Bell Curve

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.

The podcast covers topics such as the decline of 'friend tech', challenges faced by Ethereum and Cosmos, the ethics of technology, funding and talent in industries, desired qualities in a presidential candidate, US presidents' eye color, and Nvidia's impressive earnings and success in the AI boom.

Kyle Samani, Co-founder of Multicoin Capital, discusses the modular vs monolithic debate in crypto, bootstrapping communities, the value of composability and globally shared state, crypto's moats, and more!

Sam Kazemian, Founder of Frax Finance, joins hosts Mike and Myles on Bell Curve. They discuss FRAX's journey from decentralized stablecoin to Liquid Staking Tokens and Derivatives. Topics include algorithmic stability, decentralizing trust, DeFi domination, FRAX V2 decentralization, and Frax Chain vision.

In today’s episode, Mike and Michael discuss all things Stables and more! The guys kick things off with PayPal, discussing their PYUSD Stablecoin launch and what it means for the wider ecosystem and future Stablecoin market structure. We then take a closer look at Coinbase’s Q2 earnings, before touching on future Rollup value accrual. We then close with a Ripple update, Cantina (Web3’s security marketplace), the endgame for Stablecoins, and more!- -Timestamps:00:00) Introduction(02:21) PYUSD: PayPal stablecoin(07:10) Future Stablecoin Market Structure(11:04) Coinbase Update(24:12) Portnoy's Barstool Sports $1 Buy Back (25:43) Rollup Value Accrual(44:16) Ripple XRP Update(49:37) Web3 Security Marketplace: Cantina(54:43) News-to-price Incongruities(57:48) The Stablecoin Endgame- -Follow Michael: https://twitter.com/im_mandersonFollow Mike: https://twitter.com/MikeIppolito_Subscribe 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:PYUSD: PayPal stablecoin:https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusdCoinbase earnings:https://blockworks.co/news/crypto-stocks-stumble-earnings- -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 6In this episode of Bell Curve, Mike and Myles are joined by Aidan, co-founder of Stride labs, and Felix, the Godfather of Liquid Staking. Today they explore the nuances of Liquid Staking across the Cosmos & Ethereum ecosystems. They also dig into the relationship of liquid staking & professional validators, the liquid staking module user flow with NFTs, and solving the principle agent problem.--Timestamps:(00:00) Intro: Pre-Interview(02:02) “Permissionless Ad”(02:57) Interview Start: Felix & Aidan(04:04) The Godfather of Liquid Staking(08:15) Liquid Staking: A Force for Decentralization(12:27) LSTs Thriving in Eth First(16:44) Liquid Staking & Professional Validators(25:01) Decentralizing Eth Validator Set(37:45) Ossifying Ethereum Protocol(42:03) Minting Liquid Staking Tokens(51:50) Staking Module Risk Parameters(57:53) Principle Agent Mitigation(1:04:37) Liquid Staking Module User Flow(1:15:39) Recap: Post-Interview- -Follow Felix: https://twitter.com/FelixLtsFollow 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:Felix Liquid Staking Blog Posthttps://medium.com/chorus-one/delegation-vouchers-cfb511a29aacStride Labshttps://www.stride.zone/Jon Charbonneau "Endgame: Proof of Governance"https://dba.mirror.xyz/UTPfxWe65dYrUu_RJX-5VkAJypFRyw3AZh6m0dRXYZk- -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.

In today’s episode, Mike and Myles dive deep on Curve’s $70M exploit, deconstructing DEX design frameworks, and reviewing the wider ecosystem consequences of vulnerable chain infrastructure. We then move on to assess Coinbase's L2 'Base' launch and touch on meme coin of the week, BALD, hitting $100M+ market capitalization in under 48 hours! The guys also think through network effect accrual before discussing Barnabé Monnot’s PEPC, an enshrined protocol gadget, and close out on Coinbase’s optimistic Q2 Earnings!- -Timestamps:(00:00) Introduction(00:26) “Permissionless Ad”(01:22) Introduction(02:44) $70M Curve Exploit (07:43) DEX Architecture (20:41) Wider Ecosystem Consequences & Chain Design Learnings(23:46) Base Launch Review (25:49) Network Effect Accrual: Network Execution, Data Availability or Settlement Layer?(54:22) PEPC: Protocol-Enforced Proposer Commitments(1:13:42) Coinbase Q2 Earnings - -Follow Michael: https://twitter.com/im_mandersonFollow Myles: https://twitter.com/MylesOneil Subscribe 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:PEPC FAQ:https://efdn.notion.site/PEPC-FAQ-0787ba2f77e14efba771ff2d903d67e4?pvs=4Coinbase earnings:https://blockworks.co/news/crypto-stocks-stumble-earnings- -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 5In this episode of Bell Curve, Mike and Myles are joined by adcv, chef at Steakhouse Financial, and Vance, Bell Curve RU Host & Framework Ventures co-founder. Zooming out, the team dives into the business approaches for MakerDAO and Lido. They explore value accrual for both protocols, the strategic directions, business models, and their endgame.- -Timestamps:(00:00) Intro: Pre-Interview(01:46) “Permissionless Ad”(02:42) Interview Start: Adrian & Vance(04:11) Liquid Staking for the Layman(13:30) End Game for Maker DAO & Lido(24:13) Governance Over Processes (26:11) Liquid Staking as a Service(40:18) LST Indices(44:31) The Future of Staking Router (49:53) Revenue Growth for Lido(54:51) Lido Bribe Fee Model(1:04:54) Recap: Post-Interview- -Follow adcv: https://twitter.com/adcv_Follow Vance: https://twitter.com/pythianismFollow 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:Steakhouse Financialhttps://twitter.com/steakfiADCV Liquid Staking as Bankshttps://www.adcv.xyz/steth-is-the-decentralized-reserve-currency/- -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.

In today’s episode, the fellas take a wide view on the industry, starting with a review on Paris EthCC, Apps vs Infrastructure, and the future of interoperability standards. We also discuss the launch of Worldcoin, why it’s important and what problems it may present. The conversation then turns to AI, the future of Twitter, Crypto regulation, and 2024 Presidential nominees. Enjoy!- -Follow Jason: https://twitter.com/JasonYanowitzFollow Mike: https://twitter.com/MikeIppolito_Follow Michael: https://twitter.com/im_mandersonFollow Vance: https://twitter.com/pythianismSubscribe on YouTube: https://tinyurl.com/4fdhhb2jSubscribe on Apple: https://tinyurl.com/mv4frfv7Subscribe on Spotify: https://tinyurl.com/wbaypprwGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/- -Resources:Worldcoinhttps://worldcoin.org/home-- Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023-- (00:00) Introduction(02:52) Paris EthCC(08:41) Apps vs Infrastructure(13:32) Interoperability Standards(17:23) DeFi 1.0, Liquid Staking, Derivatives, Stablecoins, & Spot Exchange(19:52) Trading Bitcoin, Apple, & Snapchat & the Knowledge of Hindsight(23:19) Bridges as Inventory Solutions(30:03) Worldcoin Update(36:00) AI vs Worldcoin Proof-of-Personhood(39:11) AI’s Impact on COGS(44:17) Gen Z’s Demand for Private Channels(45:39) Future of Twitter/X(49:52 Crypto Regulation Update(59:16) 2024 Presidential Nominee Review—Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.