Solana is "NOT" going through the 2017 Ethereum ICO hype cycle . These takes are absolutely wrong — based in human desire to pattern match — like seeing faces in clouds.
If you were around in 2017, you know those ICOs were ideas at best — and the Ethereum technology was no where
Happy to share that we raised $430M for our 3rd venture fund, focused on the following:
- Proof of Physical Work
- DataDAOs
- DAO Tooling & communities
- Open Finance
- Web3 Infrastructure
- Consumer Products
- Creator Monetization
- Decentralized IP
#Bitcoin retracement makes me confident that its market microstructure is maturing and becoming more resistant to manipulation.
4 years back, an endorsement from @elonmusk may have sent it to moon before any meaningful retracement.
Time for a personal update. I have joined Multicoin Capital @multicoin as a Principal in their investment team.
It would have been impossible without the support of hundreds of people I interacted with from the global crypto community. A sincere thank you to you all.
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Eigenlayer is financial engineering. Financial engineering is great for transferring risk from willing seller to willing buyers. BUT
The problem with financial engineering is it only works if there is a thriving economy underneath. What I always say is Wall Street exists because
1. Thoughts on why Web3 organizations (DAOs) would become the most prominent way how humans and machines organize.
And why, Web3 while monumentally disruptive, is just the next chapter in the bigger story of the Internet.
1/ This is an excellent piece on $YFI (Yearn) by @RyanWatkins_ . Anyone who is looking to understand what is going on with YFI and yield farming, should absolutely give it a read.
Source: @MessariCrypto
Thread below 👇
Another long thread on DAOs.
There would be millions of miniDAOs. They would come together to form composable and modularized bigDAOs that would have millions of people working for them.
Thread 👇
1/n
𝐈𝐬 𝐒𝐨𝐥𝐚𝐧𝐚 𝐨𝐯𝐞𝐫𝐩𝐚𝐲𝐢𝐧𝐠 𝐟𝐨𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲?
SIMD-0228 claims it is.
With about 65% of Solana's tokens staked, adding more doesn't significantly boost security. Yet, Solana's system for releasing new tokens doesn't reflect this—its fixed rate was set for
I spent some time thinking about @nounsdao - the concept, the possibilities and a bunch of open-ended questions.
This is by far one of the wildest projects I have seen in a while. I mean it in a good way. Imo, the vision is audacious.
A short thread below.
1/n
There are two types of assets:
1. DCF assets: valued by cash flows.
2. Attention assets: valued by mindshare.
For a decade, financial markets have struggled to separate the two.
Gamestop was the turning point.
Challenge for Institutional Investors:
1. Institutional investors
Today, I am proud to announce our investment in Mountain Protocol @MountainUSDM , the issuer of USDM, the world’s first permissionless, prudentially regulated, yield-bearing stablecoin fully backed by US treasuries. We led the Series A round, which also included Castle Island