DeFi on Bitcoin Explained | Edan Yago | Pomp Podcast #575


This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Edan Yago, a neuroscientist and entrepreneur who dropped everything nine years ago to focus on Bitcoin. He is driven by the opportunity to create a new, open economic system that empowers individuals globally. He has been pivotal in establishing the recently-launched Sovryn protocol, a decentralized bitcoin trading and lending platform, one of the first Bitcoin-native DeFi platforms.

In this conversation, we discuss bitcoin DeFi, Layer 1 scalability, Smart Contract platforms, Altcoins vs Tokens, Rootstock, Merge Mining, Ethereum, Binance Smart Chain, and Bitcoin’s future.


Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at

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0:00 – Intro
0:16 – DeFi on Bitcoin
06:25 – Network Effects
12:18 – Smart Contract Wars
18:05 – Changes That Enabled Bitcoin Smart Contracts
22:39 – Ethereum Rollups
24:32 – Sovryn
33:26 – Winner Take All? Or Multi-Chain World?
43:09 – DIfference Between Bitcoin, Altcoins and Tokens
48:21 – Sovryn Token
58:20 – Investing in Innovation Over Time
1:05:10 – Most Important Book
1:05:22 – Sleep Habits *Sponsored By Eight Sleep*
1:06:12 – Aliens. Believer?
01:08:03 – Question For Pomp
01:11:45 – Where to Find Edan and Sovryn Online