Bankless Bankless

Sergey Nazarov is the co-founder of Chainlink. Chainlink, you might know as the price oracles for DeFi… providing DeFi with the data it needs to know prices. More ambitious than just prices, Chainlink is aiming to become the interoperability layer between all of TradFi and all of DeFi, acting as a gateway between onchain and offchain data. We’re going to explore that vision today on Bankless. 
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-sergey-nazarov-chainlink 
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🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT 
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📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku 
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:30 The Chainlink Vision 
13:59 Offchain Computation 
20:35 Why Chainlink Is Here
28:20 Offchain Trust Maximization Technicalities 
31:31  Oracle Networks 
38:53 Dynamic Automated Inception Marketplaces
45:45 CCIP 
1:08:20 Why Swift Is Important
1:14:45 Banks to Blockchains 
1:25:18 DTCC Explained 
1:31:58  5 Levels of Crosschain Security 
1:38:40 Crypto in 2030 
1:44:40 Closing & Disclaimers 
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RESOURCES
Chainlink
https://chain.link 
CCIP 
https://chain.link/cross-chain 
The Five Layers of Cross-Chain Security
https://blog.chain.link/five-levels-cross-chain-security/  
SmartCon Virtual Signup 
https://smartcon.chain.link/virtual 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

WRU Last Week of September
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Check your wallet with our brand new tool: Claimables 🎁
https://bankless.cc/GetClaimables 

------
📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2 ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 

⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠

🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 

🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 

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TIMESTAMPS & RESOURCES

0:00 Intro

2:49 MARKETS
https://twitter.com/kobeissiletter/status/1707104500341731367?s=46 

8:05 JP Morgan Dissapointed With Ethereum
https://www.theblock.co/post/252470/jpmorgan-ethereum-shanghai-disappointing 
https://twitter.com/pythianism/status/1706373977944289470?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

13:54 SEC Decision Delayed
https://twitter.com/JSeyff/status/1706771264596050073 
https://twitter.com/EricBalchunas/status/1706765369342382197 

19:49 ETF Futures Next Week?
https://x.com/EricBalchunas/status/1707394842827882826?s=20 

17:25 Gary Grilled By Congress
https://www.sec.gov/news/testimony/gensler-testimony-committee-financial-services-092723 
https://x.com/BanklessHQ/status/1707042914520473953?s=20 
https://x.com/BanklessHQ/status/1707060955257987256?s=20 
https://x.com/BanklessHQ/status/1707072356802232697?s=20 
https://twitter.com/BanklessHQ/status/1707040759059206493/photo/1 
27:54 Gary's Identical Twin

29:08 Coinbase In Washington DC
https://x.com/coinbase/status/1707184983599677793?s=20 
https://x.com/YahooFinance/status/1707121790223258075?s=20 
https://twitter.com/blockchaintpsht/status/1707162437512839345 
https://twitter.com/haydenzadams/status/1707225322595262929?s=46&t=X0oQ26a3ezptVAZLp1QFaw 

32:32 Kevin Owocki's Highlights
https://twitter.com/owocki/status/1707217559932543085 

35:05 Pudgy Penguins in WalMart
https://x.com/Walmart/status/1706784567276040547?s=20 
https://x.com/0xLoMel/status/1706708088684683474?s=20 
https://twitter.com/LucaNetz/status/1706774209014235313?s=20 

40:21 Vitalik DeepFake
https://x.com/TrustlessState/status/1706388861545316512?s=20 
https://youtu.be/RsIBqExwsT8?si=RmoRx2p7z5TEWvba 

43:26 Buenos Aires ID's Coming to Ethereum
https://blockworks.co/news/buenos-aires-government-id-ethereum-zksync 

44:41 Equities on Kraken?
https://twitter.com/deitaone/status/1707082785146495190?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

46:41 FriendTech Clones
https://twitter.com/DefiIgnas/status/1706322149139447985 

49:25 Base Introduces Pessimism
https://twitter.com/BuildOnBase/status/1704217177904271827 

51:13 Fred Wilson got phished
https://avc.mirror.xyz/VUu7-BOTlH2J-qF9SctXr17CLBFx9Xu5xr6sACXehr8 

53:46 MicroStrategy Bought More BTC
https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/form-8-k_9-25-2023.pdf 

54:56 Chase Bank is banning crypto payments in the UK
https://twitter.com/brian_armstrong/status/1706787540215460155 

