Embarking on a new journey with
@CryptoHayes
' family office
@MaelstromFund
to invest in infrastructure start-ups powering the next wave of decentralization // new models to monetize the internet.
Actively deploying capital; Pre-seed thru Series A founders, please reach out.
A first in crypto history - Almost every major global CeFi derivatives exchange is setting aside differences and getting together to back this new CeDeFi stablecoin primitive built by
@leptokurtic_
/
@ethena_labs
, inspired and backed by
@CryptoHayes
.
1/ Ethena is excited to announce our $6.5M seed round led by
@dragonfly_xyz
, with participation from
@cryptohayes
and major derivative exchanges
The round is the first milestone in our mission to develop the first scalable stablecoin not dependent on the banking system
@CryptoHayes
@ether_fi
Worth also noting - unlike competitors (e.g.
@RenzoProtocol
, which depegged today)
@ether_fi
hasn't depegged because native withdrawals are enabled and hence users don't have to market sell in thin liquidity conditions. Stakers should stick to projects that keep them self:
@PeterSchiff
“These buyers only care about price.” Ah yes, because all those Gold ETFs investors out there aren’t investing because number goes up, they’re just admirers of yellow rock’s metallurgical properties 😂
$ATH, one of our earliest portfolio companies and low key one of the most successful DePIN projects out there on a number of metrics, live and trading now
10 years in,
@BitMEX
remains one of the only major CeFi exchanges to have never lost customer funds - up there with the likes of Coinbase. [Most others, from Binance to OKX to Upbit, have lost customer funds to hacks, exploits, etc.]
The first liquid re-staking token on
@eigenlayer
hits mainnet on Nov 6th (courtesy of our portfolio company
@ether_fi
). Mark your calendars.
1) Stake with , 2) get eETH, and then 3) generate further yield elsewhere - all the while, retaining control of
After a tremendous amount of hard work by the whole team, we are excited to announce that we are shipping our LST eETH!
eETH is the first liquid restaking token on
@eigenlayer
and the only LST where stakers get to control their keys🛅
🧵👇1/9
Been an incredible pleasure to be on the ground floor of these experiments trying to rearchitect foundational rails/infra of human civilization - some of which have been largely unchanged since the age of the 15th century Medicis.
Like the early internet days in the ‘80s and
Excited to join our friends at Ethereal Ventures in backing Khalani, which handles the buildout and incentivization of solver networks on behalf of intent-based dApps [comparable to the proposer/builder separation model, but for intents]
We're excited to announce our $2.5M Seed Round led by
@etherealvc
to unleash the full potential of intents with our decentralized solver platform!
This milestone will help us expand our team, push forward R&D, and bring Khalani to full-scale production.
Checking out the
@CryptoHayes
@MaelstromFund
portfolio ... it's quite good.
Big fan / user of Squid -- and Pendle and Ethena have been recent, huge new crypto hits.
This guy is on to stuff. Going watch this portfolio more carefully from now on.
Just endowed a scholarship at my alma mater
@Penn
[for first-generation college students from low-income backgrounds] in what is Penn’s first scholarship donation ever to be made in cryptocurrency.
"Not your keys, not your crypto."
Too many have knowingly or unknowingly given up access to their private keys to both centralized and "decentralized" ETH staking services. Think
@coinbase
,
@krakenfx
,
@binance
,
@LidoFinance
, etc.
They are making BANK off of your
#ETH
, while you
With the Shanghai-Capella (“Shapella”) upgrade slated for later today, what might the future mean for proto-decentralised protocols like
@LidoFinance
? You can read the latest CTD now:
cc
@CryptoHayes
@akshat_hk
@marinebharat
Fair, but you do have to give credit to
@Dev_Fadnavis
for unshackling
@AshwiniBhide
in the buildout of Metro 3 (among other key transport infra projects being championed by the BJP) after it was stalled for 2 years by the nepochild coalition under
@OfficeofUT
.
As someone who has been placing VC-style multi-year bets in crypto since 2013 (and isn't a technical chart reading day-trader), my two cents:
If you've been making well thought out, long-term thesis-driven bets at attractive entry valuations - relax. Seriously.
However, if
I moved to Asia 5 years ago. One reason why:
In Asia, some places like Vietnam or India are coming out of decades of war, strife and poverty yet I hear and feel optimism all over…vs. many countries in Europe, for example, where they’ve experienced unprecedented prosperity for
2023 crypto VC holy grail: consumer-facing, AI-powered scaling infra deals. Bonus points for platforms that use zero knowledge proofs to secure data storage behind a tokengated DAO. [Ideally, built upon account abstraction.]
I got bags and they are full of decentralisation!!! "Shapella's Show" is a think piece by
@MaelstromFund
's head of investments all about $ETH staking.
The Hat Stays On.
Choose Rich, see y’all tonight at the Surf Club.
Doors open at 5pm, get there early cause sometimes the door is a bit of a shitshow at the clerb.
Send us your favorite dead DEX. 1) Why did you love it; 2) Why did it fail; 3) We might be interested in acquiring the assets and rebooting it (we've got creative ideas).
Accelerating Open Innovation: Eigen Labs ∞ Rio Network
Eigen Labs is excited to announce the acquisition of the
@RioRestaking
team to accelerate our mission of creating an open, verifiable cloud.
The Rio team has a combined 75+ years of crypto experience and a proven track
Pre-revenue founders who val-gauged earlier are regretting it now. Conundrum: 1) Pressure to raise at higher vals; 2) Insufficient traction to justify it; 3) Flat/downrounds signal poorly to new prospective investors, and demotivate existing investors/employees.
Video & audio calls coming to X:
- Works on iOS, Android, Mac & PC
- No phone number needed
- X is the effective global address book
That set of factors is unique.
Excited to back
@ionprotocol
's
@ChundaMcCain
and
@junebug_0831
in their mission to expand use cases, liquidity and the capital efficiency of nonfungible staked/restaked ETH assets. Hyper-financialization is fucking dope.
Excited to announce the close of our $6.9m seed round led by
@polychaincap
&
@daofive
! 🐡🚀
This funding marks the beginning of our campaign to redefine the way traders interact with web3.
Read more:
1/69
@RyanSAdams
Having been through 2014-2017; 2018-2020; and March 2020…I don’t really think we’re even in the winter yet. More opaque, unaccountable CeFi could still break.
Men in this industry, treat your colleagues with respect. After speaking with my female (and male) peers, it's becoming clear that the behavior described below is just the tip of the iceberg across this space. [From here on out, we're expanding the 'character assessment' part of
When he grabbed my waist and pulled towards him even after I said NO and pushed him away, I knew that this will happen one day.
Thank you for speaking up ser.
The team from
@ionprotocol
is excited to announce a total fundraise of $7M, led by
@gumicryptos
and 90+ additional supporters
The funding was completed to introduce Nucleus—the default yield provider for networks across the crypto ecosystem
⬇️
#Zuzalu
, a 2-month, invite-only gathering of 200 people in Montenegro, featured official sessions on zero-knowledge proofs, cold plunges in the Adriatic and the chance to get near Ethereum co-founder Vitalik Buterin
@cryptauxmargaux
reports
Dear crypto: See below how a professional VC fund issues capital calls. Gradually as needed, rather than 100% upfront only to sit on your capital and do nothing with it (other than destroy everyone's IRR).
@AukiLabs
is building transformational infra. [Video below is just one example of a low-hanging-fruit application]
The stack underlying it all is a "collaborative spatial computing protocol" that allows for experiences requiring greater precision and reach than GPS (e.g. shared
Excited to back
@squidrouter
, which is enabling dApps to easily augment product offerings to offer end users one-click, high-speed, secure cross-chain transactions. Incredible traction so far, with >$1B in trading volume facilitated so far within 1 year of launch.
We are proud to announce that Squid has raised $4m in a strategic funding round led by Polychain Capital and backed by leading funds and angels!
We invite you all to join us in celebrating the exciting news on the very day Squid launched last year 💫
Worldcoin's (implied) FDV > the market caps of most profitable publicly traded companies you can think of under the sun.
E.g. $WLD just overtook BioNTech, which made $8B+ in EBITDA last year and is sitting on $13B+ of cash.
Who's about to become whose exit liquidity here?
The world can change dramatically in a very short period of time. From a 1994 NYT article discussing how "Made in Japan" used to = cheap, shoddy manufacturing:
@APompliano
India's 'Greater Nicobar Development Plan' = an Indian Hawaii (full-stack defense, trade + tourism infra on one of its largest islands) right at the Strait of Malacca. [Significance: 1) India can choke China of oil supplies in a war; 2) India can compete with Sri Lanka's ports]
Our Pseudonymous Talent Profile feature allows individuals to make their own pseudonymous accounts to showcase their skills, experience, and value to future employers.
Profiles are beneficial for those seeking opportunities without jeopardizing their full-time jobs.
1/9 🧵
Worth a skim. The crypto-friendliest generation yet is coming of age, rich, depressed AF and addicted to their phones/memes/gaming/trading. Solid demand-side macro tailwinds.
PSA: Stop indiscriminately airdrop farm hopping from protocol to protocol. Be even just slightly judicious - look what happened to those to migrated from to Renzo. Many leverage farmers now rekt (>$340MM of liquidations).
We're excited to announce the first batch of S6 Incubation projects that we've made an investment in!
🔸
@ethena_labs
🔸
@nfprompt
🔸
@shogunfi
Find out more about the projects, listed alphabetically below👇
Trump’s VP = a 39-year-old self-made venture capitalist, US Marine, author and Senator with a Yale law degree who grew up in a poor broken rust belt household. Democrats have lost the plot (and my vote) this cycle.
Check out one of our latest portcos
@ratedw3b
, offering mission-critical observability for node operations that will underpin a generation of new staking-related business models.
Rug-burned by my formerly favorite degen play
@LybraFinance
. [Missed the v1 -> v2 migration window, all my remaining tokens burned]. Feeling cold inside. Seeking recommendations for my next degen pls.
📢 LBR Migration phase has officially concluded!
🔥 We've seen a total of 2,065,967 LBR that didn't migrate from V1 to V2 before the deadline
Note: These tokens are subject to being burnt from the circulating supply, pending DAO votes
⚔️ Lybra DAO launch is right around the
@ASvanevik
Hmm, but a better comparison would be cities. (I’m sure roughly the trend would still hold, but doesn’t make sense to compare entire mixed economies with a single city).
TOKEN2049 Dubai thoughts - Riding the highs after the rains cleared collectively with everyone was almost euphoric (in contrast to the lows/chaos of before). Definitely contributed to more heartfelt and honest conversations about projects, trends, etc. I.e. Less shilling, more
2003 = the first gold ETF launches.
2013 = gold's market cap was $8T, with $0.1T (<2%) held by gold ETFs. Bitcoin ETFs' first decade will dramatically outperform this. However, meaningful inflows will take time; releasing the products is just the first step. Let's not get ahead