The Big Brain Podcast
The Big Brain Podcast
Podcast Description
The Big Brain Podcast features conversations with crypto's most influential thinkers, builders, and traders.
Co-hosted by The Block CEO Larry Cermak and MegaETH CSO Namik Muduroglu, these interviews challenge ideas, dig into mental models, and push guests beyond the headlines.
This show isn't about predicting the future of crypto—it’s about spotlighting the big brains shaping it.
Podcast Insights
Content Themes
This podcast delves into various topics surrounding cryptocurrency, decentralized finance (DeFi), and the intersection of technology, economics, and culture. Notable episodes include discussions on the evolution of DeFi with Rune Christensen and Guy Young, focusing on its shift toward sustainable models and the economic implications of Bitcoin's future with Haseeb Qureshi and Jordi Alexander.

The Big Brain Podcast features conversations with crypto’s most influential thinkers, builders, and traders.
Co-hosted by The Block CEO Larry Cermak and MegaETH CSO Namik Muduroglu, these interviews challenge ideas, dig into mental models, and push guests beyond the headlines.
This show isn’t about predicting the future of crypto—it’s about spotlighting the big brains shaping it.
In episode 10 of The Big Brain Podcast, Larry and Namik are joined by Gauntlet founder and CEO Tarun Chitra. Tarun recounts how an unexpected ADL event on a tiny test position pushed him to research how exchanges handle insolvency when liquidations fail, especially after October 10th. He argues the common ranking approach concentrates losses unfairly and may overshoot during cascading events. The discussion also covers transparency, insurance funds, and why improving these systems matters if perp exchanges want to onboard new users.
OUTLINE
00:00:00 – Introduction
00:00:54 – Tarun’s background
00:10:50 – Tarun’s ADL paper
00:15:40 – ADL usage
00:26:25 – Transparency gap
00:31:44 – Critiques of Tarun’s paper
00:36:32 – Impact of Tarun’s paper
00:41:09 – Potential fixes
00:45:31 – Cult-like communities in crypto
00:52:42 – 10x verticals looking ahead
01:02:29 – Conclusion
Guest links:
Tarun Chitra – x.com/tarunchitra
Gauntlet – x.com/gauntlet_xyz
Show links:
– Apple: apple.co/43F3vmq
– Spotify: spoti.fi/44NT1lZ
– Larry: x.com/lawmaster
– Namik: x.com/NamikMuduroglu
– The Block Podcasts: x.com/TheBlockPods
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