Circles UBI is a blockchain-based Universal Basic Income created to promote local economy within communities. It was recently launched on Ethereum’s POA network. The idea is to create a parallel economy by forming trust lines within Circles. Anyone who joins Circles receives a basic income regularly, without conditions. And the more connected your community is, the more valuable your Circles become. Also it is fully decentralized. What makes Circles special is that it doesn't market itself to anyone specific in crypto. It positions itself as an ecosystem and protocol that can help anyone create and promote a local economy within their local community. In the current economic crisis, this is a hugely powerful tool for societies to utilise. Martin Köppelmann, CEO of Gnosis, joins us for his third appearance on the show. He is also the creator of Circles and chats to us about why he believes the world needs this, and how the project works. Topics covered in this episode: What Universal Basic Income (UBI) is and Martin’s interest and support of itPros and cons of funding UBI through taxationExplaining Circles’ decentralized UBIHow ‘personal tokens’ work in CirclesIssuance and trust connectionsDealing with sybil attacksOn throughput limitsConditions attached to your accountHow UBI keeps up with inflationGetting started with CirclesAttracting non crypto users and driving demandCan Circles move onto Layer-2 - UX Design choicesLearn more about Circles and get involvedEpisode links: Circles UBI websiteCircles WhitepaperMartin on Epicenter - Episode 271, How the dxDAO could become the world’s largest organizationMartin on Epicenter - Episode 139, Gnosis – The Ethereum Prediction MarketFind Circles on MeetupCircles TwitterMartin TwitterSponsors: Algorand: Learn how to start building on Algorand – Free webinar on November 17th - https://algorand.com/epicenterThis episode is hosted by Brian Fabian Crain & Sunny Aggarwal. Show notes and listening options: epicenter.tv/365

Alameda Research is a quant trading fund founded in 2017. Today it manages over $100 million in digital assets and trades $600 million to $1.5 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. Whilst running this fund, the team thought there was space for a robust crypto derivatives exchange build for traders which solves some of the issues they saw in derivatives trading. FTX is the crypto derivatives trading platform which came out of Alameda. In just under two years of existence, it has grown to become one of the top trading platforms for crypto, trading over $1B per day in derivatives. The FTX team are also working on Project Serum. It’s an ambitious project to create a fully decentralized and permissionless DEX and DeFi ecosystem with trustless cross-chain trading. Serum is being built on Solana to allow a centralized orderbook. This offers a much higher speed and throughput than Ethereum. The goal is to create a robust DEX ecosystem which can compete with centralized exchanges on speed, all while being fully interoperable with Ethereum. Today our guest is Sam Bankman-Fried, he is the CEO of FTX and Alameda Research, and co-founder of Project Serum. We hear all about his journey from Alameda, to FTX, and to his latest venture, Serum. Topics covered in this episode: Sam’s background and how he became involved in crypto tradingWhy and how FTX was createdHow FTX works and why the big focus on derivativesThe cross-over between FTX and AlamedaWhat Serum is and how it fits in the long term vision of FTXSam’s view on where products on DeFi are falling short and how it can be fixedWhat are the trade-offs on Serum?The off chain Serum order bookHow cross-chain swaps workThe boundaries of the Serum ecosystem in relation to SolanaWhat is the governance mechanism on SerumSam’s view on the AMM argumentWhere Sam thinks the DeFi ecosystem is heading and what is needed for it to gain legitimacy in the traditional finance worldEpisode links: FTXAlameda ResearchProject SerumEpicenter episode 312 with Anatoly Yakovenko, Co-founder and CEO of SolanaSushiSwap Twitter threadFTX on TwitterSam on TwitterSponsors: Algorand: Learn how to start building on Algorand – Free webinar on November 17th - https://algorand.com/epicenterThis episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/363