Bell Curve

Latest Episodes:

Eigen's Dual Staking Dilemma: Eth vs Eigen Security | Roundup May 03, 2024

Show notes

In this episode, Mike and Myles dive into Eigen Layer's major announcement, unpacking the details and implications of the Eigen token airdrop, the Eigen Foundation, and the positioning of Eigen as an "intersubjective work token". They discuss the community's mixed reaction to the airdrop details and geo-fencing, the objectives and considerations around airdrops in general, and the innovative tokenomic design of the Eigen token in enabling a dual staking system with ETH to secure Eigen Layer and mitigate risks. Mike and Myles explore how this new staking model could impact the Eigen Layer ecosystem, AVS adoption of the Eigen token, and the overall bullish effect it could have on ETH and the growth of restaking. Enjoy!

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Wormhole is a decentralized interoperability platform powering multi-chain applications and bridges. It provides developers with access to liquidity and users on over 30 leading blockchain networks, enabling use cases in DeFi, data queries, and governance. The platform is trusted by teams like Uniswap and Circle and, to date, the platform has facilitated the transfer of over 35 billion dollars through over 850 million cross-chain messages.

Claim your unique Wormhole NFT at

https://wormhole.com/bellcurve15-2292

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Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

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Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

Flood is built from the ground up for speed and efficiency, MEV free and redistributes all trading surplus to users, meaning you can earn money while doing your regular swapping.

Join Flood tide campaign!

https://flood.bid/bell-curve

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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/

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Timestamps:

(0:00) Introduction

(3:35) Eigen Layer Announcements

(10:16) Risks of Eigen

(17:35) Objective of Airdrops

(27:46) Wormhole Ad

(29:00) Flood Ad

(29:59) Uniswap Ad

(30:53) Eigen Token Design

(34:42) Intersubjective Work Token

(45:41) Value Accrual

(57:32) Security Decision Making

(1:05:39) Bullish Eth Affect

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

Crypto's Multichain Masterplan | S7 E8 Apr 24, 2024

Show notes

Season 7 | Episode 8

In this wrap-up episode of Season 7, Mike and Hart dive deep into the multichain endgame of crypto. They discuss how the user and developer experience might evolve in a multichain future, the role of ZK tech in enabling interoperability, and the importance of standardization across chains. They explore the potential for L1 assets to become commodities, the challenges of achieving sub-second finality, and the ultimate goal of reinventing global financial infrastructure through blockchain technology. Thanks for watching season 7!

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

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- -

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.

Try out sei v2 devnet - visit the new sei.io to find out more.

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Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

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Get the freshest price feeds free for 12 months. Join Supra’s early integration program for zero-cost access to the fastest oracles and dVRF across 50+ blockchains: supra.com/blockworks

Earn $1,500 by referring Web3 projects to use Supra services. The projects get the fastest services for free, and you earn $1,500 for every referral. Learn more at the link above.

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Timestamps:

(0:00) Introduction

(4:17) Multichain End Game Vision

(15:04) Crypto's Commodity Boom

(27:14) Blockspace is a Commodity

(34:02) Sei Ad

(35:02) Uniswap Ad

(36:06) Supra Ad

(37:02) Zero Knowledge Costs Improvement

(49:09) Dream Transaction Flow

(58:42) Market Demand for Interoperability

(1:05:12) Intent & General Message Layers

(1:13:36) User Security Model Preference

(1:24:51) Best Outcome of Crypto

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Solana: State Of The Network | Mert Mumtaz, Dan Smith | Lightspeed Apr 23, 2024

Show notes

Gm! Bell Curve's season 7 will be back soon. This week our friends Mert and Dan from the Lighspeed discuss the state of the network, MarginFi drama, Uniswap vs the SEC, airdrops, Monad's $225 million raise & more. Enjoy!

Follow Mert: https://twitter.com/0xMert_

Follow Dan: https://twitter.com/smyyguy

Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe on YouTube: https://bit.ly/43o3Syk

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

Subscribe on Spotify: https://spoti.fi/3OkF7PD

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

Try 3 months FREE of Helium Mobile with the code LIGHTSPEEDMOBILE: hellohelium.com

Experience a new phone service that uses the Helium Network – a decentralized wireless network built by the people – AND the nation’s largest 5G network. Drastically save costs while you enjoy unlimited talk, text, and data for just $20/month. Plus, you can earn MOBILE tokens for sharing where you use your phone the most.

00:00 Introduction

01:24 Solana: State Of The Network

13:03 Helium Mobile Ad

14:05 Do Validators Need To Be Profitable?

