Arkadiko on Designing a Stablecoin and Opportunities in Bitcoin Defi

In the latest episode of Web3 on Bitcoin Explained, Hiro’s Developer Advocate Max Efremov sits down with Philip De Smidt, the Founder and core contributor of Arkadiko, one of the earliest DeFi applications on Stacks that enables users to mint an overcollateralized stablecoin called USDA. Over the course of 50 minutes, the two discuss how Arkadiko works, what goes into the design of a stablecoin peg, and what new opportunities exist for builders in Bitcoin DeFi.
Check out Arkadiko: arkadiko.finance/
Follow Arkadiko on Twitter: / arkadikofinance
Follow Philip on Twitter: / philipdesmedt
Learn more about Hiro: www.hiro.so/
Follow Hiro on Twitter: / hirosystems
Follow Max on Twitter: / maxefremov
0:00 Introduction
0:52 Does Arkadiko use Hiro tooling?
2:58 An overview of Arkadiko
4:46 Unpacking Arkadiko’s stablecoin USDA
6:15 Self-repaying loans
11:30 How Arkadiko pays out PoX rewards
13:44 Arkadiko’s traction
17:35 Why Arkadiko built a stablecoin on Stacks
22:40 Designing a stablecoin peg
28:30 How to get in touch with Arkadiko
30:18 DeFi opportunities in Bitcoin
31:30 Liquid staking derivatives
40:38 Money markets
49:15 The future of Bitcoin
52:35 Conclusion

[@alpaykasal2902]

This was great! thanks guys.

[@nabubito]

Bro these videos are so ahead of their time. Bitcoin defi is the only way to financial freedom

[@hovelino]

For a new investor this is / was so interesting.

[@tristanheusinkveld6339]

Sht.. you guys could be brothers😂 or am i the only one seeing this??