Termina and the Future of Network Extensions, w/ Yiwen, founder of Nitro Labs

A conversation with Yiwen (aka @oceanicursula), founder of Nitro Labs, the team behind @Terminaxyz.Full notes for this episode at: https://solfate.com/podcast/73Solfate PodcastFollow us on twitter and turn the notifs on: @SolfatePodDiscover all our podcast episodes on our website: solfate.com/podcastCollect our episodes as NFTs on DRiP: drip.haus/solfateSummaryIn this episode of the Solfate Podcast, hosts James and Nick return after a brief hiatus to discuss groundbreaking innovations with Yiwen from Nitro Labs. The conversation dives deep into Nitro Labs’ product, Termina, which offers modular network extensions for the Solana ecosystem. They explore the concept of deconstructed rollups and how specific modules like the zkSVM prover, SVM engine, and Data Module allow for more efficient and targeted solutions. The discussion covers applications in DeFi, bridging, and the advantages of offloading high-compute tasks off-chain while ensuring on-chain security and verification. The episode also touches on the challenges and strategies for monetizing these advanced technical solutions.00:00 Introduction to On-Chain Proof Verification00:31 Welcome Back to the Podcast00:54 Introducing Yiwen from Nitro Labs01:03 Exploring Network Extensions and Deconstructed Rollups05:04 Deep Dive into Solana and SVM07:17 Shifting Focus to Solana Native Development15:39 Understanding Asynchronous Settlement in DeFi22:51 Beyond Rollups: The Future of Network Extensions24:37 User Feedback and Modular Roll-Up Stack25:01 Introducing the EZKS VM Improver25:23 Challenges and Solutions in ZK VM Implementation26:54 Proving Solana Transactions with ZK Prover27:44 Bridging and Cross-Chain Transactions31:18 Trustless Computation and Cryptographic Proofs34:36 Real-World Applications and Use Cases40:05 Monetizing ZK Prover and Developer Insights45:56 Future of Network Extensions and Infrastructure48:26 Conclusion and Final ThoughtsFind Yiwen and Termina onlineFollow Yiwen on Twitter/X: @oceanicursulaFollow Termina on Twitter/X: @TerminaxyzCheck out Termina at their websiteFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13

A conversation with Dana (aka @TheSoftwareJedi), Lead Backend Developer at @StepFinance_Full notes for this episode at: https://solfate.com/podcast/71Solfate PodcastFollow us on twitter and turn the notifs on: @SolfatePodDiscover all our podcast episodes on our website: solfate.com/podcastCollect our episodes as NFTs on DRiP: drip.haus/solfateSummaryIn this conversation, Dana shares his journey of discovering Bitcoin from a homeless shelter and what he’s building now at Step Finance. The discussion covers his initial discovery of Bitcoin, his eventual embrace of Solana, the engineering challenges faced in data aggregation, and the innovations being implemented by Step Finance for real-time Solana data processing. The conversation wraps up with valuable advice for those looking to enter the field.TakeawaysDana's journey into crypto began during a challenging time in his life.He discovered Bitcoin while in a homeless shelter, leading to a passion for crypto.His entry into Solana was sparked by a friend's recommendation.Being helpful in the Solana Discord community opened doors for Dana.Step Finance's mission resonated with Dana's passion for DeFi products.Providing value to the ecosystem builds trust and credibility.Dana highlights the importance of community in the crypto space.Step Finance is involved in various initiatives, including education in underbanked countries.Real-time data processing is essential for modern applications.Understanding the account model in Solana is vital for developers.Low-level programming knowledge is beneficial in blockchain development.Documentation is key to mastering new technologies.Engineers must adapt to evolving data structures and requirements.Maintaining performance while scaling is a common challenge.Hands-on experience with constrained environments can aid in blockchain development.Follow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13

