Risk-Free Yield: Building the Fixed Income Layer of DeFi

Описание: Is “risk-free yield” a myth in crypto or can DeFi build its own bond market? This panel brings together builders from IPOR, Covenant, Spectra, Molecula, and Index to discuss stablecoin-backed protocols, yield benchmarks, and the need for transparency. They break down the complexity of onchain rates, operational risk, and the evolving role of tokenized assets like treasuries and commodities. Expect sharp takes on Tether, decentralized governance, and why “stable” doesn’t always mean safe.

Alan Hampton, CEO and Founder, Covenant
Darren Camas, CEO, IPOR
Gaspard Peduzii, Founder, Spectra
Yaroslav Shakula, Founder, Molecula
Stefan Rust, Founder, Index

Moderator: Matthias Egli, Co-Founder & CTO, ChainSecurity

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00:00 Introductions and Overview
01:56 Project Intros: IPOR, Covenant, Spectra
04:23 What Risk-Free Yield Means
07:18 Setting Hurdle Rates and Benchmarks
09:26 Market Pricing in DeFi
13:36 Incentives, Points, and VC Yield
16:17 Stablecoins and Collateral Complexity
21:52 Tether, Liquidity, and Tokenized Assets
25:39 Hidden and Operational Risk
31:21 TradFi vs DeFi Risk Profiles
34:50 Fragmented Onchain Yield Rates
42:07 Institutional Access and Infrastructure

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About:
By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.