Challenges and Developments in Decentralized Exchanges

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. 

Show topics:

• highlights of Sam Bankman-Fried's interview with the New York Times
• whether SBF knew what was going on in his companies, and how that impacts potential prosecution
• why Genesis and DCG are in financial trouble
• whether Genesis will file for bankruptcy or go through a restructuring process
• revelations from BlockFi's bankruptcy filing
• new info on why FTX bailed out BlockFi last summer
• what is going on with Binance’s recovery fund 
• how Avi Eisenberg tried to pull off an attack on Aave 
• how the banking industry works and whether Changpeng Zhao is the closest thing to a central bank in crypto
• how DeFi responds in a crisis, and how it contrasts with CeFi’s recent implosions

Hosts

• Haseeb Qureshi, managing partner at Dragonfly Capital
• Tarun Chitra, managing partner at Robot Ventures
• Robert Leshner, founder of Compound 
• Tom Schmidt, general partner at Dragonfly Capital

Episode Links

FTX:

• Unchained: FTX Bankruptcy Overseer Says Company’s Collapse Is Worst He’s Ever Seen
• NYT: Sam Bankman-Fried’s interview
• Bill Ackman’s tweet
• Interview with Tiffany Fong
• Previous coverage of Unchained on FTX:
• Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion
• Is the Collapse of Crypto Lending Over, or Is It Just Starting?
• Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?
• The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater 
• Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets
• The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?
• Sam Bankman-Fried on How to Prevent the Next Terra and 3AC

BlockFi: 

• Unchained: Crypto Lender BlockFi Files for Bankruptcy as FTX’s Contagion Effects Continue
• Decrypt: FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing

Genesis:

• Ryan Selkis’ tweet on Genesis
• Unchained: 
• Genesis Warns of Bankruptcy If Funding Plans Fail: Report
• On-chain Analysts ID 432 GBTC Addresses After Grayscale Says No to Proof-of-Reserves
• WSJ: Crypto Lender Genesis Asks Binance and Apollo for Cash
• Decrypt: Digital Currency Group Says No Imminent Threat Despite Owing Genesis $575M
• Previous coverage of Unchained on Genesis:
• Why Genesis Could Very Well Be Insolvent, Not Just Illiquid
• ‘The Last Big Whale’: Why the Crypto Contagion of 2022 Eventually Hit Genesis

DeFi

• Pancakeswap flipped Uniswap in TVL
• Unchained: 
• Mango Markets Exploiter Gets Liquidated But Leaves Aave With ‘Excess Debt’
• Aave Freezes 17 Low-Liquidity V2 Pools and Votes to Migrate 26 Assets to Ethereum V3
• Compound Finance Slashes Borrow Caps for 10 Markets

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