Interview with Yoann Defay and Jeremy Dahan, co-founders of AssetSwap.ai
Intro
In a DeFi landscape where daily rug pulls have become normalized — and where DEX platforms generate fees even when users lose everything — AssetSwap.ai is proposing a radically different model.
We sat down with the platform’s co-founders, Yoann Defay (CTO) and Jérémy Dahan(CEO), to discuss why meme coin trading needs an AI-powered reset, what VibeFi really means, and how their tool is helping beginners survive in one of the most chaotic corners of crypto, specially in Meme coin markets.
Q1: DEXes like Pump.fun and Axiom are generating millions in fees — mostly from meme coins. How much of that volume do you think is actually “real”?
Jérémy:
If you define “real” as value created for the user, it’s probably under 10%. Most of the volume is raw speculation — users chasing hype without tools, getting rugged, and repeating the cycle. And guess what? The DEX still wins. They charge fees on every entry and exit. They don’t care who survives.
Yoann:
From a technical point of view, we’ve seen huge clusters of liquidity cycling between wallets and tokens created in seconds. That’s not real trading. It’s just noise designed to generate fee revenue — and it works, at scale.
Q2: It’s estimated that over 90% of meme coins today are scams or low-effort rugs. Why are DEXes still letting this happen?
Jérémy:
Because they benefit. The more chaos, the more volume. It’s not a bug — it’s their business model. They don’t want filters. They want frictionless pumps and exits. Retail is the exit liquidity.
Yoann:
They’ve optimized for throughput, not trust. It’s like giving anyone a printing press and not caring what they print, as long as someone clicks “buy.”
Q3: Are DEXes financially incentivized not to protect users?
Jérémy:
Absolutely. Let’s be blunt — protecting users would mean slowing down volume. And volume is their KPI. So when we step in with tools like AssetSwap that flag scams or recommend safer entries, it goes against their economic incentives.
Yoann:
That’s why they don’t integrate risk signals or AI scoring at the protocol level. It’s not profitable for them to slow you down before you ape in.