On The Brink with Castle Island Justin and Hannah (Asymmetry Finance) on Stablecoins, Yield, & Risk in DeFi (EP.619)
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May 5, 2025 Hannah JoJo and Justin Garland, co-founders of Asymmetry Finance, delve into the fascinating evolution of yield in decentralized finance (DeFi). With backgrounds in risk analysis and software engineering, they discuss the importance of assessing risks in high-yield products and the rise of synthetic stablecoins. They share valuable insights on investor dynamics, including psychological barriers that influence choices in DeFi. The duo also explores the transformative power of Ethereum, emphasizing the need for transparency and user-friendly solutions in the crypto space.
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Early UST Risk Warning
- Hannah used a risk report to help Genesis unwind a risky UST exposure before its collapse.
- This saved them millions and illustrates the need for professional risk assessment in crypto.
Fixed Rate Lending Breakthrough
- Fixed rate borrowing into perpetuity is missing but crucial in DeFi.
- USDAF offers fully permissionless, immutable protocol with independent oracles, enhancing trust and stability.
TVL Milestones Spark Growth
- TVL milestones create psychological barriers that unlock new groups of users.
- Once over a billion, protocols gain true escape velocity attracting more capital and reducing perceived risk.