How Much Capital Do You Need to Run a Central Withdrawal Provider?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Currently we're doing eight hours. As we scale, hopefully we'll shrink that time even lower. The withdrawal provider only needs like capital proportional to an hour's worth of withdrawals on the system. So it's not a question of like, you need eight hours, it's a question of what's the right trade off for the cost of operating the system.

This week, Anna and James chat with Antonio Juliano, founder of dYdX, a derivatives exchange on Ethereum that recently transitioned to a StarkEx-powered L2 infrastructure.

Antonio brings a product-centric perspective to using scalability tech. He explains the choice of going for StarkWare’s products and how it compares to other layer ones or rollups. The conversation delves into questions like dYdX’s position in the decentralization spectrum, how that is going to change in the future, and what the L2 solution enables on the product side.

Here are some links for this episode:

StarkWare’s docs on the StarkEx technology adopted by dYdX
dYdX’s FAQ on major features and decisions in the platform.
Validium with DeversiFi & Starkware Zero Knowledge episode 138
Loopring with Matt & Brecht, Zero Knowledge episode 161
Unwrapping Optimism with Ben and Mark, Zero Knowledge episode 177.

The next zkSessions focused on ZK Languages is happening on May 19 at 6 PM CET / 9AM PT!
Signup on Hopin now - https://hopin.com/events/zksessions-the-zk-languages-showdown

The second ZK Jobs Fair happens on May 19 8 PM CET / 11AM PT - Apply here if you are actively looking for a new role and only want to attend this!

And for all job listings, check out the ZK Jobs Board for open positions.

Thanks to this week’s sponsor, Least Authority

Least Authority is a leader in the security of distributed systems. They provide security consulting services, develop open source products and contribute to the advancement of learning and research in the field.

Signup for Least Authority’s newsletter to be notified on the release of the ZKAPs Whitepaper, PrivateStorage, security audit reports, job openings and more.

Visit https://leastauthority.com/newsletter to join the mailing list.

If you like what we do:
Follow us on Twitter - @zeroknowledgefm
Join us on Telegram
Catch us on Youtube
Read up on the r/ZKPodcast subreddit
Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A
Support our Gitcoin Grant
Support us on the ZKPatreon
Donate through coinbase.commerce

Or directly here:
ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a
BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz
ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ
DOT: 14zPzb7ihiBeaUn9jdPW9cHKGBd9qtTuJE75hhW2CvzLh6rT