Fireside Chat
summary
Calls bringing $900T of off-chain assets onto chains as the big opportunity, shows Gauntlet-style simulations that separate average-case from worst-case risks, and quantifies new vectors like cross-chain MEV and L2 mempool competition. Demonstrates why an appchain with six-bridge security risk proved impractical, why ZK proving supply will explode (and rollups alone won’t absorb it), and why emergent UX like MPC smart wallets and 12–15% Telegram bot order flow change custody and permissioning design decisions.
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chapters (20)
- 0:00Intro: Tarun Chitra & Robert Leshner
- 0:45Why Robert left Compound to build Superstate
- 1:48The $900T opportunity: Bringing assets on-chain
- 3:27What Gauntlet does and why mechanism design matters
- 5:02Simulation examples: Average vs worst-case risk
- 7:07Cross-chain MEV and L2 mempool complexity
- 8:16DeFi's future: Not products, but info flow
- 10:35The ZK boom and fragmented asset domains
- 11:37Redefining composability across chains
- 13:12Fragmentation and synchronous liquidity
- 14:13Synthetic assets, bridges, and trust
- 15:14Telegram bots, MPC, and asset abstraction
- 16:21Revisiting Compound Chain and bridge risk
- 19:30Appchains vs major L2s: UX and asset flow
- 20:34UX upgrades: Rules-based vs transaction-based
- 22:35Custody and rethinking protocol architecture
- 24:07Moving beyond depositing funds into contracts
- 25:17ZK use cases beyond rollups
- 26:49What it takes to make DeFi Wall Street-grade
- 28:19Final advice for DeFi founders
