Crypto Market Making With Evgeny Gaevoy

Evgeny Gaevoy, CEO of Wintermute, discusses market making in crypto, DeFi evolution, blockchain technology's relationship with capitalism, Solana's approach, GameFi potential, and the future of crypto in light of AI advancements. He shares insights on token design, DAO governance, and contrarian views on crypto's long-term prospects. Timestamps: 00:00 Start 00:52 Evgeny background 02:25 Crypto vs tradfi 04:04 Caring about more than market making 05:23 Wintermute business line 07:10 Why use a market maker? 10:11 Good vs bad market making? 12:07 On-chain price discovery 13:48 Is NOT having on-chain price discovery a failure? 15:27 ICO benefits 18:02 Good token design 20:22 Should token holders have rights? 24:09 Equity + tokens WTF? 26:04 DOA governance 27:35 Has governance gotten worse? 30:41 Big unlocks in DeFi? 34:45 Rebuilding TradFi on -chain (yawn) 39:23 Will crypto market makers get out competed? 42:56 ETH roadmap blues 44:12 Capitalist systems or bust 47:11 Solana 49:38 Bro, do u even Bitcoin? 50:27 What does DeFi solve? 51:29 What does DeFi NOT solve? 52:31 GameFi thesis 53:23 Why does GameFi still suck? 55:40 Star Trek = DeFi fail Follow our guest on Twitter: @EvgenyGaevoy Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices