Bitcoin-collateralized loans with Philipp Hoenisch | SLP642
Stephan Livera Podcast - Un p贸dcast de Stephan Livera
Categor铆as:
Stephan discusses the evolution of Bitcoin and the challenges of self-custody with Philip Hoenisch, co-founder of Lendasat. They explore the transition from traditional finance to on-chain solutions, the importance of self-custody, and the ideological divides within the Bitcoin community.聽Philipp shares his insight on the intricacies of Bitcoin lending, focusing on liquidation processes, collateralization ratios, and the role of technology in managing these aspects. He explains the cost structures associated with lending, including origination fees and transaction costs, and explores the potential for loan rollovers and credit lines. The discussion also touches on the future of stablecoins amidst regulatory risks and the growth of the lending market, particularly from the perspective of lenders. Finally, the conversation highlights the impact of technological innovations like CheckTemplateVerify (CTV) on the Bitcoin ecosystem.Takeaways馃敻Bitcoin is a cypherpunk tool for decentralization.馃敻Self-custody is essential for true Bitcoin adoption.馃敻The traditional finance system is not designed for self-sovereignty.馃敻Many people are not technically equipped to self-custody Bitcoin.馃敻Lendasat aims to provide a collateralized lending solution for Bitcoin.馃敻Interest rates in Bitcoin lending are expected to decrease over time.馃敻KYC regulations are a significant hurdle for Bitcoin lending platforms.馃敻DLCs can automate and secure loan agreements on Bitcoin.馃敻User experience is crucial for broader Bitcoin adoption.馃敻The future of lending may involve integrating fiat and stablecoins. Liquidation occurs when collateral falls below a certain threshold.馃敻Lenders can set their own collateralization ratios.馃敻Technology plays a crucial role in monitoring liquidation events.馃敻The app automates notifications for lenders regarding their loans.馃敻Origination fees are a primary cost in Bitcoin lending.馃敻Loan rollovers allow borrowers to extend their loans easily.馃敻Stablecoins face regulatory risks that could impact their use.馃敻Lenders may come from both retail and institutional backgrounds.馃敻The future of lending may involve innovative financial products.馃敻Technological advancements like CTV could enhance Bitcoin's lending capabilities.Timestamps:(00:00) - Intro(00:52) - Pivoting from 10101 Finance to Lendasat(03:15) - Will the future of Bitcoin be On-chain or TradFi?; The importance of self-custody in Bitcoin(08:29) - Is there an ideological echo chamber hindering Bitcoin鈥檚 adoption?(11:49) - The case for Lendasat聽(14:26) - Managing interest rates and loan terms in Bitcoin lending(19:43) - Sponsors(22:00) - What are the KYC & AML related hurdles in Bitcoin lending?聽(23:22) - What is Lendasat ?(30:53) - How does DLC work in Bitcoin lending with Lendasat?聽(33:47) - Understanding liquidation criteria and collateralization terms with Lendasat(35:34) - How is technology overseeing liquidation processes?(39:04) - Sponsors(43:16) - Cost structures, loan rollovers and credit lines(48:57) - The future of stablecoins(54:29) - Lender鈥檚 perspective and market growth potential聽(56:45) - What will be the impact of CTV on Bitcoin lending markets?聽(59:53) - Closing thoughtsLinks:聽https://x.com/bonomat聽https://x.com/lendasat聽https://lendasat.com/聽Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
