Crypto Collateral vs RWA Collateral

Crypto is still just 1% the size of TradFi—so how does it compete on credit? This episode dives into Wildcat and ViFi, two very different takes on under-collateralized lending. Wildcat acts as a marketplace for private credit, giving borrowers control to design their own markets. VIFI builds yield from FX swaps and bets on emerging market inflation. Both projects challenge the norms of capital efficiency, credit scoring, and composability in DeFi. It's a candid conversation on risk, transparency, and what might actually work in a decentralized future. Speakers: Andreas Fletcher - Wildcat Finance Varoun H - Co-founder ViFi Labs Moderator: Ivan Fartunov - Aragon --- 00:00 DeFi Credit Tradeoffs 00:46 Comparing Crypto vs TradFi 01:28 VIFI's FX Yield Strategy 03:16 Borrower Incentives on Wildcat 04:29 How Wildcat Markets Work 06:32 Credit Ratings in DeFi 08:05 Collateral and Legal Risk 09:54 Risk-Adjusted Yield Comparison 11:27 Borrower Use Cases 12:36 Composability in Credit Markets 15:30 Handling Black Swan Events 17:10 Managing Risk with Transparency --- Explore Upcoming Events 👇 ➣ Stable Summit III: Devconnect • Website: https://www.stablesummit.xyz/ • Email: info@stablesummit.xyz • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/devconnect2025?typeform-source=www.stablesummit.xyz ➣ Stablecoin Summit: Singapore by XREX & Unitas • Website: https://stablecoinsummit.com/ • Email: team@stablecoinssummit.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/stblcoin3?typeform-source=stablecoinsummit.com ➣ Blockchain Oracle Summit: Devconnect • Website: https://blockchainoraclesummit.io/ • Email: info@partyactionpeople.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/BOS25apply ➣ Listen to the Stable School Podcast Link: https://stableschool.org/podcast ➣ Follow Stable Summit on X Link: https://x.com/stable_summit — About: By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.