Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
THE DAILY ALPHAβ»οΈ
Recorded: March 29, 2025 Duration: 1:29:00Space Recording
Short Summary
Excitement builds in the crypto community as major projects like Godzilla Games prepare for launch on Binance, while the anticipated TGE for Wayfinder promises to enhance user engagement. The MetaMask card's partnership with CryptoLife aims to simplify fiat onboarding, marking a significant step towards broader adoption.
Full Transcription
Thank you. oh damn we got the old setup with the purple i guess it's purple to me plus mark down there so
i guess press that button. It should post it.
I guess it's better to repost.
I guess there's no comments.
I can't comment and that kind of shit.
we have Allison's thread
pinned up top.
Everything we discussed yesterday,
we appreciate you guys
stopping by the Daily Off.
We host a space
Tuesday through Saturday
from 10.15
on Saturdays at 10.30
to about 12.
That is pinned up top
to space.
I mean,
yeah,
if you guys can work with that it's a little easier than
each one of you guys making your own uh tweet so yeah just like and retweet the the main space
appreciate y'all yes sir yes sir how you doing this morning chief you doing all right brother
yes sir getting excited man uh not necessarily market stabilizing right because we did do a little bit of a dip but
once we get through april 2nd um you know it gets us a little bit closer to potential rate cuts and
just a better bullish second you know q2 q3 and leading up to hopefully a banger q4
yeah i mean it looks like everybody's like uh kind of de-risking and waiting to see what trump
says on wednesday so we got some things happening before then um found this this morning just like
up things that are happening upcoming next week and there's a bunch of stuff so
stuff a bunch of stuff to look forward to let me pin pin it up for you guys, and we can go over what's happening next week.
We have Godzilla Games as we're listing on Binance and others.
We have Dapp Portal.
I don't know what that is.
That's launching on the 31st.
A bunch of just random products are launching on the 31st.
Binance is shutting down their P2P cash zone, something unmarshall arcadia zion we have some mints
we have steady teddies um maybe me bear reveals what else we got next week we have uh eternals
which is um good things and polymask collections so there are some stuff that's happening right so
i don't know exactly what's going to happen on Wednesday.
Kind of looks like the market doesn't know either.
I thought there may be some insider trading here.
Maybe people will be expecting that.
But it looks like, you know, traders went home for the weekend.
And they're just going to wait until Wednesday to kind of decide what they're going to do next. It does look like Trump's going to go ahead with the pretty hawkish tariffs.
It does look like Trump's going to go ahead with the pretty hawkish tariffs.
And so I do think the market possibly will capitulate based off that.
So not looking great, but, you know, things can change.
We were showing the chart yesterday that if we broke like 84.4, that we're going down to like 80.
So we're still above like a total market cap sitting nice.
So we're still above like a total market cap at sitting nice.
But it's not looking great for us to kind of have a recovery here and break like 93K.
I do think possibly go down lower, test the lower lows, and then we have some buyers down there and some buy orders.
Then we possibly kind of make our way back up after we kind of know what's going to happen with the pair next week.
So not looking great, man, but things can change. kind of make our way back up after we kind of know what's going to happen with the pair next week so
not looking great man but things can change that's part of like having to do in the market makes it worth it or fun you know in my opinion when you can have either d5 games right d5 dungeons
is coming out there's actually d5 on vera d5 on sonic there's nfts to look forward to so
that's the kind of stuff that makes the market, at least in the time, pass.
Did you see my live stream where I broke down that thread of everything?
The white paper came out for DeFi Dungeons yesterday.
It's kind of everything, everything that you basically can do in the game.
And there's this one NFT that you can buy called the Bankers.
They have like three
different characters that have warrior madge and marksman and then have bankers which is only 250
in the collection and it cuts all the trades in the loot exchange so they get 10 of every
thing in the loot exchange that's going to be a rare ass n NFT. 250 of them and you get 10% of everything that happens in the game?
Man, that's the one I'm looking for, dude.
Kind of like the dragons, right?
And wizards and dragons or the wolves and wolf game.
Yeah, so they have heroes, which are playable characters,
NFTs on Solana.
They have two types that launch.
They have adventures, which is warrior, madges, and marksmans.
They fight monsters and farm gold, which is the token that we did the pre-vault last week.
Then they have bankers. Take a cut up of all trades in the loot exchange. Only 250 in the collection.
So the progression, it starts novice grind dungeon raids and quests to level up and gear up.
They have combat equals power plus vitality and equipment. Higher level, better
chances of tougher content and better
loot. Cap is at 100 at launch
and higher for expansions.
They have dungeons,
core gameplay loop, fight bosses,
earn loot and gear up. Each dungeon requires
a key. It takes 15
minutes per run.
Better combat levels equal better chances.
Your combat levels is where you're going to go train.
If you have like good combat, you'll have a better chance of completing this 15 minute run.
The end game dungeons carry a death risk.
So if you go into some of like, it's like an end game dungeon and you die, your NFT gets burnt, which is fucking nuts, dude.
So I don't know if I could burn forever or if it's just burnt.
It's burnt probably to make it deflationary i mean that's that's an element is these d5 games right it's is the risk worth or you know is the the fruit worth the squeeze kind of thing well doesn't
that create a strategy where you would misinform your friends so you can create their you know
i'm saying like could you see a strategy where you misinform people on how to run the dungeon and to burn their NFTs
so it makes your NFTs rarer?
So I was like, people are going to, like,
start fucking people over to burn their NFTs
to make the collection rarer and make it deflationary.
I was just thinking about that yesterday.
People are going to be chasing the bankers, bro.
Not the, I mean, you can kill off as many pawns as you want,
in my opinion. They're going to be
chasing the loot and the bankers and
the ones that get a slice, right? The passive
income opportunities. The characters
are just means to an end, in my opinion.
Yeah, and then the
dungeons are the ones that you actually
sort of like beacon, where you actually move your
player. It's 15 minutes long.
And then they have quests, which are
idle mode, which are for
chilling and grinding. Send your heroes to passively farm dungeon keys, loot, and claim
rewards anytime, hourly, weekly, no pressure. So it's kind of interesting to have two kind of
game styles. They have one that's more active, and then they have one that's like an idler,
which I think that kind of fits both, you know, participants in this space. We have whales,
and then we have degenerates. You know, whales just buy a bunch and go sit it and farm it. So I think that's cool. They
have loot and gold. Loot equals non-equipable items that you could sell at the tavern for
gold. And then gold is a core currency used for gear, upgrades, training, summoning new
heroes, and staking. Loot value changes daily based on supply and demand. So I guess you
go and you discover and you
can buy loot and then you can convert that loot into gold and then that gold you can do training
to upgrade your hero you can summon new heroes and then you can stake also that gold for uh more
more rewards the training grounds is where you guys are going to do to do the 15 minute like
runs so uh the training grounds you boost your hero stats and talents.
Train power, vitality, fortune, luck.
Passive time-based training.
Buy stats with gold.
Unlock talents for custom builds.
Specialized like glass cannon equals high risk, high reward.
The tavern is where the economy happens.
So that where you go find that loot around the game,
that's where you're going to sell the loot to earn gold.
You can stake gold for a share of sink revenue, is kind of cool and then bankers which we talked
about earlier earn passive income for all trades only 200 bankers exist they collect 10 of daily
emissions which is nuts if this game goes parabolic bankers are gonna make a
bank and then they have items they have three types of items you have equipment boost boost
stats classic pacific they have loot equals sell for types of items so you have equipment boost boost stats classic
pacific they have loot equals cell for gold and unique which is rare items with special bonuses
your invention your adventurer can wear six items you're gonna have head body legs boots and weapons
and miscellaneous and then summoning and raids summon new heroes at the tree of life using gold
raids equal group based in-game content with top tier loot
and both coming post-launch then they're gonna have nft marketplace inside the game where you'll
be able to buy and sell and list and purchase heroes um and see stats gears and talents and
then they have a is the mint the mint that they're doing for the actual characters themselves
yeah yeah yeah how is that like do you know the total supply of the characters and all
that kind of stuff like do you have them i think it's like 11 000 it's like 10 between 10 and 12
000 i don't know exact number i think it's a little bit over 10 and it's all rng um for that
right like you can get a banker you you can get random ass adventures i would guess yeah i would
guess that it's just like...
I just didn't know if certain ones were
only accessible through in-game
upgrades or stuff like that. Like through
playing the game and you leveled up
to become a banker or
something of that nature. Combination
of how much money you actually hold
plus an asset.
Just pontification again.
I think the banker would be just more passive.
It probably doesn't,
you can't probably use it in the dungeons.
It's just kind of a way you hold the banker and you earn rewards.
I do think the three other characters are the ones that were going to be
active and possibly burnt and killed.
I don't think that you'll be able to burn a banker because I don't think
they're a playable character with inside the dungeon.
I just think they're kind of like a passive character that just like rewards
you for staking
rewards and stuff.
So I think it's just like you hold it and you just
earn rewards. I don't think you actually play it.
Because when they say the playable characters, they list
the first three and then they list the banker
as more of like a passive reward NFT.
Well yeah, because I mean
imagine sending them into the dungeon risking them
dying or something. I would never do it. You know what know i'm saying like why would anybody send it if you're just
passively earning 10 every day to make there's like no why what's the point so uh yeah i thought
that was interesting and they have a defi dungeon uses a faucet based model so limited gold emitted
daily distribution via loot sales higher tier loot equals more gold encourages progression and prevents inflation.
For the first six months, all tokens spent in game besides percent to referrers will be burnt.
After this period, 50% of the tokens will be recirculated to reward faucet and 50% burnt.
So in the very beginning, it looks like it's going to be deflationary.
So for the first six months, all tokens spent in game will be burnt so that's going to be great for the tokenomics for the first
six months and then they have expansion based scaling each expansion based max level new
dungeons and raids new gear no economic reset just forward momentum first expansion level 140 cap six
dungeons two raids so that's pretty much the guy went through the white paper that was released
yesterday and did a little thread of all like the little details you need to know.
So I figured we'd read it. I read it last night, but you know, this game's coming out next week.
So I figured we'd get a, do a TLDR on it and make sure you guys are all aware of all the,
like the little integral details of it. So it's gonna be fun, man. I think it's pretty interesting.
It's big. It has multiple things to do. You can idle, you can own a banker and just passively do it so that's good for whales and then for active people that want to do stuff
on live streams that are degenerates they can go do um the battle um the dungeon battles for 15
minutes and you also do raids where you can team up with other people and uh you know earn more
loot if you do team up with other players so it has a little bit of all the people with lots of money.
Do you know how much the Mint is?
The actual Mint? Do you know how much the Mint is?
I haven't looked at that.
Let's see.
If you're sitting on a computer, maybe you
could search it or something.
It's probably going to be in gold.
Yeah, I'm going to check it out right now. See if I can find it.
Because that was the one thing for the characters itself, how much
that was.
Yeah, if you could find that, let me know. I didn didn't even find that it's a good question of how much that how much they are i think there's i think the majority of them already accounted for
um i think there's probably only a few thousand that are actually available to mint from my
understanding i could be wrong on that so if you go into the discord maybe there's some information
on what the sale to mint i think the cement is on the it doesn't say yeah it is on the 31st dungeon list guaranteed
whitelist phase will run for four hours until 2 p.m eastern it starts at 10 p.m or sorry it starts
at 10 a.m eastern and will run till 2 p.m eastern and then monday the 31st, right after the Guaranteed, will be the
first come, first serve.
It is $325
per character,
all phases.
$350 per character?
$325.
What do you think about that price?
I mean, it's a Ponzi game.
So, I don't know know typically the the base level asset
isn't necessarily worth that much right i mean 325 that would put bankers probably fetching a
three to four x premium on that a little bit over like a grand area right i mean it all depends on
the flow of the game and how the price of gold is. That's one thing that I wanted to check, and I'm going to probably pull up right now,
is just has gold since recovered as we're going into the game?
Yeah, pull that up.
I mean, when I was playing Petroleum Land, they had four different lands you could buy.
You could buy one for like $5, you could buy one for $20,
and then like the top tier ones were like 150 bucks and 250 bucks so it's kind of in line with kind of how these games play these ponzi games of having
like four characters or four plots have like an entry-based one that's cheap where a lot of people
can play for like cheap for 20 to 40 bucks and then you have like the higher tiers for people
that have you know bigger bags and stuff that's 30 million right now that's actually pretty good
it got all the way down to 20 i think after launch so it's kind of grinded it was way back up to 30
yeah after launch it was at 20 and then it's roughly at 29.1 million uh in the last 24 hours
it's up uh roughly eight percent remember the game goes live in two days so the 31st so you
will need gold and the asset.
That's another thing that some people aren't really understanding, right?
That gold is going to facilitate you buying tools, buying gear, buying all of that.
You can earn the other token, like X was saying, and burn it into gold.
But if you have gold, it's a head start, right?
So I can see the price of gold even going up if you just want to spot buy some gold and not even bother you can probably make more money buying
$325 worth of gold bro uh than risking it and getting a shitty ass uh regular like soldier
because only the 250 of the bankers are probably going to demand that much more of a premium right
so i might play just a gold spot price and uh when
everyone figures out that they need gold to actually play the game uh sell them yeah and
like obviously when the game first launches just like a club everybody's gonna be playing and you
guys heard that in the first six months all the fucking gold's gonna be it's gonna be deflationary
so in the short term actually in
the first week i actually think maybe buying gold and looking for the price to go up based off the
supply and everybody kind of playing the game right off the bat and then burning a huge supply
in the first week could pump the the gold price instantly so i mean we saw that with the oil token
like that might be the easiest thing i mean playing the the plots is cool
but that's too high of a price tag to like gamble for uh only 250 supply right of the of the ultra
rares the ones that are going to require or guarantee you a premium if it was a 50 character
you know we we can go over there and put you know three four hundred dollars into the machine and put the 325 into the machine and see what comes out right but one spin on the fucking you know
slot machine for 325 dollars is a bit much at least for me right some people won't think so
but it's not necessarily i'd rather play token price yeah and just think of the announcement
of like we just burnt 5.3 billion dollars or million of the announcement of like, we just burned $5.3 million worth of gold.
People are going to see that in FOMO and go buy more gold,
and it's going to be a big push for the token.
So I actually think if you're not playing the game,
I actually think the gold price would probably go up in the first week
just based off more people playing the game
and just a marketing campaign of their burning the supply right off the bat.
People will typically get used to that announcement and not you know price it in but in like the first
few times they do it uh people will be pretty excited and kind of fomo into the token so
i actually think i might probably buy some gold and uh just kind of play that game and see you
know and probably sell it within the week and see if i can make any profit that way so that's kind
of what i was going to do um we've been talking about kura kuru exchange which is uh kb works for them and i was telling you guys yeah and i was telling you
guys about those uh those little easter eggs on top of the on the pro mode and it looks like there
is going to be something for those and they just left an announcement um a few hours ago. So within the next 72 hours,
if you haven't already,
make a clob monster on our site,
link in the bio, top right corner of ProMode,
connect your ex in Twitter and reply to this post.
There have been rumors and hints
that these clobs have something to do
possibly with their token
or kind of show you like their NFT for their thing.
So go make a clob.
You can get traits i have like
one that has like all epic traits so basically just connect your socials and post it under there
and there's i don't know what's going to happen but uh they're telling you to do it in the next
72 hours so i would go do it it's not hard it's pretty simple if you don't have a club get a club
i do think there's going to be something with this as like a reward when they do launch their
kuru token when monad goes main that.
So just want to throw that up there. I had mentioned it before, but now they're even saying it within the next 72 hours. So do it this weekend. It's not hard. It's pretty simple.
And you can equip them with multiple things. So like you can go on the exchange and you could
trade meme coins. You could create meme coins. It's just like a regular like Jupiter exchange.
There's testnet tokens in there you can fucking lose all your
testnet tokens or you can put it into a daily daily runner and make a bunch of testnets so
are you still going somewhat hard on monad or keeping up with that
but kuru i i do like like two or three of them i picked i do fantasy top i do kuru
and then i do luco are kind of the three things I'm doing on Monad right now
um Well, yeah, I mean you definitely got to pick some doing that whole like every day doing a whole
I used to grab a thread and just do everything that the thread said every day. Yeah
Um, you know just have your own loop and you know some things you're gonna qualify for others you're not so
Okay. Yeah, that's what I was I was also also talking to Dan, Migs, Josh, you know,
all the people that were somewhat early to the bear thing and what,
what their strategy is. Right.
And a lot of them are passively adding the monad in there. So we'll see.
Yeah. What up, Jit?
Yo, what's good, fellas?
What's good with you, bro? What's up? Happy Saturday.
Happy Saturday. Yeah. I don don't know i'm just chilling
um dude you guys like there's so much shit that we should be farming right now you guys probably
are doing all of it i'm not doing any of it like i have i've had tari on my to-do list for like
months now you know what i'm saying yeah the crazy thing is tari is probably the easiest one out of all of them literally
tari is the is the one i mean it's literally one click mining for normies yeah so yeah you
download that and you just i mean you turn it on and that's it you don't even have to do settings
you don't have to do anything like that it comes with pre-built everything for you inside if you
just want to use what they give you it's not going to be the best but definitely can at least get you going you know what about mega
eath ah baggy they said that they're not necessarily farming i think that that's the
interesting part i don't know where the hell oh x probably uh got home from his walk but yeah mega
eath according to bread right they said that they're not giving any kind of rewards or incentives for users to use the platform. It's more so for the protocols themselves. And then if the protocols want to give out whatever their allocation is or whatever kind of tokens they receive for building on the platform, then it's that route.
building on the platform then it's that route but it's not gonna be like yo i swapped a billion
times and i individually get some mega he's like dropped to me right it's gonna depend on who i was
swapping and them allocating me some oh okay i was talking my bad dude i was i actually went to the
bookmarks and hit the x out of it um we've been talking about like these uh on mafia or not mafia but uh petroleum land how I've been farming these petrogyms and I was kind of wondering
like I haven't done a big deep dive into Sonic and how the airdrop uh went but this guy made
a thread earlier this morning and kind of broke down what's actually going on with Sonic and how
it actually works with this airdrop um I'll go down it's kind of far down into the thread. Let me hold up someone.
So Sonic, it's called FeeM, is kind of how this airdrop is going to happen. It's called FeeM
generated 300k. So basically, Sonic FeeM is YouTube style revenue sharing, but for dApps.
Devs earn 90% of the gas fees their app generates.
No need for VC funding or sustainable token launches.
So what happens is they generate all the fees.
And then on June 1st, Sonic is going to give the dApps the Sonic.
And then since the devs earned all the fees and have the Sonic,
then they distribute the tokens and their point systems on their dApps
is from my understanding how it's going to work.
So it's like the Sonic points update.
So earn PP by holding whitelist assets in your wallet.
Activity points earn AP by liquidity support.
2X points for holding
assets. They have app points, which are the gems, are part of the S airdrop to reserve for dApps
via gems. Devs can redeem gems for S, then reward their users through their own points program. So
every points program is going to be different on each dApp. On Petroleum Land, I am farming
petrogems. So I was kind of under the assumption that these
might be one to one, but it's up to each dap to kind of distribute the points how they want it.
So really just getting into the weeds here of how this actually works is
it's basically incentive model for people to build the daps and then all the revenue,
90% of the revenue goes to the devs. then once the airdrop happens they give sonic basically
releases those tokens to the devs that had the most active users and then the basically the
dApps distribute that sonic to who has the most points is how it's gonna only issue with that is
like those motherfuckers rock right that's one of the biggest that's what happened on bera uh with the grand conquest game they were awarded their rfa allocation um and then they just rug
and afterwards there's nothing to do because the allocation got given to the dev team
uh in full right it wasn't a vested or anything like that it was used for obviously growth and
development of the dat so
it's given to you as a lump sum but yeah i mean i guess that's the only underlying ultimate fear is
that the app receives it as a payday and uh hits you with the piece yeah just kind of three different
kind of there's three different points system they have active points, which are called PPs, which they earn PP by holding
whitelisted assets in your wallet. So you can earn points by holding whitelisted assets in your
wallet. So that's one way to farm the airdrop. They have activity points, which are called APs.
Earn AP by providing liquidity on supported apps. 2x more points than holding assets. So that would
be like farming Shadow Protocol.
You'll get active points, AP points.
And then app points, which are called gems,
are part of the Sonic airdrop to reserve for apps via the gems.
Devs can redeem gems for S and then reward their users
through their own points program.
So there's three different ways to earn points for this airdrop.
And then that's kind of what I wanted to get into. So I just like there's, we all talk about, oh, you got to farm this, you got to do that. Like these are the ways to earn points for this airdrop. And then that's kind of what I wanted to get into.
So I just like, there's, we all talk about,
oh, you got to farm this, you got to do that.
Like, these are the ways to do it.
If you are interested in farming Sonic,
the airdrop is going to be June 1st,
which we're now getting in April,
which is two months away.
So get to it, dude.
I do think this is going to be pretty lucrative.
And Sonic's just heating up, dude.
Like more and more big people are talking about it.
Andre Coyne is talking about a algorithmic stable coin that he's talking about releasing so got a lot
of people uh literally talking about this in tvl skyrocketing so i know you know chief's into bara
and we could all just circle around bara or we can all go to different chains and be you know
expert over there and then bring our research here back to the TDA.
And now as a community, we're well-versed
in us all just focusing on one chain.
So I don't think it makes much use for us
to all focus on one chain because we create blind spots.
So for me, I was like, I could go here on Sonic,
but MIGS and DIN and Chief have this handled.
Why don't I go venture on a new chain
and bring a little more value where we wouldn't have before?
So that's why I've been dabbling in Sonic more
is just to bring more value
where we had a blind spot before.
So I would suggest more people do the same.
Do you feel like it's worth it though?
Like in terms of the opportunity costs and the APRs?
I mean, dude, there's some,
I mean, it's not even,
there's no way that you can explain it.
I'm talking 130k APR pools.
Some are showing 1.6 million, like ridiculous printing going on, you know?
So that was, I guess, just my question to you.
Is it, is it in a sense worth it or not having a stack to be able to move in and out of those things
i think i mean they're they have like sonic or shadow has crazy ap wise for oil and stuff so
it's just kind of finding where they are like yes bear chain has great stuff too is i just i just
don't see them as like pick one or the other i think they both have but they are competitors
that's the reality of it i mean whether you want to say it or
not or whether we agree i mean they're competitors they're both trying to take the defy chain name
so to speak right and then if you look at that then you look at tvl and just inflows and and just
a money and stuff like that like one has to incentivize the other because if you're competing
in the same market eventually you're
gonna one's gonna win right or or overshadow it and that's kind of what we've been seeing with
the inflows into bara and that's why i'm wondering like if if that sustains do you think there's
enough attention or people or builders that would rather do it there than just go where they're
getting let's just say 1 billion a week of inflows or whatever it may be.
I mean, I guess it's coming.
I think with Sonic right now, we really don't know how it's going to work because there's an incentive in two months, right?
Like, it's really hard to understand if people are here just farming or if this isn't actually community building.
just farming or if this isn't actually community building i you know from my experience in web 3
this is all just people lying and just for the airdrop yeah yeah i guess you can't even tell
if there's actual demand or not right but just like looking at like the metrics the sonic has
more app revenue than sui arbitram and bear chain which much less of a market cap so there is people
building there are people building dApps and we all know, you know, retail and people actually want things to do. And so I do think it
has a chance. Andre Cornier is well-respected. And so I do think it has a chance, but I really
don't. Yeah, because it's app based makes sense because there are no real necessarily apps on
bear, right? It's all just defy and pools and liquidity and there's
that connections to protocols but you're just connecting to some type of staking or liquidity
pool right it's not an app for you to go and play a game or have fun i think there's like one or two
there's like that barrage game or some shit like that i mean they're trying to add that but right
now it's just gamified defy yeah exactly and i you saw that with uh i keep
bringing up petrol land just because i've done a lot of research on them petrol land was on
arbitrum for the past two years and had a fun game but really there's no active base over there and
they bridged their game over to sonic and i think that was interesting because it didn't take a lot
from the do it they're both on evm chains and it was pretty easy to bridge that whole thing over there. So with struggling dApps on other
chains that actually aren't getting a lot of people to FOMO into, the fact that Sonic is giving 90%
of all the revenue to the devs, I think is an incentive to actually bring fun things over to
Sonic. And we all know fun things bring people onto the chain. So I think that Baruchain is more kind of like old school DeFi,
DeFi summer 2022 where you stake and you earn crazy rewards.
I think Sonic's more of a gamified way of playing DeFi
is kind of where I think that kind of how it changes.
So I don't know.
I think they're just kind of different use cases.
I think both will be fun. I don't think one will be, I think, I don't know i think they're just kind of different use cases i think both have both will
be fun i don't think one will be i think i don't know i just think they're both going to be here
and for us to kind of sit here and pick sides i think is kind of not going to bring the community
the right way i just think we both kind of spread out and we just bring as much information about
these two chains to the community and let them decide where they want to go and
where they want to spend their money so that's kind of how i'm gonna take this i'm not gonna
say well bear chain shit or i don't give a fuck about bear chain i think bear chain super interesting
i just think as as a community we should just be looking at more things and spread out and just not
be concentrated on one chain all the time and uh and let where people want to go and let let the
volume and let the the progression and let the
builders decide you know what what takes stands and what and what people want to fuck with so
it's kind of what i was looking at this morning just kind of looking at stuff and bear chains
fucking going crazy too dude like it's really great to have like bear chain doing well the
fact that we you guys have been early on it in the past seven days, total addresses plus 57K. Total transaction count,
plus 11 million. Contracts deployed, plus 22K. TVL, up 300 million. So all the numbers on Baruchain
are looking great. Proof of liquidity went live. We have Mibera had their Dutch auction or one of
their pre-sale and it went crazy. And then we have SteadyTeddy's on the first.
So a lot of momentum for BarraChain.
And it's finally getting β the market's finally catching up of what it actually provides.
And the great thing about the Daily Alpha is you guys already knew about that before the market priced it in.
So you guys could have got in like me and along at $5.95 and be riding this whole way up
because we understood what the market did and understood before anybody else.
So that's the love, and that's the love and that's what you know we do have the daily alphas
you know get you guys into these things and understanding before the market prices it in and
that's what happened this week dude it's it's been a just an upturn on barra anytime we have other
chains you know going down to price bear chain continues to grind up and showing crazy strength
and kind of this uh this vile till market bro so shout out to y'all dude you guys have been all over it i've been
asking tons of questions and now all this is coming to fruition and now we have steady teddies
next week and uh i don't know next week's gonna be fun dude as much as trump's gonna put a kibosh
in it on liberation day on the second i still think you know next week's gonna be fun and uh
i think we're just kind of getting out of this muck.
And after the 2nd, I think we kind of just start building up.
And I think May and June are going to be pretty great months,
in my opinion.
It's all lining up for the summer, bro.
It's all lining up for the summer.
Buy in May and go play, dude.
DeFi summer.
DeFi summer all over again.
I haven't had a fun summer ever, dude.
I haven't had a fun summer ever dude like i always i haven't had a fun summer since i got here i think i came in and missed nfts uh in 2021 that summer and then
the past three summers have been complete ass so i'm ready to have a summer that's active and
going on dude it's been it's been complete crickets the past three summers bro so let's fucking go yes sir what up migs what's up
brother hey guys bmbm someone say bear chain yeah bro how are you how are you feeling about it oh
feeling good so great so good you know these things in express i think very rarely in life
at least for me come together where it's just you're i'm just not used to being right this
much of the time you know i'm always used to being right this much of the time.
