Bell Curve

In this episode, Alex Thorn from Galaxy Research, and Nic Carter from Castle Island Ventures joined us to discuss Operation Choke Point 2.0! We covered who’s involved in Operation Choke Point 2.0, Bharat Ramamurti’s influence on crypto policy in the United States, and how policy will vary between a Harris presidency and a Trump presidency. Additionally, we dove into the effectiveness of Operation Choke Point 2.0, and how we can advocate for our industry. Finally, we talked about the impact election odds have on crypto markets.

Thanks for tuning in!

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Resources

“Kamala Harris will continue crypto crackdown” Alex Thorn’s Thread: https://x.com/intangiblecoins/status/1823338570104352884

Cooper & Kirk - Operation Choke Point 2.0: The Federal Bank Regulators Come For Crypto: https://www.cooperkirk.com/wp-content/uploads/2023/03/Operation-Choke-Point-2.0.pdf

Stand With Crypto: https://www.standwithcrypto.org/

--

Sei Labs believes the EVM is here to stay.

By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.

Visit https://www.sei.io/ to find out more

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

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Follow Nic: https://x.com/nic__carter

Follow Alex: https://x.com/intangiblecoins

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

--

Timestamps:

(0:00) Introduction

(2:44) Operation Choke Point 2.0

(6:42) Who's Involved In Operation Choke Point 2.0?

(15:59) Sei Ad

(16:42) Bharat Ramamurti's Anti-Crypto Stance

(28:29) Crypto Policy Under Harris vs Trump

(36:26) How Can We Advocate for the Crypto Industry?

(43:37) Operation Choke Point 2.0s Effectiveness

(52:03) Election Odds and Their Impact on Crypto Markets

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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’re joined by Jim Parillo from Figment Capital! This week we discuss the success of prediction markets, conflicts of interest in crypto today, and the importance of self policing our industry. Additionally, we question how transparent crypto really is compared to traditional finance. Finally, we dive into the way advisory roles have mutated in crypto, and the pains that come along with rapid growth.

Thanks for tuning in!

--

Resources

EigenLayer’s Response to the Coindesk Article: https://x.com/eigenlayer/status/1824175022308724749

Coindesk: Top Crypto Startup Drove Other Projects’ Airdrops to its Employees: https://x.com/CoinDesk/status/1824067033350258815

Hasu’s Take on the Adoption of Prediction Markets: https://x.com/hasufl/status/1820818054621622673

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Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently in its mainnet launch phase — follow along on namada.net

--

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

Follow Figment Capital: https://x.com/FigmentCapital

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

Follow Mike: https://twitter.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/

--

Timestamps:

(0:00) Introduction

(5:12) Venture Capital & the Apps vs Infrastructure Meta

(19:25) The Success of Prediction Markets

(30:36) Namada Ad

(31:35) Re.al Ad

(32:34) Conflicts of Interest in Crypto Today

(43:33) Is Crypto Really More Transparent Than TradFi?

(48:43) The Importance of Self Policing in Crypto

(58:59) How Crypto Mutated Advisory Roles

(1:01:52) Rapid Growth and the Pains That Come With It

(1:07:33) Go Touch Grass

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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, Marc Zeller, the founder of Aave-Chan Initiative, joined us to discuss Aave and the state of DeFi today! We dive into Aave’s Umbrella safety module, competition between DeFi protocols, and concerns around WBTC. Additionally, Marc gives his thoughts on revenue distribution models in DeFi, the Minimum Viable Issuance debate, and whether or not DeFi is propping up Ethereum. Finally, we address the speculation around Aave potentially deploying on Solana.

Thanks for tuning in!

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Resources

Marc’s Aavenomics Update Proposal: https://x.com/lemiscate/status/1816469283624337413

Umbrella Safety Module Chart from Sonya Kim: https://x.com/sonyasunkim/status/1816820866501443839

Kain’s Take on DeFi: https://x.com/kaiynne/status/1821020189594669398

MakerDAO: WBTC Changes and Risk Mitigation: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844

--

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently in its mainnet launch phase — follow along on namada.net

--

Follow ACI: ​​https://x.com/Aavechan

Follow Marc: https://x.com/lemiscate

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/3M5eE6s

--

Timestamps:

(0:00) Introduction

(4:30) How Should DAOs Be Managed?

