Bankless

Can we go Bankless using PayPal? We brought on Jose Fernandez da Ponte, the Senior Vice President of Blockchain, Crypto, and Digital Currencies at PayPal and Venmo to help us answer that question. Jose is responsible for driving PayPal’s efforts to bring the utility of crypto-assets and crypto-networks to their hundreds of millions of global consumers. 

He also knows a thing or two about how the banking system works and how to fix it. And we also got the SVP of PayPal to say, “DeFi Mullet,” not once, but three times. 

*PayPal currently offers crypto services only in the U.S., U.K., and Luxembourg. Venmo is available in the US only.

------ ✨ DEBRIEF | Unpacking the episode:  https://www.bankless.com/debrief-jose-paypal 

------ 🚀 Unlock $1,000+ in Perks with Bankless Citizenship 🚀 https://bankless.cc/GetThePerks 

------ In today’s episode, we cover: 

1) What PayPal sees in crypto  2) What PayPal’s 400M accounts can do with crypto today  3) How we get to $1T in stablecoins 4) What’s the role of CDBCs in a world of highly successful stablecoins? Can CDBCs and crypto co-exist? 5) Jose’s contrarian view on crypto regulatory environment in the U.S. and why he sees it as a “glass half full”

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  

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

------ TIMESTAMPS:

0:00 Intro 7:55 What a PayPal Dollar Is 11:21 PayPal & Venmo Crypto 16:29 The Crypto Strategy  22:59 DeFi Mullet  27:33 Service Providers  31:24 Is Crypto Useless? 32:30 PayPal’s Crypto Back-End 34:40 How Hard Was PayPal’s Crypto Integration?  36:35 Path to $1T In Stablecoins 40:31 Payments 44:36 Gaming  46:46 Network Integration  49:47 DeFi on PayPal’s Radar?  56:38 What’s Broken About U.S. Banking? 1:01:51 Settlement in the U.S.  1:06:32 Best Digital Cash Society  1:13:10 Stablecoins in the U.S. 1:16:25 Crypto Regulation  1:20:44 Making Crypto More Useable  1:23:30 Closing & Disclaimers

------ RESOURCES:

Jose Fernandez da Ponte https://www.linkedin.com/in/jose-fernandez-da-ponte-a46ba81/ 

Payments and Evolution of Stablecoins Paper https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4425922 

------ 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 

Bankless Weekly Rollup 2nd Week of June 2023 

------ 🚀 AIRDROP ALPHA 🚀 https://bankless.cc/Alpha 

------ 🚀 Asymetrix Go to https://bankless.cc/asymetrix  ------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  

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

------ Topics Covered

1:09 MARKETS

6:29 Are we at a Local High?

9:25 Ethereum Validator Queue

12:52 CEX Volume Stats https://www.theblock.co/data/crypto-markets/spot/usd-support-exchange-volume-market-share  

17:23 Gary Gensler on CNBC https://youtu.be/VKxXdUvMqAc?t=277 

19:28 SEC Sues Binance US https://www.sec.gov/news/press-release/2023-101  https://www.sec.gov/news/press-release/2023-103  https://www.cnbc.com/2023/06/07/binance-lawyers-say-sec-chair-gensler-offered-to-be-advisor-in-2019.html 

26:13 SEC Sues Coinbase https://www.sec.gov/news/press-release/2023-102  https://twitter.com/MikeSeligEsq/status/1666063676145819648?s=20 

31:34 Can Gary Get Away With This?

33:51 Cypherpunks Take https://twitter.com/udiWertheimer/status/1666077587792166914?s=20  https://twitter.com/jack/status/1666078896327122946?s=20 

38:39 Optimism Bedrock! https://twitter.com/optimismFND/status/1666155844776361985?s=20  https://twitter.com/jessepollak/status/1664349169073414147 

41:47 Arbitrum Ran Out Of Gas https://www.dlnews.com/articles/defi/arbitrum-came-to-a-halt-as-its-sequencer-ran-out-of-gas/ 

43:42 ETH Validator Proposal https://ethresear.ch/t/increase-the-max-effective-balance-a-modest-proposal/15801 

49:22 ENS Upgrades https://twitter.com/nicksdjohnson/status/1666368619876327424  https://www.my.box/

51:29 Rocketpool on zkSync Era https://twitter.com/Rocket_Pool/status/1664276628468547587 

52:58 Pooltogether Case Dismissed https://twitter.com/lay2000lbs/status/1666532463428943875?s=20 

56:12 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1114707321000562738  https://discord.com/channels/615592155481767941/1058053004705669211/1115619057593495552 

1:03:12 Takes Of The Week https://twitter.com/zmanian/status/1658152508571697152?s=46  https://twitter.com/dankrad/status/1664958413829185536?s=46  https://twitter.com/FEhrsam/status/1665796974346420224?s=20  https://twitter.com/qaatani9/status/1664292528655413250?s=20 

1:10:28 What Are We Bullish On?

