Conor Ryder is the Head of Research at Ethena Labs and Rob Montgomery is the Founder of InfiniFi Labs.

In this episode, we catch up on the latest news surrounding Ethena’s explosive growth scaling USDe and sUSDe, including how teams like InfiniFi are scaling yield strategies powered by underlying USDe/sUSDe. Plus, new details on Ethena’s upcoming L2 Converge and their recently announced ENA treasury vehicle, StablecoinX.

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🔗 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

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro
1:29 - The state of Ethena
4:29 - Sponsor break
6:42 - Importance of funding rates fueling Ethena’s growth
8:42 - What is InfiniFi?
11:00 - What happens when Ethena PTs, backing siUSD, mature?
13:46 - How does InfiniFi offer a better yield for sUSDe holders?
20:30 - What is Ethena’s Converge L2?
25:09 - Ethena’s grand vision is coming together
27:34 - Securitize partnership with Converge
28:17 - Sponsor break
30:34 - StablecoinX, an ENA treasury company
36:37 - Closing

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🔗 Guest Links 🔗

► Ethena website: https://ethena.fi/
► InfiniFi website: https://infinifi.xyz/
► Ethena on X: https://x.com/ethena_labs
► InfiniFi on X: https://x.com/infiniFi_
► Conor Ryder on X: https://x.com/ConorRyder
► Rob on X: https://x.com/RobAnon94

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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 investors in Ethena and InfiniFi. 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.

Kyle Reidhead is the Founder of Impact3 and Co-Owner of The Milk Road.

In this episode, we provide a comprehensive guide on ETH treasury companies, publicly traded firms focused on acquiring and staking ETH for their balance sheets, while tapping into DeFi to earn yield. We explore how these firms raise capital to buy more ETH, how staking/DeFi differentiates them from BTC treasury companies, why metrics like mNAV, share count, and ETH purchase-to-issuance ratio matter, and how this new Wall Street phenomenon is driving an outsized bid to buy a shrinking supply of ETH.

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🔗 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

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro
6:49 - Kyle, Impact3, and The Milk Road
12:00 - Why Kyle’s team is so long ETH
18:17 - Is it a DAT or ETH treasury company?
19:23 - What is mNAV and how the premium trades
23:54 - How publicly traded companies pivot to ETH DATs
29:11 - Importance of share count
31:26 - Sponsor break
32:36 - How ETH DATs raise money to buy more ETH
39:02 - Staking and DeFi yield for public markets
43:50 - Picking winners among ETH DATs
49:20 - The shift with ETH price leading sentiment
56:21 - ETH purchase / issuance ratio
59:29 - Sponsor break
1:01:05 - Key takeaways from recent talks with Joe Lubin
1:05:17 - BTCS is a standout as an operator
1:11:28 - Ethereum DeFi 2.0 comes next
1:17:20 - Risks
1:27:06 - Recent OTC ETH buy from EF
1:29:52 - When will the market top out?
1:31:03 - Closing

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🔗 Guest Links 🔗

► Strategic ETH Reserve website: https://strategicethreserve.xyz/
► Crypto Treasuries website: https://cryptotreasuries.com/
► Milk Road website: https://milkroad.com/
► Milk Road on X: https://x.com/MilkRoadDaily
► Impact3 website: https://impact3.co/
► Impact3 on X: https://x.com/Impact3Growth
► Kyle on X: https://x.com/kyleReidhead

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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. Kyle, DeFi Dad, and Nomatic all hold ETH and SBET. Kyle also holds BTCS. 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.

Kony is the Founder and CEO at GAIB.

In this episode, we discover how GAIB is transforming access to AI infrastructure by turning GPU compute into tokenized, yield-generating assets on Ethereum, blending DeFi innovation with real-world demand for neocloud financing.

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🔗 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

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro
8:04 - Demand to finance AI compute and neocloud providers
13:46 - How TradFi works with neoclouds providers
16:37 - Operators are excited to work with GAIB
19:17 - How tokenizing GPUs works
23:58 - Sponsor break
25:08 - Why compute is a valuable RWA
27:51 - What is the synthetic dollar AID?
29:42 - How does GAIB source and originate deals?
34:18 - What happens if GAIB borrowers default?
38:13 - Sponsor break
39:49 - A two-token design, plus estimated yield for sAID
42:27 - How do AID holders and GAIB make money?
46:38 - What’s next?
50:57 - Spice Points Program
53:09 - Closing

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🔗 Guest Links 🔗

► GAIB website: https://gaib.ai/
► GAIB on X: https://x.com/gaib_ai
► Kony on X: https://x.com/konyk001

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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 invested in GAIB's seed round. 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.

Suhail Gangji is the Founder at Portals.fi.

In this episode, we unpack DeFi trends we’re recently bullish on, and the ones that have us concerned, as we explore where UX has improved, where blowups could still happen, and how Portals.fi is positioning to make advanced yield strategies accessible to everyone.

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🔗 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

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro
7:30 - Suhail’s background and Portals.fi
11:45 - Has the DeFi UX really improved?
15:21 - Concerns for blowup risk in DeFi
20:46 - How Suhail assesses new DeFi for risk?
25:34 - Sponsor break
26:45 - Potential contagion from risk curators
33:22 - DeFi trends with staying power
39:53 - Fluid LPs offer new yield strategies
47:09 - Thoughts on Solana DeFi
48:41 - Sponsor break
50:18 - Will Portals.fi support HyperEVM yields?
52:54 - Are DAT stocks the biggest onramp for investors getting DeFi exposure?
58:33 - What is Portals.fi?
1:02:44 - Long term vision for Portals.fi
1:06:41 - Closing

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🔗 Guest Links 🔗

► Portals.fi website: https://portals.fi/
► Portals.fi on X: https://x.com/portals_fi
► Suhail on X: https://x.com/cryptonomik

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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 is an advisor to Portals.fi. 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.

DeFi Devin is the CoFounder and Chief Degen at GammaSwap.

In this episode, we break down how GammaSwap’s new gETH token aims to unlock sustainable 20–25% ETH yield by combining concentrated liquidity with delta-neutral strategies, all without relying on token incentives.

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🔗 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

🪄 NEWTON | SIMPLER CRYPTO UX WITH VERIFIABLE AI AGENTS

🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro + What is GammaSwap?
7:22 - How new Yield Tokens will manage concentrated LPs
10:39 - 20-25% yield for future gETH token
12:55 - Where the gETH yield comes from?
16:23 - Sponsor Break
17:30 - How will Yield Tokens operate in bull/bear/flat markets?
22:59 - ETA for GS Yield Tokens + points program
24:45 - Thoughts on lending protocols becoming DEXs
27:08 - Sponsor break
28:46 - Could GammaSwap be a source of yield for ETH DATs?
34:02 - How will users deposit into gETH?
36:43 - Closing

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🔗 Guest Links 🔗

► GammaSwap website: https://gammaswap.com/
► GammaSwap on X: https://x.com/GammaSwapLabs
► DeFi Devin on X: https://x.com/0xdefidevin

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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.

Jakub Wojciechowski and Marcin Kaźmierczak are the CoFounders of RedStone.

In this episode, we explore how RedStone is powering the next generation of RWAs onchain, from stablecoins to Apollo's ACRED, a tokenized private credit fund issued by Securitize. Get the inside knowledge on why RWA liquidity is primed to grow 1000x the next 10 years!

