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Here’s Why Bitcoin Yield on L2s Are Drying Up, According to Two Prime

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Everyone who finishes it gets a free month of Premium, Unchained or Bits + Bips, your pick. Open through Sunday, November 8. — Laura In this episode of Unchained Premium, Alexander Blume, co-founder and CEO of Two Prime, and Matteo Pandolfi, co-founder and CEO of Pareto, joined Laura to talk about the Bitcoin lending vault their firms built together.

The conversation covers why Matteo thinks the principles behind institutional credit don't need reinventing but its infrastructure does, and how Two Prime gathers wrapped bitcoin onchain while lending it offchain to vetted borrowers, as it has with about $4 billion in Bitcoin-backed loans. They also cover how the vault's receipt token plugs into Morpho for looping.

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