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dYdX Abandons Ethereum?! with Founder, Antonio Juliano

Jun 29, 2022

Antonio Juliano, the founder of dYdX, shares insights about his company's bold move from Ethereum to a standalone blockchain within the Cosmos ecosystem. He discusses the decision's implications for decentralization and user experience, emphasizing a focus on product development over blockchain loyalty. Juliano highlights the challenges of building a decentralized exchange, ambitions for market share, and the importance of community involvement. He also delves into the complexities of staking and the risks tied to increased centralization in the crypto landscape.

01:26:19

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Episode guests

Antonio Juliano

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Episode notes

Intro

2min

Resilience in DeFi: A Shift to Cosmos

5min

DYDX's Transition to Cosmos: A Strategic Shift

25min

Navigating Ambitions and Challenges in DYDX Development

27min

The Shift towards Decentralization and Vertical Integration in DYDX

5min

Exploring Spicy Questions and Staking Opportunities in Crypto

3min

DYDX's Chain Shift: A Debate on Decentralization

20min

Last week, one of Ethereum’s biggest L2-integrated dapps — derivatives giant dYdX — announced plans to depart Ethereum upon its upcoming v4 release. The destination? A fully sovereign blockchain on the Cosmos Tendermint consensus protocol, built using the Cosmos software development kit.

We brought on dYdX, Founder, Antonio Juliano to discuss this announcement and so much more.

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------ Topics Covered:

0:00 Intro 7:00 The Announcement 14:38 Creating the Best Product 25:10 Decentralization 33:50 The Risks 37:55 Wallets 40:07 Staking Validators 46:05 Monetary Policy & Latency 54:44 Tradeoffs with Ethereum 59:55 Legal Reasons 1:06:00 Real Centralization 1:14:20 Bridging & Composability 1:24:00 Closing

------ Resources:

Antonio on Twitter: https://twitter.com/AntonioMJuliano

Announcement: https://twitter.com/dYdX/status/1539607062291877889

Why Would a dApp Leave Ethereum Right Now? https://newsletter.banklesshq.com/p/dydx-cosmos-ethereum?

----- 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.

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