Bell Curve

The podcast discusses the return of token season in the crypto market, Solana's price explosion, and the debate on airdrop costs. They also explore Solana as an application platform and compare it to Ethereum. The podcast touches on fee structures, latency issues in decentralized exchanges, and the distinction between Bitcoin and Ethereum. Additionally, they analyze the economics of app chains and the relaxation of requirements.

Investor and researcher Jon Charbonneau discusses the adoption of SVM, rollups on Ethereum, the convergence of integrated and modular chains, the value of end-user verification, and the differences between Solana and Ethereum ecosystems. They also touch on writing about crypto and the importance of concise writing styles.

The hosts discuss potential catalysts for recent price action in crypto, including the end of the rate hiking cycle and recapitalization of degens. They analyze the LayerZero proposal controversy and dubious Hamas fundraising claims. The rise of professional guilds and service providers for blockchains is explored, along with the recent proposal for an Arbitrum Coalition. They also discuss biased media coverage, data availability in journalism, and the paradox of modern life.

Fiskantes and Matti from Zee Prime Capital discuss the rise of crypto's superapp, the Fappening Thesis, middleware investments, establishing moats, the future of Web3 social, and the impact of crypto on equality.

Blackrock CEO discusses potential unlocks of a Spot BTC ETF, sentiment shift in TradFi, NY AG suing Gemini over crypto fraud. Also talks about GBTC conversion, Uniswap Labs fee switch, and BlackRock CEO's recent commentary on Crypto as investors' flight to quality. They also touch on stablecoins as a conduit for regulation and the macro outlook.

In this episode, Xin Wan from Uniswap Labs and Robert Miller from Flashbots discuss Order Flow Auctions (OFAs), analyzing different designs, market structures, and the role of off-chain components. They explore the price impact of information availability, the use case of intents, and the potential of simplified cross-chain interoperability. The chapter descriptions cover topics such as MEV share auctions, Uniswap X protocol, private RPCs, Dutch auctions, and the differences between general and app-specific OFAs.

Kain Warwick, Founder of Synthetix and Infinex, discusses the rise of crypto's aggregators and the importance of permissionless frontends. Topics include: the shift from infrastructure to user experience, Synthetix's choice of Optimism, L2 liquidity fragmentation, multichain strategy, brand trust, crypto's new aggregators, L2 centralization, DAO innovation, and more.

This week Michael and Myles dive deep on all things Ethereum Enshrinement. The two kick things off with Credible Neutrality, reviewing centralization risks vs overloads governance. The guys then go on to discuss user experience as the guiding uniting principle and look at the gradation of protocol proximity; what should and should not be enshrined and why. We then challenge and defend the varying beliefs around Ethereum as ‘money’, before going on to hit on protocol engagement vs abstraction, issuance as a network cost, the Stride/Cosmos Hub merger update, and more. Enjoy!- -Timestamps:(00:00) Introduction(01:00) Enshrinement: Opening Thoughts(02:5) Credible Neutrality: Private Market Analogy (07:25) Enshrinement’s Uniting Principle: Good User Experience(08:17) Protocol Proximity(21:33) Ethereum: Money?(28:24) Engagement vs Abstraction(40:51) Issuance: Network Cost?(45:14) Money vs Commodity (58:04) Stride/Cosmos Hub Merger Update(1:16:17) Community Alignment - -Follow Mike: https://twitter.com/MikeIppolito_Follow Myles: https://twitter.com/MylesOneilSubscribe on YouTube: https://bit.ly/3R1D1D9Subscribe on Apple: https://apple.co/3pQTfmDSubscribe on Spotify: https://spoti.fi/3cpKZXH--Research, news, data, governance and models – now, all in one place. As a listener of Bell Curve, you can use code "BELLCURVE10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/- -Resources:Vitalik Buterin: Should Ethereum be okay with enshrining more things in the protocol?https://vitalik.eth.limo/general/2023/09/30/enshrinement.htmlStride: The Enshrined LST Protocol for Cosmos Hub?https://blockworks.co/news/stride-merge-cosmos-hub-network- -Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Eugene Chen, co-founder of Ellipsis Labs, and Doug Colkitt, co-founder of Crocodile Labs, discuss the evolving world of onchain trading and DEX designs, exploring factors like gas costs, latency, and modular "hooks". They debate the advantages of taking DEX components offchain and discuss the end game of DEX design.

Sam Bankman-Fried, founder of FTX, discusses the SBF trial, Vitalik's proposal on enshrinement, Stride as the LST protocol for Cosmos Hub, ETH Futures, XRP win vs the SEC, and the macro outlook on US Yields. The podcast also covers the inaccuracies of a book on FTX, the ongoing trial's questions, the recovery of stolen crypto, risks of centralization, and the state of the US economy.