The team is back, this week the boys kick things off with Coin Telegraph’s reporting blunder on the Spot BTC ETF that resulted in a BTC price surge of over 8%. We then take stock of TradFi’s potential sentiment shift, New York AG Letitia James suing Gemini, Genesis, and DCG over alleged $1.1bn crypto fraud, and the potential ramifications if GBTC is unable to convert. We then go on to discuss potential unlocks of a Spot BTC ETF, where we’re at with the Alt market, the recent Uniswap Labs fee switch news, as well as BlackRock CEO Larry Fink’s recent commentary on Crypto. The boys close on regulation and take stock of Macro. Enjoy!
- -
Timestamps:
(00:00) Introduction
(00:34) Coin Telegraph: SEC iShares Spot BTC ETF Approval Misreport
(02:39) This Week in Media
(04:49) Coin Telegraph: SEC iShares Spot BTC ETF Approval Misreport
(07:09) TradFi: Significant Shift in Crypto Sentiment?
(18:33) AG Letitia James Sues Gemini, Genesis, and DCG for Defrauding Investors
(25:12) GBTC: Potential Consequences of Inability to Convert
(27:42) Will a Spot BTC ETF Act as a Catalyst?
(36:50) 2019 Cycle Review
(40:38) Alt Market Value Unlocks 
(41:21) Uniswap Labs Fee Switch
(44:31) Institutional Adoption: BlackRock CEO Larry Fink, BTC and Crypto Will Play a Role in Investors’ Flight to Quality
(52:10) Stablecoin As Conduit for Regulation? 
(54:47) Macro Corner
- -
Follow Mike: https://twitter.com/MikeIppolito_
Follow Vance: https://twitter.com/pythianism
Follow Michael: https://twitter.com/im_manderson
Follow Yano: https://twitter.com/JasonYanowitz

Subscribe on YouTube: https://bit.ly/3R1D1D9
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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/
- -
Resources:
Uniswap Labs Fee Switch
https://blockworks.co/newsletter/issue/33054773

BlackRock’s Fink notes ‘pent-up interest’ after fake bitcoin ETF news
https://blockworks.co/news/blackrock-spot-bitcoin-etf-rumors
- -
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.

Blackrock CEO: Crypto a 'Flight to Quality' | Round Up

Season 6 | Episode 4
In today's episode we are joined by Xin Wan, researcher at Uniswap Labs, and Robert Miller, Product Lead at Flashbots, to explore the world of Order Flow Auctions (OFAs). They discuss different OFA designs like Uniswap X, Flashbots MEV-Geth, and traditional order books, analyzing capital efficiency, fairness, and susceptibility to manipulation. Xin and Robert also detail key auction parameters around permissioning, bid selection, information revelation, and credible neutrality. Looking forward, they explore how OFAs and intent-based infrastructure could simplify cross-chain interoperability and abstract complexity for end users.
- -
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter. 

Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve  
- -
Timestamps:
(00:00) Introduction
(01:49) Interview Start: Xin and Robert
(02:26) What are Order Flow Auctions?
(08:33) Market Structure of Order Flow Auctions
(15:03) “Maverick Ad”
(16:17) Taking DEX Components Offchain
(23:22) Why Uniswap Chose an Offchain RFQ System
(28:01) The Role of Private RPCs
(32:32) Design Space for Auctions
(47:02) Price Impact of Information Availability
(55:33) Use case of Intents
(1:03:28) Outro 
- -
Follow Dan: https://twitter.com/danrobinson
Follow Mike: https://twitter.com/MikeIppolito_
Follow Xin: https://twitter.com/xin__wan
Follow Robert: https://twitter.com/bertcmiller

Subscribe on YouTube: https://bit.ly/3R1D1D9
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Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
Resources:
On the Design of MEV Marketplaces by Robert Miller
https://medium.com/flashbots/on-the-design-of-mev-marketplaces-8829bf897858
- -
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 Essential Guide to General and App-Specific Order Flow Auctions  | Season 6 Episode 4

Kain Warwick, the founder of Synthetix and Infinex, joins us to discuss how permissionless frontends are crypto's next battleground. Crypto has the infrastructure to support the next wave of users, but the user experience is lightyears behind Web2. What can solve this? Permissionless frontends. In this episode, we cover why Kain is building Infinex, the missing piece to get users onchain, crypto's new aggregators, Kain's multichain strategy, where DAOs fail to innovate and more. This might be my favorite episode yet!

