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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