We Study Billionaires - The Investor’s Podcast Network BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast)
Mar 3, 2021
In this engaging discussion, Max Keidun, the Founder of Hodl Hodl and an expert in decentralized finance, dives into the dynamics of peer-to-peer Bitcoin lending. He contrasts it with centralized lending, explaining the significance of a multisig escrow system. The risks of borrowing from unknown parties, the role of loan-to-value ratios, and how Hodl Hodl navigates regulatory constraints are all explored. Max also touches on the impact of central bank digital currencies on Bitcoin and the future landscape of decentralized lending, emphasizing user knowledge and innovation.
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Decentralized Lending with Multisig
- Hodl Hodl uses a multisig escrow system with three keys for lending and borrowing.
- This non-custodial approach gives users more control and transparency.
Dispute Resolution
- Disputes in Hodl Hodl's lending platform are rare, often resolved by parties involved due to game theory.
- This contrasts with custodial platforms where Hodl Hodl acts as an arbiter.
Loan Scenario Role-Play
- Preston Pysh and Max Keidun role-play a $10,000 USDC loan scenario on Hodl Hodl.
- This example demonstrates the platform's process, including collateral, LTV, and repayment.