Jan. 10, 2025

Michael Bentley on Euler, credit, and natural selection

This is my conversation with Michael Bentley, the cofounder and CEO of Euler and previously a dynamical systems postdoctoral research associate at Oxford.

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Into the Bytecode

This is my conversation with Michael Bentley, the cofounder and CEO of Euler and previously a dynamical systems postdoctoral research associate at Oxford.

Timestamps:
- (00:00:00) intro
- (00:01:11) early DeFi and experiencing the 2008 crash
- (00:06:52) interest rate design and PIDs
- (00:20:40) risk management
- (00:28:27) sponsor: Splits
- (00:29:10) macro view of the world
- (00:32:27) the fundamental importance of credit
- (00:35:47) Euler protocol design
- (00:39:08) modularity and integration
- (00:54:40) network topology
- (01:10:55) natural selection and dynamical systems
- (01:26:33) outro

Links:
- Michael on X: https://x.com/euler_mab
- Michael on Medium: https://medium.com/@euler-mab
- Michael Bentley on the evolution of lending protocols: https://youtu.be/TW9Tv2Y0fkw
- Euler: https://www.euler.finance

Thank you to our sponsor for making this podcast possible:
- Splits: https://splits.org

Into the Bytecode:
- Sina Habibian on X: https://twitter.com/sinahab
- Sina Habibian on Farcaster - https://warpcast.com/sinahab
- Into the Bytecode: https://intothebytecode.com 

Disclaimer: this podcast is for informational purposes only. It is not financial advice nor a recommendation to buy or sell securities. The host and guests may hold positions in the projects discussed.

Chapters

00:00 - intro

01:11 - early DeFi and experiencing the 08' crash

06:52 - interest rate design and PIDs

20:40 - evaluating risk in DeFi

28:27 - sponsor: Splits

29:10 - Michael's macro view of the world

32:27 - the fundemental importance of debt

35:47 - Euler's main goal

39:08 - designing with modularity

54:40 - Euler's network topology

01:10:55 - evolution theory and dynamical systems

01:26:33 - outro