AviaChat with the co-founder of DYMENSION, Yishay

Hello and welcome. I’m really delighted to have you on the phone today. It’s truly an honor for us to have this interview with you.

  Sure, it’s my pleasure, of course.

So, we have the first question for you. Could you share, please, some insights about your background and in general what led you to the crypto space?

Yeah, sure, sure. So, my name is Yishay and my background is computer science. I studied computer science back at 2015 in the university. And that’s actually approximately the year that I found out about crypto as part of my studies. And the rabbit hole since then was very deep. You know, once you find out about crypto and you understand it… And as, I’d say, a person who’s researching his way in the computer science aspect of the world, I found it very interesting. Because it had a lot of both economic and game theory embedded into it alongside the technology. From that point on, I kind of became fanatic about crypto in 2016. So, I started to have communities, I started to really become much more involved in this space, also on the social level, too. So, explaining people, kind of being like a Bitcoin broker for all my friends at the university, getting them into it. And that’s the starting point of my career, too. Because after that, I worked with an Israeli business person who wanted to open an exchange in Gibraltar. So, that was my first project. We opened, we got all the licensing. And then the bear market came. That was 2018. Bear market came and we sold this company to another exchange with all the licensing. So, I got a lot of experience in the world of business development, legal compliance. After that, worked for Kraken for a few years. Also had a small startup in the payment areas of crypto with Visa. That was also sold to a small company. It’s a company that’s called Spendl. You can see it even today. There’s a virtual Bitcoin card that we did. It’s also operating today. And then I managed a hedge fund for a billionaire for quite some time. And I found my co-founder who was an engineer. And we started thinking about a lot of things in the crypto world, about the problem with the Ethereum scaling strategy. And that brought us to Dymension. That’s by the end of 2021 when we started thinking. In 2022 we founded the company.

Thank you. It’s a really fascinating point. So, in general, what excites you the most about working in the crypto space?

 I’ve been working in this industry for almost 8 years now. Yeah. So, I can’t imagine myself working in a different place. Because, first of all, professionally, I haven’t been doing so. And the fact that you have a passion for something, it makes work being non-work, right? I like what I’m doing. I like the crypto space, I like the research, I like the technicals, I like the community, I like the memes, I like the culture. So, for me, it’s just a passion. I don’t see it as any other way. And I can’t imagine myself working in a place where I come to work and I feel like I’m working. For me, I wake up in the morning and I’m like : “okay, we have to get this done. And we need to get this vision working”. So, that’s me. And I hope that more people that are in the space feel the same way.

So, yeah. I see exactly what you mean. Because you’re really enthusiastic about what you are doing. So, I understand your feeling. Very well. Can you tell us more about what inspired the founding of Dymension? Maybe some key problems you challenged to solve?

 One thing that is very important to understand about, there’s a lot of infrastructure talk on crypto. And it’s kind of the major talking subject. People like to talk about. Okay, there’s of course the price and there’s like scaling and all of that. So, I want to simplify things. What is a rollapp and how does blockchain get to a point where it scales to internet capacities? It’s basically opening a tab. When you go to a bar, you don’t order a beer and immediately pay after each beer, right? You have a bill. You order a few beers. You order food. The waiter then writes down the data and writes every time you order a new checksum. So, this is a rollapp. It’s the same thing. You put money into a safe deposit. You do whatever interactions you want to do. You settle it and then you withdraw. You get the check. You can think about this as a rollapp. This is Dymension. You have these rollapps. You put in money into them. You can drink as much beers as you want and then ask for the check. That’s how a rollapp works. Getting to the point of how this is operating today in a concept, it’s a very interesting and it is a good concept, but on Ethereum today, the way that rollapps are designed is that you deposit money into the hands of those who operate the rollapp. This is a very important fact. If I’m taking the bar metaphor: you don’t trust the bartender, right? You don’t trust the bartender ; you ask for the check. So, on Ethereum you actually give the bartender the money and you hope that the check is right because it validates it on the L1. So, Dymension, the whole point of it was why not to have Dymension hold the money in these rollapps or these L1 vaults that you can think of it like that and have a non-custodial rollapp. So you don’t deposit it into a smart contract and every aspect of the rollapp or the system of Dymension, the blockchain is built for that purpose. Ethereum wasn’t built for this. Ethereum was built as a smart contract platform. And by smart contract, they built a rollapp as a scaling solution. Dymension is built from the start with that mindset. So, it’s a totally different architecture.

Thank you a lot for the analogy you used about the bills in the bar. I think that many of our new users who might be unfamiliar with blockchain technology will appreciate how you explained this concept of the Rollapp in simple terms. Thank you a lot for it. Let’s continue. Can you please give us the current development roadmap for Dymension? Maybe you can highlight some milestones, major milestones, achieved or oncoming.

