# Getting to Know @Onchain_Matrix | Live AMA

**Host:** Lyss (@Lysss302) with co-host TEAONA (@TeaonaX) · **Guest:** Onchain Matrix (@Onchain_Matrix) · Fri, Oct 30 2026 · 45:41 · 3 speakers

## TL;DR
- First of a planned weekly series: an intro/educational AMA with Onchain Matrix, whose seed round opens **Monday** [30:09].
- The pitch is a **treasury-first** DeFi model — the project owns its capital rather than borrowing it, with seven revenue streams across crypto and real-world assets [20:03].
- Token is live on the Binance chain; **725M of a 1B fixed supply vested for eight years starting that day**, held with Magna (Kraken-owned), no mint function [30:09].
- Rewards are planned as **stablecoin airdrops, not project tokens** — the thing Onchain Matrix is most excited to ship [37:07].
- The previous day's ~$5B Binance hot-wallet incident came up early and shaped much of the security conversation [17:09].
- Lyss confirmed more content to come — videos, threads, clips — with this space as the foundation [41:26].

## Highlights

**[11:48] TEAONA makes it, barely.** The co-host arrived mid-space straight out of a nap: "I literally thought I wouldn't make it to the call... I just woke up from a nap. I was like, oh, Jesus Christ." He recovered instantly into host mode, reminding everyone it's Friday evening and to tag a friend before stepping out.

**[13:24] The founder's background.** Engineer by training, 20+ years in equity and financial markets, in crypto since 2018. He described the team as a blend of crypto-native, tech, and traditional equity people.

**[14:53] Origin story: getting fed up.** The project came out of a group of people who had each been rugged, hacked, or burned by a dev walking off with funds. "If we can find a project out there that gives us what we're looking for, we might as well build it ourselves." The stated goal: a model designed for the community rather than one where the dev makes the money and everyone else gets lucky.

**[17:09] Reading the Binance hack.** Rather than dunking, he put it in proportion — a large dollar number but roughly 0.5% of assets, confined to the hot wallet, much of it recovered. His broader point: no one is 100% unhackable, especially with AI in the hands of attackers, so you don't hold everything in one place. He added that every time there's a notable hack, the team tries the attack against their own protocol and patches anything that passes [18:38].

**[20:03] Treasury-first, explained for beginners.** Lyss asked him to break it down for people new to DeFi. The contrast he drew: lending protocols run on other people's capital, so a large LTV figure is also a large debt figure. A treasury-based project owns the assets outright. Revenue flows into operations, airdrop dividends, and buyback-and-burn — and whatever isn't used stays in the treasury so the next round can be bigger [27:07].

**[22:50] RWAs and "empty money movement."** The diversification case: tokenized stocks, commodities, FX, all reachable from one wallet. He flagged that stocks are set to trade 24 hours a day by December, and that nobody can personally watch crypto *and* equities around the clock — which is the argument for automation behind a diversified treasury.

**[30:09] The vesting disclosure.** 1B supply chosen to be big enough to avoid a bottleneck, with no minting ("when you can mint as many tokens as you can, that means you're gonna sell them in the market and dump them on us"). 725M locked for eight years via Magna, with team allocations to be announced. His framing: why ask holders to lock up if the team won't — and don't take his word for it, read the contract.

**[37:07] The airdrop he's waiting for.** Asked what he's most pumped about, he went straight to the first distribution: people seeing stablecoins hit their wallet and realizing there's nothing to convert or sell. Lyss built on it — token airdrops usually end in either a dump or "sell shame," and stables sidestep both. He countered that it might even be the opposite of backfiring: people get paid in USDT and buy more ONMX.

**[43:37] TEAONA's close.** He said the conversation validated most of his own research and then some, and made the point that new innovation usually gets ignored until it's already established — so hearing it sound big before launch left him, in a word, bullish.

## Topic timeline

| Time | Topic |
|---|---|
| [1:11]–[10:46] | Music, intro, waiting for the co-host |
| [11:48]–[13:04] | TEAONA arrives, engagement call |
| [13:24]–[16:44] | Founder background, origin story, why a different model |
| [17:09]–[19:29] | Binance hack, security posture, internal attack testing |
| [20:03]–[23:00] | Treasury-first model vs. lending-based DeFi |
| [24:02]–[27:52] | RWAs, 24h stock trading, "capital comes first" |
| [27:57]–[29:07] | Docs: light paper, deck, GitBook, Telegram, links |
| [29:49]–[34:06] | Build status, token supply, 8-year vesting, Magna custody |
| [34:16]–[36:13] | Team composition, Singapore base, Token2049 presence |
| [37:07]–[41:26] | Stablecoin airdrops, sell shame, solving community pain points |
| [42:20]–[44:39] | Closing thoughts, Halloween weekend, Monday seed round |

## Notable quotes

- "If we can find a project out there that gives us what we're looking for, we might as well build it ourselves." — Onchain Matrix [14:53]
- "Every time there's been a hack in the past two, three years, we take what happened and we kind of tried it out on our protocol. See if that hack happened to us, would it pass or not? And if it did, we fix it." — Onchain Matrix [18:38]
- "We don't ask anybody to trust us. We tell them, go look, look at the smart contract. Smart contract, don't lie. Simple as that." — Onchain Matrix [33:03]
- "I think it's when we actually send out our first airdrop. When people are gonna sort of like, oh shit, this is real." — Onchain Matrix [37:07]
- "Why repeat what everybody is doing? Right? You're not going to be any different. So what's the interest?" — Onchain Matrix [40:29]
- "I literally thought I wouldn't make it to the call because, you know, I've been on meds, so I've been sleeping the most." — TEAONA [11:58]

## Who said what

- **Lyss (@Lysss302)** — host. Opened with the NFA/DYOR framing, kept the questions beginner-friendly ("we might have some people here that are new to DeFi"), pushed for plain-English explanations of treasury-first and RWAs, pinned the links, and announced the weekly series this space kicks off.
- **Onchain Matrix (@Onchain_Matrix)** — guest and near-sole content provider. Walked through background, origin, security philosophy, treasury mechanics, tokenomics and vesting, team, and the Monday seed round.
- **TEAONA (@TeaonaX)** — co-host. Handled engagement calls, said his pre-space research had been answered before he could ask, and closed bullish.

## Worth a full listen

- **[17:09]–[19:29]** — the Binance hack segment. The proportionality take (big number, small share, hot wallet only) plus the "replay every public hack against our own protocol" practice is the most concrete security talk in the space and doesn't compress well.
- **[20:03]–[27:52]** — the uninterrupted treasury-first explainer, from the lending-vs-owning distinction through RWAs, 24-hour stock trading, and "capital comes first." It's the core of the pitch and he builds it step by step.
- **[37:07]–[41:26]** — the stablecoin airdrop exchange, where Lyss and Onchain Matrix riff on sell shame, hopium, and why paying holders in USDT might feed back into the token rather than against it.