Layer 1 Hate, Perp Dex Meta & Fogo Chain's Launch | Robert Sagurton
Published: 2025-12-15
Status:
Available
|
Analyzed
Published: 2025-12-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 7
Prediction
Topic
Status
Fogo Chain aims for 10ms block times and is currently at 40ms, with a goal to reduce it further.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Incorrect
Fogo Chain currently has 2100 TPS and 40ms block times with one application deployed.
"And so, we're at 2100 DPS today 40 millisecond block times we have one app so and that's credit to Doro"
Pending
Fogo Chain aims to reach 10,000 TPS in the near future, currently achieving over 2,000 TPS with 40ms block times.
"So, we're at 40 millisecond block time, over 2k TPS. Maybe by the time this gets out, we'll be at 10K hopefully, which will be significant."
Incorrect
Key metrics to judge Fogo Chain's success in two years will be TPS, real AI adoption, and block times.
"TPS. I would have said real user adoption, but why don't I say real AI adoption. And block times."
Pending
Fogo Chain aims for real AI adoption as a key performance indicator for its future success.
"TPS. Real AI adoption. I think that's the first time I've heard a crypto project say they want to have AI adoption as a metric. So interesting."
Pending
Fogo Chain's adoption strategy focuses on seamless integration into existing Web2 platforms, rather than prominent branding.
"And that's how I see it playing out. Maybe it's not super exciting because that does that means that you know the Fogo brand isn't plastered all over every stadium in the world and it's just being used in the background."
Correct
Fogo Chain has completed its Genesis phase for the mainnet launch.
"We're going to have kind of this phased mainet launch. What just occurred is what we're calling Genesis. So like the Genesis blocked app happened a couple months ago."
Correct
All future Fogo Chain developments and events will be conducted on-chain.
"So stay tuned for more announcements but expect that you see everything that we do is going to be onchain on fogo"
Correct
Fogo Chain prioritizes decentralization to avoid the pitfalls of monopolistic exchanges and empower users.
"And so we're not trying to be as decentralized as as Ethereum that being said like decentralization is important to me because I come from a place where we were at the mercy of monopolistic exchanges that would kind of wield that power to keep their positions and like you hadn't like you had no kind of say against it"
Pending
Fogo Chain's non-negotiable on decentralization is having an L1 with independent validators not under common control.
"having an L1 with independent validators and consensus is kind of mind non-negotiable you know it's not these validators are not under common control and that's super important to me"
Correct
Fogo Chain aims to achieve 10-millisecond block times, currently at 40 milliseconds and working towards further reduction.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Pending
Fogo Chain aims to be more accommodating to high-frequency trading liquidity providers.
"I think we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Correct
Fogo Chain's dual flow batch auction is designed to be friendlier to high-frequency trading liquidity providers by managing toxic flow.
"the dual flow batch auction is going to address that you know it's not going to we don't want to talk to toxic flow but not all of this flow is is sharp and toxic and so I think we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Pending
Fogo Chain's go-to-market strategy will differ from typical crypto exchanges by adopting scalable programs inspired by FX industry practices, avoiding direct targeting of end clients.
"And then the second thing is the go to market and marketing. And without disclosing too much on that, where we're going to be different is we're going to take some cues from our FX days where the exchanges don't really target uh end clients directly and have programs that are a lot more scalable."
Pending
Fogo Chain will initially launch with a low-stakes, potentially free-to-play game to test technology and UX before introducing high-stakes applications.
"The first thing you're going to see is a game. Yeah, you'll see a game. I mean I can I can say that now. And so people uh might already have kind of been playing around with that. And you know the the thinking there is the um we didn't want to launch with like this high stake leveraged purpose decks when we're working through growing pains both on the technology and just the UX."
Correct
The initial game on Fogo Chain will be free-to-play and generate complex, real transactions, serving as a robust test of the network's TPS capabilities.
"So we wanted to launch with a kind of a more st low stakes game that is even like free to play. And so that's kind of going to be first just kind of stress test the system. The advantage of this game as well is it puts out a lot of TPS and these are real transactions. They're actually like 30 times more complex than like what people use to test TPS."
Pending
Following the initial game, Fogo Chain will introduce core DeFi applications such as DEX, borrow/lend, and staking, which are already available on testnet.
"And then after that, we have a number of apps that are in test net. So we have a DEEX, we have a borrow lend staking. So kind of the main DeFi apps are going to be the first ones and you can kind of go on on test net already and play around with them. And then the ambient per se as well"
Correct
Fogo Chain is engaging with institutional players, including prime brokers and HFT firms, and expects easier conversations once the platform is launched and demonstrable.
"those are all our friends and there those conversations are much easier when we're launched and there's like something for them to look at. So we'll probably be having those conversations shortly. But there are like you had mentioned prime brokers and there's some interesting thing things going on now where some prime brokers are basically bridging between the trady HFTs and onchain liquidity and so we are talking to some of the big crypto prime brokers and kind of setting that up so that we have day one liquidity"
Pending
Fogo Chain envisions true adoption through seamless integration into existing Web2 platforms, providing users access to blockchain advantages without explicit brand recognition.
"And that's how I see it playing out. Maybe it's not super exciting because that does that means that you know the Fogo brand isn't plastered all over every stadium in the world and it's just being used in the background. But that is kind of how I see real adoption occurring is captive users like just kind of getting access to all the advantages that come with blockchains and tokenizations via these channels that they're already onboarded to."
Pending
Effective leadership is crucial for decentralized teams and communities, contrary to the belief that decentralization negates the need for leaders.
"You need to be very grounded as a leader because you're ultimately going to have this very decentralized team and community. It would make it seem like leadership is not important because it's decentralized, but it's quite the opposite."
Pending
Maintaining a unified direction within a decentralized, remote team is challenging and requires strong leadership to prevent infighting and ensure everyone is working towards the same goals.
"And it's the opposite. And that's so true because with this decentralized team, especially like everybody's remote, everybody needs to be beating the same drum. And that's very hard to do. And it's very easy for people to go in different directions. It's very, very easy for infighting to happen."
Pending
Fogo Chain will introduce a 'fogy' NFT and an upcoming event in the next few months, aligning with its 'fire' theme.
"Yeah, we have a little fogy NFT coming and um there's a like a flame guy and also we're going to have a you'll see there'll be an interesting event coming up in the next couple months."
Incorrect
There is a growing acceptance of purpose-built L1s, with Fogo Chain being designed specifically for trading.
"And so I think people are starting to come around to these kind of purpose-built L1s. That's what we are. And probably the irony, you know, we we're purpose-building this L1 like for trading. We're all traders."
Pending
Fogo Chain is working towards achieving 10-millisecond block times, currently at 40 milliseconds.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Pending
Fogo Chain aims to reach 10,000 TPS in the near future, currently achieving over 2,000 TPS with 40ms block times.
"We're at 40 millisecond block time, over 2k TPS. Maybe by the time this gets out, we'll be at 10K hopefully, which will be significant."
Incorrect
Key metrics for Fogo Chain's success in two years will include TPS, real AI adoption, and block times.
"TPS. I would have said real user adoption, but why don't I say real AI adoption. And block times."
Pending
Fogo Chain plans to be more friendly to high-frequency trading liquidity providers.
"And so I think we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Pending
Fogo Chain will adopt scalable marketing programs inspired by the FX industry, avoiding direct targeting of end clients.
"where we're going to be different is we're going to take some cues from our FX days where the exchanges don't really target uh end clients directly and have programs that are a lot more scalable."
Pending
Fogo Chain will launch with a low-stakes game to address initial technological and UX growing pains before introducing high-stakes applications.
"The first thing you're going to see is a game. Yeah, you'll see a game. I mean I can I can say that now. And so people uh might already have kind of been playing around with that. And you know the the thinking there is the um we didn't want to launch with like this high stake leveraged purpose decks when we're working through growing pains both on the technology and just the UX."
Correct
Fogo Chain's testnet currently features core DeFi applications including a DEX, borrow/lend, and staking.
"And then after that, we have a number of apps that are in test net. So we have a DEEX, we have a borrow lend staking. So kind of the main DeFi apps are going to be the first ones and you can kind of go on on test net already and play around with them."
Correct
Fogo Chain is in communication with crypto prime brokers to establish day-one liquidity by bridging traditional HFTs with on-chain liquidity.
"So we'll probably be having those conversations shortly. But there are like you had mentioned prime brokers and there's some interesting thing things going on now where some prime brokers are basically bridging between the trady HFTs and onchain liquidity and so we are talking to some of the big crypto prime brokers and kind of setting that up so that we have day one liquidity"
Pending
Fogo Chain's adoption strategy focuses on seamless integration into existing Web2 platforms, providing users access to blockchain advantages without explicit brand recognition.
"And that's how I see it playing out. Maybe it's not super exciting because that does that means that you know the Fogo brand isn't plastered all over every stadium in the world and it's just being used in the background. But that is kind of how I see real adoption occurring is captive users like just kind of getting access to all the advantages that come with blockchains and tokenizations via these channels that they're already onboarded to."
Pending
Strong leadership is essential for decentralized teams and communities, contrary to the notion that decentralization eliminates the need for leaders.
"You need to be very grounded as a leader because you're ultimately going to have this very decentralized team and community. It would make it seem like leadership is not important because it's decentralized, but it's quite the opposite."
Correct
Maintaining team cohesion in a decentralized, remote environment is challenging and requires concerted effort to prevent individuals from diverging or engaging in internal conflict.
"And it's the opposite. And that's so true because with this decentralized team, especially like everybody's remote, everybody needs to be beating the same drum. And that's very hard to do. And it's very easy for people to go in different directions. It's very, very easy for infighting to happen."
Pending
Fogo Chain will introduce a 'fogy' NFT and an event in the coming months, reflecting its 'fire' theme.
"Yeah, we have a little fogy NFT coming and um there's a like a flame guy and also we're going to have a you'll see there'll be an interesting event coming up in the next couple months."
Correct
The market is increasingly receptive to purpose-built Layer 1 blockchains, with Fogo Chain being specifically designed for trading.
"And so I think people are starting to come around to these kind of purpose-built L1s. That's what we are. And probably the irony, you know, we we're purpose-building this L1 like for trading. We're all traders."
Pending
Fogo Chain aims to achieve 10-millisecond block times, currently operating at 40 milliseconds with a plan for further optimization.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Pending
Fogo Chain is targeting a future throughput of 10,000 TPS, with current performance exceeding 2,000 TPS and 40ms block times.
"We're at 40 millisecond block time, over 2k TPS. Maybe by the time this gets out, we'll be at 10K hopefully, which will be significant."
Incorrect
In two years, Fogo Chain's success will be measured by its TPS, real AI adoption, and block times.
"TPS. I would have said real user adoption, but why don't I say real AI adoption. And block times."
Pending
Fogo Chain is being designed to be more favorable to high-frequency trading liquidity providers.
"I think we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Pending
Fogo Chain will implement scalable marketing strategies inspired by the FX industry, avoiding direct end-client targeting.
"where we're going to be different is we're going to take some cues from our FX days where the exchanges don't really target uh end clients directly and have programs that are a lot more scalable."
Pending
Fogo Chain will initially launch a low-stakes game to address technological and UX challenges before introducing high-stakes trading platforms.
"The first thing you're going to see is a game. Yeah, you'll see a game. I mean I can I can say that now. And so people uh might already have kind of been playing around with that. And you know the the thinking there is the um we didn't want to launch with like this high stake leveraged purpose decks when we're working through growing pains both on the technology and just the UX."
Correct
Fogo Chain's testnet includes core DeFi applications such as DEX, borrow/lend, and staking, with plans for their mainnet launch.
"And then after that, we have a number of apps that are in test net. So we have a DEEX, we have a borrow lend staking. So kind of the main DeFi apps are going to be the first ones and you can kind of go on on test net already and play around with them."
Correct
Fogo Chain is actively engaging with crypto prime brokers to establish day-one liquidity by connecting traditional HFT firms with on-chain liquidity.
"So we'll probably be having those conversations shortly. But there are like you had mentioned prime brokers and there's some interesting thing things going on now where some prime brokers are basically bridging between the trady HFTs and onchain liquidity and so we are talking to some of the big crypto prime brokers and kind of setting that up so that we have day one liquidity"
Pending
Fogo Chain anticipates achieving widespread adoption by integrating seamlessly into existing Web2 platforms, offering users blockchain benefits without explicit brand visibility.
"And that's how I see it playing out. Maybe it's not super exciting because that does that means that you know the Fogo brand isn't plastered all over every stadium in the world and it's just being used in the background. But that is kind of how I see real adoption occurring is captive users like just kind of getting access to all the advantages that come with blockchains and tokenizations via these channels that they're already onboarded to."
Pending
Effective leadership is paramount in decentralized environments, as it is essential for guiding the team and community, contrary to the belief that decentralization negates leadership roles.
"You need to be very grounded as a leader because you're ultimately going to have this very decentralized team and community. It would make it seem like leadership is not important because it's decentralized, but it's quite the opposite."
Correct
Achieving unified direction within a decentralized, remote team is a significant challenge that requires proactive leadership to prevent misalignments and internal conflict.
"And it's the opposite. And that's so true because with this decentralized team, especially like everybody's remote, everybody needs to be beating the same drum. And that's very hard to do. And it's very easy for people to go in different directions. It's very, very easy for infighting to happen."
Pending
Fogo Chain plans to release a 'fogy' NFT and host an event within the next few months, incorporating its 'fire' theme.
"Yeah, we have a little fogy NFT coming and um there's a like a flame guy and also we're going to have a you'll see there'll be an interesting event coming up in the next couple months."
Correct
The market is increasingly recognizing the value of purpose-built Layer 1 blockchains, with Fogo Chain specifically designed for the trading sector.
"And so I think people are starting to come around to these kind of purpose-built L1s. That's what we are. And probably the irony, you know, we we're purpose-building this L1 like for trading. We're all traders."
Pending
Fogo Chain aims to be evaluated in two years based on its Transactions Per Second (TPS), real AI adoption, and block times.
"If I interview again in two years, what three numbers should I bring up to judge whether Fogo delivered on what you're promising today? TPS, real AI adoption, and block times."
Pending
Fogo Chain's initial goal was to achieve 10 millisecond block times while maintaining its Layer 1 (L1) structure with validators.
"We're going to have 10 millisecond block times, but was still an L1 with validators."
Pending
Currently, Fogo Chain has 40 millisecond block times and processes over 2,000 Transactions Per Second (TPS).
"We're at 40 millisecond block times, over 2k TPS."
Pending
Fogo Chain anticipates reaching 10,000 TPS in the near future, which is considered a significant milestone.
"Maybe by the time this gets out, we'll be at 10K hopefully, which will be significant."
Pending
A Layer 1 (L1) architecture with independent validators and consensus mechanisms is a non-negotiable requirement for Fogo Chain.
"Having an L1 with independent validators and consensus is kind of my non-negotiable."
Pending
Fogo Chain plans to launch with a low-stakes, potentially free-to-play game to stress-test the system before introducing high-stakes decentralized exchanges (DEXs).
"We wanted to launch with a kind of a more st low stakes game that is even like free to play."
Correct
A game will be among the first applications to launch on the Fogo Chain, serving as an initial stress test for the platform.
"The first thing you're going to see is a game. Yeah, you'll see a game."
Correct
There is a sense of urgency to launch Fogo Chain and gain market traction before traditional financial institutions enter the space, which is perceived as an inevitable but slower process.
"And that window that we have is our time to get traction before they step in. And that's why I have such urgency with launching FOGO: Like I didn't want to wait 3 years cuz like they're coming at some point."
Pending
Ambient, a decentralized exchange (DEX) on Fogo Chain, is implementing a dual flow batch auction mechanism to ensure fair order execution.
"Doug is building ambient with dual flow batch auction, which is a really fair way to fill orders."
Correct
Fogo Chain currently has seven validators, with their stake distribution visible on FogoScan.
"Currently you can go on Fogo scan and see this there's currently seven validators and so you can see this you know the stake distribution etc."
Incorrect
Fogo Chain is undergoing a phased mainnet launch, with its initial phase, called Genesis, already completed.
"We're going to have kind of this phased mainet launch. What just occurred is what we're calling Genesis."
Correct
Fogo Chain intends to conduct all its major initial events on-chain, avoiding centralized exchanges to leverage the blockchain's capabilities.
"we're going to try to do everything onchain, if I can give one thing up. So we don't want like the main events, the main initial events to be done on a centralized exchange: like we built this blockchain to do everything we can onchain"
Correct
Fogo Chain's success is envisioned through integration into Web 2.0 and mainstream applications, mirroring how perpetual trading capabilities appeared in existing wallets like Phantom, enabling seamless adoption without explicit user awareness of Fogo.
"the way I see things playing out is kind of the way it played out with Hyperl and Phantom. So, Phantom had tons of mobile users and all of a sudden one day this ability to take per position popped up in their existing wallet and so I see if we're successful the that like happening with web two and the mainstream."
