Initia: Incentively Aligned Appchains - Ezaan Mangalji, Anil Lulla & Jose Maria Macedo

Blockchain architecture is constantly being forced to adapt to new technologies, as well as to meet new demands from users and builders. While the idea of apps building their own chains was first explored by Cosmos, it lacked the support and tooling to see it succeed. Later on, rollups also took the centerstage of Ethereum’s scaling roadmap, but due to their general purpose design, it led to a cannibalistic ecosystem. Initia learned from these 2 models and combined the best of both worlds: it built a full-stack framework for a seamless DevEx from the get-go and, more importantly, it designed its tokenomics in order to ensure maximum incentive alignment for its appchains. While the former decision removed the need for each separate chain to reinvent the wheel and risk ending up ‘a jack of all trades, master of none’, the latter ensured that appchains would not extract value away from the L1.Topics covered in this episode:Ezaan’s backgroundFrom building on Terra to InitiaHow Initia is rewriting the appchain thesisInitia’s enshrined liquidity & vested interest program (VIP)Metrics & Initia’s bet on crypto innovationSolving liquidity fragmentationDelphi’s involvement in InitiaFuture roadmapEpisode links:Ezaan Mangalji on XJose Maria Macedo on XAnil Lulla on XInitia on XDelphi Digital on XDelphi report on InitiaSponsors:Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.ioChorus One: one of the largest node operators worldwide, trusted by 175,000+ accounts across more than 60 networks, Chorus One combines institutional-grade security with the highest yields at - chorus.oneThis episode is hosted by Brian Fabian Crain.

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