What applications exist for Bitcoin self custodial finance? Philipp Hoenisch, founder of 10101 (pronounced ten-ten-one) joins me on the show to talk about bitcoin trading without counterparty risk. We discuss:

• DLC overview and basics


• DLC channels and lightning


• 10101 walkthrough


• “Funding rate”


• Synthetic stablecoins


• For individuals or business?


• Risks and things can break down

Prior Episodes:

• SLP349 Chris Stewart Bitcoin DLCs & Stablechannels


• SLP219 Nadav Kohen – What You Should Know About Bitcoin DLCs


• SLP519 Self Custodial Bitcoin Finance with Matthew Black of Atomic Finance

Links:

• X: @bonomat


• X: @get10101 


• Site: 10101.finance

Sponsors:

• Swan.com (code LIVERA)


• CoinKite.com (code LIVERA)


• Mempool.space


• Nomadcapitalist.com

Stephan Livera links:

• Follow me on X: @stephanlivera


• Subscribe to the podcast


• Subscribe to Substack

Timestamps/Chapters:

• 00:00 - Introduction and Background


• 05:58 - The Concept of Discrete Log Contracts (DLCs)


• 10:28 - Non-Custodial Trading and DLC Channels


• 12:46 - Using the 10101 App


• 21:32 - Expiry and Funding Rates


• 26:01 - NomadCapitalist.com


• 27:47 - Coinkite.com


• 28:57 - Market Makers and Trade Sizing


• 32:05 - Limits and Future Plans


• 35:55 - Security and Hardware Wallets


• 37:41 - Non-Degen Uses for 10101


• 38:50 - Comparison of Stable Coin Concepts


• 41:58 - High Interest Rates and Risks


• 48:33 - Swan.com


• 49:42 - Mempool.space


• 50:44 - Comparison of Stable Value Options


• 56:49 - Technical Complexity and Education


• 58:43 - Future of the 10101 App


• 01:00:45 - Reasons for Lack of Non-Custodial Finance Adoption


• 01:03:56 - Closing Thoughts