The Edge Podcast

Johann Eid is the Chief Business Officer at Chainlink Labs.In this episode, Johann walks us through how crypto has evolved from a dreaming phase of romanticized white papers into its "big boy era," where hundreds of billions are now onchain, institutions from around the world are tokenizing RWAs like stocks, and stablecoins have changed the lives of everyday people from Lebanon to South America. He emphasizes why security is the foundation of everything built, what Chainlink's CCIP offers for an interoperable DeFi economy, and why AI agents transacting onchain represent the next wave of users nobody is pricing in yet.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🏦 AXIS | The Origin Vault launches on Ethereum on July 29th🌐 RE | The internet capital market for insurance risk🕛 NOON | The highest and safest stablecoin yield, built for the long term🟠 APYX | The first dividend-backed stablecoin (DBS)🌏 MANTLE | The world’s premier RWA distribution layer🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:18 - How DeFi transformed from lofty ideas to real use cases7:37 - Every institution wants to migrate its business logic onchain12:14 - What finally pushed TradFi to move onchain18:06 - Security means everything for adoption of DeFi24:58 - CCIP and lessons from LayerZero-rsETH exploit30:18 - Prediction markets and Chainlink's role34:31 - Are AI agents the next wave of new users?40:21 - What DeFi and TradFi misunderstand about each other43:05 - The most bullish factor for Chainlink45:30 - What needs to happen for DeFi to replace TradFi legacy markets?50:48 - Closing------🔗 GUEST LINKS► Chainlink website: https://chain.link/► Chainlink on X: https://x.com/chainlink► Johann Eid on X: https://x.com/EidJohann------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

John Gillen is an ex-BlackRock VP, General Partner at TRU Capital, and host of The Milk Road Show.In this episode, John breaks down his Wartime Ethereum thesis on why this is a defining moment for Ethereum that demands engagement, conviction, and patience rather than capitulation. He walks through how ETH functions as a triple point asset, why stablecoins, tokenization, and the agentic economy are all in their first innings with Ethereum best positioned to capture each tailwind, and why decentralized AI makes the case for Ethereum's censorship resistance more urgent than ever.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term🟠 APYX | The first dividend-backed stablecoin (DBS)🌏 MANTLE | The world’s premier RWA distribution layer🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro3:01 - Why John got invested in Ethereum and ETH8:39 - Why Ethereum + ETH are the most important chain + asset14:29 - Why are we in Wartime Ethereum mode?17:44 - Ethereum doubles down on “can’t be evil”20:23 - Ethereum is trustware for building economic systems24:48 - Is Wall Street understanding and buying ETH value accrual?32:04 - The largest institutional bull run vs bearish retail sentiment36:03 - When strong fundamentals translate to number-go-up for ETH45:57 - CLARITY Act will be a tailwind for Ethereum’s growth52:11 - There is no EF funding crisis, the ecosystem is reshaping59:05 - Why decentralized AI makes the case for Ethereum1:08:39 - DeFi attracts those who question the rules of society1:10:33 - How to value ETH: Triple point asset framework explained1:14:29 - John's outlook for ETH price1:18:23 - Closing------🔗 GUEST LINKS► Milk Road website: https://milkroad.com/pro/► Milk Road on X: https://x.com/MilkRoadDaily► John Gillen on X: https://x.com/BitcoinJesusETH------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad, Nomatic, and John all hold ETH.

Jai Bhavnani is the Founder of Waymont Co, the developer of the Royco protocol.In this episode of DeFi Frontier, Jai walks through how Royco evolved from an incentive platform into a risk tranching protocol connecting RWA issuers with both institutions and DeFi users. He explains what makes an asset worth tranching, and then navigates through a real stress test in progress for Royco, with the recent apyUSD drawdown triggering a 21-day observation period. Plus, we get a first take on what to expect from Royco Dusk, a new app for extending credit to Royco senior tranche holders, through an AMM-backed liquidity pool.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:37 - What is Royco? A DeFi risk tranching protocol6:01 - Why RWAs are the future of onchain yield11:32 - What is Royco Dawn and what does it solve?13:30 - What is the perfect asset to tranche?18:07 - Screenshare and explanation of Royco’s live markets22:01 - Observation period: Royco's first stress test with apyUSD25:05 - How seniors stay protected while juniors absorb losses27:00 - What could end the 21-day observation period?27:34 - Can you deposit or withdraw during observation period?29:01 - Can seniors lose money in a Royco loss event?30:04 - How Royco tries to restore markets to healthy status31:25 - Estimating losses if 21-day period runs out for apyUSD33:40 - Design for juniors to not get wiped out37:40 - What is protected? Tranching vs insurance41:23 - Is security in DeFi cooked? How we move forward43:49 - Royco’s decision to introduced delayed settlement47:54 - Royco Dusk: Extend credit to RWAs with AMM-backed LP50:43 - How seniors will get instant liquidity on Dusk53:42 - Closing------🔗 GUEST LINKS► Royco website: https://royco.org/► Royco on X: https://x.com/roycoprotocol► Jai Bhavnani on X: https://x.com/jaibhavnani------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad invested in Royco's seed round in 2024.

Odysseus is the Founder and CEO of Phylax Systems, and Declan Fox is the VP and Head of Linea at Consensys.The rsETH exploit drained $292M from Aave, but a simple rule or circuit breaker could have prevented bigger losses!In this episode, Odysseus and Declan walk us through how Phylax's DeFi circuit breaker works: code currently running on the Linea sequencer that checks every transaction against a set of protocol-defined policies before it's added to a block. Already live on Linea, Phylax has stopped over 4,000 drain attempts and protected $1.5M in cumulative volume, including a real attack on 0x where users were being drained through an immutable contract. They also cover what institutions are still waiting for before coming onchain, and how banks can build secure, private composable environments powered by Ethereum.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:02 - Declan’s work as Head of Linea3:15 - What Is Phylax? Preventative security for blockchains and apps4:45 - Ethereum’s security, with privacy and more protective controls for users12:14 - How Phylax can protect L2s and apps without sacrificing decentralization14:33 - What are institutions still waiting for, in order to come onchain?18:54 - How Linea is helping institutions come onchain23:06 - Freezing assets vs programmatic rules: what's the right threshold for action?26:09 - Why institutional demand for DeFi should help crypto transcend politics32:54 - How a Phylax circuit breaker could have stopped the Aave rsETH exploit38:09 - What actually triggers the Phylax circuit breaker to detect and stop an attack?42:38 - TradFi can build private, composable walled gardens on Ethereum45:56 - How dApp and networks can get started implementing Phylax47:32 - Closing------🔗 GUEST LINKS► Phylax website: https://phylax.systems/► Phylax Systems on X: https://x.com/phylaxsystems► Odysseus on X: https://x.com/odysseas_eth► Linea website: https://linea.build/► Linea on X: https://x.com/lineabuild► Declan Fox on X: https://x.com/DeclanFox14------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Tom Dunleavy is Head of Venture at Varys Capital.In this episode, Tom walks us through his valuation framework for ETH. He offers a mental model where Ethereum is the vault filled with stablecoins, RWAs, and DeFi activity secured by it. But ETH is the lock--and the bigger the vault gets, the more valuable the lock has to be to protect it. Based on Ethereum's current onchain activity, Tom gets us to a fair value for ETH that's much higher than the price today. Furthermore, we discuss what happens to the price of ETH when Ethereum grows to $750B-$1T onchain by 2030.Tom insists the vault won't stop growing thanks to demand for stablecoins and RWAs—and that ETH, the lock, is simply due for a repricing.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term🟠 APYX | The first dividend-backed stablecoin (DBS)👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:51 - Tom’s role investing at Varys Capital3:32 - How Tom became convinced DCF was the wrong way to value ETH6:16 - Is Ethereum winning?11:20 - Fees are friction, and hence not how we should value ETH15:51 - Can Ethereum have its cake and eat it too, when it comes to capturing fees?19:24 - If Ethereum is the vault, ETH is the lock23:37 - Why stablecoin numbers are bullish against all odds this bear market26:43 - Ethereum must succeed, or crypto as an asset class fails28:39 - Linux and DTCC: Why the comparison to Ethereum is both useful and wrong32:34 - The importance of Ethereum as trustware, producing blocks for over 10 years35:19 - Underestimating the impact of Ethereum scaling L139:20 - If an issuer freezes stablecoins, it doesn’t break reliance on Ethereum security41:50 - Tom’s valuation framework is for ETH, not for DeFi tokens44:54 - $20,000 to $50,000 per ETH if onchain liquidity hits $750B–$1T47:12 - How Tom gets to a fair market value today of $6,900 per ETH50:03 - Was ETH overvalued in 2021 based on this same model?52:38 - The 2030 base case ($55k) vs bull case ($138K) 53:36 - Closing------🔗 GUEST LINKS► Tom Dunleavy on X: https://x.com/dunleavy89► Tom's Ethereum article on X: https://x.com/dunleavy89/status/2059717202392359118?s=20------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic hold ETH.

Matthew Pinnock is the COO of Altura.In this new episode of DeFi Frontier, we walk through Altura's multi-strategy vault and how it generates yield from three sources: a physical gold arbitrage trade, delta-neutral crypto strategies including market-making and funding rate arbitrage, and private credit yield through Fasanara's Midas mF-ONE. Matthew explains how every leg of this real world gold trade is insured. He also breaks down their Yield Run program and the related Pendle market for AVLT including the PT fixed yield and YT points leverage.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term🟠 APYX | The first dividend-backed stablecoin (DBS)👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:44 - Team background2:53 - What is Altura? Multi-Strategy Yield vault explained5:30 - Altura’s gold arbitrage trade8:42 - Insuring every step of the gold trade11:58 - Crypto native strategies behind AVLT15:13 - Breakdown of where AVLT yield comes from18:55 - Which networks support Altura and AVLT21:31 - Base APY vs Yield Run points program23:49 - Overview of AVLT pool on Pendle28:05 - Security: insurance, audits, and opsec31:32 - What’s next? Altura’s neobank vision32:30 - Closing------🔗 GUEST LINKS► Altura website (ref link): https://app.altura.trade?referral=edgepod► Altura Proof of Solvency dashboard: https://accountable.altura.trade/► Altura on X: https://x.com/alturax------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. Altura has been a sponsor of The Edge Podcast, but we do not do paid guest interviews. After learning more about Altura, we invited them on the podcast to explain more on their unique gold arb trade underpinning AVLT.

Robert Leshner is the Founder and CEO of Superstate, as well as the former CoFounder of Compound.Most people in DeFi are focused on the $2.5 trillion cryptonative market. Robert is focused on the $700 trillion that hasn't moved onchain yet. In this episode, he explains why tokenization is the long awaited evolution for crypto markets, how Superstate is building the bridge between institutional TradFi assets and DeFi, and why the benefits of tokenization will soon lead to a hockey stick moment in DeFi and RWAs.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term🟠 APYX | The first dividend-backed stablecoin (DBS)👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:58 - What does tokenization actually mean?3:41 - Tokenization is evolution, not revolution7:42 - Why Robert built Superstate12:49 - What are the primary benefits for tokenized asset issuers?18:34 - Superstate’s customers + how Superstate tokenized funds work23:13 - The magic of finance automation that is DeFi26:28 - How Superstate straddles DeFi ethos and compliance30:02 - Regulatory landscape, CLARITY Act, and any political headwinds39:36 - Different categories of tokenized securities41:26 - Big differentiators for Superstate tokenized securities44:57 - When does tokenization hit its hockey stick moment?48:12 - The endgame is primary issuance onchain49:16 - Closing------🔗 GUEST LINKS► Superstate website: https://superstate.com/► Superstate on X: https://x.com/superstateinc► Robert on X: https://x.com/rleshner------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Kash Dhanda is the COO at Jupiter.Most people know Jupiter for its flagship DEX aggregator and perps. But we've dug into the onchain business backing JUP token value accrual and why the fundamentals are worth understanding heading into the next bull run.In this episode of Revenue Meta, Kash walks us through how Jupiter generates revenue across five distinct products: DEX aggregator, perps, Jupiter Lend, JupUSD, and Jupiter Spend, plus more revenue streams growing in development. This is a fascinating deep dive into Solana's largest, most dominant DeFi super app, including why perps for just three trading pairs wins over so much trade volume, how JLP remains one of Jupiter's most popular products, and how JUP token value accrual is aligned with Jupiter's app success. We also get the inside details on what's coming with Jupiter Lens DEX, prediction markets for the World Cup, Jupiter Spend, and their new Offerbook for borrowing and lending with long tail tokens.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:40 - Overview of Jupiter ecosystem products2:50 - Jupiter’s biggest growth wins in 20254:55 - DEX aggregator revenue is still the foundation 9:17 - Perps is Jupiter's biggest revenue driver11:32 - New revenue streams 13:57 - JLP is one of Jupiter’s most popular products18:27 - The importance of Jupiter’s wallet development19:53 - The potential for Jupiter Lend growth21:14 - How Jupiter Lend generates revenue for JUP holders24:06 - What went into launching Bitwise x Ethena market27:04 - The JupUSD stablecoin and how Jupiter will grow its usage31:06 - Jupiter is a platform for builders, not just an app33:43 - Overview of JUP token value accrual42:54 - Jupiter Lens DEX, prediction markets, Offerbook, and Jupiter Spend45:41 - Jupiter Spend monthly volume is growing fast48:09 - Closing------🔗 GUEST LINKS► Jupiter website: https://jup.ag/► Jupiter on X: https://x.com/JupiterExchange► Kash on X: https://x.com/kashdhanda------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. Kash holds JUP.

David Vatchev is Head of Tokenization at Fasanara, Arpan Gautam is the Founder at Noon, and Rob Montgomery is the CoFounder at infiniFi.In this episode, David, Arpan, and Rob break down why not all private credit is the same, and why the short duration, asset-backed, diversified kind is fundamentally different from what's causing problems in TradFi. They walk through how Noon and infiniFi independently chose to allocate to Fasanara, how the First Brands Group bankruptcy stress-tested their thesis in real time, and what tokenized private credit needs to get right in its next phase for DeFi.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:53 - How Fasanara thinks about private credit in DeFi4:58 - What is infiniFi building?8:28 - What is Noon building?10:55 - The opportunity for tokenization is huge!16:31 - What are valid vs overstated concerns about private credit onchain?20:52 - Why Noon tokenized yield deployed directly into Fasanara23:25 - How Noon manages liquidity demands with Fasanara exposure27:22 - Why infiniFi chose to deploy into mGLOBAL on Midas31:48 - The First Brands stress test on Fasanara and DeFi’s exposure43:17 - What DeFi must get right in the next phase of tokenized private credit48:04 - Real-time verification and transparency onchain can improve TradFi52:53 - How infiniFi is betting more on private credit yield onchain58:12 - What shouldn't work well onchain1:01:19 - What’s next on product roadmaps for infiniFi and Noon?1:04:41 - Closing------🔗 GUEST LINKS► Fasanara website: https://www.fasanara.com/► Fasanara on X: https://x.com/FasanaraCapital► Noon website: https://noon.capital/► Noon on X: https://x.com/noon_capital► Arpan on X: https://x.com/ag_noon► infiniFi website: https://infinifi.xyz/► infiniFi on X: https://x.com/infiniFi► Rob on X: https://x.com/RobAnon------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic invested in the seed round for infiniFi. Noon has been a sponsor of The Edge Podcast, but they have never paid for a guest slot. We do NOT offer paid guest slots. We chose Arpan for this roundtable based on his expertise in Fasanara's private credit offering.

Vish is the CoFounder & CEO of Frontera Labs, the developer behind Strata.DeFi has an abundance of exotic yields. What's been missing is a way to transfer risk between users who want different things. So while risk tranching has existed in TradFi for decades, Strata just made it permissionless.In this episode, Vish explains how Strata brings risk tranching fully onchain: senior tranches for conservative capital that wants protected yield, junior tranches for risk-tolerant capital earning ~2x the base rate. All enforced by smart contracts. He demos a live Strata market, walks through how the yield split mechanism works under the hood, and explains why mispriced lending yields are DeFi's biggest unsolved problem, and how tranching fixes it.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:14 - Founding Strata3:40 - What is tranching?7:14 - Why tranching products make sense to now take off in DeFi?13:43 - How Strata tranches risk for DeFi yields17:05 - How Strata splits yields into junior vs senior tranches21:49 - Screenshare demo of real Strata market26:40 - Balancing senior vs junior TVL29:26 - Tranching vs insurance: what’s the difference?38:13 - How Strata works with RWAs42:59 - Strata is addressing DeFi’s big issue: mispriced yields46:00 - How builders can get started with Strata49:12 - Closing------🔗 GUEST LINKS► Strata website: https://strata.markets/► Strata on X: https://x.com/strata_markets► Vish on X: https://x.com/UnQuidPro------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Samed Düzçay is the Founder of Tori.DeFi yields often collapse in bear markets because they recycle crypto-native capital. But Tori generates yield from somewhere else entirely.In this episode, Sam explains how Tori brings institutional FX carry trades onchain, borrowing in low-rate currencies, lending in high-rate emerging market currencies, and hedging the FX exposure fully back to USD. The spread that remains after hedging is 8-15% yield, generated from real economic activity in global money markets, completely uncorrelated with crypto cycles. Tori is expected to launch in May so we're getting a jumpstart with this episode of DeFi Frontier to learn more.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:50 - Sam’s background4:05 - What is Tori? Institutional FX carry trades onchain5:13 - Why DeFi yields are falling short of investor expectations11:23 - How Tori strategies earn yield14:35 - Capacity to scale the Tori trade and estimated yields16:46 - Two-token model: trUSD vs strUSD17:27 - Coming DeFi integrations for Tori19:14 - Risks to using Tori26:39 - Expected launch time for Tori27:26 - Closing------🔗 GUEST LINKS► Tori website: https://tori.finance/► Tori on X: https://x.com/tori_finance► Sam on X: https://x.com/0xNox_eth------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

David Reising is the Founder of Lotus."Aave compresses risk. Morpho isolates it. Lotus clears it."In this episode, David walks through why avoiding bad debt has become DeFi lending's biggest self-imposed constraint and how Lotus's connected tranches, cascading liquidity, and productive debt unlock a yield curve that neither Aave nor Morpho can offer.According to David, the next battle in DeFi lending is what's inside your vault, and Lotus is the answer.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:22 - The team behind Lotus3:45 - The problem with shared pool design like Aave7:23 - The “missing middle” in DeFi lending9:31 - The problem with isolated markets like Morpho11:17 - What does Lotus aim to solve in DeFi lending?13:40 - The elevator pitch for Lotus19:54 - How tranching plays a role in Lotus24:00 - Demo of Lotus and BTC market curve explained28:56 - Credora credit ratings and what value they add to Lotus31:01 - How tranche-level risk ratings figure into Lotus Vaults33:19 - Earning more consistent yield with Lotus productive debt37:52 - How productive debt dampens rate volatility39:50 - Will productive debt become table stakes in DeFi?42:13 - How Lotus differs in how it handles bad debt45:08 - Vault managers, curators, neobanks, and who else will use Lotus48:04 - What use cases could Lotus unlock?50:49 - Security: Audits, SEAL certification, and lessons from rsETH exploit57:02 - Closing + Lotus launch in summer 2026------🔗 GUEST LINKS► Lotus website: https://www.lotuslabs.net/► Lotus on X: https://x.com/LotusFi_► David Reising on X: https://x.com/davidareising------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic have been advising Lotus during their pre-launch phase.

Daniele Ugolini is the CoFounder at Rysk.DeFi options have failed repeatedly. Ribbon, Opyn, and a long list of protocols shut down or pivoted. Rysk almost joined them, over two years ago they had no product and were close to quitting.In this new episode of DeFi Frontier, Dan walks through how Rysk rebuilt from zero to $60M TVL in under a year by solving the one thing every previous options protocol got wrong: making it simple enough for anyone to actually use. He demos how users on Rysk use cash secured puts and covered calls, explains why 90% of users roll over their positions every Friday, and addresses the criticism around Rysk's premium vs Derive head on.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:01 - Starting Rysk4:13 - Why DeFi options failed before and what Rysk does differently11:21 - Demo of Rysk cash secured puts15:57 - What market conditions would be more ideal for covered calls?19:24 - Rysk targets a different user than Derive23:36 - Who’s using Rysk?26:57 - Addressing criticisms of Rysk's premium36:40 - What’s next for the Rysk roadmap?42:01 - Closing------🔗 GUEST LINKS► Rysk website: https://rysk.finance/► Rysk on X: https://x.com/ryskfinance► Daniele Ugolini on X: https://x.com/DanDeFiEd------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Scoopy Trooples is the Founder of Alchemix.Many DeFi protocols from 2021 are gone. But Alchemix never quit.In this episode, Scoopy walks through the full Alchemix V3 redesign: how the new Mix-Yield Token (MYT) creates vaulted yields users can borrow against at 90% LTV, with zero interest, looping up to 10x, and how fixed-term redemptions unlock an entirely new yield primitive. Alchemix was the first protocol to use yield-bearing collateral for loans. V3 looks to be the long overdue evolution of the self-repaying loan, and we think this version can scale to be even bigger than V1.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:30 - Alchemix V1 and the idea for self-repaying loans6:57 - Lessons from V111:37 - Ideas leading into V316:19 - How Alchemix V1 worked20:47 - V2’s weaknesses24:17 - Overview of three pillars of Alchemix V331:31 - Pillar 1: Mix-Yield Token (MYT), Alchemix's own vaulted yields34:27 - Pillar 2: Synthetic borrowing up to 90% LTV, zero interest, 10x leverage36:39 - Pillar 3: Fixed term redemptions unlocking fixed yield41:16 - Zero interest on debt but what do we pay?42:26 - Liquidation risk in Alchemix V344:11 - Tracking where V3 strategies deploy money45:24 - V2 to V3 migration 46:17 - A new fixed yield primitive49:24 - The tradeoffs of looping in Alchemix V355:19 - Example of how a loan, looping, yield works in V359:07 - What’s a doomsday scenario for V3?1:02:01 - Audits1:06:51 - Could curators be involved in Alchemix V3?1:08:11 - New ALCX tokenomics coming1:13:25 - Closing------🔗 GUEST LINKS► Alchemix website: https://alchemix.fi/► Alchemix on X: https://x.com/alchemixfi► Scoopy Trooples on X: https://x.com/scupytrooples------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Vivek Raman is Etherealize CoFounder and CEO while Michael McGuiness is an Etherealize Researcher and author of their recent report "Ethereum and The Era of Productive Money."Many have viewed ETH as a technology bet. Etherealize just published a report arguing it's something far more important, better money than BTC and gold, and the first monetary asset in history that actually compounds.In this episode, they break down their $250,000 ETH thesis and why institutions that understand pristine collateral are quietly becoming the biggest ETH bulls.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro3:06 - Vivek and Michael’s background on Wall Street5:18 - Core thesis: ETH is better money than BTC or gold10:03 - What is productive money?12:15 - Is Wall Street buying the story of ETH as productive money?16:02 - The institutional crypto bull market18:08 - Three demand drivers for ETH: gas, collateral, and staking20:53 - Why ETH wasn’t reaching its full potential until recently25:20 - What needed to happen in order for ETH to reprice?30:47 - Distribution channels: ETFs, Schwab, Tom Lee32:41 - Bitcoin's security budget problem33:33 - Ethereum’s censorship resistance, decentralization, and predictability39:54 - The path to $250,000 ETH price44:37 - Bitcoin's coordination problem vs Ethereum's shipping velocity46:02 - The Ethereum roadmap and AI accelerating scaling expectations51:43 - Principal risks to the $250k ETH thesis55:37 - What institutions still don’t understand about Ethereum58:19 - What’s Etherealize been working on?58:55 - Closing------🔗 GUEST LINKS► Etherealize website: https://www.etherealize.com/► Productive Money report: https://www.productivemoney.org/► Etherealize on X: https://x.com/etherealize_io► Vivek Raman on X: https://x.com/VivekVentures► Michael McGuiness on X: https://x.com/mikemcg0------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are long term holders of ETH.

Sam MacPherson is the CoFounder and CEO of Phoenix Labs, the core team behind Spark.Some DeFi protocols are burning through reserves, while others wait for the bull market to save them. Spark is doing neither.In a new episode of our Revenue Meta series, Sam breaks down the business behind Spark and how it's generating $27.8M in projected annual revenue (up from $23M since recording) across four business channels. We discuss what's being done with the $9.6M protocol surplus to better return value to SPK holders through programmatic buybacks and growth initiatives. We also cover the Spark Liquidity Layer managing over $2.3 billion in DeFi, CeFi, and TradFi. Sam has the latest on their upcoming CeDeFi prime brokerage called Spark Prime and what else is in store to get Spark back to earning a projected $80M in annual revenue.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:10 - Spark x Sky relationship4:03 - Spark products: Spark Savings, Spark Liquidity Layer, SparkLend9:22 - Team and operations behind Spark10:57 - How does Spark make money?13:42 - Spark’s revenue: $23M net returns, $13.6M opex, $9.6M surplus20:06 - How Spark DAO uses protocol surplus to return value to SPK holders22:14 - Spark DAO treasury and SPK buybacks26:56 - Who are Spark’s customers?32:57 - Which Spark product is driving more revenue?35:23 - Does Sky growth create tailwinds for Spark?38:44 - Is Aave’s reputation hit an opportunity for Spark and Sky?41:37 - Growth drivers for Spark next44:03 - Spark Prime, a CeDeFi prime brokerage46:22 - Sam’s growth goals for 202647:53 - Closing------🔗 GUEST LINKS► Spark website: https://spark.fi/► Spark Data Hub: https://data.spark.fi/► Spark Financials: https://data.spark.fi/financials► Spark on X: https://x.com/sparkdotfi► Sam MacPherson on X: https://x.com/hexonaut------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Ellis Osborn and Kevin Li are CoFounders of Saturn.This is the first episode in a new series by The Edge Podcast covering emerging DeFi builders. Ellis and Kevin break down how Saturn tokenizes STRC via two onchain assets, USDat and sUSDat. Michael Saylor and his team at Strategy built STRC to pay an 11.5% yield backed by Bitcoin. Saturn is building the DeFi layer on top of this STRC yield.We learn how Saturn's tokenized yield unlocks global access to STRC, higher leverage through the likes of Morpho, yield trading on Pendle, and risk tranching soon through Strata. They share more on why Saylor himself is so excited for what Saturn is working on to distribute STRC yield on Ethereum. We cover why digital credit might be superior to private credit, and how STRC could become "the risk-free rate of onchain finance."------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:21 - Saturn CoFounders background4:47 - Why build Saturn?6:57 - Why Michael Saylor’s excited for STRC in DeFi10:14 - Three major DeFi use cases for Saturn: looping, Pendle, and tranching14:59 - How does Saturn distribute STRC yield onchain?15:58 - Where does STRC yield come from?17:06 - Why 2-token design with USDat vs sUSDat18:48 - Is USDat a stablecoin?20:56 - How STRC vs USDat peg works24:29 - The opportunity for STRC to grow alongside $1M BTC28:37 - Demand for STRC digital credit will eat into fixed income31:50 - DeFi is starving for a yield like STRC35:43 - Can STRC become the risk-free rate onchain?37:20 - Saturn means 24/7 trading of STRC onchain39:16 - The impact of perps for STRC41:46 - How far could STRC reasonably drop below $100?43:50 - What’s live now on Saturn?45:23 - Closing------🔗 GUEST LINKS► Saturn website: https://saturn.credit/► Saturn on X: https://x.com/saturn_credit► Ellis Osborn on X: https://x.com/ellisp_osborn► Kevin Li on X: https://x.com/kevinlhr88► Nomatic's write-up on STRC: https://www.the-edge.xyz/p/strc-the-birth-of-bitcoin-credit------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic both have BTC exposure and were angels in Saturn's pre-seed. DeFi Dad and Nomatic do not hold STRC or MSTR.sUSDat is only available to eligible participants outside the United States only.sUSDat holders are currently earning 11.5%+ APY. This is not an offer or solicitation to buy or sell any security in any jurisdiction where prohibited, including to U.S. persons.Nothing in this podcast constitutes investment advice. Yield is not guaranteed and may vary."Backed by Bitcoin" refers to collateral structure only and does not imply capital protection or risk elimination.Saturn's Terms and Conditions https://saturn.credit/legal/terms-conditions

Chaitanya Jain (CJ) works on the Bitcoin team at Strategy.Most people know Strategy for its outspoken BTC bull Founder Michael Saylor and second, for buying billions in BTC, but more of you ought to learn about the financial instruments they've engineered, backed by BTC as digital capital that appreciates over time.In this episode, CJ breaks down how Strategy’s flagship STRC works, a perpetual preferred stock with a stable $100 price and 11.5% annual yield paid monthly in tax-deferred cash dividends. We dive into the ambitious plans at Strategy to target a $300 trillion fixed income market with STRC and how that could impact the price of BTC long term. We also dive into how DeFi teams are already tokenizing STRC to bring it onchain.------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:46 - CJ’s background and role at Strategy7:23 - What Strategy actually does with Bitcoin10:40 - Why Strategy chose to offer perpetual preferred equity14:58 - Which Strategy instrument is most senior?16:44 - How AI helped design Strategy instruments19:18 - What is STRC? Stable price, 11.5% yield, monthly dividends23:23 - Where does STRC yield actually come from?26:14 - ATM program for raising capital to buy more BTC29:21 - How does STRC enable Strategy to accumulate BTC in the bear36:49 - STRC could serve $300T fixed income market + the impact on BTC41:48 - Difference between MSTR vs STRC investors44:36 - Who is buying STRC right now?47:04 - Teams tokenizing STRC for DeFi51:41 - What are the real risks for STRC?55:00 - Would Strategy ever sell BTC?57:50 - Why STRC is Strategy’s “iPhone moment”1:01:55 - Closing------🔗 GUEST LINKS► Strategy website: https://strategy.com/► Strategy on X: https://x.com/strategy► CJ on X: https://x.com/cj_bitcoin► Nomatic's write-up on STRC: https://www.the-edge.xyz/p/strc-the-birth-of-bitcoin-credit------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic both have BTC exposure.

Matthew Fisher is CEO of Katana.Many L2s have launched, hoping the apps show up. Katana is taking a different approach, building apps itself and designing the economic engine from day one to make this all possible.In this episode, Matthew breaks down how vaultbridge assets like vbETH and vbUSDT redirect real yield from Ethereum Mainnet to active DeFi participants on Katana, why they acquired the team behind IDEX to launch Katana Perps, and their roadmap to onboard major liquidity from CEXs like OKX and fintechs like Revolut who can route liquidity through Katana for yield.------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🕛 NOON | The highest and safest stablecoin yield, built for the long term🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:04- Matthew’s background in DeFi6:24 - Katana’s origin story10:25 - vbTokens and why yield goes to DeFi participants, not holders12:00 - How the vaultbridge actually works with Morpho on Ethereum17:38 - Vitalik’s L2 comments and Ethereum alignment21:50 - How Katana can win over users as a DeFi hub25:12 - IDEX acquisition and Katana Perps launch28:06 - 5 revenue-generating businesses for one network30:55 - Built for both retail and institutions32:51 - ve(3,3) flywheel at the network level on Katana44:35 - KAT vs vKAT vs avKAT48:08 - OKX Earn and Binance programs powered by Katana52:29 - Katana’s endgame to tap into fintech liquidity54:32 - Why Katana is strategically aligned with Polygon59:20 - What Matthew's most excited for in 6-12 months1:01:26 - Closing------🔗 GUEST LINKS► Katana website: https://katana.network/► Katana on X: https://x.com/katana► Katana Perps website: https://perps.katana.network/► Katana Perps on X: https://x.com/katanaperps► Matthew on X: https://x.com/mfisher10x------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad earned ~$500 of KAT in the airdrop and voluntarily staked it as avKAT in a demo edited into the pod. Katana has been a sponsor of The Edge Podcast but we do not accept paid guest slots. We believe Katana has an interesting story given its use of vbAssets and ve(3,3) mechanics at the network level.

Nick Forster is CoFounder and CEO of Derive.Every year since 2021, we've said onchain options would be huge, but it's never played out, until now. Derive has captured 90-95% of onchain options volume while competitors all died or pivoted to perps. The inflection point has arrived.In this episode, Nick explains why he stayed the course building the hardest product in DeFi, how Yieldmageddon is bullish for the growth of options, and why institutional funds are now turning to onchain options for yield generation. The thesis was right. The timing was just early. And the network effects now make Derive's moat nearly impossible to replicate.------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🕛 NOON | The highest and safest stablecoin yield, built for the long term🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification⚔️ KATANA | Deep liquidity & real yield👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:27 - Why Nick bet on onchain options in 20214:10 - Derive is the largest onchain options exchange5:28 - Building “the infinite payoff factory”11:59 - Why not pivot to perps when everyone else did14:00 - The inflection point: What changed in the last year16:37 - How RFQ (request for quote) works for institutional size18:04 - Yieldmageddon, the end of the basis trade and TVL deals22:19 - Vaults and structured products being built on Derive24:17 - Is there an LP pool-style product being built for Derive?25:17 - From Lyra's AMM to Derive's CLOB28:20 - What options markets are live today?29:09 - Which networks Derive supports via its appchain30:26 - HYPE options driving new growth31:36 - What if Hyperliquid launched options?35:53 - Why options markets have stronger network effects39:17 - Will Derive support RWA options markets?44:14 - Who trades on Derive?46:13 - Growth charts: From 0.15% to significant market share48:43 - Why options are countercyclical51:09 - DRV token: All value flows through the token55:08 - The story behind Synthetix’s acquisition proposal57:43 - How big can Derive grow in options trading?1:00:27 - What's next?1:02:03 - Closing------🔗 GUEST LINKS► Derive website: https://derive.xyz/► Derive on X: https://x.com/derivexyz► Nick on X: https://x.com/itseneff------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Arpan Gautam is the Founder of Noon.After years at McKinsey and Goldman, Arpan was led to build institutional-grade yield products in DeFi. Noon now delivers one of the highest performing stablecoin yields (9% APY the last 30 days) while DeFi's biggest competitors sit at 4-6%.In this episode, we cover:+ How Noon's multi-strategy yield engine combines DeFi, CeFi, and TradFi to outperform competitors+ Why private credit, leverage looping, and institutional access remove the gatekeepers on high-yield products+ What institutions actually want: yield, infrastructure, and risk management+ Noon's newly launched tBTC yield vaults------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification⚔️ KATANA | Deep liquidity & real yield👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:27 - Arpan’s background3:58 - Why choose to build in DeFi7:58 - What institutions want: Yield, infrastructure, and risk management14:08 - Retail vs. institutional: Navigating the changing DeFi landscape18:05 - What is Noon? “The highest, safest stablecoin yield”23:57 - Evolving beyond self-reported transparency dashboards27:29 - Noon's multi-strategy yield engine: DeFi, CeFi, and TradFi32:53 - How Noon achieves 9%+ yields: Removing gatekeepers and accessing institutional products36:44 - Private credit exposure and why the risk is acceptable for Noon41:31 - New Noon tBTC yields and strategies44:41 - NOON token launch: transferability, staking, and LP vault50:02 - Closing------🔗 GUEST LINKS► Noon website: https://noon.capital/► Noon on X: https://x.com/noon_capital► Arpan on X: https://x.com/ag_noon------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. Noon has been a sponsor of The Edge Podcast but we do not do paid guest slots. We believe Noon has a compelling story to spotlight given their standout yield products.

Felipe Montealegre is the Founder and CIO of Theia.A liquid crypto investment fund explains why they believe the four-year token bear market is coming to an end and how they're deploying capital. Felipe explains why his team concluded 99% of crypto tokens, excluding a few SoV tokens, should be valued on discounted cash flows and how that view kept them out of certain overvalued L1s and L2s. Plus, more on positioning for what Felipe calls "the best opportunities in four years!"In this episode, we cover:+ Why the bear market is ending: reasonable valuations, tokenholder rights, and revenue growth+ Understanding Edge vs. Brier scores: why being contrarian and right beats just being right+ The real bottleneck for RWAs: the need for financially sophisticated underwriters, not more engineers------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🕛 NOON | The highest and safest stablecoin yield, built for the long term🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification⚔️ KATANA | Deep liquidity & real yield👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:00 - Who is Theia?4:02 - AI tools accelerating research10:37 - How Felipe’s team applies mental models to investing18:46 - The 4-year token bear market and why it was necessary24:15 - Tokenholder rights: What they are and why they matter28:37 - Thoughts on Across token buyout32:08 - Signs the token bear market is ending35:23 - Do you believe in the four-year cycle?39:19 - What is MetaDAO and futarchy?49:56 - What Theia looks for in liquid token investments56:18 - "Bear markets are where you make all your money"58:12 - Making the case to invest in high integrity founders1:01:14 - Real RWAs vs. narrative RWAs1:04:40 - The real RWA bottleneck: Why we need underwriters, not engineers1:06:35 - The investment manager of the future1:11:28 - Why major VCs are pivoting away from crypto1:16:57 - Brier vs Edge: Why being contrarian and right beats being right1:21:25 - How to find edge when DeFi is full of duopolies1:26:35 - Closing------🔗 GUEST LINKS► Theia and Felipe on X: https://x.com/TheiaResearch► Theia Mental Models: https://www.latticeworkofmentalmodels.com/------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Hart Lambur is the CoFounder of Across.We host a timely new discussion on the reasoning behind the first ever major token buyout in DeFi, a proposal to convert ACX tokenholders into equity shareholders of a traditional private company for Across. Hart explains how the $25M treasury would finance the buyout, and the vision for Across's future as stablecoin infrastructure where "$1 equals $1" and users pay nothing to move money across chains.In this episode, we cover:+ Why the token model isn't working: DAO governance challenges and misaligned incentives+ How the buyout works: token-to-equity conversion, and who can participate+ The new business model: Free stablecoin movement powered by intents, with issuers paying fees instead of users------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🕛 NOON | The highest and safest stablecoin yield, built for the long term🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification⚔️ KATANA | Deep liquidity & real yield👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:27 - Hart’s background with Risk Labs4:46 - Big announcement: Across token buyout proposal9:13 - How the token buyout works: rolling into a private entity10:58 - History of the ACX token: Why it launched and what wasn't working14:26 - High FDV tokens and broken markets18:54 - Token governance challenges20:13 - ACX token ownership: DAO, investors, and retail breakdown24:32 - Token to equity conversion25:35 - $25M Across treasury will finance the buyout28:38 - New business: Making stablecoin movement free for users36:09 - Why DAOs struggle with B2B contracts vs private companies40:39 - How the new business works between Across and stablecoin issuers42:28 - What are intents and how they power Across's "$1 = $1" vision45:58 - Three paths to success47:30 - Closing------🔗 GUEST LINKS► Across website: https://across.to/► Across proposal: https://forum.across.to/t/the-bridge-across/2097► Hart's thoughts on token buyout: https://x.com/hal2001/status/2031737518505537907?s=20► Across on X: https://x.com/AcrossProtocol► Hart on X: https://x.com/hal2001------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Davide Crapis is an AI Lead at the Ethereum Foundation.AI agents are already choosing which blockchains to use. Davide Crapis, AI Lead at the Ethereum Foundation, explains why Ethereum is building the infrastructure to win them over and what the internet of agents looks like in the near future.In this episode, we cover:+ Why AI agents are rational actors when choosing chains+ From experiment to infrastructure: How ERC-8004 creates the railway for agent economies+ Ethereum's most underappreciated advantage: ZK protocols for verification and privacy+ The future of agents hiring each other with onchain payments------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🕛 NOON | The highest and safest stablecoin yield, built for the long term🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification⚔️ KATANA | Deep liquidity & real yield👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:21 - Davide’s background5:10 - AI doomers vs. reality: Separating signal from noise in AI discourse12:18 - What is the dAI team at the Ethereum Foundation?13:32 - What is an AI agent?15:42 - Which blockchain will AI agents choose? (and why Ethereum)19:14 - Would AI agents ever design their own blockchain?21:37 - The AI agent mania, from memecoins to infra25:38 - Explaining ERC-8004, agent-to-agent commerce31:03 - Identity and reputation for AI agents34:54 - Thoughts on OpenClaw mania37:55 - Top use cases for AI agents on Ethereum39:58 - Ethereum's most underappreciated advantage for AI 41:16 - What matters when agents are the primary users?46:22 - What does the internet of agents look like 5 years from now?49:27 - How AI agents will change the UI we use today52:12 - The future of AI coordination on Ethereum55:23 - Closing------🔗 GUEST LINKS► Davide's personal website: https://davidecrapis.notion.site/► Davide Crapis on X: https://x.com/davidecrapis► ERC-8004 proposal for trustless agents: https://eips.ethereum.org/EIPS/eip-8004------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Gil Santos is Lead Quant at Credora, and Marcin Kazmierczak is CoFounder of RedStone, which recently acquired Credora.We dig into why DeFi desperately needs credit ratings, how Credora is building them, and why this is the missing piece for institutional capital to flow onchain. Gil explains the problem: DeFi has transparency of transactions but opacity when it comes to risk. You can see every trade onchain, but you can't tell if a Morpho vault is genuinely safer than another. Credora is building the Moody's and S&P for DeFi—real-time, dynamic risk ratings that update as market conditions change.In this episode, we cover:+ Why DeFi needs a ratings protocol ($10B rated, 80% Morpho TVL coverage)+ The L2Beat parallel: Raising standards for the industry+ How Credora ratings work: assessment from collateral → markets → vaults+ 2026 vision: Stablecoins to $1T, fintechs offering rated yields to retail------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:26 - Gil’s background 3:28 - RedStone’s acquisition of Credora5:48 - Problems in DeFi: Risk, trust, and information asymmetry9:26 - The history of credit ratings in TradFi15:17 - What is Credora for DeFi?16:39 - How do Credora ratings work?19:54 - Rating scale in crypto vs. TradFi22:08 - Probability of significant loss: What the ratings actually measure27:19 - How Credora makes money without compromising credibility31:55 - How vault curators opt in to ratings (and Morpho's role)36:19 - How much is automated? Dynamic ratings vs. human oversight38:09 - Rating RWAs, derivatives, and tokenized commodities41:11 - Why Credora won't become the "big bad ratings agency"44:29 - Institutions coming onchain and the L2Beat parallel47:53 - Institutions already demanding ratings48:44 - Credora revenue and RED tokenomics: Post-acquisition strategy51:00 - Long-term vision: Rating everything and raising standards51:53 - 2026: Fintechs, prediction markets, and onchain parameter updates53:57 - Why DeFi-mullet products could benefit from Credora57:18 - Closing------🔗 GUEST LINKS► Credora website: https://credora.network/► RedStone website: https://www.redstone.finance/► Credora on X: https://x.com/credoranetwork► RedStone on X: https://x.com/redstone_defi► Marcin on X: https://x.com/MarcinRedStone► Gil on X: https://x.com/gil_n_santos_------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are investors in RedStone.

Gabriel Shapiro is a top legal expert in cryptoassets and tokenization, who is now Founder of MetaLeX, where he's building onchain legal entities and tokenized securities infrastructure.We dig into Vitalik's recent tweet about refocusing on Ethereum L1 scaling, why Ethereum's commitment to maximum decentralization matters, and the evolution of L2s. Then Gabriel dives into why you don't actually own your stock and how that figures into the emerging RWA sector. We explore why this system exists, why most RWA tokenization recreates the same broken intermediaries, and how MetaLeX is building true ownership onchain.In this episode, we cover:+ Why Ethereum is refocusing on L1 scaling and what it means for L2s+ The Cede & Co revelation: how stock ownership actually works+ Three tokenization philosophies (and why most recreate the problem)+ BORGs: Cybernetic organizations that merge legal entities with smart contracts+ Unbreachable legal agreements using private keys as legal authority+ How MetaLeX replaces Carta + AngelList + DocuSign atomically+ AI agents spinning up their own companies with legal personhood------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:54 - Vitalik’s viral tweet to refocus on scaling Ethereum L15:26 - Why did Ethereum move to L2s in the first place?8:54 - The decentralization vs. scale trade-off: Why L2s took a different path13:01 - If the trilemma is solved, have L2s lost leverage?14:37 - What this changing dynamic could mean for L2s18:16 - What is Stage 2 and why some L2s avoid it20:10 - The problems with RWA tokenization today22:21 - Why you don't actually own your stock26:13 - Why the system exists and the three ways to tokenize securities28:40 - Where Canton sits in the tokenization landscape32:19 - Custodial tokenization risk: How DTCC could influence hard forks34:54 - What is MetaLeX? And how we get to real ownership of RWAs onchain42:08 - What is a BORG? Cybernetic organizations explained43:42 - MetaLeX V2: Unbreachable legal agreements48:11 - Replacing Carta + AngelList + DocuSign + law firms atomically53:54 - Can agents spin up their own companies?58:34 - What drives Gabriel: Cyberpunk dreams1:03:18 - Next 12 months, progress towards Ethereum's true corporate finance layer1:06:23 - Robinhood's tokenized stocks approach1:11:21 - Closing------🔗 GUEST LINKS► MetaLeX website: https://metalex.tech/► Gabriel's 2018 post on Tokenizing Corporate Capital Stock: https://metalex.substack.com/p/tokenizing-corporate-capital-stock► MetaLeX on X: https://x.com/MetaLeX_Labs► Gabriel Shapiro on X: https://x.com/lex_node------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. Gabriel, DeFi Dad, and Nomatic all hold ETH.

Mike Silagadze is the CoFounder and CEO of ether.fi.Ether.fi is building crypto's own Revolut, a fully integrated banking experience that's self-custodial, with lower fees and higher rewards than traditional fintech. In Q4 2025, ether.fi Cash hit $126M in card spending, up 160% quarter over quarter, making it the largest non-custodial crypto card.Mike breaks down the business model (Stake, Liquid, Cash), how they survived October 10th with zero liquidations, and why 2026 is the year they go mainstream.In this episode, we cover:+ How Cash revenue is diversifying the business beyond ETH exposure+ Why they're not another DeFi casino+ $50M revenue in 2025, forecasting $100M+ in 2026+ Token holder rights and why value accrual must be enshrined+ Tokenized stocks and gold coming in March 2026------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:25 - ether.fi's business model: Stake, Liquid, Cash2:30 - TVL vs revenue, what ether.fi optimizes for6:22 - How Cash is tripling revenue share and diversifying the business8:51 - How ETH price affects ether.fi's revenue10:25 - Digital asset treasury partnerships11:47 - How ether.fi survived Oct 10th with zero liquidations17:22 - ether.fi Cash hit $126M in spending Q4 (160% QoQ growth)19:35 - Why ether.fi is the largest non-custodial crypto card22:54 - Customer acquisition costs25:33 - Is the card business profitable on its own?26:29 - The $100B corporate card opportunity30:39 - Team of 38 employees, staying lean32:07 - 2025 revenue: $50M (up from $25M in 2024)34:31 - Token holder rights: Why value accrual must be enshrined41:03 - The buyback debate, why ether.fi does them anyway44:28 - What if BlackRock ever acquired ether.fi?48:47 - Going mainstream beyond DeFi (millions of users)50:18 - Vaults as essential infrastructure for a DeFi bank52:58 - Mr. Beast's neofinance app, competition or rising tide?54:17 - Tokenized stocks and gold coming in March 202657:10 - Closing------🔗 GUEST LINKS► ether.fi website: https://ether.fi/► Token Terminal ether.fi Q4 2025 Report: https://x.com/tokenterminal/status/2019121507331604772?s=20► ether.fi on X: https://x.com/ether_fi► Mike on X: https://x.com/mikesilagadze------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad invested in the seed round for ether.fi.

Leo Lanza is a well known Ethereum investor and content creator.Markets are panicking. ETH is down 50% from its all-time high. Sentiment across all crypto markets is at multi-year lows. But Leo remains steadfast.He breaks down why Ethereum can't be replicated, why the four-year cycle is breaking, and how the CLARITY Act could be crypto's biggest catalyst ever. He explains why ETH is valued like gold or oil, not a tech stock, and walks through the math behind his $80,000 price target.In this episode, we cover:+ Why Ethereum is like Netflix replacing Blockbuster+ His $80,000 ETH thesis+ Why the CLARITY Act changes everything for institutional adoption+ L2s as Ethereum's weapon for distribution and growth+ What could break Leo's bull case------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro3:04 - Leo’s background4:18 - Why focus on Ethereum?5:45 - Why Leo came out swinging when Ethereum was being attacked9:46 - ETH is not a tech stock: It's like gold or oil18:02 - The $80,000 ETH price target and how we get there20:39 - The four-year cycle is breaking: Liquidity vs. halving28:32 - Are we in a bear market or just a pullback?34:52 - The CLARITY Act: Crypto's biggest catalyst ever41:23 - Tokenization: The $100 trillion opportunity44:15 - Private blockchains are smoke and mirrors46:56 - DTCC is a dinosaur trying to survive52:22 - Vitalik's L2 tweet: What he actually meant1:00:06 - Rapid fire: ETH flips BTC, TVL matters most, scaling misconceptions1:03:05 - When clarity passes, what will the market get wrong?1:04:06 - What signal would tell us the BTC 4-year cycle is broken?1:05:46 - When will ETH reach new highs?1:06:26 - ETH hits $80K when TVL reaches $3 trillion1:07:13 - What could break Leo’s bull case?1:09:44 - Closing------🔗 GUEST LINKS► Leo's YouTube: https://www.youtube.com/@l3olanza► Leo Lanza on X: https://x.com/leolanza------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad, Nomatic, and Leo all hold ETH.