- -
Timestamps
(00:00) Introduction
(02:04) A Shift from Infrastructure to the User Experience
(05:03) Why Synthetix Chose Optimism
(09:11) The Missing Ingredient to Compete with Binance
(11:53) L2 Liquidity Fragmentation
(14:51) Should Projects Launch on Multiple Chains?
(17:18) Why Synthetix Might Launch an Appchain
(19:10) How to Build Brand Trust & Bring Users Onchain
(32:57) Jito MidRoll Plug
(34:02) Crypto’s New Aggregators: Permissionless Frontends
(43:06) Taking Speculation Too Far
(51:16) L2 Centralization Vectors & Progressive Decentralization
(57:06) Will L2s Have a Power Law Outcome?
(59:54) Why Kain is Still in Crypto
(01:05:26) Where DAOs Succeed and Fail
(01:12:44) Rapid Fire

- -
Follow Kain: https://twitter.com/kaiynne
Follow Mert: https://twitter.com/0xMert_
Follow Garrett: https://twitter.com/GarrettHarper_
Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe on YouTube: https://bit.ly/43o3Syk
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - -
Resources

Jito
https://www.jito.network/staking/?utm_source=lightspeed&utm_medium=podcast&utm_campaign=lightspeed_Q323_1

Synthetix
https://twitter.com/synthetix_io
https://linktr.ee/synthetix

Infinex
https://twitter.com/infinex_app
https://infinex.io/

Kain's Writings
https://mirror.xyz/kain.eth

- - 
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.

Permissionless Frontends: The Rise of Crypto's Aggregators | Kain Warwick (Infinex)

This week Michael and Myles dive deep on all things Ethereum Enshrinement. The two kick things off with Credible Neutrality, reviewing centralization risks vs overloads governance. The guys then go on to discuss user experience as the guiding uniting principle and look at the gradation of protocol proximity; what should and should not be enshrined and why. We then challenge and defend the varying beliefs around Ethereum as ‘money’, before going on to hit on protocol engagement vs abstraction, issuance as a network cost, the Stride/Cosmos Hub merger update, and more. Enjoy!
- -
Timestamps:
(00:00) Introduction
(01:00) Enshrinement: Opening Thoughts
(02:5) Credible Neutrality: Private Market Analogy 
(07:25) Enshrinement’s Uniting Principle: Good User Experience
(08:17) Protocol Proximity
(21:33) Ethereum: Money?
(28:24) Engagement vs Abstraction
(40:51) Issuance: Network Cost?
(45:14) Money vs Commodity 
(58:04) Stride/Cosmos Hub Merger Update
(1:16:17) Community Alignment 
- -
Follow Mike: https://twitter.com/MikeIppolito_
Follow Myles: https://twitter.com/MylesOneil

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe 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/
- -
Resources:
Vitalik Buterin: Should Ethereum be okay with enshrining more things in the protocol?
https://vitalik.eth.limo/general/2023/09/30/enshrinement.html

Stride: The Enshrined LST Protocol for Cosmos Hub?
https://blockworks.co/news/stride-merge-cosmos-hub-network
- -
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.