56:13 OFAC Adding More Sanctioned Wallets
https://home.treasury.gov/news/press-releases/jy1763 

58:49 Rainbow Wallet Comes To The Web
https://twitter.com/rainbowdotme/status/1704900402427166858?s=20 

59:19 Raises Of The Week
https://twitter.com/banklessvc/status/1706735211080270109?s=46 

1:04:27 Questions From The Nation
https://discord.com/channels/615592155481767941/1058053004705669211/1156588932826402866 

1:08:01 Takes Of The Week

1:21:36 What Are We Bullish On?
https://twitter.com/trustlessstate/status/1706440750911651847?s=46 

1:29:14 Meme of The Week
https://x.com/BanklessHQ/status/17071524

Joining us today from Fidelity are Chris Kuiper and Jack Neureuter who recently released their Ethereum Investment Thesis report.
On this episode we're asking are the institutions serious about Ether? Has Ether passed through the gauntlet…like BTC? And what does it look like for institutions to actually begin investing in Ether the asset.
Fidelity manages $4.5 trillion dollars, that's many multiples higher than the entire crypto market cap. This is worth paying attention to.
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Check your wallet with our brand new tool: Claimables 🎁
https://bankless.cc/GetClaimables 
------
📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:07 Intro to Chris and Jack
8:50 About Fidelity Assets
12:00 Analyzing Crypto Risk as an Institution
16:42 What do Institutions Think of Ether?
19:17 Comparing Other Assets
23:5 5How Others Can Join Ether and Bitcoin
25:58 Ether and Ethereum
29:44 Is Ether a Money?
40:14 What is Money?
44:13 What Else Competes for Money?
48:38 Thesis Two
51:19 Ether Cash Flow
55:51 The Value of Metrics
1:00:41 Modeling Future Cash Flows
1:08:11 How Has The Report Been Recieved?
1:10:21 Whats Next For Fidelity?
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RESOURCES
Fidelity's Report on Ethereum:
https://www.fidelitydigitalassets.com/sites/default/files/documents/1101895.1.0%20-%20FDAS%20ETH%20Investment%20Thesis%20%2808.14%29.pdf 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

In today’s episode, we’re exploring the frontier of the multi-chain Ethereum roadmap. Synthetix has been leading this charge as it pertains to the application layer of Ethereum. 
David is joined by Synthetix’s Founder, Kain Warwick in person in David’s Brooklyn studio.
“Synthetix, A New Hope,” is a recent blog post Kain wrote and is a main focus for today’s episode. 
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Check your wallet with our brand new tool: Claimables 🎁
https://bankless.cc/GetClaimables 
------
📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:08 Synthetix Networks 
8:50 Growth Complexity 
9:50 Phases of Complexity of Apps 
14:00 Elaborating the Problem Layers 
15:25 Paramartizing Risk
19:00 Defining the Problem(s)
21:00 Likelihood of Solution(s)
24:05 3 Paths of Fragmented Liquitidy 
31:40 Chainlink’s CCIP 
32:50 Optimism 
36:00 MakerDAO
36:55 dYdX Model 
44:25 Free Market Model 
47:00 Other Solution Tools 
55:15 Cross-Chain Shared Execution 
57:50 Kain & Synthetix Main Focuses
59:00 Timeline 
59:50 Other Components of Synthetix 
1:02:25 Kain’s Thoughts on Regulation 
1:08:13 Final Messages 
1:09:15 Closing & Disclaimers 
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RESOURCES
Kain Warwick
https://twitter.com/kaiynne  
Synthetix, A New Hope
https://mirror.xyz/kain.eth/tAXGVKMTYM8K2gUOQq9JDQ1wyV_5Msdlrn_AtmiCGEI 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