17:36 MarginFi

33:28 Airdrops

36:58 SEC Sends Uniswap a Wells Notice

46:42 Monad Raises $225 Million

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

Bitcoin's Renaissance: Inside Runes, Ordinals, and Transaction Revenue | Roundup Apr 19, 2024

Show notes

In this week's round up the Mike and Vance dive into the recent Bitcoin correction, discussing the narratives surrounding interest rates, politics, and the upcoming halving. They explore the launch of Runes on Bitcoin and its potential impact on the ecosystem. The conversation also delves into the merging of Bitcoin and Ethereum, the challenges faced by Solana, and the importance of L1 performance for L2 functionality. They discuss the concept of profits and fees for L1s, the growth of restaking, and the role of apps in shaping the future of crypto. Thanks for tuning in!

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Claim your unique Wormhole NFT at

https://wormhole.com/bellcurve14-7833

- -

Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

- -

Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

Flood is built from the ground up for speed and efficiency, MEV free and redistributes all trading surplus to users, meaning you can earn money while doing your regular swapping.

Join Flood tide campaign!

https://flood.bid/bell-curve

- -

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/

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Timestamps:

(0:00) Introduction

(5:40) Bitcoin Correction Thoughts

(18:46) Bitcoin Memecoin Barbell

(23:49) Wormhole Ad

(25:03) Flood Ad

(26:02) Uniswap Ad

(26:55) Runes Launch

(40:07) User & Economic Lock in

(46:49) L1 vs L2 Scaling

(57:11) Profits for an L1

(1:03:09) Restaking Growth

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Inside the Crypto Options and Derivatives Boom | Nick Trileski Apr 16, 2024

Show notes

In this episode, Mike is joined by Nick Trileski, a crypto options trader at Cumberland DRW, for an in-depth discussion on the current state of the crypto options and derivatives market. They explore the growth of options trading, the psychology around all-time highs, and the increasing institutional demand as evidenced by rising open interest. The conversation also touches on the dynamics of perps versus options, the risks and opportunities in basis trades like Athena, and the potential for continued growth in the crypto options space.

Follow Nick: https://twitter.com/ntrlsk

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- -

Sei Labs believes the EVM is here to stay.

Try out sei v2 devnet - visit the new sei.io to find out more.

- -

Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

- -

Get the freshest price feeds free for 12 months. Join Supra’s early integration program for zero-cost access to the fastest oracles and dVRF across 50+ blockchains: supra.com/blockworks

Earn $1,500 by referring Web3 projects to use Supra services. The projects get the fastest services for free, and you earn $1,500 for every referral. Learn more at the link above.

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Timestamps:

(0:00) Introduction

(2:03) State of Crypto Options

(7:04) Perps vs Options

(16:53) Perps vs Spot Growth

(21:42) Sei Ad

(22:41) Uniswap Ad

(23:45) Who Uses Options?

(30:18) Volatility of Crypto

(33:35) Psychology of ATHs

(40:37) Institutional Demand of Open Interest

(43:00) Is Retail Back?

(51:25) Ethena's Strategy

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The Battle of Restaking Platforms & Alt L1s | Roundup Apr 12, 2024

Show notes

In this week's round up the Mike, Michael, and Vance break down Uniswap's fight with the SEC over a Wells notice and the implications for DeFi, as well as Bearchain's massive $100M raise. The risks of hedging altcoin investments using perpetual futures contracts are explored, along with the significance of Circle and BlackRock uniting to bridge traditional finance and DeFi. They also dissect the implosion at lending protocol MarginFi and the fierce competition heating up between Eigen and Carrick in the emerging universal restaking platform space.

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Claim your unique Wormhole NFT at

https://wormhole.com/bellcurve13-1983

- -

Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

- -

Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

Flood is built from the ground up for speed and efficiency, MEV free and redistributes all trading surplus to users, meaning you can earn money while doing your regular swapping.

Join Flood tide campaign!

https://flood.bid/bell-curve

- -

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/

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Timestamps:

(0:00) Introduction at Warp Speed

(6:24) Uniswap Wells Notice

(18:26) $100m Berachain Raise

(28:04) Wormhole Ad

(29:17) Flood Ad

(30:16) Uniswap Ad

(31:10) Karak Universal Restaking Platform

(40:54) Hedging by Perps

(48:05) Circle USDC & BlackRock CBDC

(53:37) MarginFi Implosion

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Solana's MEV Inflection Point: Users vs Protocol | Deep Dive | Eugene & Lucas Apr 09, 2024

Show notes

In today's episode, Mike is joined by Eugene from Ellipsis Labs and Lucas from Jito to discuss the current state and future of MEV on Solana. The trio dives into the philosophical divergence between Solana and Ethereum's approaches to mitigating MEV, with Solana prioritizing user experience and low fees while Ethereum focuses on incentive compatibility and decentralization. They explore the challenges Solana faces with record volumes, network congestion, and the ongoing debate surrounding transaction fees and block space. The discussion also touches on the potential for Solana L2s, the fight against spam, and the network's meme coin mania, ultimately concluding with insights on the delicate balance Solana must strike between performance, decentralization, and user experience.

