A Look into DeFi On Tezos with Harbinger
What is Tezos’s opportunity and strength in the DeFi landscape?
In this Session, TQ Tezos ’s Co-founder Jacob Arluck led an in-depth discussion about the architecture of DeFi platforms with Luke Youngblood, Founder, and CEO of Blockscale, and Keefer Taylor, CEO of Tessellated Geometry. Luke mentioned that the current DeFi landscape on Tezos is years ahead of the other networks because of its Proof of Stake consensus layer. Keefer gave a detailed presentation of Harbinger, a self-sustaining price oracle that generates accurate on-chain pricing data.
The highlight of this Session is the very first glimpse of a new stablecoin on Tezos, Kolibri (or kUSD), which is secured by the Harbinger price oracle and can be minted by any XTZ holder or staker. Users can even use baking rewards to mint kUSD, so, according to Luke “you never lose the value of your underlying Tezos that you’re still holding.”
Stream this Session to learn more about the development of the DeFi landscape on Tezos.
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Session Notes
0:30
TQ Tezos’s Co-founder Jacob Arluck had a moderated discussion with Luke Youngblood, Founder and CEO of Blockscale, and Keefer Taylor, CEO of Tessellated Geometry.
Luke and Keefer give us a brief introduction.
2:13
Luke gives us a detailed presentation of the Tezos DeFi Roadmap.
11:00
Luke mentions that Harbinger is currently in the on-chain oracles process.
11:45
Luke talks about Dexter and wrapped assets.
13:03
Deep dive in Harbinger, a self-sustaining price oracle for Tezos.
17:10
Keefer presents Harbinger’s architecture.
26:46
Luke introduces Kolibri, a new stablecoin, kUSD, on Tezos.
29:23
Keefer introduces Kolibri’s architecture.
34:25
Audience Q&A Session:
Moderator Jacob asks Luke and Keefer questions from community members.
Q: What are some considerations you need to take in building Kolibri?
38:15
Q: There are talks about ETH 2.0, if ETH 2.0 is released, does Tezos still have the upper hand on the technology?
40:04
Q: What do you think about slippage on a dex? The incentive for liquidity providers or roadblock to user adoption.
42:18
Q: Can you briefly compare and contrast Chainlink with Harbinger? I believe Chainlink is a solution that is not self-sustaining. Is this correct?
44:50
Q: Are there risks with using price feeds from Coinbase and OKex etc? Do you plan to use several feeds within limits so that 1 price feed glitch won't throw off the average?
49:58
Q: Are you planning on implementing some sort of governance tokens to steward the project? If not, what’s your reasoning?
51:17
Q: Can you discuss some other assets you see could be pegged to XTZ as well?
52:58
Q: Will Kolibri be able to have different versions of it? Sort of like how Dai has Chai which is basically interest-bearing Dai?
54:07
Q: What are the similarities and differences between Kolibri and the checker (or usdtz)?
56:10
Closing remarks
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