Thank you. This I'm going to go. Check check yo yo yo yo yo what up what up what up what up what up what up what up what up what up what up
Oh I didn't connect the thing
Check Thank you. I'm out. yo yo yo yo yo what up what up good morning good morning gm gm thursday august 7th 2025
look at that another beautiful day to have a beautiful day. I got my clothes in house
Tyler Mando good morning. How you guys doing today?
Life is fantastic. Good to meet you
He's so rich right now. He's up so much
That is good to be with you How Good to meet you. How far away?
We have $150 from retirement,
everyone. Every time you say that, it
Stop talking about retirement.
Stop talking about retirement.
Bro bought a castle, bro.
You know, Ronaldo in Portugal has this whole fucking...
There's a whole street and it's locked down.
Mando's going to live in a fortress.
I'm going to have to find him.
I'm going to have to parachute in from the sky and glide in and be like,
Get back on the show, motherfucker!
you may not be able to retire for another 18 months.
We may have closed a big sponsor.
Big one. Inshallah. Tyler, good morning. How are you doing today? one yeah we may we may have closed a big sponsor you know so yeah yeah big big big one inshallah
we're getting anyways tyler good morning how you doing today i like that i like i guess i'm getting
paid again what yeah maybe maybe tyler i i'm. I woke up this morning, rolled over check prices first thing like I always do.
Saw ETH was over $3,800 and said, ooh, baby, it's going to be a big day today.
I got extra pep in my step today.
Actually, I didn't even know we were pumping because this morning here we were pumping.
And then my personal trainer was like, yo, Ethereum is $3,850.
And I look at my phone. I'm like the fuck you know look at look at my phone I'm like wow okay glad to see far coins finally catching green fucking candles let me tell you guys that uh you know starting to
starting to piss me off a little bit. My far coin investment is going coming coming up nicely.
Of course this guy buys far coin. It's always like the rich get richer in society you know it's always like the rich get richer in society.
it's always like, it's always like that.
I'm going to post a kick link in a second here for y'all who prefer video,
way better to watch this show and consume this content video.
can we just go through some of those stats?
Where are we on subscribers?
Sims is like losing it in the back.
So Sims is on vacation this week.
Thank you for understanding.
But let me tell you, we are at 761 subscribers.
We've got to get to 1,000, right?
We've been hitting about 200 to 250 live viewers on kick every day
concurrent uh while doing like 250 subscribers or followers sorry followers subscribers i don't
know looks like we had 50 plus um he has like the whole background dashboard thing yeah i don't have
access yeah we have a lot we have a lot um and we were constantly like a top three live stream in the crypto trading section of
subcategory of kick so it's pretty good um we're doing good and that's like without even you know
doing it on x or whatever because you know we can pump numbers easily on x but i like the whole kick
thing i think it was a good decision boys it's hard work is paying off this is way better yeah
I think that's the first thing rather than like,
oh, you don't really know
how many people are actually tuning in.
You can reward the community.
we could legit be in a year.
The biggest crypto show on,
are you saying you're going to stay with us? Are you signing up for a year? Are you're gonna stay with us are you signing up for
a year are you you stay with us you caught that tyler right you caught that you caught that
what am i saying about each right now
no he's not retiring he's not retiring clip it clip it. Clip it. How could I retire? How could I retire?
He loves us too much, dude.
He loves us too much, dude.
You know, you can't retire.
You retire from all your other shit and just be that, like, like Chamath.
You know, just be that, like, rich guy.
Just shows up on the podcast.
As OSF texted me yesterday, you love a podcast, don't you?
He did. He said said that people just do the guys just canceled every single podcast i've ever been on wrecked radio he's missed like 10 in a row and he quit wrecked vision right he quit wrecked vision
quit fomo hour um he quit the the original dgens one that we did for a while um then he quit the wreck radio
is like it's a guest it's called a wrecked radio and he doesn't he doesn't show up no one else no
no one else in the team has been paid any wreck which is just god awful it's a terrible environment
on the show right now kbm is just throwing barbs every every show like why I've been paid
The interns in full revolt right now doesn't even have a wreck. I haven't been done it for two years
Yeah, we need to we need to make sure the wreck radio team
Let me call let me call my sponsor on ring ring your man though
OSF needs to be on the show.
a week? And it's called Wrecked Radio.
And we're pushing it on our kick.
We're pumping the shit out of this kick audience
using the FOMO hour show.
Dude, Ovi, it's so funny get rekt free for everyone wreck free for everyone all the i'm
sponsoring all these shows as well i'm gonna have to get rekt to everyone too oh you're you're like
you're gonna be you're glued to this podcast game for another you're like me when i started
on radio like you're gonna exactly you're gonna be tapped in for a couple of years now like there's
no there's no going back.
I mean, we are still the longest standing,
one of the longest standing crypto shows,
daily crypto shows, and one of the biggest.
KBM depressed after watching the vault.
KBM was going through his NFT vault.
That was a good show, actually.
When did he do that? I didn't need to go visit that.
Yeah, yesterday. For those of you who want to watch Rekt Radio,
the show we're talking about, it's every single Wednesday.
It's 12, right? 12 p.m. Eastern Standard Time.
Yeah, on Wednesdays on this channel.
So, Kik.com, 4-Sach-Deesh-Live, but they gave away
like $4,000, $ grand five grand per week three grand
Well, yes, they get by four and a half grand
One show so they pretty much do like what we give away in five
strategy though, there's some weeks where we only give away like 1,500
Because KBM likes to go to the tracks
In general, we did go to the tracks yesterday and we cooked.
So anyways, that was a lot of fun.
So make sure you tune in because also it's a very degenerate show and I really like it.
When I get to that level, I'm going to have to make a second appearance in Rec Radio.
I did have one appearance once.
You keep sabotaging yourself.
Farquhar insert some sign of strength.
Your boy is almost wiped his entire pump fund loss by just eating wrecked.
More as if I didn't have enough.
so in financial seconds, I'm sure Tyler remembers this,
but the tool for comm, like, Crypto Twitter is actually Bloomberg.
So, like, if you're any sort of a finance professional,
you have a Bloomberg terminal,
and they have, like, a live news stream going on at all times,
plus, like, an instant messenger thing.
set himself up on Bloomberg so he
hedge fund managers and send
commentary on what's going on. So he's going to
do Mando minutes plus rec commentary
Bloomberg. That's fucking genius!
Yeah. So on the terminal, it's like 30k a year, right? You have to pay for Bloomberg. That's fucking genius. Yeah.
You have to pay for that.
don't give the alpha away.
he's reaching out to a bunch of trap by people and then he's going to,
going to send it all out.
you got to get your act together, Ovi,
with Missing the Show once a week, but I have to say
Wow. That's fucking brilliant.
Plus, you guys were like, I mean, I know he was
At one stage, yeah, very early on.
I was like, no, just at one stage.
Ovi loves it. He's like, yeah, Mando
I was. He's like, yeah, Mando was my junior. I was.
He got a fucking Bengali tiger tied on his chest, and you guys were fading.
I woke up one day, got his turnum tied.
What do you think Mando, the intern, was like?
You're very calm and composed.
We always calm and composed like that.
Yeah, that's kind of unique.
That's a trait for a trader.
Because I heard you were like the rain man.
I heard you were a rain man.
I heard you were like super autistic.
I heard that you use the ticker and the price of every stock at any given time.
So you do know that. So that's something that you get the skills of every stock at any given time is that true so you do you do know
that so that's something that you you get the skills of a waiter i would say in that you will
trade about i mean i used to trade in my book about 250 to 300 bonds and i knew the price coupon
maturity of every single one of them but that that is actually quite regular trader behavior
like a lot of traders will just know that because it's just like,
I don't know how to describe it,
but like your people are asking you for these prices all day.
So like you do learn that sort of stuff,
Cause I just didn't use to eat.
Like I used to just sit down in the morning and then just,
just trade for like all day. And then because I just didn't used to eat. Like I used to just sit down in the morning and then just trade for like all day.
And then I'd just eat dinner.
So what volume were we talking about?
Sometimes I've had music on and just like, you just get really locked in.
So what volume are we talking about?
Like we always hear about like, oh, we're in Mando trading Barclays and shit.
Like what are we talking about?
How much were you moving for the bank?
That's a good question but bond bond markets
in general have very high notionals as in like very big books um because they generally are seen
as like slightly lower risk but the um yeah i don't know how to so my book was was was just
over a billion dollars worth of risk.
And the bank's book at that time would probably be between like one to two across the whole desk of the stuff that we would trade.
But like the average bond size is a million dollars.
So you would trade bonds in millions.
So you would have positions of like,
the bigger positions you'd have would be like 50 to a hundred million,
you've made like 20 million.
But they have good bonuses.
They pay good bonuses out there.
That's a, that's a lot. That's a Wow. That's interesting. I love that.
But TrapFi is just a different animal, right?
The high-yield bond market, which we used to trade in Europe,
it's about a $500 billion market when I was trading it.
And that's considered a very small market,
or one of the smaller markets uh most most us markets are in the trillions multiple trillions damn it it's so crazy right it makes it makes all
of crypto sound so small like yeah it is honestly this is the point like it's a part getting into
this is why these these spec companies are going crazy right now because they look at this and go
like we can pump the hell out of this.
I was thinking about treasury companies.
It's kind of the new SPAC.
And yesterday I tweeted something else.
There's crypto coins, then there's ETFs,
then there's treasury tokens.
And I don't think people realize that the ETF is cooked.
You don't need a SWE or hype or insert altcoin ETF anymore,
Bitcoin, Ethereum, sure, they're big vehicles.
But like fucking that's like these treasury companies are like the new thing.
And it's an internal TWOP.
It allows like all these like rich Saudis or whatever to just buy companies on NASDAQ.
Because they're already trading these NASDAQ trading companies.
I was talking to Obi about this actually as well. Like I'm like like who would have thought that the future of crypto is actually on nasdaq
i don't know i feel like and i'm i like the treasury co's in some ways you're trading them
right i mean when you when you're buying a treasury co stock and you see that it's red
on a day that the underlying asset is green? You get a little pissed off.
And that's something that's not going to happen in an ETF.
So there's a little bit more nuance to it. And are you going to trust the 10th Swiss spec to get fired up here?
I just need someone to fire up a Farcoin spec.
It's happening. It'll happen. I don't understand how no one's done it for far corn. Please do it for my bags. I'll
I'll be an advisor to the thing if you guys want
I'm suffering. I've been asked like I have you guys got approached by these things
Hey, I've been asked to like CEO whole fucking one rolls and I was like dude the fuck you talking about like I've
There's like it's like they're coming for CT. Yeah, they're tight. No comment. Hmm. I
Have not been hold on no comment
Tyler just something here.
Mando probably bought the NASDAQ or something.
Well, you know, he's been talking about buying the punks.
So maybe he is the mastermind. Oh.
He's not going to buy one.
He's going to buy a thousand.
I feel like Canary Labs is about to buy a fucking treasury company
and raise like a hundred million
dollars what I can tell you right now
is that there are I've been
approached by various of these
things like this is not just one
there's a lot like lots of different things
are approaching us about different things to do
with crypto at the moment like
because we have TradFi background right like
TradFi are coming in and being like,
So what are they buying, Mando?
Who knows what they're going to buy?
I think they're going to buy things that they can make.
So firstly, there's a limiting factor in here,
like the number of firms you can do this with, I think.
Because the SPAC thing can't just last forever.
But I do think that the obvious thing has been ETH,
because then you can do various different things with ETH I would say
and that's and then I think you're going to see altcoins that you again you can do things with
because like the only way that this actually has an equity value is if you can sit if they can pitch
that they can do something with um like an ongoing revenue stream of somewhat with, with the assets. So you can't just be micro strategy anymore for these sort of things.
So like what you're starting to see is more exotic.
Like it's going down the list of now we're doing Sui and there's Doge.
Then it'll be Fartcoin and then they'll go like, right,
well what else can we do this with?
And I think you're going to see some pretty funky vehicles over the next 12 months.
From what the H phones that are approaching
or I've had conversations with,
it's not run-of-the-mill stuff that I'm talking about here.
Which one of my takeaways from that is,
how can you think we're going to top in Q4
and also hold the belief that we're in the early stages of this Treasury Coast back race that's showing signs of accelerating and it's going to last for a while other than some kind of other broader market event?
So higher for longer, I think,
is one of the takeaways. Am I hearing
like it's not. I don't know where
we are now in terms of the innings,
hearing and seeing about,
yeah, we're going to see some
know where we are. I'm just
What you're going to see here is
TradFi and crypto are going to merge.
They are fully merging right now.
It's very, very clear to me that's going to happen.
So this sort of world where we have
particularly in DeFi, but also across, even in NFTs,
there is a good case for when the first public company will be
to issue a token, issue a coin.
In the next 12 months, there's no doubt in my mind
a publicly listed company
It will either be via an acquisition
or it will issue one itself.
You mean a token aside from their stock listed
or something of that ilk?
Is there no company that's listed at the moment on NASDAQ Like fully Nike token or something of that ilk. I think you're going to see.
Is there no company that's listed at the moment on Nasdaq that has a native token?
Not a publicly listed token.
But that's what the SEC is doing, right?
What would be the pitch for that?
So the token couldn't be tied to the equity or else it's just token on stock.
Well, think about somebody buying pudgy penguins right think about suddenly
then you have a coin i think that's actually where the most likely thing is it will be an acquisition
now because how do you acquire pudgy penguins like no one's approached to buy rec but like you could
imagine that could be a very easy acquisition by that like somebody comes and buys it you suddenly
have a marketing budget and you can push a
brand with your own distribution channels.
You could do this with Pudgy Penguins in the same way.
Like if Disney were to buy Pudgy Penguins, suddenly you have a coin that, I mean, what
happens to Pudgy Penguins if that happens?
Well, do we think that makes the acquisition harder?
Pudgy Penguins probably just goes to like five to 10 billion almost immediately.
And then you have, you suddenly have this coin attached to this IP almost immediately. And then you have,
you suddenly have this coin attached to this IP,
you can do tons of things.
I think this is why it was so ironic that we're starting to see some of these,
like these native crypto IPs fade right now,
because I don't think there's a better time ever
these are going to be very attractive targets.
Maybe not even for your regular
maybe it won't be a Disney. Maybe it'll be one of these
There will be an equity story
Moonbirds, for example, if that was to issue a token, like maybe somebody decides,
hey, maybe I have one of these big like, or Bored Apes.
I genuinely think there is a really good case for a publicistic company coming in and doing
So, and I think it will probably be the cleanest way for them to do it. We'll probably be buying a existing.
Well, well, we do have only three minutes until Declan comes.
So I may as well just say that this show is powered by, you know,
And also we just went to it.
It's, it's, it's, it's, it's, it's a good conversation. Shout out to Wallet Connect. We love you guys. We'll connect on us in I didn't mean, we just went through it. I like it though. I like it. It's, it's,
it's a good conversation.
Shout out to while connect.
Welcome to our next telegram.
Say ahead of what's next,
love cracking pro product,
They're a fucking great company.
So Declan's literally coming
We have a ton of questions about Ethereum, SBET
Linea, they keep hinting at a TGE
We're going to get it out of them
We're going to get it out of them
Someone's going to win some money after that
Tyler, why don't you just
Quickly run down the topics
I'm not going to do the full minutes
If you want them to go check them out
The biggest quick stories
Roman Storm, Tornado Cash developer Was found guilty on one count I'm not going to do the full minutes. If you want the minutes, you can go check them out. I think the biggest quick stories,
Roman Storm, tornado cash developer,
was found guilty on one count of operating unlicensed money transmitter business yesterday.
The jury was hung on the other two charges.
Effectively, what that means is this is very likely to go to retrial.
And even a retrial is likely going to get appealed.
So this story is not over yet.
The prosecutors want him to be remanded to jail.
So that gives you a sense of how big of a risk they feel like Roman Storm is to society.
So he lives to fight on another day.
So we'll continue monitoring that story.
I think arguably the biggest headline, Trump is expected to sign an executive order
allowing crypto and other assets into 401ks today.
According to Bloomberg, we knew this was coming.
It looks like it's going to happen today.
The headline is the story.
It's crypto, it's real estate,
and there are other commodities,
I want to say, that are included in this as well.
So we'll see the details when that is signed.
$10 to $12 trillion asset class in the United States, 401ks.
So that's a huge potential unlock.
I think the story tells itself.
Bitmeyer Tom Lee, he went on CNBC yesterday.
He gave a $16,000 price target for ETH,
effectively saying that if the ETH Bitcoin ratio
goes back to 2021 highs, it'll take you there.
I thought it was more interesting that he said
that he now recommends a 5% to 10% portfolio allocation
to crypto for median investors
and 20% for younger folks and those who are more risk on.
So we are, again, blowing past the 1% to 2% portfolio allocation.
in double-digit territory.
Magic Eden did their airdrop yesterday.
So if you've been trading, go check your wallets.
That was an airdrop, not a claim.
Season 2 of the rewards. So if you traded
Magic Eden, you should have some tokens.
taking over the meme streets. Ran to 20, up 1,400% on the day.
The final boss of Ibiza wrecked to the new all-time high, $560 million,
And then Artblocks introduced Artblocks 500.
They are now putting a glass case over the first 500 products.
There's five products left to come, two curated, three explorations.
And then they are effectively going to close that chapter.
They are going to keep building. Future
in one chapter, you're beginning to another.
You're telling me that we spent all this time
talking about this final boss of Abifa
on the show the other day, and we didn't buy the token.
Tyler, this is what you're supposed to do.
I made my stupid-ass tweet about how
if there was an NFT collection of this guy,
Had I just spent five minutes looking for a token,
maybe I'd be on a retirement watch.