Pending
Effective leadership is crucial for a decentralized team and community, contrary to the assumption that decentralization negates the need for leaders.
"You need to be very grounded as a leader because you're ultimately going to have this very decentralized team and community. It would make it seem like leadership is not important because it's decentralized, but it's quite the opposite."
Unrated
Fogo Chain will introduce a 'fogy' NFT and a flame-themed mascot, with 'Fogo' meaning 'fire' in Portuguese, as a tribute to Fire Dancer, and an upcoming event is planned.
"Yeah, we have a little fogy NFT coming and um there's a like a flame guy and also we're going to have a you'll see there'll be an interesting event coming up in the next couple months. So, it's Pogo means fire in Portuguese. It's a hat tip to fire dancer"
Pending
Widespread adoption of blockchain and crypto will be achieved when nearly every individual encountered during a trip has used these technologies.
"when I can take a trip and every single person I encounter has used a blockchain or a token and that trip like from the check-in person to the flight attendant to the pilot to the immigration person if they've all used a blockchain and crypto or a stablecoin then I think like we're there"
Pending
The development of new decentralized solutions is driven by identifying and rectifying existing shortcomings in current technologies.
"this is innovation. These new solutions are all the the premise of all these new solutions is the current solutions are missing something. There's gaps. Something's broken and we're fixing it."
Correct
Institutions entering the crypto space will analyze past events like the October 10th liquidation to inform their risk management strategies.
"and they're also like this is going to be the first time for them for a lot of them and you know they will be looking at 1010 and studying it and saying like, 'Hey, you know, how do we risk manage another 1010?' So, like they're not stupid."
Correct
The expansion of Real World Asset (RWA) perpetual futures is seen as a positive development and a native crypto product attracting significant demand.
"the move to RWA per this is like a native kind of crypto product that I just love seeing proliferating and I love seeing the demand."
Correct
The ability to leverage trade tokens that have not yet launched, as seen on platforms like Phantom, demonstrates a superior user experience for retail speculation that traditional finance may overlook.
"If they're smart. If if you ever go on Phantom and put a leverage position on a token that has not yet launched, I think it just clicks for you that like, wow, this is so cool. This I want to get exposure to this token. It hasn't launched. I can just from my cell phone while I'm waiting for this appointment. I can go on and like put a 3x leverage short on this."
Correct
Fogo aims for high TPS, real AI adoption, and fast block times as key success metrics within two years.
"TPS, real AI adoption, and block times."
Pending
Fogo currently achieves 40ms block times and over 2000 TPS.
"We're at 40 millisecond block time, over 2k TPS."
Correct
Fogo's ultimate goal is to reach 10 millisecond block times, with a current performance of 40 milliseconds.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Pending
Fogo will offer a guestless experience through 'Fogo sessions,' enabling seamless interaction with repetitive in-game actions that are difficult on other chains.
"Fogo with integrated with what we call Fogo sessions is a guestless experience. So these games that have the all these repetitive kind of motions that don't work on other chains because you would have to sign the transaction and pay yes, they work on FOGO."
Pending
Independent validators and consensus on an L1 are Fogo's non-negotiable aspects of decentralization.
"Having an L1 with independent validators and consensus is kind of my non-negotiable."
Pending
Fogo is adopting a phased mainnet launch starting with Genesis, prioritizing transparency and real-time ecosystem development over waiting for all apps to be ready.
"We're going to have kind of this phased mainet launch. What just occurred is what we're calling Genesis. ... instead of like making people wait, you know, why don't we just launch the thing and show people that it's real and have kind of the ecosystem build out transparently in real time in front of people's faces."
Correct
Fogo's initial mainnet launch will focus on low-stakes applications to manage growing pains and test the system.
"And so that's what we're doing. So, but we're also going to kind of keep it low stakes, light apps, like as I said, work through the growing pains."
Correct
Fogo plans to be more friendly to high-frequency trading liquidity providers by addressing issues like 'speed bumps' and 'last look' with its dual flow batch auction.
"The biggest thing usually for them that's an issue is um like a speed bump where you know there's some kind of last look. their orders are kind of last looked and even if it's not really toxic like it's getting rejected let's say and so that's like one thing and I think the dual flow batch auction is going to address that you know it's not going to we don't want to talk to toxic flow but not all of this flow is is sharp and toxic and so I think we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Pending
Fogo's marketing strategy will differ from typical crypto exchanges by targeting scalability through indirect client acquisition, similar to strategies used in FX markets.
"The second thing is the go to market and marketing. And without disclosing too much on that, where we're going to be different is we're going to take some cues from our FX days where the exchanges don't really target uh end clients directly and have programs that are a lot more scalable."
Pending
Fogo chose to build an L1 over an L2 for its advantages in decentralization, composability, and fast finality, offering a more trustworthy alternative to centralized exchanges.
"And so if I can say, you know, this is a client that's run by a number of independent validators, not under common control, you know, that's a better story for somebody who doesn't want to trust one person or one exchange monopoly. Cuz, you know, we could have built an L2 and it would have been easier to optimize it. Like we truly believe in the decentralization and the advantages of composability and fast finality that come with an L1. That's why we made that decision."
Pending
Fogo aims to be more accommodating to high-frequency trading liquidity providers compared to existing solutions.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
Fogo is being built in a decentralized manner, with the belief that a decentralized, tokenized world offers superior solutions.
"This is why we're building Fogo in a decentralized way, which isn't easy. I think everything is better in a decentralized tokenized world."
Pending
In two years, Fogo's success will be measured by its TPS, real AI adoption, and block times.
"If I interview again in two years, what three numbers should I bring up to judge whether Fogo delivered on what you're promising today?"
Pending
A Layer 1 blockchain with independent validators and consensus is a fundamental requirement for Fogo.
"having an L1 with independent validators and consensus is kind of my non-negotiable."
Pending
Fogo acknowledges it may not be suitable for everyone and advises those with different priorities to seek alternative chains.
"this isn't going to work for everybody so for those people I'd say like don't use Fogo if that's not acceptable to you"
Correct
Fogo was developed to address frustrations with slow block times and lack of familiar, supportive platforms for liquidity providers and traders.
"we started out as us being frustrated by the slow block times and not knowing where we can collo to, you know, be able to make good markets and not get run over as a liquidity provider and all those things that go into being like a platform that protects LPS or just even an experience that looks that's familiar to us. That didn't exist and that's why we started building Fogo. Like we wanted to be able to sit in front of traders and be able to explain how they can connect and have it be familiar to them."
Pending
Fogo aims to provide a familiar experience for traders and protect liquidity providers by addressing slow block times and lack of suitable platforms.
"We started out as us being frustrated by the slow block times and not knowing where we can collo to, you know, be able to make good markets and not get run over as a liquidity provider and all those things that go into being like a platform that protects LPS or just even an experience that looks that's familiar to us. That didn't exist and that's why we started building Fogo. Like we wanted to be able to sit in front of traders and be able to explain how they can connect and have it be familiar to them."
Pending
Fogo's objective is to achieve 10 millisecond block times, currently standing at 40 milliseconds, with plans for further optimization.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Incorrect
Fogo's initial focus post-mainnet launch will be on generating activity and stress-testing the network.
"we're going to focus on building up some activity first and kind of stress testing it."
Correct
Perpetuals on Fogo are planned for Phase 2 launch, following lower-stake applications. Attractive programs for traders are also expected.
"And I'll mention the perpex is probably going to be kind of in the phase two of launch. You're going to see other lower stake apps launch before the perplex. But when we launch the per stacks, we're going to also announce some pretty cool programs in terms of attract traders and keep them."
Pending
Fogo aims for mainstream adoption by integrating seamlessly into existing Web2 applications, allowing users to access trading and prediction markets without explicitly interacting with Fogo.
"The way I see things playing out is kind of the way it played out with Hyperl and Phantom. So, Phantom had tons of mobile users and all of a sudden one day this ability to take per position popped up in their existing wallet and so I see if we're successful the that like happening with web two and the mainstream. So people that are on just everyday apps all of a sudden have the ability to, you know, interact with trading, interact with prediction markets. And so they don't even really know that they're interacting with Fogo. They just know it's like a a super frictionless experience through some place they're already kind of onboarded to. And that's how I see it playing out."
Pending
The speaker believes that a decentralized and tokenized world offers superior solutions.
"I think everything is better in a decentralized tokenized world."
Unrated
Fogo has initiated a phased mainnet launch, beginning with a phase called 'Genesis'.
"We're going to have kind of this phased mainet launch. What just occurred is what we're calling Genesis."
Correct
Fogo's team, including Mike Cahill, Doug Kolkit, and experienced crypto professionals, brings an unprecedented level of combined experience, which is expected to be a significant differentiator.
"I have Mike Cahill who also has that experience. I have Doug Kolkit from Citadel and then a great team that also is from crypto and yeah, the amount of decisions we're making given that experience I think is kind of unprecedented. I don't think like there's another team with that experience to lean on. And I think it's going to make a difference."
Pending
Fogo differentiates itself by not following existing playbooks, focusing on a holistic approach that includes technology, business strategy, partnerships, and experience to drive significant impact.
"we're not following the playbook of others cuz we're thinking really big and we're leaning on that experience and and we think we're making more than we're looking at this as way more than the technology and the solution and the business around it and the strategy and the partnerships we do and the BD deals we do. We think that's going to make a huge difference."
Pending
Fogo's initial launch will feature a low-stakes, potentially free-to-play game to test the system and user experience before launching high-stakes applications like perpetual DEXs.
"So the first thing you're going to see is a game. Yeah, you'll see a game. I mean I can I can say that now. And so people uh might already have kind of been playing around with that. And you know the the thinking there is the um we didn't want to launch with like this high stake leveraged purpose decks when we're working through growing pains both on the technology and just the UX. So we wanted to launch with a kind of a more st low stakes game that is even like free to play."
Correct
Fogo currently achieves 2100 transactions per second (TPS) with 40-millisecond block times, attributed to the engineering strength of Doro Labs.
"we're at 2100 DPS today 40 millisecond block times we have one app so and that's credit to Doro they're just strong in a lot of different areas and they've got a great team"
Pending
Fogo targets the billions of potential users who currently don't use blockchains due to issues like poor UX and scalability.
"The addressable market is way is the billions of people who don't you actually use blockchains right now and they don't use it for reasons that you elucidate in terms of UX and and other factors scalability"
Pending
Fogo aims to achieve mainstream adoption by integrating invisibly into everyday Web2 applications, offering users frictionless access to trading and prediction markets.
"So, I see if we're successful the that like happening with web two and the mainstream. So people that are on just everyday apps all of a sudden have the ability to, you know, interact with trading, interact with prediction markets. And so they don't even really know that they're interacting with Fogo. They just know it's like a a super frictionless experience through some place they're already kind of onboarded to."
Pending
The initial game on Fogo will generate significant TPS with complex, real-money transactions, showcasing the platform's performance.
"The advantage of this game as well is it puts out a lot of TPS and these are real transactions. They're actually like 30 times more complex than like what people use to test TPS. And so the real transaction there is real money if you want to upgrade to certain things in the game. And I think it's going to show off the performance of Fogo."
Pending
The speaker envisions a future with multiple specialized L1s for different functions like trading and privacy, rather than consolidation.
"I envision multiple specialized L1s for trading privacy general purpose etc or consolidation?"
