In today’s episode, we interview Preston Van Loon. Preston co-founded Prysmatic Labs, one of the main teams building Ethereum 2.0, and has been leading that team for the past three years. On top of that, he recently founded a DeFi project which bundles the entire crypto market cap in one token to allow anyone to easily buy something like a crypto index. We talk about how the desire to make a bigger impact inspired him to leave his job as a Google engineer and work in crypto full time. And how it was a spontaneous donation via Twitter from Vitalik Buterin what pushed him to finally make the jump.
Preston talks about the latest in ETH2 —he says Etheruem’s big migration into its proof-of-stake chain is about six months away, give or take two months. He says Ethereum may be at a disadvantage relative to other Layer 1s, which are launching with more scalable technologies. But he also believes it will be hard for other chains to build the community Ethereum has, faster than Ethereum will upgrade.
He talks about why he found the time to start Cryptex with its TCAP token, he explains how the fully collateralized token works, how traders can mint it, add liquidity, and even yield farm it. But ultimately, the main goal of TCAP is to give people who are interested in buying cryptocurrencies and may not know the difference among the thousands of tokens out there, to simply get exposure to everything. He also said they’re not stopping with TCAP and that more tokenized indexes are coming up.