Plasma’s $10B Launch, ASTER Trade Ideas, DAT Insider Crackdown & Jonah's META Thesis
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If this if the financial ecosystem gets built on top of this, there is stupid silly upside for this project. Yeah. I don't know. I think it's super exciting and the team gets it. They incentivize people by letting the community get in and make some money as opposed to what seems to be going on around the world in other contexts, which is the team just dumps on the community and and uses the community as exit liquidity. So this this team is building for the long run.
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All right. Are live We're streaming we're streamers, Avi. We're streaming.
Back to live. It's good. I I like it this way. So hopefully, we can get some good comments, some good people coming in. Jonah, it's good to see you. How's Good the
week to you too, man. It's been a good week. It's been volatile. Just watching my crypto bags erode some value, then gain some value, then puke. I haven't I'm trying not to focus too much on it. These are times when I like to pull back and try to just think about the bigger picture rather than like trying to analyze every heartbeat with my fingers on the pulse panicking about every gap between every heartbeat in the market. I'm not that dialed in right now. Also, had some Jewish holidays and I just turned my phone off for a couple of days and then turned it back on to see plasma, our favorite
Oh my god. Unbelievable. It's like they they pulled off something that I thought just wasn't wasn't able to be pulled off just because so many people had failed at it. I think a lot of different launches They tried so many different mechanics. People have tried airdrops. People have tried points. People tried all these different mechanics to get their launch of a platform off to a good start. And Plasma kind of just nailed it. They had all of the incentives lined up. Mean if you look at it, there's $6,000,000,000 on Aave on Plasma now because of the incentive program that they're running. I th
Yeah.
Overall, mean, billions of dollars on Aave itself is huge. And I think when you get momentum like this in the beginning, I mean, it's just go, go, go. I think that plasma could could easily be a $2,030,000,000,000 dollar protocol in the next in the next year as as long as I keep firing on all on all cylinders. So I'm, you know, I'm still I'm still a holder. I'm still I'm still bullish. Thing things are looking things are looking good for plasma, which is kind of interesting because the rest of the market was not looking as good. Yeah. You know, I On the last podcast What did we say on the last
Yeah, I feel similar. I mean, let's talk about Plasma for a second. This team is just executing on all cylinders. Right? So in terms of partnerships, I think they're linked up with, for starters, Tether and Bitfinex. I think the founders of Tether are deeply involved in plasma. So that's a great start. I think they have a partnership with Binance. They've got EtherFi, USDAI, Peter Thiel's in it. This is just one of those projects that you've occasionally come across maybe once a year that's kind of anointed to succeed. And overall, I'd say I'm a pretty crappy venture investor. But one thing th
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