Bell Curve

Latest Episodes:

The Conflicts of Interest in Crypto | Roundup Aug 16, 2024

Show notes

In this episode, we’re joined by Jim Parillo from Figment Capital! This week we discuss the success of prediction markets, conflicts of interest in crypto today, and the importance of self policing our industry. Additionally, we question how transparent crypto really is compared to traditional finance. Finally, we dive into the way advisory roles have mutated in crypto, and the pains that come along with rapid growth.

Thanks for tuning in!

Resources

EigenLayer’s Response to the Coindesk Article: https://x.com/eigenlayer/status/1824175022308724749

Coindesk: Top Crypto Startup Drove Other Projects’ Airdrops to its Employees: https://x.com/CoinDesk/status/1824067033350258815

Hasu’s Take on the Adoption of Prediction Markets: https://x.com/hasufl/status/1820818054621622673

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently in its mainnet launch phase — follow along on namada.net

re.al is the permissionless L2 for tokenized RWAs built on Arbitrum Orbit, and the first L2 to return chain and protocol fees back to users, in the form of reETH, ensuring users benefit from ecosystem growth!

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Figment Capital: https://x.com/FigmentCapital

Follow Jim: https://x.com/VelvetMilkman

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

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

Timestamps:

(0:00) Introduction

(5:12) Venture Capital & the Apps vs Infrastructure Meta

(19:25) The Success of Prediction Markets

(30:36) Namada Ad

(31:35) Re.al Ad

(32:34) Conflicts of Interest in Crypto Today

(43:33) Is Crypto Really More Transparent Than TradFi?

(48:43) The Importance of Self Policing in Crypto

(58:59) How Crypto Mutated Advisory Roles

(1:01:52) Rapid Growth and the Pains That Come With It

(1:07:33) Go Touch Grass

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.tt and our guests may hold positions in the companies, funds, or projects discussed.

Aavenomics: Making DeFi Great Again | Marc Zeller Aug 13, 2024

Show notes

In this episode, Marc Zeller, the founder of Aave-Chan Initiative, joined us to discuss Aave and the state of DeFi today! We dive into Aave’s Umbrella safety module, competition between DeFi protocols, and concerns around WBTC. Additionally, Marc gives his thoughts on revenue distribution models in DeFi, the Minimum Viable Issuance debate, and whether or not DeFi is propping up Ethereum. Finally, we address the speculation around Aave potentially deploying on Solana.

Thanks for tuning in!

Resources

Marc’s Aavenomics Update Proposal: https://x.com/lemiscate/status/1816469283624337413

Umbrella Safety Module Chart from Sonya Kim: https://x.com/sonyasunkim/status/1816820866501443839

Kain’s Take on DeFi: https://x.com/kaiynne/status/1821020189594669398

MakerDAO: WBTC Changes and Risk Mitigation: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844

Namada is currently in its mainnet launch phase — follow along on namada.net

Follow ACI: https://x.com/Aavechan

Follow Marc: https://x.com/lemiscate

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3M5eE6s

Timestamps:

(0:00) Introduction

(4:30) How Should DAOs Be Managed?

(13:44) Marc's Crypto Origin Story

(15:39) Namada Ad

(16:38) Overview of Aave

(21:35) The Umbrella Safety Module

(37:36) Should Protocols Redistribute Revenue to Token Holders?

(43:25) Buy & Burn vs Buy & Distribute

(48:04) The State of DeFi Today

(51:42) Competition Between DeFi Protocols

(56:39) Deploying on Rollups

(1:07:15) Is DeFi Propping Up Ethereum?

(1:11:33) The Minimum Viable Issuance Debate

(1:20:17) Is Aave Coming To Solana?

(1:24:36) WBTC Concerns

Are L1s Converging on the Same Design? | Roundup Aug 09, 2024

Show notes

In this episode, Mike explores the most relevant topics in crypto today. He dives into Kamala Harris’ cabinet, Ripple’s settlement with the SEC, and Ethereum ETF flows to date. Additionally, he speculates on who might be the next SEC Chair after Gary Gensler. Finally, he closes with coverage of the internal debate happening within the Ethereum community and gives his take on whether or not opportunities in crypto are drying up.

Thanks for tuning in!

