The dYdX Appchain Vision: One of Crypto's Boldest Bets | Antonio Juliano
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!
(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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