Matt Black
@matthewjablack
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CoFounder @LygosFinance, CoHost @QuarterLifeCap #npub1wf7w8mrzqs3uvd8wsp774462d3rtttzwetuhpmzjccgn63emy4ls5qsxhy ex @AtomicFinance, @Shopify, @uwaterloo
Give Lygos.Finance a try 👉
Joined March 2014
If we want self-custody for #Bitcoin to scale, we need covenants It's that simple https://t.co/G8k6mm3n7C
covenants.info
Documentation about Bitcoin Covenant proposals.
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Why the interest rate gap between DeFi & CeFi?
The CeFi <> DeFi interest rate gap is one of the most interesting spots in the market today. Example: 11% interest - The rate for big ass company to borrow $50m with collateral 5% Interest - The rate for Johnny Tsunami down the block to borrow $50k on Aave 🎙️ @jaypatel
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Non-custodial... but with wrapped Bitcoin Huh...?
Learn how @coinbase built its noncustodial lending and borrowing product suite in pursuit of becoming the "everything exchange". The numbers speak for themselves. 🔹 $400M DeFi lending deposits, $800M active loans, $1.3B loans originated, $1.4B collateralized in BTC and ETH 🔹
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The CeFi <> DeFi interest rate gap is one of the most interesting spots in the market today. Example: 11% interest - The rate for big ass company to borrow $50m with collateral 5% Interest - The rate for Johnny Tsunami down the block to borrow $50k on Aave 🎙️ @jaypatel
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🚨 NEW POD: Better (Safer) Bitcoin Loans with @LygosFinance Lending is the single biggest use case for Bitcoin. Full stop. 🛑 But after BlockFi, Celsius & DeFi hacks, Do we have better solutions ready? In this episode, we sit down with @matthewjablack and @jaypatel,
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NEW PODCAST ALERT! 🚨
🚨 NEW POD: Better (Safer) Bitcoin Loans with @LygosFinance Lending is the single biggest use case for Bitcoin. Full stop. 🛑 But after BlockFi, Celsius & DeFi hacks, Do we have better solutions ready? In this episode, we sit down with @matthewjablack and @jaypatel,
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We quietly opened the Lygos Early Access cohort two weeks ago. Already rolled over custodial loans and onboarded borrowers across 3 continents. If you want to borrow against your Bitcoin without handing over your keys, DM us.
🚨 NEW POD: Better (Safer) Bitcoin Loans with @LygosFinance Lending is the single biggest use case for Bitcoin. Full stop. 🛑 But after BlockFi, Celsius & DeFi hacks, Do we have better solutions ready? In this episode, we sit down with @matthewjablack and @jaypatel,
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“End of the day, you have this situation where non-custodial becomes the long term inevitable solution” - @matthewjablack
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Built on Bitcoin guests looking good here.
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Long term, non-custodial is inevitable
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Literally save money being non-custodial
Borrow at 10.5% (inclusive) non-custodial with @LygosFinance or borrow at 12.4% with a custodian. Choice seems clear.
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Defi moving towards institutional means defi moving towards bilateral. Revolut isn’t unwinding a AAVE exploit
Many defi protocols are moving towards risk tranching, eg aave However when you look at how defi apps have lost money historically, in most cases they lose everything at once, so tranching is not that useful But what if protocols implemented rate limits like "only 20% of tvl
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Latest Built on Bitcoin newsletter going out shortly. Not too late to get on the list (and get access to the latest episode with @LygosFinance before public release on Monday) https://t.co/5I5SVPiQ9F
builtonbitcoin.beehiiv.com
Early access to the latest podcast: A week early for newsletter readers
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What are you guys talking about? Bitcoin is still above 100k 🤡
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Bear markets shake out the weak willed. Leaving those here for the mission. 🎙️ @jaypatel (CEO - @LygosFinance)
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@LygosFinance @matthewjablack This episode is out now for newsletter subscribers. Public release next week. Sign up below to get access now 👇 https://t.co/5I5SVPiQ9F
builtonbitcoin.beehiiv.com
Early access to the latest podcast: A week early for newsletter readers
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Had a blast chatting with @JakeBlockchain regarding everything DLCs and bitcoin-backed loans From Atomic Loans -> Atomic Finance -> Lygos Finance Native collateral for bitcoin-backed loans is back and it's here to stay
Latest Podcast with @LygosFinance Co-Founders (@matthewjablack & @jaypatel) Out now for newsletter subscribers. We discuss: - Why DLCs are "perfect" for lending - DeFi vs CeFi: Why Rates Differ So Much - Where Bitcoin Capital Markets go next - Getting loans and keeping your keys
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As @MartyBent eloquently said, everyone is "SLEEPING" on DLCs For the first time ever, funds are moving from custodial, to non-custodial Get on board, or get rugged Your choice
ANY CUSTODIAL LOAN CAN BE ROLLED TO LYGOS. 10% NO FUNNY BUSINESS.
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He said the same thing when we first met (about 4.5 year ago) @Anchorage mafia coming to takeout @GalaxyDigital & @Fidelity mafia for the top spot
We are all probably too optimistic in the short term, and not optimistic enough on the long term. 🤔 🎙️ @jay_476 - Co-Founder of @LygosFinance
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Is this a better way to do Bitcoin-backed loans?
There's no Bitcoin loan product that's truly trustless. Yet. But instead of trusting humans with your pristine collateral. You can trust in code. The outcomes in DLC's are pre-determined, and the oracles can be checked on what they are saying is true. You get a system that's
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The only risk with DLCs is oracle risk There's no smart contract risk
There's no Bitcoin loan product that's truly trustless. Yet. But instead of trusting humans with your pristine collateral. You can trust in code. The outcomes in DLC's are pre-determined, and the oracles can be checked on what they are saying is true. You get a system that's
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