Can dYdX Become a Decentralized BitMEX? How It Is Scaling With StarkWare - Ep.218

Published: March 9, 2021, 8:30 a.m.

b'Antonio Juliano, founder of the decentralized exchange dYdX, and Eli Ben-Sasson, cofounder of StarkWare, discuss the recent launch of dYdX on Ethereum layer 2 using StarkWare\\u2019s scaling technology. In this episode, they cover:\\n\\nwhat cross-margin perpetual trading is and why dYdX chose StarkWare to be its scaling partner (1:13)\\n\\nZK rollups and how they contrast with optimistic rollups (8:49)\\n\\nhow many transactions per second StarkWare can handle through its layer 2 solution (16:57)\\n\\nlessons learned and critical takeaways from their six months spent working together (20:15)\\n\\nthe similarities between Ethereum and StarkNet (26:07)\\n\\nwhy Antonio believes that scalability is more important than composability (27:30)\\n\\nthe benefits of decentralized exchanges and how dYdX fits into the dex marketplace (31:54)\\n\\nwhy dYdX chose Chainlink as its oracle provider, and how it got oracle prices onto layer 2, which previously had none (38:11)\\n\\nwhy Cairo, StarkWare\\u2019s Turing-complete programming language and platform, can be the \\u201cone verifier to rule them all\\u201d (42:10)\\n\\nwhat it was like for StarkWare to compete in the Great Reddit Scaling Bake-Off (45:41)\\n\\nwhether or not DeFi could handle a GameStop/Robinhood situation (48:56)\\n\\nfair launch tokens versus VC tokens (54:12)\\n\\nthe likelihood of dYdX and StarkWare each creating a token (58:19)\\n\\nupcoming developments and projects for both companies (1:02:14)\\n\\n\\xa0\\nThank you to our sponsors!\\xa0\\nCrypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021\\xa0\\nDownload the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla\\n\\xa0\\nSquare: https://square.com/go/unchained\\n\\xa0\\nEpisode Links:\\nAntonio Juliano\\nTwitter: https://twitter.com/AntonioMJuliano\\xa0\\nEli Ben-Sasson\\nTwitter: https://twitter.com/EliBenSasson\\xa0\\ndYdX\\n\\nTwitter: https://twitter.com/dydxprotocol\\n\\n\\nWebsite: https://dydx.exchange/\\xa0\\n\\nExchange: https://alpha.dydx.exchange/trade/BTC-USD\\xa0\\n\\nReading Material\\n\\nRecent funding: https://www.coindesk.com/big-guns-back-10m-investment-in-defis-dydx\\xa0\\n\\n2020 in review: https://dydx.exchange/2020.pdf\\xa0\\n\\nDecrypt profile: https://decrypt.co/resources/dydx-ethereum-margin-trading-platform-explained-learn\\xa0\\n\\nMedium post: https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd\\n\\n\\nStarkWare\\n\\nTwitter: https://twitter.com/StarkWareLtd\\xa0\\n\\nWebsite: https://starkware.co/\\xa0\\n\\nReading Material:\\n\\nZK roll-up explainer: https://medium.com/starkware/on-the-road-to-starknet-a-permissionless-stark-powered-l2-zk-rollup-83be53640880\\xa0\\n\\nUnderstanding Cairo: https://medium.com/starkware/hello-cairo-3cb43b13b209\\xa0\\n\\nFunding: https://www.coindesk.com/paradigm-leads-30-million-funding-for-crypto-privacy-startup-starkware\\n\\n\\ndYdX and StarkWare Relationship\\n\\nOriginal Twitter announcement (2020):\\xa0\\n\\n\\n https://twitter.com/dydxprotocol/status/1295791012552597507?s=20\\xa0\\n\\nThe Block\\u2019s original coverage:\\xa0\\n\\n\\n https://www.theblockcrypto.com/linked/75209/dex-dydx-starkware-layer-2\\xa0\\n\\nLayer 2 is live announcement:\\xa0\\n\\n\\n https://twitter.com/dydxprotocol/status/1364591430447091719\\xa0\\n\\nBlog post on why dYdX is moving to Layer 2 (2021):\\n\\n\\xa0https://dydx.exchange/blog/alpha\\xa0\\n\\nCoinDesk\\u2019s coverage:\\xa0\\n\\n\\n https://www.coindesk.com/defi-tech-cefi-speed-dydx-touts-new-starkware-integration\\xa0\\n\\n\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'