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Market Cap

🎥 Watch the video version: https://www.youtube.com/watch?v=G6VkjLcsXdc In this episode we talk with TN Lee from Pendle to discuss the development and maturation of financial markets. TN shares insights from his background, the inspiration drawn from…

Show Notes

🎥 Watch the video version: https://www.youtube.com/watch?v=G6VkjLcsXdc

In this episode we talk with TN Lee from Pendle to discuss the development and maturation of financial markets.

TN shares insights from his background, the inspiration drawn from traditional finance, and the experience of introducing new primitives with Pendle and Boros.

The conversation highlights the complexities of financial products, the need for user education, and the future developments for Pendle and Boros.

Chapters

00:00 Introduction to Pendle, Boros and TN
01:58 TN's Background and Motivation for Pendle
06:15 Inspiration from Traditional Finance
10:41 The Evolution of Pendle and Introduction of Boros
16:07 Understanding Delta Neutral Strategies
19:12 Market Maturation and Rate Management
21:49 Unique Elements of DeFi and Boros
24:59 Access and Complexity in Financial Products
30:39 Future Plans for Pendle and Boros
34:54 Market Reception and User Feedback
38:59 Current Market Outlook and Strategy

What is Market Cap?

Market Cap is the show for serious capital in crypto. Stefano hosts allocators, market makers, and institutional operators to unpack the flows, structures, and mechanics shaping the asset class. Conversations focus on market structure, liquidity, the bridge between TradFi and crypto, and the questions allocators are actually asking. Built for professionals who treat crypto as a market, not a meme.