Show Notes: 00:00 Introduction and Background about StandX and DUSD (why build together?) 02:15 Evolution and Challenges of on-chain DEXs 08:15 User Needs under Current Market Dynamics 12:32 Product Design and User Experience 16:41 Other Perp DEXs 21:15 Risk Management and Regulatory Environment for Perp DEXs 24:58 Market Competition and Strategic Positioning 30:08 User Feedback and Product Iteration 34:18 Summary and Outlook X: @StandX_AG / @StandX_Official Website: https://standx.com/ If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Show Notes: 00:00 The Journey of Self-Reflection 02:41 Understanding Failure and Fear 05:25 Defining Success and Failure 07:56 The Role of Trust in the Industry 10:13 Navigating the Crypto Landscape 13:03 The Evolution of Crypto Ventures 15:33 Lessons from Early Experiences 17:55 The Importance of User Value 20:44 The Impact of Market Dynamics 23:14 Reflections on Airdrops and User Engagement 26:01 Navigating Challenges in the Crypto Space 29:09 The Future of Crypto and Personal Growth 38:34 The Call for Decentralization 41:18 Building Jupnet: A New Era in Finance 43:59 Innovations in Authentication and Sequencing 48:49 The Multi-Chain Future: Embracing New Opportunities 51:06 The Role of Empathy in Leadership 59:54 Personal Growth and the Importance of Vision 01:04:06 Studio and the Challenges of Launching Projects 01:15:17 Focus on Building Strong Brands 01:17:44 Navigating Support Frameworks and Expectations 01:20:05 Leadership and Community Engagement 01:23:00 The Importance of Sustainable Project Support 01:26:18 Reflections on the JOO Token and Community Dynamics 01:36:26 Rebuilding the Token Narrative and Community Trust X: @weremeow / @JupiterExchange Website: https://jup.ag/ If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Show Notes: 00:00 Opening and self-introduction 01:23 The development history of Layer 0 04:37 Market competition and partners 06:47 Investment and market dynamics 09:26 Future outlook and strategic direction 16:33 The relationship between capital and the “interstellar arena” 19:10 Challenges of consolidation and the management environment 21:22 The impact of STG and market changes 24:05 Voting mechanisms and team participation 26:57 Buyback plans and use of funds 29:36 The development and future outlook of Layer 0 32:37 Comparison the experience working with PayPal and Plasma 35:45 Future challenges and opportunities X: @PrimordialAA / @LayerZero_Core Website: https://layerzero.network/ If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

02:04 Crypto Journeys: Soju and Zhen's Backgrounds 04:27 Understanding Meteora: Current State and Future Vision 06:49 Lessons from Mercurial: Token Migration and Community Support 09:30 The Trump Token Launch: Behind the Scenes 12:23 Positioning for Future Celebrity Launches 14:59 Governance and Vetting Processes in Token Launches 17:46 Dynamic Bonding Curve: Innovations and User Experience 20:39 Dynamic Liquidity Market Maker: Features and Advantages 23:24 Challenges and Future Developments in DLMM 26:02 The Role of MET Token and Community Alignment 28:32 Revenue Utilization and Buyback Philosophy 31:10 Metrics for Success: Focusing on Fees 33:45 Future Vision: What Will Meteora Look Like in Six Months? X: @MeteoraAG./ @0xSoju / @realdezen If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Show Notes: Chapters 00:00 Introduction and Background of Lighter 02:26 The Launch of Lighter and Its Features 05:25 Transition from Private to Public Beta 07:56 Trading Volume and Metrics 10:37 Open Interest and Volume Dynamics 13:31 Incentive Programs and User Engagement 15:56 Points System and User Behavior 18:42 Future Developments and Season Two 21:27 Verifiable Matching and Liquidations 24:09 Fee Structure and Token Philosophy 24:45 Retail vs. Professional Trading 27:12 Fee Structures and Trading Tiers 29:00 Latency and Advantages for Premium Accounts 32:43 Order Flow and System Verification 35:40 Single Sequencer Challenges 38:46 Auto-Deleveraging and Liquidation Processes 41:33 Criteria for Asset Listings 43:25 Community-Driven Regional Strategies If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Show Notes: 00:00 Sahej's Journey into Crypto and DeFi 01:41 Building Avantis: Vision and Strategy 04:40 Choosing Base: Strategic Decisions 07:12 Market Dynamics and User Engagement 09:48 Innovative Trading Models at Avantis 12:30 Liquidity Provider Innovations 15:29 Tokenomics and Community Engagement 23:42 Strategic Buybacks and Growth Focus 26:22 Balancing Token Holder Incentives and Team Sustainability 29:00 Innovative Staking Mechanisms and Risk Management 31:12 Leveraging AMMs for Unique Trading Features 34:12 Scaling Open Interest and Market Maker Incentives 37:10 Governance Dynamics and Community Engagement 38:46 Navigating Partnerships and Market Dynamics 45:05 Future Roadmap and Technological Innovations X: @0xSehaj / @avantisfi Website: avantisfi.com If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

