Antonio Juliano, founding father of the decentralized alternate dYdX, and Eli Ben-Sasson, cofounder of StarkWare, focus on the latest launch of dYdX on Ethereum layer 2 utilizing StarkWare’s scaling expertise. In this episode, they cowl:
0:00 – welcome to Unchained
1:13 – what cross-margin perpetual buying and selling is and why dYdX selected StarkWare to be its scaling accomplice
8:49 – ZK rollups and the way they distinction with optimistic rollups
16:57 – what number of transactions per second StarkWare can deal with via its layer 2 resolution 20:15 – classes realized and significant takeaways from their six months spent working collectively
26:07 – the similarities between Ethereum and StarkNet
27:30 – why Antonio believes that scalability is extra necessary than composability
31:54 – the advantages of decentralized exchanges and the way dYdX matches into the dex market
38:11 – why dYdX selected Chainlink as its oracle supplier, and the way it obtained oracle prices onto layer 2, which beforehand had none
42:10 – why Cairo, StarkWare’s Turing-complete programming language and platform, could be the “one verifier to rule all of them”
45:41 – what it was like for StarkWare to compete within the Great Reddit Scaling Bake-Off
48:56 – whether or not or not DeFi may deal with a GameStop/Robinhood state of affairs
54:12 – truthful launch tokens versus VC tokens
58:19 – the probability of dYdX and StarkWare every creating a token
1:02:14 – upcoming developments and initiatives for each firms
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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 overview: 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 unique protection:
https://www.theblockcrypto.com/linked/75209/dex-dydx-starkware-layer-2
Layer 2 is reside announcement:
https://twitter.com/dydxprotocol/status/1364591430447091719
Blog post on why dYdX is transferring to Layer 2 (2021):
https://dydx.exchange/blog/alpha
CoinDesk’s protection:
https://www.coindesk.com/defi-tech-cefi-speed-dydx-touts-new-starkware-integration
Other
CoinDesk on Ethereum Layer 1 vs. Ethereum Layer 2:
https://www.coindesk.com/value-layer-one-layer-two
Roll-ups as throughput options:
https://www.coindesk.com/ethereum-dapps-rollups-heres-why
Vitalik on optimistic rollups vs. ZK-rollups:
https://vitalik.ca/general/2021/01/05/rollup.html
Antonio exhibiting how dYdX works:
https://twitter.com/AntonioMJuliano/status/1364760651579551744
Optimistic Rollup Dilemma (written by StarkWare)
https://medium.com/starkware/the-optimistic-rollup-dilemma-c8fc470ca10c
ChainLink Tweet on dYdX + StarkWare relationship:
https://twitter.com/chainlink/status/1364726829702148102
The Great Reddit Scaling Bake-Off
https://www.reddit.com/r/ethereum/comments/hbjx25/the_great_reddit_scaling_bakeoff/
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