i'm really sceptical, i guess, in crypto, just because of how all the projects are open sors and can be forked to remove basically any rent that goes to these projects. I think you're right on the maker's side, where having that network sort of creates that sort of moat where it's hard to compete with. So i think that there's still going to be a lot of room for venture investment in sorof the broader crypto. But i just tink there might be some segments that are less ventureframble than others. Or at least the playing the plainfield sort of levelled where anyone can invest - not justventure crowd....
In this episode, Su and Hasu talk to Matt Castro and Brad Koeppen of CMT Digital, one of the longest-standing trading firms in crypto.
Topics covered
- What their firm does in crypto
- What CMT thinks about DeFi
- The rise of AMMs and their future
- Why CMT co-founded the Chigaco DeFi Alliance
- Why community-funded coins have performed better than VC-funded ones, and whether this trend will continue
Su Zhu is the CEO and CIO of Three Arrows Capital.
Hasu is a cryptocurrency researcher and writer.
Together, they publish on Deribit Insights and uncommoncore.co.