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Austin Federa: Is SOL Money?

Aug 10, 2023

Austin Federa, Head of Strategy at the Solana Foundation and host of the Validated podcast, dives into the intricacies of the Solana network and its native asset, SOL. He contrasts Solana's unique architecture with that of Ethereum and Bitcoin, highlighting the implications for network performance and economic sustainability. The discussion touches on SOL’s inflation model, staking mechanisms, and recent technological advancements. Austin also explores the dynamics of Miner Extractable Value (MEV) in both ecosystems, underscoring the philosophical differences that shape their development.

01:01:39

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Episode guests

Austin Federa

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Episode notes

Intro

4min

Exploring the Essence of Solana and Its Native Asset

3min

Unpacking Solana: Architecture and Economics

9min

Advancements and Economics of Solana

14min

Exploring MEV Dynamics: Solana vs. Ethereum

6min

Exploring MEV Dynamics in Ethereum and Solana

5min

Ethereum and Solana: A Comparative Evolution

21min

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.

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----- 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 ⁠

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