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Adam Liposky

๐Ÿ‘ค Speaker
353 total appearances

Appearances Over Time

Podcast Appearances

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

Our technology that we've built, our security system is recursive, which means you can both receive security from the Canopy blockchain and also provide security out.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

So there's scalability in multiple ways.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

We can go horizontal where a lot of chains are secured by one security route.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

And we can go vertical where those security routes secure chains that become security routes themselves and secure other chains.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

And so now you've got a situation where you can have an application specific security environment that is tailored to a particular use case.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

So you act not only as like an application that captures value in your own right, but you can secure other chains as well and act like a layer zero to them, adding to your utility.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

It's sort of a very under the hood thing that we're talking about here, Sam.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

But I think for us, it's about producing value and capturing that value at the token level for these.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

Yeah, yeah, yeah.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

Our system's all about alignment, first and foremost.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

We want to align the security providers directly with the application themselves.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

And there's no better way to do that than have the security providers own the native tokens of the chains they secure.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

And so what our system essentially boils down to is a token gated security mechanism.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

We use restaking that was made popular by Eigen.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

And we use that for capital efficiency.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

But effectively, these security providers put at risk the value they have staked in the system against a new application.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

They run that software.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

And then in order or in exchange for that security, the applications pay them in their native tokens.

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

They can also pay them

Web3 with Sam Kamani
350: Reimagining Blockchain Dev: How Canopy Simplifies Building L1s with Guest Speaker Adam Liposky from Canopy Network

in Canopy tokens as well, which is our long run sustainability mechanism.