In this episode of the DeFi Podcast, hosts Bill, Jared, and Rhett dive into the hottest topics shaping the crypto world: the meteoric rise of Trump coin and Trump’s pardon of Ross Ulbricht. Trump coin, a meme coin launched by the former president, shook the market by reaching a $60 billion valuation at its peak, sparking conversations about the normalisation of meme coins and their potential for onboarding new users. The team also discusses Trump’s high-profile pardon of Ross Ulbricht, the creator of Silk Road, highlighting the harsh sentencing disparities in crypto-related crimes and what this moment symbolises for decentralised movements.
The hosts also delve into Avant's highly anticipated launch on Avalanche, with Rhett providing insights into its flagship product, $avUSD. This innovative DeFi solution offers users a stable and yield-generating asset, simplifying the process of managing on-chain holdings. Rhett breaks down how $avUSD works, its market potential, and Avant’s vision for expanding into other high-yielding assets and governance tokens in the future.
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00:00 Introduction and Welcome
01:25 The Rise of TrumpCoin
02:25 Market Reactions and Meme Coins
11:40 Solana's Performance and Onboarding
16:25 Ross Ulbricht's Release
24:41 Trump's Evolving Stance on Crypto
25:03 Crypto Sanctions and Tornado Cash
26:21 The Changing Crypto Landscape
30:23 Introduction to Avant Protocol
31:15 How Avant's AVUSD Works
33:52 Future Plans for Avant
45:51 Market Timing and Stable Coins
49:19 Conclusion and Final Thoughts
Disclaimer: Nothing discussed on this podcast constitutes financial advice. The hosts and guest may hold positions in some of the assets or projects mentioned during the episode. Please consult a professional investment advisor and do your own research before making any financial decisions.
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