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Amitej Gajjala

Amitej Gajjala is one of the co-founders of the , a multi-chain platform for and . [1]

Education

Gajjala earned his Bachelor’s in Electrical and Electronics Engineering from the Indian Institute of Technology, Madras, in 2009. He later graduated from the Indian Institute of Management, Calcutta, with an M.B.A. in Management in 2014. [1]

Career

Gajjala worked as a business analyst at ZS Associates, a management consulting and technology firm, until 2012 when he returned to school to earn his Master’s. [1]

After earning his M.B.A., he worked as a senior business analyst and later as an associate at A.T. Kearney, a management consulting firm in Mumbai, until 2017. He became an assistant vice president at Zapr Media Labs, a media-tech startup, until 2018. [1]

In August 2018, Gajjala worked as the assistant vice president at Swiggy, an on-demand delivery platform in India, until June 2021, when he and Dheeraj Borra co-founded , a platform for earning rewards across tokens. They later co-founded in November 2023. [1]

Interviews/Panels

Restaking Rewards & DeFi

During Restaking and Infra Day at L2con in Dubai, Gajjala, as a keynote speaker, provided insights into the liquid restaking landscape, emphasizing its potential for higher rewards than traditional staking. He discussed users' complexities in selecting validators, managing rewards across multiple protocols, and challenges such as high gas fees and liquidity constraints. Gajjala introduced liquid restake tokens (LRTs) like by as a solution, simplifying asset liquidity and reward claiming while offering risk-adjusted rewards. Additionally, he highlighted the development of proprietary technology enabling native restaking on solutions, aiming to save users fees and expand accessibility. [2]

Pioneering LRT

At ETHStaker 2023, Gajjala delved into the evolution of as a new paradigm in following the emergence of as a global value exchange network in 2015. He discussed the democratization of and the introduction of to staked assets through platforms like and . The presentation identified key challenges facing adoption, including complex user interfaces, multi-token rewards systems, and liquidity loss during restaking periods. The Liquid Restake Tokens (LRTs) concept is introduced to simplify user experiences, provide liquidity, and mitigate risks such as slashing and centralization in restaking networks to address these challenges. [3]

DeFi For Everyone

At FILBangalore 2023, Gajjala introduced the concept of . g, where users could stake or other tokens to obtain representative tokens usable across protocols, was highlighted as a significant innovation. He emphasized the democratization of , as it eliminated the need for large capital requirements, enabling broader participation. The scale of was noted, with a total capitalization exceeding $35-40 billion, exemplified by platforms like . Additionally, the potential of liquid restaking as the next frontier of innovation was discussed, aiming to enhance efficiency and unlock liquidity for restaked assets. [4]

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Amitej Gajjala

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Edited On

May 26, 2024

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