3 years ago

✨ DEBRIEF | Unpacking the Episode:
https://shows.banklesshq.com/p/debrie...

Dan Elitzer is the co-founder of Nascent, a VC firm working on the frontier of crypto Previously, he was previously leading IDEO CoLab Ventures, and has been on the frontier of crypto innovations for as long as we can remember.

Dan helps us unpack The AppChain Thesis, a possible outcome where every big DeFi app is going to have its own chain. How will this reshape crypto? Where do we find opportunities? Does this thesis even make sense?

Further, Dan, Ryan, and David cover the case for why Uniswap is going to have its own chain, why Dan thinks there’s an inevitable economic incentive for large DeFi apps to start their own chains, the main objections to The AppChain Thesis, and so much more.

----
📣 Earnifi | Check For Your Unclaimed Airdrops, POAPs, & NFTs
https://bankless.cc/earnifi

----
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

----
BANKLESS SPONSOR TOOLS:

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

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave

💠 NEXO | CRYPTO FINANCIAL HUB
https://bankless.cc/Nexo

🔐 LEDGER | NANO HARDWARE WALLETS
https://bankless.cc/Ledger

⚡️FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/Fuelpod

---
Topics Covered

0:00 Intro
6:45 Dan's Predictive Track Record
9:52 Roll-Apps
14:00 The App Chain Prediction
17:46 UNIChain
23:30 MEV
29:22 Summarizing the Costs
33:50 Who Gets the Money?
36:07 Are the Taxes Worth the Services?
43:48 Why DeFi Apps Haven't Launched App Chains Yet
48:40 Uniswap Nation State
55:33 Uniswap's App Chain Model Sovereignty
1:00:04 Uniswap's Control & Ethereum's Alignment
1:03:38 Uniswap's Composabilty
1:08:56 What Does This Mean For L1s
1:16:50 Investing in the Apps?
1:20:57 Aggregation Theory
1:23:22 Censorship
1:27:21 Final Takes
1:29:37 Closing & Disclaimers

----
Resources:

Dan Elitzer
https://twitter.com/delitzer

The inevitably of Unichain
https://medium.com/nascent-xyz/the-in...

Aggregation Theory - Stratechery
https://stratechery.com/aggregation-t...

---
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures

Loading comments...