The Delphi Podcast

Robert Leshner, founder of Compound and SuperState, shares SuperState's strategy to tokenize real-world assets like US Treasuries. He discusses the slow adoption of asset tokenization, the benefits of bringing real-world assets on-chain, and the institutional investor-focused approach of SuperState. Robert also provides insights on the current DeFi landscape and what he looks for when investing in early-stage founders.

Chris Burniske, partner at Placeholder VC, discusses their evolving philosophy on investing in crypto networks. He talks about building founder relationships, managing liquidity, evaluating growth vs. value, and the transition from Ethereum to Solana. The conversation also explores different strategies for value accrual, compares Solana and Ethereum, and discusses the psychology of investing in cryptocurrency.

Co-founders of Offchain Labs, Ed Felten and Steven Goldfeder take us back to 2014, when a classroom idea sparked their vision for scaling before Ethereum even launched. Learn why they believe interactive fraud proofs provide unparalleled security guarantees compared to ZK-rollups, and dive into how these fraud proofs technically work. Gain valuable perspective from Felten and Goldfeder on the flaws plaguing zero knowledge proofs and the overly optimistic claims made about their capabilities. Whether you're a developer evaluating layer 2s or an investor tracking the scaling wars, don't miss these insights from pioneers in the space who've been thinking about these problems longer than almost anyone else. Socials ⁠Steven's Twitter⁠ ⁠Ed’s Twitter⁠ ⁠Tommy’s Twitter⁠ Follow Delphi Digital Website: ⁠⁠⁠https://members.delphidigital.io/home⁠⁠⁠ Twitter: ⁠⁠⁠https://twitter.com/Delphi_Digital⁠⁠⁠ Youtube: ⁠⁠⁠https://www.youtube.com/@Delphi_Digital⁠⁠ Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠⁠here⁠⁠⁠. Keywords Ethereum, Scaling, Layer 2, Rollups, Arbitrum, Optimistic rollups, ZK rollups, ZK Proofs, Fraud proofs, Decentralization, Sequencer, Proof Systems, Ethereum Future, Web3 Scaling, Cryptocurrency, Blockchain, Crypto exchange, Digital assets, Decentralization, Crypto regulation, Crypto investing, Web3, Metaverse, NFTs, DeFi, Cryptocurrency adoption, Future of money, Financial freedom

Eli Ben-Sasson, Co-founder of StarkWare, discusses scaling Ethereum with ZK proofs and validity rollups. Topics include: ZK-VMs vs ZK-EVMs, computational integrity, on-chain gaming, decentralizing the sequencer, quantum-resistant proof systems.

Antonio Juliano, founder of dYdX, discusses their goal to build the largest crypto exchange through decentralization and derivatives trading. They explore dYdX's Cosmos-based blockchain, decentralizing frontends, reducing MEV, leveraging order books over AMMs, and competition from centralized and decentralized exchanges. Antonio shares his views on app chains and blockchain platforms, making for an insightful conversation about dYdX's technology decisions and product roadmap.

Christopher Goes, co-founder of Anoma and Nomad, joins Tommy and Can to discuss how he envisions intents becoming the primary interface for blockchain applications. They explore how Anoma is building an architecture focused on user intents, rather than transactions, and how this enables greater composability, privacy, and flexibility. Chris provides his unique insight on the evolution of privacy, comparing privacy as an asset, service, and eventually default. They also discuss mechanics of intent pools, liberating users from centralized solvers, and the importance of fungible trust relationships. Show Notes Anoma Socials Christopher’s Twitter Can’s Twitter Tommy’s Twitter Follow Delphi Digital Website: ⁠⁠https://members.delphidigital.io/home⁠⁠ Twitter: ⁠⁠https://twitter.com/Delphi_Digital⁠⁠ Youtube: ⁠⁠https://www.youtube.com/@Delphi_Digital⁠ Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠here⁠⁠. Keywords Intents, User Intents, Intent-Centric Architecture, Intent Pools, Intent Composability, Counterparty Discovery, Privacy by Default, Privacy as an Asset, Privacy as a Service, Privacy as Default, Zero-Knowledge Proofs, Trust Networks, Reputation Systems, Sybil Resistance, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Liquidity Fragmentation, Transaction Fees, Miner Extractable Value (MEV), Front Running, Censorship Resistance, Permissionless Systems, Surveillance Capitalism, Anoma, Nomad, Christopher Goes, Cryptocurrency, Bitcoin, Ethereum, Blockchain, Crypto exchange, Digital assets, Decentralization, Crypto regulation, Crypto investing, Web3, Metaverse, NFTs, DeFi, Cryptocurrency adoption, Future of money, Financial freedom

