Stablecoins were phase one. Tokenized RWAs were phase two. Ben Nadareski, CEO and founder of Solstice, joins Taka and Lisa to make the case for phase three: tokenized yield – professional-grade yield strategies, on chain, accessible to institutions and retail investors through the same infrastructure.

Ben breaks down how Solstice built a $500 million liquidity protocol on Solana, why they run their delta-neutral strategy on centralised exchanges instead of DeFi protocols, and what a four-and-a-half year trading track record actually looks like when you bring it on chain.

The conversation also covers the recent wave of DeFi exploits – including the Drift hack and Kelp DAO – and why Ben thinks the problem isn't DeFi itself, but protocols that treat security as a tech problem rather than a financial management one. He walks through the three due diligence checks every DeFi investor should run before depositing capital, from proof-of-reserves attestations to multi-sig configurations.

Plus: why Solstice launched its SLX governance token only after the business was already profitable, what Lisa looks for when advising early-stage protocols, and Ben's take on why the Solana Foundation is outperforming its L1 peers right now.

More at Blockhead.co and join us on Telegram to stay up to date with the latest news.

🎙️ Hey there, Blockcast listeners! 🎙️ This podcast provides commentary and discussion on cryptocurrency and related topics. It is intended for informational and entertainment purposes only and should not be construed as financial advice. Guests appearing on this podcast may discuss companies or strategies, but these discussions are not recommendations to buy, sell, or hold any particular asset or pursue any specific strategy. The hosts and guests are not financial advisors, and listeners are urged to consult with a qualified professional before making any investment decisions. Investments in cryptocurrency are inherently risky, and you could lose money.

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