Loans that are Secure and all Priced Correctly on Chain with Lucas Vogelsang

Today we’re talking to the CEO of Centrifuge, Lucas Vogelsang. Back in 2012 everyone seemed to be pitching him on Coinbase and while he loved the idea he decided not to get involved. Lucas says he thought it would only ever be a fringe thing. Lucas had been working in startups and techs for twelve years when he decided to take some time off. He told himself that when he came back he wanted to do something harder, possibly in crypto or AI. It was 2017 when he decided to start with crypto and got sucked in. He loved the idea of money having more functionality, and so he started Centrifuge. Lucas says that before he got into crypto, he was working for a fintech startup and saw over and over how convenient and cheap access to capital was for global2000 companies. It gives them an advantage over smaller companies that have to use a bank and deal with a lot of middle men. Centrifuge wants to create a market that's open to anyone, with no middle man to put you at a disadvantage. They’re trying to open up defy to easy users, a several trillion dollar market. Lucas says most people don’t own crypto yet, they have houses, cars, and student debt. What if they could collateralize their assets, providing liquidity? It would restructure how finance works. As a business, you need money to grow, and you would usually go to a bank to get it. With the current tech, you would deal with an asset originator to essentially turn loans into a credit fund, and it’s all done on chain. The loans are secure and all priced correctly on chain. Small borrowers have a new advantage when they can go wherever the cheapest liquidity is; money just flows in defy. No more going to the bank, finding out the rate, applying, jumping through hoops, hoping they accept you. Lucas says they launched their live version on centrifuge.io in November and grew to ten million in assets. As of yesterday, Maker has on-boarded the first of these pools as collateral. Investors can now deposit some directly into Maker and get a loan. Centrifuge should be able to start on-boarding real world soon. If you're interested in learning more, visit centrifuge.io. -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.