I'm always used to being wrong. And, uh, you know, everything that's kind of happened on
Barra has really been, as we've talked about on, obviously on the show and others, it's just,
it's a, it's a real breath of fresh air, man. And again, I think we're just still so early.
Um, there's so many things happening, so many things, um, it just, there's a lot happening,
you know, you really got to pay attention.
I think what you said is so important.
There's no way that I would have been able to focus on Barachain
if I didn't know that you and others in chief
and everybody were kind of out there in the trenches
checking out all that other shit.
Just when you opened the show with that game
you were talking about, that Grand Conquer,
or whatever it was, not Grand Conquer,
not the rug, but the $325.
Yeah, man. DeFi Dungeons. I, but the $325. Yeah, man.
DeFi Dungeons.
Like, I'm super interested in that sort of shit, man.
I get down on those type of games.
And I was like, whoa, what is this?
You know what I mean?
Like, I count on you guys so much.
And, you know, Den has been focusing a little bit more on Monad lately.
And he's been keeping me up to speed and really, you know, keeping me honest there.
And just without the community, I would literally have zero idea what's happening.
Cause I'm just so dialed in on Barra.
With that,
some things I think you should keep your eye on the guy that folks keep an
eye on.
Deke just did their NFT men.
It was a Freeman.
The floor,
I think is like two or three Barra.
It's probably worth picking one of those up.
But if you do,
you're going to want to play the game.
They have a telegram game,
Shake to Earn. It's really kind of interesting. But that game, in line with the usage of their
site with the NFT, they got a really, really big RFA allocation, like one of the bigger ones.
I think it's over a million dollars in total, depending on the price of bearer, of course.
But that's one you want to keep your eye on.
The community is really cool, too.
They're a good group of folks, a lot of fun to kind of hang out with.
They're constantly doing like little games.
You play like carts together, like they have like a DJ stage where you like vibe and listen to music together.
And, you know, they're just kind of a chill little thing.
But they're finally starting to get going.
I would recommend if you're going to, you know, dip your beak there, throw a couple bear at that NFT if you don't already have one
and play the game. The other thing that's kind of popping off time sensitive is if you got IBGT,
you know, everyone's rolling around with that with infrared right now. And there's something that's kind of opened up where you can, you can stake it in origami and get ORIBGT. And it's an auto compounder. Their fee is pretty,
pretty moderate considering there's no in, enter or exit fee. And it's only a 1%
that they charge on top of the rewards you gain, right? So you get 99% of the awards and they take
1% and they auto compound it for you.
But the second half to this that no one's talking about is you can take that and you
can put it in D2 and they've got a 2X bear strategy that they're launched yesterday.
It's only open for another, I think, 36 hours or if it fills.
They're only taking 25,000 tokens, 25,000.
It's almost halfway full, I think now.
And both of those guys have, again, big RFA allocations.
The Origami one gets you 10 time points and D2 also.
They both got, I think, 100,000 and like 120,000 Barra tokens, respectively.
So I'd be playing with that.
I've been looking at it this morning.
Again, it's time sensitive.
So if you're into IBGT and you want to auto compound it,
I would definitely take advantage of the origami one.
Now, whether or not you put it and you just sit on it,
let it auto compound and take advantage, that's fine.
But if you want to play with it a little bit,
I would definitely take advantage of that D2 one.
That's kind of the
hot alpha that's uh that's working right now that's what's up can you post a link to the top
uh uh uh this bearer doesn't know how to do that chief uh i've done that
if you tell me how to do that i would be happy to yeah yeah just send it you can send it to me
or just click the little arrow the little post up or whatever and then it should share by a post um let me see what it looks
like it's a little arrow that that's up on the right right as if you're going to send it to
someone and then just click the little microphone that says daily alpha when it shows up so it says
message uh then i messenger instagram all that kind of shit, that pop-up?
Yeah, I'm on mobile, so I have share via post, copy link, or share via, and another up arrow.
All right, that's cool. I had a question.
I saw this from BarraSearch, and I was kind of not informed on how bribes work.
work and i was just like maybe you're up here maybe you can explain it to me so i can understand
And I was just like, maybe you're up here, maybe you can explain it to me so I can understand.
so he's saying that let it never be said that uh harry potter osama ten inu which has actually
bridged their whole token over the bear has short-term outlook applying bribes on bear
chain for five years at a time just wrap bear slash bitcoin 0.02 bgt 242 percent apr incentives
1.3k that's proof of liquidity that's what proof of liquidity is, is the bribes.
Okay.
So how does the, how, what, what's the point of this going bribed for five years?
Like, is this something?
It's a, it's a troll.
Okay.
I was like, is this something serious or is this a troll?
I'm just trying to figure it out.
He, he really did.
They did do it, but they're bribing with pennies basically.
Right.
Cause you know, like you see, Ohm is bribing like 260 000 a week right and everyone's just fighting for this for pol for
the bribes and these guys came and said hey we're not gonna bribe for just a couple days and like
a huge amount of money we're gonna bribe for the next five years but it's like i don't know like
10 cents so basically with the pol uh express, remember we said that you get to shop around and people
fight for you to delegate towards them. And that's what it is. So the bribes can expire
as little as one epoch, right? They can change it at every epoch, which is roughly around four
to five hours. And afterwards, some can be extended obviously longer, they can continue
to add more bribes, et cetera.
And so on that dashboard that's posted in the TDA Discord and the one we shared on the show yesterday, I'll actually add it here.
And the cool thing, it got implemented directly into Barahub.
So you can go and check it out and it actually tells you when the bribes expire.
Right. So let's just say you're in a pool that the bribes expire tomorrow,
right? So you could potentially, if they don't re-add a bribe to that same pool, if the validator
decides to point their, let's just say, power somewhere else, anyone who's still in there is
eventually or is basically going to be caught on a deflating APY.
So if you saw that they're going to disperse or they're not going to add any more bribes,
right, or that their bribes expire, you can either move your position and that way you can
are set up for the next or a different opportunity. Or you can then take advantage of, hey, when this
pool deflates, I can buy cheaper tokens because there's not that much of an inflated APR or APY on this because they're not dedicating any
validator power to it. So it just becomes a tool for you to make better decisions and just see when
quote unquote the expiration date for any kind of extra incentives are.
for any kind of extra incentives are. Chief, you're really on something there. We had a pretty
in-depth space with Napzilla and Tez and Fent yesterday about this. Pembe was on there too,
and really got in-depth about this validator discussion that you're talking about because
it's so strategic if you really want to maximize it. And it's a double-edged sword, right? Because
so many people don't even understand the surface level, much less some of the dynamics you got into. So
a lot of folks are kind of intimidated by it, scared by it. You know, no one wants to invest
a bunch of money into something they don't, they don't understand. Right. So it's kind of a thing
of, okay, do you take the time to really break this down, right? For folks that, for bearers
that can't read right or do you
just hey listen you know i tried my best and i'm going to take advantage of this and the folks that
get it just eat like crazy because because right now yeah we're eating like crazy over there and i
don't know that it's going to slow down it's it's really a special time um well because there's so
many ways to slice the pie right i think that that's the beautiful part about this gamified loop is that there's specific parts. There's BGT, which is, let's just say, the underlying power source. only emitted one way. Okay, cool. And then you continue to build on this
gamified experience all to just interact and trade tokens. So you have to come and set up the setting.
You have to understand the environment that you're in because it's not a traditional
staking and forget it. There are options like that, right? Dolomite and a couple other ones.
And then there are slowly new protocols that are coming up, which are literally that. Deposit your money,
we'll auto compound, we'll do all this crazy gamified move left, move right.
I can't see a reason why I would go into any of these pools that just do all this auto compounding
shit for me. I mean, obviously,
I don't have maybe the size to sit back and want to do that. But dude, this is what makes it fun,
is every day getting to choose a different spot and modifying my own personal strategy. And you
know what I'm saying? Like, it's what makes us different than any kind of DeFi experience that
we've had before. So if I want to go back and just do the same shit, yeah, of course, I can throw my money in there and auto compound and
just be very chill. And oh, here's a stables pool. Here's that. But this was designed for you to
explore, right? Ultimately, get inside to a pool, you get a pool and a vault, and then someone's
rewarding you and you get to move around and shop. And if you want a traditional DeFi experience, I mean, that's already offered to you.
There's no need to even do that on Barra where you don't know where other people can get a leg up, you know?
Yeah, it's again, to your point, if you're the adventurer, you want to learn, yeah, auto compounders aren't for you, right?
You want to be getting in there and figuring it out.
If you just don't have any time at all and you know hey this is a great opportunity and and obviously if they're doing it like each one's
different but a lot of them do it like every six minutes right take it sell boom take it sell add
right you're gonna make more than if we just did it on our own like whatever our cadence is right
every six hours every 24 hours whatever but but would you even if the amount is that little
well to your point you you need size, right?
Yeah, because that's the thing, too.
It's like, in reality, this auto compounder stuff sounds good.
But, I mean, no disrespect to anybody out there, because I got small pools, too.
But, I mean, if we're playing with $200, $300, $400, $500, $500, even a grand, let's be honest.
You don't have anything to really compound every six minutes, fam.
You don't have anything to compound every hour
even you know yeah no it it changes the game but the big thing is the rfa right because the people
that are doing them if they have an rfa allocation you're getting points now okay let's do it right
because now you're gonna pay me right in order to take part so that's the one that tips the scales
is when you're actually going to get right right, a little something on the kickback. The other thing that you mentioned
with the validators, you get punished too, right? There's a punishment there because it's the four
and a half hour, right? Four to four and a half hour when you decide to change pools, right? That
you're unboosted and you're not earning anything. So you really got to pick your horse, right? And
same with the validators, right? If you're back in a horse, right? And same with the validators,
right? If you're back in a valid, it's more important to the validators for when a pool
dries up, maybe for us, right? For them, because if they aren't on top of it, and now they're
delegating the BGT to that briber, and they're not getting any bribes, the briber still gets the BGT.
So I've been watching and you'll see some, I don't want
to say predatory, but some kind of tempting bribes where some folks will throw out like $3,000 bribe
over like one day, right? And it's going to dry up instantly, like 20,000 bribe. It'll be
gone in two seconds and validators that are, let's experience, will point to it and grab it and eat
it up. But now that four hours that it takes them to unboost, those folks are still, through the bribe out, they're still
getting that BGT, even though they're not giving everything. And some of the validators, the less
savvy validators have fallen for it. So if you're watching and you're like, okay, but the real savvy
ones know what's up, they won't even do it. But I've seen a couple of them bite, man. I've seen
a couple of the validators, oh my God, look at this. No one's doing it. I'm going to
quick grab this 20, 30 G's. But again, they're not thinking about that four hours it takes for
them to unboost it to go to another pool and that that briber is eating. So it's really starting to
get interesting. Yeah, but more and more opportunities to where if you want to participate
at a more passive level are coming out.
Ultimately, the chain, this whole proof of liquidity system is literally a week old.
I think the chain is 40 days old.
So all somewhat new and novel.
But this is when you want to get involved in any kind of DeFi Ponzi.
I mean, it is what it is.
Quote, unquote, it's a Ponzi.
It's good when it's when it's hot, but you ride till the wheels the wheels fall off they will fall off i'm letting you know that right now don't matter how good and
the mansion's nice remember the wheels stop turning at some point right so i would just
check it out uh just for the intricacies if you want to get involved and just have a little bit
of fun it has been fun to manage these positions manually and play around um but hey to each their own right um go ahead be frank yeah i'm not to be a dead horse but
yeah the whole bear chain thing has been it's been fun uh it's so much in that ecosystem to
like and to to get involved with and uh in my opinion i mean i think we're barely scratching
the surface right because like even nfts aren't really getting uh that involved yet but it feels
like that's something that's going to be coming soon as well and then uh with that like i've in
one of the barrel chats i was telling the guys the other day i was like like starting to get
analysis paralysis just because there's literally so much to do.
And then it's like, yo, like, where do I want to store my stuff at?
What, like, what do I want to farm?
You know, like, what, what do I want to take part of?
So I've been trying to like move, make small moves here and there.
And then just, you know, trying to, trying to learn a little bit more each day.
And then just, you know, trying to learn a little bit more each day.
One thing for me, like with the BGT farming, I was looking at it and I got a little bit turned off because I'm boosting some of the validators.
But one of the things that I was noticing is that the incentives that they give you back, which is great, you know, depending on your strategy and stuff like that. But for me, it was, you know,
you're getting a little bit of different tokens,
which again, depending on your strategy,
could be good for you.
But for me, I was like, ah, you know, like,
I don't want to have a whole bunch of like,
small amounts of different tokens.
I want, I would prefer one token
or I'm just getting that.
So I complained.
I complained to Ste steadies and all of
them for it and they said that they're gonna work on building an auto converter because i told them
i'm like look bro i mean i had same shit i had 15 worth of incentives only eight dollars were
and the other 750 or whatever was just literal sense of bullshit added up all together and I'm like yeah, it doesn't sound like a lot
But you know your mints 88 bucks
You're losing out on literally a tenth of your mint because I got bullshit
I mean ultimately I don't know if that's their route of being a you know a tacker or builders like that sense
Teddy's themselves
But that is something that people are looking into is some type of like
auto come like i don't know compounder to where i can check off what i'd be willing to accept
and then what to convert all into because i did take roughly about a 50 percent uh haircut on my
incentives not a haircut i mean i got it there but it's literally like cents on the dollar for
10 tokens you know yeah? Yeah, exactly.
And so, yeah, that's what I was going to say.
It's like, that's why I've been, for me,
I've been farming like a IBGT just because it gives me that, like, you know,
that one token that it's like, okay, like I can focus on that.
And I have to worry about, you know,
letting that build up or converting it over or anything like that.
So yeah, just wanted to share that. Again, it's been pretty fun.
So if you're not involved
and you're looking for something to do,
definitely check it out.
I think you mentioned it, Chief,
where it's like you don't have a lot of money.
It's really hard to farm this protocol.
But you mentioned this earlier this week with Mibera.
It's like owning one of these NFTs
maybe for $300 to $1,000, whatever it is,
is kind of like
your way if you have low liquidity to actually get some skin in the game here because it's probably
going to be riddled with airdrops and and shit so it's like if you don't have a lot of loans bro
they're doing everything but like that's one of the cool things that they're at least doing is
that they're allowing it almost looks like every nft so far to be able to kind of take a loan or
at least in that ecosystem take a loan against it so even if you don't have a lot of scratch you can be in the eco still get airdrops and kind of
play with like they want you to learn how to take loans utilize your money and come back
pay your loan you know what i'm saying and use your money yeah 100 we got michael up here and
we'll throw it to him um wayfinder we've talked about like how the end of q1 they're to do their TGE. And I was basically saying it's probably going to happen on the 31st.
Well, they came out and basically went over their Q1 2025 TGE. We know everyone is excited for
prompt to go live as we are approaching the end of Q1. This Q1 target has been planned for us
since the governance vote. We've been working incredibly hard to make this happen, but this
is taking longer than we hoped for the necessary items to come together optimally. To ensure that everyone
in our community experience a fair and smooth launch, we have to extend our target gate up to
approximately a week or two. We don't take this lightly. We have value of feedback from our
community, and we value that our community voted and expected CGB to be at the end of Q1. We're
asking you for the trust us while we continue the press for the best experience for everyone and just wanted to bring that up because
we're for you guys have to hold this money inside this wayfinder wallet until the tge to get actually
get prompt so i'm basically telling you that you're gonna have to hold your money in this
wallet for another two weeks minimum is from my understanding so just wanted to bring that up to
you guys we were kind of speculating on it being next week so it looks like they're gonna extend it for and look if y'all
need the 60 bucks i will loan you the 60 so you can get the airdrop and we'll we'll figure it out
later you know i'm saying like go get yourself the airdrop if you really need the 60 bucks like
i mean tap in and i got you um i did this is gonna be like one of those airdrops we talk about
and everybody gets in and literally it's less than 60 so be like one of those airdrops we talk about and everybody gets in
and literally it's less than 60 so it's just like at this point i'm not but you can get it back
that's my that's my thing that i'm not worried about anything or you know it's literally locking
it up so to speak but at any point you can go get ten dollars out if you need ten dollars
you might not qualify and get the biggest airdrop, but you can get that money back.
So that's why I'm like, it's virtually free at any point you want or need your money.
Get it. But you have the underlying, hey, you're not going to be included in the airdrop if your money is not there.
But I did invite Michael. It's talking to him when he dropped his thread last week.
I did an ultimate security thread
that really just covers everything.
I think Allison also included it a couple times
in our weekly recap,
just as a resource for anyone that's reading the recap.
So appreciate you for coming out, Michael.
And hopefully we can get a little bit more alpha
on what you guys are cooking with the cards
and just MetaMask in general.
So welcome back to the TDA, my man.
Appreciate you for taking the time. How you doing? Doing good, doing good. Thank you for the
stage. Big shout out to the Daily Alpha and the host and you guys putting this together all the
time. It's great content. And yeah, released that ultimate security thread the other week.
Most people in crypto, I should say most people in general, even in web too, just don't care about security. You're not going to care about your
files being backed up until you lose your files. You're not going to care about your wallet getting
drained until your wallet gets drained. So for those that want to be proactive and not deal with
those scenarios, check out that pin thread at the top. I tell you exactly how to set up your devices. I tell you exactly what antivirus to use, what VPN to use.
Everything is in one layman thread that's super digestible, super easy to share, especially
to people that you're onboarding into crypto.
A lot of people get onboarded into crypto under the pretense of making 100x, and they're
not told about things to look out for so that they can keep their 100x if they even get
to that point.
So it's unlimited alpha in knowledge, unlimited value in knowledge.
And yeah, I'm all about my cybersecurity.
So if you're following me.
All this shit's worthless, right?
You can make it all.
If you don't have a way to protect it, I mean, it's in a sense virtually worthless.
And I mean, for those of you guys that don't know either, he's not just talking as like some random like MetaMask ambassador wallet guy.
It is because of WalletGuard, right?
