Luke Xie (SatLayer) on The Next Generation of Bitcoin Yield (EP.657)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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Today on the podcast, I sat down with Luke Xie, the founder of SatLayer. SatLayer is an economic layer for Bitcoin and DeFi, which allows holders to earn yield. Users deposit their Bitcoin, and SatLayer routes deposits to best in class DeFi yield offerings. Luke and I discussed Bitcoin's rise as a financialized versus idle asset and what lies ahead for Bitcoin. Without further ado, here's my conversation with Luke.
Matt Walsh and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Casinos may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.
Brought down by Bad Mortgage Investments, Lehman, has 25,000 employees, will be liquidated.
The federal government loans American International Group, AIG, $85,000,000,000.
This is a different kind of market, and the Fed is asleep. The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the two mortgage giants that have been threatened by the housing crisis. The Bank of
England has pumped £75,000,000,000 more into Britain's ailing economy with a new round of quantitative easing.
They print a couple trillion, and all of a sudden, people started to worry. So out of this worry, we have something called the Bitcoin. Bitcoin.
Luke, thanks for joining us today. We're gonna talk about Bitcoin, which will be fun. I wanted to kick off to say that one meaningful trend is that you look at DeFi and the crypto industry, the TVL of Bitcoin referring to the amount of BTC that's being used in DeFi protocols outside of the Bitcoin main chain is markedly increasing. The last I checked, DeFi Lama site something along the lines of $6,000,000,000. Babylon has led the pack in that. You guys and a host of other protocols or a smallish number of other protocols have followed, but still a meaningful development on that front when it c
Absolutely. I think in many ways, analogy here is probably like DeFi summer for a broader OGE based DeFi. I think in many ways, we're still in the first inning, just because I think in many ways, for Bitcoin DeFi, a lot of the teams came from the EVM and Alt Layer one side of the ecosystem and took a lot of the learnings plus, I think, just the latest and greatest in terms of innovation and to build that in various ways on and around Bitcoin. And it goes without saying the strength of Bitcoin this cycle and the biggest factor, I think, driving this bull market. So in many ways, it plays out si
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