689634128101310464?s=20  https://twitter.com/TrustlessState/status/1687448061860003840?s=20  https://twitter.com/TrustlessState/status/1687609256269230080?s=20  1:21:43 What Are We Bullish On? 1:25:53 Meme Of The Week https://twitter.com/divine_economy/status/1689650898975481856?s=20  1:26:39 Disclosures ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠

Bankless hasn’t had the most coverage of Solana, the network, and SOL, the asset, but in this episode that changes. Our guest, Austin Federa is Head of Strategy at the Solana Foundation and is the host of the Validated podcast. 

David was recently a guest on Austin’s podcast where they went back and forth on some of the cultural and philosophical differences between the Solana and Ethereum projects. Today is a continuation of that episode. 

Despite some differences in community perspectives, Austin brings a fresh perspective on the design philosophy that relates Solana the network to SOL the asset and so much more.  

----- 🏹 Airdrop Hunter is coming soon! Become a Citizen for full access:  https://bankless.cc/HuntersGonnaHunt 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

----- TIMESTAMPS

0:00 Intro 6:50 Programmable SOL Values 8:10 SOL’s Story Arc 12:25 SOL’s Architecture & Utility  17:30 SOL’s Economic Sustainability Model   19:20 SOL’s Triple Point Asset Thesis 25:15 Solana’s LSDs  28:48 Solana’s MEV Philosophy  33:56 End Game of Solana MEV 40:00 Ethereum vs. Solana 50:00 Market Cap, Values, & Layers Debate 1:00:15 Closing & Disclaimers  

----- RESOURCES

Austin Federa https://twitter.com/Austin_Federa 

157 - Will Solana Make It with Anatoly Yakovenko https://youtu.be/zlx64JjXlgQ  

Solana is Launching a Phone? | Co-Founders Anatoly & Raj https://youtube.com/live/9wfNeVTtBz0  

The Philosophy of Ethereum According to Bankless' David Hoffman https://solana.com/validated/episodes/the-philosophy-of-ethereum-according-to-bankless-david-hoffman  

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

What did the Arbitrum L2 just unlock with its BOLD release? What stage of L2 is Arbitrum in? What is next for decentralizing the Arbitrum stack? We brought on Ed Felten and Raul Jordan to help answer these questions and much more. 

Ed Felten is a Co-Founder of OffChain Labs, the organization that created Arbiturm.  Raul Jordan is one of the Co-Founders of Prysmatic Labs, the Ethereum consensus client which not too long ago got acquired by Offchain Labs. 

----- 🏹 Airdrop Hunter is coming soon! Become a Citizen for full access:  https://bankless.cc/HuntersGonnaHunt 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

----- TIMESTAMPS

0:00 Intro 7:30 What is BOLD? 9:20 Are L2s Decentralized? 19:30 BOLD Timeline 23:40 What Does BOLD Solve? 27:15 How Does BOLD Work?  31:35 Why Use BOLD? 38:00 Shared Sequencing  42:30 Why Was BOLD Hard to Build? 48:50 Will BOLD Be Open-Source? 50:00 Are L2s Secure? 52:30 Staking $ARB 1:00:20 Arbitrum's New Tech  1:03:50 Ethereum's Overarching Roadmap 1:06:30 Closing & Disclaimers

----- RESOURCES

BOLD, Permissionless Validation for Arbitrum Chains https://offchain.medium.com/bold-permissionless-validation-for-arbitrum-chains-9934eb5328cc 

Ed Felten https://twitter.com/EdFelten 

Raul Jordan https://twitter.com/rauljordaneth 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:  https://www.bankless.com/disclosures⁠ 

Lido has over 30% ETH staked. Should we be alarmed? Joining us is Hasu to shed some light on this question.

In this wide ranging interview we discuss the State of Staking, the state of Lido, Idealist vs Pragmatics and asking the question - is Lido's reputation unfair?

------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-hasu ----- 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless  ------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask  

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  ----- TIMESTAMPS

0:00 Intro 4:34 Is Lido's Perception Unfair? 9:08 Is Lido Too Big To Fail? 15:57 What Can An Entity Do With 33%? 21:27 TLDR Recap and Overview 24:11 When Does Lido Risk Become Systemic 32:54 Lido Is Not One Entity 36:40 Node Operators vs DAO 41:19 LDO Governance 49:39 Is Lido Forkable? 52:37 The Path To 5,000 Operators 58:46 Distributed Validator Technololgy 1:08:16 Addressing The Critics 1:17:31 The Staking Social Layer 1:24:40 Is Lido Treated Unfairly? 1:26:47 Can We Keep Ethereum Decentralized? 1:30:07 Risks and Disclaimers ----- Resources

