Powering Solana's On Chain Economy | Garrett Harper & Stepan Simkin

This podcast episode explores the future of blockchain, focusing on the growth of on-chain activity and the emergence of decentralized communities. It discusses the development of Squads Protocol as an all-in-one DAO infrastructure and highlights the importance of decentralized on-chain infrastructure for teams managing assets on-chain. The conversation also delves into the concept of smart accounts and the development of Fuse Wallet, a secure storage solution for Solana assets. The section emphasizes the value of formal verification and the need for immutability in protocols. The vision of Squads as a company betting on the future of an on-chain economy and the reasons for choosing Solana as the platform are discussed. The monetization strategy for Squads is also explored, along with potential services and business models in the crypto banking ecosystem. The challenges and evolving nature of decentralized autonomous organizations (DAOs) are examined, with a focus on user feedback and the importance of mobile applications in driving crypto adoption. Going mobile first and improving block explorers are highlighted as key aspects of app development in the Solana ecosystem.