In this discussion, Laurence Day, Co-founder of Wildcat Finance, sheds light on the complex world of undercollateralized lending within DeFi. He highlights the limitations of traditional models versus innovative on-chain solutions. The conversation delves into the importance of transparency and the role of privacy technologies like zero-knowledge proofs. Day also emphasizes the potential for these lending mechanisms to support underserved borrowers and the necessity of compliance in this evolving landscape. Discover the future of decentralized lending!