# Tokenising Yield with Institutional-grade Infrastructure

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-10-07
- Duration: 10:21
- Watch: https://streameth.org/watch/yt-oIhxkOajsMY
- YouTube: https://www.youtube.com/watch?v=oIhxkOajsMY

## Description

“Tokenizing a JPMorgan fund without a use case is worse than TradFi.”

Tokenizing yield only works if it’s composable. Meters built a 30% APY system on top of T-bills and DeFi infrastructure without incentives or hype. In this talk at Stable Summit, Dennis outlines “stake liquidity,” a first-of-its-kind pool that solves redemption at scale and improves capital efficiency. If you care about real DeFi infrastructure, this is a must-listen.

Speaker:
Dennis Dinkelmeyer, Co-Founder & CEO, Midas

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00:00 Intro at Stable Summit
00:55 Meters Overview and Philosophy
01:25 Tokenizing Actively Managed Yield
03:18 Composability in Action with Pendle
04:11 MEV Token Performance and Strategy
05:05 World’s First Stake Liquidity Pool
06:52 Redemption Fee Model Explained
07:48 Private Credit Fund Announcement
08:41 Infrastructure-as-a-Service Offering
09:33 White-Labeled Vaults and Partnerships
09:58 Closing Thoughts and Contact Info

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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.