Resilient DeFi with Kirk Hutchison | Layer Zero

<p>Kirk Hutchison is the Co-Founder of Volt Protocol, an inflation hedged stablecoin built on Ethereum. Kirk is widely known as the gigabrain’s gigabrain when it comes to all things DeFi.</p> <p>As inflation continues to rise, Kirk couldn’t have joined at a better time. However, Kirk and David dive into much more than inflation.</p> <p>On this episode, Kirk explains symmetric money systems, self-referential feedback mechanisms, the problems with DeFi today, what Volt is and its future, and so much more.</p> <p>------<br /> 📣 NOTIONAL | Real DeFi Yield<br /> <a href= "https://bankless.cc/Notional">https://bankless.cc/Notional</a> </p> <p>------<br /> 🚀 SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/">https://newsletter.banklesshq.com/</a> <br /> 🎙️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS:</p> <p>⚖️ ARBITRUM | SCALED ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>❎ ACROSS | BRIDGE TO LAYER 2<br /> <a href= "https://bankless.cc/Across">https://bankless.cc/Across</a> </p> <p>🏦 ROCKET POOL | STAKE YOUR ETH<br /> <a href= "https://bankless.cc/RocketPool">https://bankless.cc/RocketPool</a> </p> <p>👻 AAVE V3 | LEND & BORROW CRYPTO<br /> <a href= "https://bankless.cc/aave">https://bankless.cc/aave</a> </p> <p>⚡️ LIDO | LIQUID ETH STAKING<br /> <a href= "https://bankless.cc/lido">https://bankless.cc/lido</a> </p> <p>🔐 LEDGER | NANO S PLUS WALLET<br /> <a href= "https://bankless.cc/Ledger">https://bankless.cc/Ledger</a> </p> <p>------<br /> Topics Covered:</p> <p>0:00 Intro<br /> 4:45 What Kirk Thinks About<br /> 8:36 Decentral Bank Terms Explained<br /> 13:45 What is a PSM?<br /> 18:16 The Bankless Thesis<br /> 21:20 Fully Symmetric Money System<br /> 28:05 Why is Fixed Rate a Problem?<br /> 32:12 Self-Referential Feedback Mechanisms<br /> 40:45 The Problems with DeFi Today<br /> 47:40 DeFi Utopia vs. Dystopia<br /> 1:00:55 What is Volt & Its Future?<