Welcome to EARLY, the podcast about web3 business from Bankless Consulting.
DSide's guests today are Eric and Ethan Parker, the founders of Giddy, a mobile crypto wallet that is designed to make self-custody easy and accessible for everyone. In this episode, they discuss this mission and how their focus on User Experience is crucial in achieving this goal.
The idea for Giddy started as an ad-hoc consulting business, where they showed clients how to onboard onto DeFi and manage their private keys. They discovered that private keys were a significant barrier to entry for many people because of their complexity. Giddy's breakthrough was finding a balance between security and ease-of-use and enabling average people to recover their private keys if mismanaged, reducing the risk of a single point of failure.
In terms of upcoming features for Giddy, they are focused on improving staking efficiency, increasing the number of staking pools provided by the app, and onboarding onto ETH Mainnet. The founders also discuss how they see DeFi continuing to disrupt the traditional finance industry. They believe that DeFi will eventually become mainstream, and traditional financial institutions will have to adapt or risk becoming irrelevant.
Overall, Eric and Ethan Parker's insights into the current and future state of DeFi wallet technology were fascinating, and their mission to make DeFi accessible to everyone is admirable. It will be exciting to see how Giddy continues to evolve and innovate in this space!
***Timestamps***
0:00 - Eric & Ethan Parker Background
4:30 - Pathway from intro into DeFi to the founding of Giddy
7:05 - The Mission of Giddy
10:41 - High-level background on Gas Fees on Giddy
13:25 - Why did you choose Polygon for your first blockchain?
15:20 - What are some key considerations in Private Key Technology?
30:11 - Thoughts on the current-state of the native mobile wallet sector?
24:21 - Giddy’s future blockchain targets
30:11 - Thoughts on the future-state of the native mobile wallet sector?
32:24 - New features upcoming for Giddy
34:20 - How do you see DeFi continue to disrupt the TradFi industry?
38:20 - What other industries are ripe for Web3 Tech?
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