Vlad Novakovski is the Founder and CEO of Lighter, a high-performance ZK-based perps and spot exchange, built on Ethereum.A year ago, Lighter hadn't even launched. Today it's processing billions in daily volume, handling 500 million orders at a total cost of around $50K. Vlad's background spans STEM Olympiads, Harvard at 18, Citadel trading, and being an early advisor to Robinhood. Now he's building the infrastructure layer for when TradFi and DeFi merge.Vlad breaks down how Lighter achieves centralized exchange performance on Ethereum, what Robinhood's $68M investment means for tokenized equities, and the post-TGE reality for LIT: token down, volumes pulled back, but fundamentals unchanged.In this episode, we cover:+ Scaling Ethereum's top perps DEX+ Robinhood's $68M bet and tokenized equities+ LIT token utility and value capture+ Roadmap: options, prediction markets, fixed income------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:19 - Vlad’s background6:47 - What is Lighter? Five goals, one platform10:36 - How ZK proofs enable high-performance trading on Ethereum14:41 - Processing 500 million orders a day16:33 - Why Lighter was at Bitmine's annual shareholder meeting18:32 - Robinhood's $68M investment and the tokenized equities opportunity22:16 - The competitive landscape: Lighter vs. Hyperliquid and CEXs26:33 - How the LLP works and how it differs from other DEX LPs29:51 - The LIT token launch: What went well 31:45 - Post-TGE reality and the marathon ahead33:48 - LIT token utility: Staking, fees, and LLP access37:31 - Revenue and buybacks, what drives LIT value39:43 - The new Lighter mobile app41:03 - DeFi is not antithetical to regulators43:00 - What’s next? Tokenized stocks, options, prediction markets45:12 - Closing------🔗 GUEST LINKS► Lighter website: https://lighter.xyz/► Lighter on X: https://x.com/lighter_xyz► Vlad Novakovski on X: https://x.com/vnovakovski------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

David Choi and Conor Moore are CoFounders of Permian Labs, the builders behind USDai.AI infrastructure is projecting trillions of dollars in CapEx spend, but there's a problem: traditional finance can't keep up. Banks move too slow. Private credit funds can't scale. The most important commodity in the world has no liquid debt market.USDai is filling this gap by financing AI infrastructure with GPU-backed loans, offering stablecoin depositors 10-15% APR. David and Conor break down how they're using DeFi rails and tokenization to create liquid debt markets for GPUs, enabling institutional borrowers to access capital and retail users to earn yield on productive AI infrastructure.In this episode, we cover:+ Why trillions in AI CapEx can't get traditional financing+ How USDAI structures loans against GPUs, not businesses+ Why this could become "the interest rate of artificial intelligence"+ Their two-token model: USDai vs. sUSDai------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:45 - Founders background from NFT lending to AI infra5:52 - “The more you know the price, the less money you make”8:51 - The AI infrastructure financing gap, trillions in CapEx, no capital15:22 - What is structured credit and why does it matter?19:33 - How USDai GPU-backed loans work24:54 - Addressing the Pine Analytics critique: Lagging utilization34:13 - Why AI infra borrowers can use crypto rails36:00 - Real-time GPU monitoring with Chainlink oracles36:51 - “Mercenary capital” vs common sense capital39:14 - Why launch the token before full PMF?42:34 - Are USDai borrowers riskier to lend to?45:26 - Warehouse receipts and UCC 12: How USDai tokenizes GPUs50:58 - Managing GPU depreciation risk53:28 - What keeps the founders up at night54:05 - USDai vs. sUSDai, the two-token model explained58:25 - The CHIP governance token59:10 - What’s next: The road to $1B in loans1:00:21 - Closing------🔗 GUEST LINKS► USDai website: https://usd.ai/► USDai on X: https://x.com/USDai_Official► David Choi on X: https://x.com/0xZergs► Conor Moore on X: https://x.com/_ConorMoore------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Benjamin is the Founder of Cap and DeFi Dave is the Founding Head of Growth.Token launches are broken. Founders pay exchanges 5-10% of supply, airdrop to farmers who dump immediately, and wonder why everything goes to zero. Benjamin calls it "the conveyor belt to death." Cap is breaking the playbook: no CEX listing fees, no token airdrops, and no TVL deals paid in tokens. Instead, they're doing the first-ever Stabledrop—$12 million in stablecoins to early supporters, funded by their upcoming ICO on Uniswap.In this episode, we cover:+ Why the status quo token launch playbook leads to death+ The Stabledrop: How $12M in stablecoins rewards early users+ Cap's three rules: No airdrops, no CEX fees, no token TVL deals+ ICO mechanics on Uniswap and who's eligible------💎 THIS EPISODE'S PARTNERS🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:34 - Breaking the playbook: Cap's three fundamental rules15:54 - What is Cap and how it works?16:49 - The Stabledrop: Airdrops reimagined with stablecoins18:17 - How founders and the community responded19:24 - How is the Stabledrop calculated?25:06 - Homestead Program: Double points in first month27:21 - How the $12M Cap Stabledrop works29:44 - CAP ICO mechanics: How the Uniswap sale works Feb 9th35:50 - Closing------🔗 GUEST LINKS► Cap website: https://cap.app/► Official Cap Stabledrop details announced: https://x.com/capmoney_/status/2019079426823303371?s=20► Cap on X: https://x.com/capmoney_► Cap Labs Limited on X: https://x.com/caplabslimited► Benjamin on X: https://x.com/Benjamin918_► DeFi Dave on X: https://x.com/defidave22------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic invested in the Cap seed round.

Grant is the Founder & CEO of Blocmates, and 563 is Head of Research.Crypto is winning, but tokens aren't. Headlines that would have pumped markets 30-40% in 2021 barely move prices today. There's a massive disconnect between fundamentals and price action--record adoption, institutional integration, real-world use cases, yet token prices are bleeding. Grant and 563 break down why this paradox exists, where the industry goes from here, and what actually matters this year in their newly published Blocmates 2026 Thesis.In this episode:+ The paradox: Why fundamentals are up but token prices are down+ Token distribution and fixing tokenholder rights for real ownership+ Why we don't need more L1s and what wins: distribution or innovation+ ZK as the unlock for Ethereum scaling and new on-chain products+ Where Blocmates is deploying capital in 2026------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🥞 SYRUPUSDC BY MAPLE | DeFi's premium yield asset🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro 1:40 - Blocmates 2026 thesis overview4:37 - Crypto is winning, tokens aren’t, the paradox explained16:53 - The token distribution problem: founders vs. community expectations21:06 - Why we don't need more general-purpose chains23:41 - Distribution vs. innovation: What wins in 2026?29:45 - Will TradFi rebuild, acquire, or partner with DeFi?34:28 - Fixing tokenholder rights: Tokens as real ownership41:29 - x402 is the start of something big45:32 - How ZK unlocks Ethereum scaling and new onchain products53:06 - Why demand for onchain privacy is coming56:33 - Could RWAs become the most traded assets onchain?1:00:18 - Why regulation could be crypto's biggest catalyst1:03:20 - Where Blocmates is deploying capital in 20261:06:56 - Closing------🔗 GUEST LINKS► Blocmates website: https://blocmates.com/► Blocmates on X: https://x.com/blocmates► Grant on X: https://x.com/Grantblocmates► 563 on X: https://x.com/563defi► The Blocmates 2026 Thesis: https://www.blocmates.com/articles/the-blocmates-2026-thesis------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Sun Raghupathi is CoFounder and CEO of Veda.DeFi is living through interesting times: record adoption, proven infrastructure, institutional interest—but low sentiment and struggling token prices. Sun calls this "the enterprise era for DeFi," where protocols that don't have a B2B strategy for the largest financial institutions may not survive. But here's the opportunity: for the first time, DeFi is actually ready for mainstream users. In fact, Kraken just launched new DeFi Earn vaults powered by Veda, giving millions of users instant access to onchain yields without leaving the Kraken app.In this episode, we cover:+ DeFi's enormous future in enterprise partnerships and distribution+ How Veda vaults work: custody, risk management, and yield strategies+ Breaking down Kraken's new DeFi Earn vaults+ Veda's business model and path to profitability------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🥞 SYRUPUSDC BY MAPLE | DeFi's premium yield asset🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:52 - DeFi’s identity crisis, record adoption vs sentiment5:35 - The value capture question, DeFi protocols or institutions?6:47 - Will businesses build or partner?12:15 - Enterprise DeFi predictions for 202615:05 - What are vaults and why does DeFi need them?17:35 - Not all vaults are created equally21:36 - Veda's evolution from ether.fi to enterprise vaults27:16 - Breaking down Kraken DeFi Earn, powered by Veda29:33 - Kraken DeFi Earn vault details38:21 - Human vs. AI curation for DeFi vaults40:36 - Integrating AI into Veda's vault system42:22 - What institutions need from Veda43:52 - Veda’s business model and path to profitability47:24 - Veda’s partners: ether.fi, Plasma, Mantle, and more49:29 - Will there be a VEDA token?50:02 - Closing------🔗 GUEST LINKS► Veda website: https://veda.tech/► Veda on X: https://x.com/veda_labs► Sun Raghupathi on X: https://x.com/sunandr_------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad invested in the seed round for Veda.

TN Lee is CoFounder and CEO of Pendle.Pendle generates revenue through two streams: YT fees (5% of all yield and points accrued) and swap fees from PT trading activity. The protocol settled $45 billion in value for PT holders in just 2025, nearly doubling revenue YoY as TVL grew from $6.9B to $13.4B. But the real story for 2026 is Boros, Pendle's new rates trading platform that's already hit $200M in open interest and is positioning itself as infrastructure for the explosive growth in onchain RWA and equity perps.In this episode of Revenue Meta, we cover:+ Pendle's dual revenue model+ Why vePENDLE is being replaced with sPENDLE+ How Boros enables traders to hedge funding rate risk on CEX/DEX perps+ 2026 growth strategy: RWAs, institutional adoption, and rates trading at scale------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🥞 SYRUPUSDC BY MAPLE | DeFi's premium yield asset🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:40 - What are Pendle V2 and Boros?5:58 - YoY growth in 20258:40 - Pendle's dual revenue model, swap fees and YT fees9:42 - TVL vs volume as drivers for revenue11:18 - $45B in value settled for PT holders12:42 - The October 10th flash crash and its impact17:05 - Why the vePENDLE model needed to change23:49 - Introducing sPENDLE31:16 - The team behind Pendle33:44 - Pendle's target customers in 202635:42 - Growth strategy and goals for 202641:51 - Key trends for 2026: RWAs, rates trading, and equity perps45:20 - How traders use Boros to hedge funding rate risk48:50 - Closing------🔗 GUEST LINKS► Pendle website: https://pendle.finance/► Boros website: https://boros.pendle.finance/markets► Pendle on X: https://x.com/pendle_fi► Boros on X: https://x.com/boros_fi► TN Lee on X: https://x.com/tn_pendle------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

The social contract is broken. Boomers keep getting bailed out while Millennials and Gen Z are told to buy bonds that yield less than inflation. Tyler Neville from Muddy Waters Capital and co-host of Forward Guidance, breaks down why traditional markets feel rigged, where real growth is happening, and what needs to happen for Bitcoin to break through $100K.In this episode:+ Why traditional markets feel rigged and the 60/40 portfolio is dead+ Frontiers to invest in: AI, space, energy, nuclear, and crypto+ How interest rates and bond volatility affect crypto+ What Bitcoin needs for new highs and the next mega bid for crypto------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🥞 SYRUPUSDC BY MAPLE | DeFi's premium yield asset🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:49 - Tyler's background and macro perspective4:07 - The 2026 macro landscape, how Boomers broke the system10:21 - Why markets feel rigged and the illusion of free markets18:10 - Where real growth is: space, AI, energy, and nuclear23:01 - Why bonds are dead for Millennials and Gen Z35:03 - Why we’re moving back to building real things40:26 - How interest rates and bond volatility affect crypto45:35 - Gold, silver strength, and what Bitcoin needs for new highs49:28 - What DeFi should have been (and can still become)52:17 - The next mega bid for crypto57:16 - Closing------🔗 GUEST LINKS► Tyler on X: https://x.com/Tyler_Neville_► Forward Guidance on X: https://x.com/ForwardGuidance------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Chris Bradbury and Jordan Jackson from Summer.fi break down how vaults are becoming the consumable layer for DeFi yield and why institutions are finally paying attention.DeFi yield hunting is exhausting. Constant research, endless transactions, protocol risk assessment: it's a full-time job. Summer.fi helps solve this by packaging the best yields into vaults with DAO-managed risk controls, allowing users to deposit once and earn passively.In this episode, we cover:+ How Summer curates and automates access to top-tier DeFi yields+ DAO governance and risk management+ Summer's institutional strategy and how fintechs can customize vault strategies+ SUMR token launch on Aerodrome and what's coming in 2026------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🥞 SYRUPUSDC BY MAPLE | DeFi's premium yield asset🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro + What is Summer.fi?2:58 - SUMR token design and structure8:36 - Making SUMR transferrable and Aerodrome launch15:07 - Curating the highest quality yields from top-tier protocols20:52 - Risk management and protocol curation33:29 - Institutional strategy and B2B integrations39:56 - How institutions customize their vault strategies45:13 - What’s coming in 2026, DAO-managed vaults and new yield sources51:02 - Closing------🔗 GUEST LINKS► Summer.fi website: https://summer.fi/► Summer Finance on X: https://x.com/summerfinance_► Chris Bradbury on X: https://x.com/chrisbducky► Jordan Jackson on X: https://x.com/samehueasyou------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Introducing Revenue Meta—a new series by The Edge Podcast spotlighting DeFi protocols that actually generate cashflows and return value to tokenholders.There aren't many protocols that can answer the simple question: How does your business make money? We're starting with Maple Finance, where CoFounder & CEO Sid Powell breaks down their revenue model, treasury management, and path from $30M to $100M ARR.In this episode:+ How Maple generates revenue through over-collateralized lending+ Revenue allocation: treasury management, buybacks, and building strategic reserves+ The roadmap to $100M ARR and how they grow their loan book+ Why Maple is a pure token play, no hidden equity, all value flows to SYRUP holders------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro5:16 - How Maple generates revenue7:20 - Maple revenue allocation and treasury management9:59 - Building Maple’s strategic reserve12:23 - How big must the book of loans grow to reach $100M ARR?13:29 - Strengthening Maple's balance sheet16:04 - Maple’s business is very scalable18:01 - The napkin math on Maple’s ARR growth from syrupUSDT21:40 - Operating under pro-crypto regulation24:30 - New products and innovations coming to Maple29:04 - SYRUP, one token for the Maple ecosystem30:39 - Closing------🔗 GUEST LINKS► Maple website: https://maple.finance/► Maple on X: https://x.com/maplefinance► Sid on X: https://x.com/syrupsid► Maple Dune dashboard: https://dune.com/maple-finance/maple-finance------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

DeFi Dad and Nomadic break down the biggest lessons from 2025 and share their playbook for navigating crypto in 2026.Every cycle feels familiar yet completely different, and 2025 proved that again. Bitcoin dominance stayed high, the altcoin rally never came, stablecoin supply rose to new highs, and institutional adoption accelerated faster than expected. Now we're looking ahead to what 2026 holds for crypto investors.In this episode:+ Why Bitcoin dominance stayed high and traditional cycle signals failed+ The year institutional adoption and friendly regulation became undeniable+ Our 7 predictions for 2026: ETH outperformance, stablecoins hitting $1T, RWA looping, agentic finance, and more+ Why patience and doing nothing might be your best edge in crypto------💎 THIS EPISODE'S PARTNERS♉︎ TOROS | Exponential gains with leveraged tokens🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification🕛 NOON | The highest and safest stablecoin yield, built for the long term⚔️ KATANA | Deep liquidity & real yield🔊 DECIBEL | The new sound of trading🥞 SYRUPUSDC BY MAPLE | DeFi's premium yield asset🏦 MANTLE | Innovating the future of onchain finance🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:12 - Why Bitcoin dominance never broke4:16 - 2025: The institutional adoption year7:27 - How regulation became a catalyst8:57 - Bull market top signals didn’t work this cycle12:26 - Will 2026 repeat 2018 or 2022?17:23 - What DeFi growing up taught us28:33 - Prediction #1: BTC and ETH grow as collateral 32:53 - Prediction #2: Stablecoins hit $1T (ETH wins)39:18 - Prediction #3: DeFi shifts to fundamentals43:00 - Prediction #4: CLARITY Act passes46:53 - Prediction #5: RWA looping explodes55:00 - Prediction #6: ETH outperforms1:03:30: Prediction #7: Agentic finance moment1:06:47 - Closing------🔗 MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Rob Hadick is a General Partner at Dragonfly.As we enter the new year, we discuss why we all believe crypto is entering its next phase beyond the Bitcoin 4-year halving cycle, as institutional adoption, stablecoins, and real fundamentals reshape the market outlook for 2026.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🛡️ ACCOUNTABLE | THE NEW STANDARD FOR REAL-TIME FINANCIAL VERIFICATION🕛 NOON | THE HIGHEST AND SAFEST STABLECOIN YIELD, BUILT FOR THE LONG TERM⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro1:27 - Background at Dragonfly5:57 - Crypto is moving into the institutional phase13:57 - Crypto’s pivot to fundamentals17:10 - Will the 4-year cycle repeat?22:15 - Outlook for crypto prices in 202627:49 - Opportunity to improve transparency in DeFi yields37:25 - Promise of privacy tech and zero-knowledge41:10 - What Rob got wrong in 202546:48 - Betting on stablecoin growth49:36 - Contrarian bullish ideas for 202653:22 - What’s next for Polymarket and prediction markets?56:59 - Closing------🔗 Guest Links 🔗► Dragonfly website: https://dragonfly.xyz/► Dragonfly on X: https://x.com/dragonfly_xyz► Rob on X: https://x.com/HadickM------Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.

Kaledora Fontana Kiernan-Linn is the CoFounder and CEO of Ostium.In this episode, we learn how Ostium is building a next-gen trading platform on Arbitrum, bringing deep liquidity to asset classes like commodities, equities, indices, and RWAs onchain, while pursuing a unique long-term vision to reinvent CFD-style market access through DeFi.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro and background10:47 - Why work in markets15:06 - Ostium genesis and vision23:31 - Overview of the Ostium platform26:10 - Leverage for different asset classes onchain30:19 - Liquidity challenges39:49 - The 100x opportunity and competitive advantages45:05 - How will Ostium use their $20M Series A50:05 - Closing------🔗 Guest Links 🔗► Ostium website: https://www.ostium.com/► Ostium on X: https://x.com/ostiumlabs► Kaledora on X: https://x.com/kaledora------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Kevin Lepsoe is the Founder of ETHGAS.What if Ethereum could feel instant? In this episode, we explore whether blockspace futures trading could pave the way toward a gasless, real-time Ethereum, and what that would mean for DeFi, MEV, validators, and the broader L2 scaling roadmap.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro2:03 - Kevin’s background7:18 - Why Ethereum9:45 - The vision for ETHGAS10:26 - Understanding real-time Ethereum12:40 - Impact on DeFi protocols like Uniswap21:14 - Supporting the L2 roadmap24:20 - Eliminating MEV and disrupting28:30 - Tradeoffs34:24 - Competition40:06 - Revenue potential and monetization 44:20 - Roadmap and rollout for ETHGAS45:56 - Early partners like ether.fi47:19 - Discussions with EF49:01 - Closing------🔗 Guest Links 🔗► ETHGAS website: https://ethgas.com/► ETHGAS on X: https://x.com/ethgasofficial► Kevin Lepsoe on X: https://x.com/lepsoe------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad, Nomatic, and Kevin all hold ETH. Since recording, DeFi Dad and Nomatic invested as angels in ETHGAS. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

William Mougayar is an author, entrepreneur, investor, and Ethereum advocate.In this episode, we explore why Ethereum shouldn’t be valued like a stock, but instead understood as a public good infrastructure, more like the Internet valued through the lens of dependence, economic flow, and trust.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro2:10 - William’s background and Ethereum’s genesis6:13 - Sponsor break8:45 - Crypto’s next era will be driven by fundamentals15:31 - Why the Internet is the right valuation comparison23:33 - Why Ethereum should be valued as a public good31:28 - The layers of the Internet vs Ethereum34:19 - How the Internet has been valued39:27 - Valuing Ethereum based on Internet valuation frameworks45:51 - What do we blame ETH’s mispricing on?58:20 - Closing------🔗 Guest Links 🔗► William's Ethereum report: https://ethmrc.com/the-internets-blueprint-for-ethereum-a-trillion-dollar-public-goods-valuation-framework/► William's blog: https://wamougayar.xyz/► Ethereum Market Research Center on X: https://x.com/ethereum_mrc► William Mougayar on X: https://x.com/wmougayar------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad, Nomatic, and William all hold ETH. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Wojtek Pawlowski and Ioan Moldovan are the CoFounders of Accountable.In this episode, we explore how real-time financial verification could help surface risk earlier across DeFi, CeFi, and even TradFi. The team behind Accountable explains how a new standard in verifiable, privacy-preserving reporting can change the way markets assess solvency, performance, and trust before problems escalate.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro7:38 - Founders’ backgrounds14:38 - The problem with “trust me bro” DeFi23:00 - Building for real-time financial verification25:18 - How Accountable preserves privacy32:53 - Real-time reporting for TradFi40:02 - What is a Data Verification Network?49:07 - Examples of Proof of Solvency dashboards56:42 - Marketplace for verifiable yields 1:00:16 - Live verifiable yield vaults on Accountable1:03:07 - How teams can get started with Accountable1:06:48 - Accountable business model1:08:43 - Closing------🔗 Guest Links 🔗► Accountable website: https://accountable.capital/► Accountable on X: https://x.com/AccountableData► Wojtek on X: https://x.com/VVojtek_P------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. Since recording, DeFi Dad has invested in Accountable. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Nick van Eck is the CoFounder and CEO at Agora.In this episode, Nick explains why he believes stablecoins are entering their "second inning," how enterprises are beginning to adopt stablecoins at scale, and what it actually takes to build payment infrastructure that operates at the speed of the internet.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro4:56 - History of Nick’s family in finance13:15 - Pitching crypto and stablecoins to friends17:39 - Seeing early opportunity in DeFi and stablecoins23:22 - Has crypto lost its magic?26:19 - Where are we in the adoption curve for stablecoins?29:33 - How Agora fits into the payments landscape34:25 - What does Agora actually do for clients37:31 - How Agora clients earn revenue40:05 - How Agora makes money43:07 - Competitors46:57 - Considerations for enterprises launching stablecoins49:04 - Opportunities in the stablecoin boom53:15 - Fundraising54:15 - What’s next55:26 - Closing------🔗 Guest Links 🔗► Agora website: https://www.agora.finance/► Agora on X: https://x.com/agorafinance► Nick on X: https://x.com/nick_van_eck------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Johann Kerbrat is Crypto General Manager at Robinhood.In this episode, we unpack why Robinhood built its own Ethereum L2 and how it plans to power 24/7 markets for tokenized stocks, digital assets, pre-IPO company trading, and the next wave of onchain financial products such as stablecoins and prediction markets.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro7:13 - Johann’s background10:18 - Robinhood leans into DeFi13:50 - The evolution of Robinhood’s services16:36 - Why Robinhood built an Ethereum L2 with Arbitrum24:26 - Sponsor break25:43 - Tokenization will unlock 24/7 markets30:12 - 1000 tokenized stocks trading onchain32:27 - Significance of access to trade pre-IPO companies 37:51 - Regulation remains a big challenge42:47 - Sponsor break44:35 - Advanced trading features46:18 - Robinhood prediction markets48:54 - Could Robinhood offer a token launchpad?50:37 - Stablecoins and the USDG initiative58:06 - Robinhood Ventures invests in Lighter1:02:08 - Could Robinhood ever offer crypto-backed loans?1:04:59 - Robinhood in 5 years1:06:47 - Closing------🔗 Guest Links 🔗► Robinhood website: https://robinhood.com/► Robinhood on X: https://x.com/RobinhoodApp► Johann Kerbrat on X: https://x.com/JohannKerbrat------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic hold ETH. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

David Schamis is the Founding Partner and CIO of Atlas Merchant Capital and now CEO of Hyperliquid Strategies.In this episode, David breaks down how serious seasoned investors think about valuing Hyperliquid, from the bull case for HYPE to the economics behind running the largest HYPE DAT in the world. We discuss what's unique about Hyperliquid, navigating mNAV dynamics as a DAT , and why Hyperliquid is well positioned to become financial infrastructure for bringing RWAs and Wall Street onchain.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro5:59 - David and Bob Diamond’s careers8:16 - How did they learn about Hyperliquid?14:02 - The bull thesis for valuing HYPE19:57 - Are regulators ready to embrace DeFi?25:04 - Sponsor break26:20 - Growing trade volume in HIP-3 markets30:23 - What is Hyperliquid Strategies?33:11 - Navigating market dynamics with mNAV44:52 - Sponsor break46:39 - Staking considerations for Hyperliquid Strategies49:47 - Operating expenses behind running a DAT52:02 - Merger + new PURR ticker53:26 - Insights into Jeff’s vision58:16 - Closing------🔗 Guest Links 🔗► Hyperliquid Strategies on X: https://x.com/hypestrat► David Schamis on X: https://x.com/dschamis------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. Nomatic holds HYPE. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Omnia is the CoFounder of Kinetiq.In this new episode of Yield Talks on The Edge Podcast, we dive into an overview of HIP-3 markets, Kinetiq’s token launch tomorrow, and what a Hyperliquid builder might speculate on happening next, following the upcoming one year anniversary of the HYPE airdrop.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🔊 DECIBEL | THE NEW SOUND OF TRADING🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro4:32 - What is Kinetiq?6:21 - Overview of HIP-39:19 - How will HIP-3 markets differentiate?16:15 - Who is trading HIP-3 markets?19:54 - Sponsor break21:12 - What else is Kinetiq building?25:47 - Importance of KNTQ launch28:20 - Why expand beyond liquid staking?33:42 - What should Hyperliquid bulls be paying attention to?39:43 - Sponsor break41:31 - Hyperliquid ecosystem maturing43:56 - Thoughts on upcoming team unlocks for HYPE53:22 - Will there be a new points program or token burn for HL?59:30 - Closing------🔗 Guest Links 🔗► Kinetiq website: https://kinetiq.xyz/► Kinetiq on X: https://x.com/kinetiq_xyz► Omnia on X: https://x.com/0xOmnia------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. Nomatic and DeFi Dad are angel investors in Kinetiq. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Sid Ramesh is the Product Lead for Crypto-Backed Loans at Coinbase.In this episode, we explore Coinbase's newly launched product for ETH-backed loans, built entirely on Ethereum DeFi using Morpho on Base. We unpack exactly how these loans work, why they matter, and what this means for the future of onchain loans. Sid Ramesh brings an insider view into Coinbase’s broader vision for permissionless financial products built on decentralized infrastructure like Ethereum.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro7:15 - Understanding the DeFi mullet concept9:10 - Benefits of Coinbase’s BTC-backed loans11:25 - The utility of cbBTC14:36 - Comparing DeFi-powered loans to TradFi loans17:46 - Coinbase loans vs failed platforms of prior cycles20:03 - Sponsor break21:18 - Coinbase launches new ETH-backed loans22:55 - Starting with ETH, but cbETH-backed loans soon23:58 - 3 major benefits of ease, cost, and support28:41 - Expanding to more collateral types in future30:58 - Security and risks with Coinbase loans33:44 - Why Coinbase builds on the Ethereum L2, Base 35:40 - Sponsor break36:59 - Success of BTC-backed loans at Coinbase39:28 - Use cases for Coinbase loans42:12 - No repayment schedule44:22 - Future of onchain lending and financial products47:53 - Coinbase’s vision for “the everything exchange”50:20 - Closing------🔗 Guest Links 🔗► Coinbase ETH-backed loans: https://www.coinbase.com/borrow► Coinbase on X: https://x.com/coinbase► Sid Ramesh on X: https://x.com/sidrmsh------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. Nomatic holds COIN while DeFi Dad and Nomatic both hold ETH. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

Sonya Kim and Romeo Ravagnan are CoFounders of 3F Labs.In this episode, we explore how 3F is pioneering the next generation of leveraged tokenized fund yield by bringing institutional-grade arbitrage strategies fully onchain. Sonya and Romeo break down how transparency, adjustable leverage thanks to bridge loans, and new legal frameworks will open the door for a new wave of professional capital entering DeFi while still offering the same tools to onchain retail investors.Note: This podcast was recorded before Stream Finance blew up, otherwise we would have likely commented on it and asked related questions.------🔗 Essential Show Links 🔗 ► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro6:07 - Sonya’s background at Steakhouse Financial10:26 - Romeo’s background at Abraxas17:33 - Appetite for institutional capital to come onchain20:02 - Challenges and opportunities for looping in DeFi24:21 - Sponsor break25:37 - The mission behind 3F33:31 - The rise of tokenized arbitrage funds38:44 - Example of how 3F works44:07 - Sponsor break45:26 - Adjustable leverage for higher yield seekers51:45 - Future asset classes to use 3F leverage53:25 - Closing------🔗 Guest Links 🔗 ► 3F website: https://3f.xyz/► Sonya Kim on X: https://x.com/sonyasunkim► Romeo Ravagnan on X: https://x.com/3f_romeo------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are angel investors in 3F. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

James Smith is Head of Ecosystem at the Ethereum Foundation.In this episode, we unpack everything Ethereum is building right now, some of it driven by initiatives at the Ethereum Foundation. From breakthroughs in zk technology and privacy to a growing wave of real-world asset tokenization poised to bring trillions onchain, this conversation highlights why we remain laser-focused on Ethereum. Our guest, James, is among the best at bridging the gap between builders and listeners, breaking down what’s being built across the Ethereum ecosystem in simple, relatable terms.------🔗 Essential Show Links 🔗► Newsletter: https://the-edge.xyz► Youtube: https://youtube.com/@DeFiDad► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------The Edge Podcast Sponsor Resources♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED------Timestamps0:00 - Intro6:37 - James's background10:06 - Philosophical differences that make Ethereum different18:37 - Ethereum Foundation’s new focus vs legacy EF24:31 - The incentives just make sense on Ethereum27:55 - Sponsor break29:11 - “The internet has no CEO," understanding decentralization37:14 - All the ways Ethereum is cooking39:30 - Building products for Wall St’s backend40:24 - Why zk is an enormous breakthrough44:20 - Sponsor break45:40 - Privacy will be a feature for many on Ethereum50:33 - Tokenization of RWAs on Ethereum is up only52:22 - What the Fusaka upgrade means for all of us54:12 - Future surprises coming from EF57:40 - The most misunderstood thing about the EF58:58 - Closing------🔗 Guest Links 🔗► EF website: https://ethereum.foundation/► EF on X: https://x.com/ethereumfndn► James Smith on X: https://x.com/james_gaps------All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic both are long term ETH holders. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.