Solana DeFi is having a resurgence, and Solana DeFi Summer is a narrative that's starting to emerge. What's the catalyst behind this resurgence, and is it sustainable? We bring on Jarry Xiao, Lucas Bruder and MacBrennan Peet to find out. We discuss why Solana DeFi is seeing a resurgence, token incentives, CLOBS vs AMMs, metrics that define a healthy ecosystem, what's next for Solana DeFi, liquid staking and more.

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Timestamps:

(00:00) Introduction

(01:15) What’s Going on in Solana DeFi?

(05:02) Token Incentives and Points

(14:24) What Will Spark Solana's DeFi Summer?

(15:56) Capital Efficiency: CLOBS vs AMMs

(16:13) Is Solana a Consumer or Professional DeFi Chain?

(25:46) The Best Metrics to Evaluate a DeFi Ecosystem

(34:49) Jito Liquid Staking ad

(35:55) Permissionless ad

(36:55) Understanding Risk and Avoiding Crazy APYs

(41:08) What’s Next for Solana DeFi?

(44:10) Building on Solana vs L2s

(50:41) Applications vs L1s: Who Owns the User Mindshare?

(53:12) Who Will Use DeFi?

(56:23) Your Most Controversial Crypto Take

(01:09:09) Rapid Fire

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This episode is brought to you by Jito.

Jito is the easiest way to earn MEV rewards on Solana with liquid staking. Stake your SOL with Jito to start earning high yield powered by MEV and access instant liquidity through Jito’s liquid staking token JitoSOL so that you can use your staked assets across Solana DeFi. Visit jito.network to get started today!

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Use code LIGHTSPEED30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

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Resources

Jito

jito.network

https://bit.ly/3K3TKnC

MarginFi

https://www.marginfi.com/

https://twitter.com/marginfi

Ellipsis Labs

https://ellipsislabs.xyz/

https://twitter.com/ellipsis_labs

Phoenix

https://twitter.com/PhoenixTrade_

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.