Gm! This week we're joined by Carson Cook & James Roth from Membrane Labs to discuss the current state of crypto lending. We deep dive into the differences between crypto's 2021 cycle & today, the Terra/Luna fallout, institutional appetite for lending in crypto & much more. Enjoy!

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WalletConnect is the onchain connectivity network . If you’ve connected to a Web3 app, you’ve seen WalletConnect. It’s everywhere—an icon of trust in crypto, as recognizable as Visa at checkout.

The numbers speak for themselves: Over 220 million connections and 35 million users worldwide use WalletConnect to power their Web3 experience. @WalletConnect on X and Telegram or visit https://WalletConnect.Network

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Timestamps:

(00:00) Introduction

(00:40) Crypto's Leverage Unwind In 2021-22

(08:41) The Terra/Luna Fallout

(14:30) Ad ZKSync

(15:35) What We Learned From Last Cycle

(19:11) Who Are The Big Lenders In This Cycle?

(23:32) Ad ZKSync

(24:37) Token Generation Events

(31:02) Will Institutions Start Lending In Crypto?

(35:08) Ads (Token.com. Bitwise, WalletConnect)

(37:22) What Is Membrane?

(48:40) Over vs Under Collateralized Lending

(58:22) What Will Blow Up This Cycle?

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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