A conversation with Daniel (aka @nicechute), co-founder and CEO @LuloFull notes for this episode at: https://solfate.com/podcast/70Solfate PodcastFollow us on twitter and turn the notifs on: @SolfatePodDiscover all our podcast episodes on our website: solfate.com/podcastCollect our episodes as NFTs on DRiP: drip.haus/solfateSummaryIn this episode, we welcome Daniel on the podcast, co-founder and CEO of Lulo, to discuss the birth and evolution of Lulo, a platform that simplifies DeFi. We explore the challenges faced in the DeFi space, the pivot from their original product to FlexLend, and the importance of user experience. The discussion also covers upcoming features, including a native app and an insurance product aimed at mitigating smart contract risks, ultimately positioning Lulo as a competitive player in the personal finance space.We talk about the innovative features of Lulo, a DeFi platform designed to enhance user experience and safety in digital asset management. The discussion covers the importance of risk management in DeFi, the introduction of an insurance-like product to protect users' deposits, and the vision for Lulo as a comprehensive financial tool that simplifies crypto investments. We also discuss regulatory challenges and the future of Lulo as a leading crypto app, highlighting the platform's potential to attract a broader audience to DeFi.TakeawaysDeFi is perceived as hard to use, which hinders adoption.The original idea for Lulo was an order book for lending.The pivot to FlexLend was driven by user needs for simplicity. Lulo's model allows for diversified risk management similar to traditional insurance.The future of Lulo includes features like debit cards and fiat onboarding.Lulo seeks to create a risk-free standard in the DeFi space.A simple UI can significantly enhance user experience.Launching a product early allows for easier iteration and feedback.Marketing strategies should align with product complexity.Lulo aims to compete with traditional finance apps like Robinhood. Safety is the number one concern for users in DeFi.The new insurance product helps manage risks associated with underlying protocols.Users will choose their risk level instead of specific apps in the new UX.Lulo aims to be the go-to crypto app for personal finance.The platform's efficiency improves as more DeFi pools are integrated.Follow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13

A conversation with Craig Mahoney (aka @Njord614), Founder @SuperPhoenixDAOFull notes for this episode at: https://solfate.com/podcast/69Solfate PodcastFollow us on twitter and turn the notifs on: @SolfatePodDiscover all our podcast episodes on our website: solfate.com/podcastCollect our episodes as NFTs on DRiP: drip.haus/solfateSummaryIn this episode, we welcome Craig on the podcast to discuss the innovative concept of SuperPhoenixDAO, a project centered around acquiring and tokenizing in-game assets within the Star Atlas universe. They explore the economic implications of such investments, the social dynamics of gaming, and the potential for community engagement through decentralized governance. The discussion also touches on the development timeline of Star Atlas and the exciting possibilities of cross-game integration within the Solana ecosystem.We discuss the role of SuperPhoenixDAO in connecting various ecosystems within the Web3 space, emphasizing the importance of creating unique user experiences. Our guest shares insights on current initiatives, future plans, and the challenges of fundraising in both Web2 and Web3 environments. The discussion highlights the symbiotic relationships between different projects and the maturation of the blockchain space, focusing on long-term investments and community engagement.TakeawaysSuperPhoenixDAO aims to build a social hub in Star Atlas.Tokenizing in-game assets can democratize ownership.Investing in virtual venues can yield real-world returns.The gaming economy is evolving with Web3 technologies.Community engagement is crucial for game development.Cross-game integration can enhance player experiences.The future of gaming lies in decentralized ecosystems. Creating a functional bond between different NFT communities is essential.SuperPhoenixDAO aims to be the connective tissue between isolated ecosystems.The focus on experiential design sets SuperPhoenixDAO apart from traditional blockchain projects.The upcoming token launch is a significant milestone for SuperPhoenixDAO.Gaming is a key area for onboarding new users to the crypto space.Long-term investments in Web3 projects are becoming more common.The mutually beneficial relationship between SuperPhoenixDAO and Star Atlas.Follow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13

