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Empire · April 24, 2026 · 1h 13m

DeFi’s Latest $290M Hack, Kalshi vs Polymarket & Will the Clarity Act Pass?

Jason Yanowitz, Rob Hadick, Santiago Roel

Hosts Jason Yanowitz, Santiago Roel, and Rob Hadick discuss the $290 million exploit of DeFi protocol KelpDAO and how to address recurring DeFi hacks. They also examine the rivalry between prediction market platforms Kalshi and Polymarket, debate the chances of the Clarity Act passing, and explain the new stablecoin USDai. The episode covers the current inflection point in crypto, though no financial advice is given.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Highlights

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$290M KelpDAO Exploit00:02:25
The hosts discussed the recent $290 million exploit of KelpDAO, a DeFi protocol.
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Resolving DeFi Exploits00:02:25
The hosts deep-dived into how to resolve the recent wave of DeFi exploits.
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Crypto at an Inflection Point00:18:43
The hosts argued that cryptocurrency is at an inflection point.
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Kalshi vs. Polymarket Rivalry00:39:51
The hosts examined the rivalry between prediction market platforms Kalshi and Polymarket as they push to launch perpetual contracts.
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Will the Clarity Act Pass?01:01:33
The hosts debated whether the Clarity Act, a proposed crypto regulation bill, will pass.
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What Is USDai?01:04:53
The hosts explained the new stablecoin USDai and its role in DeFi.
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