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Why tokenized assets are DeFi’s biggest unlock

Why tokenized assets are DeFi’s biggest unlock

The BlockThe Block2026/03/18 16:21
By:The Block

Episode 9 of Layer One, hosted by The Block's Kelvin Sparks and Hypha founder Steven Gates, was recorded with Rhett Shipp, CEO of Avant, and Niklas Kunkel, founder of Chronicle.

Listen below, and subscribe to Layer One on or wherever you listen to podcasts.

In Episode 9 of Layer One, The Block’s Kelvin Sparks and Hypha founder Steven Gates were joined by Nicholas Kunkel (Chronicle) and Rhett Shipp (Avant) to break down the current state of DeFi and what’s actually holding the industry back. They argue that core primitives are already built, and the real unlock lies in tokenized assets, improved liquidity, and seamless integration with traditional finance.

OUTLINE
00:00 - Intro
01:11 - Getting Into DeFi
04:38 - Early MakerDAO Days
08:43 - Where Value Accrues
12:23 - Yield and Stablecoins
17:56 - How DeFi Yield Works
23:34 - SubDAOs and Governance
30:33 - Do We Need New Primitives
36:25 - Tokenized Assets Unlock
53:55 - Founder Advice

GUEST LINKS
Rhett Shipp -
Avant -
Niklas Kunkel -
Chronicle -

HOST LINKS

Steven Gates -
Kelvin Sparks -

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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