HODLong 后浪

Shownotes:

1. Self-intro
2. How does it feel working on a project full time for an extended period of time?
3. For those who don’t have any context Su Zhu had a “Supercycle” thesis for Ethereum in the previous bull run. So tell us under today’s context, what’s a Supercycle?!
4. Why shifting from OPNX to OX.FUN?
5. You guys are laser focused on Perps right now. I know you thought about doing a Launchpad but decided not to. What was the thought process?
6. What kind of audience and market do you think you captured in the recent run-up? Who are your major users?
7. You decided to go for a lot of OX pairs - that was definitely a bold move. Why so?
8. What do you think about outcompeting other players in the space in the long run?
9. Your feelings about all these different L1/2 ecosystems.
10. Your view on Ethereum now?
11. Mindshare perps. We preliminarily discussed this possibility before. Any plan on that?
12. What are the major focuses on 2025 for OX?
13. Your personal goal in the new year?!

Twitter: @nicodotfun / @OXFUNHQ

Website: https://ox.fun/en

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Show Notes:

• What brought you into into crypto
• Introduction of SOON
• There were so many scaling solutions available. What was the thinking behind launching soon at this time? What’s the mission and vision behind?
• The mindshare around SOON has been growing lately. What did you guys do? What was the focus?  
• How do you think about differentiation of SOON other than the scalability issues?
• Why did you go for a decoupled SVM design versus a forked one? What’s the tradeoff?
• What was the tradeoffs in the Fraud-Proof Security?
• And you took a modular approach for the architecture?
• What have you prepared in terms of developer incentives and programs?
• Any exciting partnerships coming up?
• What’s next?

Twitter: @soon_svm / @justsayuluvjo

Website: https://linktr.ee/soon_svm

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

In this episode I interviewed Wee Kee, the co-founder of Virtuals. From here and there in the conversation you can tell that Virtuals team is a pragmatic and perseverant one. To build a successful product in this fast moving industry, there's no fast track but stay on the table and keep grinding. 

Shownotes:

• You guys have been dominating mindshare amongst all the crypto native folks lately. So first of all congratulations! But still would love to hear how you introduce yourself to our audience. 
• There were quite many platforms that empower developers to launch agents. What key factors do you think led you to where you guys are today?
• Do you think the diversity of the agents came from the no-code requirement?
• What are some of the agents that grew from Virtuals that left people an impression? Also about Multimodality. 
• What are the best performing categories for agents developed with GAME?
• How do you decide whether you’re going to co-marketing with one of the ecosystem agents?
• I read on Messari that you guys have integrated Farcaster, but I haven’t seen a lot of news that you guys are pushing on that front. Any plans? I was particularly interested to hear your answer on this one, because looks like with a web3 native social network, an agent developed under GAME framework will be capable of doing a lot more 👀
• When it comes to execution related to capital, it’s safer to let a few different agents control each other’s access. Have you seen any effort by people to use an agent developed under a certain framework to curb or hedge against what one agent developed under another framework? 
• Do you have any plan to update the GAME framework, and launch a pro version? As we know that low-code is perfect for the normies, but may restrict what people can accomplish with the framework. 
• How are you thinking about integration with any TEE? For example Flashbots has been working heavily on it. 
• A question about your tokenomics. I think you guys have been mentioning that your economic model is designed to be more like an L1? 
• What do you think about your business model?
• I'd be curious to hear your take on all these diff models: FT was so profitable even with way less volume because it takes a good % fees throughout the whole lifecycle; pump only takes fees in the initial bonding stage; virtuals accrues fees to the LP but in 10 years most of these agents will all go to 0 likely so one side of the LP will be 0 - the other side is virtuals -> so this is a burn mechanism?
• What’s your view on $SWARMs, $ai16z, and Spore?
• Why did you decide to do a tour in mainland China? 
• Any other community / partnership plan for the next 6 months you’d like to share?

