53 - Building DeFi on Layer 2 | Synthetix, Loopring, Immutable
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 22 February 2021
⏱️ 133 minutes
🧾️ Download transcript
Summary
Guests:
Justin Moses - CTO of Synthetix
Robbie Ferguson - Co-Founder & President of Immutable
Matt Finestone - Head of Business Development at Loopring
We discuss how these three voices in the crypto space have been integral in building successful DeFi products on the Ethereum mainnet. Listen in for a deep-dive into the different methods these protocols have taken to implement their apps on an Ethereum Layer 2.
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Topics Covered:
0:00 Intro
5:14 Loopring & ZK-Rollups
13:17 Immutable NFTs & ZK-Rollups
17:31 Synthetix & Optimistic Rollups
21:03 Why Ethereum? Why Rollups?
39:24 Layer 2 Efficacy/Roadmaps
1:01:25 Composability
1:18:22 L2 On-Ramps
1:27:52 Does L2 Compete w/ ETH?
1:34:47 Closing & Disclaimer
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Relevant Links:
Synthetix
https://synthetix.io/
Immutable
https://www.immutable.com/
Loopring
https://loopring.org/#/
An Incomplete Guide to Rollups (w/ Vitalik)
https://youtu.be/wcCHlqgGSH4
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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.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the friends here, Internet Money and Internet Finance. |
| 0:18.9 | This is how to get started, how to get better, and how to front front the opportunity. |
| 0:23.3 | This is Ryan Sean Adams. |
| 0:24.3 | I'm here with David Hoffman, and we're here to help you become more Bankless. |
| 0:29.2 | David, how you doing? |
| 0:30.4 | Absolutely fantastic, and much more knowledgeable after we just got done with this L2 Implementer's |
| 0:36.7 | panel. |
| 0:37.7 | We brought on three different individuals who are all working on three different projects |
| 0:41.6 | who are all implementing their application on a specific L2. |
| 0:46.1 | So we brought on Matt Feinstone, who works for business development at Loopering, Justin |
| 0:50.4 | Moses, the CTO of synthetics, and we also brought on Robbie Ferguson, who is the co-founder |
| 0:56.1 | behind Immutable X, which is a Z-Cabral based NFT exchange. |
| 1:00.0 | So the through line behind all three of these individuals is that they are working for |
| 1:04.5 | a protocol that is building something on an L2. |
| 1:07.6 | They are not an L2, they are building something on an L2, so there's an important differentiator |
| 1:13.8 | there. |
| 1:14.8 | So we talked to them about what it's been like going through the research phase, going |
| 1:18.7 | through the building phase, and where they are now, and then also where the roadmap is |
| 1:22.8 | ahead of them. |
| 1:23.8 | I found it extremely informative, and I'm sure the listeners will as well. |
| 1:27.4 | Yeah, absolutely. |
| 1:28.4 | So two things I want to say here. |
... |
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