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Madhav Goyal

Madhav Goyal

Just a tinkerer in this wonderful world
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Musings on Price Discovery

Madhav Goyal
March 05
With a fading bull run comes the pressure to do a token generation event at high valuations because otherwise if you are a VC backed project with 8 figs in funding, you are cooked without a binance listing since you definitely know your tech is only valued at the number of CEX listings and shady market makers you can get for the launch. Jokes and criticism aside, I have been diving into the price discovery for a mix of work and my own interests in the past few months and have been observing trends and advising teams on what might be a better way to get your token into the world.

LRTs beyond Airdrop Meta

Madhav Goyal
August 07
LSTs are delegation vouchers that show your participation the consensus of the network which has and these fungible assets have emerged as the biggest defi protocol to exist on any single VM with more than 35 Billion locked on eth and nearly 70% of total solana in circulation staked with liquid delegation voucher protocols. Markets price LST based on

Tales of composability

Madhav Goyal
November 22
You can get away through any protocol conversation in crypto by saying "But its not composable bro" like you did when you just added zk to the bio or name of your project at the start of 2023 but like everything interesting but overhyped Composability is just known and there is a chasm of difference between knowing and understanding something.

How to get tf out(crypto bridge edition)

Madhav Goyal
October 17
This post is part #2 of my bridges journey where I take readers through asset security in a cross-chain world and how the tech behind these magical structures aka bridges work. Today we will go down the rabbit hole of

A Hitchhikers Guide to Bridge Security

Madhav Goyal
September 27
The primary objective of this post is to illustrate that tokens held on various blockchain networks through different bridges exhibit distinct security profiles and values, despite the fact that their purpose is to represent the same underlying assets.

Building on Openbook

Madhav Goyal
August 23
This post has nothing much concrete but works like a small raindrop from my time spent tinkering with Wormhole.  Contents →

🧊Solana::Leader schedule

I have been diving into Solana and its Validator code realizing the incredible design behind the selection of Validators and block producers, so here is a small rundown

L2s on solana?

There has been a lot of debate about whether Layer 2 or any scaling solutions on Solana won't be of much value. Let’s dive right in.more specifically after a tweet by Mert, It was Sunday midnight, and had nothing else to do so thought why not

🕰️Async program execution and SIMD-0045

The simplest way to process a transaction on a blockchain for the user is to just send it to the RPC client which routes it to the next selected block builder aka Leader. This seems easy at first but has a whole lot of drawbacks as the transactions go unencrypted through an RPC and Leader, if any of the agents find an opportunity to leverage their speed or resources to front run and make a profit out of your transactions this will lead to bad incentive alignment where block builders are hurting users for personal gain.