DiscoverBanklessdYdX Abandons Ethereum?! with Founder, Antonio Juliano
dYdX Abandons Ethereum?! with Founder, Antonio Juliano

dYdX Abandons Ethereum?! with Founder, Antonio Juliano

Update: 2022-06-29
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Description

Last week, one of Ethereum’s biggest L2-integrated dapps — derivatives giant dYdX — announced plans to depart Ethereum upon its upcoming v4 release. The destination? A fully sovereign blockchain on the Cosmos Tendermint consensus protocol, built using the Cosmos software development kit.

We brought on dYdX, Founder, Antonio Juliano to discuss this announcement and so much more.

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Topics Covered:

0:00 Intro
7:00 The Announcement
14:38 Creating the Best Product
25:10 Decentralization
33:50 The Risks
37:55 Wallets
40:07 Staking Validators
46:05 Monetary Policy & Latency
54:44 Tradeoffs with Ethereum
59:55 Legal Reasons
1:06:00 Real Centralization
1:14:20 Bridging & Composability
1:24:00 Closing

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Resources:

Antonio on Twitter:
https://twitter.com/AntonioMJuliano 

Announcement:
https://twitter.com/dYdX/status/1539607062291877889 

Why Would a dApp Leave Ethereum Right Now?
https://newsletter.banklesshq.com/p/dydx-cosmos-ethereum? 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

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dYdX Abandons Ethereum?! with Founder, Antonio Juliano

dYdX Abandons Ethereum?! with Founder, Antonio Juliano