Uploaded December 2025 | Updated September 2026, 2 weeks ago
In this episode of The Defiant podcast, Camila Russo sits down in Buenos Aires (Devconnect) with Marissa Posner (Product, Ethereum Foundation) and Yoav Weiss (security researcher, Ethereum Foundation) to unpack The Trustless Manifesto and the Ethereum Interop Layer (EIL), why “trust assumptions” are quietly creeping into Ethereum’s stack, and what it will take to preserve Ethereum’s core values while making UX actually usable.
We dig into the hidden places users are forced to trust intermediaries, from cross-chain interoperability and solvers to something most people never question: RPCs. Then we get practical: the guests walk through the EIL, a new approach to cross-chain UX that aims to deliver one-signature interop without introducing new trust assumptions, plus why the wallet becomes the center of the user’s security model.
Finally, we zoom out: how should wallets warn users, what does “walkaway test” really mean, and why institutions may end up being one of the strongest forces pushing crypto toward less counterparty risk.
Topic list:
• Why Ethereum’s next phase is “mainstream adoption” — and why that raises the stakes
• The Trustless Manifesto: what it is, why it was written, and what it’s trying to prevent
• Where trust assumptions sneak in: bridges, interop protocols, sequencers, oracles
• RPCs as a giant blind spot: “we trust RPCs blindly” and why that can have real-world consequences
• Trustlessness vs UX: why “great values + bad UX” can still lose users
• “You can’t build something trustless on top of something that isn’t trustless”
• What users should demand — and why it can’t require everyone to be a security expert
• How “beat” frameworks help: L2BEAT, upcoming interop criteria, and Walletbeat
• The walkaway test: what happens if the team/server/intermediary disappears (or turns hostile)?
• L2 sequencers: permissioned vs permissionless, censorship risk, and practical exit paths
• Cloud dependencies (Cloudflare outage) and what it reveals about today’s “decentralized” apps
• Ethereum Interop Layer (EIL) explained: one-signature, wallet-centric, self-executing interop
• Why “solvers open the envelope” — and how EIL avoids that trust model
• Liquidity providers, vouchers, and how users pay gas cross-chain without the usual friction
• Standards and coordination: wallets, L2s, and dapps all need to meet in the middle
• The HTTP analogy: Ethereum today as the “pre-HTTP internet” and what seamless interop could unlock
• Institutions and counterparty risk: why big players may push hardest for trust-minimized infrastructure
• What’s next: testnet learnings, audits, standards, wallet integrations, and 2026 mainnet target
Explore The Defiant ✨
📰 Website
thedefiant.io
✉️ Free Daily Newsletter
https://thedefiant.io/newsletter/defi...
🤑 Weekly Premium Newsletter
https://thedefiant.io/newsletter/defi...
✊ Follow The Defiant
X/Twitter: https://x.com/DefiantNews
📬 Contact our Newsroom
editorial@thedefiant.io
🤝 Sponsorships & Partnerships
sponsors@thedefiant.io
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3
In this episode of The Defiant podcast, Camila Russo sits down in Buenos Aires (Devconnect) with Marissa Posner (Product, Ethereum Foundation) and Yoav Weiss (security researcher, Ethereum Foundation) to unpack The Trustless Manifesto and the Ethereum Interop Layer (EIL), why “trust assumptions” are quietly creeping into Ethereum’s stack, and what it will take to preserve Ethereum’s core values while making UX actually usable.
We dig into the hidden places users are forced to trust intermediaries, from cross-chain interoperability and solvers to something most people never question: RPCs. Then we get practical: the guests walk through the EIL, a new approach to cross-chain UX that aims to deliver one-signature interop without introducing new trust assumptions, plus why the wallet becomes the center of the user’s security model.
Finally, we zoom out: how should wallets warn users, what does “walkaway test” really mean, and why institutions may end up being one of the strongest forces pushing crypto toward less counterparty risk.
Topic list:
• Why Ethereum’s next phase is “mainstream adoption” — and why that raises the stakes
• The Trustless Manifesto: what it is, why it was written, and what it’s trying to prevent
• Where trust assumptions sneak in: bridges, interop protocols, sequencers, oracles
• RPCs as a giant blind spot: “we trust RPCs blindly” and why that can have real-world consequences
• Trustlessness vs UX: why “great values + bad UX” can still lose users
• “You can’t build something trustless on top of something that isn’t trustless”
• What users should demand — and why it can’t require everyone to be a security expert
• How “beat” frameworks help: L2BEAT, upcoming interop criteria, and Walletbeat
• The walkaway test: what happens if the team/server/intermediary disappears (or turns hostile)?
• L2 sequencers: permissioned vs permissionless, censorship risk, and practical exit paths
• Cloud dependencies (Cloudflare outage) and what it reveals about today’s “decentralized” apps
• Ethereum Interop Layer (EIL) explained: one-signature, wallet-centric, self-executing interop
• Why “solvers open the envelope” — and how EIL avoids that trust model
• Liquidity providers, vouchers, and how users pay gas cross-chain without the usual friction
• Standards and coordination: wallets, L2s, and dapps all need to meet in the middle
• The HTTP analogy: Ethereum today as the “pre-HTTP internet” and what seamless interop could unlock
• Institutions and counterparty risk: why big players may push hardest for trust-minimized infrastructure
• What’s next: testnet learnings, audits, standards, wallet integrations, and 2026 mainnet target
Explore The Defiant ✨
📰 Website
thedefiant.io
✉️ Free Daily Newsletter
https://thedefiant.io/newsletter/defi...
🤑 Weekly Premium Newsletter
https://thedefiant.io/newsletter/defi...
✊ Follow The Defiant
X/Twitter: https://x.com/DefiantNews
📬 Contact our Newsroom
editorial@thedefiant.io
🤝 Sponsorships & Partnerships
sponsors@thedefiant.io
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3









![🟢 LIVE: Building Paragon: Perps Market on Hyperliquid
Paragon wants to build a ticker factory on Hyperliquid: perpetual futures for anything that can be measured, launched as soon as the trade becomes relevant. Taha El-Magbri, founder of Paragon, joins The Defiant to explain how it works.
Paragon launched with three crypto-native indices — a Bitcoin index, a total market index, and an altcoin index — built to trade like SPY or QQQ options: a way to bet on, or hedge, crypto risk appetite as a whole. The project runs on HIP-3, Hyperliquids framework for permissionless futures listings, which requires deployers to stake 500,000 HYPE that can be slashed if they fail to deliver core exchange infrastructure.
We discuss:
Paragons index products and how traders use them
Why the team built on Hyperliquid and HIP-3 instead of bootstrapping its own exchange
Running in-house oracle infrastructure and onboarding a top market maker
Competition among HIP-3 deployers as open interest grows from $1B to ~$3B
Whether Hyperliquid killers like Aster and Lighter pose a real threat
The CFTCs posture on crypto perps and a possible US pathway for Hyperliquid
Why perps keep winning: removing friction from options and futures trading
Whats next — including whether compute can be perpified
No Paragon token yet: why the team is following the Hyperliquid buyback playbook
Follow [guest handle] and Paragon: [links]
📰 Subscribe to The Defiant newsletter: https://thedefiant.io/newsletter
🌐 Read more: https://thedefiant.io 🟢 LIVE: Building Paragon: Perps Market on Hyperliquid](https://i.ytimg.com/vi/f-aO3MJoRzU/mqdefault.jpg)
