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This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Barney Mannerings. He is founder of Vega Protocol, an innovative decentralised derivatives trading and settlement network. He previously created Pik, a web/mobile first payments company building a better deal for digital content creators and consumers. In this conversation, we discuss decentralized finance, non-custodial exchanges, liquidity, decentralized derivatives, layer 1 vs layer 2, and Vega Protocol. ------ https://Blockfi.com/POMP ------ Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ Book a one-on-one video call with Pomp: Cameo: https://www.cameo.com/pompglobal Superpeer: https://superpeer.com/pomp Follow Pomp on social media: Twitter: / apompliano Instagram: / pompglobal LinkedIn: / anthonypompliano Website: https://anthonypompliano.com/ Listen and subscribe on the platform of your choice: Apple: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/2QwpFjz... Google: https://play.google.com/music/listen?... TIMESTAMPS: 00:00 - Intro 00:11 - Defi 03:19 - Non-custodial exchanges 05:33 - Liquidity challenges 10:37 - Current state of defi derivatives 12:55 - What Barney is trying to improve 14:30 - Users 15:39 - Layer 1 vs Layer 2 architecture 18:14 - Regulations 22:21 - Derivatives in 10 years 24:14 - What has surprised Barney 25:34 - Favorite book 26:33 - Sleep habits 27:27 - Aliens 27:58 - Question for Pomp