#32: David Reising, Lotus Protocol | Tranched Lending and the Missing Middle in DeFi Credit

Episode Description

Today’s guest is David Reising, founder and CEO of Lotus Protocol. Ryan and David get into why isolated lending markets keep converging on the same handful of pairs, how Lotus prices risk on liquidation thresholds, and why the recent string of DeFi exploits (Aave, Resolv, Stream Finance) is forcing a real rethink of how curators underwrite collateral. They also cover productive debt and the LotusUSD base rate, what David learned relaunching hyETH on Morpho with Gauntlet at Index Coop, and the case for going direct to markets in an agentic world.

Guest Links

* David Reising: https://twitter.com/Davidareising

* Lotus Protocol: https://x.com/LotusFi_

* Lotus Labs: https://lotuslabs.net

Host Links

* Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh

* Vaults.fyi: https://vaults.fyi

* API Docs: https://docs.vaults.fyi/

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