Billy Marsh

We've met the "front men" of Plasma ($XPL):
Paul Faecks (The CEO & Strategist)
Christian Angermayer (The Billionaire & "TradFi" Backer)
Lucas Tchejeyan (The CTO & "Bitfinex" Tech Brain)
But a 3-man army can't build a global financial rail. Plasma has a ~50-person "shadow team" of engineers and operators. The real story—and the real "TradFi" bull case—is not who the founders are, but who this "shadow team" is.
This team's background was revealed during the "$600M dump" controversy, and it's the ultimate "alpha."
1. The "Blast/Blur" Rumor (The "Bear" Case)
During the post-launch price crash, a powerful "FUD" (Fear, Uncertainty, Doubt) narrative spread: that the Plasma team was just the "ex-Blast/Blur" team, "recycling" a project. This rumor was designed to scare investors, as those projects were seen as "controversial."
This forced CEO Paul Faecks to "dox" his own team's pedigree to stop the rumor.
2. Faecks' Rebuttal (The "Real" Team)
In his public statement, Faecks confirmed the "rumor" was false.
He stated the team was ~50 people.
Of those 50, only THREE had ever worked at Blast or Blur.
But the real news was what he said next. He revealed where the rest of the team came from: a "murderers' row" of "Big Tech" and "TradFi" giants, including:
Google
Facebook (Meta)
Square (Block)
Goldman Sachs
Temasek (the "Sovereign Wealth Fund" of Singapore)
3. Why This "TradFi" DNA Is the Real Bull Case
This is the "institutional" alpha. Plasma's "compliance-first" and "RWA" strategy is not a "marketing" gimmick; it is a "cultural" mandate.
You don't hire from "Goldman Sachs" to build a "degen" memecoin casino. You hire them to build a "TradFi-grade" settlement layer. They understand "compliance," "risk-management," and "institutional" capital.
You don't hire from "Google" and "Facebook" to build a slow dApp. You hire them to build "high-frequency," "internet-scale" systems that can handle billions of users (like the "Plasma One" neobank).
You don't hire from "Temasek" by accident. You hire them because they are a "sovereign wealth fund" that is the "TradFi" establishment. They understand global regulation and "nation-state" level finance.
Conclusion: The Team is the Product
Plasma ($XPL) is not a "crypto" project being "shopped" to banks.
Its "DNA" (its team) proves that it is a "Fintech" project being built by "TradFi" and "Big Tech" veterans for "TradFi" and "Big Tech." They are not "outsiders"; they are "insiders" building a new "internal" rail.
This "TradFi DNA" is the clearest signal of their true ambition: to replace the old rails (like SWIFT) with their new ones.
@Plasma #Plasma $XPL
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We've covered how Aave on Plasma ($XPL) provides "over-collateralized" loans—you must deposit $150 of collateral to borrow $100. This is the "DeFi" standard, but it is not how the real world works.
"TradFi" (Traditional Finance) runs on credit. Real businesses (like Apple or a major trading firm) do not over-collateralize to borrow. They borrow based on their reputation and creditworthiness.
To be a true "TradFi" rail, Plasma needed a "credit" protocol. This is why its "Day 1" partnership with Clearpool ($CPOOL) is so critical. Clearpool is the "TradFi" engine for uncollateralized lending on the network.
1. What is Clearpool ($CPOOL)?
Clearpool is a "DeFi" protocol, but it's built for "TradFi" clients. It is a "permissioned" credit marketplace.
How it Works: Clearpool allows whitelisted, KYC'd, institutional borrowers (like "TradFi" trading firms) to open a "liquidity pool" and borrow uncollateralized (or "under-collateralized") stablecoins.
The "Lenders": Any "DeFi" user (like you) can act as the "bank." You can "lend" your stablecoins (like $USDT) directly to these institutional borrowers.
The "Yield": Because the loan is uncollateralized (higher risk), the institution pays a much higher interest rate to the lenders.
2. Why This Is a "TradFi" Killer App for Plasma
This integration is a "bullseye" for Plasma's "TradFi" backers (like Founders Fund and Angermayer).
It Creates a "Real" Credit Market: Plasma is not just a "payment rail"; it's now a capital market. It allows "TradFi" institutions to bypass traditional banks (like J.P. Morgan) and borrow $USDT directly from the "DeFi" public.
A "Capital Sink" for $USDT: It creates a "high-yield" utility for the billions in $USDT on Plasma. Lenders can now get a "real," non-inflationary yield for their stablecoins, paid by real-world institutions.
The "Permissioned" Layer: Clearpool's "permissioned" pools (which require KYC) fit perfectly with Plasma's "compliance-first" (Elliptic, Chainalysis) and "Swiss Foundation" legal strategy. It's a "walled garden" for institutions that lives on a "public" L1.
3. The "Risk" (The "TradFi" Contagion)
This is the "double-edged sword" of "TradFi."
The "Risk": This is not "DeFi" risk. It is "credit default risk."
The "Bear" Case: If the "TradFi" borrowing institution (e.g., a trading firm) "goes bankrupt" (like FTX or Genesis), there is no collateral to liquidate. The "lenders" (the DeFi users) will lose 100% of their money.
This is "real-world" finance: The yield is high because the risk is real.
Conclusion: A "Grown-Up" Financial Rail
The "Day 1" integration of Clearpool proves that Plasma's "TradFi" ambitions are not just talk.
While "Aave" (over-collateralized) is the "DeFi" lending pillar, Clearpool (uncollateralized) is the "TradFi" credit pillar.
By providing a compliant, high-speed rail for both, Plasma is building the full-stack "banking" infrastructure—from simple payments to complex credit markets—that "TradFi" institutions actually need.
@Plasma #Plasma $XPL
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