Bell Curve

Season 6 | Episode 2In this season's first guest interview we dive into the world of LVR. We are joined by Alex and Jason to unpack key elements of LVR including what it is, mitigation methods including auctions and dynamic fees, and why solving LVR is important. They discuss what 3 sources of information are key to understanding LVR and explore the impacts of transferring wealth from token stakers to LPs.- -Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter. Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve  - -Timestamps:(00:00) Intro(01:18) Main Interview Start: Alex & Jason(01:31) What is LVR?(07:56) 3 Sources of Information(11:12) “Maverick Ad”(12:27) 3 Sources of Information(13:31) Mitigating LVR Methods(25:40) Dynamic Fees(38:50) Discriminating Types of Traders(48:11) Auctions for Mitigating LVR(52:49) Transferring Wealth to LPs(56:57) Why is LVR Important?(1:02:05) Outro- -Follow Dan: https://twitter.com/danrobinsonFollow Mike: https://twitter.com/MikeIppolito_Follow Alex: https://twitter.com/0x94305Follow Jason: https://twitter.com/jason_of_csSubscribe on YouTube: https://bit.ly/3R1D1D9Subscribe on Apple: https://apple.co/3pQTfmDSubscribe on Spotify: https://spoti.fi/3cpKZXH- -Resources:Automated Market Making and Loss-Versus-Rebalancing (Jason Paper)https://arxiv.org/abs/2208.06046How Discount Brokerages Make Money by Patrick McKenziehttps://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/- -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.

This podcast covers topics such as the regulation win for Coinbase, the Binance meltdown, Rollups-as-a-Service, Pudgy Penguins, the SEC/Crypto relationship saga, ETH Futures ETFs, the Celestia (TIA) Airdrop, and platform risk shift.

Dan Robinson, General Partner and Head of Research at Paradigm, joins as co-host to dive deep into DEX designs. They discuss Uniswap's origin story, V4 design, intent-based architecture, retail and market makers, and scaling strategies. Topics also include mitigating LVR, impact of gas constraints, and balancing the needs of swappers and liquidity providers in the DEX ecosystem.

In this podcast, the hosts discuss 'roll-ups-as-a-Service', the impacts of Celestia on ETH price, forward-looking bull market activity, EigenLayer's future Yield Role, the transition to Liquid Staking, MakerDAO's ongoing interest, and the ongoing debate around IPO vs. Direct Listing.

Nick White, COO of Celestia, and Neel Somani, founder of Eclipse, discuss the tradeoffs of modular vs integrated blockchains. They cover topics such as the modular thesis, bringing the SVM to Ethereum, hidden costs of modularity, centralized sequencers and L2s, where value will accrue, and more!

Keone Hon and Kevin G discuss how Monad is scaling the EVM by building an L1 that leverages the EVM with new optimizations. Topics include Monad's EVM optimizations, the blockchain trilemma, launching a new L1, modular vs integrated, L1 fees and tokenomics, and the importance of community.

The podcast discusses the resurgence of DeFi 1.0 and the inclusion of ETH collateral and decentralized governance. They explore the evolution of DeFi protocols and the importance of security. The analysis of different DeFi protocols highlights skyrocketing fees and the need for sustainable fees. They also discuss the expansion of multi chains and the challenges of interoperability. The integration of stablecoin settlement to Solana is explored, along with the role of Visa. Socket's role in enhancing communication between blockchains and the pursuit of an ETH spot ETF are also discussed.

This season 5 finale of the podcast delves into Liquid Staking, discussing market structure, social scaling, and self-limiting. Topics include permissionless promotion, curation vs permissionless, Lido governance role, and the future of liquid re-staking. The hosts also explore co-opetition, MEV, and the challenges and future of Ethereum. Other chapters cover training wheels in blockchain design, technical breakthroughs and challenges in liquid staking, approaches to liquid staking tokens, and the differences between Solana and Cosmo.

In this week’s episode, the gang is back together. Michael’s 1 and 2, Jason, and Vance dive straight in to discuss the Grayscale Spot Bitcoin ETF Ruling. The guys then review where we are in the crypto cycle, and touch on Uniswap’s lawsuit dismissal and StarkWare’s wallet plunder. The fellas finish out on a ‘Hot Takes’ segment, where the guys get spicy on macro!- -Timestamps:(00:00) Introduction(00:35) Grayscale Spot Bitcoin ETF Ruling(06:04) “Permissionless Promotion”(06:57) Greyscale Spot Bitcoin ETF Ruling(29:44) Cryptos Cyclical Framework(33:14) Uniswap Lawsuit Dismissal(40:26) Dianne Feinstein Lawsuit(41:36) StarkWare Wallet Fiasco(46:26) Hot Takes Segment- -Follow Mike: https://twitter.com/MikeIppolito_Follow Jason: https://twitter.com/JasonYanowitzFollow Vance: https://twitter.com/pythianismFollow Michael: https://twitter.com/im_mandersonSubscribe 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/--Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin:https://blockworks.co/event/permissionless-2023- -Resources:Grayscale Ruling:https://blockworks.co/news/grayscale-sec-spot-bitcoin-etfUniswap Lawsuit Dismissal:https://blockworks.co/news/uniswap-class-action-dismissed- -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.

Season 5 | Episode 8In this week's episode of Bell Curve, we are joined by Lucas Bruder, Founder of Jito Sol, and Xavier, Chief Investment Officer of Chorus One, two key builders in the Solana ecosystem. The conversation delves into the complexities of staking in Solana versus Ethereum, exploring different validator revenue models and the growth trajectory of liquid staking on Solana. They discuss JitoSOL's unique yield advantages, native token design impacts on staking, delegation strategies, and the potential of capturing MEV value.- -Timestamps:(00:00) Intro: Pre-Interview(02:02 “Permissionless Ad”(02:57) Interview Start: Lucas & Xavier(03:52) Solana VS Eth Liquid Staking(14:54) Validator Revenue Models(22:14) Solana Liquid Staking Growth(35:02) Impacts of Native Token Design(40:55) Solana LST Delegation Strategies(51:29) JitoSOL Yield Advantage(1:02:52) Capturing MEV Value(1:08:23) State of Solana DeFi(1:11:41) Recap: Post-Interview- -Follow Lucas: https://twitter.com/buffalu__Follow Xavier: https://twitter.com/0xave?lang=enFollow Aidan: https://twitter.com/aidan0xFollow Myles: https://twitter.com/MylesOneilFollow Mike: https://twitter.com/MikeIppolito_Subscribe on YouTube: https://bit.ly/3R1D1D9Subscribe on Apple: https://apple.co/3pQTfmDSubscribe on Spotify: https://spoti.fi/3cpKZXH- -Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023- -Resources:Chorus One Validator Economicshttps://medium.com/chorus-one/exploring-validator-economics-on-solana-cb1498a3aef6How POS Networks Nurture Decentralization by Felix Lhttps://chorus.one/articles/how-can-proof-of-stake-networks-nurture-decentralization- -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.