The Gwart Show | Bitcoin Tech & Culture

Ludwig Thouvenin from Sorella discusses Ethereum MEV, Uniswap V4, and the launch of Brontes, an open-source MEV dashboard. He explores the complexities of DeFi liquidity, arbitrage strategies, and the future of Ethereum's protocol design, offering insights into the challenges and opportunities in the evolving crypto landscape.Follow our guest on Twitter: @SorellaLabs @0xvanbeethovenLink to the dashboard: https://t.co/tylzKFdetM00:00 Start00:57 What is Sorella?03:38 Types of MEV06:31 Confidence of MEV identification11:28 Assumption & discoveries19:10 Cross-chain MEV22:08 Large firm advantages24:41 Trading vs arbitraging26:26 Big builder landscape29:43 MEV accelerationist views?33:58 Private order flow35:18 Should users know about order flow?37:38 Angstrom DEX41:12 Uniswap 3 vs 442:52 Why doesn't Uniswap have this functionality?45:22 Why a hook, not an app?48:51 System architecture50:00 Slashing & node count50:45 Uniswap LPs, WTF?57:45 Permissionless capital formation1:00:43 Protocol design1:06:41 Foreseeable hazards1:10:21 Ethereum roadmap optimism👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Gabe Shapiro, crypto lawyer and co-founder of MetaLeX Labs, joins The Gwart Show to discuss DeFi regulation, tokenized securities, and the future of crypto under Trump or Kamala.Follow our guest on Twitter: @lex_nodeChapters00:00 Start00:42 Gabe's background01:21 MetaLeX & Borgs04:16 Problems with DAOs09:40 Foundations vs corporations in DAOs15:03 Well run DAO examples18:06 The risks of tokens + equity21:53 Regulating conflicts of interest24:12 What don't lawyers understand?27:21 Liquid staking tokens30:39 Legalities of MEV36:25 Changing rules43:25 Governance attack vs code exploit48:19 People are the DAO attack vector54:41 Legal risks of single sequencers55:20 WTF is a tokenized security?59:50 Bearer asset laws1:02:46 Crypto corp structures1:07:51 World Liberty Financial1:09:54 Trump vs Harris crypto regulation1:14:37 Regulation = good? umm..1:18:50 Stablecoins1:21:50 Does USDC now control ETH roadmap?👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you short real life? That’s the idea behind Futarchy. By applying financial logic and smart contracts to ordinary life, you can create prediction markets that help people create better decisions. Today Proph3t of MetaDAO joins the Gwart show to discuss what Futarchy is, how it relates to DAO governance for projects like DeFi, where the tokens are at and if traditional entrepreneurs could thrive in a world where DAOs run the ship.Follow our guest on Twitter:  @metaproph3tTimestamps:00:00 Start00:50 Profit's background01:51 What is futarchy?02:22 Problems with DeFi governance03:02 What projects need governance?06:14 How does MetaDAO work?07:25 Markets vs voting09:14 What issues should be decided by futarchy?11:15 Why markets know best?16:20 Would Steve Jobs survive futarchy?17:13 Does futarchy fix bad management?20:34 Are DAOs companies?22:09 Does futarchy always lead to NGU?23:00 What is the Meta token?24:26 Recent MetaDAO proposals25:54 $250k bet on recent proposal28:30 Why build on Solana?29:59 Solana culture31:19 Examples of novel ideas34:02 Professional DAOs37:21 Forking vs voting40:12 Open source protocols vs DOAs41:56 Tokens, tokens, everywhere47:58 Shareholder rights?51:28 It's all prediction markets55:01 Prediction markets a threat to democracy?58:38 Variables in social welfare👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! Today we tackle the hard problem of scaling with Rollups, among other conversations. We’re re-joinbed by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin, and Shinobi, an out-spoken Bitcoiner and technical editor at Bitcoin Magazine. Follow our guest on Twitter: @marediashehzan @brian_trollzTimestamps:00:00 Start02:12 L2s on Bitcoin05:10 Do fees & speed effect payment adoption?06:26 Why does lightning suck?11:06 Lightning failed experiment?12:21 Taproot assets on Lightning15:59 Should stablecoins be on L1?19:28 Stables are #1 use case21:12 Roll ups27:51 Why are devs interested in roll ups?30:27 What roll ups are ready today?36:26 Liquidity problems?37:49 Other roll up limitations?38:41 Roll up use case?41:04 Are roll ups just a sneaky block size increase?44:19 One roll up to rule them all45:41 Do roll ups scale execution on BTC?47:14 Single sequencer risk50:12 Is Lightning "connective tissue"?51:19 Unilateral exit in roll ups53:09 Upgrades in roll ups57:07 CATVM1:00:18 New OP codes & scaling1:06:58 Why will BTC expressivity be useful1:08:19 VC backed projects pushing new OP codes1:10:08 What is ARK?1:14:47 MEV on Bitcoin1:21:49 What roll ups will cause problems?1:23:46 What roll ups have traction?1:27:40 Are covenants on a deadline?1:29:16 What's interesting right now?1:30:12 The possibilities of eCash1:32:49 Is Austrian Economics dumb?👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! Today we are joined by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin. While most people think of Bitcoin as a dumb rock, the Lava team led by Shehzan is working on a novel solution to natively lend and borrow (while maintaining self-custody but we’ll let him explain that) on Bitcoin. Lava uses Discreet Log Contracts (DCLs) to thread the needle of both permissionless capital via DeFi markets and Bitcoin self-sovereignty via self-custody.Timestamps:00:00 Start00:56 Who is Shehzan?01:29 Why no BTC lending yet?02:29 What are DLCs?04:19 Lava vs other lending protocols05:30 P2P loans complications06:59 Deposit & loan process09:20 Privacy implications11:32 Wrapped BTC12:44 User risk profile14:57 Fixed rate loans17:53 Who are the lenders?18:19 Oracles19:42 Choosing oracles20:49 Rates22:11 Loan durations23:13 Target user25:33 Other chains?27:21 Solana outages28:41 Other DLC uses30:13 Building in Bitcoin experience32:19 Lightning33:06 Lack of BTC spending35:07 Bitcoin's monetary properties37:48 Wrapped BTC and custodians41:45 Bitcoin scaling43:45 OP Codes46:42 Not enough core devs47:58 Stablecoins51:50 Tokenized assets53:08 Solana vibesFollow our host: @gwartygwartFollow our guest on Twitter: @marediashehzan👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! Uri Klarman, known for his BloxRoute private mempool company, joins Gwart to discuss the future of MEV on Ethereum and Solana. Uri goes through ther Ethereum block builder journey, why public mempool’s are a problem in today’s on-chain economy, and his many (and we mean many) attempts to address MEV or miner malfeasance through token schemes. Timestamps:00:00 Start00:44 Uri's background01:28 Blocksroute05:52 ETH block building11:44 DeFi vs CeFi15:55 Can Defi compete w/ Centralization?19:53 Block builders stealing fees21:39 Bye bye mempool23:52 Solutions for MEV29:10 Bitcoin miners chase profit, always!32:25 Incentives promote MEV on ETH33:38 Multiple concurrent proposers45:46 Palidin1:01:26 Why PAL token?1:11:33 SOL delegated stake1:12:05 Why not RPC?1:13:18 PAL token liquidity1:16:04 Slashing by consensus1:19:59 ETH gas limit token1:24:39 SOL staking future?1:29:53 Mining OREFollow our host: @gwartygwartFollow our guest on Twitter: @uriklarman👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! We are joined by the 4th most important Taproot Wizard, Udi Wertheimer, to discuss, well, male pattern baldness. We also dive into the wizards roadmap (not just JPEGS) like CATVM, the use-cases for L2s, how blockspace doesn’t solve blockspace issues and why ETH Maxis just keep losing.If you are enjoying the show, please subscribe to our email list for notifications when the podcast comes out, transcripts and more.Timestamps:00:00 Start00:54 Taproot Wizards update01:39 Technical roadblocks03:34 What new tech should Bitcoin have?05:36 Are DeGens our saviors?10:05 Lack of product market fit for crypto tech11:55 SOL Degen = BTC Maxi?14:59 Is DeFi interesting at all?18:11 CATVM20:46 Vision for CATVM23:39 Where are the L2 use cases?27:12 ETH roll up roadmap31:02 Can't scale blockspace w/ more blockspace33:33 CATVM does NOT solve scaling36:36 On chain lending?40:30 BITVM43:15 VCs backing BITVM46:03 Are tokens NOT terrible?51:41 ETH maxis suck at predicting the future1:00:17 Where are we at in 5 years?Follow our host: @gwartygwartFollow our guest on Twitter: @udiWertheimer👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Mert, the CEO of Helius and a co-host of a BlockWorks podcast, dives deep into Solana's ecosystem. He discusses innovative concepts like state compression and the Fire Dancer project. Mert also addresses miner extractable value (MEV) and its implications for blockchain economies. The conversation touches on the competitive landscape between Ethereum and Solana, exploring if Solana could become the NASDAQ of on-chain platforms. Finally, he examines the balance of centralization in stake-weighted Quality-of-Service systems, raising critical questions about the future of blockchain architecture.

Welcome back to The Gwart Show! We’re re-joined by Max Resnick (@MaxResnick1) of the Special Mechanisms Group (@specialmech) to discuss Ethereum's potential shift towards faster block times and multi-proposer systems. He explores the implications for L2s, MEV, and market structure. The conversation covers Ethereum's comp21etitiveness with Solana, the future of DeFi, and the challenges of centralization in crypto.Timestamps:00:00 Start01:06 Matt's background02:47 ETH vibes right now04:39 Consensus around new EIPs09:47 Node burdens13:22 What about the L2 roadmap16:47 Did ETH just rug L2s?18:11 The future of roll ups21:25 Is Base extracting value from users?24:25 What is the multi-proposer?25:39 Community response27:12 Outcompeted by Solana29:50 Who doesn't agree?30:43 Changes for block builders32:21 What does ETH Foundation think?33:01 Benefits of 2 sec block times?35:15 Trading back to L1?37:11 L1 value = MEV available40:42 Yield APR & loan APR converge?41:45 Is the end game 100% staked ETH?44:56 Moral judgements leading development45:47 Restaking48:14 Why does ETH win against Solana?52:06 Infrastructure vs apps54:01 What apps are unlocks54:44 Stablecoin chokepoints1:01:12 MEV on Solana1:06:50 Future of AMMs1:07:12 Trusted execution environments1:09:56 SUAVE1:11:57 Service provider adoption of EIPsFollow our host: @gwartygwartFollow our guest on Twitter: @MaxResnick1👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! Today we’re joined by Bitcoin bull and on-chain analyst Checkmate to discuss Bitcoin's market dynamics, mining economics, and market outlook given the bear victory laps on the timeline. He shares thoughts on on-chain analysis, altcoin markets, ETFs, and the role of Bitcoin in the global financial system, offering a bullish perspective on its long-term potential.Timestamps:00:00 Start00:53 Checkmate intro04:07 Checkmate charting product07:29 Who's the customer?10:37 Current market outlook14:49 Why's everyone bearish?19:03 Different this time?23:46 Institutional interest28:14 Bitcoin development34:39 Bitcoin's future39:40 Actually useful indicators45:27 On-chain metrics49:12 nation-state adoption54:52 Miners holding BTC1:04:28 BTC ETFs1:08:55 ETH ETFFollow our guest on Twitter: @Rob1HamFollow our host: @gwartygwart👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices