Don't miss our latest episode of Bell Curve! 📺 Austin Adams, Myles O'Neil, VelvetMilkman, and Mippo 🟪 discussed: - DEX mechanics & pump.fun - Permissionless capital formation - Publisher exchanges - And more! Timestamps: (0:00) Introduction (4:33) How Does

Largely agree with this. Metrics are hierarchical, and base layers should be optimizing for a higher level growth metric, more like marketplace GMV Gross value transacted across all apps (GMV) ⬇️ Application take rate (or app + execution take rate for modular systems) ⬇️ Base

Order info leakage is a problem that extends far beyond crypto as detailed in this thread. Bullish Nuveaux Trading and other teams building solutions that can find near-term PMF with crypto natives, but have the potential to expand to much larger markets in the longer term

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NEW POD 🗣️ Cooper, VelvetMilkman, and Myles O'Neil joined Mippo 🟪 to discuss: - L1 governance today - Was SIMD-228 rushed? - Why hold L1 tokens? - And more! Links below 👇

governance has been one of the most disappointing and contemptuous aspects of decentralization. we focus mostly on L1s in this episode and share some insights and thoughts on the recent SIMD-228 proposal, our shared experience in Cosmos governance, and the difficulties networks

Aid funding is complex, costly and opaque—CoalaPay.org is fixing it with stablecoins If you have spare change in your wallet, donate to their Myanmar Earthquake Relief Fund supporting local responders 👇

as creating software becomes 100x easier, funding and monetizing it should too intrigued by Ohara's experiment with App Coins for internet native capital formation for vibe coded apps

Introducing SNAIL Verifiable computation at 1.2-1.3x the speed of native execution*, more than 10,000x faster than state-of-the-art SNARKs * for e.g. typical zkVM computations

The solution that CZ proposes is: "make another trading venue for whales" which replicates the insider games in TradFi and fragments markets. Vigil Markets's approach allows all types of flows to interact, solving info leakage without fragmenting markets.

Reverie is the perfect home for high agency, high integrity people that cut through the noise and think from first principles. This is a very rare opportunity to work with some of the best investors and builders in the space. Excited for whoever takes this role!

Similar to L1's, there's a lot more juice to squeeze in the design space for exchanges than people might think. Awesome piece by Dhruba Basu who's building towards this endgame at Vigil Markets!

Brink will guide you home And ignite your bones And I will try to fix [your margins] Get early access to Brink and save up to 90% on transaction cost. 👉 . brinkpay.io

you’ll be hearing more from me

I love the unintended consequences that come from creating content. Every week people message and say “I heard this episode or read your tweet and it inspired me to do X” In this case, the Hoskinson pod inspired Ole to get back in the game. Pretty cool, Ole is great, big W.

Optimizing for the average case

Your favorite blockchain has a boundary blocking it off from the internet Reaching Web2-like levels of devex, performance, UX etc within the blockchain is just not happening Instead: delete the boundary delta

probably Daisy and Clam are leveraging the best web3 properties in order to “solve” content monetization for creators. And they are taking on this challenge by building a product that people will actually want to pay for, rather than pushing creators and their audience to

How do we fix media and its monetization?probably Daisy is getting to the bottom of it.

«Blockchain» shouldn’t be a top-level category just as «key-value store» isn’t (database is) Gotta move beyond 1000 shades of blockchain and start exploring other kinds of verifiable state machines Domains are one such thing