Ep. 2 | Splits
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Ep. 2 | Splits
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Summary
Will, co-founder of Splits, discusses building on-chain banking product products to facilitate business operations using the EVM. He shares insights on the evolution of their product, the challenges faced with existing implementations like Mirror's Merkle tree splitter, and the importance of designing for Layer 1 versus Layer 2 solutions. The discussion also covers the significance of payment flow structures, what it means to have an unbreakable agreement, and why they built the product in-house from end to end.
Chapters
00:00 Building an On-Chain Banking Product
03:08 Design Decisions and Trade-offs
09:06 The Impact of Layer 2 Solutions
12:45 Iterating on Contract Design
16:25 Understanding Waterfall and Push vs Pull Payments
21:00 Auction Dynamics and Malicious Bidding
21:41 Unbreakable Agreements in On-Chain Money Management
24:58 Targeting Crypto Natives vs. Web2 Companies
27:25 Building Teams for Multi-Chain Operations
31:08 The Importance of Full Stack Development
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