Credible Commitments

In this episode of Credible Commitments, I chat with Chang—operator, builder, and crypto native.
Chang unpacks why Robinhood chain is winning users and developers, the future intersection of content and casino games, the state of perps trading, and how incentives drive human behavior.

Timestamps
(00:33) - The class of 2021
(03:58) - Data collection for robots
(08:12) - Robinhood is winning devs & traders
(10:42) - Things can still get crazier
(12:49) - Intersection of content & casino games
(17:14) - The future of prediction markets
(19:40) - On the growth of perps
(21:55) - Mobile UX for perps trading
(26:09) - Future trading UIs
(28:24) - RWA fragmentation and use cases
(31:36) - CEXs going after RWA market share
(33:09) - Bull case for Ethereum
(37:17) - There is still a future for more L1s
(39:24) - Token vs. equity
(42:52) - Number go up incentivizes competition
(44:40) - Customer acquisition and GTM strategies
(46:05) - Zoomers love AI & Psychosis
(47:05) - Seeking alpha

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Chang on X: https://x.com/chang_defi


Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice.

In this episode of Credible Commitments I chat with Barnabé Monnot—founding member of Ethlabs.
We make the case for Quick Slots: a quintessential upgrade for Ethereum. Later we discuss fast finality, L1 & L2 strategy, and Fast Confirmation Rule (FCR).

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Timestamps
(00:57) - Why Ethlabs now
(04:42) - Moving faster, product focus
(07:38) - The founder journey so far
(11:12) - Quick Slots are a major unlock
(16:40) - Why quick slots for Hegota and not J*
(21:34) - Clearing the three hurdles for shorter slots
(24:02) - PQ architecture & smart contract dependency
(28:08) - Steel-manning Faster Slots
(33:08) - Validator consolidation & decoupling consensus
(36:53) - Fast Confirmation Rule (FCR)
(41:57) - FCR GTM strategy & adoption
(46:28) - Fast Finality & Trade-offs
(49:56) - L1 & L2 symbiosis
(56:02) - Based rollups
(59:10) - An L1 strategy
(1:02:58) - Potential Gen Z & Gen Alpha strategies
(1:06:43) - Agentic finance onchain
(1:09:26) - Ethereum feeling alive

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1. Barnabé's official position:
https://x.com/barnabemonnot/status/2092574823939461247

2. Ethlabs' official Hegotá EIP ranking:

https://x.com/ethlabs_org/status/2097838222621446629 

3. EIP-8198: Quick Slots:

https://eips.ethereum.org/EIPS/eip-8198

Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice.

In this episode of Credible Commitments I chat with Danning S., Research Director at Pantera Capital. We discuss prediction markets from first principles including -- category segmentation, who the users are and how they behave, MEV in crypto markets, oracle resolution mechanisms, and the power of distribution.

(00:00) - Nerding out on data

(02:26) - Prediction markets high level view

(04:18) - Polymaket US & International

(06:14) - Filtering the Data

(08:02) - Prediction market segmentation

(09:08) - Turnover reveals market attributes

(12:40) - MEV on Prediction markets

(18:42) - Adversarial taker bots

(23:01) - User does not equal wallet

(26:28) - Growing prediction market user base

(29:59) - Why are trading bots losing money?

(31:52) - Culture markets and oracle design

(42:20) - Permissionless prediction markets

(46:23) - Insider trading

(47:15) - High hanging fruit and innovation

(49:56) - The super app thesis

(52:01) - Does onchain matter?

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Danning's Research

1. Flashboys or Superforecasters - A deep dive into Polymarket’s venue growth, user portraits and market structures: https://panteraresearchlab.xyz/research/2026-h1-report-flash-boys-or-superforecasters/

2. Flashboys or Superforecasters; SBC Presentation at MEV Workshop: https://www.youtube.com/watch?v=85j-lQ04T_c

3. Contact Danning on X: https://x.com/sui414

Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice.

In this episode of Credible Commitments I chat with Kubi Mensah CEO/Co-founder at Gattaca, the company behind Titan Builder. We discuss block building from first principles, Ethereum's evolving market microstructure featuring a dense discussion on Prop AMMs, and what takes to build a world class product-centric organization.

(00:00) - Intro

(00:23) - Time at YC

(03:14) - Block building from first principles

(05:36) - Post merge block building

(09:48) - Service oriented edge

(12:03) - Technical excellence & counterparty obsession

(15:46) - Ethereum community

(18:31) - Tight product cycles

(21:43) - Sources of orderflow

(22:36) - PropAMMs

(26:22) - PropAMM research to product

(31:44) - Increase velocity of assets onchain

(33:35) - PropAMMs earnestly

(36:15) - Not exactly RFS, PAMM is quite novel

(37:55) - ACE and more expressivity

(39:55) - PropAMMs & L2s

(42:58) - Takers, routing, and a standardized interface

(44:47) - Leveraging LLMs

(48:10) - Agentic demand for blockspace

(50:07) - The Blockspace Forum



Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice.

In this episode of Credible Commitments I chat with Michael from Quasar Builder (#2 block builder on Ethereum). Michael started out mining Bitcoin before turning to block building, launching Quasar in 2025 with no privileged orderflow and climbing the leaderboard from the public mempool. The episodes progresses as we discuss PropAMMs and the market structure behind orderflow dynamics. Orderflow is downstream of trust. In particular we break down different types of orderflow and discuss what sharing orderflow between competing parties actually looks like and where multi-party block construction is heading. We close by discussing: ACE, faster blocks, and coordination as the next frontier including where ePBS fits into the auction's future, and a final question worth sitting with: is the public mempool beyond saving?

Timestamps

(00:00) - Bitcoin mining origins

(02:15) - Launching Quasar at the right time

(03:14) - Building credibility from the public mempool

(05:04) - Climbing the leaderboard

(07:31) - Trust is king

(09:22) - Different types of orderflow

(12:51) - CEX-DEX arbitrage

(14:59) - PropAMMs

(22:13) - Sharing orderflow

(25:15) - Multi-party block construction

(29:15) - Focus on bringing value to users

(30:51) - ACE/ Faster Blocks/ Coordination

(36:31) - Ship it mentality

(41:31) - Impact of AI on building products

(46:27) - Touching on ePBS

(53:52) - Is the public mempool beyond saving?

Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice.