223. TBR - How to Introduce A DeFi Primitive to Bitcoin | Interview w/ Jakob Schillinger, CEO of Hermetica’s USDh Stablecoin
The Bitcoin DeFi ecosystem is in its infancy stage as the technical infrastructure for DeFi functionality are only being discovered and brought to market. However, the potential value this industry can bring to the Bitcoin and broader web3 ecosystem is tremendous. We speak with the Founder and CEO of Hermetica who is building a stablecoin primitive on Bitcoin using the value of Bitcoin itself in the stability mechanism. This is a dream in the eyes of Bitcoin believers since it marks a separation away from the dependencies of the fiat system to introduce stability for synthetic versions of the dollar. Also, a stablecoin native to the Bitccoin ecosystem will introduce tremendous support for Bitcoin DeFi and act as a catalyst for an ecosystem of development to build on top of this foundational pillar. How Hermetica achieves stability through Bitcoin is discussed with the introduction of their perpetuals futures balancing mechanism that ensures no matter what side Bitcoin trades value wise, the pegged USDh will always remain valued at a dollar. Topics First up, who is Jakob Schillinger and how did he get into the web3space? Next, what is Hermetica and how can it contribute with the DeFi ecosystem and Finally, How Hermetica achieves stability through Bitcoin is discussed with the introduction of their perpetuals future Please like and subscribe on your favorite podcasting app! Sign up for a free newsletter: www.theblockrunner.com Follow us on: Youtube: https://bit.ly/TBlkRnnrYouTube Twitter: bit.ly/TBR-Twitter Discord: bit.ly/TBR-Discord