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Hersh and Dawufi sit down with Sreeram Kannan, founder of Eigenlayer, to explore the evolving landscape of decentralized applications and the critical role of trust in the crypto ecosystem. Sreeram introduces the concept of "apps with commitments," where applications make verifiable promises to users, removing reliance on developer integrity. They discuss real-world examples like Bitcoin, Uniswap, and Earnifi, showcasing how these principles enhance user trust and solve practical problems. The conversation emphasizes the need for robust infrastructure to foster innovation and expand the reach of decentralized tech, offering a hopeful vision for empowering users and building a more equitable financial future.

Timestamps:
00:00 - Introduction
01:10 - Eigenlayer: Infrastructure for Trust
05:00 - Connecting Trust to Applications
10:10 - User Preferences and the Value of Trust
12:10 - Why Users Should Care About Verifiable Trust
16:05 - Apps with Commitments: A New Paradigm
21:12 - Bitcoin as the Original App with Commitments
25:09 - Uniswap: Finding Free Market Value
28:01 - Lending Markets: Promises of Solvency
31:14 - Prediction Markets: Finding Free Market Odds
34:06 - The Role of AVSs in Commitment-Based Apps
38:08 - Real-World Applications: Earnifi and Beyond
40:59 - The Future of Commitments in Crypto
45:06 - Building on Trust: The Developer's Perspective

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.