The Stacks Podcast with Kyle Samani & Muneeb Ali (Blockstack PBC)
Kyle Samani, the Managing Partner of Multicoin, and Muneeb Ali, the Co-Founder of Blockstack, join the The Stacks Podcast to discuss research, investment theses, and debate the biggest trends in the industry.
On Forking DeFi Protocols
As a suite of new layer 1 blockchains are launching, I’ve been thinking about Ethereum’s network effects, and the defensibility of the DeFi protocols built on top of Ethereum. A couple of years ago, I wrote about the network effects of non-sovereign layer 1 monies like Bitcoin and Ethereum.
Our Investment in dForce: The DeFi Super-Network
Today I’m excited to announce that Multicoin Capital led a $1.5M round in dForce, the world’s first unified network for open finance protocols. Coinvestors include our friends at China Merchant Bank International (CMBI) and Huobi Capital.
Unchained Podcast Audio Essay: The Most Forkable DeFi Protocols on Ethereum
As a suite of new layer 1 blockchains are launching, I’ve been thinking about Ethereum’s network effects, and the defensibility of the DeFi protocols built on top of Ethereum.
SXSW 2020 Session | Cryptoassets: Venturing into the Unknown
Believers in the crypto space often parallel it to the early days of the internet. Both started within small technology circles and moved on to a more mainstream audience with their first “killer app”; email in the case of the internet and bitcoin in the case of crypto. While the internet transformed the way we create and receive information, the crypto space is promising to transform the way we create and receive value.
Kyle Samani and Aantoly Yakovenko discuss "Black Thursday" on the Solana Podcast
In this episode, Kyle and Anatoly talk about the effects of COVID-19 on the cryptocurrency market, Black Thursday, and how they each see the next few months playing out in both the crypto and traditional markets.
Trust Spectrum
Most people talk about financial services in crypto—trading, saving, lending, etc.—as either “decentralized” or “centralized.” Crypto advocates tend to characterize the former as less risky because users don’t have to trust a counterparty to custody their assets, removing the risks of losing their funds through a hack, impropriety, seizure from governments, and other forms of human error or malice.
Unchained Podcast: Teetering on the Edge: How Black Thursday Exposed the Flaws in the Crypto Markets - Ep.164
Laura Shin and Kyle Samani dissects Black Thursday, March 12, the day the crypto markets plunged twice amid the wider sell-off in the markets due to the coronavirus on the Unchained Podcast.
March 12: The Day Crypto Market Structure Broke (Part 2)
Note: A few days ago I published a postmortem detailing how the crypto market structure broke on March 12. This post, Part 2, will explore the potential solutions to some of the systemic problems outlined in Part 1. To recap, one of the core structural problems is that current blockchains—both Bitcoin and Ethereum—simply do not support enough transaction throughput to facilitate global trading across many venues in volatile environments.
March 12: The Day Crypto Market Structure Broke (Part 1)
There were two large downward moves in the crypto markets on March 12th, about 13 hours apart. The first was early in the morning, and the second in the evening (in the US). The first move down—a ~25% move—was fast and relatively orderly given the size of the move; however, during the second leg down, the market structure broke.
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