Jay Patel, the CEO of Lygos Finance, and Aydin Kilic, CEO of HIVE Digital, join us to respectively discuss risk in crypto credit markets and Hive’s latest $100M senior note. For news, we break down the $293 million Kelp DAO hack by the Lazarus Group and the $13 billion ripple effect this had on other DeFi platforms like Aave. Plus, we give a recap of one of the most salient talks at Blockspace’s OPNEXT conference and break down NYDIG’s incipient deal to purchase an aluminum smelting site from Alcoa that has been dormant since 2014.

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Notes:

• $13.8 billion unwound from DeFi in 48 hours.

• Kelp DAO exploit led to $293 million loss.

• Aave protocol facing $195 million in bad debt.

• Bitcoin rallied back above the $75,000 level.

• NYDIG eyes Alcoa smelting site for BTC mining

Timestamps

00:00 Start

03:26 DeFi is NOT ok

13:58 Jay Patel, Lygos Finance

34:31 Aydin Kilic, HIVE

58:46 OPNEXT recap

1:11:33 NYDIG to buy defunct aluminium smelter

1:14:09 Strategy buying more BTC

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