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: 

• https://x.com/LucaProsperi
• https://x.com/m0foundation

And try out Wallfacer’s latest release: https://app.vaults.fyi

Follow our host: 

• https://twitter.com/RyanRodenbaugh
• https://warpcast.com/ryanrodenbaugh.eth

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

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