Decentralization and Off Chain Components in DeFi

In this episode of Bell Curve, Mike and Dan dive into the world of decentralized derivatives trading with Antonio Juliano, founder and CEO of dYdX. They explore how dYdX leverages the Cosmos SDK to build an app-specific blockchain that aligns incentives between validators, token holders, and traders. They unpack dYdX's journey from Ethereum to Layer 2 to finally their own custom blockchain, detailing how each transition aims to solve core issues around performance, fees, and decentralization. They also cover designs enabled by app chains, dYdX's "social slashing" approach to mitigating MEV, off-chain components, and perpetual swaps adoption. We hope you enjoy!

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Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve  

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

Use the link below to learn more, and use BELL20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!

https://blockworks.co/event/digital-asset-summit-2024-london/home

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Timestamps

(0:00) Introduction

(2:36) Interview Start: Antonio

(5:11) Balancing MEV Stakeholders

(17:09) Batch Auction Solution

(30:16) DAS London Ad

(31:26) L2 vs App Chain

(40:31) Going from dApp to L2 or App Chain

(45:49) Maverick Ad

(47:04) Decentralization and Offchain Components

(53:32) Spot vs Perps vs Options in DEX Space

(1:00:42) Outro

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Resources

PEPC by Barnabe

https://ethresear.ch/t/unbundling-pbs-towards-protocol-enforced-proposer-commitments-pepc/13879?u=barnabe

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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.