Podcast: How to Get Started in DeFi

Jason and Anil talk about DeFi, crypto gaming and how Anil got so bullish on NFTs.

article-image

Anil Lulla, chief operating officer at Delphi Digital

share

In the latest episode of Blockworks’ podcast “Empire,” Jason Yanowitz , co-founder of Blockworks, sits down with Anil Lulla, chief operating officer at Delphi Digital, to talk about DeFi, crypto gaming and how he got so bullish on NFTs.

After completing a major in finance and a minor in entrepreneurship at Rutgers Business School, Anil worked at Bloomberg as a corporate bond analyst for two years. He then joined Deutsche Bank where he worked on structuring leveraged finance products, according to a bio on CoinTelegraph.

He left Deutsche Bank and co-founded Delphi Digital, a high-end digital-asset research firm that provides credible, actionable analysis for the crypto industry. Delphi also has a venture arm and a DeFi consulting wing.

Anil and Jason talked about:

  • NFTs and music
  • What is Tokenomics?
  • How do you come across good crypto investments?
  • How do investors dive into different projects?
  • Did NFTs die?
  • Coordinating people across the metaverse”
  • How to hire people who make six figures on yield farming

Check out what they had to say in the video below. 👇

On “Empire,” once a week, Jason interviews individuals that have built the crypto industry to talk about their struggles, bold moves and tough decisions. For any NPR or Guy Raz fans out there, you can think of “Empire” like a “How I Built This” for the bitcoin and crypto industry.

Episodes are released every Thursday morning. 

Subscribe to Empire today on Apple or Spotify. Watch episodes on YouTube.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flashnote Template (41).png

Research

We believe that few tokens at the application layer are diverging more from fundamentals than ZORA. Its fully-diluted P/S sits at 90x, pricing significant growth despite a consistent decline in weekly revenues since late July. We foresee an 80% decrease in protocol net margins due to a recent update to the fee structure that reduces trading fees from 3% to 1%, while boosting creators’ portion of the fee split. ZORA’s supply overhang also represents a near-term headwind, with 45% of ZORA’s supply (4.5B tokens or $350M at current prices) earmarked for the team & investors beginning to unlock on October 23, 2025 (36-month linear vesting schedule).

article-image

Insiders have the best information — markets should be willing to pay for it

article-image

The CFTC-regulated exchange is opening doors to crypto builders and traders through grants, partnerships, and new deposit options

by Blockworks /
article-image

DFS tells banking organizations to integrate blockchain monitoring tools to curb money laundering and sanctions risks

by Blockworks /
article-image

New short and long-term priorities include L1 gas boosts, ZK-EVMs, privacy reads, and a lean, quantum-resistant Ethereum

by Blockworks /
article-image

The new stBTC token redistributes Bitcoin gas fees to users, creating liquid yield without inflation or lockups

by Blockworks /
article-image

The reserve will collect protocol revenues to back W token, alongside new yield and unlock schedule

by Blockworks /