 Yeah, sure. The way that Dymension was built is Testnet, 35-C was the first Testnet, right? Then we did Froopyland, which was the first permissionless deployment. And then we did the same thing on Mainnet. The first phase of Dymension was the singularity point, which is the L1. First you need a stable L1. We ran that instance of Dymension for around five to six, to eight, to seven weeks. I can’t remember exactly. And then we upgraded into the 2D phase, which is basically okay, we stabilize the L1. It’s fine. It’s working fine. Now, we can deploy a few rollapps to make sure that it’s working properly in terms of production environment, testing those in production while keeping the development in course and then upgrading it to the 3D environment. 3D environment means production of rollapps permissionlessly, the internet of rollapps. And that’s the next phase. And that’s the phase that it actually, for me, bootstraps Dymension and kind of gradually releases. Because the first step, you want to have an L1 that’s stable, that’s running. Second, have an L2, a few L2s per mission where you can deploy them and work with the teams. After that is done, everybody could deploy. And the future phases of Dymension, there’s the 4D upgrade or we call it the internet of rollapps, which has a lot of cool surprises in it, but I don’t want to spoil it.

Ah, yes, I see. Right now more and more dApps are launching on Dymension. I suppose that the user engagement is really high about it. How do you feel about the development of the ecosystem and the user following so far?

 It’s a good question and I’ll tell you how I feel. I feel like there’s a lot of eagerness in the community to try out products. It’s not that easy to build, as for one aspect, Dymension is constantly under the scrutiny of stabilizing the system and we have to iterate through a lot of bugs and through a lot of changes to make sure that everything is stable and it’s not the easiest environment to develop on. It takes a little time and patience, but I think the enthusiasm of the community and the builders that we’re seeing is going to manifest a lot in the next few months. So, I’m very happy to see the involvement and the amount of users that Dymension has. So, I just want to notify or emphasize that Dymension has a lot of active users. This is something that a lot of chains want and on Dymension these are metrics that we know from the portal app, we know from wallets that share statistics with us and of course on-chain addresses. I’d say the amount of actual users on dimension is very big. It’s hundreds of thousands of people.

Yeah, we also see them in the general channel on Discord and I know that they are really active. So, one more question about RollApps. Is there a category RollApps are more suited to or do you feel it is a universal solution for various Dapps?

 I think it’s a universal standard. You can have flavors, right? Yeah. And you can also build your own flavor. This is how Dymension is built. You can choose a flavor. You can choose : I want EVM, I want Wasm. But these are all very technical, kind of tailor-made technical stuff that if you want to get some kind of performance boost or anything like that, you can either use the right flavor for you, you could create a custom instance as well, but for me, I feel like Rollapps are more like ERC20s. They’re like a chain template that you can use according to the flavor that you want and it abstracts all the infrastructure, because people talk about infrastructure all the time. It’s not interesting. What is interesting for users is to have these apps that are super scalable and you can deposit, play, withdraw. This is all that we need as users. We need to have a button that you can deposit money into it, play on the app, whether it’s poker, whether you want a loan, whether you want to trade. You use the app and you get a withdrawal. That’s it.

Yeah, that’s really insightful. Thank you for sharing that. The last question for today, what are the long-term development goals for Dymension, maybe for this year, maybe for this summer?

  Yeah. So, let’s say this. The code will be ready in August for the 3D.

That’s very, very exciting.

You know, I can’t 100% guarantee, because nobody knows, right? Sometimes you get stuck on things, but essentially, it will be ready in August, and then we will start working on the audit. So, the way that audit works is that an external team basically audits every single piece of the code. It’s a very costly and exhausting process to go through. So, that could take a little bit more time, depending on what they find or not find. And then we release the 3D upgrade on chain, governance etc.

Thank you so much for taking the time to speak with me today. It has been a true pleasure to have this conversation with you. Your insights are really valuable for the community. We all feel very excited about the development of Dymension. And just my personal question : I saw that you were in Paris last year, last summer ?

Yeah, that’s true. I was in Paris.

Maybe this year, will there be something like this organized in Paris?

There’s in Brussels, in Belgium. There’s the EthCC, but we’re not attending. And I’ll tell you why. Because we can’t afford to have any distractions. We want to ship for the community. We want to build. We want to be focused. Sometimes, you know, these events are a little bit defocusing. And what is important for us is to ship the Internet of Rollapps, an anti-fragile network that is permissionless and allows every computer in the world to become a blockchain. So, yeah, we’re in hyper-focus on that.

Thank you. So, I look forward to seeing all the amazing development ahead. Thank you again, and have a wonderful day.

Thank you so much, Elena. Cheers. Bye-bye.