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Will DeFi Matter in a Post-Coronavirus World? Feat. Matt Luongo

Keep Project founder Matt Luongo discusses launching a bridge between bitcoin and ethereum as well as what the world looks like for BTC and DeFi after COVID-19.

Updated Sep 14, 2021, 8:25 a.m. Published Apr 3, 2020, 7:00 p.m. 1 min read
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Keep Project founder Matt Luongo discusses launching a bridge between bitcoin and ethereum (ETH) as well as what the world looks like for BTC and DeFi after COVID-19.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Matt Luongo got his start in bitcoin in 2013. In 2016, he watched a pivotal moment where the "sound money, digital gold" narrative subsumed the payments use case for bitcoin. While he agreed, ultimately, with the importance of bitcoin as a new reserve asset, he still wanted to build and found his way to ethereum.

See also:Corporate Socialism to Dying for the Dow: 7 Themes That Defined the Week

Now his company is launching tBTC, a trust-minimized bridge between bitcoin and ethereum. Among other uses, it is a new solution to enabling bitcoin to be used as collateral in DeFi applications.

In this conversation, Matt and @NLW discuss these narrative shifts, as well as what the role and narrative for DeFi might be in a post-coronavirus crisis world.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.

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  • U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
  • Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...