Bringing XRP, ADA, BTC, and LTC to DeFi w/ Larry Lyu of Dango

The Interop

Dec 27, 2024•1 hr 3 min

--:--

Listen in podcast apps:

Episode description

"Dango is simplifying margin trading in DeFi."

Hundreds of billions of dollars of liquidity in $BCH, $DOGE, $XRP, $ADA and other assets is mostly absent from DeFi, not to mention Bitcoin. Imagine if we could fully utilize that TVL.

That’s what Dango wants to achieve. Right after they rebuild the entire DeFi stack...

The team built Grug as a new CosmWasm-based chain purpose-made for DeFi:

- On-chain credit account

- By-default smart accounts

- No wallet, passkey-first approach

- Fees paid in USDC

- 0.5-second block times & 2,000 TPS

- Secure Rust-based smart contracts

They created Grug so they could be its first customer, building an ecosystem of DeFi apps: a spot DEX, a perp DEX, and a margin account for borrowing and lending.

With a relentless focus on UX and an upcoming Mica-compliant ICO, I’m bullish on Dango setting a new standard for on-chain apps.

Topics

- Grug: A blockchain VM with smart accounts and cron jobs.

- The challenges and benefits of Passkeys in blockchain.

- Dango's focus on user-friendly DeFi and margin trading.

- Integrating "dinosaur" assets like BCH and XRP into DeFi.

- ICO strategy compliant with Mika regulations.

- Tokenomics: Low-supply token design and buyback mechanism.

- Proof-of-Authority vs. traditional Proof-of-Stake chains.

- Decentralizing Grug: Long-term roadmap for scalability.

Chapters

00:00 Introduction