Empire

Jason Yanowitz & Santiago Santos | Blockworks

Hosted by Jason Yanowitz and Santiago Roel Santos, Empire is your look behind the curtain of the crypto industry.

  • 1 hour 7 minutes
    The Dark Side of Token Launches | Arthur Cheong & Sean Lippel

    In today's episode Jason is joined by Arthur of DeFiance Capital and Sean of Fintech Collective. They kick off the episode by discussing the current state of token launches, highlighting the unsustainable model of low float and high fully diluted valuations that often leave retail investors at a disadvantage. They explore the challenges in accurately valuing crypto assets and the need for better alignment of incentives between teams, investors, and the broader market. The episode concludes with Arthur and Sean sharing their high-conviction bets for this market cycle. Thanks for tuning in!


    - -

    Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.

    Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire


    Follow Arthur: https://twitter.com/Arthur_0x

    Follow Sean: https://twitter.com/seanlippel

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Start your day with crypto news, analysis and data from Katherine Ross and David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all. 


    Get started at:

    portal.arbitrum.io 

    - -

    This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.


    For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription.


    Visit aura.com/blockworks to sign up for your free trial.

    - -

    SKALE is a modular, AppChain network that offers zero gas fee transactions and instant finality. Tailored for ease of development and onboarding, SKALE's configurable EVM chains enable next-gen use cases in gaming, AI, DePin, and others. With over 20,000,000 users having saved over $6 Billion on gas fees, SKALE is the blockchain for mass adoption.


    Bridge to SKALE at portal.skale.space and stay up to date with the gasless blockchain at @skalenetwork

    - -

    Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system.


    If you believe in this on-chain financial system, join Kinto's launch program (Engen) and become a founding member at engen.kinto.xyz

    - -

    Timestamps:

    (0:00) Introduction

    (01:52) Crypto VCs are Broken

    (14:31) Best Token Launch Model

    (22:11) Valuing Crypto Assets

    (29:20) Arbitrum Ad

    (30:08) Aura Ad

    (30:56) Kinto Ad

    (31:52) Skale Ad

    (33:08) Evaluating LDO & ETHFI

    (51:57) Active Investments

    (57:51) Highest Conviction Bets

    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    14 May 2024, 11:00 am
  • 1 hour 8 minutes
    Who is Responsible for Low Float, High FDV? | Roundup

    In this episode, Santi and Yano kick off the episode by discussing the market's choppy consolidation period and comparing it to previous cycles. They delve into the emergence of social finance apps like Fantasy and Pump Dot Fun, and explore the dynamics of high FDV, low float tokens and the role of VCs in the industry. Santi then breaks down his Coinbase and Solana trades. To close out they touch on WIF's strong performance despite the choppy period and its cycle potential. Thanks for tuning in!

    - -

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Start your day with crypto news, analysis and data from Katherine Ross and David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Sei Labs believes the EVM is here to stay.


    By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.


    Try out sei v2 devnet - visit the new sei.io to find out more.

    - -

    This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.


    For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription.


    Visit aura.com/blockworks to sign up for your free trial.

    - -

    Mantle Network is an Ethereum Layer 2 that aims to bring super-scalability to Ethereum by taking a modular approach that offers low fees and high security.


    Mantle recently launched their airdrop program "Rewards Station" to holders of its native token, $MNT. The Rewards Station program distributes pre-sale token allocations or listed token to $MNT holders who stake their $MNT.

    Check out the rewards station: https://www.mantle.xyz/rewards-station

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    (00:00) Yano's Fashion Advice

    (06:07) Is this Cycle Different?

    (13:39) Focusing a Portfolio

    (17:42) Blockworks Podcast Thesis

    (23:30) Crypto's SocialFi Era

    (39:24) Sei Ad

    (40:22) Aura Ad

    (41:11) Marinade Ad

    (42:15) Skale Ad

    (43:32) Are Points Over?

