What applications exist for Bitcoin self custodial finance? Philipp Hoenisch, founder of 10101 (pronounced ten-ten-one) joins me on the show to talk about bitcoin trading without counterparty risk. We discuss: DLC overview and basics DLC channels and lightning 10101 walkthrough “Funding rate” Synthetic stablecoins For individuals or business? Risks and things can break down Prior Episodes: SLP349 Chris Stewart Bitcoin DLCs & Stablechannels SLP219 Nadav Kohen – What You Should Know About Bitcoin DLCs SLP519 Self Custodial Bitcoin Finance with Matthew Black of Atomic Finance Links: X: @bonomat X: @get10101  Site: 10101.finance Sponsors: Swan.com (code LIVERA) CoinKite.com (code LIVERA) Mempool.space Nomadcapitalist.com Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack Timestamps/Chapters: 00:00 - Introduction and Background 05:58 - The Concept of Discrete Log Contracts (DLCs) 10:28 - Non-Custodial Trading and DLC Channels 12:46 - Using the 10101 App 21:32 - Expiry and Funding Rates 26:01 - NomadCapitalist.com 27:47 - Coinkite.com 28:57 - Market Makers and Trade Sizing 32:05 - Limits and Future Plans 35:55 - Security and Hardware Wallets 37:41 - Non-Degen Uses for 10101 38:50 - Comparison of Stable Coin Concepts 41:58 - High Interest Rates and Risks 48:33 - Swan.com 49:42 - Mempool.space 50:44 - Comparison of Stable Value Options 56:49 - Technical Complexity and Education 58:43 - Future of the 10101 App 01:00:45 - Reasons for Lack of Non-Custodial Finance Adoption 01:03:56 - Closing Thoughts