1:14:05 Get More Of Anthony

1:15:29 Meme Of The Week https://twitter.com/pseudotheos/status/1665730241845944331?s=46 

1:16:15 Risks And Disclaimers

---- 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 

Joining us today are the best in the biz Chervinsky & Amanda Tuminelli who are here to answer all our questions about the SEC and it's assault on the crypto industry as a whole.  ------ 📣 ASYMETRIX | STAKE stETH NOW https://bankless.cc/asymetrix-pod 

------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha  

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask 

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable 

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

------ CHAPTERS 0:00 Intro 6:05 Who are Jake and Amanda? 8:08 Breaking Down This Historical Moment 11:19 The SEC Never Wanted Crypto To Win 14:56 Why Is Gary So Confident? 18:43 David's Conspiracy Theory 23:52 What if Gary Actually Wins? 31:07 Clarity From The Court Date? 35:01 Does Gary Just Want the Fame? 36:49 Why The SEC Rejects Public Process 38:34 Is This Un-Constitutional? 44:06 Jake's Optimistic Take 48:14 The Digital Asset Bill 52:44 How YOU Can Take Action ----- 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 

Today we're joined by Ryan Selkis, the Founder and CEO of Messari and an outspoken political advocate for the crypto industry. We explore the current state of Crypto Regulation and how Ryan plans to fight in Washington with the Digital Freedom Alliance.

------ 📣 ASYMETRIX PROTOCOL https://bankless.cc/asymetrix 

------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha   

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  

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

------ Topics Covered

0:00 Intro 9:34 Does Washington Want to Kill Crypto? 15:45 How the US Affects Global Regulation 27:54 Ryan Selkis Proposal 43:10 What we can learn from SBF 51:20 The Digital Freedom Alliance 59:08 Why we have to Play Politics 1:03:49 What’s Next 1:08:00 Closing and Disclaimers

----- Resources:

Ryan Selkis https://twitter.com/twobitidiot  

Join the Digital Freedom Alliance https://joindfa.org/ 

----- 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 

The SEC is showing all of its cards. Gary Gensler doesn't want the crypto industry to exist at all. After yesterday's Binance suit, the SEC is going after Coinbase too.

We brought on Coinbases's Legal Officer, Paul Grewal to hear how Coinbase plans to fight, how you, Bankless listener, can join the fight, and what's next for the crypto industry. Should we be optimistic? 

------ 📣 ASYMETRIX | STAKE stETH NOW https://bankless.cc/asymetrix-pod 

------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha  

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask 

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable 

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

------ Timestamps:

0:00 Intro 3:09 Coinbase Sued 4:42 Timing  6:50 What Does the SEC Want? 9:08 Gary's Confidence  10:38 SEC's Token/Security Choices  12:34 Will Coinbase Delist Tokens? 14:35 Freezing Coinbase Assets?  15:26 Next Steps 17:05 Future Court Case 18:20 What to be Optimistic About? 19:52 How to Join the Fight 21:02 Closing & Disclaimers 21:45 Coinbase Video https://twitter.com/coinbase/status/1666135834062467083?s=20 

------ Resources:

Coinbase Sued https://twitter.com/BanklessHQ/status/1666061613357584384?s=20 

Crypto435 https://www.coinbase.com/public-policy/advocacy/crypto435 

----- 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 

Today Gary Gensler and the SEC officially filed lawsuits against crypto exchanges Binance and Coinbase. We break it all down and share some hot takes on what this means for the crypto industry as a whole.

