DePINed is a podcast focused on the ecosystem of decentralized physical networks. DePIN companies and protocols crowdsource infrastructure such as WiFi hot spots, computer servers and even cars and, using crypto incentives, create cohesive, global networks from thousands of different providers. This podcast explores all of the use cases launching in this sector as well as the key players in financing and explaining this growing sector which will reshape a broad array of industries. Hosted by Tom Trowbridge, co-founder of Fluence, previously co-founder and president at Hedera Hashgraph.
Privacy for Web3: Confidential On-Chain for Stablecoins, DeFi & RWAs | Francis Otshudi, iExec (#79)
Privacy is becoming a critical layer for Web3 infrastructure — especially as stablecoins, DeFi, and RWAs move on-chain and attract institutional adoption. But how can decentralized systems ensure both transparency and confidentiality?
In this episode of the DePINed Podcast, host Tom Trowbridge, Co-Founder & CEO of Fluence, sits down with Francis Otshudi, CTO of iExec, to explore how privacy-preserving infrastructure is evolving in Web3.
Together, they discuss:
- How iExec uses Trusted Execution Environments (TEEs) to enable confidential computation on decentralized infrastructure
- Why privacy is not just about security, but about ownership of digital assets and data
- The shift from protocol-first thinking to productized platforms in DePIN and Web3
- How confidential stablecoins, private DeFi strategies, and privacy-preserving KYC can unlock institutional adoption
- Why iExec is focusing on Web3-native users first
This episode dives into one of the biggest challenges for decentralized compute today — making privacy usable, scalable, and compatible with real-world use cases.
🎧 Listen and watch the episode on YouTube, Spotify and Apple Podcasts and follow DePIN Space for more materials with founders building real-world decentralized infrastructure.
5 Mar 2026
Bitcoin Mining as Home Heat: Turning Compute Into a Consumer Product | Alex Busarov, Heatbit (#78)
Bitcoin mining, energy efficiency and decentralized infrastructure are increasingly intersecting as new hardware models emerge.In this episode of the DePINed Podcast, host Tom Trowbridge, Co-Founder of Fluence, sits down with Alex Busarov, Founder of Heatbit, a company building home heating devices that mine Bitcoin.The conversation explores how Heatbit turns a simple physical principle — electricity becoming heat — into a new consumer hardware category. Instead of treating heat as a waste product of computation, Heatbit uses it as a primary function, effectively transforming Bitcoin mining into a household appliance.In this episode, they discuss:
- How Heatbit turns a space heater into a Bitcoin mining device
- Why compute always produces heat and how that changes energy economics
- The idea of distributed “home data centers” instead of centralized mining farms
- Why energy costs are becoming the dominant factor in Bitcoin mining
- Heatbit’s vision for making Bitcoin mining accessible to everyday users again🎧 Listen and watch the episode on YouTube, Spotify and Apple Podcasts — and follow DePIN Space for more materials with founders building real-world decentralized infrastructure.
19 Feb 2026
Asset-Backed Loans for Compute: Turning GPUs into DeFi Yield | Conor Moore, USD.ai (#77)
GPU compute is becoming the core infrastructure layer of AI, but financing that infrastructure is still broken. Traditional lenders can’t efficiently underwrite small-to-mid GPU loans and the ABS market can’t move fast enough for hardware that depreciates in 3–5 years.In this episode of the DePINed Podcast, host Tom Trowbridge, Co-Founder & CEO of Fluence, sits down with Conor Moore, сo-Founder of USD.ai, a lending protocol building asset-backed GPU loans and turning them into a yield-bearing on-chain token.- Why GPU lending barely exists in TradFi and why private credit doesn’t serve the “missing middle”
- How on-chain rails make GPU credit “tradable day one,” bypassing slow securitization cycles
- What USD.ai’s loan terms look like: ~3-year duration, 70–80% LTV, ~7–15% rates depending on offtake quality
- Why non-recourse, asset-localized collateral (bankruptcy-remote SPVs + title) matters for compute operators🎧 Listen and watch the episode on YouTube, Spotify and Apple Podcasts — and follow DePIN Space for more materials with founders building real-world decentralized infrastructure.
Who has been a guest on DePINed podcast
Names identified in recent episode analyses. Showing up to five guests.
Ivan Nikitin
Jason Badeaux
Samer Bishay
Andrej Radonjic
Luis Oscar Ramirez
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
5.0 / 5
2 ratings
Podcast Authority Score: 40 / 100
A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.
Quality
68
Social presence
0
YouTube
0
Engagement
32
Contact DePINed podcast
Guest appearances
Books guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Questions about DePINed podcast
Who hosts DePINed podcast?
Tom Trowbridge host the show. Published by Fluence.
How often do new episodes come out?
The show publishes weekly, based on its RSS feed.
Does DePINed podcast take guests?
Yes. Guests have been identified in episode analyses.
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