Ethereum Enshrinement 101 | Round Up

Season 6 | Episode 3
Today we dive into the world of central limit order books and automated market makers with DEX builders Eugene Chen, co-founder of Ellipsis Labs, and Doug Colkitt, co-founder of Crocodile Labs. The team explores how factors like gas costs, latency, and modular "hooks" are shaping the evolution of onchain trading and DEX designs. The conversation then explores taking DEX components offchain and if it's antithetical to the point of DeFi. To close things out the team discusses the end game of DEX design.
- -
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter. 

Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve  
- -
Timestamps:
(00:00) Introduction
(01:57) Interview Start: Alex & Jason
(02:02) CLOBs vs AMMs
(10:17) “Maverick Ad”
(11:32) CLOBs vs AMMs
(12:35) Efficiency of Onchain CLOBs
(18:51) The Constraints of Latency
(23:02) AMMs & Passive Liquidity
(32:41) Offchain Components
(46:27) DEX Design End Game
(52:10) Market Structure of AMMs vs CLOBs
(56:55) Outro 
- -
Follow Dan: https://twitter.com/danrobinson
Follow Mike: https://twitter.com/MikeIppolito_
Follow Doug: https://twitter.com/0xdoug
Follow Eugene: https://twitter.com/0xShitTrader

Subscribe on YouTube: https://bit.ly/3R1D1D9
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Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
Resources:

Ellipsis Labs
https://ellipsislabs.xyz/ 

Ambient Finance
https://us.ambient.finance/

Crocswap Blog
https://crocswap.medium.com/

Jaredfromsubway MEV Bot Strategy
https://x.com/bertcmiller/status/1656392876438462464
- -
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.

AMMs vs DEXs: DeFi's First Debate Revisited | Season 6 Episode 3

With the opening of the Sam Bankman-Fried trial this week, the fellas kick things off with their thoughts on Michael Lewis’ controversial new book‘Going Infinite’, which explores the story of FTX’s collapse. The guys then take stock of Vitalik’s latest proposal around Enshrinement, and whether the logic should be natively implemented in the core code of L1s. We then discuss Stride’s potential plans to become the enshrined LST protocol for Cosmos Hub. We then review the state of ETH Futures, XRP’s latest win vs the SEC, before closing out with our outlook on macro, as long-term US Yields Hit a 16-year high. Enjoy!
- -
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter. 
Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve  
- -
Timestamps:
(00:00) Introduction
(00:54) Michael Lewis’ ‘Going Infinite’ review: an SBF/FTX plant? 
(09:24) “Maverick Ad”
(10:38) Michael Lewis’ ‘Going Infinite’ review: an SBF/FTX plant? 
(24:38) Enshrinement
(40:24) Stride: The Enshrined LST Protocol for Cosmos Hub?
(44:20) ETH Futures
(49:38) XRP Win: SEC Appeal Denied
(55:18) Macro Outlook: Bond Sell-off, Long-term US Yields Hit 16-year High
- -
Follow Mike: https://twitter.com/MikeIppolito_
Follow Vance: https://twitter.com/pythianism
Follow Michael: https://twitter.com/im_manderson

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe 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/
- -
Resources:
Vitalik Buterin: Should Ethereum be okay with enshrining more things in the protocol?
https://vitalik.eth.limo/general/2023/09/30/enshrinement.html

Stride: The Enshrined LST Protocol for Cosmos Hub?
https://blockworks.co/news/stride-merge-cosmos-hub-network
- -
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 SBF/FTX Trial Begins, The Future of Ethereum, Another XRP Win & More | Round Up

