In episode 9 of Layer One, @imyoungsparks and @stvngts were joined by @nomos_paradox, Founder of @ChronicleLabs and @RhettShipp, CEO of @avantprotocol. They break down the current state of DeFi and what’s actually holding the industry back, arguing that core primitives are already built and the real unlock lies in tokenized assets, improved liquidity, and tighter integration with traditional finance. The group also touched on: • Stablecoin economics • DAO limitations • Onchain credit markets • What founders need to succeed OUTLINE 00:00 - Intro 01:11 - Getting into DeFi 04:38 - Early MakerDAO days 08:43 - Where value accrues 12:23 - Yield and stablecoins 17:56 - How DeFi yield works 23:34 - SubDAOs and governance 30:33 - Need for new primitives 36:25 - Tokenized assets unlock 53:55 - Founder advice