(13:44) Marc's Crypto Origin Story

(15:39) Namada Ad

(16:38) Overview of Aave

(21:35) The Umbrella Safety Module

(37:36) Should Protocols Redistribute Revenue to Token Holders?

(43:25) Buy & Burn vs Buy & Distribute

(48:04) The State of DeFi Today

(51:42) Competition Between DeFi Protocols

(56:39) Deploying on Rollups

(1:07:15) Is DeFi Propping Up Ethereum?

(1:11:33) The Minimum Viable Issuance Debate

(1:20:17) Is Aave Coming To Solana?

(1:24:36) WBTC Concerns

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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, Mike explores the most relevant topics in crypto today. He dives into Kamala Harris’ cabinet, Ripple’s settlement with the SEC, and Ethereum ETF flows to date. Additionally, he speculates on who might be the next SEC Chair after Gary Gensler. Finally, he closes with coverage of the internal debate happening within the Ethereum community and gives his take on whether or not opportunities in crypto are drying up.

Thanks for tuning in!

--

Resources

Behind the Curtain: The Harris Cabinet: https://www.axios.com/2024/08/07/kamala-harris-cabinet-election

Farside ETH ETF Flows: https://farside.co.uk/?p=1518

Qiao’s Thoughts on the Ethereum Rollup Roadmap: https://x.com/QwQiao/status/1821540694390907295

TradeButWhy’s Take on Crypto Opportunities: https://x.com/tradebutwhy/status/1821464061021655246

--

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently in its mainnet launch phase — follow along on namada.net

--

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

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/

--

Timestamps:

(0:00) Introduction

(2:08) Kamala Harris Has Flipped Trump in Prediction Markets

(6:14) The Harris Cabinet

(13:00) Who Will Be the Next SEC Chair?

(15:27) Namada Ad

(16:26) Re.al Ad

(17:25) Ripple's Settlement With the SEC

(22:38) Ethereum ETF Flows

(27:50) Debates on the Direction Ethereum is Headed

(36:10) Are the Opportunities in Crypto Drying Up?

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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, we recap all of the themes and topics from Season 8: Restaking’s Renaissance. We compare the sentiment around restaking between the start of the season to now, discuss the various use cases around restaking, and give our thoughts on pre confirmations. Additionally, we take a look at StakeSure, and the restaking customer base. Finally, we think about what the future has in store for the restaking market.

Thanks for tuning in!

--

Resources

StakeSure & EigenLayer: Strong cryptoeconomic security https://x.com/sreeramkannan/status/1799581328679334391

--

Sei Labs believes the EVM is here to stay.

By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.

Visit https://www.sei.io/ to find out more

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

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- -

--

Timestamps:

(0:00) Introduction

(2:22) Restaking Sentiment Now

(8:07) Use Cases for Restaking

(13:55) Sei Ad

(14:39) Thoughts on Pre Confirmations

(22:34) Vanilla PoS vs Proof of Authority

(34:11) What is StakeSure?

(42:06) The Restaking Customer Base

(46:43) Creating an Ecosystem of AVSs

(59:18) Predictions For Restaking's Future

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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, the Roundup crew and Myles O’Neil are diving into the hot topics from a volatile week in the markets. They discuss the recent Compound Finance governance attack, the first week of Ethereum ETF trading, and how teams should handle token unlocks. Additionally, they ask if crypto is now a bipartisan issue, and what governance tokens should be classified as. Finally, they speculate on whether or not we are entering a recession.

Thanks for tuning in!

--

Sei Labs believes the EVM is here to stay.

By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.

Visit https://www.sei.io/ to find out more

--

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

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

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/

--

Timestamps:

(0:00) Introduction

(4:07) Trump at the Bitcoin Conference

(10:19) Is Crypto Now A Bipartisan Issue?

(19:20) Sei Ad

(20:03) Re.al Ad

(21:02) The Compound Finance Governance Attack

(39:04) If Governance Tokens Aren't Securities, What Are They?

(44:23) Are We Going Into a Recession?

(52:00) The First Week of ETH ETF Trading

(54:59) How Should Teams Handle Token Unlocks?

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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, Lucas Bruder from Jito discusses their newly launched restaking platform for Solana. The conversation covers the history of Jito's products, the design choices behind their restaking solution, and how it differs from Ethereum-based platforms like Eigen Layer. Lucas explains the flexibility of Jito's approach, allowing for various assets including governance tokens, and discusses potential use cases such as oracles and keepers. The episode also explores the broader implications for Solana's ecosystem and the future of restaking across different blockchain environments.

