Financial Engineering in DeFi

on YouTube ↗08m

" summary

Explains how DeFi adapts two traded TradFi tricks—down-and-in puts and the worst-of feature—to boost yield while multiplying tail and correlation risk, and why principal-protected notes fail when funding relies on uncollateralized loans. Describes replacing that funding with liquid staking via Lido stETH plus interest-rate swaps to lock funding costs, and announces a live Ribbon structured product that is fully on-chain, claims no credit risk, offers 0.5% base APY with up to 14% bonus, and keeps weekly liquidity.

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