How Solana and Pyth Aim To Take DeFi to the Next Level
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 30 August 2021
⏱️ 60 minutes
🧾️ Download transcript
Summary
There's obviously a lot of interest in crypto and DeFi these days. And while it's growing rapidly, it's still not cutting much into traditional finance business lines. For the most part, trading on blockchains is slow and costly. But some projects don't accept the premise that blockchains have to be slow and inefficient. Solana is an Ethereum competitor whose native token has been soaring. And unlike Ethereum, its transactions are cheap and ultrafast. So what tradeoffs does it make? And what projects are being built on top of it? On this episode, we speak with Solana founder Anatoly Yakovenko and Kanav Kariya of Jump Trading, who is involved with an oracle project called Pyth.
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| 0:54.0 | Hello and welcome to another episode of the Adlots podcast. |
| 0:58.0 | I'm Joe Weisenthal. |
| 0:59.9 | And I'm Tracy Alloway. |
| 1:01.9 | It's so Tracy. Obviously, we've done a handful of crypto, |
| 1:06.8 | DeFi episodes in the last few months. |
| 1:10.6 | Obviously, area of growing interest. |
| 1:12.6 | I would still say, however, that for all the enthusiasm, by and large, |
| 1:17.8 | it doesn't seem like anything crypto DeFi is seriously cutting into traditional finance |
| 1:24.8 | in a big way yet. It still feels like a pretty separate universe. |
| 1:30.2 | Yeah, well, this is a point that you've brought up on a number of those episodes. |
| 1:33.5 | This idea that we have DeFi, but so far, it basically seems to be sort of self-dealing |
| 1:40.0 | in crypto and in various tokens. |
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