I've got so much PTSD. I was in that coinbase meme oh not coming sorry uh the it's at 20 million dollars 4k that was so viral and it didn't run past like 3 million
so i thought okay these new are you kidding me man are you seeing this right now 20 million
yeah we mentioned it yesterday in the uh on right radio oh god 20 million i mean the trenches need a million it was a four million
then is this a bonk or pump token it's important okay interesting so this is bonk so there's a
little bit of chatter like is this uh the bonk cabal. They're counter to the troll pump action.
I like that. I'm all in for these
So, wow. So, there's that.
Market's looking good, lads. I mean, we don't need to go too much into it.
away from Mendel's retirement plan.
Solana, so a little pump today, 170 with our favorite coin, Farcoin, kind of bouncing
I mean, we got to talk about Rekt for a second.
I know we talk about Rekt a lot, but I mean, looking at trying to kiss $600 million, guys.
Now, top mover in 30 days in the top 300.
This is going to be a top 100 coin next week if the market keeps going.
And then Mando, quickly, before we go to some other stuff, I don't see Declan in the studio yet.
So we do have a little time.
I'll follow up at the same time.
In case you're wondering.
wild that these people are still running free.
Well, EOS, I don't know if it was a scam
as much as it was just like a massive
disappointment in the ICA era.
$173 million Sardinia estate.
I mean, you're there with your support.
He probably doesn't even live there, you know?
That's just one of the places.
This is one of the places.
And then Tyler, I don't know if there's something you want to shout out.
I see you definitely want to bring you up in a minute.
Is there anything part of that top's something you want to shout out. I see you definitely want to bring you up in a minute. Is there anything part of that top
100 that you needed to shout out?
the Art Blocks is one of the bigger
NFT pieces of news of the day.
I was curious what this means for
some of the collections. So now you know that
Probably some folks will go for the full set.
I think Snowfro probably has a full set.
I don't know if anyone else has a full set.
It's a little bit more attainable to a degree.
No more curated are coming out.
So at least the full curated set certainly now has a box around it.
And he acknowledged a lot of struggles over the last few years.
He said it was just damn tough.
And Art Blocks was mocked pretty widely.
Yeah. Funerals was just damn tough. And Art Blocks was mocked pretty widely. Funerals for
generative art. But I mean,
Snowfro is such a good guy and he was just
trying to push this forward. It wasn't his
went parabolic for a few months
It's definitely not him. He's
not the kind of founder that like hype shit
at all. it was definitely
speculators um he's always around i mean snowfro they're still doing a lot of stuff but they're
he's moved on to generative goods right he's company but like the which is very interesting
right like there there's something there yeah i think their next chapter will be successful
yeah yeah i love it shout snowfro we should should get him on. Just chat about this. I think this is a good topic to talk about.
Anyways, the guest today, we do have our special guest in us too.
I'm going to bring him on, Declan, the man of the hour himself.
He's got the whole timeline hyped up.
We're going to talk about that, Declan.
We're going to talk about it.
We're going to get some alpha out of you today.
That's what we're good at.
Declan, GM, how you doing today?
GM, doing good. Thanks for having me. It's an exciting time, eh?
Very exciting time. I didn't expect Declan to be British. Am I hearing this right now?
I don't know. I'm sorry, American.
American. It's actually an Irish name.
Yeah, it's my Irish name.
Yeah, yeah. So people often see the name Declan, they're like. Yeah, it's an Irish name. Yeah, yeah. So people
often see the name Declan, they're like, oh, it must be Irish, but no. Yeah, other
Irish people have, you know, they're really friendly, so I'll give him a, you know, friendly
name. Love that. He was wrong. Well, I like that. I did not, the more you know, the more
you know, Declan is an Irish name. Declan, I mean, what's your exact title, Linnea?
Because I'm always like Declan of Linnea.
I see you're like Jack of all trades.
Yeah, head of Linnea, you know, whatever.
I feel like you're Jack of all trades of Linnea.
You just do a little bit of everything.
Douglas, we've got some questions for you.
And then we're going to get into a little suggestions.
And we've got a little prediction game because, as you all know,
we're working with Linnea very closely for Marriott Markets.
So we prepared like five predictions.
That will be a little challenge.
And then, of course, we'll hopefully get some alpha out of you.
But first and foremost, Declan, for the people who may not be aware of who you are, what you do,
why don't you give yourself a little introduction about who you are and then what you do in the space?
So, yeah, Declan, nice to meet you all.
So I'm head of Linear at ConsenSys.
We've been building a pretty cool blockchain called Linear for a few years now.
I guess to wind it back, I was sort of
joined the space sort of end of like 2018-ish, you know, all after the sort of, you know,
crypto kitties, ICOs, ended up doing more on the sort of, you know, enterprise blockchain space,
you know, so all that good hyper ledger fabric, R3 quarter, you know, helping enterprises come
launch their little private chains. You know, did that for a couple of years, realized it wasn't really going anywhere.
There's lots of issues why those chains fell dead.
Started doing a bunch of work around scaling ZK,
to join ConsenSys to basically lead product for the roll-ups team.
you know, lead product for the sort of roll-ups team.
This was around 2021, 2022.
This was sort of around, you know, 2021, 2022.
And then we sort of quickly realized like, hey, you know,
the way forward for Ethereum is sort of ZKVM L2s.
We had a lot of the research team like building this sort of amazing
ZKVM technology inside ConsenSys since actually like 2019, 2020.
They've been working on it for a long, long time.
And we're like, let's take this to market.
You know, let's launch a Cons launch a consensus l2 using this technology i think we launched uh main net
in 2023 of summer at ecc in paris which was awesome um yeah and i guess the rest is history
you know now we've sort of you know the technology is mature the chain is maturing we're starting to
see you know quite funny actually because you know all those like, you know enterprises and sort of
Customers I was talking to way back when they've now come full circle
When I come deployed to a theory and deploy on L2 is like linear
So it's like it's weird full circle for me
Which is super awesome to see because I think like now's the time where we're having this sort of
Crossing of the chasm, you know for a for tradify coming into crypto. So yeah,
that's a bit about me. Love that. That's awesome. So you've been in space for a minute and you guys
doing some awesome stuff for Linnea, which of course, uh, a lot of you have probably heard of
this stage, but it's a lot, it's going to be a big month for y'all. You guys had a little Q and
AMA or something with, with, with Joe Lubin. Uh, so, uh, so that was a lot of stuff come out of it.