Behind DSCVR: Building a Decentralized Social Network for the Web3 EraA conversation with Rick Porter (aka @rckprtr), CEO @ DSCVRFull notes for this episode at: https://solfate.com/podcast/68Solfate PodcastFollow us on twitter and turn the notifs on: @SolfatePodDiscover all our podcast episodes on our website: solfate.com/podcastCollect our episodes as NFTs on DRiP: drip.haus/solfateSummaryIn this conversation, Rick Porter, CEO and co-founder of DSCVR (pronounced Discover), discusses the evolution of his platform, a Web3 social network aimed at unlocking monetization, distribution, and ownership for users. He shares his background in crypto, the transition from previous projects to DSCVR, and the technical architecture that supports the platform. The discussion also delves into the complexities of the feed engine and user engagement strategies, highlighting the challenges and innovations in building a decentralized social network.Rick Porter discusses the infrastructure and cost efficiency of data analytics on Solana vs Ethereum, the value of blockchain in social media, and the importance of transparency and accessibility for creators. He explores the philosophical implications of treating data as a utility and presents DSCVR as a new social platform for Web3 users. The discussion concludes with insights for builders in the ecosystem, emphasizing the importance of experimentation and self-belief.TakeawaysDSCVR aims to unlock monetization, distribution, and ownership for users.Blockchain provides decentralization and verifiability for social media. DSCVR 's initial concept was to create a Reddit-like platform on-chain.User engagement is driven by a complex feed engine that customizes content for each user.The move to Solana was a significant step for DSCVR's development. Infrastructure costs for data analytics can be managed effectively.Rust offers significant cost savings compared to TypeScript systems.Transparency in social media empowers creators and users alike.Data should be accessible to everyone, akin to a utility.DSCVR offers a unique social experience for Web3 users.Building in the ecosystem requires experimentation and resilience.Don't underestimate your capabilities as a builder.Find Rick and DSCVR onlineFollow Rick on twitter - @rckprtrFollow DSCVR on twitter - @dscvr1Follow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13

Mobile dev chat: Focus on DRiP app & Solana mobile, discussing cross-platform tools, security, UX & community. Key: protect secrets & prioritize performance.Full notes for this episode at: https://solfate.com/podcast/67Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showSolana is the only place where mobile is a part of the conversation.You have to build an API to protect your secrets.Mobile apps are client side apps so developers should not trust the environment. Do not put secrets in your mobile apps.You can co-sign transactions and have them executed on the backend.DRiP is a mobile company, even if they don't realize it.You need to be way more active on Twitter. Web development skills are increasingly relevant for mobile developers.React Native is convenient but has performance limitations.Kotlin Compose offer a promising alternative for mobile development.Understanding UX differences is crucial in cross-platform development.Community feedback is essential for app improvement.Prototyping in mobile apps can help clarify ideas for product development.Performance is a key factor in user satisfaction with mobile apps.Developers should focus on building compelling features to retain users.Engaging with developer communities can provide valuable support and resources.Find Andrew and DRiP onlineFollow Andrew on twitter - @creativedrewyFollow @drip_haus on twitter - @drip_hausFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Building Web3 communities that matter: Inside Superteam Germany's strategy for sustainable growth in Solana.Full notes for this episode at: https://solfate.com/podcast/66Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showBekka moved to Germany for cultural opportunities and language learning.Superteam Germany was founded to support the Solana ecosystem.Community membership is capped at 150 to maintain meaningful connections.Germany's Superteam focuses on builders and technical development.Regional Superteams have unique strengths and focuses.Collaboration among Superteams enhances overall community growth.Bekka's artistic background influences her approach to Web3.Digital asset ownership revolutionizes creator relationships.Challenges in the NFT space can lead to personal growth.In-person events significantly impact community connections.Collaboration has changed lives in the Web3 space.Diversity of skills is essential for impactful projects.Communication is key to conveying vision and ideas.The ecosystem is evolving to include more non-technical roles.Creativity and collaboration can lead to innovative solutions.NFTs have potential beyond current applications.The importance of fostering a supportive community.Embracing the unknown can lead to exciting opportunities.Find Bekka and SuperteamDE onlineFollow Bekka on twitter - @DrRebekkaRevelFollow SuperteamDE on twitter - @SuperteamDEFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Get insights into ORE’s proof-of-work journey, including new features in V2, staking pools, and the project’s unique approach to building a broader ecosystem.Full notes for this episode at: https://solfate.com/podcast/65Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showORE is a proof-of-work token that anyone can mine.The project aims to bridge Bitcoin to Solana.Mining is designed to be accessible to all users.The hash function used in ORE is non-parallelizable.Mining happens off-chain, with validation on-chain.The initial launch faced significant network congestion.The V1 system had issues with spam and transaction volume.A hard fork was necessary to transition to V2.The V2 redesign improved the mining experience.The project gained attention through its marketing strategy. The transition from V1 to V2 involved significant changes in reward structure and supply cap.Community feedback is crucial in shaping the monetary policy of the token.Participants in crypto can be categorized into three main groups: nerds, speculators, and utility seekers.Liquidity is essential for the success of ORE and its integration with real-world assets.Staking and mining pools are being introduced to enhance user participation and rewards.Horizontal integration can create a broader ecosystem for the ORE token.Liquidity is viewed as a key component of store value in the crypto space.The project aims to compete with traditional finance by offering decentralized alternatives.The ORE experiment is seen as a significant step in exploring new monetary policies.Community engagement and feedback are vital for the ongoing development of the ORE project.Find HardhatChad and ORE onlineFollow HardhatChad on twitter - @HardhatChadFollow OREsupply on twitter - @OREsupplyFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

