AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
189 - Taking Treasury Bills Onchain with Martin Carrica
Bankless
The Pros and Cons of Tokenized Treasuries
4min Snip
00:00
Summary
Transcript
Episode notes
In DeFi, there is the Maker Protocol with its stablecoin DAI and the DSR function that offers yield. However, the rates are subject to governance changes, making it less certain. It would be great to have a product that tracks Jerome Powell's actions. On the other hand, tokenized treasuries like USDC are centralized and subject to seizure. There are trade-offs between the advantages of Maker and the risks of smart contracts. Ultimately, on-chain T-bills offer a direct connection to traditional finance with minimal risks. It's like a race between DeFi and traditional finance to create the best stablecoin. This is the next evolution in stablecoins.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode