Uneasy Money: Is Jupiter Incompetent or Evil? And Is Hyperliquid's ADL Flawed? - Ep. 976

Thing is just lending is where everyone's blown up in the past. That seems to be like nine out of the 10 blow ups come from some sort of lending mechanism. That's the one place in crypto I'd be afraid to build. Obviously, people should have business models so that they can build, like, sustainable business and create new value. Ethereum foundation says what you're going on today. I know. This is super controversial at Ethereum, by the way. Like, you shouldn't have business models. Unfortunately, in crypto, once you have a token, price becomes like the only signal of success. Right? You can release a feature. If the if Bitcoin randomly dropped 10% that day, it's suddenly a bad feature. Hey, everyone. I'm Kean Warwick and welcome to the fifth episode of Uneasy Money because what happens on chain never stays on chain. I'm here with Luca Netz, CEO of Pudgy Penguins and Taylor Monahan, security at MetaMask. Hey, Luca and Tay. Before we begin, here's a word from the sponsors that make the show possible. Multichain Advisors is an emerging technology growth firm that has helped create 50 plus billion dollars in enterprise value for 80 plus clients over the past four years. They're the partner to help navigate markets. Build real traction today at multichainadv.com. One quick thing before we start, nothing you hear on uneasy money is financial advice. We're just three builders talking about what's happening on chain, and we want you to always do your own research before aping in. You can find all our disclosures at unchainedcrypto.com/uneasymoney. All right, guys, let's get into it. It's been a very busy week this week. I think the first thing, that we're gonna talk about is a little bit of Solana, warfare between Solana DeFi teams, Camino and Jupiter. So Jupyter, lend is a lending protocol within the Jupyter ecosystem. Jupyter started off as, I guess, a DEX aggregator slash DEX and has expanded vertically, horizontally, diagonally into other dimensions over the last, like, four years. And, I think has done a very good job at kind of dominating the Solana DeFi ecosystem. Basically, like any evolutionary niche that is available, they will go in and occupy it. As you can imagine, Camino, that is a pure lending protocol, maybe hasn't loved that. It was cool when they were just a dex aggregator, but now they're like a lending aggregator. And so it's created a bit of tension, I think, within Solana ecosystem. In particular, there was this conversation about this zero contagion claim made by which any time anyone in the fire tells you zero anything run because it's going to be some kind of psyop. So the the claim, I think, was that there was zero risk of contagion within Jupiter land within their pools. So the idea here being that, you know, you have these isolated lending pools within defi. The design is supposed to protect someone who's in one pool from having …