Managing Miner Extractable Value (MEV) in Decentralized Trading

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Discussion on approaches to handling Miner Extractable Value (MEV), comparing strategies to prevent MEV versus allowing it but sharing profits with traders. The chapter also covers the implementation of a fee switch proposal on Uniswap, revenue sharing with token stakers, utility in ecosystems, decentralization of validator sets, modular tech stack choices, yield-bearing stablecoins like USDC, mobile trading developments, user behavior insights, and the dominance of perpetual contracts over options and futures in crypto derivatives.

In today's interview Sam and Ren are joined by Antonio Juliano, the founder of dYdX. They kick-off by discussing the migration from V3 to V4, the platform's focus on permissionless market listings, and the importance of isolated margin. He shares insights on the competitive landscape of decentralized derivatives exchanges, the challenges and solutions related to MEV, and the role of USDC issued by Noble in dYdX's growth. Antonio also touches on the platform's validator set distribution, the potential of yield-bearing collateral, and the dominance of perpetual contracts in the crypto derivatives market.

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Timestamps:

(0:00) Introduction

(1:36) V3 Migration Reflection

(13:11) Competing with Perp DEXs

(24:42) DAS London Ad

(25:49) MEV Mitigation Strategy

(30:59) Token Revenue Shares

(34:32) Validator Set Distribution

(38:00) Yield Bearing Collateral

(43:14) 10 Year Roadmap

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Disclaimer: Nothing said on 0xResearch 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. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.