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Podcast: Bell Curve
Episode: Your Favorite L1 Was Overpriced | Roundup
Description: This episode of Bell Curve explores Binance's proof-of-reserves controversy, Alameda's crazy venture portfolio, why Alt L1s were artificially overpriced, Maple Finance's $36M default and more!My favorite segment? Why the Alt L1 Thesis is fundamentally broken. Did SOL's mooning valuation (underpinned by FTX/SBF) lead to broken relative-value metrics for other L1s? Tune in to find out!- -Timestamps:(00:00) Introduction(02:19) Binance’s Proof of Reserves Controversy(14:18) Alameda’s Venture Portfolio(24:59) Why The Alt L1 Thesis Is Fundamentally Broken(3...