    (49:15) Coinbase Earnings

    (01:00:42) Memecoin Thesis

    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    10 May 2024, 12:55 pm
  • 38 minutes 40 seconds
    How to Fix Crypto Lending | Bill Barhydt, Abra

    In this episode, we sit down with Bill Barhydt, CEO and founder of Abra, to discuss the company's journey through the crypto lending crash and their groundbreaking SEC approval as a registered investment advisor. Bill shares insights on the benefits of separately managed accounts (SMAs) in the crypto space and how they differ from the pooled funds model that led to the downfall of many crypto lenders. He also dives into the future of banking, which he believes will be shaped by the tokenization of real-world assets, access to DeFi, and the use of SMAs to minimize risk. The conversation also touches on the current regulatory landscape in the U.S., the potential impact of the upcoming election on the crypto industry, and Abra's vision of empowering people to be their own bank. Enjoy!

    - -

    Follow Bill: https://twitter.com/billbarX

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.

    Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire


    Get top market insights and the latest in crypto news.

    Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Get your tickets to permissionless before prices go up!

    Use code EMPIRE10 at checkout for 10% off your ticket.

    https://blockworks.co/permissionless

    - -

    Timestamps

    (0:00) Introduction

    (1:15) Why Crypto Banks Blew Up

    (14:48) SMA Model Standard

    (17:38) Smart Contract Risk

    (20:07) DeFi Platform Selection & Yield

    (23:59) Future of Crypto Lending

    (29:23) Macro Outlook

    (34:13) Impact of Election on Crypto

    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.t

    9 May 2024, 12:00 pm
  • 1 hour 7 minutes
    Kraken: The Crypto Native's Powerhouse Exchange | Dave Ripley

    In this episode, Jason is joined by Dave Ripley, CEO of Kraken. They discuss the challenges and opportunities of operating a major crypto exchange over the past year. Dave dives into Kraken's focus on professional traders, their expansion into retail markets, and the importance of building a bridge between traditional finance and the crypto ecosystem. Dave also shares insights on navigating market cycles as a crypto business, the value of hiring crypto-native talent, and his thoughts on the future of centralized exchanges as more activity moves on-chain.

    - -

    Follow Dave: https://twitter.com/DavidLRipley

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all. 


    Get started at:

    portal.arbitrum.io 

    - -

    This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.


    For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription.


    Visit aura.com/blockworks to sign up for your free trial.

    - -

    SKALE is a modular, AppChain network that offers zero gas fee transactions and instant finality. Tailored for ease of development and onboarding, SKALE's configurable EVM chains enable next-gen use cases in gaming, AI, DePin, and others. With over 20,000,000 users having saved over $6 Billion on gas fees, SKALE is the blockchain for mass adoption.


    Bridge to SKALE at portal.skale.space and stay up to date with the gasless blockchain at @skalenetwork

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    0:00 Introduction

    02:18 Dave's Kraken Origin Story

    11:07 Kraken User Strategy

    23:12 Kraken's 5 Year Business Model

    32:02 Arbitrum Ad

    32:49 Aura Ad

    33:38 Marinade Ad

    34:42 Skale Ad

    35:59 Regulatory Concerns of L2s

    43:40 24/7 NYSE

    51:30 Operating in Market Cycles

    58:28 Best People to Hire

    01:02:01 This Cycle's Expectation


    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.t

    7 May 2024, 11:00 am
  • 1 hour 13 minutes
    Movement & Aptos: Making Security Sexy Again | Rushi Manche & Neil Harounian

    In this episode, Santi is joined by Neil, head of ecosystem at Aptos, and Rushi, founder of Movement Labs, to discuss the Aptos ecosystem and the Move programming language. They dive into the unique features and benefits of Move, the importance of security in blockchain development, and the collaborative efforts to grow the Move ecosystem. Neil and Rushi also share insights on the impressive growth and adoption of Aptos, as well as their focus on empowering builders and democratizing access to Move. Thanks for tuning in!

    - -

    Follow Rushi: https://twitter.com/rushimanche

    Follow Neil: https://twitter.com/neilhar_

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Sei Labs believes the EVM is here to stay.


