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