Bitcoin DLC Self Custodial Finance with Philipp Hoenisch of 10101 SLP554

What applications exist for Bitcoin self custodial finance? Philipp Hoenisch, founder of 10101 (pronounced ten-ten-one) joins me on the show to talk about bitcoin trading without counterparty risk. We discuss:

DLC overview and basics

DLC channels and lightning

10101 walkthrough

“Funding rate”

Synthetic stablecoins

For individuals or business?

Risks and things can break down

Prior Episodes:

SLP349 Chris Stewart Bitcoin DLCs & Stablechannels

SLP219 Nadav Kohen – What You Should Know About Bitcoin DLCs

SLP519 Self Custodial Bitcoin Finance with Matthew Black of Atomic Finance

Links:

X: @bonomat

X: @get10101 

Site: 10101.finance

Sponsors:

Swan.com (code LIVERA)

CoinKite.com (code LIVERA)

Mempool.space

Nomadcapitalist.com

Stephan Livera links:

Follow me on X: @stephanlivera

Subscribe to the podcast

Subscribe to Substack

Timestamps/Chapters:

00:00 - Introduction and Background

05:58 - The Concept of Discrete Log Contracts (DLCs)

10:28 - Non-Custodial Trading and DLC Channels

12:46 - Using the 10101 App

21:32 - Expiry and Funding Rates

26:01 - NomadCapitalist.com

27:47 - Coinkite.com

28:57 - Market Makers and Trade Sizing

32:05 - Limits and Future Plans

35:55 - Security and Hardware Wallets

37:41 - Non-Degen Uses for 10101

38:50 - Comparison of Stable Coin Concepts

41:58 - High Interest Rates and Risks

48:33 - Swan.com

49:42 - Mempool.space

50:44 - Comparison of Stable Value Options

56:49 - Technical Complexity and Education

58:43 - Future of the 10101 App

01:00:45 - Reasons for Lack of Non-Custodial Finance Adoption

01:03:56 - Closing Thoughts