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Sudo is the Project Lead and Zaki Manian is Head of Engineering at Sovright, which builds critical infrastructure for Zcash. Just a few years ago, Zcash was almost dead. The treasury was tight, the team was shrinking, and the wallet was nearly unusable. Now the price is up 30x-40x since 2024, Bitcoiners are buying, and the team says they're just getting started. In this episode, Zaki and Sudo walk through the full comeback story including the breakthrough with better wallets like Zodl, the unlock for ZEC DeFi with NEAR intents, the existential Orchard pool bug this year, quantum safety, and why they believe now is like Bitcoin in 2016. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🟠 APYX | The first dividend-backed stablecoin (DBS) ♾️ INFINIT | Institutional-grade trading vaults, built onchain 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale 💰 SAFFRON FINANCE | A fixed yield layer built on Uniswap ------⏱️ TIMESTAMPS 0:00 - Intro2:46 - Zaki and Sudo’s background7:04 - What drew Zaki and Sudo to Zcash full time12:52 - What triggered the price run for ZEC19:02 - Two phases of Zcash’s redemption arc22:04 - Why Zcash is special vs other blockchains25:10 - What the Tor/IP privacy toggle in Zodl does29:40 - How to buy ZEC privately32:55 - The Orchard pool vulnerability explained43:09 - Would shielded ZEC in Zodl be safe in a PQ-world?45:19 - Could more minted ZEC be hiding in the Orchard pool?48:17 - The ecosystem map for Zcash51:32 - Cypherpunk’s role (CYPH) and profitability of mining ZEC54:50 - Proof of work vs proof of stake debate in Zcash57:09 - How Zcash governance actually works1:03:54 - What is Sovright building for Zcash?1:08:37 - What DeFi might be possible for Zcash in the future?1:13:57 - Why Zcash is the "middle thing" between Bitcoin and experimental chains1:17:03 - Closing ------🔗 GUEST LINKS ► Sovright website: https://sovright.com/► Zodl wallet website:https://zodl.com/► Sovright on X: https://x.com/sovright_► Sudo on X: https://x.com/sudo_ml► Zaki on X: https://x.com/zmanian ------🎙️ 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.

Alan is a privacy researcher and long-time contributor to Railgun. Every DeFi transaction you make is fully public. But Railgun is building the incognito mode for Ethereum. How does it actually work, and how does it compare to Zcash? Can we really access private DeFi with any shielded asset on Ethereum? What we learned will surprise you. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro1:55 - Why privacy matters4:18 - What is Railgun?5:50 - How to do a private swap on Ethereum with Railgun9:42 - Railgun is like a privacy safe, but not a mixer12:47 - Common uses of Railgun16:50 - Privacy limitations: the privacy set problem explained20:00 - Is Railgun similar to an L2?23:48 - The balancing act of unstoppable access25:49 - Railgun vs Zcash differences explained30:47 - Which apps can I use for private DeFi with Railgun?33:25 - Wallet-level privacy vs application-level privacy41:41 - Railgun’s relationship working with the Ethereum Foundation 47:43 - Will privacy become a default setting or an option?52:16 - The RAIL token: staking, governance, and yield54:32 - Closing ------🔗 GUEST LINKS ► Railgun website: https://railgun.org/► Railgun on X: https://x.com/RAILGUN_Project► Anon Inc wallet: https://anon.inc/► Railgun on X: https://x.com/tsu_kareta ------🎙️ 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.

Kyle is an investor and now Senior Research Analyst at DefiLlama. Fundamentals are finally winning in crypto. But which sectors, which tokens, and why now? In this episode of The Thesis, Kyle walks through his complete framework for investing this cycle, including his highest conviction bets such as Venice (VVV). He also shares his take on DATs, inference capital markets, and why liquid investors are more spoiled for choice right now than at any point in the last four years. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro2:22 - Background at DeFiance Capital4:57 - Moving from memes to fundamentals11:53 - Why memecoins eventually led people back to fundamentals22:19 - The StablecoinX Ethena DAT trade, on NASDAQ25:04 - Why altcoin DATs are more interesting than MicroStrategy27:29 - DeFi yield for public markets30:53 - When investing, the founder is all that matters38:30 - Investing in inference capital markets44:50 - Why Venice (VVV) is the cleanest long on inference demand50:13 - Kyle’s degen bet on AI inference with Orbio53:21 - Ranking Kyle’s investments by sector1:02:44 - Up-and-coming tokens according to Kyle1:05:13 - Kyle’s thoughts on October and is market bottom in?1:10:45 - Closing ------🔗 GUEST LINKS ► Kyle on X: https://x.com/zeroxkyle► DefiLlama Research website: https://defillama.com/research ------🎙️ 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.

Lito is the Head of Growth at Ethena Pay. Is it time to buy ENA? What is Ethena Pay and how does it compete as a DeFi neobank? What is the equity basis trade and why does it matter for USDe yield? What just happened with early ENA investor buyouts and VC unlocks? Reputable DeFi investor and builder Lito, now leading growth at Ethena Pay, answers all this and more about why Ethena is thriving in its second bull run and why it's so well positioned to challenge Circle and Tether's dominance in the stablecoin market. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro2:33 - Lito’s background in DeFi10:45 - What is Ethena Pay?14:14 - Ethena Pay’s edge as a neobank and stablecoin issuer19:45 - The mobile app breakthrough for DeFi25:05 - Competing in the DeFi neobank sector29:41 - What is Ethena’s new equity basis trade?34:18 - What other strategies underpin sUSDe yield?36:56 - ENA token cleanup: buyouts, equity, buybacks, unlocks40:23 - StablecoinX, the ENA DAT42:47 - What’s next at Ethena?45:23 - Ethena Pay's key features and expected launch in US50:26 - Closing ------🔗 GUEST LINKS ► Ethena Pay website: https://pay.ethena.fi/► Ethena Pay on X: https://x.com/ethenapay► Lito on X: https://x.com/litocoen ------🎙️ 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 ENA.

Chris Kim is the CoFounder and CEO of Axis. Most of the volume happening in crypto still isn't visible onchain. It's a growing volume from fintechs, neobanks, CEXs, and remittance platforms bridging services between stablecoins, fiat, and tokenized assets behind the scenes, working with OTC desks for liquidity they can't source on their own. In this DeFi Frontier episode, Chris explains how Axis Prime is building the "balance sheet as a service" layer that powers these conversions, similar to Citadel Securities for the tokenized era. He explains how DeFi capital formation through USDx feeds Axis Prime's institutional arbitrage strategies, why the yield is real and where it comes from, and why this new wave of tokenization promises a much larger TAM for years to come. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro1:33 - From trading commodities to cryptoasset arbitrage5:37 - What is Axis Prime?6:30 - Why do neobanks and fintechs need Axis Prime?8:39 - Balance sheet as a service10:18 - Betting on neobanks and fintech adopting stablecoins13:40 - Opportunity to serve fiat x crypto conversions16:14 - Axis’s first six-figure OTC trade for a leading CEX17:25 - Why Axis Prime benefits from the Origin Vault and sUSDx19:36 - USDx, sUSDx, and the Origin Vault21:07 - Axis yields over last 30 days22:55 - Where does sUSDx yield come from? 23:52 - Global onchain capital formation + service to licensed fintechs24:47 - Challenge of trust + transparency with actively managed yield26:34 - How do you earn the trust of DeFi lenders?29:32 - Has the market bottomed and bull run begun?31:08 - Could Axis earn from the Robinhood mania?34:04 - Closing ------🔗 GUEST LINKS ► Axis website: https://axis.to/► Axis Prime website: https://axis.to/prime► Axis on X: https://x.com/AxisFDN► Chris Kim on X: https://x.com/bidorder ------🎙️ 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. Axis is a sponsor of The Edge Podcast.

