In this episode, host Sri Misra speaks with Yat Siu of Animoca Brands about why over-collateralized lending is fundamentally misaligned with mass adoption and how on-chain reputation, identity, and trust scores could unlock unsecured credit in crypto.
Yat draws parallels with the real world: jobs, education, credit cards all systems that work because we take calculated risks on people. He explains how mechanisms like airdrops already resemble early forms of unsecured credit and why scaling this model could open up a multi-trillion dollar market on chain.
Why over-collateralization excludes users
Reputation vs collateral in DeFi lending
On-chain identity as a credit primitive
How trust reduces friction, KYC, and cost
Why unsecured credit is key to real adoption
Full episode at: unhashed.co/yatsiu
