Programmatic Monetary Policy for Protocols with Max Einhorn of Valence

28/06/2024 1h 2min

Listen "Programmatic Monetary Policy for Protocols with Max Einhorn of Valence"

Episode Synopsis

Valence enables programmatic economic relationships between protocols. This allows crypto-native institutions (e.g., appchains & DAOs) to engage in complex financial interactions.Valence is live today with two sub-protocols in private beta: The Rebalancer lets protocols set desired portfolio targets and efficiently rebalance over time. Covenants enable crypto-native institutions to lend protocol-owned liquidity (POL).A key innovation is the ability to create POL markets, which is crucial for restaking. Valence ensures AVSs know exactly how much liquidity they will receive, making restaking protocols more attractive and generating new revenue sources.Valence is to liquidity what EigenLayer is to security. Beyond restaking, Valence enhances alignment between ecosystems and drives the future of the decentralized economy.Learn how Valence’s crypto-native institutional debt markets improve cross-ecosystem alignment and drive the future of the DeFi economy.Consider staking with Interop VenturesTOPICS00:00 Introduction 02:06 Building Timewave & Valence 07:37 Valence Endgame 13:05 Bringing Institutional Capital to Crypto16:55 What Valence Enables 22:09 Rebalancer24:53 Covenants31:04 Expressing Intent 38:16 Valence Architecture 41:07 Cosmos Hub Outlook 52:17 Protocol Monetary Policy 58:10 Final ThoughtsLINKSValence ProtocolGUESTSMax on TwitterSOCIAL MEDIASebastien CoutureThe Interop

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