csUSDL: A Next-Gen Yield-Bearing Stablecoin Built for Onchain Treasuries

Misha Putiatin is CoFounder of Symbiotic and Francisco Agosti is CoFounder of Tanssi. In this episode, we interview Misha and Francisco break about the launch of Symbiotic Mainnet and how it finally brings to fruition a long anticipated vision for shared security for decentralized networks. We also dive into how Tanssi is making blockchain deployment seamless, enabling developers to spin up sovereign chains with ease. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 📊 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED 📈 DEFINITIVE | THE MOST ADVANCED PLATFORM FOR ONCHAIN TRADE EXECUTION ------ Timestamps 0:00 - Intro 5:01 - What is Symbiotic? 9:42 - What is Tanssi? 12:23 - Designing Symbiotic to be both immutable and flexible 16:34 - The importance of decentralization 19:58 - How Tanssi productizes Symbiotic shared security for developers? 24:43 - Mantle mid-roll 25:22 - How are builders leveraging Tanssi? 29:45 - How does Symbiotic differ from EigenLayer? 32:49 - Moonwell & Puffer Finance mid-roll 34:04 - Why did Tanssi build on Symbiotic? 35:49 - Symbiotic Mainnet and what happens next? 40:26 - Tanssi Let’s Forkin’ Dance program 41:58 - Closing ------ 🔗 Guest Links 🔗 ► Symbiotic website: https://symbiotic.fi/ ► Symbiotic on X/Twitter: https://x.com/symbioticfi ► Misha on X/Twitter: https://x.com/psalom ► Tanssi website: https://www.tanssi.network/ ► Tanssi Let's Forkin' Dance program: https://lfd.tanssi.network/ ► Tanssi on X/Twitter: https://x.com/tanssinetwork ► Francisco on X/Twitter: https://x.com/fjagosti ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC 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.

Gaspard Peduzzi is CoFounder of Spectra Finance, joined by Tim Shekikhachev, CoFounder of Resolv and Amadeo Brands, Founder of YieldNest. In this episode, we host a panel to discuss how to use the decentralized, permissionless interest rate protocol that is Spectra, how it grew to over $220M TVL in less than 8 months, and how it enables users to earn fixed rates and trade yields while protocols can grow liquidity. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 🪄 TANSSI | LAUNCH YOUR SYMBIOTIC RESTAKED NETWORK IN MINUTES 📊 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE 📈 DEFINITIVE | THE MOST ADVANCED PLATFORM FOR ONCHAIN TRADE EXECUTION ------ Timestamps 0:00 - Intro 1:26 - Founding of Spectra 4:38 - Sponsor pre-roll 6:57 - How is Spectra different from Pendle? 8:12 - What’s made Spectra such a breakout app? 10:17 - What is Resolv building? 13:58 - How Spectra and partner protocols benefit each other 16:58 - How Spectra helps protocols build community 19:12 - What is YieldNest and why do they work with Spectra? 22:07 - Sponsor mid-roll 23:49 - How ve(3,3) bribes work on Spectra? 25:42 - Thoughts on Spectra’s permissionless pool creation 33:47 - How will Spectra keep growing after points hype? 40:08 - Closing ------ 🔗 Guest Links 🔗 ► Spectra website: https://www.spectra.finance/ ► Spectra on X/Twitter: https://x.com/spectra_finance ► Gaspard Peduzzi on X/Twitter: https://x.com/GaspardPeduzzi ► Resolv website: https://resolv.xyz/ ► Tim Shekikhachev on X/Twitter: https://x.com/timsheki ► YieldNest website: https://www.yieldnest.finance/ ► Amadeo Brands on X/Twitter: https://x.com/amadeobrands ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC 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.

Juan Leon is a Senior Investment Strategist at Bitwise. In this episode, we sit down to discuss Bitwise's recent CIO memo, 'Ethereum: The Comeback Kid of 2025.' We explore why Juan’s team sees a turning point ahead for Ethereum and ETH, the significance of surging ETH ETF inflows, the $100T opportunity in tokenized real-world assets (RWAs), and how these trends could drive value accrual for ETH the asset. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 🪄 TANSSI | LAUNCH YOUR SYMBIOTIC RESTAKED NETWORK IN MINUTES 📊 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE 📈 DEFINITIVE | THE MOST ADVANCED PLATFORM FOR ONCHAIN TRADE EXECUTION ------ Timestamps 0:00 - Intro 4:28 - What happened in 2024? 7:26 - ETH ETF inflows close strong EOY 9:59 - Will ETH ETFs incorporate staking in 2025? 11:52 - Why is tokenization such an outsized opportunity for Ethereum? 14:04 - RWA opportunity is $100T 16:20 - Stablecoin growth ahead 19:04 - Mantle mid-roll 19:43 - Ethereum’s dominance in tokenized assets 23:49 - Will more value onchain lead ETH to a higher price? 26:34 - Moonwell & GOAT Network mid-roll 27:42 - How will Ethereum onboard more retail investors? 30:37 - Can AI agents lead to sustainable utility on Ethereum? 33:07 - Why Juan remains a COIN bull? 35:43 - Dept of Labor to relax guidance against crypto in 401(k) plans 38:34 - New use case to catalyze more growth on Ethereum 41:37 - Price prediction for ETH in 2025 44:09 - Closing ------ 🔗 Guest Links 🔗 ► Bitwise website: https://bitwiseinvestments.com/ ► Juan's memo on ETH: https://experts.bitwiseinvestments.com/cio-memos/ethereum-the-comeback-kid-of-2025 ► Bitwise financial advisor survey: https://bitwiseinvestments.com/crypto-market-insights/the-bitwise-vettafi-2025-benchmark-survey ► Bitwise on X/Twitter: https://x.com/bitwiseinvest ► Juan Leon on X/Twitter: https://x.com/singularity7x ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. 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.

Tarun Gupta is the Founder at Coinshift. In this episode, we review a new yield-bearing stablecoin called csUSDL, designed to be the ultimate treasury reserve asset. With hundreds of billions sitting idle in stablecoins, Coinshift hopes to provide DAOs, onchain liquid funds, and even retail DeFi users with permissionless access to a more scalable yield-bearing stablecoin backed by RWAs. This is a great episode to also understand why builders work with Morpho, and why they see such a huge opportunity to meet the demand for yield-bearing stablecoins onchain. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 🪄 TANSSI | LAUNCH YOUR SYMBIOTIC RESTAKED NETWORK IN MINUTES 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE ------ Timestamps 0:00 - Intro 4:31 - Coinshift Accounting & Payments 7:47 - The state of how DAOs operate 9:59 - What is csUSDL? 13:04 - What’s unique about csUSDL? 15:58 - Who should use csUSDL? 17:08 - Mantle mid-roll 17:46 - Partnering with Paxos, Morpho, Steakhouse Financial 23:13 - How Coinshift maps to TradFi banking roles 26:48 - Challenges to building csUSDL 31:17 - Moonwell & GOAT Network mid-roll 32:24 - Coinshift incentive alignment with Morpho curators 34:02 - Use cases for csUSDL 36:14 - Possible future for csUSDL collateral 38:09 - Plans for SHIFT utility 40:35 - Partnering with large players to build csUSDL liquidity 43:26 - Closing ------ 🔗 Guest Links 🔗 ► Coinshift website: https://www.coinshift.xyz/ ► Coinshift on X/Twitter: https://x.com/0xcoinshift ► Tarun on X/Twitter: https://x.com/tarungupta1475 ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are advisors to Coinshift. 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.

Miguel de Vega is the Chief Scientific Officer at Nillion. In this episode, we discuss the potential for what's known as "humanity's first blind computer" and its role to play alongside AI and crypto. Miguel unpacks how Nillion addresses the challenges of handling high value data, by leveraging privacy enhancing technologies (PETs) to enable users to securely store data on a peer-to-peer network, and allow for computations to be executed on the masked data, without the traditional need to decrypt data ahead of computation. We review a variety of Web3 and Web2 use cases unlocked by Nillion for massive emerging markets such as decentralized AI, plus why Nillion will soon launch its own tokenized incentives. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE ------ Timestamps 0:00 - Intro 4:11 - Background 6:31 - What is humanity’s first blind computer? 8:50 - Web3 use cases 11:03 - Web2 use cases 14:46 - How Nillion fixes issues like the Lastpass hack 17:33 - How will Nillion marry different privacy-enhancing tech? 21:52 - Mantle ad 22:30 - Target users for Nillion 24:19 - What tokenized incentives drive Nillion network? 26:48 - How do you bootstrap Nillion? 28:48 - Moonwell and GOAT Network ad 29:56 - How Nillion works with decentralized AI 33:33 - Nillion Mainnet coming + partners 36:54 - Web2 partners and competitors 40:34 - Closing ------ 🔗 Guest Links 🔗 ► Nillion website: https://nillion.com/ ► Nillion on X/Twitter: https://x.com/nillionnetwork ► Miguel on X/Twitter: https://x.com/miguel_de_vega ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad was an angel in Nillion. 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.

Tycho Onnasch is a contributor to Stacks, Stacking DAO, and Zest Protocol. In this episode, we catch up on the state of DeFi on Bitcoin L2 Stacks. Speaking with the top DeFi protocol on Stacks, we learn how Stacking DAO is unlocking new yield opportunities, how stSTX will deliver liquid stacking rewards in sBTC, and why Stacks TVL is more than ready to grow. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE ------ Timestamps 0:00 - Intro 0:51 - What is Stacks? 2:30 - Difference between a Bitcoin sidechain vs L2 4:42 - How performant is Stacks now? 6:51 - Sponsor pre-roll 9:16 - What is Stacking DAO? 10:49 - Stacking STX manually vs stSTX LST 12:16 - Stacking DAO points program 14:36 - Best stSTX yields 16:17 - stSTX value accrual + new sBTC yield 19:10 - Mantle and GOAT Network mid-roll 20:20 - Will Stacks Foundation begin bootstrapping new TVL? 21:50 - Satoshi AI agent on Stacks 23:30 - Tycho’s favorite DeFi yields on Stacks 24:49 - Are stablecoin yields elevated on Stacks due to Ethena? 26:06 - Closing + What will grow Stacks TVL to $1B? 29:15 - When will stSTX support yield in sBTC? ------ 🔗 Guest Links 🔗 ► Stacks website: https://stacks.co/ ► Stacking DAO website: https://www.stackingdao.com/ ► Stacking DAO on X/Twitter: https://x.com/StackingDAO ► Tycho on X/Twitter: https://x.com/TychoOnnasch ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad was an angel investor in Stacking DAO. 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.

Jai Prasad is the CoFounder of DEFINITIVE. In this episode, we review our favorite app to trade onchain, an institutional-grade trading platform built for DeFi by the team who built products for Coinbase customers such as Michael Saylor, BlackRock, and Tesla. Thanks to a proprietary off-chain engine and non-custodial smart contracts, DEFINITIVE empowers users like us with unparalleled trade execution, advanced order types onchain, and gasless trading on a chain-abstracted app. We learn why DEFINITIVE is being used by the biggest crypto institutional traders, hedge funds, whales, and everyday DeFi power-users like ourselves. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE ------ Timestamps 0:00 - Intro 4:21 - Jai’s background 9:19 - What problems DEFINITIVE addresses? 11:01 - What value does DEFINITIVE offer us as traders onchain? 15:15 - What makes DEFINITIVE so special? 22:04 - Nomatic and DeFi Dad’s feedback trading on DEFINITIVE 26:28 - Why use a TWAP order? 27:16 - Mantle mid-roll 27:55 - How will DEFINITIVE support Hyperliquid? 30:17 - Who uses DEFINITIVE? 35:28 - Moonwell & GOAT Network mid-roll 36:35 - Best execution for trades onchain 38:20 - 9-figure monthly trade volume 39:11 - Support for AI agents trading coming 40:53 - Who does DEFINITIVE compete with? 43:15 - EDGE points program and future DEFINITIVE token 45:10 - Closing ------ 🔗 Guest Links 🔗 ► DEFINITIVE website (referral): https://app.definitive.fi/r/DEFIDAD ► DEFINITIVE on X/Twitter: https://x.com/definitivefi ► Jai on X/Twitter: https://x.com/jai_prasad17 ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are angels in DEFINITIVE. 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.

kmets is a Core Contributor to f(x) Protocol. In this episode, we dive into f(x) Protocol’s V2 launch offering 10X non-liquidatable leverage with no funding fees, high USD-based yields, and a seamless trading experience on blue-chip assets. Discover how V2 improves leverage consistency, supports key collateral types, and what’s next for the protocol, including BTC leverage and L2 expansion. ------ 🔗 Essential Show Links 🔗 ► Edge 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 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE ------ Timestamps 0:00 - Intro 1:28 - What is f(x) protocol? 8:28 - How to open a position and how it works in V2? 12:55 - Sponsor break 15:20 - Is our leverage in V2 more consistent than in V1? 17:04 - Collateral types accepted for opening V2 positions 19:47 - How does f(x) offer no funding fees or liquidations for traders? 22:58 - f(x) Stability Pool yield 26:10 - Migrating phase + when will V2 be open to new positions? 28:32 - Can a choppy market degrade your leveraged exposure in V2? 30:20 - Sponsor break 31:30 - When will f(x) move to an L2? 32:55 - Thoughts on future forks of f(x) V2 38:17 - When will f(x) V2 leverage support BTC? 39:52 - V2 value accrual for FXN 42:50 - Closing ------ 🔗 Guest Links 🔗 ► f(x) Protocol website: https://fx.aladdin.club/ ► f(x) Protocol on X/Twitter: https://x.com/protocol_fx ► kmets on X/Twitter: https://x.com/kmets_ ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC 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.

Patrick is the Creator of Dynamo DeFi and Stephen is the Founder of DeFi Dojo. In this year-end episode, we review who are the biggest winners of DeFi in 2024 and what we can expect next in 2025! From Solana DeFi's breakout year to Base’s remarkable growth onchain, we dive into all the protocols, trends, and narratives that defined this part of the cycle. We discuss Ethena’s tokenized basis trade, Hyperliquid’s explosive volume, the rise of RWAs, ether.fi's lead in liquid restaking, and the killer apps driving adoption, including memecoins and tokenized AI agents. Plus, we explore emerging opportunities in liquid tokens, innovative primitives like Instadapp Fluid, and the regulatory shifts that could shape DeFi’s future. ------ 🔗 Essential Show Links 🔗 ► Edge 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 ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS ♦️ REDSTONE ORACLES | THE FASTEST GROWING ORACLE FOR DEFI 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ------ Timestamps 0:00 - Intro 5:22 - DeFi Winners in 2024 5:44 - Pendle and Ethena’s big year 9:31 - Base and Aerodrome’s remarkable growth 10:53 - Solana’s best year yet 11:48 - pump.fun finds product-market fit 12:56 - Hyperliquid’s trade volume goes parabolic 21:01 - ether.fi leads among LRTs and is top 5 by TVL 27:19 - Stephen’s leveraged stake loop strategy for eETH on Aave 30:15 - Kamino and Jupiter were Solana kings of DeFi 35:05 - Why JLP is such a powerful money lego? 38:30 - Mantle mid-roll 39:11 - Why Instadapp Fluid is a next-gen primitive 47:00 - Usual launches a community-owned competitor to USDT 50:54 - RWAs prove being a winner this cycle 52:56 - Degens love T-bill-backed yields and protocols 54:54 - Moonwell mid-roll 55:27 - Memecoins are one of DeFi’s killer apps 58:42 - Tokenized AI agents lead the bull run into 2025 1:10:03 - The impact of friendlier DeFi regulation in 2025 1:13:18 - Opportunity in liquid DeFi tokens 1:19:21 - BTCfi had a big year but still promises huge growth ahead 1:22:03 - Closing ------ 🔗 Guest Links 🔗 ► Dynamo DeFi website: https://dynamodefi.com/ ► Patrick on X/Twitter: https://x.com/dynamo_patrick ► DeFi Dojo website: https://whop.com/defi-dojo/ ► Stephen on X/Twitter: https://x.com/phtevenstrong ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC 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.

MilliΞ is the CoFounder of Truemarkets. In this episode, we explore why decentralized prediction markets are still in the early innings of development and how they will redefine forecasting global events and uncovering truth. We also learn how Truemarkets is addressing key challenges in dispute resolution, integrating AI for permissionless market creation, and implementing a token to accelerate early community involvement in the success of their platform. NOTE: We recorded this episode just before the US election results in November 2024, but the conversation is still just as relevant post-election. If you hear any comments related to the election, we were still uncertain who would win and whether Polymarket's results would prove to be a leading indicator for voter sentiment in the election. ------ 🔗 Essential Show Links 🔗 ► Edge 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 ORACLES | THE FASTEST GROWING ORACLE FOR DEFI 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ------ Timestamps 0:00 - Intro 4:37 - MilliΞ’s background 10:55 - MilliΞ’s conviction for holding ETH 22:40 - What is a prediction market? 29:16 - Mantle mid-roll 29:57 - What will draw new users to PMs in between US elections? 38:02 - What is Truemarkets? 45:19 - Moonwell mid-roll 45:51 - How Truemarkets will approach dispute resolution 53:21 - Permissionless creation of prediction markets 1:03:42 - Roadmap, Patron NFTs, and future TRUE token 1:14:54 - Editor’s note on Patron NFT mint details + secondary market 1:17:26 - Closing ------ 🔗 Guest Links 🔗 ► Truemarkets Website: https://truemarkets.org/ ► Truemarkets on X/Twitter: https://x.com/truemarketsorg ► MilliΞ on X/Twitter: https://x.com/llamaonthebrink ► Truemarkets Patron NFT page and links to secondary markets: https://truemarkets.org/patron-nft ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad did not participate in the Patron NFT mint but did buy Patron NFTs on the secondary market between when we recorded this podcast and published it. 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.