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