Wallfacer Podcast

How is Euler Finance becoming DeFi's global liquidity layer? 

Ryan Rodenbaugh chats with Michael Bentley about reimagining DeFi infrastructure through modular design, what’s driving the protocol’s high yields, and why more builders are choosing Euler as their foundation.

Follow our guests: 

• https://x.com/euler_mab
• https://x.com/eulerfinance
  
  

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

Timestamps

00:00 - Michael’s background

05:22 - Getting into crypto

08:32 - The vaults.fyi app

09:17 - Euler’s culture 

12:12 - Screening for culture fits

14:17 - Sticking around after the Euler hack

17:00 - Euler v2 vs Euler v1

19:49 - Euler as primitive infrastructure

28:54 - The case for alternative collateral 

31:28 - Why Euler is a RWA project

35:58 - Bootstrapping stablecoins with modular DeFi protocols

39:37 - What’s driving Euler’s high yields

42:51 - Balancing incentives for a mature token

46:05 - Euler’s metrics for success

49:30 - Why don’t protocols just launch on Euler?

52:48 - DeFi and the Lindy effect

55:04 - What’s next for Euler

59:37 - Realizing Euler’s vision

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

@RyanRodenbaugh sat down with @MattFiebach of @EntropyAdvisors in our latest podcast! 

They discussed how the Entropy team is accelerating the @arbitrum DAO, the current OpCo proposal, & the world of decentralized governance. 

Timestamps

00:00 - What is Entropy Advisors?
01:59 - Why Arbitrum?
05:54 - Who contributes to Arbitrum today?
08:02 - Which Arbitrum competitors stand out?
12:11 - Offchain Labs’ influence on Arbitrum
13:56 - What does OpCo address?
16:10 - How OpCo has been received
18:35 - Analogous structures & OpCo’s role
21:40 - In-house vs service providers
23:07 - How L2s are valued
25:33 - Arbitrum DAO’s business model
28:25 - Matt’s thoughts on the Superchain narrative
37:02 - What should L2s focus on?
41:16 - Arbitrum’s homegrown success stories
46:37 - Focusing on Ethereum vs other L1s
51:13 - Arbitrum and L2 interoperability
53:18 - Friction points for users
54:58 - Getting people onchain & closing thoughts

Follow our guests: 

• https://x.com/MattFiebach
• https://x.com/EntropyAdvisors

Stay connected with Wallfacer: 

• https://twitter.com/wallfacerlabs
• https://linktr.ee/wallfacerlabs
• https://twitter.com/ryanrodenbaugh
• https://warpcast.com/ryanrodenbaugh

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

🎙️ Join @RyanRodenbaugh and @DeFi_Made_Here in our latest podcast. 

They discussed @0xFluid’s approach to DeFi, @Instadapp’s evolution, and more!

Timestamps

• 00:00 - DMH’s background
• 04:40 - What is Fluid?
• 07:09 - Instadapp’s evolution
• 09:05 - Fluid’s design
• 10:40 - How the Liquidity Layer works
• 12:35 - Risk in Fluid’s ecosystem
• 14:55 - Fluid’s competitive rates 
• 16:03 - How Fluid utilizes capital 
• 24:51 - Building on the Liquidity Layer
• 29:10 - Collaborating with other protocols
• 33:00 - Fluid’s biggest competitor 
• 35:35 - Rapid growth without token incentives
• 37:19 - Maintaining APY with high TVL
• 39:45 - Fluid’s approach to L2s
• 41:41 - The evolution on $INST
• 43:19 -  Establishing Fluid as a “blue-chip” protocol

Follow: https://x.com/defi_made_here
https://x.com/instadapp
https://x.com/0xFluid

Follow Wallfacer: https://twitter.com/wallfacerlabs

And our host, Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh 
https://warpcast.com/ryanrodenbaugh

And subscribe for all our other content: https://linktr.ee/wallfacerlabs

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

RyanRodenbaugh caught up with @saltyfacu of @yearn/@built_by_mom in our latest podcast! 

They discussed @yearn's OG culture, its evolution, future direction, and explored Facu's builder collective @built_by_mom.

• 00:00 - Facu’s background
• 03:30 - Yearn’s OG culture
• 05:00 - Outcomes of pseudo anonymity 
• 07:06 - Yearn’s structure today
• 09:51 - How Yearn’s culture has evolved
• 12:00 - DeFi Summer memories
• 13:19 - Maintaining Yearn’s reputation
• 14:40 - Avenues for growth
• 16:23 - L2 expansion
• 19:57 - Alternative L1s
• 21:14 - What is Mom?
• 23:20 - What is Ajna?
• 26:20 - Choosing who to work with
• 27:57 - Mom’s marketing style
• 34:12 - Misconceptions about working in DeFi
• 36:00 - Mom’s products
• 41:36 - What’s next

Links: 

https://x.com/saltyfacu
https://x.com/built_by_mom

https://twitter.com/ryanrodenbaugh
https://twitter.com/wallfacerlabs
https://twitter.com/vaultsfyi

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

🎙️ In our latest episode, @RyanRodenbaugh talks with @mattimost of @ReserveProtocol. 

They discuss the appeal of index products in DeFi, growing and governing a healthy stablecoin protocol, onboarding crypto-natives vs mainstream users, and more!

Timestamps

00:00 - Introduction
03:03 - Index products in DeFi
07:47 - Reserve’s user profiles
12:04 - Crypto-native vs mainstream product design
15:30 - What motivates Reserve’s governance community
18:11 - Active vs organic growth
20:20 - Catalysts for Reserve’s growth
21:41 - What makes a protocol healthy
25:08 - Onboarding users to stablecoins
30:40 - Learnings that challenged previous beliefs
33:50 - Integrating RWAs 
36:43 - Thomas’ background and path to Reserve
38:45 - Closing thoughts

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

Today’s guest is Evgeny Yurtaev, the Co-Founder and CEO of Zerion. Zerion is a crypto wallet for everything onchain. Zerion has also recently announced that they are building ZERO, a Layer 2 network that is designed to offer zero fees

00:00: Introduction 

00:40: Defining a modern crypto wallet 

06:00: Views on crypto + social 

09:15: Defining Zerion's target users 

11:40: Wallets, wallets, wallets 

19:30: The evolving business of Zerion 

24:25: ZERO and improving the onchain user experience 

30:25: Building an ecosystem around ZERO and attracting content creators 

41:10: Building on the @zksync Zk Stack 

48:00: The business of ZERO 

52:00: Onchain identity / Zerion DNA 

Learn more: 

Zerion, Evgeny, and Zero

• https://x.com/zerion
• https://x.com/evgeth_
• https://x.com/zerodotnetwork

Wallfacer Labs and Ryan

• https://x.com/wallfacerlabs
• https://x.com/RyanRodenbaugh/

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

In this episode, @definikola from DeFi Saver joins us to discuss balancing quality and quantity, catching blue-chip protocols early, and DeFi Saver's business model. We also touch on the dominance of blue-chip apps, the importance of user control and what’s next for DeFi Saver.

00:00 - Introduction to DeFi Saver
02:55 - Balancing quality and quantity
04:51 - New products and new users
07:07 - Catching blue-chip protocols early
10:36 - How not tracking users impacts building products
12:35 - DeFi Saver’s business model
17:55 - Recipes and novel use cases
22:23 - Why blue-chip apps dominate
23:50 - Why more people don’t use UX layers
27:23 - Frontend fees
29:18 - Giving control to users
32:52 - The pros and cons of having a token
36:22 - Integrating passkeys to DeFi Saver
37:66 - What’s next from DeFi Saver

To learn more about Definikola: https://x.com/definikola
And Defi Saver: https://defisaver.com/

Follow Wallfacer: https://twitter.com/wallfacerlabs

And our host, Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh 
https://warpcast.com/ryanrodenbaugh

And subscribe for all our other content: https://linktr.ee/wallfacerlabs

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

In our latest podcast, we sat down with Sefton Kincaid of @cicadacredit!

We discussed the past, present and future of onchain credit, as well as Cicada’s recent partnership with @TrueFiDAO 🎙️

00:00 - Sefton’s background
04:40 - The efficiencies of DeFi protocols
09:44 - The history of crypto credit
17:20 - Collateralized vs uncollateralized credit
18:30 - TrueFi and Maple’s appeal
21:55 - Crypto credit today
21:45 - Borrowing from custodians
26:38 - Communication between lenders
29:03 - The pricing of risk
31:25 - Why Sefton stayed in onchain credit
32:20 - Cicada Partners’ founding thesis
33:15 - Asset backed lending
34:48 - The appetite for RWA deals
37:22 - Cicada’s partnership with TrueFi
40:44 - DeFi vs CeFi lending in the future
44:13 - Common misconceptions in onchain credit
47:51 - The future impact of onchain credit
49:38 - Closing thoughts 

Follow Wallfacer: https://twitter.com/wallfacerlabs

And our host, Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh 
https://warpcast.com/ryanrodenbaugh

And subscribe for all our other content: https://linktr.ee/wallfacerlabs

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

Today’s guest is Regan Bozman. Regan is the co-founder of Lattice, an early-stage crypto venture fund. 

Regan Bozman: 
Learn more: https://twitter.com/reganbozman
https://www.lattice.fund/

00:00 - Regan’s background
01:56 - ICO takeaways
05:25 - Changes in the crypto investor landscape
13:40 - Improvements in the space
16:33 - Building for the current crypto audience
19:45 - Lattice’s founding thesis and development
21:14 - Non-crypto-native funds returning to crypto
22:55 - Competing with crypto’s biggest funds
24:15 - Exciting areas and contrarian positions
30:18 - Private VC rounds vs market buying
32:08 - Lattice’s perfect deal
34:47 - Having an irrational belief in crypto
36:00 - Making contrarian bets
40:13 - Valuing equity vs tokens
41:14 - Building moats in crypto
43:20 - Types of distribution
45:16 - Organic crypto marketing
46:25 - Lattice’s investing process
48:37 - Examples of failed deals
50:00 - Investing in applications
53:43 - How experience informs how Lattice invests
55:45 - Where the market is going
58:08 - Product-market fit in crypto

Follow: https://twitter.com/wallfacerlabs
And subscribe for all our other content: https://linktr.ee/wallfacerlabs

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

Today's guest is Wesley Pryor, the founder of Acheron Trading, a digital asset market maker.
 
You can learn more about Wesley on X: https://twitter.com/wes_dewayne
And his firm on their blog: https://acherontrading.com/blog

00:00 - The role of market makers
06:00 - Listing tokens on exchanges
08:13 - How market makers get paid
14:06 - Market making in crypto vs traditional finance
17:25 - The risk of mispriced options
20:00 - Wesley’s background and Acheron’s story
27:25 - Acheron’s thesis on providing liquidity
29:50 - Transparency in market making
32:52 - Predatory market makers
41:30 - Loan and call options
50:45 - Examples of predatory token launches
56:03 - Different types of market making
58:04 - Enforcement of standards in crypto market making
59:40 - Future predictions for crypto market making

To learn more about Wallfacer Labs, you can follow us on X: https://twitter.com/wallfacerlabs

Or our host, Ryan Rodenbaugh: https://twitter.com/RyanRodenbaugh

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