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GFX Labs Co-Founder Getty Hill Highlights Interest Protocol’s Ongoing Chainlink Collaboration

The 100+ expert speakers at this year’s SmartCon included founders of influential protocols in the Chainlink ecosystem. To showcase their thought leadership during SmartCon’s 2022 event, September 28-29 in New York City, Nasdaq TradeTalks host Jill Malandrino filmed a two-day interview lineup with featured presenters. 

The first guest to sit down with Malandrino was Getty Hill, co-founder of GFX Labs, the developer of Interest Protocol (IP). IP’s novel borrowing and lending protocol, which achieves capital efficiency by combining traditional banking’s fractional reserve system with over-collateralized loans, announced its integration of Chainlink as the primary oracle in its unique circuit breaker configuration last summer.

Getty and Malandrino discussed a number of topics, starting with the idea to bring the fractional reserve model to DeFi.

“You need something to really improve the capital efficiency of a protocol,” Getty explained. “The problem we’re trying to solve with assets and lending dollars is a very similar problem to the traditional world.” In his view, using the same framework as traditional finance was a solution that made so much sense, it was almost “too obvious.”

Getty also explained why Chainlink Price Feeds play an integral role in optimizing IP’s safety and accuracy. “Chainlink is known for having the most robust oracle system in DeFi,” he said. “Every single legitimate borrow/lend protocol relies on their price feeds.”

He described the collaboration between IP and Chainlink as “a very natural partnership,” and highlighted IP’s interest in Chainlink’s suite of decentralized infrastructure beyond price feeds. 

“They’re working on a lot of really interesting technology. We look forward to using some of that new innovative technology in our protocol as well down the line.”

Watch Jill Malandrino’s full interview with Getty Hill on Nasdaq TradeTalks.

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