The dYdX Appchain Vision: One of Crypto's Boldest Bets | Antonio Juliano
Lightspeed
Shownotes Transcript
Antonio Juliano, the founder of dYdX, joins us to discuss why dYdX is launching an appchain. dYdX has over $1T in exchange volume, 50%+ market share of onchain perps market, and is one of the few crypto products that's found a semblance of product-market fit. Despite this, dYdX is moving from Starkware (an Ethereum L2) to a Cosmos-based appchain, officially launching this month! In this episode, we cover why dYdX is launching an appchain, finding product-market fit, decentralization vs immutability, branding and distribution, why Antonio is now against horizontal integration and more!
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Timestamps
(00:00) introduction
(00:57) dYdX: Crypto’s Leading Perpetuals Exchange
(04:50) Why dYdX is Launching an Appchain
(17:07) Choosing the Right Tech Stack
(20:59) The L2 Landscape
(24:52) Jito Midroll
(25:57) Does Cosmos Have to Succeed for dYdX to Succeed?
(28:51) Decentralization and Immutability
(33:24) Why Should People Care About DeFi?
(39:10) The User-Generated Value Thesis
(43:55) What Antonio Has Learned as a Crypto Founder
(49:29) Committees Can't Make Big Bold Decisions
(55:30) Discovery and Branding
(57:09) Horizontal vs Vertical Integration
(01:01:13) Rapid Fire
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Resources
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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, Garrett and our guests may hold positions in the companies, funds, or projects discussed.