<p>Episode Description</p><p>Today’s guests are Arthur Breitman (co-founder of Tezos), Owen (Hasheur) Simonin (CEO of Meria), and Dmitriy Kovalevskiy (founder of Hanji). Recorded live at TezDev 2026 in Cannes, the panel covers why crypto yields remain structurally higher than traditional markets, the real obstacles keeping fintechs from offering DeFi yield, and whether tokenized commodities or tokenized stocks will drive the next wave of adoption.</p><p>Guest Links</p><p>* Arthur Breitman: <a target="_blank" href="https://twitter.com/ArthurB">https://twitter.com/ArthurB</a></p><p>* Tezos: https://tezos.com</p><p>* Etherlink: https://etherlink.com</p><p>* Owen Simonin (Hasheur): <a target="_blank" href="https://twitter.com/PowerHasheur">https://twitter.com/PowerHasheur</a></p><p>* Meria: https://meria.com</p><p>* Dmitriy Kovalevskiy: <a target="_blank" href="https://twitter.com/dmitrytez">https://twitter.com/dmitrytez</a></p><p>* Hanji: https://hanji.io</p><p>Host Links</p><p>* Ryan Rodenbaugh: <a target="_blank" href="https://twitter.com/ryanrodenbaugh">https://twitter.com/ryanrodenbaugh</a></p><p>* Vaults.fyi: https://vaults.fyi</p><p>Subscribe and share with friends:</p><p>* <a target="_blank" href="https://www.wallfacer.io/podcast"><strong>https://www.wallfacer.io/podcast</strong></a> ← Apple, YouTube, Spotify, and more!</p><p>Timestamps</p><p>* <strong>[00:00]</strong> Introductions</p><p>* <strong>[00:33]</strong> What’s still holding fintechs back from offering DeFi yield</p><p>* <strong>[02:02]</strong> Why crypto yields are structurally higher than traditional markets</p><p>* <strong>[03:35]</strong> Two types of yield seekers: high yield chasers vs. reliability seekers</p><p>* <strong>[04:26]</strong> Celsius, Resolv, and the new wave of on-chain risk</p><p>* <strong>[07:08]</strong> Fixed-term lending: is there real demand beyond institutions?</p><p>* <strong>[09:28]</strong> RWAs in the earn stack: commodities vs. real estate vs. T-bills</p><p>* <strong>[12:06]</strong> Retail is attention-driven: the case for adding oil and macro assets</p><p>* <strong>[13:25]</strong> Collateral diversity and why it starts with user demand</p><p>* <strong>[14:27]</strong> The Robinhood of DeFi yield and Meria’s approach</p><p>* <strong>[16:07]</strong> Regulator conversations: custody, staking risk categories, and MiCA</p><p>* <strong>[19:46]</strong> Who are your users in two years? B2B2C, crypto natives, and new populations</p><p>* <strong>[23:53]</strong> Etherlink’s DeFi growth and vaults.fyi integration</p><p>* <strong>[24:04]</strong> Stablecoins as the onramp: why DEX trading will be easier than brokerage trading</p><p>* <strong>[25:25]</strong> Tokenized stocks: the NVIDIA problem and long-tail assets</p><p>* <strong>[29:23]</strong> Building the everything-app vs. staying specialized</p><p>* <strong>[31:30]</strong> What each panelist is most excited about in crypto right now</p> <br/><br/>This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://wallfacerlabs.substack.com?utm_medium=podcast&#38;utm_campaign=CTA_1">wallfacerlabs.substack.com</a>