An old and older dedicated security system for wallets and then now got integrated inside MetaMask.
So it's not just, hey, it's a wallet ambassador, someone here sharing.
It's a lot of these features are included in metamask but also he
comes from a security background that can give us a little bit of extra sauce then hey put your
ledger on a piece of paper or don't take a picture kind of thing yeah exactly let me ask you a
question michael what's the future of wallets look like i've been talking about this for the past week
we see wayfinder and defFi app basically having these AI
agents that are going to be in the wallet. I'm saying that by the time retail gets here,
and that's probably like a year or two away, every wallet is going to have an AI agent
attached to it. And then we're starting to see with the ETH upgrade, there's going to be,
you know, gasless fees and we have smart wallets. As someone that works with MetaMask,
where do you see the future wallets? Are you on the same page that every wallet's going to have an agent attached
to it to help onboard retail and this security thing is going to be a no-brainer because the
ai is going to walk them through this in the future and there's not going to need to be threads and
and us to walk these new people into it so i just want to get into like something that works in
wallet and security what's the future of the wallets look like maybe a year or two from now? Yeah, this is a great question. So
to me, a wallet is the future of an operating system. So in the future, you're not going to
need usernames, passwords, email addresses, or any sort of, you know, web to data set,
you're actually going to be holding and managing all of that in a wallet that you self custody that you control now the future of
wallets when it comes down to it is eliminating friction from the user
making it easier for people to get onboarded removing native gas tokens and
making it so that you can automatically transact in the token that you're
transacting in getting rid of seed phrases and private keys so people don't
have to remember or store that information and instead it uses account abstraction and eip 4337 um automatic network switching
michael just question on that relying on a third or second party uh system like a one pass or a
passkey or not so much just off of blockchain backups? No, no. You're still, hold your own keys.
You're not relying on any third-party system.
Okay.
Yeah.
The point is to self-custody.
So what I'm trying to say is that right now,
when you want to onboard someone into crypto,
you got to tell them 500 things to remember.
You got to tell them, hey, get this security extension.
Make sure you write your seed phrase down offline.
Don't click on these links.
You need a gas token for every transaction. You need to do this. The future is you want to jump into crypto,
takes a few clicks and you're in and everything is automatic. There's automatic bridging and
swapping. You get native yield on your assets. You're earning rewards on your transactions.
These are a lot of things that MetaMask at the wallet level is looking at revamping. Over the next couple of months, there's going to be a full UI and UX
revamp of MetaMask, as well as a performance overhaul, especially for mobile. And we're
releasing a lot of multi-chain architecture. So we're adding support for Bitcoin. We're adding
support for Solana. We also have gasless transactions. So you no longer
need a gas token. It's going to use the native token that you're actually interfacing with.
And I mean, automatic network switching, there's all these features that are coming
that focus on the user experience. And when it comes to MetaMask, it's a nine-year-old wallet.
The code base is nine years old. It was built as an EVM wallet. So we might move a
little slower than other wallets, but it's because every layer of MetaMask we're looking at at a
security and privacy preserving level. And I think that's the two things that users just don't care
about until it's too late. But I think now since we have all the infrastructure ready and we focus
on the UX, the improvements that are coming are gamechanging. I mean, dude, you want to talk about Bitcoin side of things,
and not to scare any of the ordinal people,
but none of these wallets are open source.
I want y'all to understand that, right?
Unless you are using Sparrow,
unless you're using Sparrow, that's it.
That's the only wallet that you can look into on the Bitcoin side of things.
None of these wallets have open source quotes.
So something to keep
in mind too it's i uh huh yeah i just i i agree i was just like for most retail their first
experience of crypto is downloading a wallet so i feel like the wallet it should be a portal
for explaining web3 i mean it should there should be something they're helping these people along
and you guys i don't know if anybody remembers this.
When I first bought my PC and I downloaded Windows 98 on it, I opened up the browser and there's a little guy, a staple guy there.
That was basically I could ask any questions on Windows and he walked me through it.
And that was my first experience with the computer.
Yeah, that was Clippy, bro.
His name is Clippy.
That was an AI agent, pretty much.
Basically, you ask any questions on the operating system, and it'll walk you through how to do it.
I think that needs to be implemented in the wallets for retail, because there's no way these people are not going to get scammed if there isn't someone there helping them along the way.
Their first experience is the wallet, bro.
Yeah, of course.
Of course.
And this is why something that we've also got coming is having guardrailed experiences for users so that everything about a network is discoverable in one place.
All the dApps within an ecosystem, all the available airdrops and claims, any of the sites, the games, the NFTs, everything is now streamlined for the user.
So they don't have to go and do their own research and get wrecked.
They don't have to go and do Google searches and end up in Discord channels that are compromised and clicking on the wrong things and believing the wrong people. That should
be handled at the wallet level. The wallet becomes the operating system. And this way you're
eliminating not only all the friction, but you're also reducing fund loss incidents drastically
because you're keep. Yeah, no, go ahead. I was just going to add a comment on that about just
being in the wallet and how much of a tool that is, right?
I mean, as someone who's been doing a lot of the Barra stuff, and I transitioned to Rabi because of that.
I mean, I saw things of where I have it staked that I don't, I mean, I keep physical books, right?
right? And then, you know, notepads and stuff like that, Excel sheets, but, you know, going
And then, you know, notepads and stuff like that, Excel sheets.
through this whole DeFi and staking and locking shit up and not remembering, and then just having
that ability in the wallet to do just chain analysis and show me, hey, you have $1,000
to be unlocked in three months, right? It's in this platform. It's in this protocol. And I mean,
I thought that that was awesome, right? I think Ravi is the first one that I saw do it. Ultimately, I'm pretty sure you're going to go down that same route and
eventually have everything displayed as well. But it was just one of those small little features
that made me switch because it was like, wow, that's a little bit of peace of mind that even
if I, for some reason, don't update my Excel sheet, that's not money that i'm potentially losing or it's just
kind of in the wind right and then on the metamask little portfolio thing that tab as well i mean
after being a user on metamask for two or three years early run now going into that portfolio you
say oh i have a little money on this chain oh i have a little money on this chain so that was also
a cool little tab that you guys had yeah yeah i mean think about it like when users right now they want to do most actions on
dApps you know you're kind of piecemealing an experience you got to go from website to website
or one wallet you're using might not support that network or vice versa so just think about being
able to streamline all of that directly at the wallet level the in wallet experience i mean
that's how you change the game when it comes to like interfacing with anything, right? So, so if you're
able to perform all of your staking and claiming assets and seeing eligible airdrops, as well as
values on what you currently have staked out there and what your compound is like, all these things
need to live inside of the wallet so that the user is actually more comfortable and it incentivizes the user to do on-chain actions because you're doing it in an environment that you know is guardrailed, right?
It's like the ultimate win.
Yeah, and I click links from inside my wallet rather than like, you know, anywhere else.
I can literally just go and it says, hey, you're staying here.
I click there and it takes me to the vault or the page that's automatically associated with it.
Oh, I do stuff in the wallet.
Incentivize me.
Win MetaMask token.
I'm just joking.
What's up, Naveen?
What's up, brother?
What's up?
How are you guys doing?
Happy Saturday.
Happy Saturday, my guy.
What's up?
You got to comment on some wallets?
I'm curious.
Yeah.
Yeah.
You know, look, I mean, I first want to give a shout out to the MetaMask team because they work very hard.
And I know it's easy to kind of crap on them because, you know, the UX has been painful historically.
But I think when you're running a product with as many users as they have, it's really challenging.
And I think people are kind of unforgiving.
The one question I do have, though,
is as it relates to onboarding,
is something that I've not heard talked about yet in this space,
but I think is, frankly, the biggest problem,
which is sort of the thing that no one really wants to talk about
because it hurts their bags,
is the KYC process so in metamask
today it takes last time i did it it was around 25 steps to go from setting up a brand new fresh
wallet all the way through kyc all the way through to buying eth and um and you know the problem
with these proof of stakeake products and protocols is that
in order for a new person to get in play they need to buy tokens first you know you can't
airdrop tokens to them because everyone's gonna get civil attacked and it's a disaster for the
protocols and mining isn't really a thing for any of these protocols
that we're talking about now. So you don't get the net natural anti civil from proof
of work. So as a result, we've resorted to combination surveillance tech and this like
overreaching regulatory compliance thing, which dramatically adversely impacts conversion
rates. So all the things we're talking about ranging ranging from pass keys to, you know, improving funnels and flows are certainly positive,
but they don't really address, I think, the actual meat of the problem,
which is asking a user to provide a government-issued ID and perform some sort of liveness check.
So I'd love to hear.
I mean, I even agree on that too, N said like for example i me being a crypto power user years in the space try to get
money for the omb mint uh earlier last year right and it was a substantial chunk 0.29 bitcoin or
whatever 0.21 whatever the fuck it was 20 grand and so having to buy crypto
out here as a normie obviously i figured it out because i'm not a normie and i have other routes
inside but it was it was impossible dude to buy anything over let's just say three to four grand
and not be stuck for a month or a week into some type of KYC hell or auditory process of checking it.
You know, there were just limits and thresholds.
And in reality, I realized that that's ultimately the true barrier.
I mean, we can get the wallet, we can get the security with enough coaching and talking.
