Sovryn's Edan Yago on Building Bitcoin DeFi; Slower Growth But Strongest Foundation

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By Camila Russo. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Edan Yago is a co-founder of Sovryn, a Bitcoin-based lending protocol. He’s maybe the first Bitcoin builder we have had on our show and that’s because DeFi on the first blockchain network has been slow to pick up — but Edan says that’s about to change. Ethereum and other smart contracts platforms have evolved over time with use cases like tokens, DAO’s and NFTs flourishing. Meanwhile, Bitcoin has mainly looked from the sidelines. Edan says there has been a gradual mentality shift, as Bitcoiners accept the first cryptocurrency should be able to support a wider array of use cases to become the backbone of a more decentralized financial system.

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