In light of the kick-off of Points Program Stage 3 of Aster I'm publishing this episode recorded on September 29, 2025 with Leonard, CEO of Aster, on Aster's value proposition, all things related to the token transparency, Aster Chain, and future plans 00:27 Leonard's Journey into Crypto 03:56 Defining Aster's Current and Future Vision 07:21 Aster's Unique Value Proposition 09:57 Governance and Decentralization in Aster 11:39 Leonard's Preference on Other DEX Products 13:39 The Dark Pool Design Explained 18:36 Tokenomics and Supply Dynamics 23:57 Genesis Stage 2 / 3 Points Program 28:16 Spot Trading and Liquidity Development 33:05 Postmortem on XPL Incident 35:31 Oracle and Tokenized Stocks 37:17 Token Buybacks Philosophy 43:04 Product Features and User Demographics 46:31 Aster Chain and Future Directions 51:02 Market Maker Program and Mobile App Development X: @LeonardAster/ @Aster_DEX Website: https://www.asterdex.com/ If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

In this hyper-casual episode (probably one of the most casual episodes I've ever had 😂) I invited Ogle to talk about all things Glue and America.fun 00:00 Introduction and Ogle's Introduction 03:58 Exposing Industry Crimes 06:57 The Vision Behind Glue 09:15 User Acquisition 11:41 Bring Older Generations into Crypto 14:44 Glue's Onboarding Experience 17:13 Technical Architecture and the Use of Substrate 22:44 Future Plans for Glue and America.Fun 33:47 The Unique Features of America.Fun 36:42 Relationships in the Crypto Space 39:39 The American Ethos and Its Impact on Business 45:14 Project Launch Strategies and Community Engagement 52:16 Criticism and Haters in the Crypto World X: @cryptogle If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

Note: there was a small piece (about 5 mins) missing from the recording (yes, sorry, Yoaquim rugged - he didn't finish uploading xd). If you want to see the full livestream, please go to: https://x.com/Mable_Jiang/status/1971575903491940630 01:34 Transition from VC to Building 04:22 Discussion on Quanto and Migration from OX 07:13 User Experience and Team 09:35 Handling User Funds 10:17 Choosing Solana as the Main Venue 12:28 Recent Market Events and Community Response 15:23 Design and Functionality of Quanto 18:05 Proof of Reserves and User Verification 20:35 Withdrawal Processes and Risk Management 22:22 Tokenomics and QTO Flywheel 31:13 Future Plans and Partnerships 34:02 Market Expansion and Asset Listings X: @yqboom / @quanto Website: https://quanto.trade/en If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

I haven't caught up with Santi for a while. In light of his recent raise I invited him for the first time to HODLong. In this conversation he shared a lot of his thinking about why he hop on to the founder seat and built Inversion. Full of genuine takes and insights - a highly recommended episode. Inversion is hiring! 00:44 Santiago's Early Interest in Crypto 05:07 The Challenges of Startups in Crypto 07:54 Inversion: A New Approach to Business Efficiency 11:14 Defining Inversion for Non-Crypto Users 15:19 Targeting Telecom and Financial Services 20:19 Interoperability and Existing Crypto Companies 26:36 Acquisition Strategy and Market Dynamics 36:08 The Future of Consumer Adoption in Crypto 36:53 Investor Dynamics and Strategic Partnerships 41:25 Acquisition Strategies and Business Integration 44:44 Target Markets and Regional Insights 49:53 Building a Sustainable Business Model 52:25 The Importance of Timing and Market Readiness 55:42 The Transition from Investor to Founder 58:24 Ego, Confidence, and Leadership in Entrepreneurship 01:03:41 Mission Alignment and Team Dynamics X: @santiagoroel / @inversion_cap Website: https://www.inversioncap.com/ If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

00:00 Introduction - Kyle & Forward Industries 05:13 Investment strategies & Why Kyle believes that the convertible and perpetual preferred structure works far better for a SOL DAT 07:54 SOL acquisition opportunities (from whom the SOL are from?) 10:22 Governance role and management team building 15:46 On chain yield strategies 18:27 Latest Take on SIMD-228 - an updated view on Solana native yields 24:12 Evolving perspectives on DATs and understanding the SEC Vision 25:22 Solana's infrastructure for global securities trading 27:50 Internet Capital Markets 28:54 Entertainment Finance: The next frontier; Pump & Kalshi 35:00 Some misses in the past three years 41:32 The job is not done Website: Multicoin.capital X: @KyleSamani / @fwdind If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。

I really enjoyed this conversation with Serpin Taxt, the cofounder of Ethos Network. Please note that this episode is recorded a month ago, so the information may be a bit delayed (sorry I was busy this month). Show Notes: * Early background and how Ethos got started * Review and discussions around Friend.tech * About negative review and slashes’ long term impact * The product overview * Scoring algorithm and its openness * Ethos’s incentive alignment design * Views on multi-chain * The potential demand of cheaper blockchain costs and the problem’s outlook * Potential DeFi integration in the prospect * The discussions about newly proposed rules * Cold start and high quality user acquisition problem Website: https://ethos.network If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin: 如果喜欢本作品，欢迎打赏ETH/SOL/BTC： ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20 SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。