Twitter: @virtuals_io / @everythingempt0

Website: https://app.virtuals.io/

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

1. 是什么启发 Kaito 团队从最开始的面向机构和项目，开始逐渐转向面向普通用户的？
2. “Kaito is an AI that revolutionizes your workflow, changes how you think about this market, and provides you with the tool you need to drastically improve your decision making.” Kaito：改变工作流的工具
3. “心智”是 Kaito 很强调的一个指标，甚至认为是增长的KPI。它由什么一些要素构成？
4. Kaito的团队背景：算法 vs 数据
5. 最近你的推特 feed 流有大量的内容是关于meme交易的流动性和心智的，在这个新的一轮里，流动性和心智是在资产类别间怎么移动的？
6. 传统估值模型 2.0：注意力是基本面，叙事是Multiples
7. 你们决定是否给平台加一个什么样的功能，决策流程是怎样的？
8. 你一直在追踪meme占推特心智的百分比，你觉得到百分之多少是一个比较难再增长的状态？
9. 好奇你为什么在有些人认为的高点买$GOAT？
10. Kaito 目前的挑战是什么？

Website：

https://kaito.ai/

https://yaps.kaito.ai/onboarding/

Twitter（X）：@_kaitoai / @Punk9277

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Shownotes:

• Brief introduction and the initial involvement in Alliance DAO
• The inception of Alliance DAO and its evolution
• The recruiting structure and the sorting process
• The best performing deal and the buying power momentum over the years
• How to help founders navigate through the market full of sentiments and emotions
• YC analogy; allocation of investment and resources
• We often see many investors whining that it’s tougher for them to participate in this cycle. Will's view on this point and where the opportunities are
• Ethereum communities versus Solana communities; deep involvement into the Solana ecosystem during the bear
• The areas we still lack developers or builders to work on
• Crypto games: 20% developers wanting to work on 0.1% of the market

1. Willing to help founders to pivot

Twitter: @AllianceDAO / @DangerWillRobin

Website: https://alliance.xyz/

This is the previous interview with Qiao Wang in Mandarin on 51%: 
https://podcasts.apple.com/us/podcast/51-with-mable-jiang-presented-by-multicoin-capital/id1540917284?i=1000526807890

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

这期聊得很开心，对主权个人和数字游民话题感兴趣的听友，不妨一听～

本期概要：

• Sign 是什么
• Sign 的发展历程
• Sign 的业务，为什么拓展那些模块
• Sign 如何帮助数字游民更方便地生活
• 如果更多的人开始广泛的旅行，这个世界一定会变得更美好
• 在Country-as-a-service的潜在可能性背景下，Sign 扮演的角色
• 和一些小国家的合作缘起、过程
• 弱主权国家需要的基础设施
• 赛博朋克作品中描绘的未来与我们今日的现实生活

Website：

https://sign.global/

https://signpass.world/ 

https://www.tokentable.xyz/

Twitter（X）：@ethsign / @realyanxin / @sign

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

这一期绝对不是关于MegaETH最技术导向的播客（对技术解决方案有兴趣的可以去找 Monad 和 MegaETH 联合创始人辩论的那一期），但有可能是最有温度也最真实的一期。我和Shuyao 聊了很多以太坊生态的过去和现在，以及MegaETH的未来。

本期概要：

• Shuyao的背景。最初是怎么了解到以太坊的？在做 MegaETH 之前的有趣经历
• 对以太坊和对 Solana 这两个社区的真实感受？
• Shuyao 趣谈以太坊的出路 👀
• 如何把 Web2 的开发者带进来？
• MegaETH 联合创始人的学术和工作背景
• MegaETH 是在大家基本上接受了以太坊二层的定序器（sequencer）可以是中心化的这一背景下出现的，你能给大家简单讲讲megaeth的设计思路取舍吗
• MegaETH 架构里一个很重要的设计是把节点性能分成四种、把节点工作的要求解耦的设计
• 今时今日如此多的L2，能跑出来的出路是什么：关于精挑细选的孵化器MegaMafia
• 希望什么样的项目在MegaETH上长出来
• 什么是MegaETH 能帮到 MegaMafia 的项目做的，什么是帮不上的？
• 主网的上线预期？关于发币怎么想的？

