dYdX Abandons Ethereum?! with Founder, Antonio Juliano

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. ------ 📣 NOTIONAL | Real DeFi Yield https://bankless.cc/Notional  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ROCKET POOL | STAKE YOUR ETH https://bankless.cc/RocketPool  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido  🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger  ------ 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 ------ 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?  ----- 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