Bitcoin DLC Self Custodial Finance with Philipp Hoenisch of 10101 SLP554
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What applications exist for Bitcoin self custodial finance? Philipp Hoenisch, founder of 10101 (pronounced ten-ten-one) joins me on the show to talk about bitcoin trading without counterparty risk. We discuss:

• DLC overview and basics

• DLC channels and lightning

• 10101 walkthrough

• “Funding rate”

• Synthetic stablecoins

• For individuals or business?

• Risks and things can break down

Prior Episodes:

• SLP349 Chris Stewart Bitcoin DLCs & Stablechannels)

• SLP219 Nadav Kohen – What You Should Know About Bitcoin DLCs)

• SLP519 Self Custodial Bitcoin Finance with Matthew Black of Atomic Finance)

Links:

• X: @bonomat)

• X: @get10101) 

• Site: 10101.finance)

Sponsors:

• Swan.com) (code LIVERA)

• CoinKite.com) (code LIVERA)

• Mempool.space)

• Nomadcapitalist.com)

Stephan Livera links:

• Follow me on X: @stephanlivera)

• Subscribe to the podcast)

• Subscribe to Substack)

Timestamps/Chapters:

• 00:00 - Introduction and Background

• 05:58 - The Concept of Discrete Log Contracts (DLCs)

• 10:28 - Non-Custodial Trading and DLC Channels

• 12:46 - Using the 10101 App

• 21:32 - Expiry and Funding Rates

• 26:01 - NomadCapitalist.com

• 27:47 - Coinkite.com

• 28:57 - Market Makers and Trade Sizing

• 32:05 - Limits and Future Plans

• 35:55 - Security and Hardware Wallets

• 37:41 - Non-Degen Uses for 10101

• 38:50 - Comparison of Stable Coin Concepts

• 41:58 - High Interest Rates and Risks

• 48:33 - Swan.com

• 49:42 - Mempool.space

• 50:44 - Comparison of Stable Value Options

• 56:49 - Technical Complexity and Education

• 58:43 - Future of the 10101 App

• 01:00:45 - Reasons for Lack of Non-Custodial Finance Adoption

• 01:03:56 - Closing Thoughts