In this episode Tommy is joined by Travis Kling, founder of Ikigai Asset Management, he discusses his investigation into Binance. Travis breaks down the timeline of events at Binance over the past year, including large BTC transfers, executives leaving, and getting banned in multiple countries. He also explains why he believes there could be a liability mismatch and "hole" in Binance's balance sheet, similar to what happened with FTX, and how this could impact the chances of a Bitcoin spot ETF approval. Despite his own painful experience with FTX, Travis shares an inspiring message of perseverance and purpose. Are your funds really SAFU? Tune in to find out. Show Notes Travis Kling Tweet on Binance Events CFTC Binance Action SEC Binance Charge DOJ and Binance Article Socials Travis Kling’s Twitter Tommy’s Twitter Follow Delphi Digital Website: ⁠⁠https://members.delphidigital.io/home⁠⁠ Twitter: ⁠⁠https://twitter.com/Delphi_Digital⁠⁠ Youtube: ⁠⁠https://www.youtube.com/@Delphi_Digital⁠ Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠here⁠⁠. Keywords Binance, CZ, Changpeng Zhao, FTX, Bitcoin, Spot ETF, Allegations, Proof of reserves, Travis Kling, Ikigai Asset Management, Perseverance, Binance, CZ, Changpeng Zhao, FTX, Bitcoin, Spot ETF, Allegations, Proof of reserves, Travis Kling, Ikigai Asset Management, Perseverance, Cryptocurrency, Bitcoin, Ethereum, Blockchain, Crypto exchange, Digital assets, Decentralization, Crypto regulation, Crypto investing, Web3, Metaverse, NFTs, DeFi, Cryptocurrency adoption, Future of money, Financial freedom

Jose, Yan, and Duncan discuss friend(.tech) and Coinbase's new L2. They explore the craze of friend(.tech), its workings, and potential benefits. The speakers also talk about Coinbase's new L2 and share views on ETFs, liquidity, and the markets.

Kyle Samani and Nick White debate the future of blockchain infrastructure, discussing the advantages of integrated platforms like Solana and Aptos versus the flexibility of modular networks like Celestia. They explore topics such as scalability, verification, composability, and the long-term architecture for blockchains. This stimulating discussion provides insight into two schools of thought on blockchain design and its implications for the future of crypto and Web3.

In this episode, Tommy speaks with James Seyffart, Scott Johnsson, and Hal Press about the latest developments in the long-running saga to get Bitcoin and Ethereum exchange-traded funds (ETFs) approved by the SEC. They discuss the current filings from major players like Grayscale, BlackRock, and ARK Invest, provide analysis on Grayscale's lawsuit against the SEC, and debate the timeline and likelihood of approval. The experts also examine the potential market impact and discuss how an ETH futures ETF approval could pave the way for a spot Bitcoin ETF. Will the SEC finally approve these products? How would it impact crypto adoption? Tune in for this wide-ranging discussion on the nuances of ETF filings, SEC reasoning, and the uncertain road ahead. As a disclosure the host Tommy currently holds ETHE. Socials ⁠James Seyffart's Twitter Scott Johnsson's Twitter Hal Press's Twitter ⁠Tommy’s Twitter⁠ Follow Delphi Digital Website: ⁠⁠⁠https://members.delphidigital.io/home⁠⁠⁠ Twitter: ⁠⁠⁠https://twitter.com/Delphi_Digital⁠⁠⁠ Youtube: ⁠⁠⁠https://www.youtube.com/@Delphi_Digital⁠⁠ Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠⁠here⁠⁠⁠. Keywords  bitcoin ETF, ethereum ETF, SEC approval, crypto ETF, grayscale bitcoin trust, GBTC, ethereum grayscale trust, bitcoin futures ETF, ethereum futures ETF, spot bitcoin ETF, SEC regulation, crypto regulation, bitcoin adoption, institutional crypto adoption, bitcoin price impact, crypto investing, bitcoin investing, bitcoin IRA, bitcoin in brokerage account, grayscale vs SEC, gensler bitcoin, crypto ETF race, winklevoss ETF, Barry Silbert, digital asset investing, bitcoin institutional adoption, bitcoin mainstream adoption, bitcoin passive investing