In this episode of Deeply Intents, I chat with Markus, founder of Tplus. We begin the episode by addressing the FUD around the recent Intel TDX attack. Next, we unpack Tplus by dissecting the high-level architecture. Thereafter we discuss how Tplus can benefit traders, solvers, MEV searchers, and block builders. Later Markus breaks down the events that led to the sell-off on 10/10/25. We finish the episode by discussing Tplus' revenue model and thinking from first principles. Timestamps(00:00) - How the cake is made (03:52) - Tplus etymology (06:34) - TDX FUD (11:58) - Tplus architecture (16:15) - Product surface expands with DeFi (18:44) - Breaking down cross-margin (23:53) - Markouts (26:06) - Everything in one box (28:25) - Vaults (31:04) - Orderflow on demand (34:57) - Is the juice worth the squeeze? (38:21) - B2C strategy (43:14) - Compossability with onchain liquidity (46:17) - Balancing founder priorities (48:08) - 10/10/25 (52:00) - ADL risk (53:27) - Adding product features (58:14) - Specialized market making (1:01:15) - Revenue model (1:03:57) - Ethereum and Solana upgrades (1:05:11) - Think from first principles
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:08:55
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1:08:55
One Click Ethereum - Mislav
In this episode of Deeply Intents, I chat with Mislav from Biconomy. We begin the episode by discussing the Biconomy Network’s one signature execution model. Next, we discuss the purpose of interoperability and chain abstraction. Thereafter, we dig our teeth into all things product, from gauging user feedback to building at the right level of abstraction to knowing who your team is. Next up, we unpack Biconomy's Supertransaction API, censorship resistance, misconceptions, and competition. We finish the conversation by reflecting on lessons learned over the years, building on the EVM, whilst speculating on potential Ethereum upgrades that would be advantageous.Timestamps (00:00) - Building on Ethereum(03:14) - One signature execution(11:24) - Why not just use the L1?(18:06) - Delivering chain abstraction(20:03) - Products at the right level of abstraction(24:32) - Talking to users(28:54) - Knowing who you are(36:00) - SuperTransaction API(40:42) - Zero setup for app developers(46:23) - Landing transactions(48:24) - Censorship resistance(52:30) - Addressing misconceptions(54:43) - Competition(56:51) - Use blockchains, lessons in there(1:00:43) - Ethereum upgrades and standardization(1:07:00) - Apps choose trust assumptions
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:09:31
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1:09:31
Solving Interop with Intents - 0xJim
In this episode of Deeply Intents, I chat with Jim Chang (0xJim), product guru from LI.FI. We begin the episode by answering the question, why do we need interop? Next we dive into the nuances of intent bridges, solvers, order flow auctions, MEV, and filler vaults. Thereafter, Jim explains the necessity of and philosophy behind Ethereum's Open Intents Framework (OIF). Directly after, we break down how the Ethereum Interop Layer (EIL), the OIF, and Ethereum governance interact. Later we discuss learnings from building products in 2025, including how to build distribution from zero and whether building a personal brand on Twitter is helpful towards these ends. We conclude by discussing Jim's passion for thrift shopping.Timestamps(00:00) - Building crypto products(04:29) - Working with Alt VMs(07:26) - Why do we need interop?(14:12) - Intents(20:16) - Getting pedantic about intents(26:14) - Intent value chain(30:33) - Intent verification(33:47) - Orderflow auctions(40:00) - Cross-chain MEV(45:00) - Solvers are not market makers(47:56) - Filler vaults(52:27) - Popular routes(57:25) - Open Intents Framework(1:04:12) - OIF flywheel(1:07:34) - Ethereum upgrades that support interop(1:10:30) - EIL, OIF, and Ethereum governance(1:14:17) - Product learnings in 2025(1:19:15) - Distribution 0-1(1:24:05) - Twitter(1:28:00) - Thrift shopping
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:35:08
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1:35:08
Securing the Future of Ethereum Core Development - Trent Van Epps
In this episode of Deeply Intents, I chat with Trent Van Epps from the Ethereum Foundation. In particular, we discuss Trent's work as an organizer of Protocol Guild. We begin by discussing what Protocol Guild is, why projects care, and membership. Next, we unpack the motivations for funding the Ethereum Commons, drawing lessons from Linux, and explore various funding mechanisms. Later, we break down the Compensation Insights for Ethereum Core Developers report. We conclude the episode by discussing the next 5 to 10 years of Protocol Guild and upcoming Ethereum upgrades.Timestamps(00:00) - Architecture to Ethereum(03:46) - KZG Summoning ceremony(06:33) - What is Protocol Guild?(11:35) - Why should projects care?(14:04) - Protocol Guild membership(17:57) - The Ethereum Commons(21:25) - Onchain organization(27:56) - Learning from Linux (34:05) - Protocol Guild Pledge(41:07) - In protocol funding mechanisms(46:01) - Protocol Guild FUD(52:23) - Compensation survey(57:23) - Survey feedback(1:02:30) - PG in 5-10 years(1:08:36) - Exciting Ethereum upgrades
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
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1:13:51
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1:13:51
A rollup that actually scales Ethereum - James Prestwich
In this episode of Deeply Intents, I chat with James Prestwich of Signet, the team behind Signet. This episode is a masterclass on rollups. To begin the episode, James breaks down exactly what a rollup is while taking us through their history that includes Bitcoin, roll_ups, Plasmas, minimum viable merged consensus, and sovereign rollups. Thereafter we unpack Signet, including no proving system as a feature, conditional transactions, instant bridging, and application-controlled execution. We continue by discussing Signet's sequencer design featuring decentralized block building. Later we discuss unexplored rollup designs by reviewing init4's article titled "(Re)Based Rollups" which unpacks possible rollup fork-choice rules. We finish the episode by discussing building products on Ethereum, the philosophy behind building developer tools, and history repeating itself in Bitcoin.Timestamps(00:00) - You can build a rollup in a completely different way(03:14) - What is a rollup?(06:17) - History of rollups(09:57) - Plasmas(14:34) - Minimum viable merged consensus(18:45) - Signet from first principles(21:27) - No proofs(23:01) - Conditional Transactions(27:42) - Instant bridging(31:15) - App-specific Conditional Transactions(31:47) - App Controlled Execution (ACE)(37:45) - Third party native issuance(39:44) - A rollup that actually scales Ethereum(41:16) - Sequencing and block building(45:33) - More Builders than Ethereum(48:08) - Finding the right partners(53:45) - Benefits of an app chain and general purpose chain(56:03) - (Re)Based Rollups(1:00:04) - Unexplored design space for rollups(1:03:41) - Mistakes building products on Ethereum(1:07:39) - Making developer tools(1:11:37) - Bitcoin repeating history
DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.
Deeply Intents is a podcast hosted by Apriori. There are two primary motivations; unpack Anoma with relevant guests, and have interesting conversations with values aligned builders. The podcast is long-form content, with an emphasis on the human element.
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