The Integration of Risk-Free Rates and Stablecoins in DeFi Protocols

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This chapter explores the potential integration of risk-free rates and stablecoins into DeFi protocols. It discusses the use of treasuries to hold T-bill rates and share the yield, as well as the possibility of stablecoins offsetting impermanent loss through flowing yields. The conversation also touches on the increasing role of crypto in buying government debt and its potential impact on the US economy.

Robert Leshner has been at the forefront of DeFi since founding Compound in 2017. Now he's on a mission to bridge traditional finance and crypto with his new venture, SuperState.

In this episode, Robert provides an inside look at SuperState's plans to tokenize real-world assets like US Treasuries, allowing crypto protocols to access their yields. He explains why asset tokenization has been slower than expected, citing lack of demand for esoteric assets targeted in early experiments.

They discuss how Treasuries are an ideal first asset class to tokenize due to high investor demand and yields above what's available on-chain today. Robert believes bringing real-world assets on-chain will transform finance by making them programmable and composable.

Reflecting on lessons from Compound, Robert explains how SuperState is taking an institutional investor-focused approach from the start. He also shares his perspective on the current DeFi landscape and what he looks for when investing in early-stage founders.

Robert provides unique insights only someone of his experience could offer. He remains focused on the big picture - bridging TradFi and crypto to expand what's possible in DeFi.

Show Notes

Website: Superstate
Email: info@superstate.co

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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠here⁠⁠.

Keywords

Tokenization, T-Bills, Yield, Real World Assets, Compound, SuperState, DeFi, Crypto, Treasuries, Blockchain, Bitcoin, Ethereum, Crypto Exchange, Digital assets, Decentralization, Crypto Regulation, Crypto Investing, Web3, Metaverse, NFTs, DeFi, Cryptocurrency Adoption, Future of money, Financial Freedom