Dean Eigenmann, Co-Founder of Market Start Inc, joins us to talk about the massive shift in crypto market dynamics. Dean explains his transition from the “closeted” world of MEV trading to launching a liquid-focused fund. We discuss why venture capital overhang has left the market without marginal buyers and why “crypto mullets” are the future of critical infrastructure. Dean also breaks down the math behind token buybacks, comparing the success of Hyperliquid to the struggles of Helium and Jupiter.
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Notes:
→ Tokens should be equity
→ Hyperliquid 11 employees
→ Jane Street conspiracy
The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.
Ellipsis Labs is hiring New York-based engineers. If you’re an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.
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