Bell Curve

In this episode, Michael and Mippo discuss DeepSeek’s impact on the markets, the crypto x AI narrative, and the dispersion of returns in this cycle. They also discuss DEX market share growth, and the launch of the JellyJelly token. Finally, they end the episode by giving their thoughts on Jerome Powell’s recent comments, and how banks are positioned to give loans against crypto.

Thanks for tuning in!

--

Resources

Vance on “Startup Tokens”: https://x.com/pythianism/status/1884810399750484184?s=46&t=Bicxk0ccRPkhOv9SfacvBQ

--

Aries Markets is the largest lending protocol on Aptos by TVL, and among the top 10 lending protocols across all blockchains! Since launch, Aries has expanded its product suite to become a fully integrated DeFi hub combining lending, borrowing, and more to its community of 738,000+ unique users. 

To learn more about why Aries Markets deployed on Aptos, visit ariesmarkets.xyz

--

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations. 

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

This episode was sponsored by Aave! Access the full power of DeFi today: https://aave.com/

--

Join us at DAS NYC 2025!  Use code BELL10 for a 10% discount: https://blockworks.co/event/digital-asset-summit-2025-new-york

--

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(2:37) The Deepseek Situation

(11:21) Winning the AI Race

(16:02) Ads (Aptos and Marinade)

(16:31) The Crypto x AI Narrative

(28:22) Dispersion of Returns

(36:55) Ads (Aptos and Marinade)

(37:54) DEX Market Share Growth

(44:02) The JellyJelly Launch

(53:25) Uniswap Ad

(54:16) Powell's Comments & Enabling Crypto Payments

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Guy Young and Sam MacPherson joined us to discuss the sources of yield in DeFi! We covered the current yield sources today, how these change across cycles, and the growth of RWAs. Additionally, we unpacked the stablecoin market today, the market share of yield-bearing stablecoins, and the relationship between Ethena and Spark. Finally, we discussed American DeFi, and Ethena’s roadmap.

Thanks for tuning in!

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

Morpho is a permissionless lending platform that allows anyone to earn yield and borrow assets on your terms.

Its flexible, trustless infrastructure also empowers developers and businesses to build and tailor their own financial products.

Whether you're an individual, fund, fintech, or institution, Morpho is for you.

Try Morpho today: https://app.morpho.org/?network=mainnet&spdl=99nsk9

--

Join us at DAS NYC 2025!  Use code BELL10 for a 10% discount: https://blockworks.co/event/digital-asset-summit-2025-new-york

--

Follow Spark: https://x.com/sparkdotfi

Follow Ethena: https://x.com/ethena_labs

Follow Sam: https://x.com/hexonaut

Follow Guy: https://x.com/leptokurtic_ 

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(1:16) Yield Sources in DeFi

(8:18) How Will Yield Sources Change Across Cycles?

(11:20) Ledger Ad

(11:38) Yield Indicators

(13:56) RWA Growth

(20:24) The Ethena x Spark Relationship

(30:33) Ledger Ad

(31:08) The Stablecoin Market

(41:01) Yield-Bearing Stablecoin Market Share

(48:19) Ads (Uniswap and Morpho)

(49:42) American DeFi

(53:26) The Trump Memecoin

(54:59) Ethena's Roadmap

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

This week's roundup covers Trump token phenomenon and its implications for blockchain infrastructure, including analysis of Solana's performance under stress and its competition with Ethereum's rollup ecosystem. We then explore Ethereum Foundation's cultural challenges and potential reforms, including the possibility of a second foundation. To close out we examine new Layer 1 developments emerging from the Solana ecosystem and debate the future of blockchain architecture.

--

Aries Markets is the largest lending protocol on Aptos by TVL, and among the top 10 lending protocols across all blockchains! Since launch, Aries has expanded its product suite to become a fully integrated DeFi hub combining lending, borrowing, and more to its community of 738,000+ unique users. 

To learn more about why Aries Markets deployed on Aptos, visit ariesmarkets.xyz

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

Join us at DAS NYC 2025!  Use code BELL10 for a 10% discount: https://blockworks.co/event/digital-asset-summit-2025-new-york

--

Follow Jill: https://x.com/jillrgunter

Follow Nick: https://x.com/nickwh8te

Follow Uma: https://x.com/pumatheuma

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(3:06) Trump & Melania Token Launch

(13:11) Aptos Ad

(13:25) Solana's Performance

(23:36) How People Onboard in Crypto

(30:51) Aptos Ad

(31:23) Native Rollups

(46:39) Ethereum's Privatization

(58:08) Ethereum's Leadership

(1:07:19) Uniswap Ad

(1:08:13) Konstantin's Ethereum Foundation

(1:14:08) Fire Dancer Forks

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Jim Parillo from Figment Capital, and Myles O’Neil from Delta, joined us to discuss positioning your product for success in crypto. We dive into the relative valuation game, the impact of token economics, and incentivization of users. Additionally, we unpack the phases of growth seen along the way, and identifying your users at each phase. Finally, we reflect on lessons learned from the founders that paved the way.

Thanks for tuning in!

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

Earn, borrow, and build on your terms using Morpho! Morpho is a permissionless lending platform that allows anyone to earn yield and borrow assets with better rates. Its flexible, trustless infrastructure also empowers developers and businesses to build and tailor their own financial products. Whether you’re an individual, fund, fintech, or institution, Morpho is for you. 

Get started today: https://app.morpho.org/?network=mainnet&spdl=99nsk9

--

Follow Jim: https://x.com/VelvetMilkman

Follow Myles: https://x.com/MylesOneil

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(3:29) Positioning For Success in Crypto

(7:59) The Relative Valuation Game

(15:27) The Impact of Token Economics

(30:31) Ledger Ad

(31:06) Uniswap Ad

(31:59) Morpho Ad

(33:08) Incentivizing Users

(40:20) Identifying Your User and Phases of Growth

(55:05) Mercenary vs Missionary Founders

(1:02:09) Lessons Learned From Past Founders

(1:17:13) The Future of L1s

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we discuss Trumps’ “Crypto Ball”, the Bitcoin strategic reserve, and inflation fears. We also cover the idea of four year cycles in crypto, and why they might not continue. Additionally, we unpack Berachain’s “Proof of Liquidity” mechanism. Finally, we close the episode with discussion on Ethereum’s staking decline.

Thanks for tuning in!

--

Resources

Joseph Wang on Tariffs: https://x.com/FedGuy12/status/1873754052573753394

The PoL Post: https://blog.berachain.com/blog/the-pol-post

Ethereum’s Staking Decline: https://x.com/marcarjoon/status/1879524263025311861

--

Aries Markets is the largest lending protocol on Aptos by TVL, and among the top 10 lending protocols across all blockchains! Since launch, Aries has expanded its product suite to become a fully integrated DeFi hub combining lending, borrowing, and more to its community of 738,000+ unique users. 

To learn more about why Aries Markets deployed on Aptos, visit ariesmarkets.xyz

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

This episode was sponsored by Aave! Access the full power of DeFi today: https://aave.com/

--

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(3:28) Trump's Crypto Ball and the Bitcoin Strategic Reserve

(10:48) Inflation Fears Coming Back

(28:35) Aries Markets Ad

(29:07) Uniswap Ad

(30:00) Crypto's Four Year Cycles

(41:04) Berachain's Community Edge

(47:46) The Proof of Liquidity Mechanism

(51:41) Ecosystem Wealth Effects

(58:23) Ethereum's Staking Decline

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Felipe from Theia to discuss his recent thesis piece, “Internet Finance”. We cover his thoughts on global property rights, and how crypto rails can truly make capital a globally competitive market. Additionally, we discuss fundamental based investing, returning capital to token holders, and developing a moat in crypto. Finally, we discuss dead capital in DeFi.

Thanks for tuning in!

--

Resources

Internet Finance by Felipe: https://x.com/TheiaResearch/status/1876618782871048429

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

Earn, borrow, and build on your terms using Morpho! Morpho is a permissionless lending platform that allows anyone to earn yield and borrow assets with better rates. Its flexible, trustless infrastructure also empowers developers and businesses to build and tailor their own financial products. Whether you’re an individual, fund, fintech, or institution, Morpho is for you. 

Get started today: https://app.morpho.org/?network=mainnet&spdl=99nsk9

--

Follow Felipe: https://x.com/TheiaResearch

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(3:58) Unified Servers and Smart Contract Codes

(12:42) Global Property Rights and Tokenizing Assets

(21:08) Uniswap Ad

(22:02) Morpho Ad

(23:10) Theia's Investment Thesis

(26:28) Does Crypto Trade on Fundamentals?

(29:20) Returning Capital to Token Holders

(38:02) Good Business, Bad Token

(43:55) Projects with Equity and Token Components

(52:23) Developing Moats in Crypto

(1:03:50) Can Robinhood Compete with Coinbase?

