Bitcoin DeFi Has Been Elusive. Can Mysten Labs Bring $1.4 Trillion Onchain?

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 20 March 2026

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Adeniyi Abiodun, co-founder and CPO of Mysten Labs, walks through how Hashi works and how it differs from the competition. Can it succeed where others have failed? Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at ⁠nexo.com/unchained⁠ Mysten Labs has announced Hashi, a protocol designed to unlock several financial applications for native Bitcoin in a trust minimized way. Mysten Labs co-founder Adeniyi Abiodun walks through how Hashi works and how it differs from wrapped Bitcoin tokens and L2s. He says the protocol is built with institutions in mind, highlighting for one that it does not trigger a tax event like alternatives and also comes with low-premium on-chain Bitcoin denominated insurance. Listen to find out how Hashi manages these and more. Will Mysten Labs succeed in unlocking Bitcoin's long-desired $1.4 trillion liquidity? Guest: ⁠⁠⁠⁠Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs Links Unchained: Sui Blockchain Restored After Six-Hour Outage Sui-Based Typus Finance Loses $3.4 Million in Hack Coinbase’s cbBTC Crosses $1 Billion Market Cap, Deploys on Solana New Bitcoin Liquid Staking Protocols Aim to Replicate Lido’s Success Kraken Launches Wrapped Bitcoin Token kBTC Top Wrapped Bitcoin (WBTC) Alternatives You Should Know About Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get a free bet when you bet five pounds every week of the Premier League season and a big boost every day.
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0:11.0	18 plus 1st September to 24th of May. Opting weekly. Selected Premier League markets.
0:17.2	Match one free bet per week. Values vary.nc supply daily odds boosts tc's on labbrooks.com
0:27.8	gambonaware.org
0:29.8	Hi everyone, welcome to Unchained, your no hype resource for all things crypto.
0:33.7	I'm your host, Laura Shin.
0:35.6	Thanks for joining this live stream.
0:37.3	Before we get started, a quick reminder.
0:38.6	Nothing new here on Unchained is investment advice. This show is for informational and entertainment
0:43.0	purposes only, and my guest and I may hold assets discussed on the show. For more disclosures,
0:47.8	visit Unchained Crypto.com. Introducing Nexo, the premier digital wealth platform. Receive interest on your digital assets.
0:56.0	Borrow against them without selling.
0:58.0	Trade a variety of cryptocurrencies.
1:00.0	All in one platform.
1:02.0	Now available in the U.S.
1:04.0	Get started today at nexo.com slash unchained.
1:09.0	Quick note before we get into today's episode. Bits and Bits Now has its dedicated feed. We're spinning off from the Unchained feed and moving to a new podcast and YouTube channel. So if you want to keep up with our weekly live streams and macro meets crypto breakdowns, make sure to subscribe to Bits and Bips directly. We won't publish there until March, but subscribe today so you can be ready for launch.
1:28.1	Be sure to subscribe to the new feeds at Unchained Crypto.com slash Bips and Bips.
1:35.8	Today's guest is Adony Abiodin, co-founder and CPO of Mistin Labs. Welcome, Adonie.
1:42.7	Thank you for having me on the show. It's a pleasure.
1:45.0	Mistin Labs, which is behind the sui blockchain, has big news today about Hashi, a new decentralized
	...

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