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Live From The Trenches! FeeM Expansion | Metrics Still Exploding | New LST? GMSONIC EP 82
Recorded: March 25, 2025 Duration: 0:50:36Space Recording
Short Summary
The discussion highlights the DeFi Renaissance, with Sonic showing significant growth through increased TVL and innovative yield opportunities. Bitcoin's dominance remains strong, and new technological advancements are being introduced, such as potential yield optimization strategies by beefy. The market trends indicate a focus on pump anomics and strategic positioning to break into the top 10 by summer.
Full Transcription
Johnny
Johnny
Yo, it's the GM Sonic show, Phantom Opera Flow, permission list, immutable, unstoppable,
spectacular, gather with Corville and Dracula, abracadabra flip shit like a spatula,
few Andre Stan the master of memes, Defi King, half man, half virtual machine,
no other team can match the collective expertise, no other chain can achieve the supersonic speeds
Home of the most creative tech
What's your favorite decks
Spooky Swap Equalizer Bates over next
And when I place my bet
I never break a sweat
Worship the open source code like sacred text
Rest assured battle tested and ready for war
I check the bribes cast a vote
And collect the rewards
Knock at the door trick a treat
Move like a zombie, but usually I stay cooler than Fonzi.
I get surgical with this, call me Dr. Doom.
Break the sound barrier, hit you with a sonic boom.
We got it wrapped like a mummy in a tomb.
It's about time we address the elephant in the room.
It's called Sonic.
Yo, what's the new hot topic?
GM Sonic.
Straight up out, but you can get it if you watch it.
GM Sonna.
Yo, what's the new hot topic?
GM Sonna.
Straight up alpha, you can get it if you watch it.
Yo, since the Genesis block, consensus didn't stop.
Innovating since day one and never missed the plot.
I'm just a humble yield farmer.
Tending these crops like a routine.
See you at the next epoch.
Hey, yo, the.
DeFi Renaissance, yeah we were part of that.
Your favorite daft, phantom is where started at.
Go to paint swap, a copper ancient artifact.
Let's run it back so we could 20X the market cap.
Ftm's the pre-sale.
S is the ticker.
It's best to zoom out so you can see the bigger picture.
Brand new tech.
brand new insignia no trivia we stack it more chips than invidia graduated from
Halloween to a sonic theme the dead chain resurrected make you want to scream due diligence
follow the new primitives controlled by the citizens built them
Billions, your mass adoption, that's the only option.
We ain't stop until we've locked in the top ten.
Who got the best community?
Who got the most promise?
Who got the most pump anomics?
Phantom and now, Sonic.
Yo, what's the new hot topic?
GM Sonic.
Straight up, palp, but you can get it if you watch it.
GM Sonic.
Yo, what's the new hot topic?
G and Sonny
Straight up and alpha you can get it if you watch it
Watch it
Bhopin
Bhopper
Bohn
Pond
justed shi-downed
just
15 Wild Croc accessories in 15 seconds.
This is a middle finger charm.
This is a semi-truck exhaust stack.
This is a spur.
This is an engine.
These are Nike swooshes.
This is a vape holder.
This is a croc glock.
This is a snow plow.
These are prime charms.
This is a fighter jet set.
This is a stop sign.
This is a Hellcat set.
This is an umbrella charm.
This is a construction set.
I'm right here and watching history
You're going to be up to 111.
You're saying you're making me next to find a shrieky but it's a lot
I'm up to 110 and this is the highest.
I'm up to 110 and this is the highest that it's been. It's ridiculous.
last trade, 189 Bitcoin for $11 piece.
That's amazing to me.
Just look at this graph. You see this graph? That's the last three hours.
Give me a second, I'll switch it up.
Come on!
I can't hear him! What's his name?
Joseana
Horanah
For us
We love you
We love
Ozanah
You're worthy
You're worthy
Oh man
You're worthy
Good morning
How are you doing today
Corval
I'm doing all right
I've got my
Old Foods
Vietnamese coffee
I've got my
Santa's little helper cookie.
This is quite a breakfast going on here.
Yeah, this is nutritionally balanced.
You know, watching those morning routines really inspired me to kick it up a notch.
Yeah, the guys like swim in and rubbing bananas on his face and yeah.
But the thing I got from those videos is that guy is so tremendously poor, you know, like the cheapest fucking water bottle.
The Saratoga water, man.
What's up what's going on with that?
I mean, it's got to be like a deal or something, I imagine.
He's got to be something.
I mean, otherwise, why would you drink that swill, you know, when you could drink.
Like tap water.
Vietnamese coffee.
Mm-hmm.
You should try taking a Vietnamese coffee bath.
See how it goes.
I feel like it would be.
Great, dude.
Mr. Clean says he's got his ice bowl ready.
What I like about Mr.
Clean is he's always on task,
always ready to get things popping.
What about you, Dracula?
How about you, man?
How have you been?
It's been a while, dude.
You are,
I, man.
I was struck here with Sonic Labs, people.
Yeah, you were on with a assistant in Lewis,
but I guess he had to hop up,
he had to hop off before he even got to, like, do his thing.
So it was like,
It was just pure Corval and assistant time.
Yeah, I felt bad.
I felt bad.
But the assistant has had, he had, dude, he was dropping shit.
I don't think he was allowed to say, bro.
Yeah, he was definitely dropping alpha.
I should be eating.
People like him when you eat on Mike.
I'm so sorry, guys.
I can't hear it though.
So, you know, I think you're all right.
You know, it's only when it becomes like the, uh, the muck bang thing that I can't,
I can't do it.
You know what I mean?
Yeah, muck bang.
Isn't that a crazy thing?
like I don't know but whoa look at green line dude yeah I mean you know I felt like
where we were big facts Mendoza C we're rich for today for a few hours hours yeah I mean
looking back on last week you know we were having one of those like it's over moments
felt pretty confident we were more like dealing with like a correction I think the
tariff scares are kind of like
you know, they're having they're kind of getting diluted in their effect on the market.
You're still getting those like sharp moves and like little mini crashes,
but I feel like things are correcting faster and faster after every little scare.
There was also rumors of like a Fed pivot coming,
which probably is driving the market, you know,
a lot more than some of these other factors.
So yeah, I mean, this is the Bitcoin Weekly.
It's looking good to me.
You know, we're, we had a big drop off, but it seems like nature is healing.
What is that green one that's moving like the the trailer moving average or something?
Yeah, this is a volatility weighted moving average.
I got it on a shorter time frame on 21 because this is the weekly.
But pretty powerful when you're going on like higher time frames.
But I like this moving average because it's got some kind of formula that it's not just like a simple moving average.
It kind of like takes into account extra volatility that crypto has.
Um, so pretty powerful on the Bitcoin weekly chart.
Um, but yeah, yeah, looking bad.
We got Donald Trumps out here, paying on his hands and ease for them to lower their interest rates.
You saw this?
The breaking news.
Yeah.
I mean, that's the thing.
Yeah, I think we're, um,
There was speculation that there was like a 4D.
You know, we talked about this on the show one time where it's like when it comes to people that believe Donald Trump's always playing 4D chess, it's hard to tell if he is or he just is, you know, doing something crazy and doesn't care.
But the theory was that a lot of this volatility was to kind of force the fed's hand to pivot on rate cuts.
And whether that's true or not, it seems like we're on track for that.
So the market's having a reversal.
So Bitcoin Weekly is looking good.
I mean, you know, we're going to probably have a battleground here getting back up over 90K.
Prepare for that.
I would imagine we might, you know, hit this and bounce off a couple times.
But maybe not.
Maybe we just blast through it because if you look at the S chart,
They just blasted through their resistance, no problem.
That's right.
Yeah, this is the S-Daily.
I hope Adam Foxwain and Anselm didn't trick you into selling all your coins, did they?
Yeah, I mean, it's looking pretty good right now.
You know, everybody's kind of green today, but, you know, Son, I almost said Phantom.
Sonic has been.
As we've, like, said on the show before, Sonic's been kind of like outperforming.
Definitely outperforming the alt L1s, but outperforming a lot of other chains as well.
So, been pretty resilient.
I mean, who knows where we would be right now if we didn't have to deal with this recent, you know,
this nuke that we, you know, had to deal with with the initial tariff scare and everything.
Let me check something real quick.
Let me see if my...
My protege's chart actually is playing out.
It seems like it might actually be.
This is crazy.
Is it scribbled on a napkin?
Yeah.
And I'm leafing through my Rolodex right now.
I'm trying to find it.
Oh, whatever.
Screw him.
Let's look at the heat map.
I'm pretty sure it is, though.
He was calling for a slight retracement after that pump, though.
Oh, after the recent move.
Yeah.
Yeah, I mean, it would make sense to, you know, we're having a little bit of like recovery here.
Um, you know.
Um, you know.
It's hard to tell right now macro just, you know, has such a big effect.
You know, it has an effect on the stock market and the crypto market is now so correlated with the stock market.
So whether you like it or not, it's like there are people that trade strictly on macro.
I'm not one of those people, but I do think obviously it has a big effect on the market.
So you are a believer. I got you somewhat, maybe about 30, 40% right? I mean, because we've also seen the market be completely irrational to macro before.
So, you know, it has, I think it definitely has an effect, but I don't think it's the end all be all because the market's kind of just going to do what it wants to do sometimes.
But I think everybody's, you know, everybody should be happy today for the most part.
Even boy tarts, dude, look at them.
This is the best that heat maps looked in, I don't know, three or four weeks.
It's kind of awesome, dude, because it still is like kind of sickly looking.
Yeah, I mean, you still got some stuff that's, you know, down bad, but.
You look into the abyss.
It's like red.
But, you know, what I wanted to also check on is we're just watching this dominance chart,
just never relenting.
Bitcoin is 62%.
dominance like you know we're always checking this dominance chart just based on like you know are we ever
going to
get like me you know are we ever going to have that alt season which we've been you know
everybody watches bitcoin dominance um because we need it to go down if we're if we're looking at
like historical data we need bitcoin dominance down to about mid the low 50s before we can even
think about it and um it's just unrelenting the ETS will never allow it dude it's just yeah i mean
it's been since um yeah i mean
sometime mid last year where it was maybe even like positioned to be a possibility.
I video you played in the opening with the guy looking at the Bitcoin chart and he's like,
it's the highest I've ever seen at $100.
I mean, oh, he had $110,000 at $100 Bitcoin.
So what he's got like.
If he held it.
If he never sold a single one, it be what like.
He would be doing pretty well.
I mean, if he...
Too soon to do the math right now.
Yeah, if he had never seen.
Anyway.
Yeah, the question is whether or not...
What really struck me about that video is, like, how unique of a point in time that is in terms of, like, there...
I don't I can't think if anyone in chat can give me an example is I don't think there's ever been any other point in history of holding like such a speculative asset that is almost entirely motivated by some sort of like moral belief as Bitcoin like a lot of those people that held it right like they either have some some of them were thinking like oh this shit is going to take over the world but a lot of them were more like
I'm holding this same reason people hold more Manero they're like making like a point you know yeah like yeah I mean it's a good it's an interesting
rewarded so heavily for that is crazy like you know like gold has always been valuable
Yeah, I mean, it's like, it is like an interesting point where it's like, has there ever been an asset that, I mean, for all intents and purposes, it could just be worth zero.
It could have never done anything.
Yeah.
You know, it's it is true.
It's almost like.
And it was so accessible to anybody.
It wasn't like, I guess it's like the big thing that sets it off from so much speculation is like.
Or like so many other examples through history is like I could have bought like stock in some company that was like worthless and then it exploded in value.
But it's like it's still very different.
Yeah, I guess it falls on saying like Amazon was an online bookstore maybe.
Yeah, I remember that.
I remember that when that's all they did was there was like, oh, they ship they ship books.
That's nice.
When I think of Amazon, I think of that Futurama episode where what's the accountant Jamaican guy?
Anyway, he gives his son like a dollar and he's like, what are you going to do with it?
And it's like, I'm going to invest it.
And he's like, in what?
And he says, Amazon.
And he goes, oh, risky better, huh?
That's crazy.
Yeah, I mean, and you know, it lends itself to like talking about this Bitcoin dominant stuff.
You know, I had a little post just about.
this idea we've been talking about where I'm starting to more like become more and more a believer in this idea that if you look at how S is performed against the rest of the market, especially Alt, um,
I'm almost, I mean, maybe I'm just convincing myself, but it's like I am almost starting to believe that maybe Bitcoin dominance is never going down again and that the new normal is really just going to be, there's not going to be this flow of Bitcoin, then Ethereum, then alts, then exotic alts.
I am starting to believe maybe it is like the pattern of you are more so looking at now.
There's Bitcoin dominance and then there's just.
extra liquidity and it's just going to go where people can get the best, you know,
the best bang for the buck.
You know what I mean?
Like, um, and right now, Sonic, I mean, it's just like, is there anywhere else you can
move your liquidity and earn so much in the ecosystem?
I don't, I can't, you know, being like pretty heavy in defy.
I mean, during the bear market, I was spread out all over to place because you had to like
hunt for yield.
And it's like there's just nowhere else right now where you can do the things that you can do on Sonic with just about any asset.
I mean, you know, they got all the majors covered, which is big.
So it is like a thesis that I'm starting to subscribe to where I'm like maybe, maybe we're not going to have this like all season flow that we're used to.
And maybe it's going to be like this.
It's going to be.
Bitcoin moving around. There's corrections. There's new all time highs, whatever. And then you're just kind of seeing these like liquidity phases with whatever, you know, can capture that mind share. Yeah. Yeah. I think that might be a healthier. I don't know. It just seems like the the next logical step for the space to go to. Right.
I think it does.
Like a big part of like why we have, I've heard this thesis toss around,
but a big part of why we had old season is because we had SBF and and CZ essentially just doing like,
like funding for literally just any project that knocks on their door for like a long time.
Yeah, I mean, there was so much money flowing that, you know, especially like,
SBFs fund.
Alameda.
They were, they were just,
dumping money into like anything but you know they had a little strategy of their own i mean they
were basically for all intents and purposes they were basically just running like a little
p and d machine um you know something like uh the salana retail meme pump and dump culture whatever
you know it was kind of like that's basically what they were just doing with like just about
any project that they could you know get a large stake in
Um, but yeah, there was a lot of that going on, which was always, you know, pushing money into alts, uh, making people speculate on alts more. Um, definitely in that time frame, people were speculating on alts a lot more than they are now.
Hmm. Yeah. I think he kind of made it more of like a all around like all. He turned like all crypto into like, uh,
I miss all the other shirts so damn, right?
I can't lie.
I can't lie.
I miss it too.
They were just like pump random shit, right?
Essentially.
So it's like pump fun, but like for every chain.
You know, I don't even know if everyone remembers this.
Whether you were like around.
last run. It was probably even like very early pre-run because Salana just turned five years,
which is crazy. But I remember when they were picking, they were basically going to pick like a
winner that they were claiming would be like kind of like the back end of FTX, which I don't
even think that ended up true. And everybody had all these like speculations. And it was like this
jaw drop moment when it was like,
it's going to be this chain called salana which by the way we like basically own it now
um and everybody was just like shocked like what is like what is salana like what are you talking about
um so yeah i mean that's just kind of how they did things you know and there was uh
i think it maybe maybe i think they just liked to hyper gamble
You know, they were talking about Caroline from FTX, kind of managing that Alameda fund and how like on the tail end of like the bull market.
I mean, that's how the whole thing collapsed was that she was like $5 billion under.
Yeah.
And like the fund because they were just, yeah, they were just throwing stuff at the wall, really.
They were just hype gambling.
I was always thinking that video and because it.
I don't know if it makes me feel partially insecure,
but also partially superior.
Like I don't know how to feel about it is that clip of her
where she's doing the interview and she says,
well, you don't really need stop loss,
you know what you're doing.
Yeah.
I love that.
Maybe she does know what she's doing.
Yeah.
I mean, I guess history is proven she didn't know what she was doing, but was it the lack of stop losses that wasn't?
Yeah, they were like talking to her about risk management.
She like kind of just like giggled and was like, no, we don't.
I don't do that.
Like, no.
No, I just buy 50 million of the token.
Wasn't the BC and family interest for so long?
Worse since.
Might have been why.
Yeah.
Yeah.
Yep, that's another famous point is that the original VC rounds for Solana were like, I mean, single digit cents.
So I don't remember what the price was, but that's why there's still people to this day jumping.
I mean, who knows how much they have.
So like for the situation we're in now, then, like, if we were to think like,
You know, we have a lot fewer catalysts like that in terms of like actors out here who are motivated to purely just pump and dump and have the ability to do so on like these massive market cap tokens, right?
Like I, that's almost kind of like the desire a lot of people seem to have for like Tradify to come in is that is what Tratify is going to do is they want like Merrill Schwab to come in and buy like.
20 trillion dollars with a fart coin or something.
Yeah, and I mean...
These firms are not like...
There's a reason SBF is in jail and these guys...
They don't go to jail. They pay fines.
You know what I mean?
It's because they don't engage in this kind of behavior.
Well, yeah.
And I mean, I think that we've talked about this on the show before, too, where there was a time.
It was like, you can't have your cake and eat it, right?
Where everybody was like, oh, there's going to be like a crypto decoupling from the stock market.
But yet at the same time, everybody's like, we want the trad five billions to come into the market.
And, you know, you just can't have both really.
Um, not that there was anything anyone could do to stop it.
I mean, it was inevitable, but you know, what's interesting is that I think part of what
you saw in the bear market was.
a lot of VCs and a lot of big capital.
They shifted from investing in projects to investing in infrastructure because they realized that,
you know, why invest in a project when you can help fund like a new chain or a new L2 or
whatever and you're like essentially guaranteed a certain amount of X's?
Yeah.
And that was the shift.
I mean,
you just,
you rarely hear about,
projects so much being like,
we just,
you know,
Like you hear about it sometimes, but you don't hear about it as much where it's like, oh, yeah, we just had a seed round.
We just had a second round.
We just, you know.
That that is kind of played out now, right?
It's because it's like the over dilution of like the chain.
Well, I guess it still happens.
You still see new chains launching like all the time.
Yeah.
I mean, they were launching L2s like someone could launch shit coins.
I mean, it was like it was just too much.
Silicon Valley became pump fun for fucking L2s, dude.
Yeah, I mean, it's kind of what happened, really.
But, you know, to further play into this idea, I mean...
We like to check in on the TVL just because, you know, Sonic has just been ripping on the TVL still.
Yeah.
I wanted to say like in this in this new realm then of like where there's not someone just going around speculating on like just doing this pump and dump machine on everything.
When we are matured, like Sonic is in a good position in terms of having a fully established as we said like D5 suite.
It's fast.
It's effective.
So it has what it takes to compete, I think, in this new kind of, we're not just waiting for like the next cycle.
Like now it's like an actual.
We're getting the point where these are actual businesses and they need to accomplish business goals.
And I think I'm happy to see it.
I think so is the place to be for it.
Yeah, I mean, the tech is there.
They came out with like a focus on like building like a robust ecosystem,
which I think is really like something that a lot of these chains launch and didn't seem to like focus on.
And I've seen it happen so many times, especially on the L2s where, you know, you have,
the launch and the airdrop campaign, but then it's kind of like at the root of everything,
there's only like maybe a couple actual protocols that are doing real volume and that
people are actually interacting with, right? And then when the air drop campaign ends,
the whole thing is just a ghost town. It's a shell. And then by then, the L2,
stuff is set up and these guys are just collecting free Ethereum for eternity.
It's incredible.
Yeah, I mean, it's it's definitely like a very distinct model that you can see run over and over again where even if it costs, you know, I don't know, let's say it costs 250,000, you know, in all your payments and everything else to run a chain, you know, you're still making like.
500,000 a million in Ethereum every month.
You got some like skeleton crew keeping everything running.
You know, it's easy.
That's crazy.
But yeah, I mean, going back to the idea of like mind share and all that stuff.
I mean, Sonic TVL up 83% in the last month.
I don't think there's anybody even close to that, at least in like the top, you know, top 20.
Yeah.
Se's had like a 90% jump as well, but still not even close to what Sonic has like gathered in TVL, which, you know, we've now passed Polygon core and hyperliquid.
So that's the next one on the ladder.
Aptos.
Next up on the hit list.
We get, we get past Aptos and then we're really, we're really about to break in here on the top 10, the heavy hitters.
But.
Um, you know, with this USDC news and there, you know, the air drop is like heavily incentivizing, bring majors over the protocols are like giving better yield on majors than like anywhere else.
Um, I think this continues to grow. I mean, and you know, now we have like AVE and Pendle, um, you know, silo doing its thing in terms of just like ways for people to like do things with, you know, their majors.
You know, that eventually flows into, you know, LSTs of Sonic and, you know,
all it's on Sonic and all that stuff.
So we're still in really good shape.
I mean, I think that they've made all the right moves to emphasize that, you know,
we want you to bring your Ethereum.
We want you to bring your Bitcoin.
You know, don't leave it just sitting somewhere, not earning anything.
Bring it here.
And every day that TBL is increasing.
Oh, yeah.
I love to see it, dude.
Although sometimes it makes you worried, dude, because really all I need, okay,
to facilitate my own retirement here is I just need for shadow to stay exactly as it is,
price-wise, volume-wise, everything to stay the same for...
Or get better. I don't know. I don't know.
Yeah, to keep your CL position in range.
Yeah, I just got to keep my CL position in range just for as long as possible.
Well, further, like, touching on this idea of, like, mind share and TVL versus just, like, waiting for alt season.
This was, like, an interesting, you know, this project called Dexu, where they basically...
you know, scrape Twitter and everything else to kind of like, you know, get an idea of like what's happening with like mine chair on the timeline.
And I thought this was pretty big.
They're saying that here's like a chart.
And right now, I mean, Sonic right after the majors.
Which, you know, I think you got to consider Solana a major at this point.
I do.