GenesysGo is transforming decentralized storage with Shadow Drive, a fast, secure platform built on Solana, designed to rival traditional cloud solutions. And they are building it using mobile phones.Full notes for this episode at: https://solfate.com/podcast/64Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showGenesysGo is building the decentralized storage platform called Shadow Drive, which aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms.The team started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana.Shadow Drive addresses the storage challenges faced by validators by storing Solana's ledger history. The platform has grown to have an average of 130,000 daily active users.Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers. Shadow Drive achieves this by leveraging the collective power of the network.The platform aims to decentralize revenues and distribute them to the operators of the network, providing a disruptive and cost-effective alternative to traditional storage providers. Shadow Drive V2 is a decentralized cloud storage platform built on the Solana network.The platform is designed to be resource-efficient and capable of running on mobile phones.It operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities.The platform aims to decentralize revenues by directly passing user fees to network operators.Find Frank and GenGo onlineFollow Frank on twitter - @Frank_theTraderFollow GenesysGo on twitter - @GenesysGoFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Colosseum fuels Solana innovation! 🚀 $250K for startups, mentorship, and a $60M fund. Next hackathon begins September 2nd—be part of the future! #Solana #Blockchain #startup Full notes for this episode at: https://solfate.com/podcast/63Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showColosseum combines online hackathons and accelerator programs to support Solana ecosystem startups.The accelerator program helps teams push towards a mainnet release and provides support in technical and non-technical areas.Colosseum invests $250,000 in each startup that goes through its accelerator program.Teams in the accelerator program receive feedback on legal and entity structure, team composition, and early customer communication.Colosseum evaluates teams based on their ability to ship quickly and efficiently. Colosseum provides funding, mentorship, and resources to early-stage projects in the Solana ecosystem.They run hackathons to identify talented teams and provide them with pre-seed funding and support.The accelerator program helps teams refine their ideas and secure additional funding.Colosseum plays a role in educating and convincing later-stage funds to invest in the Solana ecosystem.They are working on building a co-founder matching platform to help teams find the right partners.The next hackathon is scheduled for September 2nd to October 8th.Find Matty and Colosseum onlineFollow Matty on twitter - @mattytayFollow Colosseum on twitter - @ColosseumOrgColosseum website - Colosseum.orgFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate