<p><span style="font-size: 12pt;"><i style="font-size: 12pt;">Episode 105</i><b style="font-size: 12pt;"><i> </i></b><i>of Season 4 of The Scoop was recorded at SALT NY 2022 with <strong>The Block's Frank Chaparro</strong> and<strong> HomeCoin Co-Founder Karl Jacob.</strong></i></span></p> <p><span style="font-size: 12pt;"><i>Listen below, and subscribe to The Scoop on </i><a href="https://podcasts.apple.com/us/podcast/the-scoop/id1460134454"><i>Apple</i></a><i>, </i><a href="https://open.spotify.com/show/7qwrgTJ5CYDXAaVILNZuEd"><i>Spotify</i></a><i>, </i><a href="https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vdGhlYmxvY2stdGhlc2Nvb3A?sa=X&amp;ved=0CAMQ4aUDahcKEwionbSO9fbxAhUAAAAAHQAAAAAQAg"><i>Google Podcasts</i></a><i>, </i><a href="https://www.stitcher.com/podcast/the-block-2/the-scoop-4"><i>Stitcher</i></a><i> or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com.</i></span></p> <p><iframe frameborder="0" height="200" src="https://playlist.megaphone.fm?e=BLOCK6636688883" width="100%"></iframe></p> <hr /> <p><span style="font-weight: 400;">A project called HomeCoin is tapping into the trillion-dollar real estate industry with a mortgage-backed stablecoin called HOME.</span></p> <p><span style="font-weight: 400;">In this episode of The Scoop, HomeCoin Founder Karl Jacob unpacks the mechanics behind HomeCoin’s mortgage-backed stablecoin and shares why he believes the best way to move the real estate industry on-chain is incrementally over time.</span></p> <p><span style="font-weight: 400;">According to Jacob, HOME is over-collateralized by mortgages, and yield is paid to holders of HOME from payments made on those mortgages:</span></p> <blockquote> <p><span style="font-weight: 400;">”Unlike other stablecoins, where the return is fueled by marketing dollars and a whole bunch of other things and things going to the moon, these are actually real payments from real people on houses that exist in the real world.”</span></p> </blockquote> <p><span style="font-weight: 400;">While Jacob sees room for HomeCoin to expand to other types of loans, such as car loans or loans against commercial equipment, he doesn’t think <a href="https://www.theblock.co/linked/134006/propys-sale-of-nft-tied-florida-home-nets-over-650k">tokenizing</a> actual real estate is an effective strategy: </span></p> <blockquote> <p><span style="font-weight: 400;">“The reality is we've got a $13 trillion industry that isn't on-chain, and how can we move to a world where part of it is on-chain and slowly eat that world, versus trying to swallow it whole — which is basically what those guys are trying to do.”</span></p> </blockquote> <p><i><span style="font-weight: 400;">During this episode, Chaparro and Jacob also discuss:</span></i></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How HomeCoin utilizes real-world decentralization</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why all the loans backing HomeCoin are over-collateralized</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How HomeCoin users are able to choose different risk profiles</span></li> </ul> <hr /> <p><b>This episode is brought to you by our sponsor <a href="https://trondao.org/"><em>Tron, </em></a><em><a href="https://www.ledn.io/">Ledn</a></em><em><br /> </em></b></p> <p><strong>About Tron<br /> </strong><b></b><em>TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by <a href="https://www.hejustinsun.com/">H.E. Justin Sun</a>, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of <a href="https://www.bittorrent.com/">BitTorrent</a>, a pioneer in decentralized web3 services boasting over 100 million monthly active users. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. | <a href="https://trondao.org/hackathon/">TRONDAO</a> | <a href="https://twitter.com/trondao">Twitter</a> | <a href="http://discord.gg/tron">Discord</a> |<br /> <br /> <strong>About Ledn<br /> </strong><span style="font-size: 12pt; font-family: georgia, palatino, serif;">Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit <a href="https://www.ledn.io/">Ledn.io</a></span><br /> </em></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>