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tBTC: What Happens When the Most Liquid Crypto Asset Hits DeFi? - Ep.169

tBTC: What Happens When the Most Liquid Crypto Asset Hits DeFi? - Ep.169

FromUnchained


tBTC: What Happens When the Most Liquid Crypto Asset Hits DeFi? - Ep.169

FromUnchained

ratings:
Length:
75 minutes
Released:
Apr 28, 2020
Format:
Podcast episode

Description

Matt Luongo, CEO of Thesis, the parent company of Fold and Keep, describes the just-launched tBTC, his plan for a censorship-resistant Bitcoin-Ethereum bridge. He explains his personal reasons for wanting such a platform, why tBTC is different from other versions of Bitcoin on Ethereum, and how it works -- including the process of becoming a signer in minting tBTC, how the system will handle crises, the reason for high collateralization levels, why staking assets are limited, and the necessity of a work token, Keep. He also discusses the economics behind tBTC-backed tBTC, his vision for DeFi, how tBTC could buffer an ETH crash, and the reasoning behind minimal governance mechanisms -- playing into why institutions trust BTC more than ETH. Plus, he contrasts the Bitcoin and Ethereum communities and talks about the possibility of tBTC2.0.   Thank you to our sponsors!  Crypto.com: https://crypto.com/ Kraken: https://www.kraken.com Episode links:  Matt Luongo: https://twitter.com/mhluongo Thesis: https://thesis.co/ Keep: https://keep.network/ Fold App: https://foldapp.com/ tBTC white paper: https://docs.keep.network/tbtc/index.pdf Initial reveal: https://twitter.com/mhluongo/status/1162481737525583873?s=20 Announcement on Keep blog: https://blog.keep.network/bridging-bitcoin-and-ethereum-b2f9923630a7?gi=5c9040ed3a72 Some criticism of tBTC: https://twitter.com/peterktodd/status/1162728205607985152?s=20 Matt on the Breakdown podcast: https://www.coindesk.com/will-defi-matter-in-a-post-coronavirus-world-feat-matt-luongo Matt on Sendwyre podcast: https://blog.sendwyre.com/announcing-tbtc-with-james-prestwich-and-matt-luongo-of-cross-chain-group-c424e2b0b40c?gi=d1e8b53ca80e How tBTC works: https://defipulse.com/blog/what-is-tbtc/ The Block on tBTC: https://www.theblockcrypto.com/daily/55284/inside-tbtc-the-bitcoin-backed-erc-20-token-that-could-go-live-in-march Keep raises $7.7 million: https://www.forbes.com/sites/justinoconnell/2020/04/03/coinbase-co-founder-invests-in-project-to-bridge-bitcoin-and-ethereum/#368a6f737df4
Released:
Apr 28, 2020
Format:
Podcast episode

Titles in the series (100)

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.