Manny
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that's one short-term way we're solving it.
And we've designed a system around that and I'll go live.
So that means like currencies that don't have local stable, like stable currencies that don't have depth right now.
So let's say some of the African currencies, some of even the LATAM currencies, right?
the inr is still building up like liquidity depth right and so we can do that and so the second part is actually helping these local stable coins and onboarding them and that's why we put the fx feature so people can swap into those and have and as that liquidity depth builds in they get depth too which is why then we can start building with our like what we call our chain partners or like we're working with coinbase and we're doing 27 local staple coins with coinbase
We're working with our partners in Polygon and they're building in like great local stable coins.
And that's the goal.
When you start bringing in like lots and lots of users, you can have liquidity flow into these local stable coins.
And then the beautiful thing about permissionless and a free market, curators and other people step in and say, hey, I can provide some yield for this.
I can provide yield for that.
And that's where like we think the tougher part of Blend is to solve is how do we drive local adoption to these local stable coins?
I think I would say Morpho.
I'm a big fan of the Morpho team.
They've done a really good job.
They've really like zoned in to like their mission.
They've, they've onboarded institutional curators.
They've been net positive for DeFi in general.
We've had a few scares, but you don't have some grow, you don't really get as big as Morpho without some growing pains.
Jamie, do you have another one that maybe you prefer?
That's always a good question when you're trying to build brand because that goes into the trust part of it.