Bridging Rollups, Sidechains, and Ethereum | Hop Protocol
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 24 October 2021
⏱️ 48 minutes
🧾️ Download transcript
Summary
Bankless Nation, meet Chris Whinfrey, CEO and Founder of Hop Protocol. Hop is a liquidity protocol that allows users to transfer assets across different Layer 2's and Rollups, currently supporting Ethereum Mainnet, Polygon, xDai, Optimism, and Arbitrum.
Removing the bottlenecks of returning to the L1 is a massive step forward in making Ethereum a modular, scaled ecosystem. Hop has contracts on Layer 1 and Layer 2s, with Hop tokens accounting for the exchanged liquidity across platforms.
With an emphasis on Hop's technical capabilities and user experience, we the project from top to bottom and the implications of what composability can do for DeFi.
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Topics Covered:
0:00 Intro
4:00 Chris Whinfrey of Hop Protocol
7:28 What Does it Mean To Hop?
15:03 Accounting for Assets
21:35 Bank Runs & Incentives
26:00 Non-EVM Chains
29:34 Providing Liquidity & Yield
36:20 Faster, Cheaper, Stronger
40:19 Hop’s Organization & Roadmap
43:20 Other Interests… NFTs & DAOs
46:02 Closing & Disclaimers
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Resources:
Chris on Twitter:
https://twitter.com/WhinfreyChris?s=20
Hop Links
- Twitter: https://twitter.com/HopProtocol?s=20
- Discord: https://discord.gg/PwCF88emV4
- Exchange: https://hop.exchange/
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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
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| 0:00.0 | Hey, Banquist Nation. Welcome to the Meet the Nation. Today we are exploring Hop Protocol |
| 0:12.6 | with CEO and founder Chris Winfrey. Hop Protocol is a cross L2 cross chain liquidity protocol |
| 0:20.4 | allowing you to hop from one L2 to another L2 to another L2 without having to go through |
| 0:26.4 | the bottlenecks of the L1. So the way that this works is that Hop has contracts on the L1. |
| 0:32.7 | It also has contracts on all the L2s and it also has these other hop tokens that are accounting |
| 0:39.9 | tools and using all of these collections of technologies as well as actual USDC or USDT |
| 0:45.9 | or ETH liquidity on all the L2s. It allows users to hop around all the L2s without having |
| 0:52.5 | to touch the L1. So we go into the details about how this works, the technical capabilities |
| 0:59.7 | of the Hop Protocol, what it's like for a user. We ask the question, what can Hop go from |
| 1:05.3 | L1 to L1? Can it also go from L2 of an L1 to a different L2 of a different L1? And then |
| 1:13.6 | we also ask about the organization of Hop Protocol, how it came to be, what its future |
| 1:18.3 | role maps are. And so overall, I think thorough in depth and the efficient conversation |
| 1:23.5 | of Hop Protocol. So I hope you guys enjoy this conversation and learn all about Hop Protocol. |
| 1:29.0 | There's links in the show notes with linking to their Discord and Telegram or if they |
| 1:33.2 | have one and Twitter. So if you want to join the Hop Community, you can go ahead and click |
| 1:37.5 | those links there. So let's go ahead and get right into it. But first, a moment to talk |
| 1:41.0 | about some of these fantastic sponsors that make this show possible. |
| 1:43.8 | Arbitrum is an Ethereum scaling solution that's going to completely change how we use |
| 1:47.9 | DeFi and NFTs. And now, it's live and has over 100 projects deployed. Gas fees on Ethereum |
| 1:53.3 | L1 suck. Too many people want to use Ethereum and it doesn't have enough capacity for all |
| 1:57.9 | of us. And that's why teams like Arbitrum have been hard at work developing layer 2 solutions |
| 2:02.1 | that makes transactions on Ethereum cheap and instant. Arbitrum increases Ethereum's throughput |
... |
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