Ethereum DeFi may soon face some competition from Serum - a high speed decentralized exchange built on Solana! Sam Bankman-Fried (@SBF_Alameda) and Anatoly Yakovenko (@aeyakovenko), founders of FTX exchange and Solana, join us in discussing their joint creation. We talk:

• What is Serum and why should we care?
• Building on Solana vs. on Ethereum Layer 2
• How can a new DeFi ecosystem overcome Ethereum's network effects?

Host: Jason Choi (@MrJasonChoi). If you enjoyed the show, consider tipping! This show is not financial advice; show host and guest may hold some of the assets discussed.

• BTC: 3EFSLnPpme6Lo6DynN1bVV9owooueFvEmJ
• ETH: 0xdec40AA30B9C562aB4b839529BfC290C1B5Da61E

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Resources:

• Borrow and lend crypto at market-beating rates: Nexo.io
• Subscribe to my essays here: jasonchoi.substack.com

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Musical credits:

Transition track: "BHANGER" by Phortissimo. Used with permission

Outro track: "LEMMiNO - Infinity [Chill]" is released under a Creative Commons license (BY-SA) 4.0 Music provided by BreakingCopyright: https://youtu.be/uweorwa3q34

Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions.