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Unchained

Why Arbitrum Won Over Robinhood + A $59 Million Polymarket Controversy - Ep. 863

Unchained

Laura Shin

News, Tech News, Business News

4.51.3K Ratings

🗓️ 4 July 2025

⏱️ 74 minutes

🧾️ Download transcript

Summary

Today, we’ve got two very different stories in one episode. First, Steven Goldfeder, co-founder of Offchain Labs, joins Unchained to explain why Robinhood is rebuilding its product on the Arbitrum tech stack, what it says about crypto’s evolution, and how this could finally bridge Web2 and Web3. Then, Calvin Hamilton breaks down the bizarre $59 million bet on whether President Zelensky wore a suit — and why vague rules, a fateful tweet, and one protocol’s vote could damage Polymarket’s reputation. Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Focal by FalconX Ledn Steven Goldfeder, co-founder and CEO of Offchain Labs Calvin Hamilton, Polymarket bettor on the ‘yes’ of the Zelensky dispute. Unchained: Robinhood Is Building Its Own Layer 2 Blockchain Robinhood’s presentation at ETHcc: To Catch A Token Rob Hadick’s tweet on tokenized stocks  Timestamps: 🎬 0:00 Intro 🚀 1:44 Why Robinhood chose Arbitrum and how much control they really have 🧑‍💻 6:38 How Arbitrum Stylus could power better UX for Robinhood and beyond 🌊 10:26 Why liquidity fragmentation is still a major unsolved problem 🧲 11:41 What makes MEV capture so attractive to big players like Robinhood 🏆 13:48 Why tokenized stocks might be the “big prize” on Arbitrum 🌐 16:12 What it means to be part of the Arbitrum ecosystem 📊 18:02 How tokenized equities could change investing and what the risks are 🏛️ 21:11 Why the Arbitrum DAO stands to gain from this partnership 🔧 22:17 How Steven thinks fragmentation can be fixed more easily than most believe 🌉 25:52 Where the crypto-TradFi convergence is headed next 💬 29:40 Why Steven defends Ethereum and calls out the critics of L2s Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What can Unchained do for you? We want to know. Fill out our survey so we can serve you better

0:05.8

and you might win a free one-year subscription to Bits and Bips Premium. Visit UnchainedCripto.com

0:11.6

slash survey. That is Unchained Crypto.com slash survey or check out the show notes for this

0:17.0

episode. I think that that's a short-term problem because I actually think that we're at a

0:21.3

zero to one moment here. And as we look long-term, more and more of this is actually going to come

0:26.6

natively on chain. Vlad was on CNBC last week and he basically said, he used crypto as the next

0:32.3

evolution here. So we started off a pen and paper, you know, went to mainframe, you know, on site eventually, obviously, all the way to crypto.

0:40.5

And I'm sure when people move from pen and pen and paper to computerized or some friction there as well, the pen and paper couldn't keep up as well.

0:49.3

But I want to keep everything in pen and paper.

0:51.4

I think crypto is the rails of the future.

0:52.8

And we're all going to move there eventually.

0:58.8

Hi, everyone. Welcome to Unchained. You're a no high resource for all things crypto. I'm your host,

1:03.5

Laura Shin. Heads up, we have a double header today with two back-to-back interviews.

1:08.5

So after the first interview with Stephen Goldfetter of off-chain

1:11.3

labs, who spoke about the Robin Hood deal, we'll also hear about a $59 million controversy on

1:17.0

Polymarket. We love reading your listener comments, and we feature them in every episode. Today,

1:22.1

we have a comment from Potens on X, writing a response to our recent episode with Hossu and Vosceli

1:27.4

about Lido's launch of dual governance. Potence wrote X, writing a response to our recent episode with Hossu and Vossili about

1:27.8

Lido's launch of dual governance.

1:30.1

Potence wrote, dual governance is fascinating, balancing token holder interests with protocol

1:34.8

needs.

1:35.6

Curious to know if this model becomes the new standard for sustainable defy governance.

...

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