------ 📣 ASYMETRIX | STAKE stETH NOW https://bankless.cc/asymetrix-pod 

------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha  

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask 

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ------ CHAPTERS 0:40 Is This Lawsuit a Surprise? 2:35 Is This Lawsuit a Suprise? 8:41 An Attack On Crypto 12:05 The 4 Big Questions 17:06 Gary's Public Statements 22:20 SEC Charges Overview 27:47 Analysis on Coinbase 30:31 Brian Armstrong's Take 32:58 The Case Against Binance 38:08 David's Take on All of This 43:38 What "Securities" Are Effected? 48:41 News Price Impact 53:35 Where Does Solana Stand? 57:39 Is ETH The Next Target? 1:02:17 Does Anybody Actually Want This? 1:05:15 Twitter Takes 1:09:08 Gary's Icarus Moment? 1:11:10 Closing Thoughts

------ Resources:

Binance Sued https://twitter.com/BanklessHQ/status/1665744014081941506?s=20 

----- 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 

Is re-staking the biggest thing to happen to Ethereum since MEV? 

We’re joined by Sreeram Kannan who walks us through Eigenlayer. The re-staking protocol that is set to change the trajectory of Ethereum forever. It may even be launching pretty soon…

------ ✨ DEBRIEF | Unpacking the episode:  https://www.bankless.com/debrief-sreeram-kannan 

------ 🪂Airdrop Alpha is waiting for you on Bankless 🪂 https://www.bankless.com/the-ultimate-guide-to-airdrops?utm_source=YouTubeRSS&utm_medium=Info&utm_campaign=Airdrop_Alpha  

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  

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

------ Topics Covered

0:00 Intro 7:51 How Big Is Restaking? 9:41 What is Restaking? 16:22 What Was The Aha Moment? 21:32 Restaking Explained (Simply) 25:11 Where Does Eigenlayer Live? 29:40 Slashing on Eigenlayer 42:20 Risks of Restaking 57:23 Restaking Networks 1:05:27 Designing Modular Trust 1:07:43 Eigen DA 1:10:35 The 3 Aspects Of Trust 1:14:18 Tokens On Eigenlayer 1:17:54 Why Start a Network on Eigenlayer? 1:24:22 2 Uses Of Economic Security 1:26:06 Eigenlayer Alignment 1:30:42 Restaking Risk Management 1:36:19 Takes on Vitalik's Post 1:46:55 When is Mainnet Launch? 1:49:59 How Will Restaking Change The World? 1:56:59 Outro

——— Resources:

Sreeram Kannan: https://twitter.com/sreeramkannan 

Vitalik’s Article ‘Don’t Overload’: https://vitalik.ca/general/2023/05/21/dont_overload.html 

Sapiens by Yuval Harari: https://www.amazon.com/Sapiens-Humankind-Yuval-Noah-Harari/dp/0062316095 

------ Related Episodes:

MEV: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa196eHJidEhiMUdla1Q5Y0FpWklJTVFkWXVfQXxBQ3Jtc0tuSGtubk1QcFpIS2lfeHdjQzJRY3dmbUFDdHpNNDRISlJfZ1F6MWh2SGM4X2JTWk1RbnVPb1dZVy1sRFF2WDNlNXFPQlFZN3dCRnJ3XzFyelp0WmxMTGtuSWh0eXhhejhuTTJCaVBDYnh6b042d2s1NA&q=https%3A%2F%2Fwww.bankless.com%2F-cryptos-existential-threat-mev-panel&v=nb7x7n8Ga3U

https://www.bankless.com/125-matt-cutler 

---- 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 

Bankless Weekly Rollup 1st Week of June 2023 

------ 🚀 AIRDROP ALPHA 🚀 https://bankless.cc/Alpha

------ 🚀 Asymetrix Go to https://bankless.cc/asymetrix

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  

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

------ Topics Covered

0:00 Intro

3:30 MARKETS 7:49 ETH Staking https://twitter.com/hildobby_/status/1663960826225491996?s=20 

10:25 CEX Balances 5 Year Low https://decrypt.co/142507/ethereum-bitcoin-balances-exchanges-edges-5-year-lows 

12:25 State of NFTs https://twitter.com/cyounessi1/status/1663617804812136450?s=20 

17:29 China Bullish On Crypto https://www.theblock.co/post/232404/beijing-web3-white-paper 

23:03 Celsius Has A Deal https://www.coindesk.com/policy/2023/05/25/fahrenheit-wins-bid-to-acquire-assets-of-insolvent-crypto-lender-celsius/ 

28:16 Worst Crypto Winter? https://twitter.com/icebergy_/status/1663693201620758528  https://twitter.com/RyanSAdams/status/1663973894645075969?s=20 

36:00 SMALL NEWS

36:26 Bullish On Blend https://dappradar.com/blog/blur-dominates-82-of-the-nft-lending-market 

