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In this episode, we’re joined by Guy Young , Founder at Ethena Labs, to discuss the rapid growth of USDe, the design of their new products like USDtb, and the launch of Converge and Ethereal. He shares insights on stablecoin infrastructure, institutional adoption, risk management, and Ethena’s broader vision to bridge DeFi with TradFi.
Thanks for tuning in!
As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.
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Resources
Converge Technical Specification & Roadmap: https://x.com/convergeonchain/status/1912853619038461967
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Special thanks to our sponsor, dYdX!
Stay up-to-date with DeFi’s Pro Trading Platform by following dYdX on X: https://x.com/dYdX
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Tickets: https://blockworks.co/event/permissionless-iv
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Follow Converge: https://x.com/convergeonchain
Follow Ethereal: https://x.com/etherealdex
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Timestamps:
(0:00) Introduction
(1:45) Recent Product Launches
(5:33) Asset Issuance on Converge
(11:20) Scaling Ethena
(13:12) Considering New Assets For Staking Yield
(15:25) Dealing With Risk
(17:34) USDtb's Place in the Ethena Ecosystem
(21:52) Overview of Ethereal
(24:47) Converge DApps
(28:47) Credit Expansion and Associated Risks
(31:34) dYdX Snippet
(39:12) Will Ethereal Harm Relationships With Exchanges?
(41:17) Protocols Hardcoding USDe to 1$
(44:25) USDe's Competition
(46:10) The Biggest Risks to Ethena
(48:14) The Fee Switch
(52:18) Ethena's Focus Going Forward
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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
Blockworks Research: https://www.blockworksresearch.com/
Free Daily Newsletter: https://blockworks.co/newsletter
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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.
In this episode, the 0xResearch crew dives into Bitcoin’s potential decoupling from US equities, the rise of Zora’s controversial content coin model, and the implications of its “for-fun” token. They also explore app vs. chain revenue dynamics, and the evolving role of “fat apps” in capturing value across crypto ecosystems.
Thanks for tuning in!
As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.
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Ledger, the global leader in digital asset security, proudly sponsors 0xResearch! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER device now and build confidently, knowing your precious tokens are safe.
Buy now on https://shop.ledger.com/?r=1da180a5de00.
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Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code 0x10 at checkout for 10% off!
Tickets: https://blockworks.co/event/permissionless-iv
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Follow Dan: https://x.com/smyyguy
Follow Ryan: https://x.com/_ryanrconnor
Follow Westie: https://x.com/WestieCapital
Follow Danny: https://x.com/defi_kay_
Follow Blockworks Research: https://x.com/blockworksres
Subscribe on YouTube: https://bit.ly/3foDS38
Subscribe on Apple: https://apple.co/3SNhUEt
Subscribe on Spotify: https://spoti.fi/3NlP1hA
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh
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Timestamps:
(0:00) Introduction
(2:05) Is Bitcoin Decoupling?
(7:33) Can Zora's Model Work?
(18:39) Ads (Algorand & Ledger)
(19:19) Are People Going to Pay For Content?
(34:23) Ads (Algorand & Ledger)
(35:26) Zora Announces Their Token
(46:43) App Revenue is Growing Faster Than REV
(56:49) Closing Comments
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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
Blockworks Research: https://www.blockworksresearch.com/
Free Daily Newsletter: https://blockworks.co/newsletter
--
Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.
