Proof of Coverage

In this episode, Connor, Sal, and Mahesh discussed the recent DePIN Summit and reflected on the highs and lows of the event. They talked about the importance of bringing the DePIN community together in person to foster collaboration and innovation and shared their experiences with recording the podcast in-person and the overall success of the Summit. We also touched on the feedback from other founders and investors on the SBC conference and how DePIN stands out with its focus on both infrastructure and applications. The hosts highlighted the energy and optimism present at the summit, especially in sectors like telecom and energy. Overall, the episode emphasized the importance of making noise about DePIN and the exciting developments within the community. The hosts expressed their enthusiasm for the future of DePIN and the growth potential of the sector. 00:00:00 - Intro 00:05:30 - Mahesh's Talk and Venue Atmosphere 00:10:34 - Highlights and Post-Summit Reflections 00:13:04 - Plans for Future DePIN Summits 00:16:22 - Ping Pong Tournament Recap 00:17:13 - Discussion on SBC Conference Criticism 00:20:17 - Focus on Telecom and Energy Sectors 00:21:46 - Watch the DePIN Summit Talks!! Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

In this episode, Connor and Mahesh are joined by Karam Lakshman, the founder of the Dabba Network, a wireless network project in India. Karam shared the journey of Dabba, starting from a software consulting company to the deployment of Wi-Fi hotspots across India. The unique model of decoupling hotspot ownership and deployment was highlighted, allowing for foreign investment and scalability. The founder discussed the competitive advantage of Dabba in terms of pricing and coverage compared to traditional telcos in India. The episode also touched upon the upcoming token launch for Dabba, following the buy and burn mechanic for data transfer usage. Overall, the episode provided insights into the innovative approach of Dabba in providing affordable and widespread connectivity in India. 00:00:00 - DePIN’s Expansion 00:05:30 - Global Networks and Deepin's Unique Approach 00:10:46 - Significance of Dreams and Personal Reflections 00:15:20 - India's Growing Wireless Networks 00:17:35 - Dabba’s Origin Story and Progress 00:23:44 - Considering the Helium SubDAO model 00:25:51 - Transition to Mainnet and Token Launch 00:29:08 - Location and Geography in DePIN Networks 00:31:22 - Helium’s Network of Networks Concept 00:34:02 - Supply and Deployment Model of Hotspots 00:37:44 - Demand Side and Data Usage 00:41:42 - Power of Community Assets in the DePIN Model 00:42:29 - Tokenomics Overview and TGE Plans Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

In this episode, Connor & Sal are joined by Jason from Daylight. They delve into the world of energy and blockchain technology with a focus on the Daylight Network. The conversation touched on various topics, including the concept of energy as a commodity, the challenges and opportunities in the energy industry, and the evolution of the Daylight Network from its inception to its current state. The discussion also explored the idea of peer-to-peer energy trading, the role of liquidity in decentralized networks, and the importance of separating governance and economic rights in protocols. Jason shared insights on the Medallions model, inspired by taxi medallions, as a way to simplify operational overhead and provide a fixed amount of energy capacity to users. Additionally, the conversation touched on the topic of fixed versus variable total token supplies and token inflation. Overall, the episode provided a deep dive into the intersection of energy, blockchain technology, and token economics, offering valuable insights and perspectives on the evolving landscape of decentralized networks. 00:00:00 - Introduction to Energy and Electricity Demand 00:01:01 - Discussion about DePIN Summit and Twitter Engagement 00:03:29 - Networking on Twitter 00:08:06 - Discussion on US Government Crypto Policy and Regulatory Changes 00:08:39 - Overview of Energy Industry and Future Infrastructure Needs 00:12:33 - Comparison of Wireless Industry and Decentralized Energy Movement 00:14:55 - Contribution of Flexible Energy Capacity and Energy-Backed Currency 00:15:34 - Discussion on Peer-to-Peer Energy and Market Structures 00:16:32 - Overview of Daylight Marketplace and Electrification Projects 00:22:38 - Evolution of React to Daylight, Bear Market Strategies, and Recent Funding 00:25:16 - Overview of Medallions Model and Separation of Governance and Economic Rights 00:30:23 - Helium Network and Sourceful HIP Discussion 00:35:16 - Insights on Sub-DAO Models and Token Economics 00:37:44 - Introduction to Medallions Model and Taxi Medallion Analogy 00:40:32 - Discussion on Medallions Model and Simplifying Operational Overhead 00:41:25 - Inflation Perspective and Token Economics for Daylight Network Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Kaledora Fontana Kiernan-Linn, Co-Founder of Ostium Labs, dives into the intersection of finance and innovative trading solutions. She discusses the flexibility of their trading model and how it leverages institutional liquidity. Kaledora illustrates the concept of 'perpification' and the unique noncustodial perp market for commodities. The conversation explores overcoming technical challenges to onboard real-world assets and the significance of swift decision-making in the startup ecosystem. Gain insights on how decentralized finance is reshaping trading strategies and user engagement.

