Episode 200
Rafael Cosman (TrustToken) on Uncollateralized On-Chain Lending (EP.200)
On The Brink with Castle Island · Castle Island Ventures
March 31, 202144m 42s
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Rafael Cosman, cofounder and CEO of TrustToken, joins the show to talk stablecoins and TrueFi, their non-fully collateralized lending protocol. In this episode:
- TrustToken's various stablecoins that they administer
- The real-time stablecoin attestations TrustToken has done with Armanino
- How a real time attestation works
- Why the USD is so disproportionate in market share among stablecoins
- Why DeFi is potentially the killer app for stablecoins today
- Why Trust Token built a global fx currency basket
- Why overcollateralized lending doesn't necessarily constitute lending in the traditional sense
- How TrueFi introduces uncollateralized lending into DeFi
- How underwriting and credit creation works in a public blockchain context
- How legal contracts are introduced into DeFi
- Howo the TrueFi system incorporates revisions in creditworthiness
- How on-chain credit scores could proliferate and be used on a cross-platform basis
- How privacy is compatible with on-chain credit scoring
- Rafael's explanation for structurally high interest rates in DeFi
- The contrast between crypto yields and legacy yields