Tyler, I'm gonna go to you. Cause I know you got a couple of questions for Declan.
you just kind of went there with your full circle moment.
for those who want to come build on linear,
what is the why for linear?
So linear is the gateway to Ethereum,
It's going to be the global settlement layer for the world
is that we truly believe in that mission.
But like, it's not super easy to come into Ethereum,
or at least it hasn't been.
So linear, whether you're like a user,
you just want to come and sort of get fast,
cheap transactions and access like amazing use cases
like prediction markets or exchanges,
all these kinds of stuff.
You know, linear is a great place to come in.
If you're an institution, you want to come and again, you want to deploy capital and get great returns on that. Linear is a great place to come in. If you're an institution, you want to come and, again,
you want to deploy capital and get great returns on that capital,
Linear is a great place for you as well.
And if you're a builder, you know, just like, again,
Linear really is almost like a, you know,
very much like a place where you can come and just experiment
with the exact same, like, you know, technology environment
So it's almost like a sandbox.
on linear you find product market fit reach all these users and you can still always have that
option to then go and obviously like you know expand to ethereum mainnet as well so it's really
just the sort of gateway to ethereum um it's also uh the best place for eth and you know if you saw
the announcements recently you know we've committed that every transaction on Linear is going to burn ETH.
So it's probably the only L2 chain that Acre is committed to saying, right, as the network grows, we're going to be driving value back to Ethereum by burning ETH.
And then we're also for like for LPs, for DeFi, because of this new technology we've got on the bridge, you actually deposit DeFi into Linear like an Aave or an EtherX, any of these sort of DeFi products,
you're going to get the yield from the L1 as well as your DeFi yield.
So it's amazing for capital as well.
especially as more folks are looking to hold ETH here as an investment,
which is Joe Lubin, Tom Lee's coming to the table every day.
It's certainly helping that,
bringing more people in the door.
So like of the different verticals on Linea,
like what are you prioritizing?
Like where are you focused in all that right now?
So I kind of see it as like concentric circles,
you know, like we kind of,
DeFi is almost like a building block, right? Like it's like anric circles you know like we kind of defy is almost
like a building block right like it's like an economy you need to sort of like deep capital
market so defy is almost like a part of the chain itself um and then we start to see awesome things
built on top of it whether that's like trading payments you know prediction markets like all
this stuff like allows you to build on top of the like building block of DeFi uh and then I think you've
got the more sort of you know newer use cases around like social and consumer which you know
a little bit lacking in product market fit but like people are experimenting day in day out
um I think everything beyond that like again linear is a kind of general purpose chain so
you can come and do anything um but it's just in terms of product market fit, we see, we kind of view it as like these concentric circles, you know. That makes sense. I am curious. I think there's a little
bit of buzz around Sharplink and what Joe's doing there and how that ETH will perhaps integrate
with Linnea. Is there any alpha you can share about that or maybe give us a little more
information or insight into what? You know, Tyler is deep in the Sbet trenches you know he's been
he's been he's been buying since that nine dollar dip you know I spent well yeah well you know one
of the sort of obvious things if you saw basically our approach to sort of like governance right so
linear just for the listeners you know like linear's tokenomics is like very unique right
we actually mirrored the eth genesis tokenomics where like 15 kind of goes to a foundation
foundation for us that's consensus it's like locked up for five years and stuff is not going
to be sold then it's 85 for the ecosystem which is exactly what ETH did back at Genesys.
And I think who better to look over this enormous ecosystem fund than the most Ethereum-centric institutions. And so we have five what we're calling founding stewards of this ecosystem fund.
You might have noticed that Sharpling is one of those.
So there'll be an active participant in the linear mainnet economy, how funds are directed, how yield is directed.
So I think that's a pretty big clue into their involvement in linear.
And I think, again, if you look at what we've done with the native yield,
we're really just creating the best place for ETH capital,
or for ETH nonstop, but especially for capital.
So if you are a big treasury company,
you're going to find the best returns for your yield on linear.
And we've been sort of, you know, really working with like key partners to kind of make sure that they're comfortable to
consider doing that. I'm happy you went there with the tokenomics because that was on
my list as well. I guess I'm curious. So 85%
ecosystem, 10% early contributors,
15% because this's the treasury.
What should builders take away from this?
Should they be going after some of this huge ecosystem fund?
What should people, how should they be reacting to that?
Yeah, I think if you're a builder and obviously you want to get support,
I think there's a few areas that you want support, right?
A lot of the time you want distribution.
You want to get your product in front of users, get feedback,
try and get product market fit.
We can offer you that with support from ConsenSys,
distribution inside Metamask as well.
And then we have now this financial support.
So whether you're like a sort of indie hacker,
who wants like a grant to kind of test their idea,
maybe you're sort of a later stage team
and just looking for that bit of like strategic capital to kind of like scale up your
team but we're going to be able to offer the whole thing and we're going to have an enormous sort of
like ecosystem fund to do that this is like i think the largest by a long shot ecosystem fund
space has ever seen and i think what's also unique about it is because it's like it's not a dow like
right now it's again these like five stewards who are going to thoughtfully distribute these funds to the right people who are growing Ethereum, who are growing linear.
And we don't have to sort of, you know, use these token emissions to like power DeFi because, as I mentioned, it's coming from this real yield on the L1.
So what actually happens, not many people know this, but many teams' tokens end up having to
emit their actual native token to
a sustainable game. Whereas we have a sustainable
way to do that, which means we have an enormous
ecosystem fund for builders
where if you play it right, like I
generally mean this, it should almost last
forever, like a sort of economy.
You have your economy, you sort of grow the
economy by investing into it. The economy grows, it brings sort of economy. Like when you have your economy, you sort of grow the economy by investing into it.
It brings sort of like, you know, revenue and taxes like back to the economy by like
So we sort of see this as like balancing out over like a very, very long time, like
That makes a lot of sense.