    By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.


    Try out sei v2 devnet - visit the new sei.io to find out more.

    - -

    This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.


    For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription.


    Visit aura.com/blockworks to sign up for your free trial.

    - -

    Mantle Network is an Ethereum Layer 2 that aims to bring super-scalability to Ethereum by taking a modular approach that offers low fees and high security.


    Mantle recently launched their airdrop program "Rewards Station" to holders of its native token, $MNT. The Rewards Station program distributes pre-sale token allocations or listed token to $MNT holders who stake their $MNT.

    Check out the rewards station: https://www.mantle.xyz/rewards-station

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    (00:00) Introduction

    (06:26) Why Aptos & Move Language

    (19:18) Institutional Support

    (29:00) Aptos Roadmap

    (35:06) Sei ad

    (36:04) Aura Ad

    (36:52) Marinade Ad

    (37:57) Mantle Ad

    (38:54) Onchain User Behaviors

    (46:05) TVL Growth Strategy

    (59:56) Move Alternative Chains

    (01:09:11) Integrated vs Modular

    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    3 May 2024, 11:00 am
  • 51 minutes 38 seconds
    Time To Buy The Dip? | 1000x

    This week we discuss is it time to buy the dip? After calling the local top at $70k, is the setup more bullish now for a continued bull market post halving? We deep dive into the bull case for ETH, finding the next big trade, structuring a trade & finding alpha. Enjoy!

    --

    Follow Avi: https://twitter.com/AviFelman

    Follow Jonah: https://twitter.com/jvb_xyz

    Follow 1000x: https://twitter.com/1000xPod


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    --

    Perennial is an on-chain derivatives protocol built from first principles to be a DeFi primitive. The core protocol is minimalist, flexible, and efficient, allowing Perennial to mold to the needs of many different users & use cases.


    Perennial has a super efficient core protocol that lets LPs use native maker leverage — allowing $1mn in TVL to back to $5-10mn in Open interest.


    Trade and LP at: https://perennial.finance/1000x

    Social: https://twitter.com/perenniallabs

    --

    Timestamps:

    (0:00) Turning Bearish At $70k, Time To Flip Bullish?

    (12:45) Perennial Ad

    (14:17) The Bull Case For ETH

    (23:16) Beaten Down Projects, Supply Unlocks & Finding The Next Big Trade

    (30:51) Staking vs Supply Dilution

    (32:30) TradFi Risk-Off

    (38:26) Trade Structure & Grok For Alpha

    --

    Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

    2 May 2024, 3:23 pm
  • 1 hour 13 minutes
    Building the Perfect Crypto Portfolio | Avi Felman & Roshun Patel

    In this episode, Santi & Jason talk with Avi and Ro about the current state of the crypto market cycle in both private and liquid markets. They discuss Avi's "bearish" outlook driven by diminishing ETF inflows and stablecoin market caps, Ro's perspective on crywpto venture investing, and how this cycle compares to the last one. The conversation dives into the Solana IOUs auction, the upcoming Ethereum ETF catalyst, and the (un)productive nature of assets like Eigen Layer's restaking product and Bitcoin DeFi. Avi and Ro also outline their framework for crypto portfolio construction and the key indicators they watch. The episode concludes with their 12-month price predictions for BTC, ETH and SOL.


    - -

    Follow Avi: https://twitter.com/AviFelman

    Follow Ro: https://twitter.com/roshunpatel

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all. 


    Get started at:

    portal.arbitrum.io 

    - -

    This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.


    For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription.


    Visit aura.com/blockworks to sign up for your free trial.

    - -

    SKALE is a modular, AppChain network that offers zero gas fee transactions and instant finality. Tailored for ease of development and onboarding, SKALE's configurable EVM chains enable next-gen use cases in gaming, AI, DePin, and others. With over 20,000,000 users having saved over $6 Billion on gas fees, SKALE is the blockchain for mass adoption.