Resources

Behind the Curtain: The Harris Cabinet: https://www.axios.com/2024/08/07/kamala-harris-cabinet-election

Farside ETH ETF Flows: https://farside.co.uk/?p=1518

Qiao’s Thoughts on the Ethereum Rollup Roadmap: https://x.com/QwQiao/status/1821540694390907295

TradeButWhy’s Take on Crypto Opportunities: https://x.com/tradebutwhy/status/1821464061021655246

Namada is currently in its mainnet launch phase — follow along on namada.net

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

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- -

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

Timestamps:

(0:00) Introduction

(2:08) Kamala Harris Has Flipped Trump in Prediction Markets

(6:14) The Harris Cabinet

(13:00) Who Will Be the Next SEC Chair?

(15:27) Namada Ad

(16:26) Re.al Ad

(17:25) Ripple's Settlement With the SEC

(22:38) Ethereum ETF Flows

(27:50) Debates on the Direction Ethereum is Headed

(36:10) Are the Opportunities in Crypto Drying Up?

Restaking’s Impact on the Future of Crypto | Season 8 Recap Aug 06, 2024

Show notes

In this episode, we recap all of the themes and topics from Season 8: Restaking’s Renaissance. We compare the sentiment around restaking between the start of the season to now, discuss the various use cases around restaking, and give our thoughts on pre confirmations. Additionally, we take a look at StakeSure, and the restaking customer base. Finally, we think about what the future has in store for the restaking market.

Thanks for tuning in!

Resources

StakeSure & EigenLayer: Strong cryptoeconomic security https://x.com/sreeramkannan/status/1799581328679334391

Sei Labs believes the EVM is here to stay.

By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.

Visit https://www.sei.io/ to find out more

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Myles: https://x.com/MylesOneil

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH- -

Timestamps:

(0:00) Introduction

(2:22) Restaking Sentiment Now

(8:07) Use Cases for Restaking

(13:55) Sei Ad

(14:39) Thoughts on Pre Confirmations

(22:34) Vanilla PoS vs Proof of Authority

(34:11) What is StakeSure?

(42:06) The Restaking Customer Base

(46:43) Creating an Ecosystem of AVSs

(59:18) Predictions For Restaking's Future

Can Crypto Survive a Recession? | Roundup Aug 03, 2024

Show notes

In this episode, the Roundup crew and Myles O’Neil are diving into the hot topics from a volatile week in the markets. They discuss the recent Compound Finance governance attack, the first week of Ethereum ETF trading, and how teams should handle token unlocks. Additionally, they ask if crypto is now a bipartisan issue, and what governance tokens should be classified as. Finally, they speculate on whether or not we are entering a recession.

Thanks for tuning in!

Sei Labs believes the EVM is here to stay.

Visit https://www.sei.io/ to find out more

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Myles: https://x.com/MylesOneil

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

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- -

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

Timestamps:

(0:00) Introduction

(4:07) Trump at the Bitcoin Conference

(10:19) Is Crypto Now A Bipartisan Issue?

(19:20) Sei Ad

(20:03) Re.al Ad

(21:02) The Compound Finance Governance Attack

(39:04) If Governance Tokens Aren't Securities, What Are They?

(44:23) Are We Going Into a Recession?

(52:00) The First Week of ETH ETF Trading

(54:59) How Should Teams Handle Token Unlocks?

How Jito is Unlocking Restaking for Solana | S8 Finale | Lucas Bruder Jul 30, 2024

Show notes

In this episode, Lucas Bruder from Jito discusses their newly launched restaking platform for Solana. The conversation covers the history of Jito's products, the design choices behind their restaking solution, and how it differs from Ethereum-based platforms like Eigen Layer. Lucas explains the flexibility of Jito's approach, allowing for various assets including governance tokens, and discusses potential use cases such as oracles and keepers. The episode also explores the broader implications for Solana's ecosystem and the future of restaking across different blockchain environments.

Thanks for tuning in!

Resources

Jito Restaking Announcement: https://x.com/jito_sol/status/1816488798374830164

Namada is currently in its mainnet launch phase — follow along on namada.net

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Lucas: https://x.com/buffalu__

Follow Myles: https://x.com/MylesOneil

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH- -

Timestamps:

(0:00) Introduction

(2:46) The History of Jito

(5:43) Jito Restaking Design Decisions

(17:23) Potential Use Cases for Restaking

(29:38) Namada Ad

(30:37) Dealing with Potential Downtime

(34:46) Restaking on Solana vs Ethereum

(40:25) The Supply Side of Solana Restaking

(42:42) Handling Slashing

(46:45) Restaking Marketplace Dynamics

(53:37) How Can Restaking Impact the Solana L1?

