The Chopping Block: Why Everyone Is Talking About EigenLayer - Ep. 497

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 25 May 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner, chop it up about the latest news. In this episode, EigenLayer founder Sreeram Kannan explains his vision for providing “decentralized trust” to new projects on Ethereum. Was Vitalik Buterin’s recent “re-staking” post a shot across EigenLayer’s bow? Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: how Sreeram has transitioned from academia into the world of crypto why he believes that crypto is the “coordination highway” what EigenLayer is – explained to a five-year-old, a high schooler, a day trader, a developer, and a crypto professor how middleware enables technology innovation where the value accrues if there’s no token for securing a blockchain whether Vitalik is right in being concerned about the risk of corrupting validators what EigenLayer did to minimize risks and externalities to Ethereum whether protocols and applications will fork if they get hacked and whether Ethereum will “bail them out” Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Guest Sreeram Kannan, founder of EigenLayer Previous appearances on Unchained: Do You Need to Think Twice Before Restaking Your Assets? Disclosures Links Don't overload Ethereum's consensus by Vitalik Buterin Previous coverage of Unchained on Ethereum staking: Shapella in the Rearview: After Major Upgrade, What’s Next for Ethereum? How Will ETH React to Ethereum’s Shanghai Upgrade? Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum? In the Recent Crypto Market Meltdown, What Role Did Lido’s stETH Play? Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake Learn more: How Liquid Staking Works A Guide to Ethereum’s Shanghai Upgrade How to Stake Ethereum With Liquid Staking Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend. It's a tale of two pawns. Now your losses are on someone else's balance.
0:04.8	Generally speaking, air drops are kind of pointless anyways.
0:07.5	I made the trading firms who were very involved.
0:10.5	I like that heat of the ultimate problem.
0:12.7	DeFi protocols are the antidote to this problem.
0:16.7	Hello everybody, welcome to the chopping block. Every couple of weeks the four of us get together
0:20.0	and give the industry insider's perspective on the crypto topics of the day.
0:23.6	So quick intro, this first you got Tom, the DeFi maven and master of memes.
0:26.8	Next we've got Robert, the crypto connoisseur and captain of compound.
0:30.0	Then we've got Turun, the gigabrain and grandpa bot comment.
0:32.9	And today we've got special guests, Sriram, the luminary leader of eigenlayer.
0:36.9	And finally, there's myself, I'm the CEO of the head highway and a dragonfly.
0:40.2	So we're early stage investors in crypto, but I want to caveat that nothing we say here is
0:43.5	investment advice, legal advice, or even life advice.
0:46.0	Please see chopping block that XYZ for more disclosures.
0:48.7	Sriram, it's great to have you. For those of you who don't know, Sriram is a long-time professor
0:53.4	at UW at the University of Washington. And he's also a crypto founder,
0:57.2	founder of one of the hottest new projects called the eigenlayer.
1:00.0	Full disclosure, I think robot ventures, you guys are investors in eigenlayer, dragonfly is not,
1:04.0	but eigenlayer right now is kind of the talk of the town.
1:07.2	Like everybody is talking about eigenlayer.
1:09.2	To the point where you can got shouted out by Vitalik yesterday.
	...

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