Paul Frambot

speaker

486 appearances 1 recordings 1 series first heard Jul 2026 last heard 29 Jul

Paul Frambot’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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So you have one extra layer.

And Midnight goes one step further in that direction and says, hey, you know what?

The protocol should not manage the risk, but it should also not manage the rate.

And the ecosystem participants should do it.

Anyway, long way of saying that DeFi is layering.

And that's a good thing, in my opinion.

It's just going to provide us much more flexibility and much more market efficiency.

And it will give the serious institution the control they want.

I love that question because I have a strong perspective on this.

So first I would say,

So the answer is I think yes.

I think fixed rate, fixed term is the right primitive for financing.

It is a true primitive.

It is the true and it's the only true primitive.

And it's a deep, deep conviction that I have because if you have variable rate...

What does it vary on, right?

What is the function?

And the function, the answer to that is that it's arbitrary.

You rely on something to say what is the rate, which makes it not a primitive.

A primitive does not rely on anything for its existence, right?

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