27 - DeFi in the Eth2 Metropolis | Haseeb Qureshi

Aug 24, 2020

Haseeb Qureshi, a partner at Dragonfly Capital and former Airbnb developer, dives into the fascinating world of DeFi and Ethereum 2.0. He discusses his unique investment insights, the unbundling of Uniswap, and why automated market makers are reshaping trading. Haseeb explains Ethereum's scalability using urban planning metaphors, elaborating on how DeFi will evolve across various blockchain shards. He also touches on economic balancing and the competition with emerging blockchains, presenting a clear vision of the future of decentralized finance.

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INSIGHT

Crypto Investing Mindset

Crypto evolves rapidly, requiring investors to adapt constantly.
Regularly re-evaluate your understanding and be open to changing your mind.

ANECDOTE

Haseeb's DEX Misconception

Haseeb Qureshi initially underestimated decentralized exchanges (DEXs), particularly AMMs.
He believed adverse selection and low-quality assets would hinder DEX growth.

INSIGHT

AMM Mechanics

Automated market makers (AMMs) use algorithms, like Uniswap's constant product function, for pricing assets.
This simplifies liquidity provision and trading by creating a peer-to-contract model.

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Episode: #27 August 24, 2020

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Haseeb Qureshi likes the question: what did I miss? That's how he improves his mental model for investing in crypto. That's how he sharpens his mind.

That's how this former Airbnb developer and professional poker play became a notable investor at DragonFly Capital.

And that's where we start the conversation.

It leads us into a discussion on Uniswap and automated market makers, and why he thinks Uniswap will be unbundled. Which leads into Ethereum scaling, DeFi in Eth2, and an articulation of the clearest analogy for DeFi scalability in Etheruem that we've ever heard.

Use this episode to sharpen your crypto investing mind.

We cover:

The big thing Haseeb missed
Explain Uniswap like I'm 5
Why AMMs are eating orderbook exchanges
The Unbundling of Uniswap
Smart Automated Market Makers (SAMMs!)
DeFi in Eth2: Cities, suburbs, and farms
Economic load balancing across shards
Layer 2 as the shopping malls
The Shard for crypto banks
What about the ETH killers?
Sorry boys...ETH ain't money
Haseeb's High conviction Bets

Join us next Monday for a fresh episode!

----- Resources discussed:

What explains the rise of AMMs? - Article by Haseeb
Unbundling Uniswap - New Article by Haseeb
DeFi in Eth2: Cities, suburbs, farms - Article by Haseeb
ETH must be money episode with Charlie Noyes
More on Automated Market Makers:
- Rise of the Liquidity Robots - Bankless Article
- Going Bankless with Uniswap - Podcast Epsiode
- Uniswap is Infrastructure - Bankless Article
When DeFi meets Rollup - Bankless Article on Rollups

----- Episode Actions:

Read DeFi in Eth2: Cities, suburbs, farms
Read What explains the rise of AMMs?
Read Unbundling Uniswap
Give Bankless a 5 star review on iTunes!

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----- Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.