The Smart Economy Podcast: Real-World Blockchain Applications with Crypto, DeFi, NFTs, and DAOs Building DeFi Infrastructure: From Zero to MEV Resistance with ParaSwap Founder Mounir Benchemled
Nov 21, 2024
55:43
In this episode of The Smart Economy Podcast, host Dylan Grabowski is joined by Mounir Benchemled, founder and CEO of ParaSwap, a platform in the decentralized finance landscape.
Join them as they discuss:
- The features ParaSwap is bringing to the DeFi space
- Token approvals and security
- Regulatory landscape of DeFi
- Hybrid approaches to customer acquisition in DeFi
- The future of decentralized exchanges
And much more!
With a background rich in software development and blockchain technology, Mounir has not only led ParaSwap to raise $5.7 million from top-tier crypto investors but has also recently taken on the CEO role at Laita Labs, aiming to push the boundaries of DeFi products and infrastructure.
Episode Highlights:
- [00:00] Intro
- [02:30] Discussion of what DeFi got right/wrong and stablecoins as the biggest success
- [05:44] Mounir shares his journey from Bitcoin in 2012 to leaving his CEO role in 2017
- [10:58] B2B pivot: From retail focus to 85% partner volume integration
- [17:13] Regulatory landscape: EU's DeFi-friendly stance vs US restrictions
- [22:33] Chain expansion: Scaling beyond Ethereum to BSC, Polygon and L2s
- [26:04] ParaSwap Delta: New gasless, intent-based trading solution
- [29:19] March 2024 exploit: $24K initial breach leads to larger recovery mission
- [37:30] Hacker negotiations: Recovering 80% of funds through on-chain tracking
- [44:26] MEV insights: How the exploit improved MEV resistance strategies
- [46:19] OTC trading: Peer-to-peer and RFQ protocol capabilities
- [49:29] Token mechanics: PSP token utility and staking benefits
- [50:30] Airdrop lessons: Candid take on 2021 airdrop timing and mistakes
Previous guests include: Rusty Matveev, Chief Strategy Officer at Calaxy; Andrew Lawrence, CEO and Co-Founder of Censo; Zac Townsend, CEO and Co-Founder of Meanwhile; Jesper Johansen, CEO and Co-Founder of Northstake; Tama Churchouse, COO of Cumberland Labs; Holly Wood of Boson Protocol; Sid Powell of Maple Finance; Chad Barraford of THORChain; and many others.
Check out our three most downloaded episodes:
- Laying the Groundwork for a Billion-User Blockchain with Rich Rines, Contributor at Core DAO
- Staking the Future: From Blockchain Beginnings to Institutional Innovations with Chen Zhuling of RockX
- The Unstoppable Nature of Blockchain: A Conversation with Bonart Mati of Obligate
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