Fernando Martinelli, Co-founder of Balancer Protocol, dives into the evolution and innovation of automated market makers (AMMs) in DeFi. He discusses Balancer's unique features, including the shift to a developer-centric approach and the game-changing launch of Balancer V3. The conversation covers fungible vs non-fungible liquidity strategies, enhanced developer tools, and the innovative hooks for customizable AMMs. Martinelli also addresses MEV mitigation and how Balancer aims to protect users while scaling efficiently.