Skip to content
Why Crypto Needs Interest Rate Swaps | Thomas Lefort episode artwork

May 28, 2026 49 min

Why Crypto Needs Interest Rate Swaps | Thomas Lefort

from Lightspeed Hosted by Blockworks

Gm! In today’s episode, we’re joined by Thomas Lefort, Co-Founder of Exponent, to discuss the evolution of onchain interest rate markets, the limitations of Exponent’s first product iteration, and the launch of Exponent V2. We cover fixed-rate DeFi infrastructure, RWAs, strategy vaults, risk management, institutional adoption, and the growing demand for more sophisticated yield products on Solana. Enjoy! -- Follow Lightspeed: ⁠https://x.com/Lightspeedpodhq Follow Exponent: https://x.com/exponentfinance Follow Thomas: https://x.com/ttrofel Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: ⁠https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) introduction (1:18) Thomas Enters Crypto (2:48) Why Exponent Exists (5:05) V1 Fixed-Rate Markets (9:36) RWAs Drive Yield Demand (14:06) Exponent V2 Rebuild (18:06) Strategy Vault Launch Partners (22:11) V2 Launch Timeline (25:41) Why Crypto Rates Lag (30:03) Managing DeFi Risk (37:07) Winning Issuer Distribution (43:59) What Assets Come Next (48:28) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.

Episode details come from the podcast's RSS feed.

Embed this episode

Ready to play

Why Crypto Needs Interest Rate Swaps | Thomas Lefort

0:00 49:31

No transcript yet.

Requests help us decide what to transcribe next.

Frequently asked questions

How long is this episode of Lightspeed?

This episode is 49 minutes long.

When was this Lightspeed episode published?

This episode was published on May 28, 2026.

Can I download this Lightspeed episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.