{"podcast":{"title":"Bankless","slug":"bankless-357756","podcast_index_feed_id":357756,"rss_url":"https://feeds.flightcast.com/p83fuj0y0u58o82l41xei7zo.xml","website_url":"http://podcast.banklesshq.com/","image_url":"https://assets.flightcast.com/workspaces/vzyepv1wunc8uo4au6e1tld4/podcasts/p83fuj0y0u58o82l41xei7zo/qytiwwt972ormowswu9ysv65.png","author":"Bankless","episode_count":1372,"summary":"The Ultimate Guide to Crypto Finance. DeFi, NFTs, and cryptocurrencies. Level up. Go bankless.","last_synced_at":"2026-09-17T00:20:29.695437+00:00","page_url":"https://stenobird.com/podcast/bankless-357756"},"episode":{"title":"What's Next for Vaults? | Steakhouse Co-Founder, Adrian Cachinero","slug":"what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero","published_at":"2026-07-30T10:30:00+00:00","page_url":"https://stenobird.com/podcast/bankless-357756/what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero","show_page_url":"https://stenobird.com/podcast/bankless-357756","url":"https://pscrb.fm/rss/p/episode.flightcast.com/01KYR71VMT4Y7Q3886V59QP65Z.mp3","audio_url":"https://pscrb.fm/rss/p/episode.flightcast.com/01KYR71VMT4Y7Q3886V59QP65Z.mp3","summary":"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","meta_description":"Vaults could become the financial rails that bring trillions onchain, but only if they solve risk, regulation and investor protection. Steakhouse co-found…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3888,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/bankless-357756/what-s-next-for-vaults-steakhouse-co-founder-adrian-cachinero.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}