Season 5 | Episode 9
In today's season 5 finale we take a deep dive into the multifaceted world of Liquid Staking. Mike and Myles scrutinize critical aspects such as market structure, exploring its influence on liquidity providers and governance. They also discuss social scaling, evaluating its role in the adoption and scalability of Liquid Staking solutions along with the implications of self-limiting. This episode is a holistic recap of the season and with the biggest takeaways from Season 5.
- -
Timestamps:
(00:00) Introduction
(02:58) LST Market Structure
(13:16) Social Scaling & Self-limiting Debate
(28:19) “Permissionless Promotion”
(29:15) Curation VS Permissionless
(35:25) Liquid Staking Router Outlook
(43:09) Re-staking & Liquid Staking Intersection
(52:15) Lido Governance Role & Impact
(56:16) Future of Liquid Re-staking
(1:01:10) Co-Opetition: Eigen Layer & Lido
(1:07:08) MEV & Liquid Staking Intersection
- -
Follow Myles: https://twitter.com/MylesOneil
Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe 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 Economics
https://medium.com/chorus-one/exploring-validator-economics-on-solana-cb1498a3aef6

How POS Networks Nurture Decentralization by Felix L
https://chorus.one/articles/how-can-proof-of-stake-networks-nurture-decentralization

Sreeram Episode
https://podcasts.apple.com/us/podcast/the-intersection-of-restaking-and-liquid/id1641356619?i=1000622262081 
- -
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 Ultimate Guide to LSTs | Season 5 Finale

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/JasonYanowitz
Follow Vance: https://twitter.com/pythianism
Follow Michael: https://twitter.com/im_manderson

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe 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-etf

Uniswap 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.

Grayscale Victory: Another Spot of Bother for the SEC? | Round Up

Season 5 | Episode 6
In 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/FelixLts
Follow Aidan: https://twitter.com/aidan0x
Follow Myles: https://twitter.com/MylesOneil
Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe 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 Post
https://medium.com/chorus-one/delegation-vouchers-cfb511a29aac

Stride Labs
https://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.

What Ethereum Can Learn from Cosmos' Liquid Staking Module | Aidan & Felix

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/JasonYanowitz
Follow Mike: https://twitter.com/MikeIppolito_
Follow Michael: https://twitter.com/im_manderson
Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Resources:
Worldcoin
https://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.

Worldcoin: The Power & Pitfalls of Proof-of-Personhood  | Roundup

Season 5 | Episode 4
In this episode of Bell Curve, Mike and Myles are joined by Eigen Layer Founder Sreeram Kannan. They dive into Eigen layer's supply & demand sides, its interactions with Ethereum restaking, and the team's vision for the end game of Ethereum LSTs and restaking.
- -
Timestamps:
(00:00) Intro: Pre-Interview
(01:33) Interview Start: Sreeram
(02:19) High Level Eigen Layer Overview
(13:59) Supply & Demand Sides of Eigen Layer
(14:23) “Permissionless Ad”
(15:18) Supply & Demand Sides of Eigen Layer
(26:06) Eigen Layer & Ethereum Restaking
(37:24) Eigen Layer Demand Side
(45:00) Vote Extensions & Proposal Commitments
(49:15) Ethereum Restaking Prediction
(55:20) Role of Eigen Layer Governance in Restaking
(1:12:53) Eigen Layer & Liquid Staking
(1:22:03) Future of Validator Services
(1:31:05) Recap: Post-Interview
- -
Follow Sreeram: https://twitter.com/sreeramkannan
Follow Myles: https://twitter.com/MylesOneil
Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
- -
Resources:
Eigen Layer
https://www.eigenlayer.xyz/
https://twitter.com/eigenlayer
https://forum.eigenlayer.xyz/

Witness Chain (Proof of Decentralization)
https://witnesschain.com/
- -
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 Intersection of Restaking and Liquid Staking | Sreeram Kannan

