S16 E21: Filip Baturan on Tanari, Citrea & DeFi on Bitcoin

Filip Baturan is the CEO of Tanari – a decentralized finance application suite that's built on top of Citrea. With it, bitcoiners can enjoy the features and user experience from banking applications such as Revolut... but within a self-custodial and sovereign environment, where the user sets the rules.

The discussion centers around Tanari's vision to make Bitcoin more useful and replace the current financial system, contrasting it with projects that merely embed Bitcoin into existing structures. Baturan explains that Tanari aims to deliver on Bitcoin's promise of self-custody and financial system replacement, drawing inspiration from the ideal financial system rather than specific products like Revolut.

We talk about Tanari's features: including secure Bitcoin storage, spending capabilities, and integration with the Bitcoin ecosystem (Citrea, Bitcoin mainnet, Lightning Network). The platform prioritizes ease of use, employing Face ID/fingerprint authentication and social recovery methods. The interview also covers the potential for financial primitives like lending, borrowing, and Bitcoin-backed stablecoins, all within a transparent framework.

The discussion also addresses the challenges of balancing user-friendliness with privacy and security, particularly regarding usernames and potential transaction traceability. Filip Baturan emphasizes Tanari's commitment to open-source principles, sustainable business models, and integration with other Citrea applications. The interview concludes with Filip sharing his background in ZK rollups on Ethereum and his enthusiasm for building on Bitcoin with Citrea, highlighting the unique opportunities presented by this technology.

–––––––––––––––––––––––––––––

Time stamps:

00:00:53 - Introducing Filip Baturan

00:02:04 - Tanari's Origin and Citrea

00:05:30 - Ease of Use and Recovery Methods

00:08:20 - Tanari's Features

00:11:04 - Open Sourcing and Fees

00:12:19 - Citrea Integration and Usernames

00:15:24 - On-Chain Interoperability

00:17:19 - Lightning Network Integration

00:19:02 - Business Solutions and Competitive Advantages

00:21:22 - Custody and Decentralization

00:24:48 - Reputation and Social Media Integration

00:29:22 - Filip's Background

00:37:53 - Scalability and Settlement Time

00:41:44 - Trade-offs and Self-Ownership

00:48:00 - Swapping Services

00:51:46 - Future of Bitcoin and Tanari

01:02:10 - Tanari's Name and Meaning