Vladimir Novakovski of Lighter joins the Chopping Block crew to untangle one of crypto’s oldest debates: what happens when tokens and equity coexist. The gang digs into the Venice/VVV controversy, breaks down Lighter’s new Perps integration with Robinhood Chain and the fragmentation questions it raises, dissects the wild BonkDAO governance exploit, and reacts to the eye-popping $2.4 billion in crypto income disclosed in Trump’s financial filings.
Show highlights
🔹 Haseeb breaks down why Venice’s VVV token is not equity and not a Uniswap style governance token in disguise
🔹 Vlad explains how Lighter’s programmatic buybacks and single C corp structure align token holders and equity holders
🔹 The gang debates Delaware fiduciary law, shareholder primacy, and what happens when buyback capital runs dry
🔹 Vlad lays out the vision of tokenized equity merging with crypto tokens into a single on-chain asset
🔹 Lighter’s Robinhood Chain deal goes live with Lighter powering native Perps trading inside Robinhood Wallet
🔹 Vlad addresses concerns about liquidity fragmentation across separate Lighter instances
🔹 BonkDAO gets exploited as an attacker buys governance tokens and votes themselves $20 million
🔹 Robert compares the Bonk exploit to the infamous Beanstalk and Compound Humpty governance attacks
🔹 Trump’s financial disclosure reveals $2.4 billion in pre-tax crypto income, sparking a debate on crypto’s political future
⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, Founder & CEO of Superstate Guest ⭐️Vladimir Novakovski, Founder of Lighter