In today’s episode, we interview Preston Van Loon. Preston co-founded Prysmatic Labs, one of the main teams building Ethereum 2.0, and has been leading that team for the past three years. On top of that, he recently founded a DeFi project which bundles the entire crypto market cap in one token to allow anyone to easily buy something like a crypto index. We talk about how the desire to make a bigger impact inspired him to leave his job as a Google engineer and work in crypto full time. And how it was a spontaneous donation via Twitter from Vitalik Buterin what pushed him to finally make the jump.
Preston talks about the latest in ETH2 —he says Etheruem’s big migration into its proof-of-stake chain is about six months away, give or take two months. He says Ethereum may be at a disadvantage relative to other Layer 1s, which are launching with more scalable technologies. But he also believes it will be hard for other chains to build the community Ethereum has, faster than Ethereum will upgrade.
He talks about why he found the time to start Cryptex with its TCAP token, he explains how the fully collateralized token works, how traders can mint it, add liquidity, and even yield farm it. But ultimately, the main goal of TCAP is to give people who are interested in buying cryptocurrencies and may not know the difference among the thousands of tokens out there, to simply get exposure to everything. He also said they’re not stopping with TCAP and that more tokenized indexes are coming up.
Follow The Defiant
https://newsletter.thedefiant.io/
Tweets by DefiantNews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
source
Who on earth is stupid enough to stake so volatile crypto as ETH for lower reward then to stake stablecoin like USDT for higher reward…
Minute 25 is critical. She asks arguably one of the most important questions in this realm.
loved the tutorial u guys did on how to stake TCAP. Any chance we can do a tutorial of how to stake the unclaimed CTX reward back to sushiswap? Thx!
Many people don't want ETH 2.0 even if it was planned years ago.
ETH 2.0 will centralize ETH and give power mostly to the biggest wallets.
POS sounds like they're just holding with compounding interest as the money magically appears out of nowhere.
I hope they get POS out the door without bugs. I also hope it drops gas fees to almost nothing. It can't "just help a bit". Or ETH 2.0 is a bust. People are going to abandon it completely if the gas fees are just lowered a little.
Ether has no real privacy and is highly criticized by Snowden as quite flawed and high risk.
Great breakdown of the roadmap 🙂 Thanks for that!
I wouldn't say that Ethereum is really close to having a first move advantage in the grand scheme of things. My theory is that the Ethereum community is clinging to this liferaft as an excuse for the constant delays and competition with other protocols that are surpassing technical developments and implementations in PoS protocols.
This theory that people will be loyal to Ethereum for being the first has already been destroyed with the huge popularity of the Binance Smart Chain, which despite being crap is still being used a lot and has a great deal of liquidity in TVL.