Thanks for tuning in!

--

Resources

Jito Restaking Announcement: https://x.com/jito_sol/status/1816488798374830164

--

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently in its mainnet launch phase — follow along on namada.net

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

Follow Lucas: https://x.com/buffalu__

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- -

--

Timestamps:

(0:00) Introduction

(2:46) The History of Jito

(5:43) Jito Restaking Design Decisions

(17:23) Potential Use Cases for Restaking

(29:38) Namada Ad

(30:37) Dealing with Potential Downtime

(34:46) Restaking on Solana vs Ethereum

(40:25) The Supply Side of Solana Restaking

(42:42) Handling Slashing

(46:45) Restaking Marketplace Dynamics

(53:37) How Can Restaking Impact the Solana L1?

(57:07) Synergies Within Jito's Product Suite

(1:01:51) Outro

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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, the Roundup crew discusses Ethereum ETF flows, the Jito restaking announcement and its impact on the Solana Ecosystem, and the recent AAVEnomics update proposal. Additionally, they speculate on when the Fed will finally cut rates, and what Trump might say during his Bitcoin Conference speech. Finally, they dive into what crypto policy might look like during a Harris presidency. 

Thanks for tuning in!

--

Resources 

The DAO Run Lemonade Stand: https://x.com/josephdelong/status/1540311662888161280

--

Sei Labs believes the EVM is here to stay.

By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.

Visit https://www.sei.io/ to find out more

--

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

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/

--

Timestamps:

(0:00) Introduction

(2:22) Ethereum ETF Flows

(11:56) Should Chains Be Opinionated About the Apps in Their Ecosystem?

(15:31) Jito Restaking Announcement

(21:49) Sei Ad

(22:32) re.al Ad

(23:31) Trump, RFK Jr, and the Bitcoin Conference

(28:28) When Will the Fed Cut Rates?

(31:38) AAVEnomics Update

(40:35) Would a Harris Presidency Be a Net Good for Crypto?

--

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, Sunny, the Co-founder of Osmosis, and Toghrul from Scroll joined us to present the bear case for shared security. We discussed issues with Proof of Stake, the relationship between slashing and enshrining an LST, and the market size for restaking. Finally, we provide our thoughts on the intersubjective work token, and staking’s potential impact on the L1.

Thanks for tuning in!

--

Resources

Shared Security is a Psyop Speech: https://youtu.be/hdEEl3ixlfo?si=qkk89BaV6Q2krewQ

--

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently in its mainnet launch phase — follow along on namada.net

--

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons. 

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

Follow Toghrul: https://x.com/toghrulmaharram

Follow Sunny: https://x.com/sunnya97

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

--

Timestamps:

(0:00) Introduction

(2:42) The "Shared Security is a Psyop" Speech

(9:10) Issues with Vanilla Proof of Stake

(19:29) Namada Ad

(20:28) Re.al Ad

(21:27) Slashing vs Enshrining an LST

(30:24) The Market Size for Restaking

(44:17) How Can You Keep Apps Within the Ecosystem?

(49:51) Thoughts on the Intersubjective Work Token

(58:29) Restaking's Impact on the L1

(1:05:08) Outro

--

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 special episode of Bell Curve, Stephane Gosselin and Hart Lambur joined us live at EthCC to discuss OneBalance and the CAKE Framework! Additionally, we dive into the economics of the solver layer, what effects an HFT dynamic arising in crypto would have, and UX in a OneBalance world. Finally, we speculate on how OneBalance will impact L2 business models.

Thanks for tuning in!

--

Resource

CAKE Framework Breakdown: https://x.com/0xASK/status/1813217270010609990

--

Sei Labs believes the EVM is here to stay.

By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.

Visit https://www.sei.io/ to find out more

--

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons. 

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

--

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

--

Follow OneBalance: https://x.com/OneBalance_io

Follow Stephane: https://x.com/thegostep

Follow Hart: https://x.com/hal2001

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- -

--

Timestamps:

(0:00) Introduction

(2:56) OneBalance and the CAKE Framework

(21:09) Sei Ad

(21:53) Re.al Ad

(22:51) Economics of the Solver Layer

(31:21) Would an HFT Dynamic Arising in Crypto Be Bad for the Space?

(45:30) UX in a OneBalance World

(53:07) How Will OneBalance Impact L2 Business Models?

--

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.