#10: Sefton Kincaid, Cicada Partners | The past, present and future of onchain credit Wallfacer Labs Podcast

In our latest podcast, we sat down with Sefton Kincaid of @cicadacredit!
We discussed the past, present and future of onchain credit, as well as Cicada’s recent partnership with @TrueFiDAO 🎙️

00:00 - Sefton’s background
04:40 - The efficiencies of DeFi protocols
09:44 - The history of crypto credit
17:20 - Collateralized vs uncollateralized credit
18:30 - TrueFi and Maple’s appeal
21:55 - Crypto credit today
21:45 - Borrowing from custodians
26:38 - Communication between lenders
29:03 - The pricing of risk
31:25 - Why Sefton stayed in onchain credit
32:20 - Cicada Partners’ founding thesis
33:15 - Asset backed lending
34:48 - The appetite for RWA deals
37:22 - Cicada’s partnership with TrueFi
40:44 - DeFi vs CeFi lending in the future
44:13 - Common misconceptions in onchain credit
47:51 - The future impact of onchain credit
49:38 - Closing thoughts 

Follow Wallfacer: https://twitter.com/wallfacerlabs

And our host, Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh 
https://warpcast.com/ryanrodenbaugh

And subscribe for all our other content: https://linktr.ee/wallfacerlabs