Drift: A Game Changer in DeFi

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This chapter provides an in-depth look at Drift, a decentralized exchange on the Solana blockchain, emphasizing its competitive advantages, particularly through Firedancer technology and cross-collateral capabilities. It also explores the complexities of balancing decentralization with efficiency in the DEX ecosystem, illustrated by examples like DYDX's shift to Cosmos.

In this episode,we were joined by a special guest: the host of Bell Curve, Michael Ippolito! We discussed the PerpDEX sector, prediction market success after the US election, and the different ways to monetize social networks. Additionally, we asked ourselves, what parts of crypto suck? Finally, we unpacked the L1 trade, and discussed getting silly onchain.

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As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Resources

Blockworks Research: Drift Report - https://x.com/blockworksres/status/1831773832308506984

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Timestamps:

(0:00) Introduction

(1:58) Can Drift Stand Out in the PerpDEX Sector?

(15:19) Prediction Market Success After the US Election

(22:01) Monetizing Social Networks

(31:14) Permissionless III Ad

(32:28) What Parts of Crypto Suck?

(41:03) The L1 Trade

(1:04:40) L2s Are Not Good At Execution

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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. Boccaccio, Dan, and our guests may hold positions in the companies, funds, or projects discussed.