So Bitcoin Ethereum, Solana, then straight into S, which is crazy.
Oh, yeah.
We got to get the dialogue bumping on this, dude.
I saw some coalitions forming on the timeline that they're throwing together group chats and the like.
Yeah, I mean, and I think that's part of the, you know, that's part of what's happening, though, is that when you like make these opportunities for majors, it's, it's like undeniable.
So, you know, keeping like.
incentivizing that and then also having you know the protocols incentivize that the
air drop incentivize that yeah I mean I think that's the that's kind of like the next phase
we're at now is we have to see what happens after the air drop right we have to see if
we've been successful in making it sticky and
I think it looks pretty good because, you know, Sonic is a unique situation where, you know,
we already had like a community from Phantom and users from Phantom.
So we're not in a situation where, you know, everyone's descending upon some new chain to farm
theirdrop and then they're done and they go, okay, well, now I'm going back to like the things
that I usually use, you know, until the next air drop. I think we're.
you know, positioned really well with all the unique protocols and opportunities that,
you know, I think that we will see this liquidity be sticky. And I wouldn't be surprised,
you know, if we're finally busting into that top 10 by like summer.
Dude, you know what they should do? They should just give me the air drop now.
They should just give the air drop now. Hold on. They just give the air drop now. And then everyone
is trapped here because they're like, okay, now where are you going to go? What are you going to go farm on
on a vax dude what are you gonna go blast get real yeah yeah can i can i have an advance on my
airdrop bro no but like then they'll be stuck they'll have to use the airdrop here on on sonic and
then you know defy season forever defy season forever that should be the next you know the next
move in the campaign is it's just called defy season forever
just spring breakers let's get asked them to do a spring breakers shop for shot remake with us
it's like called defy forever or something yeah but some crypto babes um but yeah i mean that's going
you know my we you know we're taking significant mind share also i've noticed that
FEM has really started to resonate.
I'm seeing a lot of that on the timeline.
They've updated this board to where,
I mean,
you can see now.
I think when it launched,
it had given away about 300,000 S or something,
but it's constantly getting updated with protocols and everything else.
And I mean,
yeah,
I mean,
now we're coming up on pretty soon.
We'll be,
you know,
half a million S that has been earned from FEM.
Yeah.
Um, you know, like we were saying before, it was like, you had these people when they were first talking about Fiam kind of being like, oh, I mean, you know, what am I going to earn on, you know, fraction of a penny on gas? Well, it's like those transactions add up, you know, and you can see it right here. I mean, yeah.
Sacra and Shadow.
I mean, you know,
Sacra is over 100K in S,
just from FEM, which is crazy.
That's nuts.
And yeah,
as you get on the list here,
I mean,
you know,
they got almost 80 protocols now.
But-
Sacra is just like running it up insane style.
It's because it's a game,
I guess.
Yeah,
it's a game.
And I noticed like,
you know,
you sign in and you can kind of like delegate.
some s to a wallet to do like handle all the gas you know and like that way you're not having to like approve stuff every single click um i mean i think that's still like a hurdle of online gaming is just the amount of txes that it requires um so for something for fm it's brilliant right i mean it's gonna take a lot of gas if you have a lot of users so
You know, love to see that.
You know, obviously all the major dexes have done really well from it.
So I'm noticing, like I said, I'm noticing on the timeline.
I'm seeing the notice or I'm just seeing more chatter about it.
You know, people talking about it.
That's not just, you know, oh, like a retweet of Sonic Labs or something.
You know, I think it's really like making a difference.
Yeah.
I'm going to make a, I'm trying to think of those transaction expensive application I could possibly make.
You know what I mean?
Like so I could be to the top of this list.
What could that, what could we possibly do?
Yeah, I'm trying to think of just like a really inefficient.
contract. It just racks up your gas. But, you know, I also saw people, you know, I've seen a
couple of times people arguing about Blast. Like they're like, well, Blast did it at first. You know,
Blast was offering, you know, you were allowed to claim the yield, all the underlying yield from
your Ethereum and everything. But I mean, I, I haven't seen anything like this on Blast where even
like their top protocols have made any kind of significant,
you know i saw several projects try to work it into their flywheels but it it just never was enough
to make any kind of significant you know so i mean like file it says here like you know why would
you want to build somewhere else you know um and i agree i mean i think that's what we're starting
to see you know a we talk about it a good bit but i mean a three weeks 220 million in tvl
which was the flip side of the coin was there were people downing Fee M and then with AVE,
there were people going, oh, you know, Avey can't, you know, Ave can't save it.