On the flip side, what should, how should market participants think about this or everyday
Yeah. Well, I think first and foremost,
you're going to find amazing opportunities on Linear,
whether that's obviously the new apps for the deploying.
But also, again, when you have a real deep capital market,
you get a lot more assets being issued,
a lot more trading volume in terms of depth of capital.
So Linear is going to be one of the best venues to trade,
like whether it's you know slippage gas fees the whole lot so again i think as a user like as a
participant it's again like anyone who's on the sidelines who hasn't maybe sort of entered
crypto and it's sort of like you know seen on news it's sort of getting in linear is going to
be the gateway for you i've also done some like very basic stuff like a lot of us are like product
people at the end of the day and like right, you can actually get from an exchange or even Ethereum to Linear and get 20 transactions all for free.
Literally zero cost. We're just trying to make it super easy for people to come into the space,
try some things out, get that pattern of being on-chain and figuring out what they like.
So really, it's just a playground for people just to dip their toes in and enter the space figuring out what they like. So really it's just a sort of like a playground for people just to kind of dip their toes
in and kind of enter the space that we've been building.
When I think about ConsenSys and Linnea and MetaMask, I am curious, like, do you all work
Clearly MetaMask has to access the credit card
I'm curious how the teams work together
MetaMask is kind of building out
along I'm just a little more curious
about that whole relationship
like virtually next door to each other
it used to be the water cooler back in the days before covid now it's all on like slack and zoom right um but
you talk about like how to bring the products together so so for linear for example like uh
bezu which is the ethereum client on l1 has been for a long time that's actually the sequencer for
linear not many people know this so one of the reasons linear's technology is so awesome is
because we didn't have to start from scratch we like sit with the bezu team and actually built
the sequencer for for linear i like metamask again like if you go and get your metamask wallet open
you'll see linear is like pre-installed making it super easy as a user just to get going and have to
like you know go get an rpc things like the card like other sort of um i guess like default
experiences you could call it like as
a user you know because i think again the wallet is very much the sort of like browser for web 3
you know it's almost like it was interface so the way things are going is like that almost gets
abstract like the sort of like the infrastructure gets abstracted away so you can think linear
creating this like really secure you know deep market where builders are coming into the for
That's almost like your like sovereign state.
And then you've got MetaMask, which is a sort of like, you know, handholding users to kind of like show them, oh, this is what you can do.
And obviously, like, you know, Linear is going to be a trusted chain for them, like on those use cases. So that's kind of how it all comes together.
MetaMask wallet is the gateway.
Yeah. Turtles are the way down after that you know and then consensus is kind of like the backing
the backbone or something like the foundation of it all yeah yeah um i think joe and consensus
have done such a good job over like the decades for like you know building out the ecosystem
doing what's always right for ethereum i think linear, again, like people said, wow, the tokenomics is so different,
the economics, you know, why?
Like, why not just do the same thing that everyone else does?
And I was like, because at the end of the day,
our North Star is making sure that Ethereum and ETH is like, you know,
super successful and realizes their potential.
And so we have, I think, a different North Star to maybe some other people.
And that's because of, you know, ConsenSys and Joe's kind of like.
Background, yeah. Yeah yeah it's impressive like we're talking on the show when obviously what we
cover all news but that was like big news too like we were talking about the tokenomics and burning
eath and talent i was like is this like the most like uh eccentric l2 out there in terms of
announcements because a lot of them you know foundations and ecosystem funds and then they
don't really go to ecosystem all the time uh and stuff like that and then the
the we you know l2s have been criticized a lot you know like very much especially during the
downtrend of the theorem now like you know grass is greener in eastland we're approaching four
thousand dollars so things are good um but you know for a moment like a lot of people were talking
about how and we were talking about this, and I actually believe that, personally speaking, that L2s have kind of, like, vampire attack the theorem itself, like the L1, right?
A lot of the money that's taken from L2s is not going back to the chain itself because they're burning the money.
It's just going to corporations.
Like, a lot of these L2s where people don't realize they aren't really decentralized, like, corporations behind them.
Not naming names, whatever, but it's, like, this is just a fact.
So, like, what do you think like do you think
this is something that's going to be solved like what's your thoughts on that in general and like
and do you think that what you guys are leaning is going to be replicated hopefully and like
solve some of that problems that l2 have had for someone yeah i i agree i think like it's such a
good analogy i think a lot of these l2s look like corporations of CEOs. And we know that the most successful chains have been,
they look like protocols, right?
Like Ethereum is this open protocol.
Everyone can participate.
And I think that's what we've tried to replicate with Linear.
And I think, again, serious participants,
especially institutions, they like that.
It follows the exact same specification as the EVM. So i think that definitely is going to be sort of like a key difference uh
i would say and again like in terms of the value recall like if you actually go back and look at
like the e-burn chart you know like ultrasound e-burn you know when then we flipped to like
4844 we were sort of like all of a sudden we started being like inflationary again
you know that's the issue is like all this money now it was going to e-stakers it's now these like
you know l2 corporations and so i think what we've done is actually tried to shift over to window
back towards the l1 and it's kind of like we can do that and like hopefully be like an influence and
again someone asked me the other day like oh you know why why 20% eath burn or like you know what's what's to say someone else can't come and do the
exact same thing as another l2 great i was like uh that's kind of the whole point if i can get like
another l2 to like also committed burning eath like you kind of like achieved our mission like
this is exactly what we would like to see yeah no i uh i told i i'm super blind super bullish i think I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I,
I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I,
I, I, I, I, I, I, I, I, I, I, I,
I, I, I, I, I, I, I, I, I, I, I, I, I, my shoulders and bring it forward. So we do have a little bit of a way. Right. It must be fun.
Like one of the lucky few that gets to interact with Joe quite a bit and the team around ConsenSys.
Cause you know, Decrypt was part of ConsenSys and ConsenSys is one of our largest, you know,
shareholders over at the Stunard parent company of Agrito, Decryptomirid Markets.
So they're, they're really good team.
They're very, very like supportive.