Season 5 | Episode 3
In this episode of Bell Curve, we are joined by a duo of special guests: Izzy, Lido Head of Validators, and Oisín, Co-founder of Obol Labs. Today's show dives into the current state of solo staking, distributed validator technology, the impacts of a staking router, and the future of Lido protocol.
- -
Timestamps:
(00:00) Intro: Pre-Interview
(01:27) Interview Start: Izzy & Oisín
(02:22) The State of Solo Staking
(07:37) The Importance of Decentralization
(11:33) What is DVT? 
(20:02) Reducing Hardware & Capital Requirements
(34:34) “Permissionless Ad”
(35:29) Impacts of a Staking Router
(46:08) The Diversity of Modules
(59:12) Lido Fee Markets & Governance Responsibility
(1:07:41) How Permissionless Can Validators Get?
(1:11:16) The Intersection of Liquid Staking & Restaking
(1:26:04) Recap: Post-Interview
- -
Follow Izzy: https://twitter.com/IsdrsP
Follow Oisín: https://twitter.com/OisinKyne
Follow Myles: https://twitter.com/MylesOneil
Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
- -
Resources:
Obol Network
https://obol.tech/
https://twitter.com/ObolNetwork
- -
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 Staking Router + DVT: A Seismic Change for LSTs | Izzy (Lido) & Oisín (Obol)

Season 5 | Episode 2
In this episode of Bell Curve, we are joined by previous Bell Curve Host, Hasu. Serving as Strategic Advisor for Lido DAO Hasu shares his unique perspective on the current state of Liquid Staking Derivatives (LSDs), Lido Protocol's history & decentralization efforts, LSD winner-take-all market structure, and co-opetition & restaking risks.
- -
Timestamps:
(00:00) Intro: Pre-Interview
(02:00) Interview Start
(02:39) The State of Liquid Staking
(09:09) The History of Lido
(19:58) The Evolution of LSD Market Structure
(42:17) Checks & Balances for Lidool
(53:14) The Current State of Lido Protocol
(1:02:37) Lido: The Winner Taking All
(1:10:18) Restaking & Co-opetition 
(1:27:09) Recap: Post-Interview
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Follow Hasu: https://twitter.com/hasufl
Follow Myles: https://twitter.com/MylesOneil
Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9
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Subscribe on Spotify: https://spoti.fi/3cpKZXH
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Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
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Resources:
Dune Dashboard on LSD Market Structure
https://dune.com/maverick_cap/lsd-tracking

Sasha - Cosmos Booklet for Governance Decisions
https://twitter.com/culturalobjects/status/1541934637907329029?s=20

Vitalik - "The Bitcoin Maximalist" April 1st Publish
https://vitalik.ca/general/2022/04/01/maximalist.html
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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.

Is Liquid Staking Winner Take All? | Hasu

In today's episode, the fellas discuss how onchain RWAs (real-world assets) will transform DeFi. We also cover Prime Trust's implosion, regulated DeFi, Azuki's controversial NFT mint, why Corporate VCs fail, the recent token delistings and more!
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Timestamps:
(00:00) Introduction
(0:56) Prime Trust Implodes
(15:36) Debating Onchain RWAs
(34:04) Azuki’s New Collection and NFT Business Models
(43:17) AI Sexting, GPUs and Corporate VCs
(50:37) Alts and Token Delistings
(58:02) RFK and BTC Politics
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Follow Michael: https://twitter.com/im_manderson
Follow Mike: https://twitter.com/MikeIppolito_
Follow Jason: https://twitter.com/JasonYanowitz
Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe 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 PODS20 to get 20% off Permissionless 2023 in Austin:
https://blockworks.co/event/permissionless-2023
- -
Resources:
1000x podcast
https://spoti.fi/436lDlG

Acquired's LVMH episode
https://spoti.fi/44lNvn1
- -
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.

Are You Bullish or Bearish Onchain RWAs? | Roundup

In today's episode, the fellas debate the SEC's attack on crypto, what's in store for Uniswap v4, if a protocol could vampire attack Lido, the US crypto exodus and more!
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Timestamps:
(00:00) Introduction
(02:28) SEC Sues Binance and Coinbase
(14:08) Uniswap v4, Compound vs Aave & LSTs
(23:09) L2 Momentum & Vampire Attacking Lido
(31:18) The Exodus to Asia
(38:38) Battling Apathy and Industry Sentiment
(42:54) Chainlink Swift Partnership
(48:13) Does DeFi Need Oracles?
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Follow Michael: https://twitter.com/im_manderson
Follow Mike: https://twitter.com/MikeIppolito_
Follow Jason: https://twitter.com/JasonYanowitz
Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
Resources:
DeFi Is Broken (Dan Elitzer)
https://twitter.com/delitzer/status/1661755779240841222
- -
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.