37:50 Coinbase Gas Free Transfers https://twitter.com/CoinbaseWallet/status/1663680306329821184 

39:47 MoonPay Took $150M? https://twitter.com/web3isgreat/status/1663664708409339904?s=20 

41:21 Paradigm Enters AI https://www.theblock.co/post/232247/crypto-vc-paradigm-ai 

44:00 Binance Layoffs https://www.theblock.co/post/232696/binance-layoffs-cuts-jobs 

45:50 Worldcoin Raises $115M https://blockchain.capital/worldcoin-proof-of-personhood-world-id-and-the-future-of-crypto-onboarding/ 

50:07 Magic Raises $52M https://magic.link/ 

52:54 Questions From The Nation Join Our Discord - https://discord.gg/zMVU2bBrcz 

1:06:10 Takes Of The Week https://twitter.com/VentureCoinist/status/1662514641233166337?s=20 

1:15:10 What Are You Bullish On? https://twitter.com/TrustlessState/status/1663680140117680129?s=20 

1:21:48 Risks & Disclaimers

---- 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 

We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future.

------

📣 CONSENSYS | DILIGENCE FUZZING

https://bankless.cc/diligence-fuzzing-pod

------

🚀 Airdrop Alpha is waiting for you on Bankless.com

https://bankless.cc/Alpha 

------

BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2 

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE

https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM

https://bankless.cc/Arbitrum 

👾STADER LABS | ETHX LIQUID STAKING

https://bankless.cc/Stader 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/Toku 

🎮IMMUTABLE | GAMING ECOSYSTEM

https://bankless.cc/Immutable 

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

------

Topics Covered

0:00 Intro

3:34 Let's Talk About DeFi

8:09 Intro To Dan

10:51 What About DeFi is Broken?

15:05 Why is DeFi Vulnerable?

17:23 What is an Oracle?

20:12 What if Chainlink Goes Down?

27:08 What Does it Mean To Be DeFi?

33:17 What Apps Are Actually Decentralized?

41:15 How Dependancy Free Apps Emerge

45:36 Solving the Liquidity Issue

47:57 Bring Your Own Oracle

54:36 Is Orcale Free The Future?

59:35 Closing and Disclaimers

———

Resources:

Dan Elitzer

https://twitter.com/delitzer 

Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols

https://www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocols 

Some of Dan’s favorites:

Panoptic - https://twitter.com/Panoptic_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor 

Timeless - https://twitter.com/Timeless_Fi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor 

Blend by Blur - https://twitter.com/blur_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor 

-----

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 

We welcome back Founder and CEO of Binance, CZ for his second appearance on Bankless. Last time CZ was on, Terra Luna hadn’t collapsed yet and FTX was still competing with Binance. A lot has changed. 

In today’s episode, we cover it all. Here were some of the questions we discussed: 1) How can we tell what’s real vs. FUD with Binance? 2) What Happened with FTX from CZ’s perspective?  3) The difference between the current bear market vs. previous ones 4) Community questions from Justin Drake & Degen Spartan

------ ✨ DEBRIEF | Unpacking the episode:  https://www.bankless.com/debrief-cz 

------ 🪂Airdrop Alpha is waiting for you on Bankless 🪂 https://bankless.cc/AirdropAlphaIsOnBankless 

------ BANKLESS SPONSOR TOOLS: 

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

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  

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

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

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

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  

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

------ TIMESTAMPS: 

0:00 Intro 6:54 How’s CZ 2023? 8:35 Why is Binance a FUD Magnet?  10:52 FTX & Ledger 16:57 Binance Transparency 26:40 Current Mood of Crypto 29:35 Another Cycle?  30:58 Binance’s Bear Market Strategy  36:44 Crypto’s Biggest Opportunity  39:48 Why Crypto Is Good for the World 42:06 The Exchange Wars 48:49 Best Regulation Jurisdictions  51:48 Justin Drake Question 54:00 Will Binance Buy a Bank? 56:30 BNB Chain Rollup on Ethereum? 59:13 CZ’s Thoughts on Twitter Post-Elon 1:00:36 CZ’s Bear Market Advice 1:04:46 Closing & Disclaimers 

------ RESOURCES:

CZ https://twitter.com/cz_binance 

CZ’s 1st Bankless Appearance https://www.youtube.com/watch?v=lldGpGsUcWw&ab_channel=Bankless  

----- 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