Hasu on Twitter: https://twitter.com/hasufl  Uncommon Core v2: https://www.ucc2.xyz/  Hasu last on Bankless: https://youtu.be/1qqkoGatPdE 

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Bankless Weekly Rollup First Week of August, 2023

------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

------ TIMESTAMPS

0:00 Intro 3:40 MARKETS 5:45 25m ETH Staked https://twitter.com/ultrasoundmoney/status/1686670146427813888  6:40 US Debt Crisis https://twitter.com/stackhodler/status/1686276924773982208  https://www.cnbc.com/2023/08/01/fitch-downgrades-us-long-term-ratings-to-aa-from-aaa.html  https://twitter.com/LukeGromen/status/1686516760680214528  https://www.linkedin.com/pulse/whats-happening-economy-great-wealth-transfer-ray-dalio/  16:10 Tether T-Bills https://twitter.com/paoloardoino/status/1685993811774738432  https://twitter.com/collins_belton/status/1686084175697211392?s=20 

20:00 Curve Exploit https://twitter.com/CurveFinance/status/1685693202722848768  https://twitter.com/BanklessHQ/status/1685829565158162432  https://twitter.com/BanklessHQ/status/1685829579334938624?s=20  https://twitter.com/autismcapital/status/1686251750632853504  https://twitter.com/DefiIgnas/status/1686323974563909632?s=20  https://twitter.com/MilkRoadDaily/status/1686422244594012179?s=20  Learn More: https://twitter.com/BanklessHQ/status/1686190496019017730?s=20  https://www.youtube.com/live/I1bVLQdUkMw 

24:20 BASE Mainnet Launch https://twitter.com/coinbase/status/1687087044579966976  https://twitter.com/MacnBTC/status/1685589663963078656?s=20  https://pbs.twimg.com/media/F2XvGTsXwAAm9SW  https://twitter.com/notEezzy/status/1685994199819190272?s=20  29:00 SBF Conspiracy Theory https://twitter.com/hype_eth/status/1686126115947941890  https://twitter.com/ryansadams/status/1686148330139639808  https://twitter.com/FrankResearcher/status/1686184372485976065?s=20  32:00 Passing Arbitrum  https://twitter.com/TheDeFinvestor/status/1685962819051675648  https://twitter.com/westiecapital/status/1686417439372812288  https://twitter.com/sassal0x/status/1686194472689000448 

34:55 SEC Sues Richard Heart https://twitter.com/SECGov/status/1686042971190272000?s=20  https://www.sec.gov/news/press-release/2023-143  https://imgur.com/saLUKNd https://twitter.com/TrustlessState/status/1686687165575520256?s=20  https://twitter.com/ercwl/status/1686491323908452353?s=20  37:20 Uniswap Delisting HEX? https://coinmarketcap.com/headlines/news/uniswap-delists-hex-token/ 

45:00 3AC No Longer US Citizens https://www.theblock.co/post/242675/3ac-co-founder-says-us-court-can-no-longer-tell-him-what-to-do  46:30 Justice…? https://twitter.com/TrustlessState/status/1687086457075236864?s=20  48:20 Richard Heart Documentary https://twitter.com/ercwl/status/1686491323908452353?s=20 

51:15 Binance vs DOJ https://www.semafor.com/article/08/02/2023/us-prosecutors-worry-binance-charges-could-cause-run-on-exchange  https://twitter.com/cz_binance/status/1686757050464813056?s=20  https://twitter.com/NoelleInMadrid/status/1686808699904344082  54:24 Ethereum’s Birthday and Futures https://twitter.com/LefterisJP/status/1685577856502382592?s=20  https://twitter.com/RyanSAdams/status/1685672504616968192?s=20  https://twitter.com/EricBalchunas/status/1686510111123030016  https://twitter.com/DegenSpartan/status/1686563092061462528  57:30 EIP1559 https://twitter.com/ultrasoundmoney/status/1686419775868620820  https://dune.com/arixon/mev-burn  59:10 MetaMask Staking MATIC https://twitter.com/metamask/status/1684263257450610697  1:00:55 EIP 6968 https://twitter.com/owocki/status/1683916090831937538  1:03:22 Celo Temp Check https://twitter.com/marek_/status/1685982906655662081?s=20  1:03:50 Worldcoin Contd https://twitter.com/ercwl/status/1684939802083282944?s=46  https://twitter.com/koeppelmann/status/1686318014034026496?s=46  1:06:50 Microstrategy BTC https://twitter.com/stackhodler/status/1686633880051200000  1:07:50 DCG Bankruptcy Agreement https://www.theblock.co/post/242350/dcg-says-its-close-to-reaching-agreement-on-genesis-chapter-11-appoints-new-cfo 

