#48 – Michael Bentley on Euler, credit, and natural selection
01/10/25 • 86 min
This is my conversation with Michael Bentley, the cofounder and CEO of Euler and previously a dynamical systems postdoctoral research associate at Oxford.
Timestamps:
- (00:00:00) intro
- (00:01:11) early DeFi and experiencing the 2008 crash
- (00:06:52) interest rate design and PIDs
- (00:20:40) risk management
- (00:28:27) sponsor: Splits
- (00:29:10) macro view of the world
- (00:32:27) the fundamental importance of credit
- (00:35:47) Euler protocol design
- (00:39:08) modularity and integration
- (00:54:40) network topology
- (01:10:55) natural selection and dynamical systems
- (01:26:33) outro
Links:
- Michael on X: https://x.com/euler_mab
- Michael on Medium: https://medium.com/@euler-mab
- Michael Bentley on the evolution of lending protocols: https://youtu.be/TW9Tv2Y0fkw
- Euler: https://www.euler.finance
Thank you to our sponsor for making this podcast possible:
- Splits: https://splits.org
Into the Bytecode:
- Sina Habibian on X: https://twitter.com/sinahab
- Sina Habibian on Farcaster - https://warpcast.com/sinahab
- Into the Bytecode: https://intothebytecode.com
Disclaimer: this podcast is for informational purposes only. It is not financial advice nor a recommendation to buy or sell securities. The host and guests may hold positions in the projects discussed.
This is my conversation with Michael Bentley, the cofounder and CEO of Euler and previously a dynamical systems postdoctoral research associate at Oxford.
Timestamps:
- (00:00:00) intro
- (00:01:11) early DeFi and experiencing the 2008 crash
- (00:06:52) interest rate design and PIDs
- (00:20:40) risk management
- (00:28:27) sponsor: Splits
- (00:29:10) macro view of the world
- (00:32:27) the fundamental importance of credit
- (00:35:47) Euler protocol design
- (00:39:08) modularity and integration
- (00:54:40) network topology
- (01:10:55) natural selection and dynamical systems
- (01:26:33) outro
Links:
- Michael on X: https://x.com/euler_mab
- Michael on Medium: https://medium.com/@euler-mab
- Michael Bentley on the evolution of lending protocols: https://youtu.be/TW9Tv2Y0fkw
- Euler: https://www.euler.finance
Thank you to our sponsor for making this podcast possible:
- Splits: https://splits.org
Into the Bytecode:
- Sina Habibian on X: https://twitter.com/sinahab
- Sina Habibian on Farcaster - https://warpcast.com/sinahab
- Into the Bytecode: https://intothebytecode.com
Disclaimer: this podcast is for informational purposes only. It is not financial advice nor a recommendation to buy or sell securities. The host and guests may hold positions in the projects discussed.
Previous Episode
#47 – Jake Chervinsky on regulations from first principles
This is my conversation with Jake Chervinsky, Chief Legal Officer at Variant, and previously the Chief Policy Officer at Blockchain Association and General Counsel at Compound Labs.
Timestamps:
- (00:00:00) intro
- (00:01:15) ELI5: how the US government works
- (00:10:44) DOGE and the powers of the executive
- (00:19:27) DUNAs, DAOs, and decentralized governance
- (00:27:55) how the law reacts to new technology
- (00:40:19) sponsor: Splits
- (00:41:02) incentives and philosophies of regulators
- (00:48:10) lobbying and goals for the next administration
- (01:01:58) advice for crypto founders
- (01:13:39) personal motivations
- (01:19:30) outro
Links:
- Jake on X: https://x.com/jchervinsky
- Variant Fund: https://variant.fund/
- DeFi Education Fund: https://www.defieducationfund.org/
- Fairshake PAC: https://www.fairshakepac.com/
- Blockchain Association: https://theblockchainassociation.org/
Thank you to our sponsor for making this podcast possible:
- Splits: https://splits.org
Into the Bytecode:
- Sina Habibian on X: https://twitter.com/sinahab
- Sina Habibian on Farcaster - https://warpcast.com/sinahab
- Into the Bytecode: https://intothebytecode.com
Disclaimer: this podcast is for informational purposes only. It is not financial advice nor a recommendation to buy or sell securities. The host and guests may hold positions in the projects discussed.
Next Episode
#49 – Jim Posen on cryptographic acceleration with Binius
This is my conversation with Jim Posen, the Cofounder and CTO at Irreducible.
Timestamps:
- (00:00:00) intro
- (00:01:12) getting deeper into cryptography
- (00:07:06) revisiting binary fields
- (00:15:50) building the verifiable internet
- (00:26:14) sponsor: Splits
- (00:26:57) revival of binary fields
- (00:38:55) Binius
- (00:42:46) bringing Binius to production
- (00:48:27) creating new hardware
- (00:53:57) getting to v1
- (01:02:03) Ethereum stateless proofs and zkVMs
- (01:13:21) outro
Links:
- Jim on X: https://x.com/jimpo_potamus
- Jim on Github: https://github.com/jimpo
- Irreducible: https://www.irreducible.com/
- Binius: a Hardware-Optimized SNARK: https://www.irreducible.com/posts/binius-hardware-optimized-snark
- Binary Tower Fields are the Future of Verifiable Computing: https://www.irreducible.com/posts/binary-tower-fields-are-the-future-of-verifiable-computing
Thank you to our sponsor for making this podcast possible:
- Splits: https://splits.org
Into the Bytecode:
- Sina Habibian on X: https://twitter.com/sinahab
- Sina Habibian on Farcaster - https://warpcast.com/sinahab
- Into the Bytecode: https://intothebytecode.com
Disclaimer: this podcast is for informational purposes only. It is not financial advice nor a recommendation to buy or sell securities. The host and guests may hold positions in the projects discussed.
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/into-the-bytecode-567602/48-michael-bentley-on-euler-credit-and-natural-selection-81630940"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to #48 – michael bentley on euler, credit, and natural selection on goodpods" style="width: 225px" /> </a>
Copy