All right, all you good, wonderful citizens of Crip Nation, welcome back to another action-packed episode of the Crypto 101 podcast.

I'm Bryce, as always, joined by Brendan. How are you doing,

man? Doing great, Bryce. Excited to talk a little bit more about the great world of defy.

Yes, the world of defy. It is great. It is confusing at times. It's overwhelming at times,

especially, you know, if you're just entering the market and you hear all these terms, they might throw you off. But we're actually bringing, and this is, that was not supposed to be a pun, we're bringing on the founder of term finance actually right now. Who's not going to use any confusing terms. He's going to boil it all down for us. It's going to be cryptoo 101 style. We've got Dion Choo, founder of term finance, joining us today to walk us through his protocol

and what he's building.

Dion, welcome the Crypto 101 podcast.

How are you doing today?

Thank you.

Very good.

Thanks for having me.

Very excited to be on the podcast, talk to your audience, and tell you guys a little bit

about term and, you know, my views on the state of lending in the defy markets. Yes, the defy

markets are crazy. The lending markets are crazy. And you actually worked, just to kind of catch up

the audience, you worked as a market maker in U.S.

Treasuries. So, you know, the most liquid market in the world, you were, you know, on the

sell side, you were working, I believe, with D.E. Shaw. Can you tell us a little bit about

your background and why you're the perfect guy to really nail the formula here for for defy

lending markets yeah absolutely so start from the beginning started my career after college

at d e shaw here in new york spent a couple of years there, but was interested in public policy. So decided to

move down to Washington, D.C., joined the Federal Reserve, Port of Governors, and the Division of

Monetary Affairs was there from 07 to 09, so bracketing the financial crisis. Wow. Certainly

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