Published: March 31, 2021, 10 a.m.
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Rafael Cosman, cofounder and CEO of TrustToken, joins the show to talk stablecoins and TrueFi, their non-fully collateralized lending protocol. In this episode:\\xa0
- TrustToken\'s various stablecoins that they administer
- The real-time stablecoin attestations TrustToken has done with Armanino
- How a real time attestation works
- Why the USD is so disproportionate in market share among stablecoins
- Why DeFi is potentially the killer app for stablecoins today
- Why Trust Token built a global fx currency basket
- Why overcollateralized lending doesn\'t necessarily constitute lending in the traditional sense
- How TrueFi introduces uncollateralized lending into DeFi
- How underwriting and credit creation works in a public blockchain context
- How legal contracts are introduced into DeFi
- Howo the TrueFi system incorporates revisions in creditworthiness
- How on-chain credit scores could proliferate and be used on a cross-platform basis
- How privacy is compatible with on-chain credit scoring
- Rafael\'s explanation for structurally high interest rates in DeFi
- The contrast between crypto yields and legacy yields
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