Pending
True adoption of Fogo will occur discreetly, with users benefiting from blockchain advantages through existing channels without direct brand recognition, contrasting with aggressive marketing.
"And that's how I see it playing out. Maybe it's not super exciting because that does that means that you know the Fogo brand isn't plastered all over every stadium in the world and it's just being used in the background. But that is kind of how I see real adoption occurring is captive users like just kind of getting access to all the advantages that come with blockchains and tokenizations via these channels that they're already onboarded to."
Pending
Fogo began development approximately 1.5 years prior to the interview.
"I think it's about a year and a half ago."
Correct
Fogo's initial target for block times was 10 milliseconds.
"Our goal was 10 millisecond block times."
Pending
The speaker views Bitcoin and Ethereum as having solved the core decentralization problem for wealth storage, suggesting traders with leverage positions might accept higher decentralization risk.
"I think the way I think about this is Bitcoin and maybe Ethereum kind of solved the decentralization problem such that if you want to store the majority of your wealth in a safe place, it should be there. And I envision traders that want that have a risk profile to put on leverage positions willing to accept a little more risk when it comes to decentralization."
Pending
Fogo's inception involved collaborating with Mike Cahill of Doro Labs to explore making Pithnet an independent L1, leveraging Pith's prior experience with a fork of Solana.
"I was lucky because Pith had already forked Salana and they were running Pithnet. They tried to run the Oracle on Salana, but it just was like too spammy and too expensive. So they created this separate environment, Pithnet. So they're already kind of running like an L1. It was an app chain. And so when I reached out to Mike Cahill who was running Doro Labs and worked with way back at Morgan Stanley and said like hey could you think about if Pipnet was its own L1 and like it worked for Pith and that would probably be attractive to other people who want that same scale and that was the start of it."
Pending
Fogo's development was significantly influenced by Doug Kolkit, who joined the team after a brief Twitter interaction, contributing to the vision of creating a highly optimized blockchain for traders.
"And then we were lucky to come across Doug Kolkit who had tweeted about somebody taking fired dancer running it in kind of a more optimized way and so I just DM'd him on on Twitter at the time and was like hey we're actually thinking about doing that you want to talk and after 20 minutes he was in so we had Doro Labs guys and we had Doug and we just started putting our heads together and said like what's the coolest most optimized blockchain we can create for traders"
Correct
Fogo incorporated insights from Hyperliquid's launch, analyzing its strengths and weaknesses to refine Fogo's own design decisions during development.
"And then in the meantime Hyperlid came out so they beat us do it like hat tip to them. And we looked at what they did and some things we liked and some things we didn't. And that was, you know, that informed a lot of kind of we had already started building Fogo, but I would say it informed a lot of our design design decisions like halfway through it."
Correct
Fogo will launch with a low-stakes, free-to-play game to mitigate risks associated with new technology and UX, providing a stable environment for testing and initial user engagement.
"So the first thing you're going to see is a game. Yeah, you'll see a game. I mean I can I can say that now. And so people uh might already have kind of been playing around with that. And you know the the thinking there is the um we didn't want to launch with like this high stake leveraged purpose decks when we're working through growing pains both on the technology and just the UX. So we wanted to launch with a kind of a more st low stakes game that is even like free to play."
Correct
The initial game on Fogo will generate a high volume of complex, real-money transactions, serving as a robust test of the platform's TPS capabilities.
"The advantage of this game as well is it puts out a lot of TPS and these are real transactions. They're actually like 30 times more complex than like what people use to test TPS. And so the real transaction there is real money if you want to upgrade to certain things in the game."
Pending
Following the initial game, Fogo plans to launch core DeFi applications including a DEX, lending, and staking services, which are already available on testnet.
"And then after that, we have a number of apps that are in test net. So we have a DEEX, we have a borrow lend staking. So kind of the main DeFi apps are going to be the first ones and you can kind of go on on test net already and play around with them. And then the ambient per se as well"
Pending
Fogo is engaging with institutional prime brokers and crypto HFT firms to establish day-one liquidity, anticipating smoother conversations post-launch when the platform is demonstrably live.
"those conversations are much easier when we're launched and there's like something for them to look at. So we'll probably be having those conversations shortly. But there are like you had mentioned prime brokers and there's some interesting thing things going on now where some prime brokers are basically bridging between the trady HFTs and onchain liquidity and so we are talking to some of the big crypto prime brokers and kind of setting that up so that we have day one liquidity"
Pending
Fogo aims to scale its performance to over 10,000 TPS, building on its current metrics of 40ms block time and over 2,000 TPS.
"So we're at 40 millisecond block time, over 2k TPS. Maybe by the time this gets out, we'll be at 10K hopefully, which will be significant."
Pending
Fogo has secured its brand identity online, with the primary X handle being '@Fogo' and the official website being fogo.io.
"So, we went and bought the ad Fogo. I guess we bought it from the Fogo steakhouse. So, it's at Fogo on X and fogo.io is the website."
Correct
Fogo plans to follow Solana's model by starting with a limited validator set and gradually transitioning to a permissionless system where any validator meeting criteria can participate, supported by a foundation staking program.
"We're going to take a similar route that Salana did where we start out with just a a limited number of validators, but Chyros put out a research report on the Fogo validator kind of environment and the idea is any validator that meets that criteria can be a validator on Fogo and then you know the foundation will have a staking program."
Pending
The success of early, less decentralized platforms like Hyperliquid with a small validator set suggests users are willing to accept some level of risk for superior UX, liquidity, and trading experience.
"We started out with four validators in one data center and people couldn't get enough of the UX and the liquidity and the trading, right? There's a lesson there that you're willing to accept more risk."
Correct
Fogo aims to be more accommodating to high-frequency trading liquidity providers by implementing features that are more favorable to their operations.
