2026-04-10 –, Sihl (Y24-G-55)
15% APY sounds incredible—until the protocol collapses. This talk exposes where stablecoin yields actually come from, why "sustainable" yields rarely are, and the hidden secrets nobody mentions.
Every dollar of yield comes from somewhere. But where? This talk traces yield sources across the stablecoin stack—from centralized lenders to DeFi protocols—revealing who's actually paying you and what can go wrong. I'll look into different approaches and show what sustainable yield actually looks like.
Michael Svoboda is the CEO of Liquity Protocol, a decentralized borrowing platform on Ethereum. Liquity is known for its fully decentralized and unstoppable stablecoins LUSD and BOLD. Michael has been working in the crypto space in various positions since 2017. He has a background in computer science and economics.