In this episode of The Pomp Podcast, Anthony Pompliano interviews Mike Cagney, focusing on innovative financial products and the integration of blockchain technology in traditional finance. Cagney explains the concept of a Bitcoin HELOC, where Bitcoin is used as collateral for loans, and introduces YLDS, a novel type of stablecoin designed to facilitate fiat rails on public chains. The discussion covers the automation of lending processes, cross-collateralization opportunities, and the evolving perspective of institutions towards blockchain technology. Cagney envisions a future where financial markets operate 24/7, enabled by blockchain and AI, and emphasizes the importance of democratizing prime lending by disintermediating traditional allocators of capital.
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