# On-Chain Undercollateralised Credit: Banking but Worse | Laurence Day - The Wildcat Protocol

- Speakers: [Laurence Day](https://streameth.org/speakers/laurence-day)
- Channel: [Ethereum Denver](https://streameth.org/ethereum-denver)
- Date: 2024-10-09
- Duration: 12:35
- Topics: blockchain, web3, ethereum, Entertainment
- Watch: https://streameth.org/watch/yt-8nq9j49lAXY
- YouTube: https://www.youtube.com/watch?v=8nq9j49lAXY

## Description

Folk in DeFi have long accepted 'don't trust, verify' as a core tenet. Lending is primarily overcollateralised, which reduces risk but constrains growth. In this talk, we'll look at using DeFi as a mechanism for extending credit, as well as the myriad concerns surrounding it.

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