Luca Prosperi (M0) on a Universal Stablecoin Platform (EP.637)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
Transcript preview
Preview only
Today, I have on Luca as our guest, our guest of honor. He is the founder and CEO of m 0, which is a decentralized stablecoin protocol and has a corresponding asset, which is m, and is working on a bunch of cool things on top of m, like wrapped stablecoins, wrapped white labeled stablecoins, extensions, and some other really cool stuff that I'm excited to get into in this conversation. But before we kick it off and get into the meat of everything, Luca, it would be awesome if you could give a quick intro. Tell us a little bit about your background, your time at MakerDAO, and and maybe other ex
Yeah. Absolutely. And thanks for having, Miria. I'm we were laughing before starting the recording. I'm here stuck in a with in a thunderstorm in Brazil with no power doing this from the soul. And so I hope I hope that you can the listeners can hear the thunders in the in the background. I never know guys
a committed guest. I
never know how good the AirPods are at canceling the background noise. But, yeah, I mean, it's, I'll give you, like, a couple of minutes introduction about myself and the origins of the Mzero project. I'll try not to make it too personal. Today is actually a special date for me. You will understand why in a second, but I am a I am a mathematician by background. I'm an mathematical economist. I started my career working as a consultant for financial institutions at Oliver Wyman and spent the following fifteen years advising, investing in financials. I I I joined Morgan Stanley as a financial in
I just wanna pause for one second and, first of all, say congratulations on the five year mark. And I'm so sorry to hear that you must have had to go through such a grueling physical and mental challenge also at a time when COVID was happening. And, yeah, thank you for sharing that story. It's it's really inspiring to hear. Thanks
thanks a lot for the kind words. I'm not sorry at all. I feel it it was the greatest privilege of my life to go through this. I think it's the most powerful propeller you have. I you transform me and turbocharge the impact they have in my on my own life and in on and on the world. So I cannot say I hope other people go through the same stuff, obviously. But what I can say to other people is that I hope they have the strength I had to capitalize on the pain that is inflicted on us sometimes.
Thank you just so much for sharing that. Okay. So you brought up MakerDAO, and you mentioned a little bit how and maybe this wasn't just in reference to MakerDAO, but just generally how maybe such a model wouldn't scale for institutional offerings. Could you talk a little bit about why that's the case?
Yes. Absolutely. And I I also want to clarify that when I I talk about institutional offering, I do not mention I do not mean necessarily the boring regulated hyper stiff banking word. What I mean is an institutional mindset of large scale instead of a retail gamified phenomenon. The institutions can actually be new institutions. Right? But I think there is a way of doing things that is professional and institutional like, which I which was not the way of early day protocols in crypto. It and it's obviously always the case, I think, in new companies, new industries. But to go to be a bit more
But then something about the model inspired you to launch m zero. And maybe specifically, you know, you describe m zero as a decentralized protocol, and I wanna talk a little bit about that and the importance of that relative to other stable coin models where there is a single centralized the and they did create a mechanism by which the asset
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.