Keep pulling the thread on Dan Robinson.
The Citrea platform provides access to a trust-minimized version of Bitcoin on a fully programmable platform.
The mainnet for the Citrea platform is live and operational.
Dan Robinson of Paradigm stated that he agrees DeFi lenders seem to be underpricing risk.
According to Dan Robinson of Paradigm, most blue-chip DeFi yields are lower than the risk-free rate available from money market funds.
Dan Robinson of Paradigm expressed surprise that lenders accept DeFi risks to earn approximately 3% on stablecoins, particularly those without access to treasury yields.
Tom Schmidt argues that a 'convenience yield' exists for holding assets on-chain, providing liquidity and optionality for crypto-native funds and DeFi power users.
According to Tom Schmidt, on-chain assets like stablecoins provide a censorship-resistant financial tool for individuals in countries such as Iran.
Adrian Hetman states that one of the largest use cases on the Morpho protocol is borrowing against Bitcoin for users within an exchange.
Adrian Hetman asserts there is a significant difference between DeFi Bitcoin overcollateralized lending rates and off-chain institutional Bitcoin overcollateralized lending rates.
Adrian Hetman posits that a 'liquidity discount' may exist in DeFi lending, where high liquidity allows for lower rates, rather than a traditional liquidity premium.
Adrian Hetman claims that in DeFi markets, it is possible to lend hundreds of millions of dollars at a 4% rate for as short a duration as 12 seconds.
Adrian Hetman states that borrowing Bitcoin on DeFi via Coinbase is available at approximately 4.5%, a rate significantly lower than borrowing from a traditional market maker.