Sid Powell and Paul Frambot on why Apollo, Cantor, and Coinbase are quietly building their financial products on DeFi rails, and what it means for lending. 

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Onchain lending used to be a crypto-native curiosity. Now Cantor Fitzgerald is extending credit facilities through it, Apollo Global Management is acquiring governance tokens, and Coinbase users are borrowing against Bitcoin to buy houses, all running on DeFi protocols operating in the background.

Maple Finance CEO Sid Powell and Morpho co-founder Paul Frambot sit at the center of this shift, and they have very different reads on what it takes to make institutional adoption real. 

What are the actual limits to onchain lending growth right now? Does the DeFi mullet model work for everyone, or only for specific use cases? And as DAOs across the industry stumble under the weight of public governance, what structures actually let a protocol move fast without losing trust? 

This conversation gets into the mechanics, the trade-offs, and the deals that are quietly redrawing the lines between DeFi and traditional finance.

Guests:

• ⁠Paul Frambot, Co-Founder & CEO at Morpho Labs

• ⁠Sid Powell, CEO & Co-Founder of Maple Finance

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