Kunlun Yang, "Senior Quant" at Credmark, joins us today for a meandering conversation about around crypto, crypto lending, tradfi, DeFi, regulation, trust, risk management, Kunlun's experience in getting into crypto, and a whole lot more!

This was a great opportunity to pick the brain of a highly experienced, knowledgeable expert.  Kunlun shares his views on why "the code is law", why crypto has (or doesn't have) value, usability and adoption by the broad mass of financial services consumers, open vs closed systems...too many areas to list here.  Check it out if you're looking for a week's worth of insights from a consummate crypto finance professional.

A few relevant links from our discussion:

Market Risk Regulation - the Bank of England Prudential Risk Authority: SS13/13 Market Risk Supervisory Statement
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/supervisory-statement/2020/ss1313update.pdf

Curve Pool Reentrancy Exploit Postmortem July 30th, 2023
https://hackmd.io/@LlamaRisk/BJzSKHNjn

The Saga of Curve Finance: DeFi's Intricate Landscape
https://dewhales.substack.com/p/the-saga-of-curve-finance-defis-intricate

"An alternative take on why Silicon Valley Bank failed"
https://www.schroders.com/en-us/us/intermediary/insights/an-alternative-take-on-why-silicon-valley-bank-failed/

"Why do banks invest in MBS?"
https://pages.stern.nyu.edu/~pschnabl/research/DSS_SVB.pdf

Some DeFi risk links:
1.  LlamaRisk: https://cryptorisks.substack.com/
2.  Credmark's DeFi models: https://credmark.com/product?defiApi=true#learnmore 

You can find Kunlun on X/Twitter at @leafyoung and on LinkedIn at https://www.linkedin.com/in/leafyoung/

The Crypto Credit Association (CCA) is an industry nonprofit representing the global crypto lending sector.  Visit us at https://cca.finance / hjttps://cryptocreditassociation.org, on LinkedIn at https://www.linkedin.com/company/cryp... - join the CCA to include your voice in the growing crypto credit community!

Intro/outro music:  Angelical Pad, courtersy of Luca di Alessandro
https://pixabay.com/sound-effects/angelical-pad-143276/