You know, no one's going to bridge over just to use Aveh.
Well,
what they did was there's just all this like synergy with you know borrow something on avae put it in the
pendle take your you know pt tokens from pendle then put that in silo um you know there's just these crazy
loops and you know all these like synergies between the protocols where it's not just as simple as like
oh yeah i mean it's nice to earn
decent API on like lending stables, but you can make way more than that.
So I think that people just weren't looking at the big picture of, you know, like, hey, I mean, yes, it can be simple, but for sophisticated defi users, it can actually do a ton.
Yeah.
Yeah, I think that's a good point.
It's not so much that like, you know,
People want to bridge to Sonic to use AVE so much as they're not going to use Sonic unless they can use AVE there, right?
Yeah, yeah, exactly.
Like to them, it's like a minimum use case, you know, for anything.
Kind of like I'm not going to go to a place that doesn't have an ATM or something.
You know what I mean?
Yeah.
But that is an interesting point.
A good point is that there's a lot more complicated stuff to do with it.
with like the suite of Ethereum protocols, like using AVE and Pendle together.
We should look into getting a specialist on to explain to us the super sophisticated PTYT AVE strategy
because I don't know it, dude.
Yeah, I mean,
anytime I try to use Pendle, it's in a disaster.
We got to get one of the interns on, whether it's the Silo Intern or the Pendle intern.
And, you know, I think it's cool.
Those, you know, they're always putting out these like,
you know, threads where it's like, here's a here's a strategy you can do for this.
Here's a strategy you can do for that.
But yeah, I mean, it's like I said, it's that that is kind of the power of it is that they can all work together.
And you can do all kinds of different strategies with different assets.
You know, it just lends itself to the whole like this having like a robust eco.
and making that a priority you know um it's almost like if you make the eco robust the tvl's gonna come
yeah just on its own i think uh it's i think the new built community has also been kind of necessary
like it's like growing drops you know you need the the field they need the seeds
Yeah, and I mean, I think that's definitely been a factor is that, you know, we've, some of this is kind of like unknown because there just hasn't been a scenario before where there was something like Phantom upgrading to Sonic.
Yeah.
But I do think having that existing community and already like greatly expanding on that is just going to make a big difference compared to, you know, just a random L2 that has a three or four month AirDrop program and then.
Everybody leaves and there's just, you know, like one place that people swap, maybe like a couple meme tokens.
It's like, you know what I mean?
I think it's only going to keep growing from here.
Right on.
I'm with you.
I think fans in a great spot.
So any of the haters that comment on this and say it's washed, you're wrong, dude.
Yeah.
I mean, you just have to look at the numbers.
I mean, there's no way getting around it, really.
Yeah.
You know, speaking of also large protocols working on things, beefy has been like a really big Sonic supporter.
And they kind of just dropped a little, dropped a little teaser that I'm guessing from the looks of this, we're looking at a possible beefy LST, I think, maybe.
Hmm.
I'm not sure if it's an LST.
I mean, obviously it's a teaser, so they're not going to like lay it all out yet.
But I'm not sure if it's an LST, maybe a stable.
But my money is probably on a new LST where, you know, beefy being beefy,
you could probably, I'm sure they could find ways to boost that yield on an LST and make it interesting.
So definitely excited to see what they do here.
Yeah, I'm curious about a beefy LST.
Their yield maximizers, aren't they?
Yeah, so, you know, beefy is just compounding vaults and strategy vaults,
where you can take like your existing positions and get them pumped up.
you know, where they'll compound rewards for you to keep building that position where,
you know, usually, you know, if you're having to do it manually and go do it two or three times a day,
that can get pretty tough, especially if you have like positions all over to place.
So I'm a big fan of beefy just because they also, you know, always have had like this really
top notch just like security, tons of audits.
They put security first.
So it's like beefies like, you know,
it's kind of like an Ave or something to me where it's like you can pretty much rest easy.
You know, like to my knowledge,
there's never been any kind of hack or like anything.
So that's another protocol that, you know,
people kind of, you know, like auto compounders are kind of and like yield optimizers
are kind of like popular.
lower hanging fruit, um, that people fork often.
And, uh, but, you know, similar to Avey, I know people that are just like, yeah,
I'm not putting my money into a compounder unless it's beefy.
That makes sense.
Cause there are as like a, it is like easily forcible like, I guess contracts, but it's, um,
like a higher like risk framework, I guess or worse like risk profile because it's like, um,
It's an interesting thing because it's like a very easy thing to copy, but it's also very risky to use.