And I know that Joe is like obsessed with like driving ethereum messaging forward like it's like an obsession
like a lot of people like to make fun of the ethereum foundation blah blah blah before and
then things fell like they're rebuilding which is awesome um but like joe lubin himself has just
been like a huge champion uh what does he call it yeah gentleman accumulator uh yeah yeah exactly
solana was like you know awoken the beast sort of
thing right like consensus did all this stuff like back in the day and then obviously you know
spent a lot of time trying to bring on people on chain to the theory of that was you know you can't
do that forever right so you almost like take a bit of a rest i think solana and some other
chains kind of like you know you know rose up and had their time and right, right. That's enough. Uh, I'm just step back in the, in the, in the ring. Yeah. You know,
we're seeing this huge, like sort of resurgence now. Yeah. I love that. Well, look, uh, Declan,
I know you're a busy man. Um, and I'm looking at the time, but we have a little prediction game
we want to do with you. We got to go there. But firstly, there's a question from the audience
that I think, um, is, is really important. Uh, how can the everyday crypto user get access to Linnea? How do people
really get involved on Linnea beyond Myriad markets? How do people really come and tap in?
Because there's a lot of excitement about Linnea, but I feel like, and it's true even myself,
I don't really know how to really tap in with you guys.
Yeah. So again, I would say use some of the awesome native applications like Myriad is one,
EtherX, which had its TGE yesterday. Again, it's a new trading some of like the awesome like native applications like Myriad is one.
EtherX, which, you know, had its TGE yesterday.
Again, it's like a new trading venue on Linear.
Try some of the new assets.
Just do like a simple swap.
There's like lots happening.
It's like more, you know, again, like DeFi lending protocols.
If you're into sort of real world use cases, get the MetaMask card.
Go like buy your coffee and beer with it.
And it's just a transaction on Linear linear so kind of like anything for everyone specifically for the token like
obviously just people like the token you know done the token announcement or tokenomics the
token doesn't go live yet they still have to do our tgs so that's like the next key step but yeah
until then just like check out the chain um try some of the applications i think you know give
feedback to builders as well like i always say like the best thing users can do is like actually
You can always hit like people up on Twitter or Discord or whatever and give feedback.
It's really valuable for the builders in the chain.
So look, while I load up the prediction market, Tyler, you got one more question and I'll load it up and let's get in.
I mean, Ethereum hasn't changed over
Yeah. Might be different or I'm just from morbid ins to six to 12 months. Yeah.
Might be different or I'm just from morbid insiders POV.
I really do see the sort of sharp link announcement as like the,
the sort of inflection point,
because actually ETH as a price,
obviously narrative toys price,
but like ETH was up at like 4k last year,
the vibes weren't the same. It was different now because i think as well and sees what happened to bitcoin with sailor
yeah this sort of asset of eith is kind of like the same but even better because it's productive
we can see the same thing playing out now and we sort of know where that goes and we've always
known the technology is good and the community is strong so now we're having the sort of
the validation i think as a community that like,
okay, the institutions recognize
and Ethereum is the place to be.
People actually truly believe that right now.
And that's what's the difference.
Check, check. Oh, you're back. You're still back. Okay? Check, check.
I think we lost last week. We caught his point.
Basically, kind of pointing to the sharp blank moment.
And just having more of a spokesman.
And I feel like that is important.
You got to have a father at home
you know i mean and you got some parrots you got mom and pops you know and uh and uh and now and
now we have uh at ethereum i love that all right well look we covered some good stuff let's get
into the game there's quite a lot of stuff going on uh on linea between the spin the wheel etc
so quickly we can go there like there's a speed the wheel thing that you guys are going on right now.
So every day, one person wins $500.
And then 100 people win like .001 ETH, which is $4 for now.
But still enough to go play some predictions on Myriad.
And that's every single day, right?
And if I'm not mistaken from what I've been briefed on, if you place a prediction on myriad
markets, you get an extra spin the next day.
I've been very excited about this.
Like, actually, I mean, I spanned a lot yesterday.
I'm going to go spin today.
I'm going to do it right now.
And I think, like, again, this is probably the beginning.
Like, what's cool here is because of, like, permissionless innovation is that think like, again, this is probably the beginning. Like what's cool here is because of like permissionless innovation is that like, you know, projects can also adding things to the prize pool.
Right. So we can see this like spin to win thing, like grow even further.
What's also cool is that like it's a great place to then go explore the ecosystem after.
So you can come spin, go to like the main hub page, see all the like different, you know, applications that have like come live, go check them out.
I think it's just like a good discovery place for anyone who's like coming
obviously it's all about linear on this page.
I wasn't planning on spinning the wheel,
Complete the transaction.
You guys can see it. All right. Oh yeah. Yeah. Give me my money. Give me my money. Complete the transaction. Oh, sorry. I have to complete. You guys can't see it.
Give me my money. Give me my money.
It would be funny if I won 500 bucks on the show.
Are you kidding me? I'm funny.
I have to fight lately now.
But hey, you see, if you trade on Myriad, you can get an extra spin.
So we're actually going to go there right away.
So Myriad Markets, right?
Obviously, you're very familiar with it because your team has been of great help, Declan, as you guys were the first chain we launched on when we announced the Myriad Protocol.
So shout out to the whole team there.
So we've been launching that.
So Myriad Markets 4 slash Linnea, we have a ton of markets already available for you guys we actually crossed a hundred thousand
dollars in volume declan in beta and we launched and then we then launched it's been pretty cool
very happy with this we have a little game for you declan we have five predictions that we've
handpicked and um it's all you brother it's all you so let's see how good you are at predicting. So the first prediction is will Vitalik mention Linea on Vitalik.eth.limo or X in 2025?
Yes. Okay. So just so you know, I'm putting money on every one of your predictions.
So I'll put 20 bucks on that. There you go.
Because I want people to see how easy it is uh to to trade on mirrored markets
on linear so you guys can see it it popped up i think the transaction runs me like a penny or
something like that which is awesome and that there you go it's that seamless we just put 20
bucks and so the answer is yes for you let's see if declan moves the markets on there so mirrored
markets versus linear second one ethereum frogs i know you like them we like the frogs
they're giving us a bunch of them to give away to the team and to our listeners.