(1:06:36) Dead Capital in DeFi

(1:12:58) Closing Thoughts

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we discuss the Palisades Fire, macro uncertainty, and Trump’s first 100 days in office. We also dive into AI’s influence on the markets, new developer talent entering the space over time, and the philosophical differences between Ethereum and Solana. Finally, we end the episode with discussion on Robinhood’s involvement in crypto, and how Ethena has rapidly grown.

Thanks for tuning in!

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

This episode was sponsored by Aave! Access the full power of DeFi today: https://aave.com/

--

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(2:40) The Palisades Fire

(13:58) Macro Uncertainty

(22:20) Uniswap Ad

(23:14) AI's Influence on the Markets

(32:14) New Developer Talent Entering Crypto

(40:15) Philosophical Differences Between Ethereum and Solana

(45:18) Robinhood's Involvement in Crypto

(51:45) Ethena's Rapid Growth

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.tt and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Hasu joined us to discuss the state of liquid staking today, Ethereum’s issuance debate, and Ethereum’s North Star. We also unpacked Hasu’s GOOSE-2 submission, and all that it would entail. Finally, Hasu left us with some teasers for Lido v3!

Thanks for tuning in!

--

Resources

Is Liquid Staking Winner Take All? https://youtu.be/8V55eQOG2L8?feature=shared

Unlocking Institutional Ethereum Staking: https://app.blockworksresearch.com/research/unlocking-institutional-ethereum-staking-a-survey-of-industry-leaders

Uncommon Core: Ethereum’s Staking Endgame: https://x.com/UCC2_xyz/status/1771145475497804193

Hasu’s GOOSE-2 Submission: https://research.lido.fi/t/hasus-goose-2-submission-a-product-line-approach-to-grow-lido-s-staking-ecosystem/8841

--

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

Follow Hasu: https://x.com/hasufl

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(1:53) The State of Liquid Staking Today

(9:47) Institutional ETH Staking & Centralization Concerns

(25:03) Ethereum's Issuance Debate

(40:42) Ethereum's North Star

(1:05:02) Uniswap Ad

(1:05:56) Overview of GOOSE-2

(1:17:09) The stETH Product Line

(1:27:41) LDOs Evolution

(1:40:54) Teasing Lido v3

--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Mippo discusses the recent discussion on Polygon bridge assets, the potential for a new business model in DeFi, the future of RWAs, and the waning strength of ETHs “Store of Value” narrative.

Thanks for tuning in!

Resources

Marc Zeller - “Operation Polygon(e): https://x.com/lemiscate/status/1868599491869520361

Sandeep’s Thoughts: https://x.com/sandeepnailwal/status/1869153510756909475

PaperImperium’s Post: https://x.com/ImperiumPaper/status/1869385793229459867

Steakhouse Financial’s Thoughts on the Polygon Bridge Drama: https://x.com/SteakhouseFi/status/1869506052242407645

RWA: Tokenized Treasuries: https://app.rwa.xyz/treasuries

Gwart’s Post: https://x.com/GwartyGwart/status/1870500616742822138

—

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

This episode was sponsored by Aave! Access the full power of DeFi today: https://aave.com/

--

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

—--

TIMESTAMPS

(00:00) Intro

(01:04)  New Business Models in DeFi

(19:13) Uniswap ad

(20:11)  The Future of RWAs

(29:49)  ETHs Store of Value Narrative

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Michael, Vance, and Mippo discuss their 2025 predictions! They cover their macro outlook, and crypto specific predictions for next year. They also ask themselves - Will the L1 trade ever die? Will ICOs return? Are crypto founders returning to America?

Thanks for tuning in!

Resources

2024 Predictions Episode: https://youtu.be/6V0hWs_CCFg?feature=shared

2025 Predictions: https://x.com/pythianism/status/1869522809212543204

Steakhouse Financial’s Thoughts on the Polygon Bridge Drama: https://x.com/SteakhouseFi/status/1869506052242407645

—

Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen!

This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum.

You’ll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4

--

This episode was sponsored by Aave! Access the full power of DeFi today: https://aave.com/

–

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

—-

(00:00) Introduction

(02:50) 2025 Macro Predictions

(20:04) 2025 Crypto Predictions

(41:40) Uniswap Ad

(42:36) Will the L1 Trade Ever Die?

(49:22) Crypto is Coming Back to America

(55:57) Will ICOs Return?

(57:12) The IPO Market

(01:05:01) Bridged Asset Drama

—--

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.tt and our guests may hold positions in the companies, funds, or projects discussed.