Kool Krypto is an anonymous DeFi investor and fund manager who's been in crypto since 2010. In this episode, he shares his remarkable journey at just 13 mining Bitcoin, to discovering DeFi through ETHLend, and later landing a fund seeded by a prominent New York family office after a fateful poker game. We get a crash course on onchain options from someone trading millions on Derive, as he shares his very public trade setups for BTC and ETH, including the what went into his latest $3.5M Bitcoin call spread and his viral ETH call spread for March 2027 being copy-traded on Derive. One of our best guests, and longest interviews ever. Meet an investor who's self-taught, and provides insights on his real trades, real positions, and real edge. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro2:25 - From mining BTC at 13, to trading, to fund manager5:25 - The light bulb moment with DeFi and Ethereum7:38 - The poker game that led to his fund10:26 - How much is TradFi “in the arena” with DeFi?14:17 - How Kool got into onchain perps: GMX, Gains, Hyperliquid20:13 - Running a liquid fund, yield generation, and a little VC23:28 - Why Kool doesn’t trade memecoins28:01 - The DRV bull thesis41:14 - Breaking down Kool’s $3.5M BTC call spread in Sept45:58 - The benefit of Derive’s RFQ-powered trading50:14 - AI agents are a massive tailwind for onchain options adoption52:50 - Options trading tools: Derivatives Monkey, DeFiLlama, Claude56:29 - Pros and cons of options vs perps1:02:37 - Managing risk and closing options trades 1:05:35 - Forecasting a bullish October, and uncertain end of year1:11:12 - His viral ETH call spread for March 2027 on Derive1:17:38 - Kool’s bull thesis for KNTQ and its Hyperliquid L21:25:07 - Derive V3’s ability to list new options markets (ie LIT)1:28:31 - What if Hyperliquid or Lighter launch options trading? 1:34:19 - Why Kool remains bullish on LIT1:38:24 - Closing ------🔗 GUEST LINKS ► Kool Krypto on X: https://x.com/koolkrypto223► Derive website: https://derive.xyz/► Derivatives Monkey: https://www.derivativesmonkey.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. DeFi Dad and Nomatic hold ETH and BTC. DeFi Dad holds DRV. DeFi Dad and Nomatic were angel investors in Kinetiq's seed round.

Thomas Thierry is a Researcher at the Ethereum Foundation. Every transaction you make onchain is trackable. And most of us have just accepted that as normal, but we shouldn't have to! In this next episode of our Lean Ethereum series, Thomas walks through what's actually broken with privacy today, how Ethereum is getting closer to native private transactions, and what private DeFi will actually look like for end users. He also covers how Ethereum compares to Zcash, why privacy is essential for institutional adoption, and why being unstoppable as a network goes hand-in-hand with privacy. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro2:31 - Why Ethereum?5:11 - What is broken with privacy today?6:52 - What should be private in DeFi?11:50 - The call for privacy runs deep in Ethereum15:05 - How Ethereum gets native private transactions by next year20:53 - The importance of FOCIL for Ethereum26:51 - When will private DeFi be ready on Ethereum?30:58 -Network-based privacy vs protocol-based vs wallet-based privacy35:04 - What is unique about Aztec’s approach to privacy on Ethereum?38:14 - How will private DeFi on Ethereum compare to Zcash?41:22 - What will privacy mean for institutional investors?43:36 - The challenge with network meta data and privacy45:44 - Lack of privacy today vs future private UX on Ethereum51:22 - Closing ------🔗 GUEST LINKS ► Ethereum Research website: https://ethresear.ch/► Thomas Thierry on X: https://x.com/soispoke ------🎙️ 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.

Nick Forster is the CoFounder and CEO of Derive. Could Derive V3 do for options, what Lighter did for perps on Ethereum?! In this episode of DeFi Frontier, Nick returns to to walk us through what to expect when Derive V3 ships this month of September: a ZK application that collapses the exchange, execution layer, and settlement into one stack, making institutional onboarding as simple as a few lines of code. He covers the decision for where they will deploy V3 and why Ethereum seems most likely to be V3's future home. We also discuss what the new arrival of tokenized stocks and RWAs means for onchain options and how big the TAM still is for onchain options. ------ 💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------ ⏱️ TIMESTAMPS 0:00 - Intro 2:29 - Derive's building blocks for onchain options 7:56 - How big is the TAM for onchain options? 11:28 - What is Derive V3? A new ZK application 16:48 - Where will V3 launch and why Ethereum seems most likely 22:12 - Could Derive V3 be a zkRollup like Lighter? 26:37 - What is the advantage of onchain options over TradFi? 31:47 - New era of tokenized stocks and RWA markets 35:50 - Onchain options still in the early innings 42:16 - V2 settled billions, V3 is about trillions 46:06 - Closing ------ 🔗 GUEST LINKS ► Derive website: https://derive.xyz/ ► Derive on X: https://x.com/DeriveXYZ ► Nick Forster on X: https://x.com/nickforster ------ 🎙️ 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 bought and now holds DRV since recording this podcast.

