Did we just interview this cycle’s GCR?
The lore behind Kool Krypto is genuinely epic. Mining Bitcoin at 13, discovered DeFi through ETHLend, early to onchain perps with GMX and Gains, farmed the Hyperliquid and Lighter airdrops, held HYPE, sold LIT at TGE, then rebought LIT, and now runs his own fund trading and investing in DeFi fundamentals, backed by one of the most notable family offices in the world (trust me you’d know the name!). He's been more right than wrong at major inflection points in crypto and DeFi for the last 15+ years — and we’re excited to host his first major podcast interview.
Aside from listening to the pod, I would recommend reading Nomatic's weekly DeFi Frontier post above from earlier this week: The Last Thing You See Before You Trade Onchain Options. It covers how Kool's viral trades and PnL cards are pulling more people into options, what his ETH call spread actually shows about defined-risk asymmetric bets, and how tools like Derive, Derivatives Monkey, and Overwrite are making onchain options more accessible than ever. Note: We did not discuss it on the pod but shoutout to our friends at Rysk for being at the bleeding edge of making onchain options great again. Go back and watch the full episode on Rysk!
In this new episode part of a series we're soft-launching called The Thesis, Kool Krypto shares his full thesis on why people have forgotten to believe. A lot of what the DeFi community has been building toward for five to seven years is finally coming to fruition, and the biggest mistake most investors will make this cycle is selling too early.
He walks us through his live trades on Derive including a viral BTC call spread that was up $3.5M in profits and his ETH $5K-$7K call spread for March 2027 — a roughly $330k bet for a potential max payout now of $20M, one he put on the morning of our interview recording.
Within hours of posting this call spread setup publicly, other traders were copy-trading the exact same structure on Derive, now with over 121 accounts having bought the same two strikes: 43,854 spreads for $1,325,827 according to this onchain analyst.
Kool explains his approach to making such asymmetric bets, including why he believes ETH extreme upside is fundamentally mispriced right now, and why an all-time high break is where the real asymmetric returns come from.
We were surprised but delighted by his non-consensus view that CLARITY failing to pass would be a positive catalyst for why “Opulent October” is the most interesting window to get long before a potential year-end breather.
Listen to the latest Edge Podcast for the full interview!
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🔗 Guest Links 🔗
► Kool Krypto on X: x.com/koolkrypto223
► Derive website: derive.xyz
► Derivatives Monkey website: derivativesmonkey.com
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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic hold ETH, BTC, and DRV. Both were angels in Kinetiq.