SEC vs Crypto, Uniswap v4 Predictions & Lido Vampire Attacks | Roundup

Season 4 | Episode 4
In this episode of Bell Curve, we are joined by Jon Charbonneau and Robert Miller to discuss how Ethereum's modular roadmap impacts the future of MEV. We explore L2 MEV design, decentralized sequencer models, cross-domain MEV, latency games, and Suave. Jon and Robert are two giga brains that understand the bleeding edge of modular MEV design!
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Timestamps:
(00:55) Intro: Pre-Interview
(02:39) How Ethereum’s Modular Roadmap Impacts MEV
(08:18) The Rollup Revolution: Consensus and Latency Games
(18:35) How Sequencers Work Today
(23:43) L2 MEV Models: Optimism and Arbitrum
(29:42) Why L2s Need PBS
(32:21) Decentralized Sequencer Designs
(44:45) Cross-Domain MEV and Atomicity
(53:46) Suave: The Mechanics, Order Flow Auctions & Roadmap
(57:07) “Rook Ad”
(59:09) Suave: The Mechanics, Order Flow Auctions & Roadmap
(1:27:50) Recap: Post-Interview
- -
Follow Jon: https://twitter.com/jon_charb
Follow Robert: https://twitter.com/bertcmiller
Follow Hasu: https://twitter.com/hasufl
Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
This episode is brought to you by Rook. Close to a billion dollars has already been taken out of users’ pockets through MEV. Rook built a solution that automatically drives this value back to where it belongs: with the users and applications that create it.

If you use on-chain products, tell your wallet, favorite app and go-to node provider to use Rook; if you're a developer, message us today to find out how to integrate Rook with your product. Follow Rook on Twitter and them a message at https://twitter.com/Rook.
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Resources:
Rollups Aren't Real by Jon
https://joncharbonneau.substack.com/p/rollups-arent-real

Hasu's Mevconomics talk
https://www.youtube.com/watch?v=6xS0xMzh9Tc&ab_channel=ETHGlobal

MEV Share
https://collective.flashbots.net/t/mev-share-programmably-private-orderflow-to-share-mev-with-users/1264
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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.

Bell Curve Transcript on Applepodcasts

Blackrock CEO: Crypto a 'Flight to Quality' | Round Up

The Essential Guide to General and App-Specific Order Flow Auctions | Season 6 Episode 4

Permissionless Frontends: The Rise of Crypto's Aggregators | Kain Warwick (Infinex)

Ethereum Enshrinement 101 | Round Up

AMMs vs DEXs: DeFi's First Debate Revisited | Season 6 Episode 3

AMMs vs DEXs: DeFi's First Debate Revisited | Season 6 Episode 3

The SBF/FTX Trial Begins, The Future of Ethereum, Another XRP Win & More | Round Up

The Ultimate Guide to LSTs | Season 5 Finale

Grayscale Victory: Another Spot of Bother for the SEC? | Round Up

What Ethereum Can Learn from Cosmos' Liquid Staking Module | Aidan & Felix

Worldcoin: The Power & Pitfalls of Proof-of-Personhood | Roundup

The Intersection of Restaking and Liquid Staking | Sreeram Kannan

The Staking Router + DVT: A Seismic Change for LSTs | Izzy (Lido) & Oisín (Obol)

Is Liquid Staking Winner Take All? | Hasu

Are You Bullish or Bearish Onchain RWAs? | Roundup

SEC vs Crypto, Uniswap v4 Predictions & Lido Vampire Attacks | Roundup

MEV in a Modular World | Jon Charbonneau, Robert Miller