    Bridge to SKALE at portal.skale.space and stay up to date with the gasless blockchain at @skalenetwork

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    (00:00) Introduction

    (04:28) Avi's Bearish Take

    (09:41) Ro's Private Market Perspective

    (16:42) Ethereum's Bull Case

    (27:42) Private & Liquid Ratio

    (36:49) Arbitrum Ad

    (37:26) Aura Ad

    (38:25) Marinade Ad

    (39:29) SKALE ad

    (40:46) Solana's Trade

    (45:44) Cycle Timing & Comparison

    (54:23) Fundamentals of DeFi

    (01:01:06) What Everyone is Missing?

    (01:11:14) Price Predictions

    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    30 April 2024, 11:00 am
  • 1 hour 11 minutes
    How to Value L1s, L2s, and Crypto Assets | Kyle Samani

    In this episode of Empire, Jason and Santi are joined by special guest Kyle Samani to dive deep into valuing L1 and L2 crypto assets. The conversation covers the importance of MEV as the primary value accrual mechanism rather than transaction fees, the challenges in standardizing valuations across different blockchain architectures, and the evolving fee market designs. They also discuss the true costs and benefits of token airdrops for bootstrapping ecosystems. Thanks for tuning in!


    Sign up for the Empire newsletter: https://empire-31ed59.beehiiv.com/subscribe

    - -

    Resources

    https://youtu.be/aCHY9iPS8sI?feature=shared

    https://x.com/kylesamani/status/1721964311008956809

    - -

    Follow Kyle: https://twitter.com/KyleSamani

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Sei Labs believes the EVM is here to stay.


    By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications.


    Try out sei v2 devnet - visit the new sei.io to find out more.

    - -

    Mantle Network is an Ethereum Layer 2 that aims to bring super-scalability to Ethereum by taking a modular approach that offers low fees and high security.


    Mantle recently launched their airdrop program "Rewards Station" to holders of its native token, $MNT. The Rewards Station program distributes pre-sale token allocations or listed token to $MNT holders who stake their $MNT.

    Check out the rewards station: https://www.mantle.xyz/rewards-station

    - -

    Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity defi, consumer facing applications, and more generally allow crypto to scale to the masses.


    If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards.


    Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk.


    Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    (00:00) Introduction

    (02:43) Crypto as Commodities

    (08:50) MEV Fee Stream for Networks

    (18:53) L1 Token Valuation

    (21:31) Updated Solana Thesis

    (33:160 SEI Ad

    (34:14) Monad Ad

    (35:12) Marinade Ad

    (36:17) Mantle Ad

    (37:14) Fee Markets & Performant Infra Valuations

    (42:40) Income Statements of L1s & L2s

    (58:10) Cost of Airdrops

    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    26 April 2024, 11:00 am
  • 1 hour 39 minutes
    Behind the Scenes of Restaking | Brandon Curtis & Myles O'Neil

    In this deep dive episode, Brandon Curtis (Rio), Myles O'Neil (Reverie), and Ryan West (Blockworks Research) unpack the emerging world of restaking on Ethereum. The conversation starts with a detailed look at the restaking supply chain, from ETH deposits in LRTs to securing AVSs. The group discusses the key differences between LRTs and LSTs, yield strategies, and fragmented user preferences. They also explore the dynamics between LRTs and AVSs, including the leverage AVSs currently have and the challenges with off-chain "handshake" agreements. Thanks for tuning in!

    - -

    Follow Myles: https://twitter.com/MylesOneil

    Follow Brandon Curtis: https://twitter.com/bcmakes

    Follow Westie: https://twitter.com/WestieCapital

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

    Subscribe on Apple: https://tinyurl.com/mv4frfv7

    Subscribe on Spotify: https://tinyurl.com/wbaypprw


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all. 


    Get started at:

    portal.arbitrum.io 

    - -

    Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity defi, consumer facing applications, and more generally allow crypto to scale to the masses.


    If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad

    - -

    SKALE is a modular, AppChain network that offers zero gas fee transactions and instant finality. Tailored for ease of development and onboarding, SKALE's configurable EVM chains enable next-gen use cases in gaming, AI, DePin, and others. With over 20,000,000 users having saved over $6 Billion on gas fees, SKALE is the blockchain for mass adoption.


