#057 - Yumi Finance: Buy Now, Pay Later onchain w/Mikhail

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Odyssey

Binary Builders

62 episodes

4 days ago

Follow Onur and Max´s weekly deep-dives into crypto market chaos, macro larping, and AI adventures. Expect unhinged takes, guest interviews with industry leaders and builders, and high-signal insights without taking ourselves too seriously. Believe in Something: While markets might be fake, our yapping isn´t.

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#057 - Yumi Finance: Buy Now, Pay Later onchain w/Mikhail

Odyssey

1 hour 56 seconds

1 month ago

#057 - Yumi Finance: Buy Now, Pay Later onchain w/Mikhail

Summary

In this episode, Max and Mikhail from Yumi Finance discuss the innovative approach of integrating buy now pay later (BNPL) services into the blockchain ecosystem. Mikhail shares insights on the challenges faced by consumers in emerging markets regarding access to credit and how Yumi aims to address these issues through a unique business model that leverages crypto technology. The conversation delves into the importance of user experience, the macroeconomic landscape affecting consumer behavior, and the future of credit in a rapidly evolving financial environment. Mikhail emphasizes the need for sustainable yield in DeFi and the potential for Yumi to bridge the gap between traditional finance and the crypto world.

Chapters
(00:00) Introduction to Yumi Finance and Its Vision
(03:43) The Need for Credit in Emerging Markets
(06:41) Yumi's Unique Business Model and Approach
(09:26) How Crypto Enhances Accessibility and Cost Efficiency
(12:20) The Shift Towards B2B in Crypto Finance
(15:22) User Experience and Onboarding in Crypto
(18:16) The Future of Under-Collateralized Credit in Crypto
(20:59) Yumi's User Flow and Underwriting Process
(24:07) Funding and Capital Structure for Yumi
(26:58) Comparing Yumi with Traditional BNPL Providers
(29:42) Conclusion and Future Outlook for Yumi
(34:27) Growth and Go-to-Market Strategy
(36:41) Buy Now, Pay Later in Consumer Trends
(39:22) The Impact of Credit on Consumer Behavior
(42:17) Tracking Consumer Behavior and Privacy Concerns
(43:07) Market Sentiment and Currency Choices
(45:00) The Evolution of BNPL Spending
(47:08) Future Plans and Points Programs
(49:04) Sustainable Yield in DeFi
(51:00) Balancing Incentives and Token Dynamics
(57:46) Final Thoughts and Future Outlook

Follow Yumi: https://x.com/YumiFinance

Follow Mikhail: https://x.com/shortusdlongeth

Check out our website: https://binary.builders/odyssey/

Join our TG: https://t.me/OdysseyBiS

DISCLAIMER: Nothing said on the Odyssey Podcast is a recommendation to buy or sell any security or token, nor does it constitute any tax or legal advice. The podcast is for informational and entertainment purposes only. Any views expressed by the hosts or the guests are solely opinions and not financial, legal, or tax advice. The hosts and guests may hold positions, equity, or advisory positions in the projects, companies, and funds discussed.