53 - Building DeFi on Layer 2 | Synthetix, Loopring, Immutable

Feb 22, 2021

Guest

Justin Moses

Guest

Robbie Ferguson

Guest

Matt Finestone

Justin Moses, CTO of Synthetix, Robbie Ferguson, Co-founder of Immutable X, and Matt Finestone, from Loopring, dive into the innovative world of DeFi on Layer 2 solutions. They discuss the efficiency of ZK-rollups and optimistic rollups, tackling high gas fees and scalability in Ethereum's ecosystem. The trio shares insights on the competitive dynamics between Layer 2 and Ethereum, the transformative potential of NFTs, and the exciting future developments of their platforms in revolutionizing decentralized finance.

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ANECDOTE

Synthetix and EOS

Justin Moses tried porting Synthetix to EOS for six weeks.
He found the EOS community unresponsive compared to Ethereum's.

INSIGHT

Ethereum's Developer Community

Ethereum's rich developer community and tooling are key advantages.
Optimism's easy Solidity porting makes it appealing for complex contracts.

INSIGHT

Decentralization

Robbie Ferguson values decentralization and user sovereignty.
He believes Ethereum is the only truly decentralized public blockchain.

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Guests: Justin Moses - CTO of Synthetix Robbie Ferguson - Co-Founder & President of Immutable Matt Finestone - Head of Business Development at Loopring

We discuss how these three voices in the crypto space have been integral in building successful DeFi products on the Ethereum mainnet. Listen in for a deep-dive into the different methods these protocols have taken to implement their apps on an Ethereum Layer 2.

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------ Topics Covered: 0:00 Intro 5:14 Loopring & ZK-Rollups 13:17 Immutable NFTs & ZK-Rollups 17:31 Synthetix & Optimistic Rollups 21:03 Why Ethereum? Why Rollups? 39:24 Layer 2 Efficacy/Roadmaps 1:01:25 Composability 1:18:22 L2 On-Ramps 1:27:52 Does L2 Compete w/ ETH? 1:34:47 Closing & Disclaimer

------ Relevant Links:

Synthetix https://synthetix.io/

Immutable https://www.immutable.com/

Loopring https://loopring.org/#/

An Incomplete Guide to Rollups (w/ Vitalik) https://youtu.be/wcCHlqgGSH4

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