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🔗 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

🪄 NEWTON | SIMPLER CRYPTO UX WITH VERIFIABLE AI AGENTS

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro
6:05 - Why oracles matter, deUSD depeg story
9:35 - RedStone support for RWAs, sACRED explained
19:27 - Why Securitize chose RedStone as their oracle provider
23:55 - How much bigger can RWAs grow?
25:23 - Sponsor break
26:04 - How RedStone supports modular money markets
32:26 - RedStone Atom and shielding users from OEV
35:32 - RED value accrual
40:54 - Sponsor break
42:30 - RedStone’s multichain strategy
44:28 - RedStone Roadmap for 2025 and beyond
51:18 - Closing

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🔗 Guest Links 🔗

► RedStone website: https://www.redstone.finance/
► RedStone RWA Report: https://blog.redstone.finance/2025/06/26/real-world-assets-in-onchain-finance-report/
► RedStone sACRED Blog Post:https://blog.redstone.finance/2025/06/05/sacred-goes-defi-the-first-private-credit-fund-earning-onchain-yield/► RedStone on X: https://x.com/redstone_defi
► Jakub on X: https://x.com/kuba_redstone
► Marcin on X: https://x.com/marcinredstone

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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. Both DeFi Dad and Nomatic were angel investors in RedStone. 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.

Hyunsu Jung is CIO and Board Member at Hyperion. Max Fiege is an Advisor to Hyperion and a prominent Hyperliquid investor.

In this episode, we speak with the team behind Hyperion (formerly Eyenovia), the first NASDAQ-listed company to adopt HYPE as a crypto treasury reserve, diving into their recent $50M investment, HYPE staking plans, and a vision to become a leading validator on Hyperliquid.

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🔗 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

⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

📈 RUMPEL | TURN POINTS INTO PROFITS

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

------
Timestamps

0:00 - Intro
1:08 - Background for a HYPE reserve pubco
4:00 - Sponsor break
5:55 - The meaning of a crypto treasury reserve pubco
8:13 - Why focus on HYPE?
11:36 - What goes behind the scenes to create a crypto reserve pubco?
13:42 - Team size for average pubco like Hyperion
16:27 - Who is HYPD designed for?
18:30 - Sponsor break
19:12 - Finding competitive edge offchain
21:29 - Would Hyperion ever sell options?
22:38 - Partnership for staking HYPE with Kinetiq
28:23 - How Hyperion could tap into HIP-3
31:22 - Sponsor break
33:01 - Potential DeFi strategies for Hyperion
36:36 - How will Hyperion differ from other HYPE treasury pubcos?
38:10 - Where might mNAV land for future crypto treasury pubcos?
41:25 - Closing

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🔗 Guest Links 🔗

► Hyperion website: http://hyperiondefi.com/
► Hyperion on X: https://x.com/HyperionDeFi
► Max on X: https://x.com/fiege_max

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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.

In this episode, DeFi Dad and Nomatic break down Robinhood’s recent announcement around Robinhood Chain built with Arbitrum and Ethereum, plus their new perps trading, staking support, and stock token trading, and what it all means for the next wave of crypto adoption.

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🔗 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

🪄 NEWTON | SIMPLER CRYPTO UX WITH VERIFIABLE AI AGENTS

🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS

🤙 FAIR | THE FIRST L1 BLOCKCHAIN TO ELIMINATE MEV AT CONSENSUS

📊 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED

🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET

------
Timestamps

0:00 - Intro
6:14 - Why the Robinhood crypto app never appealed to me
8:49 - Stock tokens on Ethereum L2 Arbitrum + Robinhood Chain
17:41 - Private company stock tokens
20:56 - Sponsor break
20:38 - Will tokenization standards be an issue for stock tokens?
25:13 - Reflecting on where we are since DeFi Summer
26:59 - Robinhood perpetual futures live for EU customers
31:20 - ETH and SOL staking is live in-app
32:40 - Impact of regulatory change in US
34:47 - Positioning for DeFi and crypto growth to go parabolic
37:14 - Sponsor break
38:35 - Could Robinhood/Coinbase lean into the ETH treasury trend?
42:29 - Closing

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🔗 Guest Links 🔗

► Robinhood announcement: https://newsroom.aboutrobinhood.com/robinhood-launches-stock-tokens-reveals-layer-2-blockchain-and-expands-crypto-suite-in-eu-and-us-with-perpetual-futures-and-staking/
► Robinhood livestream on X: https://x.com/RobinhoodApp/status/1939701274217460047

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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 hold ETH and SOL. 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.