So we'll be giving some away. I'm going to have to say it's your PFP, right?
Which is actually super cute. So Ethereum frogs,
Ethereum frogs floor price about above 0.33 ETH at mid August.
Mid-August meaning through August 14th here at 4 p.m. UTC.
What's the floor price now?
We'll put 20 bucks here on the note.
This simple CC as you can buy and flash market.
Hopefully I don't get front run.
See the linear is so quick that y'all can't front run.
I'm right on the website.
I've already paid the transaction.
You guys can't even see it.
I deserve all the credit.
I built this whole website.
You know, I did everything.
I'm just kidding. Love my team. All right. This is, this whole website. I dev'd it. I coded it. I designed it. You know, I did everything. I'm just kidding. Love my team.
All right. This is, this is so, Declan, you and Joe, you like your, your little riddles, you know, you know, right, Tyler?
These guys, I mean, Joe loves to speak in riddles. I swear to God, dude.
So 42, something big is coming on the 16th.
So is something big coming on September 16th, Declan?
How do you measure this one?
Well, let me see how the team resolves it. So when asked about the Linear TG podcast,
if Joel have been replied 42,
well, with anything big happening 42 days after the podcast,
the linear TGE date be announced.
will anything big be happening 42 days after the podcast?
whether it's the TGE date,
whether it announced a previously unknown thing.
So whether something big is announced 42 days within that.
That's easy because something big is happening all the time.
I'm so surprised that the yes is just a 52%.
Like, are you guys sleeping on the wheel here, y'all?
By the way, who made that line?
This one's going to be like 90% yes by end of day, by the way. After
the show, this one's going to resolve. All right. Something big is coming. Got some alpha here.
I got another one. This is more Ethereum focused, like broader. Ethereum to 5K in 2025.
It's 49%. Are we at charity here?
We're still seeing your 42.
We need to see the E5K market.
Do you see my screen, Tyler?
Yeah, we're both seeing 42.
Yeah, I even placed a prediction.
I guess it was a lag in StreamYard.
Do you guys see the 5K market now?
Yeah, I see now? There you go. Right? Yeah, yeah.
I mean, Marriott is a charity right now.
Marriott markets is a charity between all these markets.
And the last one, last one for you.
Let me know if you see it, the Sharpling market.
So will Sharpling, so as bet, hold 1 million ETH by September 16th?
At this rate, by the way, they're buying about 80,000 ETH per day.
They've got 522,000 right now.
Yes. Let's go yes. This is where my head is too but i think this is
a this is a tight line like this is the right i think i think yeah it's they said they said they
want to hit one mil didn't they so yeah september 16th they're gonna get there it's just a matter
of how fast do you think they're gonna get there all right i love that raise they announced today
so more money's coming i love this let's look at our portfolio here.
So we got the five predictions with Declan.
So ETH to 5K in 2025, yes.
Vitalik mentioning Linnea, yes, before a certain date.
Ethereum Frogs on the note, but that's like really 10 days out.
Sharpling Esbet told 1 millionth by September 16th.
And something big before or on September 16th.
And the answer is yes yes here's just a reminder
check them out it's all in yes so like declan said you want to start using linea get this thing going
we have frogs markets we have wrecked markets of mog markets we have tennis markets with all sorts
of things and a lot of fun stuff going so declan thank you so much uh for your time big shout to
you and to your entire team over at linea for being so great to work with.
See you. Have a good time. Ciao.
All right. Tyler, our lines are free, dude.
I know. I don't have my ledger connected. I've got to connect after the show. I've got some bets to make.
I think people are sleeping on the Linea lines because I don't think too many people are aware.
And the volume is so small.
And I'm realizing you have some really good lines.
But we'll get a clip going and then we'll post it for people to see.
But it's actually impressive.
We've got some really easy lines on there, it seems.
Anyways. Anyways. Anyways. Anyways. We got some really easy lines on there, it seems. And so they'll â anyways.
Anyways, anyways, anyways.
Let's give away some money.
So we do have to give away.
Who was the winner today?
That was a good show, right?
I think â I'm pretty bullish.
I'm getting increasingly bullish on Linnea.
These guys are fucking cooking.
Today's Mark, my good friend Mark.
I know we chatted about doing some Blackjack,
but that'll be tough because we do have to do some Yeet games.
So I have to do Yeet Originals.
If you're here on the show, Mark, are you on the show? I know he's, I know he's a blackjack DJ, but we're going to have to, are you on the,
Oh, he just messaged me on telegram.
Let's do a, let's do some risky click Mark.
Let's do some risky click with you.
We do have to, uh, you know, we should chat to our sponsors over at, we do have to do
some yeet, uh, originals, unless you want to do lamb chop.
You want to do lamb chop or you should chat in the...
He's actually on the space.
I think you want to do some blackjack.
We got to pick a yeet original.
So you want to do like a risky click or a lamb chop?
thank you so much for being the third largest,
Like in terms of volume, as you all know, this week we are rewarding our top four in terms of volume.
And Mark happens to be number three.
Second of all, you already made $500.
And now you have two rounds of $250.
Easy, medium, hard, very hard, or death wish?
Let's start medium. Oh, are we okay, let's go. Oh
Yes, all right, we're good. How far you want to go mark
Let's get it. Let's get it to tracks. Oh, okay. Okay. Oh medium. Okay. I'm gonna go turbo smash. Let's go. No, no, no, no, no, no, no! Not even a shot!
You got another shot at 250.
What difficulty did you want it at?
What do you want to do, Mark?
Both of them got, like, smacked at the second well mark dude congrats man you still
went 500 bucks thank you for supporting appreciate you man i know you've been listening to the show
for a long time i appreciate you guys love the show thanks you guys are doing all right tyler
well that was a good show that was a lot of fun and with that with that we'll see you all tomorrow
morning 10 a.m eastern standard time, we're picking a lucky subscriber.
And so whoever was fourth in volume, because we owe, because we didn't do Tuesday,
but also a lucky subscriber.
So on FOMO Hour, DJ is live.
If you sub, you have a chance to win tomorrow.
10 a.m. stand up for another episode of FOMO Hour on our radio.