DeFi for ETH

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Stair: What exactly is a structured product because it seems like there's a lot of varieties out there. You know, what does it have to do with options? And, you know, can you give maybe an example of how it works? Stair: I'll maybe walk through the most like typical use case of our most popular product, which is like the ETH cover called vault. So for taking on that view, you get paid something in the range of 30 to 50 basis points a week.

*Apologies for the audio quality this week! Usual quality will resume in the next episode

DeFi has been accused of being propped up by unsustainable ponzis - can Ribbon be the solution?

Ribbon is a DeFi protocol that allows users access to crypto structured products. Till date, they reported over $10 billion in notional volume and claims to offer 24% on their ETH - despite being in a bear market.

Today, Ribbon’s Co-Founder Julian Koh shares with us:

How Ribbon generates yield
Building new products vs integrating with others
What is takes to revive DeFi
Potential regulations on crypto space

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:03:41) – Road to founding Ribbon

(00:07:34) – Primer on structured products

(00:11:31) – Risks of capital loss on Ribbon

(00:14:16) – Managing options with automated smart contracts

(00:16:00) – Preventing market makers from front-running

(00:19:42) – Types of Ribbon’s customers

(00:21:14) – Reasons for Ribbon’s success

(00:23:18) – New Ribbon products and plans

(00:31:55) – Is composability just a meme

(00:35:37) – Underwriting lending risks

(00:39:27) – Moving away from Opyn & building own exchange

(00:47:38) – Allowing DAOs to issue bonds

(00:51:50) – Primary drivers of future of DeFi

(00:58:26) – Potential regulations on crypto-space

----------- Sponsors -------------

dYdX is the Leading Decentralized Exchange for trading perpetual contracts. Users enjoy low fees, deep liquidity, up to 20x more buying power and even earn $DYDX from trading. Trade on dYdX today at: https://trade.dydx.exchange

----------- More Resources ---------

Guest

Julian’s Twitter: https://twitter.com/juliankoh

Ribbon Finance’s Twitter: https://twitter.com/ribbonfinance

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.