🏙️ DAS must-reads

Dispatches from DAS NYC

Byron attended the Digital Asset Summit in NYC and covered the conference’s most interesting speakers, panel discussions, booths, gossip, “vibes,” and more. Plus, we find out his go-to bagel/rugelach recommendation and which Sopranos reference caught his attention.

• Day 1: Paul Atkins, Michael Selig, and waking up at 3:45 a.m.

• Day 2: OpenClaw agents and a carriage made of bicycles

• Day 3: Michael Saylor and Byron’s bagel order

Architecting DeFi’s yield curve

Speaking at DAS, Blockworks Research analyst Luke Leasure analyzed the rolling term spread between back-month and front-month implied yields to track the slope of the onchain yield curve, showing a strong relationship with BTC forward returns.

Luke also noted that sUSDe principal tokens exhibited the highest collateral utilization across onchain money markets, reinforcing their role as a core yield instrument and creating reflexivity between demand for carry and the shape of the curve, positioning the term structure as a forward-looking signal for BTC price, cost of carry, and broader market regimes.

Ethereum’s quantum plan before Q-Day (with Justin Drake)

Justin Drake frames post-quantum security as a near-term design problem rather than a distant sci-fi tail risk. The strongest part of the conversation is not the alarm around Bitcoin's dormant coins, but the concrete roadmap.

Drake says Ethereum could finish its post-quantum work by 2029, ahead of his personal 2032 estimate for a cryptographically relevant quantum machine. That makes the episode useful because it treats quantum less as a talking point and more as an engineering and governance problem that both Ethereum and Bitcoin will eventually have to answer.

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