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

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 background04:40 - The efficiencies of DeFi protocols09:44 - The history of crypto credit17:20 - Collateralized vs uncollateralized credit18:30 - TrueFi and Maple’s appeal21:55 - Crypto credit today21:45 - Borrowing from custodians26:38 - Communication between lenders29:03 - The pricing of risk31:25 - Why Sefton stayed in onchain credit32:20 - Cicada Partners’ founding thesis33:15 - Asset backed lending34:48 - The appetite for RWA deals37:22 - Cicada’s partnership with TrueFi40:44 - DeFi vs CeFi lending in the future44:13 - Common misconceptions in onchain credit47:51 - The future impact of onchain credit49:38 - Closing thoughts Follow Wallfacer: https://twitter.com/wallfacerlabsAnd our host, Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh https://warpcast.com/ryanrodenbaughAnd subscribe for all our other content: https://linktr.ee/wallfacerlabs This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wallfacerlabs.substack.com