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Podcast: The Interop
Episode: Programmatic Monetary Policy for Protocols with Max Einhorn of Valence
Description: Valence enables programmatic economic relationships between protocols. This allows crypto-native institutions (e.g., appchains & DAOs) to engage in complex financial interactions.Valence is live today with two sub-protocols in private beta: The Rebalancer lets protocols set desired portfolio targets and efficiently rebalance over time. Covenants enable crypto-native institutions to lend protocol-owned liquidity (POL).A key innovation is the ability to create POL markets, which is crucial for restaking. Valence ensures AVSs know exactly how much liquidity they will receive, making restaking protocols more attractive and generating new revenue sources.Valence is to li...