Solving Crypto's Oracle Problem | Chris Hermida & Mitch Gildenberg
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This week, Chris Hermida & Mitch Gildenberg Co-Founders at Switchboard join the show for a discussion on how they're helping scale crypto's oracle infrastructure network. We deep dive into the origin story behind Switchboard, their V3 rollout, speed & latency, todays oracle use cases, lessons learned from the Mango exploit in 2022 and more!

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Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity DeFi, consumer facing applications, and more generally allow crypto to scale to the masses.

If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad.

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(00:00) Introduction

(01:24) The Origin Story Behind Switchboard

(04:57) Solving Crypto's Oracle Problem

(09:34) Access Protocol Ad

(10:22) Monad Ad

(11:17) Takeaways From The 2022 Mango Exploit

(17:44) Lending Markets & Liquid Staking

(21:46) Switchboard V3

(25:01) Oracle Speed & Latency

(29:59) Oracle Use Cases

(32:09) Permissionless Oracles

(36:54) Oracle Randomness

(40:40) Switchboard Oracle Network

(42:14) Oracle Decentralization

(51:17) Final Thoughts

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed 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. Mert, Dan and our guests may hold positions in the companies, funds, or projects discussed.