Tengji Zhang

Naval

• This likely leads to consolidation of info  onto 1 or a few chains

Governance Participation: Identity information generated through on-chain governance participation. It tells us what does the individual involve with.

L2s matter — skyscraper technology is essential to scaling any city — but they are not the end of the story. L2s are an “and”, not an “or”.

Gives a brilliant and very cynical description of the Ponzi nature of yield farming in DeFi. Shed some light on how it is no so different from startups nowadays that keeps raising more money despite net negative return, as long as they have a grand narrative with a big promised profit at the end.

Areas of on-chain identity landscape: Ownership, Aggregators, Governance Participation, Bounties, Data Rails, Proof of Humanity, Endorsement, Profiles

Anatoly (Solana):  Not necessarily true.  DeFi might bid for priority, but they  don't need all bandwidth