Sal is joined by Tom Trowbridge, Co-Founder of Fluence Labs. Fluence’s DePIN platform frees developers from centralized clouds by offering natively decentralized, low cost, and verifiable compute. In today’s episode, we dive deep into the world of decentralized networks with real-world utility. We discuss the trade-offs of decentralization, share personal experiences transitioning into the crypto space, and explore the changing landscape of talent and innovation in the crypto industry. The conversation delves into Fluence's unique approach to attracting utility-focused compute providers to power a decentralized, fault- tolerant, low-cost cloudless computing platform. This episode is filled with valuable insights covering the benefits and challenges of decentralized governance in token economies. 00:00 - Balancing institutional background with entrepreneurial experience. 05:48 - Sal's crypto-interest sparked by the first dedicated Crypto VC funds in 2018. 11:30 - Fluence’s new-generation Aqua programming language for distributed systems. 19:00 - Approximating demand for FLT through CPU staking. 25:31 - Drawbacks against community-run governance and centralization. 38:05 - Governance-minimized DePIN protocols. 42:40 - Sal discusses decentralized energy projects he’s excited about. 49:57 - AI model training, e.g. Grass for text and Frodobots for robotics. 56:30 - Complex crypto network economics impact crypto cycles. Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

In this episode, Sal is joined by ZX and Sylvan from Parasail - the leading restaking protocol for DePIN. Parasail is the first restaking protocol to provide onchain economic guarantees for DePIN services, helping drive DePIN adoption and onchain revenues. Discover how they’re connecting established crypto assets with emerging DePIN services to backstop on-chain refunds and boost staking rewards. ZX and Sylvan discuss Parasail's origins in the Filecoin ecosystem and their vision for the future of decentralized infrastructure. Whether you're a crypto enthusiast, a DePIN founder, or just curious about web3, this episode provides an inside look into the bleeding edge of crypto-economic innovation. 0:00 - Using onchain crypto incentives to backstop offchain services. 5:19 - Decentralized storage and staking in the Filecoin ecosystem. 11:27 - DePIN restaking: leveraging BTC, ETH, and SOL for security. 20:04 - Insurance for decentralized protocols, customer acquisition strategies, and service quality. 28:40 - Lessons from decentralized finance (DeFi) and the potential risks of centralization in staking networks. 36:19 - Token delegation and future development ideas. Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Exploring the reinvention of energy markets, Abhay Kumar, Joey Hiller from Helium & Fredrik Ahlgren, Tobias Ohlsson from Srcful discuss decentralized energy grids, virtual power plants, economics of energy control, and expanding infrastructure networks. They delve into simplifying network participation, transitioning to renewable energy, utilizing Helium IoT gateways, and the challenges of entering new markets.

Connor and Sal are joined by guests Houman Shadab and Wyatt Benno from NovaNet. NovaNet is building an incentive and coordination network for zero knowledge proofs that run locally and leverage the latest advances in ZK technology. The group discusses the zk yin to blockchain’s yang, how ZK proofs compare to other trustless verification methods like TEEs and secure hardware elements, and most importantly, how ZK technology will play an important role in shaping the future of the DePIN industry. 00:00 - Discussion on Zero-Knowledge Proofs (ZKPs) and blockchain consensus, comparing on-chain vs. off-chain implementations. 04:16 - Exploration of the long history of ZKPs, their role in privacy, and verifiable computation. 07:48 - Appeal of ZKPs due to their verifiability, especially from a legal perspective. 10:56 - How blockchain technology ensures the verifiability of on-chain transactions. 16:23 - Introduction to an efficient folding scheme developed by a Microsoft researcher, known as Supernova. 19:18 - The concept of aggregating proofs for more efficient blockchain posting. 22:52 - Discussion on varying trust assumptions and the potential of soft enclaves. 25:44 - Incentivizing new proving schemes on NovaNet. 28:29 - Examination of multiple ZKP proving networks, each with its own limitations. 32:08 - Initial confusion about NFTs, which eventually turned into excitement. 34:27 - The potential applications of ZKPs in law and regulation. 37:42 - Anticipation of ongoing innovation in cryptocurrency and improvements in accessibility. Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Connor and Sal are joined by guests Boris Renski & Amir Haleem from Helium. The Helium project is a DePIN building wireless networks. From tackling the intricacies of the token structure to discussing strategies for increasing data flow over Helium mobile hotspots, this episode promises to be an insightful exploration of the latest developments in the crypto and telco industry. We’ll dissect the dynamics of decentralized network planning, the significance of user experience in network development, and the evolving landscape of data offload technologies. 00:00 Iggy Azalea's involvement in cryptocurrency 05:48 Marketing strategies for better penetration in the crypto sector 08:33 New security feature to prevent SIM swaps 11:22 Scammers targeting T-Mobile employees and related security concerns 15:19 Understanding and filtering data for the Mobile network 18:14 Network enhancements improving coverage and rewarding operators 21:53 Engineers' misplaced focus on user experience 25:05 The Helium team's innovative cellular network deployment 32:17 Critiques of the sub-DAO model and multi-token system 34:28 Original token ideas overlooked, voting system needs attention 37:38 Acknowledging model complexity and the need for community-driven changes 42:40 Boris’ wildest Helium community story Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Connor and Sal sit down with Harrison Hines of Fleek Network. Fleek is the lightning fast onchain cloud, powered by the Fleek Network, permissionless onchain cloud infrastructure, edge-optimized for performance. Harrison talks about what parts of Web2 infrastructure Fleek is solving, how they think about their GTM operations vs. technical operations in a Web3 world, how they deliver a highly performant network despite the need for higher verification than Web2 alternatives, and Fleek’s upcoming mainnet and token launches. 00:00 Welcome Harrison 00:58 What is Fleek? 05:31 What problems with how Web2 infrastructure works is Fleek solving? 12:30 How Fleek balances general purpose vs. customized use cases 17:17 Distinction between Fleek and the Fleek Network 26:53 How Fleek designs and distributes its commercial ops from its technical ops 34:43 How does Fleek balance the need for automated verification against high performance? 42:04 What use cases is Harrison excited about being built on Fleek? 49:44 Wen mainnet? Wen token? What functions will the token perform? 54:00 Lightning Round Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.