The Single Shard Thesis | Logan Jastremski

0xResearch

The Future of DeFi

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Rocketful has about $78 million of liquidity in the Balancer pool and nearly a million or about 750,000 of plus or minus 2% liquidity. The issue there is there's a mini pool queue right now and it's about 6.5 days. So if I'm a validator, now I have to exit through the ETH withdrawal queue. And then to re-enter after I've captured this arbitrage, I have to give up 6.5 Days of yield. On an annual basis, and in that's the case, I think RE's peg may struggle in a large risk off scenario.

Logan Jastremski joins us to discuss how parallelizable, high-throughput blockchains are the solution for scalable crypto products. We start with Logan's high-throughput thesis, why isolated fee markets and parallel computation are crucial features and how to analyze node requirements. Logan then explains why L2s won't scale, how DAS solutions are a feature, not a product, and his take on AppChains vs sector-specific chains.

And as usual, we start the episode with our analyst bullpen to discuss Coinbase, liquid staking derivatives post Shapella, rETH's withdrawal design and token incentive design.

- -

Timestamps:

(00:00) Introduction

(00:30) Hot Seat/Cool Throne

(25:11) Interview Start: Logan’s Background

(27:08) The High-Throughput Thesis

(29:10) Backpack and xNFTs

(32:44) Solana: State Compression, Hardware Requirements & Value Accrual

(46:00) “Lightspeed Ad”

(46:41) Quantifiably Measuring Decentralization

(50:30) The L2 Experiment

(56:14) Isolated Fee Markets

(59:30) Celestia, EigenLayer & Polygon Avail

(1:03:28) AppChains, Sector-Specific Chains & Mobile

(1:08:09) Solana's Community and DePIN

- -

Follow Logan: https://twitter.com/LoganJastremski

Follow Sam: https://twitter.com/swmartin19

Follow Dan: https://twitter.com/smyyguy

Follow Effort Capital: https://twitter.com/EffortCapital

Follow Matt: https://twitter.com/MattFiebach

Follow Blockworks Research: https://twitter.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

Subscribe on Apple: https://apple.co/3SNhUEt

Subscribe on Spotify: https://spoti.fi/3NlP1hA

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

- -

Resources:

Westie

https://twitter.com/WestieCapital

Synthetix Dune Dashboard

https://dune.com/blockworks_research/synthetix

Polynya's OP discussion

https://gov.optimism.io/t/draft-inflation-adjustment-proposal-to-0/5936

DefiLlama

https://defillama.com/bridges

Frictionless Capital

https://www.frictionless.fund/

https://twitter.com/_Frictionless_

Logan's podcast

https://www.youtube.com/@LoganJastremskiPodcast

Vitalik's End Game

https://vitalik.ca/general/2021/12/06/endgame.html

Firedancer

https://jumpcrypto.com/firedancer/

- -

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

- -

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.