Ram Ahluwalia is an investor and the Founder of Lumida. Weeks ago, crypto was doom and gloom. Now everything is pumping and nobody owns enough! In this episode, Ram explains exactly why the rally happened, breaking down Bessant's bond market intervention and a massive short squeeze that caught everyone offsides. He shares his views on whether the bear market bottom came earlier than expected, and the most important question in markets right now: should you prioritize crypto or AI? ------ 💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------ ⏱️ TIMESTAMPS 0:00 - Intro 2:15 - Ram’s background on Wall Street 3:15 - What is Lumida? 4:51 - Why Is crypto pumping right now? 8:59 - Did the bear market bottom earlier than expected? 11:10 - Can ETH outperform this cycle? 13:53 - Everyone’s offsides in this market, even the bulls 15:15 - Why Ram’s bullish on HYPE and DeFi 16:57 - Uncertainty about what follows if CLARITY passes 19:24 - Pros and cons of BTC as a momentum trade 24:52 - Bessent’s bond market intervention and its impact 28:26 - Expectations for Warsh’s Jackson Hole speech 30:58 - How could markets respond to Warsh 33:10 - Why the AI CapEx bears are wrong 42:30 - Nvidia is the lender of last resort 45:29 - Would Ram rather invest in AI or crypto right now? 47:58 - The pitch for Lumida 51:25 - Opportunity to tokenize private investments 52:53 - Closing ------ 🔗 GUEST LINKS ► Lumida website: https://www.lumidawealth.com/ ► Lumida Invest app: https://lumidainvest.com/ ► Lumida on X: https://x.com/lumidawealth ► Ram Ahluwalia on X: https://x.com/ramahluwalia ------ 🎙️ 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 BTC, ETH, and HYPE mentioned.

Thomas Coratger is a Researcher at the Ethereum Foundation. Quantum computers don't exist yet at the scale needed to threaten Ethereum. But they will, and Ethereum will be ready before they do! In this first episode of our Lean Ethereum series, Thomas walks through what the quantum threat actually is, how real it is, and when it could arrive. He explains which parts of Ethereum are most vulnerable, what a quantum attack would actually look like, and why average ETH holders don't need to panic. He also covers how AI is dramatically accelerating the EF's post-quantum research and why the full migration to quantum-safe Ethereum is on track for 2029. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro2:40 - Background and why focus on Ethereum6:51 - What is Lean Ethereum?13:58 - What is the quantum risk to blockchains like Ethereum?17:18 - How real is the quantum threat? How soon?21:52 - What resources does a quantum attack actually require?27:01 - Will users need to migrate to quantum-safe Ethereum?32:51 - Will Glamsterdam or Hegota help post-quantum Ethereum?34:49 - Tradeoffs in upgrading to quantum resistance41:56 - The quantum research team at EF46:28 - Can AI accelerate this research and the EF strawmap?50:22 - Is Ethereum on track to be quantum-safe?53:29 - Closing------🔗 GUEST LINKS ► EF's Strawmap website: https://strawmap.org/► EF on X: https://x.com/ethereumfndn► Thomas Coratger on X: https://x.com/tcoratger ------🎙️ 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.