"So, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
Fogo is designed to be more favorable to high-frequency trading liquidity providers.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
A critical lesson learned in building Fogo is the importance of strong, grounded leadership to maintain team and community alignment in a decentralized environment, preventing infighting and divergent directions.
"And I think that's, you know, we've seen this happen often in in kind of mature ecosystems. And yeah, that that's the one thing I wish somebody told maybe I'll give Lily credit for telling me that and and being aware of it. Um, so thanks Lily. But yeah, that's probably the biggest thing that I'd give somebody that same advice."
Unrated
Fogo's urgent launch is driven by the expectation that large, traditional financial institutions will eventually enter the derivatives market, creating a limited window for Fogo to gain traction.
"And that's why I have such urgency with launching FOGO. Like I didn't want to wait 3 years cuz like they're coming at some point. And they're slow, but they're also not stupid and they see opportunities and they find ways if the opportunity is big enough to execute on that stuff."
Pending
Fogo will implement attractive programs designed to both draw in and retain traders.
"And then we're going to announce some pretty cool programs in terms of attract traders and keep them. That's really the name of the game."
Pending
Fogo's success will be evident when applications like games perform exceptionally well on the platform, attributed to their proactive problem-solving and focus on user experience rather than simply following existing models.
"And I think it's going to make a difference. Like we're gonna find out very quick and you won't know why. Like it'll be like hey like games really work on Fogo. Like why why did they not work elsewhere but they work on Fogo? Well like we think we like we really thought through why they didn't work elsewhere and we fixed it and we created a guest experience for them for example. And so in my mind that's why I think Fogo is going to be different. like we're not following the playbook of others cuz we're thinking really big and we're leaning on that experience"
Pending
Fogo is differentiating itself by adopting a big-picture approach that extends beyond just technology to encompass business strategy, partnerships, and deals, leveraging extensive experience.
"we're not following the playbook of others cuz we're thinking really big and we're leaning on that experience and and we think we're making more than we're looking at this as way more than the technology and the solution and the business around it and the strategy and the partnerships we do and the BD deals we do. We think that's going to make a huge difference."
Pending
Fogo is targeting both retail and institutional clients, including those in the regulatory-friendly environment who are now comfortable entering the crypto space after studying past events like 10/10 to manage risk.
"And it's not only the retail people it's the institutions I mean there's very few institutions like Jump that got in front of this and got involved early and now they're more regulatory friendly environment and they're also like this is going to be the first time for them for a lot of them and you know they will be looking at 1010 and studying it and saying like, "Hey, you know, how do we risk manage another 1010?" So, like they're not stupid. Like, they're going to be looking at the good and bad of the history of crypto and trying to manage the risk. But that's, you know, another addressable market that is now ripe to come in because they're feeling more comfortable with regs."
Pending
Fogo prioritizes attracting new users ('normies') to the blockchain ecosystem rather than focusing on the sentiment of the existing crypto community, drawing inspiration from projects like Worldcoin that simplify onboarding.
"I don't think too much about it because I want to think about the sentiment of the users that aren't currently here and think bigger than just all right we've got this cult community of crypto and they're like not feeling good how do we make them feel better I don't know all right like they can feel however they want if we really do this right and we create things that onboard normies and I I look at like worldscoin as one great example of that you know they were able to like onboard I don't I don't know what they're up to now, but they created this proof of personhood that anybody with eyeballs could onboard to and now all of a sudden they have a wallet and it's a really cool experience. You have like an ID and you have a wallet and you get these airdrops and that is kind of inspiring to me. So I think about like we're not stuck with just the current crypto community and their sentiment. Why don't we try to build stuff that attracts like a whole new fresh excited group of people and capital that you know this is the first time they're interacting with blockchains and tokens and if the current crypto community wants to still like talk about how bearish things are and how bad things are you know it's up to you but so I guess it's in short I'm saying like I'm thinking bigger than the current community."
Pending
Fogo aims to attract high-frequency trading liquidity providers by offering a more favorable environment.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Correct
Fogo is being designed to be more advantageous for high-frequency trading liquidity providers.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
Fogo aims to bridge the gap between traditional finance efficiency and the current state of decentralized trading.
"And so we're trying to close this gap as well."
Correct
Fogo is focused on addressing the right priorities to improve decentralized trading efficiency.
"And so I think we're finally getting there and we're finally focusing on the right things. And obviously, that's a big focus of Fogo."
Pending
Fogo was built to provide traders with a familiar and easily explainable connection experience.
"And that's why we started building Fogo. Like we wanted to be able to sit in front of traders and be able to explain how they can connect and have it be familiar to them."
Correct
Fogo draws inspiration from innovations like Hyperliquid, which optimized trading by co-locating validators near price discovery hubs like Binance for perpetuals, leading to more efficient PERP stacks.
"And so I credit Jeff from Hyperlquid for looking at global consensus and saying you know what these block times are too slow. there is advantages to colo and taking a limited set of validators and colloing them next to you know Binance where where the price discovery is for PERPS and that really changed the game all of a sudden there was this per stacks that was really optimized and I think like everybody is paying attention to that now"
Correct
The speaker believes that protecting the exchange may sometimes necessitate liquidating winners and questions the return of altcoin price discovery and overall industry sentiment recovery.
"And so if that means like taking out the winners and liquidating the winners, fine. Do you think that altcoin price discovery will return? And do you think that sentiment in crypto itself right now on the trader side, the holder side, just the general industry will be able to recover from this?"
Pending
Fogo is being developed as a decentralized solution to address the limitations of slow and expensive transactions, aiming for a superior decentralized and tokenized ecosystem.
"It's too slow and expensive. This is why we're building Fogo in a decentralized way, which isn't easy. I think everything is better in a decentralized tokenized world."
Pending
Fogo Chain is presented as a promising new Layer 1 blockchain.