The overnight fed funds rate is 5.3% but how much are you getting from that in your bank account? How much are you getting from your stablecoins? 
Today on the show Martin Carrica walks us through a world in which we can tokenize treasuries instead of just dollars.
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-onchain-t-bills/ 
-----
Check your wallet with our brand new tool: Claimables 🎁
https://bankless.cc/GetClaimables 
------
📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2 ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:16 Intro To Martin
10:37 Risk Free Rate of Return
16:06 Inflation Experience in Argentina
20:41 Why Don't We have Onchain TBills?
22:44 Laws Around Treasuries
27:08 Do The Fed's Want This?
31:53 Don't we Already Have Onchain Treasuries?
37:18 The Next Evolution Of Stablecoins
40:01 How Big Could This Be?
50:12 Cutting Out Commercial Banking
52:21 Explaining The Product
55:57 Onchain Vs Traditional TBills
1:02:51 How Big Can This Get?
1:04:10 Identifying Legit Onchain TBills
1:05:49 Why Doesn't Circle Do This?
1:11:50 Dealing With US Regulation
1:15:02 Central Bank Digital Currency
1:19:02 Can This Start a Bull Market?
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RESOURCES
Martin on Twitter:
https://twitter.com/mcarrica 
Martin's article on Stablecoins:
https://mcarrica.substack.com/p/stablecoins-are-cryptos-hidden-money 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures  

WRU 4th Week of September 
-----
Check your wallet with our brand new tool: Claimables 🎁
https://bankless.cc/GetClaimables 
------
📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS & RESOURCES
0:00 Intro
2:50 MARKETS
9:15 Fed Rate - No change! (5.25-5.5%)
https://www.nytimes.com/live/2023/09/20/business/fed-meeting-interest-rates 
12:10 U.S. Americans Own Crypto?
https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1 
15:20 Ethereum’s 1st Merge anniversary! 
https://twitter.com/sassal0x/status/1702629393984803041?s=46 
16:25  Bye bye ultra-sound money? 
https://ultrasound.money/#gas 
17:30 L1 is shrinking, but layer-2 networks are maintaining healthy activity 
https://l2beat.com/scaling/activity 
20:39 Are all the chains moving to Ethereum?
Rollup Migration to Ethereum - 3 New Ethereum Rollups coming from non-Ethereum ecosystems
21:00 1.1 - Astar Network 
Sandeep Take 
https://twitter.com/sandeepnailwal/status/1701990949319254345 
23:00 1.2 - Canto
https://twitter.com/CantoPublic/status/1703809950290718871 
24:00 1.3 - Eclipse 
https://twitter.com/EclipseFND/status/1704178668543824309 
27:35 Ryan Take
https://twitter.com/RyanSAdams/status/1703882356468117703 
28:40 Mert Take
https://x.com/0xMert_/status/1704229795079365101 
30:00 Frankie Take
https://twitter.com/frankieislost/status/1704262750405587248 
37:58 SEC is coming after the Stoner Cats - Gary. V. Cats
https://www.sec.gov/news/press-release/2023-178
https://x.com/MikeSeligEsq/status/1701978172487606665 
https://twitter.com/loopifyyy/status/1701966597445874124 
44:00 Hester Pierce Dissented! - Chief Disenting Officer
https://twitter.com/NFTherder/status/1702057933389836293 
46:25 SEC warns more charges coming to exchanges and DeFi 
https://www.coindesk.com/policy/2023/09/19/us-secs-crypto-enforcement-chief-warns-more-charges-coming-to-exchanges-defi/
49:13 New Airdrop! Optimism also announced OP Airdrop #3
https://twitter.com/optimismFND/status/1703837786703335672 
50:10 POL Token is coming! MATIC becoming POL.
Polygon 2.0 implementation kicked off! 
51:00 https://twitter.com/0xPolygonLabs/status/1702280764677578755 
1st PIPs: MATIC to POL and launch of Polygon’s new staking layer! 
https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released 
51:25 Arbitrum is restarting Odyssey 
https://twitter.com/arbitrum/status/1704173003825615353 
52:10 Conduit opening Support for Arbitrum: 
https://x.com/KAndrewHuang/status/1704848429883732256 
53:18 Coinbase earned 570 ETH of MEV as a result of Curve hack. Should they return it?
https://www.coindesk.com/tech/2023/09/15/coinbase-inadvertently-earned-1m-due-to-hack-but-hasnt-reimbursed-victims/? 
57:10 Is Ethereum finally getting a privacy L2? Maybe soon?
https://twitter.com/aztecnetwork/status/1704433376525242474 
58:25 Infura in its progressive decentralization era
https://blog.infura.io/post/progressive-decentralization-of-the-rpc-layer-centralization-to-federation? 
59:10 FTX sues SBF’s parents - eating their own aims to claw back some of the $26 million in gifts and property
https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdf 
https://www.cnbc.com/2023/09/19/sbfs-parents-sued-by-