The Defiant - DeFi Podcast $100 Million DeFi DAT Chooses ETH | Ryan Zurrer
Sep 19, 2025
Ryan Zurrer, a crypto investor and co-author of the MakerDAO whitepaper, dives into the $100 million bet Game Square placed on Ethereum. He explains how Ethereum leads in six key crypto use cases, including stablecoins and DeFi yields. Zurrer discusses Dialectic’s innovative strategies for risk-adjusted returns and shares insights on corporate crypto adoption. He also highlights lessons from past crypto cycles, emphasizing the importance of decentralization and fair launches in building sustainable ecosystems.
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Ethereum As Financial Substrate
- Ethereum dominates five of six real-world crypto use cases, making it the leading financial substrate for future applications.
- Ryan argues this dominance makes Ethereum a superior choice for corporate treasuries seeking programmable cashflow.
Lean Into DeFi Yielding
- Use DeFi's programmability to generate risk-adjusted yields far above staking and Bitcoin's native returns.
- Compound those yields programmatically to maximize long-term corporate treasury growth.
Founding Dialectic As First Client
- Ryan founded Dialectic in 2019 as a compounding machine and became its first client to test the strategy himself.
- He built an automated, data-driven engine that compounds yields across ETH, BTC, and USD assets while he sleeps.