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

Follow Eugene: https://twitter.com/0xShitTrader

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

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- -

Sei Labs believes the EVM is here to stay.

Try out sei v2 devnet - visit the new sei.io to find out more.

- -

Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

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Timestamps:

(0:00) MEV on Solana

(16:25) Ethereum vs Solana Approaches

(27:34) Sei Ad

(28:34) Uniswap Ad

(29:37) Solana Spam Solution

(36:18) Necessary Trade-Offs

(44:43) Solana UX Degredation

(50:53) Solana Fee Overhaul

(1:03:32) Solana L2s

(1:11:03) Dynamic Block Limits

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The Evolution of Crypto Venture Funds | Roundup Apr 05, 2024

Show notes

In this week's round up the Mike, Michael, and Vance examine the new market structure emerging as fresh capital starts to flow back into the space and debate whether this could break the traditional crypto market cycles. They also discuss the impact of early liquidity on founders and teams through token launches. Additionally, they analyze the impressive growth and revenue numbers from Coinbase's layer 2 Base. Finally, they explore the role of collateral and yield in the crypto ecosystem compared to traditional finance.

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Claim your unique Wormhole NFT at

https://wormhole.com/bellcurve11-7554

- -

Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

- -

Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

Flood is built from the ground up for speed and efficiency, MEV free and redistributes all trading surplus to users, meaning you can earn money while doing your regular swapping.

Join Flood tide campaign!

https://flood.bid/bell-curve

- -

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/

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Timestamps

(0:00) Introduction

(2:58) Aave and Maker Drama

(23:18) Wormhole Ad

(24:32) Flood Ad

(25:31) Uniswap Ad

(26:25) US Governement Sells Bitcoin

(41:17) Structure of VCs

(46:11) Founders in Web3

(55:00) Liquid Restaking Layer TVL

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Network Effects and Value Accrual in Crypto | S7 E7 | Kyle Samani Apr 02, 2024

Show notes

Season 7 | Episode 7

In today's episode Kyle Samani from Multicoin Capital joins Michael and Hart to discuss the complex dynamics of network effects in the blockchain ecosystem. The conversation dives deep into the different types of network effects at play, the phenomenon of anti-network effects caused by high gas fees, and the potential for blockchain technology to revolutionize global finance. Kyle shares his insights on the end state of L1 blockchains, the role of interoperability, and where value may ultimately accrue in the crypto stack. Along the way, they debate the relative importance of technological innovation versus monetary characteristics in driving value.

Although our guest this week is a Managing Partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.

Follow Kyle: https://twitter.com/KyleSamani

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

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- -

Sei Labs believes the EVM is here to stay.

Try out sei v2 devnet - visit the new sei.io to find out more.

- -

Uniswap builds simple and secure products that help you swap smarter.

Web. Mobile. Extension. Powered by the smartest protocol in DeFi.

To learn more about the Uniswap’s products head on over to:

https://blckwrks.co/Uniswap

- -

Get the freshest price feeds free for 12 months. Join Supra’s early integration program for zero-cost access to the fastest oracles and dVRF across 50+ blockchains: supra.com/blockworks

Earn $1,500 by referring Web3 projects to use Supra services. The projects get the fastest services for free, and you earn $1,500 for every referral. Learn more at the link above.

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Timestamps:

(0:00) Interview Start: Kyle Samani

(3:53) Network Effects & Blockchains

(17:57) Blockchain Based Games & Social Apps

(27:45) Sei Ad

(28:44) Uniswap Ad

(29:38) Supra Ad

(30:34) Integrated vs Modular

(33:06) Protocol vs Token Network Effects

(55:36) End State of L1s

(1:08:58) Outro

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Are Crypto Market Cycles Changing for Good? | Roundup Mar 29, 2024

Show notes

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Claim your unique Wormhole NFT at

https://wormhole.com/bellcurve11-7554

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Restaking is the biggest shift in Ethereum's staking landscape yet, and Swell is leading the charge with Liquid restaking token, rswETH.

Restake your ETH with Swell to earn Pearls, EigenLayer points, and future restaking rewards — while still being able to participate in DeFi.

Restake now: app.swellnetwork.io

Follow Swell: https://twitter.com/swellnetworkio

- -

Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

Flood is built from the ground up for speed and efficiency, MEV free and redistributes all trading surplus to users, meaning you can earn money while doing your regular swapping.

Join Flood tide campaign!

https://flood.bid/bell-curve

- -

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/

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Timestamps: