The KelpDAO Hack and DeFi’s Stress Test | Ian Unsworth

The KelpDAO Hack and DeFi’s Stress Test | Ian Unsworth

From Lightspeed by Blockworks

April 22, 2026 · 1h 2m

About this episode

Ian Unsworth joins to discuss the KelpDAO hack and its implications for DeFi.

Gm! In today’s episode, we’re joined by Ian Unsworth, Co-founder of Kairos Research, to break down the KelpDAO hack and its impact on DeFi, from liquidity outflows to risk management. We also cover stablecoin yield strategies, Ethena’s backing model, Layer 2 risks like Scroll, and emerging infrastructure like DoubleZero Edge. Enjoy! -- Follow Lightspeed: ⁠https://x.com/Lightspeedpodhq Follow Kairos Research: https://x.com/Kairos_Res Follow Ian: https://x.com/Ian_Unsworth Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: ⁠https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (2:56) rsETH Hack (11:40) Are DeFi Rates Worth It? (19:45) Scroll’s Gas Price Controversy (25:46) Ethena’s Backing and Yield Model (38:48) Why DoubleZero Edge Matters (45:39) Solana Value Capture Debate (58:22) Where DoubleZero Goes Next (1:00:55) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for…

People in this episode

Host: Danny

Guest: Ian Unsworth

Topics covered

  • KelpDAO hack
  • DeFi
  • liquidity outflows
  • risk management
  • stablecoin yield strategies
  • Layer 2 risks
  • emerging infrastructure

Keywords

  • KelpDAO
  • DeFi
  • stablecoin
  • liquidity
  • risk management
  • Layer 2
  • DoubleZero Edge

Mentioned in this episode

Organizations: Kairos Research, Lightspeed, Blockworks

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