Guy Young (Ethena) on the Past and Future of Crypto Interest Rates (EP.507)
On The Brink with Castle Island
The Interplay of Real Interest Rates and Crypto Rates
This chapter explores the merging of real interest rates with crypto rates through tokenized treasuries and assets, affecting stablecoin supply dynamics. It discusses the impact of falling real rates on market liquidity, the cyclical nature of Real World Assets (RWAs) in the crypto ecosystem, and the various motivations behind stablecoin creation. The conversation also covers the rationality of seeking crypto yields, the unpredictability of future interest rates, and the potential shift towards higher rates as cryptocurrencies mature.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