So because it's a, you're trusting money to a contract.
Just doing a bunch of transactions with it.
So yeah, I've heard that before too.
Like beefy is like the gold standard for these kinds of things.
Yeah.
So whatever they're working on.
I'm hoping it's an LSD because I have a feeling like I said.
I bet they have like, you know, some some idea of how they can crank.
that APR on it, which would be really nice.
You're definitely cooking something, these guys.
Yeah.
So looking out for that.
And I think last thing we were going to cover today, this is just also kind of like a little bit of housekeeping, but we feel like people should know they have like modified the point system on your dashboard.
Yeah.
So don't freak out.
Don't freak out if you go and look at your points and it's not like millions anymore.
They have dropped it a thousand X, but your position is like staying the same.
So I kind of like seeing the millions and millions.
It's kind of like unit bias, you know?
Um, you know, I kind of liked seeing like hundreds of millions of points or whatever.
You could tell yourself it was a dollar each or something.
Yeah, yeah.
You're like, this is definitely going to be a dollar a point.
And I'm, I'm going to retire in June.
But, um, yeah, that's, I'm seeing a lot of that, you know, people being like,
what happened to my points?
Um, but they do have a little disclaimer here, which, you know, it's funny how
disclaimers work.
They put it in bright blue, uh,
right under your points, but people are still not reading that.
good project.
Hopefully it's not one to one S now.
Huh,
buddy.
Yeah.
Yeah,
dude,
it is,
bro.
That's how much S you're getting.
Yeah,
one point is one S.
That's what we're,
shooting for here.
But,
I don't know.
But don't,
don't panic if you go to the dashboard.
It's,
it's all right.
And hopefully you'll just see the giant blue disclaimer and know that,
you're okay i wonder why the assistant chose to do this is you just like didn't want people to retire is that what
it was i'm not really sure what the reasoning is but um you know i get it uh they wanted to be cleaned up
a little bit easier to i guess they just like a aesthetic thing perhaps possibly possibly yeah i guess
it makes it look less dramatic i suppose yeah like i said i kind of liked seeing
200 million or whatever that was kind of nice me feel like I was big dog even though it's only
position like 10,000 or something yeah so but yeah that's um that's pretty much all we had for today
hmm it is checking in checking in on the chain um checking in on the milestones everything's humming
along
It's green, you know, it's green for today.
Every, you know, the whole market.
So enjoy that.
Yeah.
Hopefully, uh, we make it over the weekend staying green.
Um, Tobias.
Tobias.
Tobias, wow.
He is really preaching to the choir here.
If you have low activity points, learn links open to options position, put in a
deltrenucial position.
Hey, Dracula, before we sign off, I've got a financial advice.
I want to ask you.
What's that?
If I'm opening an LP position, right?
And then I open a long position for like, all right, let's say I open like a USDCS position.
I open up a long position that has like a liquidation level like.
wait no i want to open a short position yeah short position that has a liquidation at like the
upper range of my LP position how smart of a trade strategy is that i mean you know it's um the problem
the only thing i see sometimes with like delta neutral concepts are just like um unless you're like
using like really large amounts of capital it's it's probably it's probably not always like
worth your time but uh
Yeah, if you had like LP and then you did like, I don't know, if it was decent leverage and it was like short term, you know, that probably pays off.
I mean, that was kind of one of the things about crypto was that, you know, in the stock market, like you weren't allowed to go long and short at the same time.
Basically, you know, I know people that have always people that just do leverage trades when they see a big move coming or big announcement.
I mean, they just basically open a long and a short and set similar stops and whichever one rips, you know, rips.
That's awesome.
Yeah.
So, I mean, it's a way to do it.
Not, you know, sometimes making, making those hedges pays off.
All right.
I'm going to go back to the drama board.
I'm going to come with an even better strategy.
Yeah.
So, but yeah, that's pretty much all we got today.
Friday, I think we have the origin folks coming back.
I got to check the calendar.
And we'll be showing you some new derp stuff.
So they've added some things to the website.
And the rumor is they also, they may have a game coming.
So we're going to be checking all that out.
Is it like Super Mario Bros?
Yeah.
It could be.
It could revolutionize gaming.
I don't know.
We'll have to see.
Yeah.
Okay.
Hell yeah.
I'm excited to see it.
But, yeah.
Dr. Professor Funeral.
That's right.
So we will see you guys later in the week.
Audios.
Peace, fellas.
GM Sonic is Corbel and Dracula Presley.
DMGMGMGM.
