#18: Luca Prosperi, M^0 | Reimagining Money & the Future of Stablecoins
Wallfacer Podcast · Wallfacer Labs
February 3, 20251h 13m
Audio is streamed directly from the publisher (api.substack.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
How are stablecoins reshaping the financial stack?
Ryan chats with Luca Prosperi about reimagining the financial stack from first principles, why separation between money creation and distribution matters, and how M^0's enables both DeFi protocols and fintech apps to build better products.
Follow our guests:
And try out Wallfacer’s latest release: https://app.vaults.fyi
Follow our host:
Timestamps
- 00:00 - Luca's crypto red pill
- 03:03 - The philosophy of money
- 07:21 - Understanding modern banking
- 12:14 - Reflections on working with MakerDAO
- 17:24 - The current state of RWAs
- 21:52 - The belief behind M^0
- 30:28 - $M's role as wholesale money
- 38:04 - How M^0 manages collateral
- 41:40 - Composability and $M
- 44:47 - M^0's pitch for GTM success
- 47:37 - The economics of stablecoin issuers
- 53:58 - M^0's two token governance model
- 58:32 - The economics of M^0
- 1:00:52 - Levelling up crypto monetary infrastructure
- 1:04:27 - Closing predictions on DeFi
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wallfacerlabs.substack.com