TokenBrice is the Founder and Ike is Growth & Comms Lead at Pharos. In this episode of DeFi Frontier, Bryce and Ike walk through how Pharos provides investors, a free tool for tracking stablecoin cap, peg stability, liquidity, and dependency risk, including what factors into a stablecoin safety score, and what red flags to avoid. They even offer case studies and live examples of how Pharos tracks stablecoins, including how Pharos flagged the pmUSD stablecoin before it ever depegged. Don't touch another stablecoin without checking Pharos first! ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 Intro2:22 - Origin of Pharos7:08 - Why DeFi needed Pharos11:35 - Screenshare demo of Pharos platform16:48 - What factors into scoring a stablecoin?24:21 - How Pharos called out pmUSD ahead of its depeg30:44 - Tensions with stablecoin protocol teams35:01 - Taking research public, before a depeg40:46 - Case studies of depegs41:34 - Explaining the USDC depeg in March 202346:14 - What are red flags to avoid in any stablecoin?53:30 - What’s next for the Pharos platform?1:07:24 - Closing ------🔗 GUEST LINKS ► Pharos website: https://pharos.watch/► Pharos on X: https://x.com/pharoswatch► TokenBrice on X: https://x.com/TokenBrice► Ike on X: https://x.com/Ikebillion_ ------🎙️ 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.

Karn Saroya is the CoFounder and CEO of Re. T-bills got tokenized. Private credit's getting tokenized. Now it's reinsurance's turn. In this new DeFi Frontier episode, Karn walks through how Re brings reinsurance, the financial backstop behind every insurance company, onchain for the first time. He explains what reinsurance actually is, why the yield is real, how Re's programmable capital architecture gives them dramatically higher operating leverage, and what metrics actually matter for assessing whether the business is working. ------ 💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------ ⏱️ TIMESTAMPS 0:00 - Intro 1:38 - Building insurance tech before Re 6:36 - What is reinsurance and why it matters? 9:16 - How big is the reinsurance market? 10:05 - How Re brings reinsurance capital onchain 14:46 - The DeFi mullet and capital efficiency unlocked 18:46 - Growing revenue with just 12 employees 22:45 - Re’s strategy for winning new business 28:21 - The capital stack behind Re 30:57 - Duration mismatch and how Re navigates this risk 35:07 - Re junior tranche and what’s it earning 36:40 - How Re differs from competitors 43:17 - AI and its potential impact on Re’s future underwriting 46:47 - Re’s role in the growing market of RWAs 48:50 - Agentic operations within Re 52:28 - Tracking the most important growth metrics at Re 55:13 - What’s needed for hundreds of billions to come onchain? 56:45 - Overview of the RE token 58:44 - Closing ------ 🔗 GUEST LINKS ► Re website: https://re.xyz/ ► Re on X: https://x.com/re ► Karn Saroya on X: https://x.com/karnsaroya ------ 🎙️ 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. Re has been a sponsor of The Edge Podcast but it has no impact on our independent editorial process in choosing to cover them as a market leader in bringing reinsurance yield to DeFi.

Robert Mullins is the CoFounder of Polaris. DeFi has a yield trap, where we're entirely reliant on staking rewards, T-bills, and basis trades for yield, all sources we don't fully control. In this new episode of DeFi Frontier, Robert explains how Polaris built native yield infrastructure for Ethereum. We review a new native yield-bearing ETH called pETH, that has both a market price and a mathematically guaranteed floor price. With pETH, users will be able to mint a stablecoin USDp, or Polaris digital gold GOLDp or other pAssets supported by the protocol. Robert walks us through Polaris's vision to issue stablecoins, commodities and synthetic assets against pETH, with the economic activity generated flowing back into the ecosystem. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro1:46 - Why Ethereum and Polaris are mutually self-reinforcing3:27 - What’s “the yield trap” most decentralized stablecoins run into?6:38 - How Polaris solves the yield trap?12:25 - What is pETH? Why hold it instead of just ETH?15:15 - The rising floor price of pETH, risks vs rewards24:03 - More core assets coming like GOLDp and BTCp28:44 - Why GOLDp could be hugely popular31:03 - Polaris Testnet demo35:49 - What is fpETH vs vpETH?38:56 - Stewardship, not governance41:03 - Why Polaris aligns with Ethereum's CROPS mandate45:05 - Closing ------🔗 GUEST LINKS ► Polaris website: https://polarisfinance.io/► Polaris on X: https://x.com/polarisfinance_► Robert on X: https://x.com/0xluude ------🎙️ 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.

Sean Farrell is Head of Digital Asset Strategy at Fundstrat. Equities are at all-time highs. Crypto has lagged all year. And a lot of crypto investors are frustrated. In this episode, Sean explains exactly why that divergence happened but also why he believes the worst headwinds are now behind us and we're much closer to a bull market than we were at the start of 2026. He covers what data he watches day to day and which DeFi sectors are best positioned to accrue value in the next uptrend, plus the macro case for why Bitcoin and ETH belong in every modern portfolio. Bear markets are when the most money is made. Start to lock in! ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launched on Ethereum 🌐 RE | Earn real yield backed by regulated reinsurance programs 🟠 APYX | The first dividend-backed stablecoin (DBS) 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ------⏱️ TIMESTAMPS 0:00 - Intro3:03 - Sean’s role as Head of Digital Asset Strategy at Fundstrat6:31 - When did DeFi become legit tech for Fundstrat?12:47 - How Sean and Tom Lee marry differing market views20:04 - Why market conditions for crypto have vastly improved26:28 - Is this the market bottom?28:47 - Price recovery will precede an expansion in crypto-native credit31:35 - Can DeFi app-layer tokens be winners in the next uptrend?36:35 - Which DeFi sectors are best positioned to accrue value?43:48 - TradFi and fintechs are integrating DeFi into their business46:16 - Is sentiment bullish for crypto on Wall Street?52:47 - Chance for CLARITY to pass + possible political headwinds57:34 - The macro case for ETH and BTC in every portfolio1:03:00 - From niche alternative markets to trillions onchain1:05:23 - Closing ------🔗 GUEST LINKS ► Fundstrat Direct: https://fundstratdirect.com/► Fundstrat Direct on X: https://x.com/fundstratdirect► Sean Farrell on X: https://x.com/SeanMFarrell ------🎙️ 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.

Parker White is a Founding Contributor of Apyx. Is STRC back? Saylor's flagship BTC-backed dividend-paying instrument has had a rough summer, trading more than 10% below par since mid-June, until this week. It's been a full on panic of investors asking what comes next. In this episode, Parker walks us through why STRC exists in the first place, why it's often misunderstood, and how it can fully restore investor confidence to get back to par ($100). He covers what Apyx does to distribute STRC exposure onchain, what happened with Apyx's own apyUSD/apxUSD and what's been improved since then. He also explains why DeFi composability makes STRC exponentially more powerful onchain than it is in a brokerage account. ------💎 THIS EPISODE'S SPONSORS 🔒 KPK | Best risk-adjusted yield through automated vaults 🏦 AXIS | The Origin Vault launches on Ethereum on July 29th 🌐 RE | Earn real yield backed by regulated reinsurance programs 🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale ⚔️ KATANA | Deep liquidity & real yield ------⏱️ TIMESTAMPS 0:00 - Intro2:33 - From fixed income to building Apyx4:35 - What is STRC, why it exists, and what’s the end goal?12:48 - Has the original vision for STRC changed?17:35 - What is Apyx? How does it distribute STRC exposure in DeFi?21:47 - What happened with apxUSD and what’s improved?25:40 - What can Strategy do to get STRC back to par?34:05 - What else could be used to back apxUSD and apyUSD?35:48 - Earning back user confidence in Apyx post-STRC’s depeg39:41 - Thoughts on future maturities for Strategy’s convertible debt51:01 - Saylor is still Bitcoin’s CMO53:16 - Why DeFi composability makes STRC more powerful58:00 - Closing ------🔗 GUEST LINKS ► Apyx website: https://apyx.fi/► Apyx on X: https://x.com/apyx_fi► Parker White on X: https://x.com/theotherparker_ ------🎙️ 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. Apyx has been a sponsor of The Edge Podcast. They have never paid for a guest slot. We do not offer paid guest slots. We chose Parker for his subject matter expertise bridging DeFi and explaining how the STRC perpetual preferred stock works.