PODCAST: DeFi & Polygon / Ethereum, with Polygon’s Hamzah Khan

Polygon is the eleventh greatest cryptocurrency on the planet – it actually wants no introduction. Thought-about by many because the flagship Layer 2, it helps remedy a fairly large drawback – that Ethereum is a tricky cryptocurrency to make use of.

Even Vitalik has mentioned that the longer term is a roll-up economic system, with Ethereum as a Layer 1, with tasks akin to Polygon proper there in order that common folks can, you recognize, truly use it – with out taking a mortgage out to pay for fuel charges.

I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to speak all issues DeFi and Polygon. We bounced round loads, however coated on nice subjects.

We began out technical, for any of you nerds on the market. Hamzah chats about zkEVM, or zero-knowledge roll-up know-how, which Polygon introduced final week had gone reside in testnet kind, thrilling many across the business.

It was additionally robust to keep away from the Reddit Polygon craze this has been ongoing for the reason that weekend, with the large NFT assortment hovering to achieve over three million customers on the social media web site. Hamzah talks of the behind-the-scenes chat with Reddit, as the corporate launched the NFTs on Polygon, in fact.

We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “short-term worth locked” given its transience, and the way the fame of the business took a success this previous 12 months as CeFi went underneath – regardless of DeFi trucking alongside so easily.

I received my favorite line in there as at all times – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he considered fuel charges, and whether or not it’ll ever be solved. And if that’s the case, what does a future appear to be for Polygon?

I hosted @Polygon‘s Head of DeFi, @_khanhamzah, on the @CoinJournal podcast this week

We chatted DeFi, the brand new zkEVM, Reddit NFTs, scalability, the way forward for Ethereum as a settlement layer, Vitalik’s feedback on centralisation and extra⬇️$MATIChttps://t.co/zYIEfqnAr6

— Dan Ashmore (@DanniiAshmore) October 27, 2022

I additionally put the query to Hamzah concerning the centralisation of DeFi. With a lot of the house working on centralised stablecoins (even Vitalik mentioned not too long ago that Tether, Circle and different suppliers might affect the path of future Ethereum forks), is among the pillars of DeFi being compromised? And extra curiously, does it have it to be, or is there another?

We dance round these and plenty of extra subjects, however that is at its coronary heart a 30-minute dialogue on DeFi and Polygon, and what function Polygon might play sooner or later.

As at all times, I’m open to feedback both right here or on Twitter – and hyperlinks to hear are beneath.