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Lei Yang

๐Ÿ‘ค Speaker
495 total appearances

Appearances Over Time

Podcast Appearances

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Yeah, so we shouldn't say nervous because when the podcast is out...

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

it's no longer nervous.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

But yeah, for now, yes, it is.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Yeah, 100%.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I think composability.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So I think we question ourselves a lot.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Why do we need to build a new chain?

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

What's the point of having a really beefy chain that can host all the applications you can think of on a synchronously composable substrate?

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And yeah, composability, I think, is the ultimate reason monolithic chains need to exist.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So there are, I think to me, the most interesting combo is HitOne and WCM.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I think you can draw a very interesting parallel to how traditional finance markets form.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So you have NYSE and NASDAQ of the world.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And then on top of them, you have brokers that face the retail, for example, Robinhood.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So a kind of a fundamental structure here is that you have exchanges as the ultimate settlement layer.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And then you have different brokers that cater to different kinds of users.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And so on MegaEth, HitOne is one such broker that caters to people who wants to

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

probably I would say YOLO a little bit, open a kind of a high leverage position per position on blue chip tokens.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And then they pass users positions down to WCM, open a position there, a one-to-one mapping.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And in some sense, they are kind of a proxy or they're kind of a,

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

a broker, a kind of a curated experience for a specific group of users to trade on WCM, but then underlying their tap into WCM's liquidity because it's kind of a one centralized piece of market infrastructure that in addition to Hikwan, other market players can also, other market participants can also play with.

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