The New DeFi Meta with Paradigm’s Head of Research, Dan Robinson
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 3 August 2023
⏱️ 71 minutes
🧾️ Download transcript
Summary
Dan Robinson is GP and Head of Research at Paradigm. He, over the years, has done a lot of deep thinking about markets, auctions, and liquidity in DeFi, with a particular focus on Uniswap and Uniswap V3. Recently, Uniswap Labs released UniswapX, a new dutch auction mechanism, that Dan thinks changes the meta for swapping assets in DeFi, MEV, chain interoperability, and much more.
The last time Dan was on Bankless was September 2020…almost 3 years ago! If you have ever heard Ryan or I say the phrase “Ethereum is a dark forest”...it came from that episode.
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TIMESTAMPS
0:00 Intro
6:00 Why UniswapX is Needed
11:09 What’s New About UniswapX?
14:00 Intents
16:25 The Magic Behind MEV Reduction
20:00 Order Flow Auctions
26:25 It’s Still Early
33:05 Who Are the Nanobots?
37:42 How Rollups Will Change
42:22 How Bridges Will Change
49:55 UniswapX Complements Uniswap v4
53:30 What Uniswap v4 Do for LPs?
59:15 LPing with Uniswap v4 vs. v3
1:04:11 Uniswap’s App Layer & Yields
1:06:05 Why Be Excited About Suave
1:09:55 Closing & Disclaimers
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RESOURCES
Dan Robinson
https://twitter.com/danrobinson
https://twitter.com/danrobinson/status/1681061703818305536
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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 | Welcome, Bangladesh nation to state of the nation where we dive down into a topic that |
| 0:07.2 | is currently floating around the world of crypto. |
| 0:10.5 | This week on State of the Nation, we are talking with Dan Robinson, head of research, GP |
| 0:14.8 | at Paradigm. |
| 0:15.8 | Recently across my Twitter feed, I saw a tweet thread from Dan Robinson about how there |
| 0:19.5 | are five big ways that Uniswap X changes the game for swapping in DeFi, swapping in crypto. |
| 0:27.4 | I learned a ton in this tweet thread, and I thought it would be super useful if Dan |
| 0:31.4 | Robinson came on to the show and explained each point himself here, and so that is what |
| 0:35.6 | you are about to get here today. |
| 0:37.3 | Because Uniswap X doesn't just stop at Uniswap X, it also brings with it a bunch of new |
| 0:42.4 | changes for the DeX landscape that impacts so many other things across DeFi, across Ethereum. |
| 0:49.6 | It impacts its bridges, it impacts rollups, it impacts MEV, it impacts market makers, and |
| 0:56.0 | so there's about to be perhaps, if you believe, in this new intent-based paradigm, which |
| 1:01.3 | is something that we will define in the show, it flips a lot of what it means to be a DeX, |
| 1:06.1 | or to be a DeX swapper on its head, so you're going to learn about all of these details |
| 1:10.3 | in this coming new meta for DeFi, as well as what it means for you, the user, you, the |
| 1:15.3 | swapper, and also perhaps you, the LP, if you are an LP in this world of DeFi as well. |
| 1:21.4 | And we also open up some other doors, is what does the future of LP yields in Uniswap |
| 1:26.9 | look like? |
| 1:27.9 | What can Uniswap V4 do for LP's, well, Uniswap X is focusing on swappers, and why swappers |
| 1:34.2 | and LP's are the two parts of a DeX that need to be held in the highest regard, and why |
| 1:39.8 | everything else is secondary, and then also we open the door to what FlashBoss is working |
... |
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