đ¨NEW EPISODE: Why Ethereum PropAMMs Arenât Actually AMMsđ¨
Today we're joined by
@katiabanina, CEO of
@bebop_dex, to unpack one of the most misunderstood emerging trading primitives in DeFi: PropAMMs.
We discuss:
- What Bebop does and its evolution
- Why PropAMMs arenât actually AMMs
- RFQs vs streaming quotes
- The concept of Request for Stream (RFS)
- How PropAMMs work on Ethereum
- Market maker incentives and quote signing
- Toxic flow and execution quality
- Block builders and sidecar quote streams
- Ethereum vs Solana PropAMM designs
- Oracle updates and onchain execution
- RFQ vs PropAMM tradeoffs
- Adoption across aggregators
- The future of onchain market structure
- And much moreâenjoy!
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 Timestamps:
 (00:00) Introduction
 (01:35) What is Bebop?
 (02:25) Bebopâs evolution
 (07:41) Why PropAMMs arenât AMMs
 (10:20) RFQs vs streaming quotes
 (12:35) Request for Stream explained
 (26:39) Ethereum vs Solana designs
 (32:05) Signed quotes and incentives
 (39:11) Block builders and sidecars
 (47:06) RFQ vs PropAMM execution
 (55:03) Oracle-traded markets
 (56:24) Adoption and market share
 (1:02:15) Future of onchain trading
 (1:03:16) Outro