Why These DeFi Builders Are Betting It All on Coinbase’s L2, Base - Ep. 894

Unchained

Subscribe to the new Bits + Bips channels!

Coinbase’s L2 Base is quickly becoming the most powerful distribution funnel in crypto — and two builders are betting everything on it. 

In this episode, Aerodrome’s Alex Cutler and Moonwell’s Luke Youngblood explain why they aligned early with Base, how Coinbase’s strategy could transform token launches by offering “one-click distribution” to 100M+ users, and why they believe Coinbase is set to become the world’s largest “crypto bank.” 

They also debate whether exchanges should decide which assets people can trade, how DeFi must evolve to reward token holders sustainably, and whether Uniswap’s push to keep liquidity fragmented is a moat or a weakness. 

Finally, they unpack the future of sequencing — and why Flashbots could deliver Solana-level speed while making trading fairer for everyone.

Thank you to our sponsors!

Guests:

Links:

Timestamps:

    • 🎬 0:00 Intro

    • 👥 2:56 Why Alex and Luke aligned early with Base, and how their backgrounds shapes that decision

    • 📢 6:32 How Coinbase is positioning itself as the distribution partner of the onchain economy

    • ⚖️ 21:12 Whether exchanges should be the ones deciding what assets people can trade

    • 🌱 33:15 How DeFi needs to evolve to reward token holders sustainably and focus on long-term growth

    • 💧 41:32 Whether liquidity fragmentation is actually a feature, not a bug, for Uniswap

    • 💸 57:50 How  Moonwell and Aerodrome justify issuing more incentives than they currently earn in revenue

  • Learn more about your ad choices. Visit megaphone.fm/adchoices

    More description

    Subscribe to the new Bits + Bips channels!

    Coinbase’s L2 Base is quickly becoming the most powerful distribution funnel in crypto — and two builders are betting everything on it. 

    In this episode, Aerodrome’s Alex Cutler and Moonwell’s Luke Youngblood explain why they aligned early with Base, how Coinbase’s strategy could transform token launches by offering “one-click distribution” to 100M+ users, and why they believe Coinbase is set to become the world’s largest “crypto bank.” 

    They also debate whether exchanges should decide which assets people can trade, how DeFi must evolve to reward token holders sustainably, and whether Uniswap’s push to keep liquidity fragmented is a moat or a weakness. 

    Finally, they unpack the future of sequencing — and why Flashbots could deliver Solana-level speed while making trading fairer for everyone.

    Thank you to our sponsors!

    Guests:

    Links:

    Timestamps:

    • 🎬 0:00 Intro

    • 👥 2:56 Why Alex and Luke aligned early with Base, and how their backgrounds shapes that decision

    • 📢 6:32 How Coinbase is positioning itself as the distribution partner of the onchain economy

    • ⚖️ 21:12 Whether exchanges should be the ones deciding what assets people can trade

    • 🌱 33:15 How DeFi needs to evolve to reward token holders sustainably and focus on long-term growth

    • 💧 41:32 Whether liquidity fragmentation is actually a feature, not a bug, for Uniswap

    • 💸 57:50 How  Moonwell and Aerodrome justify issuing more incentives than they currently earn in revenue

  • Learn more about your ad choices. Visit megaphone.fm/adchoices

    2025-08-29 88 min
    Listen elsewhere

    Available Results

    Generated results are saved to your library for reuse and search.

    No generated results are available for this episode yet.

    Transcript

    No transcript is available for this episode yet.
    Sign in to generate a transcript for review.
    Sign in

    Chapters

    No chapters available.