How is Euler Finance becoming DeFi's global liquidity layer? Ryan Rodenbaugh chats with Michael Bentley about reimagining DeFi infrastructure through modular design, what’s driving the protocol’s high yields, and why more builders are choosing Euler as their foundation.Follow our guests: https://x.com/euler_mabhttps://x.com/eulerfinanceAnd try out Wallfacer’s latest release: https://app.vaults.fyiTimestamps00:00 - Michael’s background05:22 - Getting into crypto08:32 - The vaults.fyi app09:17 - Euler’s culture 12:12 - Screening for culture fits14:17 - Sticking around after the Euler hack17:00 - Euler v2 vs Euler v119:49 - Euler as primitive infrastructure28:54 - The case for alternative collateral 31:28 - Why Euler is a RWA project35:58 - Bootstrapping stablecoins with modular DeFi protocols39:37 - What’s driving Euler’s high yields42:51 - Balancing incentives for a mature token46:05 - Euler’s metrics for success49:30 - Why don’t protocols just launch on Euler?52:48 - DeFi and the Lindy effect55:04 - What’s next for Euler59:37 - Realizing Euler’s vision This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wallfacerlabs.substack.com