Lightspeed Solana DeFi Summer Is Coming | Sang Kim
Sep 2, 2025
Sang Kim, Co-founder of Fragmetric and a key player in the Solana DeFi ecosystem, shares insights on the future of decentralized finance. He explains the innovative liquid restaking protocol and its components, as well as the potential of decentralized autonomous tokens (DATs) to reshape yield generation. Sang also discusses crypto culture in Korea, the phenomenon of the 'kimchi premium,' and how local dynamics differ from the U.S. market. He offers a glimpse into upcoming innovations, including yield-bearing stablecoins to enhance user experience.
AI Snips
Chapters
Transcript
Episode notes
White Tiger Mascot Boosted Community
- Sang adopted a white tiger mascot inspired by Korean culture and community response.
- The costume helped marketing moments like Solana Crossroads and a Nasdaq bell event.
Tip Router Makes Solana Restaking Viable
- Sang argues Solana restaking has stronger yield sources because of Jito's Tip Router MEV flows.
- He believes permissionless Tip Router and concentrated MEV make Solana restaking more viable than Eigenlayer today.
Novel Token Distribution For NCN Rewards
- Fragmetric captures NCN/AVS rewards (like Switchboard) by delegating to node operators and rebalancing by correctness.
- They avoid immediate token sell-offs by using token-2022 transfer hooks to record holdings for later distribution.