DeFi & Polygon / Ethereum, with Polygon's Hamzah Khan

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<p><a target="_blank" href="https://coinjournal.net/polygon/" rel="noopener">Polygon</a> is the eleventh largest cryptocurrency on the planet – it actually wants no introduction. Thought-about by many because the flagship Layer 2, it helps clear up a reasonably large downside – that <a target="_blank" href="https://coinjournal.net/ethereum/" rel="noopener">Ethereum</a> is a troublesome cryptocurrency to make use of.</p> <p>Even Vitalik has mentioned that the longer term is a roll-up financial system, with Ethereum as a Layer 1, with initiatives similar to Polygon proper there in order that common individuals can, you understand, truly use it – with out taking a mortgage out to pay for fuel charges. </p> <p>I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to speak all issues DeFi and Polygon. We bounced round rather a lot, however coated on nice subjects.</p> <p><span class="fr-video fr-deletable fr-rv fr-fvc fr-dvb fr-draggable">[embed]https://www.youtube.com/watch?v=4HB4Hm8RMxg[/embed]</span></p> <p>We began out technical, for any of you nerds on the market. Hamzah chats about <a target="_blank" href="https://coinjournal.net/news/uniswap-scales-using-polygons-zkevm-testnet-introduced-today/" rel="noopener">zkEVM</a>, or zero-knowledge roll-up expertise, which Polygon introduced final week had gone stay in testnet kind, thrilling many across the business.</p> <p>It was additionally robust to keep away from the Reddit Polygon craze this has been ongoing for the reason that weekend, with the large NFT assortment hovering to succeed in over three million customers on the social media web site. Hamzah talks of the behind-the-scenes chat with Reddit, as the corporate launched the NFTs on Polygon, after all.</p> <p>We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “short-term worth locked” given its transience, and the way the repute of the business took successful this previous yr as CeFi went beneath – regardless of DeFi trucking alongside so easily.</p> <p>I bought my favorite line in there as all the time – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he thought of fuel charges, and whether or not it'll ever be solved. And in that case, what does a future seem like for Polygon?</p> <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> <p lang="en" dir="ltr">I hosted <a target="_blank" href="https://twitter.com/Polygon?ref_src=twsrc%5Etfw" rel="noopener">@Polygon</a>'s Head of DeFi, <a target="_blank" href="https://twitter.com/_khanhamzah?ref_src=twsrc%5Etfw" rel="noopener">@_khanhamzah</a>, on the <a target="_blank" href="https://twitter.com/CoinJournal?ref_src=twsrc%5Etfw" rel="noopener">@CoinJournal</a> podcast this week </p> <p>We chatted DeFi, the brand new zkEVM, Reddit NFTs, scalability, the way forward for Ethereum as a settlement layer, Vitalik's feedback on centralisation and extra⬇️<a target="_blank" href="https://twitter.com/search?q=%24MATIC&src=ctag&ref_src=twsrc%5Etfw" rel="noopener">$MATIC</a><a target="_blank" href="https://t.co/zYIEfqnAr6" rel="noopener">https://t.co/zYIEfqnAr6</a></p> <p>— Dan Ashmore (@DanniiAshmore) <a target="_blank" href="https://twitter.com/DanniiAshmore/status/1585556120877338626?ref_src=twsrc%5Etfw" rel="noopener">October 27, 2022</a></p></blockquote>

<p>I additionally put the query to Hamzah concerning the centralisation of DeFi. With a lot of the house working on centralised <a target="_blank" href="https://coinjournal.net/news/the-rise-of-stablecoins/" rel="noopener">stablecoins</a> (even Vitalik mentioned just lately that Tether, Circle and different suppliers may affect the route of future Ethereum forks), is without doubt one of the pillars of DeFi being compromised? And extra curiously, does it have it to be, or is there another?</p> <p>We dance round these and plenty of extra subjects, however that is at its coronary heart a 30-minute dialogue on DeFi and Polygon, and what position Polygon may play sooner or later.</p> <p>As all the time, I'm open to feedback both right here or on Twitter – and hyperlinks to hear are beneath.</p>

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