Website：https://megaeth.systems/

Twitter（X）：@megaeth_labs

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

本期概要：

1. Ran的背景。做传统金融的那些年都有什么比较有意思的经历？
2. 后来是哪一年决定开始进入这个行业？契机是什么 
3. 现在Kronos的发展情况、团队规模。后来为什么做了Woo Trade，然后到现在的Orderly？
4. Kronos自己作为流动性参与方，觉得在2020-2022年这个周期阻碍更机构化的大钱进入defi最大的瓶颈是什么？这个周期有好转吗？ 
5. Orderly 的入口和流量；Orderly上面接的L1 和 L2 的交易量格局变化
6. 会觉得跨链流动性是个阶段性命题么？
7. 从这个周期开始，大家开始有一个展望，觉得未来合规交易所 / 一些在野的交易所 / 链上订单簿交易所会三分天下。作为Orderly创始人，未来会展望什么样的格局变化？ 
8. Orderly 未来如何计划构建和完善其生态系统

Website：

https://link3.to/orderlynetwork_

Twitter (X): @OrderlyNetwork 

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

本期概要：

• 今天在奥斯汀的Consensus大会，你们发布了自己的品牌升级和新项目——一个叫Gravity的一层网络。之前你们也把通证从GAL改名为G。你们现在的品牌下产品的定位？
• 什么契机让你们想要做链抽象；用人话解释一下什么是链抽象？
• 为什么决定要做自己的一层网络？
• Gravity 对于初期增长是怎么考虑的？
• 两年前，你们当时还不叫Galxe而是叫Project Galaxy，那个时候你们更多的是定位自己是一个数据凭证的协议。你们现在的app有哪些？
• 关于类Galxe的数据服务，我一直有个感受是这类项目现在已经是非常大宗商品化或者同质化了。它本质上是一个心智游戏。当你没有成为品类第一占领用户绝对心智之前，你是没有什么护城河的。很多后起的竞品当时开始做和你们一样的事情但是服务的更好，你们已经起规模了因此不能再做以前那样精品服务的事情了。那么这一年多以来你是怎么样让Galxe 逐渐拉开差距，成为用户心智里的绝对第一的呢？
• 有基金在早期评估的时候也会说觉得你们做的这个是个好生意，但不是可以规模化的，另一种声音是说觉得你们给各个项目方做交互活动的这个生意本身可能是昙花一现的、难以持续。这些评论你怎么看？
• 你觉得当时21年创业的你，有想过会走到今天这样的规模么？是什么驱使着你不断进步和往上走？
• 三年来你对这个行业有什么崭新的认知？任何你改变看法了的东西。

Website：

https://www.galxe.com/ 

https://gravity.xyz/

Twitter（X）：@Galxe / 

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Similar to how I feel about Magic Eden, it's very inspiring to see how well Drift Protocol is doing today after all the thick and thins. In light of the $DRIFT TGE, I did this podcast with Cindy and David. 

Shownotes:

• How was these 3 years of building? How does it feel having been through the whole bull and bear and bull again?
• What was the toughest time for you during these years? How did you power through it?
• How did that challenging experience impact and lead to the design of v2? How was v2 different from v1?
• In Drift V2, can you define the participants of the ecosystem into a few categories?
• Why did you decide to offer spot trading and swap with leverage? You also introduced the money market protocol and allow people to stake in the Insurance Fund.
• How’s the market making experience like on Drift? Can a retail participate in the MM?
• How to understand protocol owned holdings on your dashboard? Where did they come from?
• What exactly happens when there are more unsettled PnL to be withdrawn than what’s available in the pool?
• How do you pick which assets to start a market?
• What does your demographic look like, if you know.
• How did Solana congestion impact your performance? What did you do to try to optimize the experience for the users?
• Can you talk about the $DRIFT token distribution for the users? What’s the thinking behind not considering trading volume and points accumulated in the distribution terms?
• What’s on the roadmap for the next 6 months? Have you thought about a mobile app?

Twitter: @DriftProtocol / @cindyleowtt / @davijlu

Website: https://www.drift.trade/

Previous Episode 53 on 51% with Mable Jiang, Presented by Multicoin Capital: 

https://podcasts.apple.com/us/podcast/51-with-mable-jiang-presented-by-multicoin-capital/id1540917284?i=1000552004707

https://open.spotify.com/episode/1xe3CApB1GBlnGAeXJCP8a?si=FFhZRjdyTGuGDRrUFOZRRw

https://www.xiaoyuzhoufm.com/episode/62163ea766ab6f1364079a9a
 

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：

ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt

BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG

Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.

重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。