Tengji Zhang

Solana is LA. It’s big and sprawling and cheap. It is less decentralized. But some applications like games and NFTs do not need very high level of decentralization.

Profiles: Showcasing the objective data along with the subjective to build a holistic picture of who you are. LinkedIn for Web3.

Endorsement: connect the off-chain and on-chain data in a verified way to present one's professional identity

Market will be more efficient but volume will also get bigger. Opportunity will still be there for big player like FTX.

Ethereum will probably be the most valuable chain because that’s where the money is.

Ethereum is New York City; it is a happening place with the biggest DeFi protocols, the most TVL, the hottest DAOs and NFTs, but it is expensive. You scale by "building up skyscrapers" using L2 chain or "building out satellite towns" using interoperability networks that serve as highway connecting them.

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.