Can dYdX Become a Decentralized BitMEX? How It Is Scaling With StarkWare - Ep.218
Unchained
English - March 09, 2021 08:30 - 1 hour - ★★★★★ - 1.2K ratingsBusiness News News Tech News fintech bitcoin blockchain crypto cryptocurrency digitalasset digitalcurrency distributedledger ethereum laurashin Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Antonio Juliano, founder of the decentralized exchange dYdX, and Eli Ben-Sasson, cofounder of StarkWare, discuss the recent launch of dYdX on Ethereum layer 2 using StarkWare’s scaling technology. In this episode, they cover:
what cross-margin perpetual trading is and why dYdX chose StarkWare to be its scaling partner (1:13)
ZK rollups and how they contrast with optimistic rollups (8:49)
how many transactions per second StarkWare can handle through its layer 2 solution (16:57)
lessons learned and critical takeaways from their six months spent working together (20:15)
the similarities between Ethereum and StarkNet (26:07)
why Antonio believes that scalability is more important than composability (27:30)
the benefits of decentralized exchanges and how dYdX fits into the dex marketplace (31:54)
why dYdX chose Chainlink as its oracle provider, and how it got oracle prices onto layer 2, which previously had none (38:11)
why Cairo, StarkWare’s Turing-complete programming language and platform, can be the “one verifier to rule them all” (42:10)
what it was like for StarkWare to compete in the Great Reddit Scaling Bake-Off (45:41)
whether or not DeFi could handle a GameStop/Robinhood situation (48:56)
fair launch tokens versus VC tokens (54:12)
the likelihood of dYdX and StarkWare each creating a token (58:19)
upcoming developments and projects for both companies (1:02:14)
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
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Episode Links:
Antonio Juliano
Twitter: https://twitter.com/AntonioMJuliano
Eli Ben-Sasson
Twitter: https://twitter.com/EliBenSasson
dYdX
Twitter: https://twitter.com/dydxprotocol
Website: https://dydx.exchange/
Exchange: https://alpha.dydx.exchange/trade/BTC-USD
Reading Material
Recent funding: https://www.coindesk.com/big-guns-back-10m-investment-in-defis-dydx
2020 in review: https://dydx.exchange/2020.pdf
Decrypt profile: https://decrypt.co/resources/dydx-ethereum-margin-trading-platform-explained-learn
Medium post: https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd
StarkWare
Twitter: https://twitter.com/StarkWareLtd
Website: https://starkware.co/
Reading Material:
ZK roll-up explainer: https://medium.com/starkware/on-the-road-to-starknet-a-permissionless-stark-powered-l2-zk-rollup-83be53640880
Understanding Cairo: https://medium.com/starkware/hello-cairo-3cb43b13b209
Funding: https://www.coindesk.com/paradigm-leads-30-million-funding-for-crypto-privacy-startup-starkware
dYdX and StarkWare Relationship
Original Twitter announcement (2020):
https://twitter.com/dydxprotocol/status/1295791012552597507?s=20
The Block’s original coverage:
https://www.theblockcrypto.com/linked/75209/dex-dydx-starkware-layer-2
Layer 2 is live announcement:
https://twitter.com/dydxprotocol/status/1364591430447091719
Blog post on why dYdX is moving to Layer 2 (2021):
https://dydx.exchange/blog/alpha
CoinDesk’s coverage:
https://www.coindesk.com/defi-tech-cefi-speed-dydx-touts-new-starkware-integration
Learn more about your ad choices. Visit megaphone.fm/adchoices
Antonio Juliano, founder of the decentralized exchange dYdX, and Eli Ben-Sasson, cofounder of StarkWare, discuss the recent launch of dYdX on Ethereum layer 2 using StarkWare’s scaling technology. In this episode, they cover:
what cross-margin perpetual trading is and why dYdX chose StarkWare to be its scaling partner (1:13)
ZK rollups and how they contrast with optimistic rollups (8:49)
how many transactions per second StarkWare can handle through its layer 2 solution (16:57)
lessons learned and critical takeaways from their six months spent working together (20:15)
the similarities between Ethereum and StarkNet (26:07)
why Antonio believes that scalability is more important than composability (27:30)
the benefits of decentralized exchanges and how dYdX fits into the dex marketplace (31:54)
why dYdX chose Chainlink as its oracle provider, and how it got oracle prices onto layer 2, which previously had none (38:11)
why Cairo, StarkWare’s Turing-complete programming language and platform, can be the “one verifier to rule them all” (42:10)
what it was like for StarkWare to compete in the Great Reddit Scaling Bake-Off (45:41)
whether or not DeFi could handle a GameStop/Robinhood situation (48:56)
fair launch tokens versus VC tokens (54:12)
the likelihood of dYdX and StarkWare each creating a token (58:19)
upcoming developments and projects for both companies (1:02:14)
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla
Square: https://square.com/go/unchained
Episode Links:
Antonio Juliano
Twitter: https://twitter.com/AntonioMJulianoEli Ben-Sasson
Twitter: https://twitter.com/EliBenSassondYdX
Twitter: https://twitter.com/dydxprotocol
Website: https://dydx.exchange/
Exchange: https://alpha.dydx.exchange/trade/BTC-USD
Reading Material
Recent funding: https://www.coindesk.com/big-guns-back-10m-investment-in-defis-dydx
2020 in review: https://dydx.exchange/2020.pdf
Decrypt profile: https://decrypt.co/resources/dydx-ethereum-margin-trading-platform-explained-learn
Medium post: https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd
StarkWare
Twitter: https://twitter.com/StarkWareLtd
Website: https://starkware.co/
Reading Material:
ZK roll-up explainer: https://medium.com/starkware/on-the-road-to-starknet-a-permissionless-stark-powered-l2-zk-rollup-83be53640880
Understanding Cairo: https://medium.com/starkware/hello-cairo-3cb43b13b209
Funding: https://www.coindesk.com/paradigm-leads-30-million-funding-for-crypto-privacy-startup-starkware
dYdX and StarkWare Relationship
Original Twitter announcement (2020):
https://twitter.com/dydxprotocol/status/1295791012552597507?s=20
The Block’s original coverage:
https://www.theblockcrypto.com/linked/75209/dex-dydx-starkware-layer-2
Layer 2 is live announcement:
https://twitter.com/dydxprotocol/status/1364591430447091719
Blog post on why dYdX is moving to Layer 2 (2021):
https://dydx.exchange/blog/alpha
CoinDesk’s coverage:
https://www.coindesk.com/defi-tech-cefi-speed-dydx-touts-new-starkware-integration
Learn more about your ad choices. Visit megaphone.fm/adchoices