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.
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💎 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

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⏱️ TIMESTAMPS
0:00 - Intro
2:25 - From mining BTC at 13, to trading, to fund manager
5:25 - The light bulb moment with DeFi and Ethereum
7:38 - The poker game that led to his fund
10:26 - How much is TradFi “in the arena” with DeFi?
14:17 - How Kool got into onchain perps: GMX, Gains, Hyperliquid
20:13 - Running a liquid fund, yield generation, and a little VC
23:28 - Why Kool doesn’t trade memecoins
28:01 - The DRV bull thesis
41:14 - Breaking down Kool’s $3.5M BTC call spread in Sept
45:58 - The benefit of Derive’s RFQ-powered trading
50:14 - AI agents are a massive tailwind for onchain options adoption
52:50 - Options trading tools: Derivatives Monkey, DeFiLlama, Claude
56:29 - Pros and cons of options vs perps
1:02:37 - Managing risk and closing options trades
1:05:35 - Forecasting a bullish October, and uncertain end of year
1:11:12 - His viral ETH call spread for March 2027 on Derive
1:17:38 - Kool’s bull thesis for KNTQ and its Hyperliquid L2
1:25:07 - 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 LIT
1:38:24 - Closing
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🔗 GUEST LINKS
► Kool Krypto on X: https://x.com/koolkrypto223
► Derive website: https://derive.xyz/
► Derivatives Monkey: https://www.derivativesmonkey.com/
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🎙️ 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/
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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.
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💎 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

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⏱️ TIMESTAMPS
0:00 - Intro
2:31 - 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 Ethereum
15:05 - How Ethereum gets native private transactions by next year
20:53 - The importance of FOCIL for Ethereum
26:51 - When will private DeFi be ready on Ethereum?
30:58 -Network-based privacy vs protocol-based vs wallet-based privacy
35:04 - 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 privacy
45:44 - Lack of privacy today vs future private UX on Ethereum
51:22 - Closing
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🔗 GUEST LINKS
► Ethereum Research website: https://ethresear.ch/
► Thomas Thierry on X: https://x.com/soispoke
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🎙️ 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/
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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.
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💎 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

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⏱️ 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
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🔗 GUEST LINKS
► Derive website: https://derive.xyz/
► Derive on X: https://x.com/DeriveXYZ
► Nick Forster on X: https://x.com/nickforster
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🎙️ 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/
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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?
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💎 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

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⏱️ 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
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🔗 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
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🎙️ 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/
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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.
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💎 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

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⏱️ TIMESTAMPS
0:00 - Intro
2:40 - Background and why focus on Ethereum
6:51 - 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 resistance
41:56 - The quantum research team at EF
46:28 - Can AI accelerate this research and the EF strawmap?
50:22 - Is Ethereum on track to be quantum-safe?
53:29 - Closing
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🔗 GUEST LINKS
► EF's Strawmap website: https://strawmap.org/
► EF on X: https://x.com/ethereumfndn
► Thomas Coratger on X: https://x.com/tcoratger
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🎙️ 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/
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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.