<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Castle Labs: Castle Labs Podcast]]></title><description><![CDATA[Bringing you the sharpest insights and the highest value guests across all things digital assets from the research firm you know and love.]]></description><link>https://research.castlelabs.io/s/castle-labs-podcast</link><image><url>https://substackcdn.com/image/fetch/$s_!-0ou!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2243c449-4815-45a4-bc66-72e2bd0d8ab5_500x500.png</url><title>Castle Labs: Castle Labs Podcast</title><link>https://research.castlelabs.io/s/castle-labs-podcast</link></image><generator>Substack</generator><lastBuildDate>Mon, 12 Oct 2026 18:58:41 GMT</lastBuildDate><atom:link href="https://research.castlelabs.io/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Castle Labs]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[hello@castlelabs.io]]></webMaster><itunes:owner><itunes:email><![CDATA[hello@castlelabs.io]]></itunes:email><itunes:name><![CDATA[Castle Labs]]></itunes:name></itunes:owner><itunes:author><![CDATA[Castle Labs]]></itunes:author><googleplay:owner><![CDATA[hello@castlelabs.io]]></googleplay:owner><googleplay:email><![CDATA[hello@castlelabs.io]]></googleplay:email><googleplay:author><![CDATA[Castle Labs]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[M0: Building the Internet Dollar with Laert Skreli]]></title><description><![CDATA[Stablecoins are becoming app-specific dollars.]]></description><link>https://research.castlelabs.io/p/m0-building-the-internet-dollar-with-499</link><guid isPermaLink="false">https://research.castlelabs.io/p/m0-building-the-internet-dollar-with-499</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Wed, 07 Oct 2026 15:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048698/ee21485d973d34db893ce050157797d0.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Stablecoins are becoming app-specific dollars.&nbsp;</p><p>Apps, wallets, and fintechs are launching their own dollars, giving them more control over the economics, rewards, and user-retention loops behind their products.&nbsp;</p><p>In this episode, we discussed this evolution with @laert and how @m0 is helping to drive it.&nbsp;</p>]]></content:encoded></item><item><title><![CDATA[On Raydium, Solana, Stocks, and Memes]]></title><description><![CDATA[Raydium has been one of Solana's key protocols; its infrastructure is now fundamental to tokenised stocks, which have taken over Solana.]]></description><link>https://research.castlelabs.io/p/on-raydium-solana-stocks-and-memes-7aa</link><guid isPermaLink="false">https://research.castlelabs.io/p/on-raydium-solana-stocks-and-memes-7aa</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Wed, 30 Sep 2026 15:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048699/4366d24771577eb47cad2e8dbb745017.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Raydium has been one of Solana's key protocols; its infrastructure is now fundamental to tokenised stocks, which have taken over Solana.</p><p>We sat down with Ben Ungvari, Raydium's CMO, to talk about their success and resilience, the Solana ecosystem, their partnership with Stonk, and more.&nbsp;</p>]]></content:encoded></item><item><title><![CDATA[Putting Tokenised Stocks to Work]]></title><description><![CDATA[Tokenised stocks have crossed $3B, but most of that capital still sits idle.]]></description><link>https://research.castlelabs.io/p/putting-tokenised-stocks-to-work-3ea</link><guid isPermaLink="false">https://research.castlelabs.io/p/putting-tokenised-stocks-to-work-3ea</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Sat, 26 Sep 2026 14:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048700/e0c2aacd3abea4fc17a1520d42d2d806.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Tokenised stocks have crossed $3B, but most of that capital still sits idle.<br><br>Last week, xStocks vaults went live in collaboration with Kamino, Veda and Sentora, letting Kraken users earn yield on these assets.</p><p>We sat down with them to discuss the importance of making RWAs productive capital once they land onchain and the best practices for doing so.</p><p>Follow us at <a href="http://x.com/castle_labs">x.com/castle_labs</a></p>]]></content:encoded></item><item><title><![CDATA[Inside EtherFi: Growing a Neobank with Mike Silagadze]]></title><description><![CDATA[EtherFi has been one of the fastest-growing neobanks for both crypto natives and retail users.]]