The Evolution of Markets

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[00:03:31] - [First question] - Doug’s career and history working with markets

[00:08:55] - Defining what a trading stack consists of

[00:13:41] - How HFT firms are such reliable money-making models

[00:16:27] - What’s at the cutting edge of traditional markets that provides an edge

[00:18:45] - The mechanical parts of infrastructure involved in building an exchange

[00:21:00] - Classes of data that matter for operating an exchange

[00:22:11] - Capacity and what good returns are as an HFT firm

[00:28:45] - Overview of the mechanics of an AMM

[00:31:53] - Earning a yield as a liquidity provider

[00:33:59] - Other ways to think about AMMs and liquidity providers

[00:36:42] - Key players in the AMM space and the evolution of them

[00:41:20] - How asset holders can approach DEX tools and be liquidity providers

[00:42:55] - The function of an exchange’s native token

[00:45:25] - Token distribution and how to earn them without buying them

[00:48:31] - How you receive payment for providing liquidity

[00:51:31] - What CrocSwap will do and what a single contract DEX unlocks

[00:57:36] - How CrocSwap is able to do this when other exchanges can’t

[00:59:27] - What single contracts will improve for users 

[01:00:43] - The impact CrocSwap will have for all participants writ large

[01:02:28] - Whether or not CrocSwap will cultivate an ecosystem

[01:03:30] - What’s next for CrocSwap in the near future

[01:04:58] - The promise of DeFi and the future of blockchain technology

[01:07:04] - Whether or not DeFi is a threat to centralized exchanges

[01:09:52] - Defining what MEV is and why it’s important for DeFi

[01:13:04] - Missing pieces in the DeFi world and how we can address them

[01:15:24] - The kindest thing anyone has ever done for him