Saurabh Deshpande
@desh_saurabh
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I write and host a podcast @Decentralisedco | Prev. @TheBlock__
Joined April 2012
What if the way you trade crypto is fundamentally broken—and you don’t even realise it? That’s where my conversation with @jai_prasad17 began. We started with a simple question: Why does trading on-chain still feel broken? Institutions have tools that everyday traders don’t. Market makers have an edge. MEV acts as an invisible tax. And despite DeFi’s promise of transparency, the playing field isn’t level. Jai has seen all of this firsthand—first as a founder of Token Analyst, then at Coinbase, where his team was responsible for onboarding Solana, Near, AVAX, and almost every major L1 onto the exchange. But what stuck with him were the gaps that still existed. Institutional traders have prime brokerage services, while DeFi traders were left with fragmented liquidity and suboptimal execution. The difference is if you buy a token on Coinbase as a retail user, your trade is executed only using the liquidity on Coinbase. But with prime broker services, liquidity is sourced from across different venues for you. The result is a much better execution. That’s why he built @DefinitiveFi, a trading platform that gives anyone with wallet access to institutional-grade tools, from MEV protection to execution algorithms that break up large trades just like a prime broker would. In December and January alone, DefinitiveFi saw nine figures in monthly volume. More than 10x growth since they started operations in Q1 2024! Definitive solves for problems in DeFi in three ways — gas fee abstraction, chain abstraction, and account abstraction. But as we talked, it became clear that DeFi’s problems and opportunities go much deeper. AI agents are coming. Order books are making a comeback. The old DeFi primitives aren’t enough anymore. And yes, DefinitiveFi will have a token. The real question is when—and what kind of launch it will be. Jai has strong views on this: most token launches today are broken before they even begin. Hyperliquid’s model is an anomaly, fair launches have their flaws, and high-FDV listings often mean death by a thousand sell-offs. This episode is about the future of how people trade on-chain. You’ll want to listen to this.
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Tried @HeyAnonai I am impressed with the swapping and bridging capabilities. It's amazing that I didn't have to look for a DEX or a bridge. Suggestions — 1. Deliberately deposited non-gas token first. There should be some mention of depositing gas token. 2. User should be able to withdraw to other addresses without having to export private keys. I've tried multiple DeFAI apps. This was prob the best experience.
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RT @Decentralisedco: From "this is the future" to "it's so over." January saw both euphoric highs and unexpected lows for AI coins. And i…
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RT @Decentralisedco: Massive pension funds move billions in stocks daily using Goldman’s dark pools. Hidden from prying eyes. But there's a…
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It's not just about the cost of attacking Bitcoin. Where are you going to get the hardware at that scale? There is typically months of waiting for you to procure BTC mining equipment. Setting up a mining operation that huge is not very easy. A nation-state motivated to attach Bitcoin will have to buy out existing miners, which would probably have a premium attached to it? Also, why is 51% enough? It doesn't guarantee double spending every time, right? It'd have to be significantly higher than 51%. And every incremental rise in procuring hardware for mining gets significantly more challenging imv.
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At 2750 per eth, 10k NFTs representing 5% of the network, @megaeth_labs are valuing themselves at $550 mil. Cheap imv. Congrats to whitelisted folks. And all the best to those attempting fcfs for the mint.
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RT @Decentralisedco: Fun fact: 99% of electricity is lost transmitting power from LA to NY. What if you could move the miners instead of tr…
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Tried to find avg. holding times for different assets (would be a great addition to @dyorcryptoapp). Assuming assets with lower avg. holding duration are down more. We just ape into things w/o any conviction. But global liquidity bottoming out is good hopium.
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@shloked_ @aixbt_agent Lol. No. Some other things. But fwiw, I think some (including aixbt) will really hard if/when there's risk on mode again.
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