></description><link>https://research.castlelabs.io/p/inside-etherfi-growing-a-neobank-0fe</link><guid isPermaLink="false">https://research.castlelabs.io/p/inside-etherfi-growing-a-neobank-0fe</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Fri, 18 Sep 2026 13:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048701/1a88200ed0d233b8fb0527b888fd916e.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>EtherFi has been one of the fastest-growing neobanks for both crypto natives and retail users.&nbsp;</p><p>We sit down with Mike and learn more about his experience, what led to start EtherFi, their pivot, and current growth strategy.&nbsp;</p>]]></content:encoded></item><item><title><![CDATA[Fixed Rate Lending is coming to DeFi with Bitwise, KPK and Tenor Finance]]></title><description><![CDATA[Today, the lending category has $28.5 billion in active loans, and almost all of that demand comes from variable-rate lending.]]></description><link>https://research.castlelabs.io/p/fixed-rate-lending-is-coming-to-defi-c56</link><guid isPermaLink="false">https://research.castlelabs.io/p/fixed-rate-lending-is-coming-to-defi-c56</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Wed, 09 Sep 2026 16:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048702/93fd436ae25348e4c7e71a4eadf398a5.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Today, the lending category has <a href="https://defillama.com/protocols/lending?borrowed=true">$28.5 billion in active loans</a>, and almost all of that demand comes from variable-rate lending. This works fine in periods of stability; however, during stress events, as utilisation curves move, borrowing rates can spike. This rate surge forces some borrowers to exit or deleverage, making the overall credit market inefficient.</p><p>DeFi money markets, in fact, solved one problem traditional credit cannot offer by providing <em>near-instant borrowing against collateral.</em>&nbsp;</p><p><strong>One problem remains: knowing the cost of debt before the loan is over.&nbsp;</strong></p><p>That&#8217;s what many products are focusing on nowadays, moving toward fixed-rate and fixed-maturity credit products.</p><p>Join us today as we discuss this with Bitwise, KPK and Tenor Finance</p>]]></content:encoded></item><item><title><![CDATA[Interviewing the CEO of Variational: A Different Model for Onchain Trading]]></title><description><![CDATA[Perps are one of crypto&#8217;s largest markets, but still carry trade-offs around liquidity and liquidation handling.]]></description><link>https://research.castlelabs.io/p/interviewing-the-ceo-of-variational-164</link><guid isPermaLink="false">https://research.castlelabs.io/p/interviewing-the-ceo-of-variational-164</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Sun, 09 Aug 2026 22:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048703/1637a6b0b5e8747e15b2c013d4072710.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Perps are one of crypto&#8217;s largest markets, but still carry trade-offs around liquidity and liquidation handling.<br><br></p><p>Variational uses RFQ to list more markets faster and source deeper liquidity. Now, they&#8217;re adding swaps too.<br><br>Join us with <a href="https://x.com/variational_lvs">L</a>ucas Schuermann, Co-Founder &amp; CEO of Variational.</p>]]></content:encoded></item><item><title><![CDATA[RWAs: Bringing TradFi Onchain]]></title><description><![CDATA[RWAs have become the fastest-growing category in crypto since 2024]]></description><link>https://research.castlelabs.io/p/rwas-bringing-tradfi-onchain-d53</link><guid isPermaLink="false">https://research.castlelabs.io/p/rwas-bringing-tradfi-onchain-d53</guid><dc:creator><![CDATA[Castle Labs]]></dc:creator><pubDate>Tue, 04 Aug 2026 22:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/220048704/dfd78845ef7b497abc4f3d1a53ad7cc4.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>RWAs have become the fastest-growing category in crypto since 2024<br><br>Unfortunately, they still struggle with low representation in DeFi (~10%), but new solutions are in development to overcome this...<br><br>Join us with Redstone, xStocks, and Pendle</p><p>This episode focuses on our flagship report, written for TokenizeThis, the longest-running US conference dedicated to the tokenization of finance: https://castlelabs.io/research/reports/real-world-assets</p>]]></content:encoded></item></channel></rss>