cross chain

The Cross-Chain Revolution

• Guest: Simon Harman, CEO & Co-Founder of Chainflip
• Host: Szabolcs Gergely, Podcast & YouTube Host at Morningstar Ventures

Top 3 Takeaways from Our Guest

1. Chainflip is a fully native cross-chain DEX.

At the start of the interview, Simon explained that Chainflip functions as a swap solution rather than a bridge. It adopts a similar approach to centralized exchanges, with its distinctive feature being the involvement of 150 independent validators distributed globally within the vault. This design choice ensures a high degree of decentralization for the swap process. The architecture of Chainflip also addresses the issue of elevated gas fees on the Ethereum blockchain. While it doesn't directly decrease these fees, users of Chainflip are exempt from paying gas fees for the actual swap. Their only financial commitment lies in the transaction fee incurred when transferring funds from their wallet to Chainflip's vault in preparation for the swap. In essence, Chainflip goes beyond a mere bridge and can be better described as a "fully native cross-chain DEX."


2. User-friendliness and simplified onboarding will accelerate DEX onboarding.

We asked Simon how decentralized exchanges (DEX) can get more market share. He shared that DEXs are becoming more user-friendly lately, while CEXs are becoming a bigger hassle to set up with increased KYC and verification processes. Nevertheless, he doesn’t think DEXs will completely take over, as buying crypto with Fiat is only possible using a CEX. On the other hand, crypto-to-crypto swaps will predominantly be processed on DEXs. Simon gives the example of Uniswap, which improves its interface and simplifies the user experience for new members. Efforts, as such,  might accelerate the rate at which people switch from CEX to DEX in the future.


3. Comprehensive market scans help Chainflip select prime chains for their ecosystem.

Finally, Simon explained that the team is constantly scanning the market. This helps them choose which new chains to add to their ecosystem. The main goal is to ensure they can save money for users. Implementing a chain on Chainflips ecosystem only makes sense if they can offer the users a way to save on gas fees or better prices. For example, implementing Phantom wouldn’t make sense as the on-chain liquidity is not big enough. However, they believe Chainflip will significantly impact the Solana network with prices and gas fees; therefore, that is where most of the focus goes.

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Stream payroll with Superfluid: https://use.superfluid.finance/payroll

Today’s guest is Yorke Rhodes - founding engineer at Hyperlane, a protocol which serves as a platform for building cross chain applications.

Yorke is very knowledgable about building smart contracts. He was previously at Celo and has spent his career going deep on solidity before joining Hyperlane (which was previously known as Abacus), as a founding engineer.

In this episode, Yorke and I talk through the details of Hyperlane’s system for sending and receiving messages cross chain, and talk through cross chain tech more generally. We also talk through things like how Hyperlane thinks through developer experience & building APIs, and Yorke’s thoughts on smart contract security. Finally, we wrap up by asking Yorke what his favorite design patterns and optimizations are - something we always love asking.

If you’re a solidity developer with an interest in cross chain technology, this episode is for you.

Yorke on Twitter: @0xyorke
Hyperlane docs: https://docs.hyperlane.xyz/hyperlane-docs

Support this podcast by steaking with Interchain.FM🥩 on Osmosis and Umee!

📺Watch the full episode on YouTube: https://youtu.be/nRGfxq7bejQ

🔗 Useful Links 🔗 

► Socials: https://twitter.com/umee\_crosschain
► Website: https://umee.cc/

这是我在农历牛年录制的第一集播客。

在这一集中，我与翰文和John聊了聊他们对Cosmos和Polkadot生态系统的看法，以及他们认为对于开发人员选择生态系统较为重要的因素。此外，我们还讨论了Litentry在他们心目中的意义，以及做开发者和带领团队角色之间体验的不同。

最后，出于好奇，我还问了他们一个问题：他们会选择长期居住和工作在哪个城市。听听这一集，自己找出答案吧！

关于 Litentry: Litentry是基于多网络的去中心化身份聚合协议，拥有去中心化身份（DID）索引机制和基于Substrate的信用计算网络。Litentry的目标是帮助去中心化身份聚合、验证和信用计算。

网址: https://www.litentry.com/

推特: https://twitter.com/litentry

更多信息，请移步官网https://multicoin.capital/zh

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法，并不代表Multicoin Capital官方的观点。此播客仅用于提供信息，不作为投资参考。Multicoin Capital有时可能会在此节目中讨论的某些代币或公司中持有头寸。

This is the first episode I recorded in Lunar New Year of Ox. 
In this episode, I chatted with Hanwen and John about how they think of Cosmos versus Polkadot ecosystem, and what they think is important for developers to choose an ecosystem over another. We also discussed what Litentry means to each of them, and what the differences are to be a developer versus a team leader.  

Out of curiosity, I also asked them the question that which city they would choose to live and work for the long term. Listen to this episode and find out the answers yourself!   

About Litentry: Litentry is a Decentralized Identity Aggregation protocol across multiple networks, featuring a DID indexing mechanism and a Substrate-based credit computation network. The protocol provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms.

Website: https://www.litentry.com/

Twitter: https://twitter.com/litentry

For more information about Multicoin Capital, please visit https://multicoin.capital/. 

Important Disclaimers: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion and do not represent the opinions of Multicoin Capital in any way. This podcast is for informational purposes only and should not be construed as investment advice. Multicoin Capital may hold positions in some of the tokens and/or companies discussed on this show.