(57:07) Synergies Within Jito's Product Suite

(1:01:51) Outro

Is Crypto Ready for the Big Leagues? | Roundup Jul 27, 2024

Show notes

In this episode, the Roundup crew discusses Ethereum ETF flows, the Jito restaking announcement and its impact on the Solana Ecosystem, and the recent AAVEnomics update proposal. Additionally, they speculate on when the Fed will finally cut rates, and what Trump might say during his Bitcoin Conference speech. Finally, they dive into what crypto policy might look like during a Harris presidency.

Thanks for tuning in!

Resources

The DAO Run Lemonade Stand: https://x.com/josephdelong/status/1540311662888161280

Sei Labs believes the EVM is here to stay.

Visit https://www.sei.io/ to find out more

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

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- -

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

Timestamps:

(0:00) Introduction

(2:22) Ethereum ETF Flows

(11:56) Should Chains Be Opinionated About the Apps in Their Ecosystem?

(15:31) Jito Restaking Announcement

(21:49) Sei Ad

(22:32) re.al Ad

(23:31) Trump, RFK Jr, and the Bitcoin Conference

(28:28) When Will the Fed Cut Rates?

(31:38) AAVEnomics Update

(40:35) Would a Harris Presidency Be a Net Good for Crypto?

The Bear Case for Shared Security | S8 E8 | Sunny & Toghrul Jul 23, 2024

Show notes

In this episode, Sunny, the Co-founder of Osmosis, and Toghrul from Scroll joined us to present the bear case for shared security. We discussed issues with Proof of Stake, the relationship between slashing and enshrining an LST, and the market size for restaking. Finally, we provide our thoughts on the intersubjective work token, and staking’s potential impact on the L1.

Thanks for tuning in!

Resources

Shared Security is a Psyop Speech: https://youtu.be/hdEEl3ixlfo?si=qkk89BaV6Q2krewQ

Namada is currently in its mainnet launch phase — follow along on namada.net

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow Toghrul: https://x.com/toghrulmaharram

Follow Sunny: https://x.com/sunnya97

Follow Myles: https://x.com/MylesOneil

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

Timestamps:

(0:00) Introduction

(2:42) The "Shared Security is a Psyop" Speech

(9:10) Issues with Vanilla Proof of Stake

(19:29) Namada Ad

(20:28) Re.al Ad

(21:27) Slashing vs Enshrining an LST

(30:24) The Market Size for Restaking

(44:17) How Can You Keep Apps Within the Ecosystem?

(49:51) Thoughts on the Intersubjective Work Token

(58:29) Restaking's Impact on the L1

(1:05:08) Outro

Deep Dive: The CAKE Framework & Building a One Click Experience | Hart Lambur & Stephane Gosselin Jul 22, 2024

Show notes

In this special episode of Bell Curve, Stephane Gosselin and Hart Lambur joined us live at EthCC to discuss OneBalance and the CAKE Framework! Additionally, we dive into the economics of the solver layer, what effects an HFT dynamic arising in crypto would have, and UX in a OneBalance world. Finally, we speculate on how OneBalance will impact L2 business models.

Thanks for tuning in!

Resource

CAKE Framework Breakdown: https://x.com/0xASK/status/1813217270010609990

Sei Labs believes the EVM is here to stay.

Visit https://www.sei.io/ to find out more

re.al has just launched a fully-transparent rewards (points) program returning 10% of $RWA supply to early users. Not investment advice or product solicitation and not aimed at US persons.

Use the following code to get started: https://re.al/rewards/airdrop/O4UNU

Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii

Follow OneBalance: https://x.com/OneBalance_io

Follow Stephane: https://x.com/thegostep

Follow Hart: https://x.com/hal2001

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH- -

Timestamps:

(0:00) Introduction

(2:56) OneBalance and the CAKE Framework

(21:09) Sei Ad

(21:53) Re.al Ad

(22:51) Economics of the Solver Layer

(31:21) Would an HFT Dynamic Arising in Crypto Be Bad for the Space?

(45:30) UX in a OneBalance World

(53:07) How Will OneBalance Impact L2 Business Models?

A New Era: Trump’s Impact on Crypto and Innovation in the U.S. Jul 19, 2024

Show notes

In this episode, the Roundup crew covers a wild week in crypto and politics. They discuss the assassination attempt on Donald Trump, and how economic policy might look with JD Vance as the Vice President. Additionally, they speculate on whether or not Biden will drop out of the presidential race, and talk about the Fed’s approach to monetary policy leading up to the election. Finally, they wonder where we are in the AI hype cycle, and who benefits the most from L2 innovation.

Thanks for tuning in!

Resources