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Colosseum is one thing delight in a hackathon organizer mixed with Y Combinator for Solana startups. I are inclined to scrutinize its hackathon entries as a proxy for what Solana builders are interested by, and I search its hackathon winners as a doubtless proxy for what Solana mission merchants get in point of fact helpful.
So this week on the Lightspeed podcast, I requested Colosseum co-founder Matty Taylor what he’s pondering from the group’s most up-to-date hackathon, and his reply an awfully good deal surprised me.
“One of many issues that we’re most pondering is form of a return to crypto cypherpunk roots,” Taylor said. He cited privateness-conserving functions and recent takes on DAOs as examples.
Taylor said he’s seeing “excessive performing [Solana] founders” showing a entire lot of hobby in non-public trading technology, citing venerable Colosseum winner Darklake — which is constructing a 0-recordsdata enabled DEX — as one example. He’s additionally seen builders facilitating non-public payments on existing stablecoins.
Solana builders assemble appear to be increasing extra interested by onchain privateness. The RPC supplier Helius good unveiled confidential balances, a extra non-public version of Solana’s existing token extensions. The testnet-part encryption infrastructure network Arcium has additionally been buzzy of gradual.
Privateness is cypherpunk, however it’s additionally a necessity for some institutions to reach onchain, as abundant capital allocators are inclined to delight in maintaining their financial actions opaque.
Taylor additionally mentioned DAOs, the crypto-native governance constructing that has up to now proved tricky to assemble. Colosseum used to be an early supporter of markets-based fully governance platform MetaDAO, and Taylor talked a pair of futarchy-enabled token launchpad the set funds are escrowed and topic to resolution markets for the plot they need to accumulated be spent.
That roughly provider has been tried for issues delight in NFT roadmaps in the previous — so it’s unclear whether this try will pick up on extra broadly — nonetheless brilliant mighty anything may perhaps presumably well be an development on the “one token, one vote” website quo.