1:10:00 Questions from the Nation

1:16:45 Important to Internalize https://twitter.com/pythianism/status/1684981202275667968  1:19:45 Bull Market Starting https://twitter.com/TrustlessState/status/1686671529768079360?s=20 

1:20:00 What David’s Bullish On 1:25:00 What Ryan’s Bullish On https://twitter.com/ryansadams/status/1686428210991419402 

1:27:15 Vitalik’s Take

1:28:45 MEME of the Week https://twitter.com/pseudotheos/status/1685743250127433728 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Dan Robinson is GP and Head of Research at Paradigm. He, over the years, has done a lot of deep thinking about markets, auctions, and liquidity in DeFi, with a particular focus on Uniswap and Uniswap V3. Recently, Uniswap Labs released UniswapX, a new dutch auction mechanism, that Dan thinks changes the meta for swapping assets in DeFi, MEV, chain interoperability, and much more. 

The last time Dan was on Bankless was September 2020…almost 3 years ago! If you have ever heard Ryan or I say the phrase “Ethereum is a dark forest”...it came from that episode.

------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

------ TIMESTAMPS

0:00 Intro 6:00 Why UniswapX is Needed 11:09 What’s New About UniswapX? 14:00 Intents  16:25 The Magic Behind MEV Reduction  20:00 Order Flow Auctions  26:25 It’s Still Early  33:05 Who Are the Nanobots?  37:42 How Rollups Will Change  42:22 How Bridges Will Change  49:55 UniswapX Complements Uniswap v4 53:30 What Uniswap v4 Do for LPs?  59:15 LPing with Uniswap v4 vs. v3 1:04:11 Uniswap’s App Layer & Yields  1:06:05 Why Be Excited About Suave  1:09:55 Closing & Disclaimers  

------ RESOURCES

Dan Robinson https://twitter.com/danrobinson  https://twitter.com/danrobinson/status/1681061703818305536  

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures ⁠

A special mid-week episode is in order as we discus the string of events that led to one of the largest risks DeFi has faced in a long time. What happened to Curve, what's at risk, and what can we learn from all of this?

*CORRECTION: The address that exploited the CRV/ETH pool controls .082% of the circulating supply, not the 8% accidentally mentioned in this segment. ------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless 

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask  

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  ------ TIMESTAMPS

0:00 Intro 7:23 EVM Exploit Explained 13:21 MEV Bot Sidequest 18:21 CRV Contagion 23:43 CORRECTION: SEE SHOWNOTES* 31:43 The OTC Bailout 35:43 Buying Mansions On Leverage 41:43 Second Order Risks 47:43 Who is to Blame? 53:43 Are we in the Clear? 56:43 Lessons Learned 1:01:43 Risks and Disclaimers ------ RESOURCES

DeFi's Contagion Curveball https://www.bankless.com/defi-contagion-curveball 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

In this episode, we explore the frontier of crypto in Africa and the immense potential for both the continent and the crypto industry. Africa has a unique ability to leapfrog technologies, just as it skipped landlines and embraced cell phones. The dialogue revolves around crypto adoption in Africa and a network state project called Afropolitan, which aims to build an Afro-centric digital nation.

Yoseph Ayele discusses the opportunities that Web3 can provide in terms of financial stability, access, identity services, and credit facilities for Africa. He believes that Africa will be the first to reach a billion Web3 users. Eche Emole shares insights on Afropolitan, highlighting the project's focus on crypto, network states, and the creation of Afro-centric hubs worldwide.

Both guests express unwavering optimism and articulate the transformative power of these developments. This engaging and enjoyable discussion sheds light on Africa's trajectory in the crypto landscape and the potential for uplifting individuals and communities.

------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠ 

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

---- Timestamps

0:00 Intro 1:20 Goosebumps

5:15 YOSEPH AYELE 7:55 Why Africa Needs Crypto 15:15 Bringing Infrastructure 18:40 Stablecoins and Trust 22:20 Global Crypto Culture 28:00 Providing Essential Services 32:30 Adoption in Africa 37:00 Leapfrogging Technology 42:00 Becoming Borderless 47:45 Raising a Fund

53:00 ECHE EMOLE 55:00 Afropolitan 1:00:00 Africa is Primed 1:09:15 The Afropolitan Roadmap 1:15:45 Redrawing the Maps 1:19:30 Diaspora 1:28:45 The Team 1:33:05 Hope for Crypto

------ Resources

Yoseph Ayele https://twitter.com/yosephayele?s=20 

Afropolitan https://twitter.com/afropolitan?s=20 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