The Edge Podcast @edge_pod

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.@Mantle_Official has been a sponsor of the Edge Podcast for a long time and I think their H1 execution and the H2 vision is the sharpest I've seen to date: - SpaceX, the largest IPO in history, tokenized and trading onchain the same day it listed. - 155 tokenized stocks, a Franklin Templeton ETF onchain, and a direct pipeline where Bybit listings go live onchain the moment they list. - Speaking of Bybit, it looks like their more intentional integration is starting to pay off with ~$200M+ on Mantle via Bybit Earn - ATH DeFi TVL crossing ~$1B+ - One of my personal favorites is Mantle leaning back into Ethereum security by: "Upgrading to @ethereum blobs as our primary data availability layer, signifying a major step toward becoming a full Ethereum ZK rollup" As I said above, incredible execution on H1. But what is in the crosshairs for H2? "More of the world's assets onchain, more ways to put that capital to work, institutions and issuers drawn closer in, and a maturing agent economy" 🔥 There's so much I missed above so read the full report here 👇

Mantle @Mantle_Official

2 days ago

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DeFi Frontier is live 🚀 Inside: ✅ 30d yield, TVL changes, Benchmarks ✅ @flexmeow update ✅ @yearnfi's yvUSD - lock, loop, or liquid? ✅ A look at Black Opal from @NestCredit ✅ Redemptions for reUSDe from @re ✅ + a lot more in full piece below the-edge.xyz/p/defi-frontie…

🎙️ New @Edge_Pod 💥 How Royco Risk Tranching Is Working Through Its First Real World Stress Test | DeFi Frontier 0:00 - Intro 2:37 - A DeFi risk tranching protocol 6:01 - Why RWAs are the future of yield 11:32 - What is Royco Dawn? 13:30 - The perfect asset to tranche 18:07 - Screenshare Royco live markets 22:01 - Observation period, first stress test 25:05 - How seniors stay protected 27:00 - What could end the observation period? 30:04 - How Royco tries to restore markets 31:25 - Estimating losses after 21-day period 33:40 - Design for juniors to not be wiped out 37:40 - Tranching vs insurance 41:23 - Is security in DeFi cooked? 43:49 - Opting for delayed settlement 47:54 - Royco Dusk preview 53:42 - Closing 🙏 Thanks to @roycoprotocol Founder @jaibhavnani for joining us!

🔗 Find all the links to this new episode of The @edge_pod and future pods by subscribing to The Edge Newsletter. the-edge.xyz/p/the-defi-cir…

🎙️ Ep 238 is live 💥 How Royco Risk Tranching Is Working Through Its First Real World Stress Test | DeFi Frontier ✨ Featuring @roycoprotocol Founder @jaibhavnani youtu.be/yxMGZNzr2yA

New @edge_pod! RWA yields may not appeal to an institution or a degen, but for different reasons. Too much risk for one. Not enough yield for the other. Instead, @roycoprotocol tranches yields and we just reviewed how it works, given their first real stress test playing out.

Find all the links to this new episode of The @edge_pod and future pods by subscribing to The Edge Newsletter. the-edge.xyz/p/the-defi-cir…

🎙️ Ep 237 is live 🛡️ The DeFi Circuit Breaker That Could Have Stopped The rsETH Exploit, And Why Linea Implemented It ✨ Featuring @phylaxsystems Founder @odysseas_eth and Head of @LineaBuild at @Consensys @DeclanFox14 youtu.be/9QMptPib8X0

🎙️ New @Edge_Pod ⚡️ The DeFi Circuit Breaker That Could Have Stopped The rsETH Exploit, And Why Linea Implemented It 0:00 - Intro 2:02 - Declan’s work as Head of Linea 3:15 - What Is Phylax? 4:45 - Ethereum’s security + more controls 12:14 - Protection without sacrificing decentralization 14:33 - What are institutions waiting for? 18:54 - Linea is helping institutions come onchain 23:06 - Freezing assets vs programmatic rules 26:09 - Demand for DeFi transcends politics 32:54 - Circuit breaker for the next rsETH exploit 38:09 - What triggers Phylax to stop an attack? 42:38 - Composable walled gardens on Ethereum 45:56 - Getting started with Phylax 47:32 - Closing 🙏 Thanks to @phylaxsystems Founder & CEO @odysseas_eth and Head of @LineaBuild at @Consensys, @DeclanFox14 for joining us!

New @edge_pod! The rsETH exploit drained $292M from Aave. But a simple DeFi circuit breaker could have halted the attack or minimized the damage done. @phylaxsystems built such a solution that's now been implemented by @LineaBuild, one that's stopped 4,000+ drain attempts 🔐

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Is @ether_fi still just a staking protocol? In the April 30 analyst deck, Cash had already passed staking revenue and was over 50% of protocol revenue. At the time, cumulative Cash spend was ~$414M. As of June 24, it is around $566M, which is roughly 37% growth in less than 8 weeks. So Cash was already the bigger revenue line in April, and the spend number has kept climbing since. That's one piece I think the market may still be sleeping on. I wrote up the full ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb valuation thesis in the next tweet.

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Yields of the Week is now -> DeFi Frontier This week: ✅30D yield, TVL changes, Benchmarks ✅ @OdysseyFi + @3janexyz 57% APY loop ✅ @LiquityProtocol ETH carry w @ipor_io ✅ Is ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb undervalued? ✅ BMNP vs STRC ✅ + More the-edge.xyz/p/defi-frontie…

1/ ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb might be a value hiding in plain sight. Do people still think this is a staking protocol? The reality is, Cash is scaling and the business looks more like a crypto neobank. I hold a small position and wanted to know if I should be buying more. Full piece next.

More than 60% of all crypto TVL resides on Ethereum + L2s. If Ethereum were to fail, would that destroy crypto as we know it? What do you think? Here's what @dunleavy89 has to say 👇

DeFi Dad ⟠ defidad.eth @DeFi_Dad

2 weeks ago

🎙️ New @edge_pod 🔐 Ethereum Is A Vault, ETH Is The Lock: A Framework for ETH's Fair Value, Today and By 2030 0:00 - Intro 2:51 - Tom’s role investing at Varys 3:32 - DCF is the wrong way to value ETH 6:16 - Is Ethereum winning? 11:40 - Fees are friction, not how we value ETH

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🎙️ New @Edge_Pod 🔐 Ethereum Is A Vault, ETH Is The Lock: A Framework for ETH's Fair Value, Today and By 2030 0:00 - Intro 2:51 - Tom’s role investing at Varys 3:32 - DCF is the wrong way to value ETH 6:16 - Is Ethereum winning? 11:40 - Fees are friction, not how we value ETH 16:12 - Can Ethereum have its cake and eat it too? 19:45 - If Ethereum is the vault, ETH is the lock 23:58 - Why stablecoin numbers look bullish 27:04 - Ethereum must succeed, or crypto fails 28:59 - Comparison to Linux + DTCC is wrong 32:55 - Importance as trustware producing blocks 35:40 - Underestimating the L1 scaling 39:41 - Stablecoin issuers still rely on Ethereum 42:11 - The framework is for ETH, not DeFi tokens 45:15 - $20k - $50k price once liq hits $750B 47:33 - How Tom gets to a FMV today of $6.9k 52:59 - 2030 base case ($55k) vs bull case ($138K) 53:57 - Closing 🙏 Thanks to @VarysCapital Head of Venture, @dunleavy89, for joining us!

🔗 Find all the links to this new episode of The @edge_pod and future pods by subscribing to The Edge Newsletter. the-edge.xyz/p/ethereum-is-…

🎙️ Ep 237 is live 🔐 Ethereum Is A Vault, ETH Is The Lock: A Framework for ETH's Fair Value, Today and By 2030 ✨ Featuring @VarysCapital Head of Venture, @dunleavy89 youtu.be/i4vVeDM7u_k

New @edge_pod's out! @dunleavy89 walks through a framework for valuing ETH today and where it could go by 2030. If Ethereum is a vault holding stablecoins, RWAs and DeFi activity, and ETH is the lock protecting it, how much does the lock need to be worth? $55k - $138k per ETH