But and then you get someone that's like, yeah, I'm sold.
I want to buy 10 grand.
Well, oh, well, shit, 10 grand.
That's not going to really work right now, man.
You're going to have to put that in and Coinbase will contact you within a week to check to
see if you can even buy 10 grand and then your money is not going to come.
And it's like, oh, OK, well, no, I'm good.
You know, and so in all honesty, like that KYC and the ability to get the funds is honestly
the hardest part out of all of this.
You can coach someone and almost walk them through or hand it over done every other
section, except when you have to buy actually buy crypto, right?
How does one get that without jumping through a million different hoops on this side of
things?
Yeah.
So this is a great question.
So obviously the goal is to reduce the amount of clicks involved when you're onboarding anybody. The thing is, is that at 99% of the time you're dealing with traditional fiat payment rails and there is some level of verification.
aggregators. So there's a lot of different options and different, you know, services that we show you
options for you because there's different fees and people have different jurisdictions and regions.
And there's all these compliance levels. You know, there's a lot of regulatory when it comes to
onboarding your fiat, which is, it's kind of a given, but here's the thing. Something that we're
doing, and this is something that we've actually introduced with the MetaMask card, is that you are providing at least a level of verification,
but that level of verification does not require us to know anything about you,
nor does it require anyone that you're interacting with to know anything about you.
So a quick example.
With the MetaMask card, you can earn up to 11% crypto back on every transaction.
So you're buying something with your crypto in real life and
getting up to 11 percent back and we're also enabling automatic yield within the next few
weeks because we're working with ave on that as well so um but now you're building a user how do
you get to the i guess the card michael so like for example me metamask user have metamask on my
extension right now what exactly is the process to being able to
do those things? What is the flow? Yeah, so if you have MetaMask right now, inside of MetaMask,
you can click on portfolio or the discover tab if you're on mobile, and you'll see the card area
where you can see if you're eligible, if you're in a supported region, or you could sign up for
the waitlist. If you are eligible, it's going through an intermediary called CryptoLife.
CryptoLife is making sure that you're just a real person.
You're not doing a credit check, and it's very minimal KYC in order to confirm that you're just a human being.
So this is not a card that's like a top-up crypto card.
It's not a centralized exchange card.
It's not a credit card.
It's actually unlike every other crypto card because it allows you to connect your
non-chain wallet. Now think about how that's different from
having an exchange card. If they choose to close your account, your money is
not your money. Your keys are not your keys. It's sitting on their exchange. So you could
be out in a foreign country and now you lose access to not only your funds, but
your entire account at a centralized exchange is closed down. The way that Metamask pulled off this partnership
with MasterCard and with banks, B-A-A-N-X, is that even if MasterCard or banks, or there's an
intermediary in between that requests more documentation, whatever the case is, you're
still your own keys. You're still your own bank, and you don't have to use the account, and you're
not risking the assets in your wallet.
So it's a little different.
Like everything that we try to do at MetaMask, obviously the end goal is for people to just use crypto and they're not to be traditional payment rails.
But until we get there, we need to have levels of centralization in order for mass adoption to occur.
When I first got into crypto, I was a DeFi maxi.
I was like, everything needs to be decentralized. There can't be middlemen in anything. But that's not practical for mass adoption, at least to a certain extent. And I
feel like we're in the Pong phase of crypto and blockchain. And I'm happy that mass onboarding
didn't happen so quickly. Because if it did, imagine 10 times the amount of people being here
right now, but the same
scam still existing.
I mean, it would be detrimental.
It would wreck people's backs.
And that would really destroy the sentiment of crypto and blockchain.
So I think the more time, the more developers that come in, the more layers that are built
out and ways to reduce the friction in between, that's the ultimate win.
And I think that we're really starting to get there.
It's going to take decades, but you got to start somewhere.
And I think this is it so you could essentially point your like funding source
to any on-chain wallet you can connect you can connect any eoa to the metamask card and be able
to use your on-chain crypto anywhere fiat's accepted so think about it like this like
sometimes people say well what why would people want to use their crypto? Well, sometimes people want to buy things
in real life. Sometimes they have to pay bills. So instead of dealing with off-ramping to a
centralized exchange, dealing with 3% to 7% fees to get it turned back into fiat, then having to
send it to a bank account, a checking account where that takes days for it to process.
And plus your checking account's not giving you yield automatically on your money.
Like they're giving you maybe 0.007%, 0.07% traditionally.
But the thing is, is that you don't have to wait or deal with centralized exchanges.
You don't have to deal with banks.
You don't have to deal with wait times or fees.
You could just use your crypto anywhere in real life instantly at over 150 million merchants globally.
Because we're using MasterCard as a settlement layer.
And it's actually doing all the finality instantly on the spot whenever you're turning your crypto into fiat, which you don't have to think about.
Go ahead, Naveen. Appreciate that, Michael. Go ahead, Naveen.
Go ahead, Naveen. Appreciate that, Michael. Go ahead, Naveen.
Yeah, look, I appreciate all that, but honestly, man, you're glossing over the KYC thing.
I can't change the requirements for KYC.
Well, hold on.
You have to work around it.
This is a more fundamental issue.
It's sort of like all my friends that run KYC gated flows report,
like really interesting metrics.
Like I'll share one with everyone here.
30% of people who attempted KYC upload a selfie
versus government issued ID,
even though it says clearly in the step,
upload government issued ID and shows an example.
You know, and this is the challenge, right?
Like everyone here is pretty sophisticated because we're all like native crypto people.
But you have to remember that everyday people don't read.
Like they literally don't read instructions. Like you could show them as many things as you want, you know, and put as much copy there as you want.
And literally these people don't read
um and so you know the thing that i just want to say about the kyc thing and and you know honestly
i'll just be direct it's pretty defeatist to say that like oh i can't change you know how things
work because if you think about how this industry was born and i'll just start with ethereum ethereum
was proof of work you know for most of its life It was only in 22 that we switched to proof of stake.
And the KYC element is actually a trade-off that's specifically tied to proof of stake
because you've taken away people's ability to earn tokens from mining.
So to say that it's impossible to solve the problem, I think, is frankly not true.
I'm not saying it's impossible.
I'm saying given the current environment and how we have to deal with
traditional systems,
a lot of it does require KYC. I agree
with you. Okay. And then
the other thing I just want to push back on
a little bit is, dude,
the world is moving so
fast. It's
unbelievable how fast the world is moving.
To say that it's going to take decades
to solve some of
these challenges, dude, the industry has to find ways to move a lot faster than that. We have to
be a lot more nimble and recognize where the challenges are around getting people in play
in the industry. And I'm telling you right now that this is like a major issue that we've kind of just said, you know, woe is me. It is what it is to require people to go through
20, 25, 30 steps in order to onboard into the space, inclusive of the KYC process,
inclusive of setting up a new wallet, inclusive of inputting payment details, inclusive, you know,
all the things they have to do to actually buy crypto in the first place.
I think we have to recognize a very simple basic fact, which is every step you ask a
user to take, you lose 50% of the users, every single step.
The conversion rate drops.
And that's a major, major, major impediment to getting people to come in,
participate in the ecosystem, and do what everyone wants, which is ultimately buy their bags.
So this is a huge issue. And look, again, shout out to you for doing the best you can with regards
to MetaMask and the huge user base you have and the responsibility you have from a security
standpoint, regulatory standpoint, all the other dimensions that you guys as a larger business have to contend with. It's hard to be
nimble when you're a larger business, but it is a huge freaking problem. And decades is too slow,
man. So really quickly, I'm agreeing with you. And when I meant decades, I'm talking about the
overall adoption of crypto. It's going to take decades. It's going to be decades before businesses start to understand the advantages of using blockchain or at it from a standpoint of how do we still preserve the fact that you are still owning your own keys
and how do we give the users more options right so one of the things that we did over the past year
was we enabled the ability for you to onboard your fiat using venmo you're already kyc'd on venmo
and there's it's a direct link so you know the more layers that we can introduce that actually let you bridge
your assets over from fiat into crypto using multiple different services, we have to be able
to give the user those options, but 100% agree with you. The point of all of this is to be as
decentralized as possible and not have to have 20 steps for KYC. We are getting it shorter and
shorter. Certain options for those steps,
like bridging over from certain services is actually almost no KYC because you're already
pre-KYC'd, which I think is a really big win. So the more partnerships that we can make with
traditional payment rails, the more that we can implement different companies that actually have
the ability to onboard your fiat into crypto. I it's going to take time but i'm happy that
we're like at the forefront of it and that we're actually doing it as legitimately as possible the
sec just this past month dropped their lawsuit against consensus which was like a huge win for
us as well so like we're trying as as quickly as we can to move in a direction that is going to
make it less steps i totally agree agree with you. And yeah,
I also do agree. Nobody reads anything. No one even listens to anything. I dropped that security
alpha up here before about easy wins, about things that you can do right now to lock your accounts
down. And this is a recorded space. People are going to be listening later on. And also there's
people here, over a hundred of them listening live right now. Probably one of you is going to do do what i'm saying the other 99 are going to wait until they get wrecked in order to even
think about being secure so yeah i do agree with you nobody listens nobody reads and if you're
bringing that web 2 mentality into web 3 you're also asking to get wrecked as you know uh naveen
like everybody in web 2 they hit yes allow accept agree on everything that pops up because they
don't read and they just want to get to the next step.
