The Chopping Block: How Wintermute Avoids ‘Zombie’ Exchanges, Base’s Early Success, Bank Fraud in the AI Era - Ep. 532

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, Wintermute CEO Evgeny Gaevoy joins the show to discuss market making when the crypto markets are quiet. Plus, an analysis of Base’s prospects following a surge of early interest. Also: Do you think bank fraud is going to run rampant in the AI era?

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights: 

how prop shops like Wintermute view the current state of the crypto market

how an organization like WIntermute interacts with DeFi platforms

Tarun and Evgeny attempt to squash some past beef

why Evgeny believes that some exchanges are “zombies”

whether this is a good time to build an exchange and how Evgeny would do it 

how Base accomplished a big surge in its TVL and daily volumes

whether it’s possible for Coinbase to balance the decentralized nature of building a blockchain with a desire to minimize scams

how L2 sequencers have the power to censor transactions and the analogy to proof-of-authority chains

how friend.tech, the social app built on Base, works and why it got so much attention

why the crypto cognoscenti seemed to like friend.tech but hated BitClout, which is basically the same thing

what is the role of biometrics in securing crypto wallets and assets

whether bank fraud will increase or decrease because of advances in AI

Hosts

Haseeb Qureshi, managing partner at Dragonfly 

Robert Leshner, founder of Compound

Tarun Chitra, managing partner at Robot Ventures

Guest:

Evgeny Gaevoy, CEO of Wintermute Trading

Previous appearance on Unchained: How Traders Are Thinking About the Merge — and a Potential ETHPoW Chain

Disclosures

Links

Unchained: Coinbase Layer 2 Base Sees 80% Rise in Total Value Locked

CoinDesk: Is Friend.tech a Friend or Foe? A Dive Into the New Social App Driving Millions in Trading Volume

Halborn: Explained: The Wintermute Hack (September 2022)

Forbes: Layer 2 Wars Heat Up As Coinbase Launches Base

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