# What's Next for Vaults? | Steakhouse Co-Founder, Adrian Cachinero

Page: https://stenobird.com/podcast/bankless-357756/what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero
Text version: https://stenobird.com/podcast/bankless-357756/what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero.md
Podcast: [Bankless](https://stenobird.com/podcast/bankless-357756)
Published: 2026-07-30T10:30:00+00:00
Episode link: https://pscrb.fm/rss/p/episode.flightcast.com/01KYR71VMT4Y7Q3886V59QP65Z.mp3
Audio file: https://pscrb.fm/rss/p/episode.flightcast.com/01KYR71VMT4Y7Q3886V59QP65Z.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero
Duration seconds: 3888

## Resource

Vaults could become the financial rails that bring trillions onchain, but only if they solve risk, regulation and investor protection. Steakhouse co-founder Adrian Cachinero joins David to explain how vaults work, why repo markets matter and where this new asset-management layer goes next. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium --- TIMESTAMPS 0:00 Intro 0:13 Vaults Explained 2:27 Morpho and Vault Origins 6:46 Vault Infrastructure Layers 8:53 Curators and Control 18:25 Risk Frameworks 24:48 Risk Creep and Incentives 32:51 Principal-Agent Tensions 39:33 Safe Vaults Scale 41:50 SEC and Regulation 46:58 Two Vault Futures 53:54 Distributors vs Curators 59:21 AI Meets Vaults 1:01:23 Growth and Challenges --- RESOURCES Adrian Cachinero https://www.linkedin.com/in/adriancachinero Steakhouse Financial https://www.linkedin.com/company/steakhouse-financial/ --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

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## Transcript

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