Same thing in this scenario.
And I think the more that we remove out of the equation, the wallet level handles the security.
The wallet level makes sure that the user isn't going to compromise themselves because now seed phrases and private keys are fully abstracted.
They're fully abstracted.
The wallet is doing the network switching, the handling for all these things.
The wallet is doing the network switching, the handling for all these things.
That's how we get to less friction, faster adoption levels, and also being able to maintain
privacy, which is one of the most important things at MetaMask.
Everything we do is open source.
It's audited.
We have MetaMask Snaps.
It allows developers to build directly in our product in a sandbox environment through
audits and also being able to be open source.
We have decentralized infrastructure network, DIN, which is something that a lot of other
wallet providers, a lot of other dApps in the space are tapping into so they can leverage
different validators, RPC nodes.
We also have ETH phishing detect, where we're submitting security heuristics to detect wallet
drainers that every other wallet is pulling from. And it's a public good that we do. There's a lot of things that are happening in the
background at an infrastructure level that we don't necessarily talk about on the timeline all
the time, but we are working on it at multiple fronts. And I can't agree with you more, Naveen.
I just think AI is going to be taken over. And I do agree, no one reads, but like how we've been
interacting in the space is going to change because AI agents are going to do a lot of our things.
And then AI agents are going to learn our attention spans and what we actually are attracted to.
And I feel like wallets and apps will transform into a UX that's more digestible for every user and unique to every user.
user and like unique to every user.
Because I think why everybody clicks through it is because the interface of
a screen that you have to scroll down 15 minutes to read,
people aren't going to read that shit.
So if you can find a way to have an AI agent do that for you and then transform
that information in something that's digestible for you and something that you
like always look at and that you get endorphins on would be a better way for,
I guess, digesting information in the future.
I think the way that it's been done
isn't the right way.
And I think you're right.
Like we are so used to just clicking and accepting
because look at it, it's shitty UX.
Like no one wants to read a small little box.
So if we could create,
if AI could create new UX and UI
unique to each person's dopamine hits
for people to learn
i think that's how we kind of get out of this but i do think everything's changing man like
i think a lot of this stuff is going to be transformed by ai i don't think it's going to
take as long to develop things with vibe coding and cursor so i think a lot of this stuff that
we thought that was going to take years might actually be sped up by the development of ai in
the future so oh i love i love that man, man. That's the thing right there.
There's a lot of people that were doubting AI when it first came out.
They said it's a bad thing.
We need to get rid of it.
You should actually embrace it and embrace it within your own business,
your own business model, your own space, whatever the case is,
because it can actually accelerate everything that you're doing.
I mean, not only for just developers,
but even for
traditional web two business models, you're talking about people that do commercial housing
or real estate. You know, they don't now have to have four different departments putting together
a marketing plan, putting together graphics and all these things. They can leverage AI in order
to handle a lot of that, that heavy, heavy lifting and kind of like minimize on the downtime. I mean, we obviously, you know, when we were doing WalletGuard, you know, a lot of the
security engine that we were building out, it was machine learning.
And we needed to be able to detect threats in the middle of the night where there's no
manual user input, but we're able to block a wallet drainer when there's like a scam
discord channel or like a scam Twitter page.
Like, how do you get to the point where you're removing the human element, but for the sake of the better,
because AI can also do some really fucked up stuff, you know, like it can actually, um, you
know, there's people that use AI to build out code. And sometimes that code is pulled from a
public repo that has something malicious inside of it, but the person building it using an AI model
would never know that because they're not technical. Right how do we implement AI at the wallet level without affecting, I mean, especially with
MetaMask, we got over 35 million monthly active users. A single change makes a big difference.
It could break something. It could change the user experience. So we really have to
tread very lightly when we're talking about making major UI UX changes.
But I think what's coming over the next few months is really going to get people excited.
It's dope.
It's dope.
We appreciate you guys coming by the Daily Alpha.
We're going to wrap it up.
Appreciate Michael for stopping by and going into the security.
Naveen, B Frank, everybody that came out and to the show.
We host a space Tuesday through Saturday from, you know, 10, 15 to 12.
We appreciate you guys stopping by.
Chief, do you have anything else you want to go over before we end the show?
Just last question in terms of the cards, Michael.
I know that you said that slowly they're being pushed in terms of sign-up, beta, etc.
And then eventually, is that just going to go, quote-unquote, like live one day
and everyone is going to be able to have access to them?
Or is it going to just be a gradual and slow rollout for anyone and everyone?
Yeah, so we're actually ramping up the rollout pretty quickly.
There's already 30 regions supported, including the US, including the EU, UK.
And then by the end of Q3, we should have Canada, United Arab Emirates, Dubai,
most of Africa. And then we're targeting Southeast Asia as well. So by the end of the year,
it should be completely global, but you can check to see if you could get the virtual version right
now. You can add it to your Google or Apple Pay. You could connect your on-chain wallet. You could
start earning rewards using your crypto in real life immediately. I mean, since I got the metal card, I use the metal card for everything. I don't use my credit
card because I'm actually earning more rewards using my crypto than using my traditional fiat
accounts. I mean, it's a no-brainer. To a certain extent, you get to the point where you don't need
a bank account because now you are your own bank,
you own your own keys, you're earning yield, and you're getting rewards on every transaction. It's like having a debit account with credit rewards, except you're the bank. I'm living in
2035, guys. It's such a crazy feeling to be able to pull out a card where I'm not even touching
anything traditional and I'm actually like you know doing something a
little differently that no one knows about yet but starting to find out right so yeah because
i mean i've been on bit refill for years right and that's dope and that takes bitcoin and you
get kickbacks and you get you know crypto back and all that kind of they have all the rails
right referrals everything but at the end of the day you're still stuck like if I want to buy something that's
$320 at Walmart, I got to buy a $300 gift card and then a $50 gift card Right, right and then you know, that's how we get 350 and then I got to now keep track of a gift card a virtual
You know and stuff like that
so just that concept of this is the one step further of simplifying that and making it direct so oh for sure
for sure I'm gonna pin it up to the top just so people have a direct link to get more information about the card.
But that's the thing, man. It's like you're not dealing with sending your crypto anywhere.
You already have it in a non-chain wallet. It's there.
You're not dealing with it potentially being locked up by a third party because it's not theirs. It's yours.
potentially being locked up by a third party because it's not theirs. It's yours. I think
that's a good point. BitRefill or other cards, when they're top-up crypto cards,
you're still not your own bank. You're still sending it to a third party. And there's also
a lot more fees that are involved, which I think is obviously a big deciding factor for me as an
on-chain user. I don't want to deal with wait times.
I don't want to deal with high fees.
I want to get paid for using my crypto.
And I think if people actually look into it,
because every user of the MetaMask card is Sybil resistant,
there's already proof of humanity involved,
any projects can actually tap into the user base
and give additional yield and rewards
from a community basis. So you're eliminating bots and farmers from the equation when you're
a community that's choosing to tap into MetaMask card users without having to know any of their
information. You at least know that they're real people. You don't need to know anything about them.
We don't need to know anything about you, right? You're still maintaining privacy.
Just imagine your MetaMask airdrop going directly to your metamask card it's going to be epic so i
appreciate michael coming out and sharing all the metamask token information i'm just joking
obviously but i could see that you just said it bro like you're gonna have other projects send an
airdrop to the card like oh we're gonna i love how i love how you started saying that and you
muted me so i can't i didn't mute you chief muted your ass and then you talked saying that and you muted me. I didn't mute. You chief muted your ass.
And then you talked over it because you're a fucking hacker.
I don't know.
How'd you do that?
Yeah.
Yo, I just hit mute everyone because he was going to end the show.
But, yo, he started talking through the mute to get, yo, shut up.
That was wild.
I know there's been tons of fucking, you know, cloud on the timeline.
But, you know, when they had the MetaMask fucking pre-market thing.
Hey, look, there's no pressure. There's no pressure'm just saying look we we bullied open c i'm just saying
i don't know how long y'all can hold out but we bullied open c heavy and hard for years so
eventually you know we can get there so let the wallet wars continue bro because it's gonna make
it better for all the wallets in our retail.
Yeah, I mean, we get to we benefit because we're the users, right?
The actual power users of this stuff.
So we're the ones that truly benefit from this.
So, yeah, man, I like that.
Appreciate you for stopping by and appreciate it as well.
And be frank.
Good.
Appreciate you guys.
I have a live stream tonight and tomorrow.
See you guys there.
9 p.m. Central.
Chief Endit.
Let's get out of here, my guy.
Appreciate everybody that comes to the TDA.
Appreciate you guys for learning something with us this week, right?
We had MetaMask and Michael come through today.
We had MapleStory earlier in the week.
We had Eventful Week with Barra and Proof of Liquidity going live.
So a lot to cover, a lot of alpha.
Check the thread that comes out after the show.
Everything that we talk about, everything that any opportunity is pinned and included in there for you to use as a resource when you're doing your own research later.
We do this Tuesday through Saturday, 1015 to about 12, 1230, just depending on the conversation.
It's TDA or Stay Poor.
We'll catch you guys on the stream tonight.
Y'all be safe and have a good rest of your weekend.
