SmartCon 2023 featured more than 100 blockchain experts and financial industry leaders including founders of influential protocols in the Chainlink ecosystem. To get a closer look at the future of web3, Nasdaq TradeTalks host Jill Malandrino filmed a two-day interview lineup with speakers at this year’s event in Barcelona, Spain.
Slater Heil is CEO of Composable Corp, the blockchain financial application developer behind Chainlink BUILD member, Blueberry. In August, Blueberry integrated Chainlink Price Feeds to help secure Bloom, a protocol designed to bring yields bound to U.S. Treasury Bills to the DeFi economy. Heil sat down with Malandrino to discuss how bringing real-world assets onchain broadens their composability and accessibility to create exciting new opportunities in DeFi.
Coming from a background in commodities trading, Heil said he created Composable Corp to bring DeFi tools to parity with the sophistication and maturity of traditional financial instruments.
“Coming into the crypto world, it was pretty obvious there was a lack of both real-world asset integrations onchain as well as trading capabilities and liquidity for those assets, so we wanted to really improve that next step and generation of the space,” he explained.
Heil pointed to a number of possibilities once products like Bloom’s Chainlink-powered TBYs (Term Bound Yield tokens) are onchain.
“One of the really amazing things about having onchain assets is the composability and that nature that you can build Legos or building blocks on top of each other,” he said. “Once you have a yielding asset onchain, you can do all kinds of interesting things with it – maybe you want to put it into a liquidity pool and earn some extra trading fees, or maybe you want to use it as a collateral asset in a DeFi prime brokerage type of product.”
Along with composability, Heil believes accessibility is one of DeFi’s biggest advantages over traditional finance.
“My head of business always says dollar yields used to be an industry that was for the privileged and now that we have them onchain, really anybody across the world can access them, of course as long as they meet the regulatory requirements,” he said. “It’s a much easier transaction to just click one button with a wallet and be able to access a dollar yield than it is to go through a brokerage.”
Watch Jill Malandrino’s full interview with Slater Heil.