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Podcast: Bell Curve
Episode: How Appchains Align DEX Incentives | Season 6 Episode 7
Description: In this episode of Bell Curve, Mike and Dan dive into the world of decentralized derivatives trading with Antonio Juliano, founder and CEO of dYdX. They explore how dYdX leverages the Cosmos SDK to build an app-specific blockchain that aligns incentives between validators, token holders, and traders. They unpack dYdX's journey from Ethereum to Layer 2 to finally their own custom blockchain, detailing how each transition aims to solve core issues around performance, fees, and decentralization. They also cover designs enabled by app chains, dYdX's "social slashing" approach to mitigating MEV, off-chain components, and perpetual swaps adoption. We hope you...