A Beginner’s Guide To ETH Treasury Companies

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. ------ 🔗 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 https://www.redstone.finance/ 🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET https://app.maple.finance/earn?referral=Mig0gHP59IYC 🦅 ⁠FALCON⁠ | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE https://app.falcon.finance?r=0ec4ccafcd94a7756710278ebfd7dd4b ⚡ ⁠SPARK⁠ | THE ONCHAIN CAPITAL ALLOCATOR https://link.spark.fi/Defi_Dad 🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE https://group.mantle.xyz/ ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED https://gearbox.fi/ 🐡⁠ PUFFER UNIFI⁠ | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS https://www.puffer.fi/unifi 📈⁠ RUMPEL⁠ | TURN POINTS INTO PROFITS https://www.rumpel.xyz/ ------ 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 ------ 🔗 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 ------ 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.

As Ethereum Turns 10, Where Is the Foundation Focused Next?

Ethereum turned 10 on Wednesday, capping off a decade of trials and travails — but also triumphs. After years of being the heart of crypto’s onchain economy, Ethereum stalled last year, losing mindshare and market share to Bitcoin and Solana. During that time, some long-time supporters publicly aired frustrations with the Ethereum Foundation. Now, there’s a palpable shift in energy. In this episode, Tomasz Stanczak, the co-executive director of the Ethereum Foundation, reflects on the 10-year anniversary and talks about what’s ahead. From internal strategy overhauls to his plans to tackle Ethereum’s UX and developer experience, Tomasz shares how the Foundation is trying to re-center Ethereum — and why he’s betting on it for the next decade. He also lays out what he calls a “secondary roadmap,” including bold ambitions like building Ethereum into a platform for AI, machines, and even a new kind of open-source society.

The Next Generation Of Consumer Crypto With Luca Netz

Luca Netz is the CEO of Pudgy Penguins and Igloo - who are building Abstract, a new layer 2 blockchain leading the next generation of consumer crypto. We all know Pudgy Penguins well: Pudgy Penguins is the most successful web3 IP to date: it is the most viral IP online with more than 40b views on Giphy; it is one of the most collectible NFTs as a loyal web3 collector base catapulted the NFTs to more than a $100,000 floor price earlier this year; and has paired this web3 success with web2 and IRL success via partnerships with Walmart, Target and PEZ - amongst many others. On the Abstract side, backers from Peter Thiel’s Founders Fund said Abstract is well positioned to onboard the masses to crypto because “Pudgy Penguins has the best 0 to 1 distribution edge we’ve ever seen in the crypto space” In this conversation today we will focus in on Abstract, its vision and how Luca is building out for the next generation of consumer crypto.

10 Years In, Here's Why Aave's Founder Isn’t Done Betting on Ethereum

On Ethereum’s 10th anniversary, Aave founder Stani Kulechov says the “DeFi mullet” is the future of finance. Ethereum just turned 10, and Stani Kulechov, founder of Aave, one of the earliest and most influential lending protocols in DeFi, is more bullish on the OG layer 1 blockchain than ever.  In this wide-ranging interview, he reflects on Ethereum’s resilience, explains why Aave is still laser-focused on it despite the rise of competitors like Solana, and gives us a preview of Aave V4 and its institutional play, Horizon.  If you want to understand where DeFi is going, you’ll want to hear what Stani has to say.

Will Aerodrome and Velodrome Dethrone Uniswap?

Alex Cutler and Ace are Core Contributors at Aerodrome and Velodrome. In this episode, we discuss whether Aerodrome and Velodrome can dethrone Uniswap. Alex and Ace share why these popular ve(3,3) AMMs continue to capture a significant portion of Uniswap’s dominance on Base and Optimism, and how they’ve set the bar for teams championing the anti-VC sentiment with zero fees, no VC backing, and no major team unlocks. ------ 🔗 Essential Show Links 🔗 ► 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://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🚀 FLAT MONEY | NEW FLATCOIN AND DELTA-NEUTRAL MARKETPLACE BACKED BY RETH https://flat.money/ 💧 INSTADAPP | NEW LENDING AND BORROWING VAULTS WITH FLUID https://fluid.instadapp.io/ 🧑‍🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS https://www.mantle.xyz/ 🍵 MATCHA.XYZ | THE BEST PRICE ON OVER 5 MILLION TOKENS https://matcha.xyz/ 🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS https://kelpdao.xyz/restake 🔵 BLUEBERRY | THE DEFI PRIME BROKERAGE https://www.blueberry.garden/ ------ Timestamps 0:00 - Intro 5:43 - Start of ve(3,3) AMMs 9:46 - The flywheel nature of ve(3,3) 15:04 - Aligning core contributors as veToken lockers 20:32 - The magic of a bear market start 26:16 - Why build on Base? 30:42 - Why build Slipstream? 35:30 - Blueberry mid-roll 35:59 - Importance of the OP Superchain 41:24 - Closing ------ 🔗 Guest Links 🔗 ► Velodrome Website: https://velodrome.finance/ ► Aerodrome Website: https://aerodrome.finance/ ► Velodrome on Twitter: https://twitter.com/velodromefi ► Aerodrome on Twitter: https://twitter.com/aerodromefi ► Alex on Twitter: https://twitter.com/wagmialexander ► Ace on Twitter: https://twitter.com/ace_da_book ------ 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 holds VELO and AERO. 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.

BASE Creator Jesse Pollak: Why Most Crypto Traders Lose (And What to Do Instead) | E93

Jesse Pollak is the creator of Base, Coinbase's ethereum layer 2 network offering a secure, low-cost way for anyone to build decentralized apps onchain. He is also the Lead at Coinbase Wallet and a member of the Coinbase Exec Team. In this conversation, Jesse shares his deeply personal journey of building Base, from the intense pressure of early ideation to the physical and emotional toll of its launch. He opens up about almost quitting, losing 20 pounds from stress, and how his wife's intervention helped him through the darkest moments. Beyond the struggles, Jesse discusses his ambitious vision for an onchain future, predicting that "everything will be onchain in 5 years." From his unique background in Quaker schools to his unconventional problem-solving methods, Jesse offers rare insights into what it takes to build a platform that could transform how billions of people interact with the digital world. In this episode, we explore: Jesse’s mind and struggles What gave him a big chip on the shoulder How hard the beginning of Base was on a personal level Why the most successful products in crypto DO NOT have a token The Coinbase’s centralization Paradox How Jesse built the leading Ethereum Layer 2 in the crypto space. Why Jesse owns a Cryptopunk What it takes to be a successful founder in crypto Why Jesse cuts his hair earlier this year How Jesse finds solutions to the most complex problems! And much more!

Onchain record labels with Coop Records

The inaugural episode of the Coop Records Podcast featuring the core team - Cooper, Ramie, Jake and Cece. We cover the origins of Coop Records and everything you need to know about running an onchain record label in 2024.

Rebuilding the Creator Economy

For centuries, creators have given up a big share of their earnings for a chance to reach audiences. In 18th century England, authors’ desires to break free of censorship and exercise the power of the written word led to the growth of modern copyright law, a key pillar of the creator economy. But to this day, publishers and distributors of content have enormous power over how creators make money and grow with their audiences.What if that didn’t have to be the case? What if, by “going onchain” through blockchain-based apps and platforms, creators could gain complete ownership over their content and create new revenue models, where they (not publishers or platforms) could set the terms?We’ll examine what it means to create, consume, and connect onchain — and find out how this next evolution of the online world could rebuild the creator economy as we know it.