In this episode of Deeply Intents, I chat with Alex Watts (ThogardPvP) from Fastlane. We begin the episode by discussing the concept of kingmaking in crypto ecosystems - why its important and the risks associated with king entrenching. Next we shift the conversation to the Monad central bank thesis as in the Monad Foundation using its treasury of MON to control yield via staking. Thereafter we shift the discussion towards risk curators and vaults exploring why they are popular. We finish the episode discussing enterprise adoption patterns and what is and what is not likely to work for institutions. 

Timestamps 

(00:00) - On Kingmakers 
(03:07) - Annie are you okay? 
(05:07) - VCs won't invest in 17 LSTs 
(05:57) - Paradigm is the best Kingmaker in the business 
(09:11) - Wealth creation event for native apps 
(16:18) - The Kingmaker and application incentives 
(21:29) - Preserve the ability for competition to disrupt incumbents 
(27:13) - The Monad Central Bank thesis 
(31:17) - This gonna sound really bad 
(37:57) - Central banks are centralized 
(45:02) - They're just professionals 
(48:21) - Loop it and leave it 
(52:24) - Programmatic interest rate policy 
(54:40) - Whats up with vaults and risk curators 
(57:07) - Glazing the curators 
(1:02:13) - Institutional adoption 
(1:03:11) - Prevailing view in crypto VC 
(1:07:17) - What's important in the institutional game 
(1:14:49) - Fast finality and short block times 
(1:16:14) - RWAs have oracles, its nuanced 
(1:22:53) - The island of misfit toys 
(1:24:42) - Ethereum is the silver of crypto

Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.