    Bridge to SKALE at portal.skale.space and stay up to date with the gasless blockchain at @skalenetwork

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    00:00 intro

    02:37 Restaking Supply Chain

    10:56 Restaking Today

    18:11 LRTs & AVS Dynamics

    30:54 LRT Selection Process

    41:21 AVS Leverage Advantage

    45:21 Arbitrum Ad

    46:09 Monad Ad

    47:07 Marinade Ad

    48:12 Skale Ad

    49:28 AVS Security

    55:09 LRTs vs LSTs

    01:07:06 LRT Risk & Yield Strategies

    01:17:07 Native vs External Staking

    01:26:26 Eigen Layer Competitors


    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    23 April 2024, 11:00 am
  • 1 hour 24 minutes
    CoinFund's Playbook for a Crypto Supercycle | Jake Brukhman & Seth Ginns

    In this episode, Jason sits down with Jake Brukhman and Seth Ginns, co-founders and managing partners at CoinFund. They dive deep into CoinFund's origin story, investment philosophy, and how the firm navigates the complex landscape of liquid and venture investing in the crypto space. Jake and Seth share their insights on the current crypto market cycle, drawing comparisons to previous cycles and discussing potential scenarios for how this one may unfold differently. They explore the intersection of AI and crypto, with Jake highlighting the importance of decentralization and democratization in the development of AI to avoid dangerous centralized control by a few big tech companies. Stay tuned for all of this and much more!


    - -

    Follow Jake: https://twitter.com/jbrukh

    Follow Seth: https://twitter.com/sethginns

    Follow Jason: https://twitter.com/JasonYanowitz

    Follow Santiago: https://twitter.com/santiagoroel

    Follow Empire: https://twitter.com/theempirepod


    Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

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    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    - -

    Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity defi, consumer facing applications, and more generally allow crypto to scale to the masses.


    If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad

    - -

    Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.

    https://blckwrks.co/Marinade

    - -

    Timestamps:

    (00:00) Introduction

    (01:50) CoinFund Origin Story

    (12:53) Web2 vs Crypto Venture

    (27:28) Liquid Investing

    (36:00) Determining Valuations

    (44:54) Monad Ad

    (45:53) Marinade Ad

    (47:00) Opportunity in Interop

    (55:32) Market Cycles

    (01:11:16) Crypto & AI Thesis


    - -

    Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

    19 April 2024, 11:00 am
  • 48 minutes 19 seconds
    Does The Bitcoin Halving Still Matter? | 1000x

    This week we discuss the current state of crypto after the weekend flash crash. As Bitcoin struggles to break $70,000 with conviction, will the 2024 halving be a strong catalyst for more bullish price action going forward?


    We also walk through some of crypto's most promising use cases: Ondo, Hyperliquid & Ethena. Enjoy!

    --

    Follow Avi: https://twitter.com/AviFelman

    Follow Jonah: https://twitter.com/jvb_xyz

    Follow 1000x: https://twitter.com/1000xPod


    Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

    --

    Perennial is an on-chain derivatives protocol built from first principles to be a DeFi primitive. The core protocol is minimalist, flexible, and efficient, allowing Perennial to mold to the needs of many different users & use cases.


    Perennial has a super efficient core protocol that lets LPs use native maker leverage — allowing $1mn in TVL to back to $5-10mn in Open interest.


    Trade and LP at: https://perennial.finance/1000x

    Social: https://twitter.com/perenniallabs

    --

    Timestamps:

    (0:00) Introduction

    (2:27) Bitcoin Struggles To Break $70,000

    (7:11) Risk Of Further Conflict?

    (16:02) Perennial Ad

    (17:33) The Bitcoin Halving

    (24:02) The Bitcoin & Meme Coin Barbell Strategy

    (32:42) Crypto Use Cases: Ondo, Hyperliquid & Ethena

    --

    Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

    18 April 2024, 5:16 pm
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