The Importance of Collateral in the Triple Point Asset Thesis

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

From a user perspective, it's no different. It's the economic effect that you see. The Uniswap on any layer two is going to not have the gas fees of Ethereum layer one. And if you're shuffling liquidity back and forth via bridges, that is either time consuming or transaction consuming. I think we can just strike collateral because I don't think there's any differences between Ether and Solana on their respective networks about collateral.

Bankless hasn’t had the most coverage of Solana, the network, and SOL, the asset, but in this episode that changes. Our guest, Austin Federa is Head of Strategy at the Solana Foundation and is the host of the Validated podcast.

David was recently a guest on Austin’s podcast where they went back and forth on some of the cultural and philosophical differences between the Solana and Ethereum projects. Today is a continuation of that episode.

Despite some differences in community perspectives, Austin brings a fresh perspective on the design philosophy that relates Solana the network to SOL the asset and so much more.

----- 🏹 Airdrop Hunter is coming soon! Become a Citizen for full access: https://bankless.cc/HuntersGonnaHunt

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

----- TIMESTAMPS

0:00 Intro 6:50 Programmable SOL Values 8:10 SOL’s Story Arc 12:25 SOL’s Architecture & Utility 17:30 SOL’s Economic Sustainability Model 19:20 SOL’s Triple Point Asset Thesis 25:15 Solana’s LSDs 28:48 Solana’s MEV Philosophy 33:56 End Game of Solana MEV 40:00 Ethereum vs. Solana 50:00 Market Cap, Values, & Layers Debate 1:00:15 Closing & Disclaimers

----- RESOURCES

Austin Federa https://twitter.com/Austin_Federa

157 - Will Solana Make It with Anatoly Yakovenko https://youtu.be/zlx64JjXlgQ

Solana is Launching a Phone? | Co-Founders Anatoly & Raj https://youtube.com/live/9wfNeVTtBz0

The Philosophy of Ethereum According to Bankless' David Hoffman https://solana.com/validated/episodes/the-philosophy-of-ethereum-according-to-bankless-david-hoffman

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. See our investment disclosures here: https://www.bankless.com/disclosures ⁠