In this episode of Deeply Intents, we chat with Vaibhav Chellani, co-founder of Socket, about chain abstraction. VC recounts his journey from building Polygon POS to working on Plasma and ZK rollups at the Ethereum foundation to building Socket and Bungee Exchange. The conversation illuminates misconceptions around chain abstraction and replaces them with emergent mental models. In particular, we discuss chain abstracted applications, bootstrapping marketplaces, and the role of transmitters, solvers, fillers, and market makers in counterparty discovery and settlement. We finish by discussing the future of chain abstraction and playing a win-win strategy. Timestamps(00:00) - Scaling Ethereum(05:21) - Building Polygon(06:56) - Shoutout to Cosmos(08:29) - Experience at EF & Polygon(12:47) - Builder recognition(14:58) - Scaling(20:06) - Chain Abstraction in practice(24:16) - Chain Abstraction rants(33:18) - Pivot from cross-chain to chain abstraction(36:18) - Take users to a global state(39:57) - Permissionless watchers(42:39) - Transmitters, Solvers, Fillers, Market Makers(47:47) - Chain Abstracted Swap Applications(49:53) - Bungee Exchange(52:37) - Counterparty discovery(56:48) - Bootstrapping a marketplace(59:29) - Magic Spend++(1:02:54) - Ethresearch aura (1:05:44) - Modular order flow auctions(1:10:34) - Positive sum games(1:14:21) - Advice for new developers
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:16:26
The Logic of Chain Abstraction - Ankit Chiplunkar
In this episode of Deeply Intents, we sit down with Ankit Chiplunkar, co-founder of OneBalance. We discuss his path from aerospace engineering to resource locks. Ankit breaks down his prior research at Frontier, including MEV, order flow auctions, and the CAKE framework. Next we invest time into discussing OneBalance, resource locks, credible accounts with TEEs and the future of chain abstracted applications. Finally, Ankit shares the secret sauce of how he balances startup life and family time.Chapters(00:00) - Origins(01:36) - Aerospace engineer(06:54) - Time at Coinbase(09:49) - EV_Signal & EV_Ordering(14:32) - Orderflow Auctions(19:07) - Order types and user preferences(21:16) - Solver speed and price auctions(26:20) - Baking CAKE(29:12) - Different types of users(38:12) - Users have chains(43:25) - One Balance & Resource Locks(52:35) - Credible Accounts with TEEs(58:49) - New user preferences every cycle(1:04:50) - Access to users across networks(1:10:14) - The path for chain abstraction(1:15:00) - Intents + Chain Abstraction(1:20:58) - Balancing life
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:23:27
A Treatise On Multichain Settlement - Rachin Kalakheti
In this episode of Deeply Intents, we sit down with Rachin Kalakheti, founder of Twine. We discuss Rachin's background, growing up in Nepal, his natural curiosity, and making his way to Stanford University. Rachin then breaks down multichain settlement — we discuss Twine's ultimate design, define settlement layer, breakdown the nuances of reorgs, decentralized sequencing, light clients, and application use cases in the multichain settlement context. Later, we discuss Rachin's end goals for Twine in the context of changing the world with stable coins and payments on crypto rails. In the final segment, we discuss the nuances of token design and open experimentation. Timestamps (00:00) - Origins(05:27) - Twine origins(08:44) - Studying CS is Nepal(10:40) - Stanford(16:03) - Natural Curiosity(20:16) - Latency is business, research, and building(24:17) - Multi-chain settlement & Twine(27:27) - ZK Rollouts(29:25) - Defining Settlement Layer(36:11) - Re-orgs in multi-chain settlement systems(39:20) - Canonical state(43:00) - Twine's Ultimate Design(50:52) - Decentralized sequencing(55:39) - Ordering policies(1:00:00) - Adding light clients(1:01:45) - Applications and use cases(1:04:32) - Permissionless asset creation(1:08:15) - Replacing centralized exchanges(1:11:11) - End goals(1:14:57) - Changing the world(1:20:17) - Protocol-Token unbundling(1:24:22) - Open experimentation(1:29:10) - Founder led communications
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:31:16
The Final Boss - Katia Banina
In this episode of Deeply Intents, Katia Banina and I discuss her impressive journey from data analytics with the London Stock Exchange Group to the Final Boss at Bebop. We had a wide-ranging conversation about the current state of speculation and trading in crypto markets including pump fun, RFQs, L2s, market makers and AMMs. Later, we focus on crypto meme culture and subculture feedback loops. We finish by discussing crypto use cases and the importance of DeFi. This was a fantastic conversation.Timestamps(00:00) - Origins(04:57) - Pricing FX forwards(06:53) - Speculation vs. Fundamentals(11:09) - Token narratives(21:39) - Pump fun(28:12) - L2s vs. Solana(32:09) - Chain Abstraction(35:03) - Where to deploy your app?(39:48) - Onboarding application devs(45:13) - Optimizing Telegram use(48:56) - Bebop quotes(50:34) - RFQ & RFS(55:01) - Working with market makers(1:01:00) - Intents aren't real(1:06:00) - Semantic games(1:10:00) - Market Makers, AMMs & MEV(1:14:46) - Price risk(1:19:22) - Women in crypto(1:25:25) - Crypto meme culture(1:33:03) - Subculture feedback loops(1:37:55) - Crypto use cases(1:43:00) - Closing thoughts
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:45:41
Ethereum is Game Changing Technology - Drew Van der Werff
In this episode of Deeply Intents, Drew (founder of Commit-Boost & FABRIC Ethereum) discusses his journey from small-town overachiever to Ethereum public goods builder. In particular, this episode is deeply personal. We share our about our crypto journeys and experiences of working with the Ethereum community, as well as the good and bad of crypto VCs. We discuss Drew's projects Commit-Boost and FABRIC at a high level. Furthermore, we finish by discussing Ethereum's North star, public goods funding, and growing the ecosystem.Chapters (00:00) - Origins (07:46) - Working at Goldman Sachs (12:20) - Help and generosity in Ethereum (20:43) - You can just do things (23:50) - Reflection on VC investing (30:24) - Don't be the sucker at the table (34:15) - Commit-Boost (40:44) - Translating technical details (43:40) - Mastering Ethereum (49:22) - FABRIC (56:58) - Effective Coordination (1:01:53) - Ethereum's North Star (1:06:23) - Ossification acceleration (1:07:58) - We need to scale blobs (1:13:10) - Public Goods Funding (1:20:00) - Attracting new developers (1:22:38) - Tradfi embracing crypto (1:27:32) - What is Ethereum winning look like?
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
Deeply Intents is a podcast hosted by Apriori. There are two primary motivations; unpack Anoma with relevant guests, and have interesting conversations with values aligned builders. The podcast is long-form content, with an emphasis on the human element.
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