# Resilient DeFi with Kirk Hutchison | Layer Zero

*Author: David Hoffman*
*Published: Jun 28, 2022*
*Source: https://www.bankless.com/es/resilient-defi-with-kirk-hutchison*

---

As inflation continues to rise, Kirk couldn’t have joined at a better time. However, Kirk and David dive into much more than inflation. In this episode, Kirk explains symmetric money systems, self-referential feedback mechanisms, the problems with DeFi today, what Volt is and its future, and so much more.

---

### TIMESTAMPS
0:00 Intro

4:45 What Kirk Thinks About

8:36 Decentral Bank Terms Explained

13:45 What is a PSM? 

18:16 The Bankless Thesis

21:20 Fully Symmetric Money System

28:05 Why is Fixed Rate a Problem?

32:12 Self-Referential Feedback Mechanisms

40:45 The Problems with DeFi Today

47:40 DeFi Utopia vs. Dystopia 

1:00:55 What is Volt & Its Future? 

1:09:25 Governance Token Design

1:13:35 8% Yield to Combat Inflation in DeFi 

1:19:20 Closing  

---

### RESOURCES
Kirk

https://twitter.com/OneTrueKirk 

Volt Protocol

https://twitter.com/voltprotocol
---

*This article is brought to you by [MetaMask](https://www.bankless.com/es/sponsor/metamask-1776260643?ref=resilient-defi-with-kirk-hutchison)*