This week Guy Young joins the show to discuss the next chapter for Ethena. We deep dive into Ethena's business model, how DATs could enable DeFi's breakout moment, how Ethena will scale in the future, advice for founders & more. Enjoy!

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Timestamps:

(00:00) Introduction

(03:29 )The Ethena Business Model

(07:04) Valuations & VC Unlocks

(12:44) The Ethena DAT (StablecoinX)

(15:11) Are DATs Sustainable?

(18:36) DeFi’s Breakout Moment

(24:12) Partnering With Pendle & Aave

(31:49) Ads (Eigen Layer)

(32:48) Advice For Founders

(37:34) How Does Ethena Scale

(44:18) What Is iUSDe?

(47:47) Hyperliquid Is Launching A Stablecoin (USDH)

(53:39) Corporate Chains

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Episode 251: The Martyr Emperor and the Puppet Emperor