RWAs Are the Missing Collateral Layer in DeFi Lending | Jonathan Han, Euler Labs — S2 E6
DeFi Drip Podcast | Tokenized Assets & Onchain FinanceShow Notes
DeFi lending has always run on crypto-native collateral. Jonathan Han, CEO of Euler Labs, argues that's a structural problem — correlated assets move together in a downturn, creating cascading liquidations. RWAs fix that by providing a critical layer of diversification.
Recorded live at the RWA Summit in Cannes for Season 2 of DeFi Drip, Adam Bawi, Director of BD at Centrifuge, sits down with Jonathan to break down Euler's modular vault architecture, the deSPXA integration, and why building a transparent risk framework for RWA collateral is the most important challenge in DeFi lending right now.
IN THIS EPISODE 👇Euler's comeback: from a $200M hack to $4B in deposits Modular vs monolithic vault architecture — and why modularity wins for institutions How Kraken Earn built on Euler and hit $100M in deposits in months deSPXA live on Euler: the first tokenized licensed S&P 500 as collateral Why RWAs provide the non-correlated diversification DeFi lending needs Looping strategies for shorter duration RWA assets — what's coming The next collateral categories: tokenized commodities, gold, and yield-bearing stablecoins Why risk frameworks are the most important unsolved problem in RWA lending
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