Bits + Bips: Hyperliquid’s USDH Bidding War & Why the DAT Model Is Broken - Ep. 900
Unchained10 Sep 2025

Bits + Bips: Hyperliquid’s USDH Bidding War & Why the DAT Model Is Broken - Ep. 900

The fight for Hyperliquid’s USDH stablecoin is more than a ticker battle—it’s a referendum on how crypto distribution, governance, and incentives will shape the next trillion-dollar market. In this episode of Bits + Bips, Steve Ehrlich sits down with Delta Blockchain Fund’s Kavita Gupta, Galaxy Digital’s Alex Thorn, and Frax founder Sam Kazemian to dig into the big questions: Who will win the USDH war, and why does distribution matter more than design? Are DATs fulfilling their promises—or raising money without accountability? Why are L2s the wrong place for tokenized stocks? And where exactly is the trillion-dollar opportunity in stablecoins? Sponsors: Xapo Walrus Host: Steve Ehrlich, Executive Editor at Unchained Guests: Kavita Gupta, Founder & Managing Partner of Delta Blockchain Fund Alex Thorn, Head of Firmwide Research at Galaxy Digital Sam Kazemian, Founder of Frax Finance Links: Unchained: The Competition Is On. Who’ll Win the USDH Ticker on Hyperliquid? Stablecoin Issuers Enter Bidding War to Launch Hyperliquid’s USDH Sky Joins Bidding War to Launch Hyperliquid’s USDH Timestamps: 🎬 0:00 Intro 🔥 4:17 The bidding war for Hyperliquid’s USDH 🗳️ 25:12 Whether the Hyperliquid DAO is truly decentralized ⚠️ 29:22 Are DATs already broken as a product? 🌶️ 35:00 How some DATs avoid fulfilling their promises after raising money 📈 40:27 Why yield-maximization is critical for DATs—and what risks it creates 💵 53:22 Where the trillion-dollar opportunity in stablecoins might actually be 🏛️ 55:35 Why tokenized stocks belong on L1s, not L2s Learn more about your ad choices. Visit megaphone.fm/adchoices

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1147)

The Chopping Block: Erik Voorhees on AI Privacy, Agentic Payments, and Crypto x Memecoin Mayhem

The Chopping Block: Erik Voorhees on AI Privacy, Agentic Payments, and Crypto x Memecoin Mayhem

Crypto OG Erik Voorhees joins The Chopping Block crew to dissect the future of agentic payments, the eternal war for privacy, memecoin-fueled AI drama on Moltbook, and why your next DeFi user might ju...

12 Mar 1h 1min

Bits + Bips: Why This U.S. General Believes Iran Could Be a Huge Opportunity

Bits + Bips: Why This U.S. General Believes Iran Could Be a Huge Opportunity

A U.S. Army Major-General on what markets got wrong about Iran, whether the Strait was ever really at risk, and what the new U.S. strike doctrine signals to China. --- Bits + Bips is spreading its w...

11 Mar 55min

Why the Crypto Markets Seem So Broken and How They Get Fixed After 10/10

Why the Crypto Markets Seem So Broken and How They Get Fixed After 10/10

Rob Hadick and Gracy Chen dig into Bitget's universal exchange shift as more crypto exchanges look to become an “everything app.” Plus, Gracy lets slip details of U.S. plans and how it ties to its tra...

10 Mar 1h 6min

Why It's Easy to Pitch TradFi on Ethereum: 'It's the Only Game in Town'

Why It's Easy to Pitch TradFi on Ethereum: 'It's the Only Game in Town'

Joseph Chalom and Danny Ryan discuss the institutional outlook on Ethereum and why it is “the only game in town.” Bits + Bips is spreading its wings Starting soon, new episodes will only be publishe...

7 Mar 54min

Uneasy Money: Why the Aave DAO Collapse Could Be Good for Aave

Uneasy Money: Why the Aave DAO Collapse Could Be Good for Aave

The Aave DAO collapsed — but might that be good for Aave? (But bad for the token?) Plus, how the feud between the U.S. government and Anthropic helped the AI company. Thank you to our sponsors! ...

6 Mar 1h 15min

Is the Bitcoin Bottom In? Why the Outlook for Real Rates Is in Its Favor

Is the Bitcoin Bottom In? Why the Outlook for Real Rates Is in Its Favor

Analysts Will Clemente, Joe Vezzani and Marcus Wu share their Bitcoin outlook amidst war. Plus, Will shares his thesis on Gen Z’s future, and Marcus previews his Bitcoin game theory model. Thank yo...

6 Mar 1h 8min

DEX in the City: How Prediction Markets Pose a National Security Risk

DEX in the City: How Prediction Markets Pose a National Security Risk

The crew discusses whether prediction markets enable “Bloomberg terminal espionage,,” wonder how to regulate markets that could be on anything, dive into why the OCC is saying no to stablecoin yield a...

5 Mar 53min

The Chopping Block: Has Crypto Lost Its Soul? Cypherpunk Nostalgia, Prediction Markets, & Permissionless Perps

The Chopping Block: Has Crypto Lost Its Soul? Cypherpunk Nostalgia, Prediction Markets, & Permissionless Perps

Crypto’s vibe check time: Jez (izebel_eth) joins the crew to dissect whether idealism is RIP, if cypherpunks should abandon hope, how Memecoins and asset mayhem changed the game, why prediction market...

5 Mar 59min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
popradet
stopp-verden
fotballpodden-2
rss-gukild-johaug
det-store-bildet
nokon-ma-ga
dine-penger-pengeradet
hanna-de-heldige
rss-espen-lee-usensurert
rss-ness
lydartikler-fra-aftenposten
aftenbla-bla
rss-dannet-uten-piano
rss-penger-polser-og-politikk
rss-utenrikskomiteen-med-bogen-og-grasvik
e24-podden