The Edge Podcast

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271

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Jun 2026

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Join two seasoned crypto investors and DeFi power-users as they dive into the biggest stories shaping the future of digital assets—covering all you need to know about Ethereum, Bitcoin, and DeFi. Gain your own edge as an investor from comprehensive interviews with leading founders, investors, and developers you won’t hear elsewhere. For exclusive content, market updates, and DeFi yield opportunities, sign up for our free newsletter at the-edge.xyz.

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June 15, 2026Episode 23633 min

Altura: A Multi-Strategy Yield From Gold Trading, Funding Rates, and Private Credit | DeFi Frontier

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.

June 11, 2026Episode 23550 min

How Superstate Is Building The Bridge Between $700 Trillion In TradFi and DeFi

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🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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.

June 5, 2026Episode 23450 min

5 Revenue Streams Powering Jupiter's DeFi Super App | Revenue Meta

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)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets⚔️ 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.

May 30, 2026Episode 2331 hr 7 min

Why Private Credit Is Moving Onchain — And What DeFi Gets Right and Wrong About It

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)🏦 ALTURA | Bringing the yield institutions kept, to your wallet👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets⚔️ 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.

May 24, 2026Episode 23251 min

Strata: Why DeFi Is Finally Ready for Risk Tranching | DeFi Frontier

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)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets⚔️ 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.

May 20, 2026Episode 23129 min

Tori: Tokenizing 15% Yield From Institutional FX Markets, Uncorrelated With Crypto | DeFi Frontier

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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🟠 APYX | The first dividend-backed stablecoin (DBS)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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.

May 6, 2026Episode 23059 min

The Next Battle In DeFi Lending Is What's Inside Your Vault | DeFi Frontier

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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🟠 APYX | The first dividend-backed stablecoin (DBS)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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.

May 5, 2026Episode 22943 min

Rysk: How to Earn Stablecoin Yield with DeFi Options in 1-Click | DeFi Frontier

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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🟠 APYX | The first dividend-backed stablecoin (DBS)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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.

April 30, 2026Episode 2281 hr 15 min

The Alchemix Comeback: Vaults, Fixed Yields, 10x Looping, and Why They've Been Building V3 For Years

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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🟠 APYX | The first dividend-backed stablecoin (DBS)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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.

April 22, 2026Episode 2271 hr 0 min

The $250k ETH Thesis: Why Wall Street Is Betting ETH Beats Gold and Bitcoin

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🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🟠 APYX | The first dividend-backed stablecoin (DBS)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 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.