"Fogo Chain, one of the most exciting up and cominging layer 1's."
Pending
Fogo will be evaluated in two years based on its TPS, real AI adoption, and block times.
"TPS, real AI adoption, and block times."
Pending
Fogo is being developed to be more accommodating to high-frequency trading liquidity providers.
"we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Pending
Fogo aims to be more supportive of high-frequency trading liquidity providers.
"And so I think we're going to be a little friendlier to the high frequency kind of trading liquidity providers"
Correct
The speaker believes that decentralized and tokenized systems offer superior outcomes.
"I think everything is better in a decentralized tokenized world."
Pending
Fogo is being developed as a decentralized solution, acknowledging the complexity involved.
"This is why we're building Fogo in a decentralized way, which isn't easy."
Pending
Fogo is designed to be more favorable towards high-frequency trading liquidity providers.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
Fogo is actively working to reduce the performance gap between traditional finance and decentralized trading.
"And so we're trying to close this gap as well."
Correct
Fogo is concentrating on the critical elements needed to advance decentralized trading.
"And so I think we're finally getting there and we're finally focusing on the right things. And obviously, that's a big focus of Fogo."
Correct
Fogo aims to provide traders with an intuitive and familiar experience for connecting to the platform.
"Like we wanted to be able to sit in front of traders and be able to explain how they can connect and have it be familiar to them."
Pending
Fogo draws inspiration from Hyperliquid's approach of optimizing PERP stacks through co-location of validators near price discovery hubs, addressing slow block times.
"And so I credit Jeff from Hyperlquid for looking at global consensus and saying you know what these block times are too slow. there is advantages to colo and taking a limited set of validators and colloing them next to you know Binance where where the price discovery is for PERPS and that really changed the game all of a sudden there was this per stacks that was really optimized and I think like everybody is paying attention to that now"
Correct
The speaker believes that decentralized and tokenized systems offer superior advantages.
"I think everything is better in a decentralized tokenized world."
Correct
Fogo is being developed as a decentralized solution, acknowledging the inherent challenges of this approach.
"This is why we're building Fogo in a decentralized way, which isn't easy."
Pending
Fogo is being designed to be more accommodating towards high-frequency trading liquidity providers.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
Fogo is working to bridge the performance gap between traditional finance and decentralized trading.
"And so we're trying to close this gap as well."
Correct
Fogo is prioritizing the correct aspects to advance decentralized trading.
"And so I think we're finally getting there and we're finally focusing on the right things. And obviously, that's a big focus of Fogo."
Correct
Fogo aims to provide traders with an intuitive and easily explainable connection experience.
"Like we wanted to be able to sit in front of traders and be able to explain how they can connect and have it be familiar to them."
Pending
Fogo is inspired by Hyperliquid's successful optimization of PERP stacks through co-location of validators near price discovery hubs, addressing slow block times.
"And so I credit Jeff from Hyperlquid for looking at global consensus and saying you know what these block times are too slow. there is advantages to colo and taking a limited set of validators and colloing them next to you know Binance where where the price discovery is for PERPS and that really changed the game all of a sudden there was this per stacks that was really optimized and I think like everybody is paying attention to that now"
Correct
Fogo was created to solve issues like slow block times and lack of platforms that support liquidity providers and offer a familiar user experience.
"We started out as us being frustrated by the slow block times and not knowing where we can collo to, you know, be able to make good markets and not get run over as a liquidity provider and all those things that go into being like a platform that protects LPS or just even an experience that looks that's familiar to us. That didn't exist and that's why we started building Fogo."
Pending
Fogo's objective is to achieve 10-millisecond block times, with current performance at 40 milliseconds and plans for further optimization.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Pending
Fogo aims to be more supportive of high-frequency trading liquidity providers.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Pending
The speaker believes that a decentralized and tokenized world offers superior outcomes.
"I think everything is better in a decentralized tokenized world."
Unrated
Fogo is being developed as a decentralized solution, acknowledging the inherent challenges of this approach.
"This is why we're building Fogo in a decentralized way, which isn't easy."
Unrated
Fogo is being designed to be more accommodating towards high-frequency trading liquidity providers.
"And so, you know, we're going to be a little friendlier to the high frequency kind of trading liquidity providers."
Correct
Fogo is working to bridge the performance gap between traditional finance and decentralized trading.
"And so we're trying to close this gap as well."
Correct
Fogo is concentrating on the critical elements needed to advance decentralized trading.
"And so I think we're finally getting there and we're finally focusing on the right things. And obviously, that's a big focus of Fogo."
Pending
Fogo aims to provide traders with an intuitive and easily explainable connection experience.
"Like we wanted to be able to sit in front of traders and be able to explain how they can connect and have it be familiar to them."
Pending
Fogo is inspired by Hyperliquid's successful optimization of PERP stacks through co-location of validators near price discovery hubs, addressing slow block times.
"And so I credit Jeff from Hyperlquid for looking at global consensus and saying you know what these block times are too slow. there is advantages to colo and taking a limited set of validators and colloing them next to you know Binance where where the price discovery is for PERPS and that really changed the game all of a sudden there was this per stacks that was really optimized and I think like everybody is paying attention to that now"
Correct
Fogo was created to solve issues like slow block times and lack of platforms that support liquidity providers and offer a familiar user experience.
"We started out as us being frustrated by the slow block times and not knowing where we can collo to, you know, be able to make good markets and not get run over as a liquidity provider and all those things that go into being like a platform that protects LPS or just even an experience that looks that's familiar to us. That didn't exist and that's why we started building Fogo."
Pending
Fogo's objective is to achieve 10-millisecond block times, with current performance at 40 milliseconds and plans for further optimization.
"Our goal was 10 millisecond block times. We haven't gotten there yet. We're at 40 millisecond, but we're get we're going to get down there."
Pending