imo the next big extension of the DeFi and crypto casino is going to be in interest rate speculation

Leveraged interest rate trading going to give the adrenaline addicts the thrill they want if prices and vol drag lower
In VC speak, interest rate swaps are the largest component of the OTC derivs market in tradfi. Notional value of contracts is in the hundreds of trillions.

People need these markets to hedge their yields, borrow costs, and of course to express their views on future rates
We led the rounds in @pendle_fi and @StripsFinance who we believe will be some of the winners of this space
Also @Horizon_Fi which is introducing leverage in V2

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More from @Rewkang

14 Jun
1/ Someone recently asked why the @Snowden NFT could have sold for as much as it did ($5.4M)

Here's why NFTs will have a huge role in cultural memorabilia and why such NFTs are valuable

coindesk.com/nsa-whistleblo…
2/ NFTs like "Stay Free" sit at an intersection between Art and Historical Relics

From an Art POV, it's aesthetically impressive & meaningful having a shaded motif of Snowden's face set against court documents related to his whistleblowing
3/ With proceeds going to @FreedomofPress, the art piece was clearly meant to pay homage to both the Snowden saga and the resulting worldwide movement that resulted from his whistleblowing
Read 10 tweets
8 Jun
Developing a cross chain AMM protocol like @THORChain requires world-class expertise in:

- Cryptography/MPC (Multiparty Computation)
- Cryptoeconomics
- Mathematical Finance
- Distributed Computing Architecture
- etc
Many teams have tried to build a decentralized crosschain DEX and failed because it requires a one of a kind combination of skill sets

Launching a Dapp is much different from building a secure cross chain liquidity protocol with its own validator set. The latter is 10x harder
Thorchain ecosystem and community also cannot be forked

Read 4 tweets
18 May
1/ DeFi Summer Round 2 - The Game Plan
2/ So you remember the craziness of the first DeFi Summer (or maybe you're new)

How will DeFi Summer Round 2 be different? More Chains. More Incentives. More participants.
3/ How will it start? It's actually already just started - kicked off by our good friends at @0xPolygon

Read 10 tweets
29 Apr
1/ Deep & fully transparent data is a core part of what makes dApp ecosystems so incredible

@Covalent_HQ unlocks this data for all users which is why we were excited to lead their fundraising last summer alongside @1kxnetwork and Woodstock

covalenthq.com/blog/covalent-…
2/ They have since raised another strategic round led by Hashed with participation from Binance, Coinbase and others

theblockcrypto.com/post/99202/blo…
3/ In terms of addressable market, Covalent serves every person, project and blockchain that needs data querying. Since January of this year, they’ve grown from 20 Million Monthly API calls to 142 Million API calls in March
Read 14 tweets
29 Apr
30% probability $CAKE flips $UNI
Would have placed it at under 5% a month ago
- Massive momentum/uptrend
- Stronger marketing/virality/memetic engineering
- Vertical growth in TVL/Volume/Users
- Largely retail holderbase
- Orderbook/flow dynamics
- @PancakeBunnyFin staking yields creating long market bias $ further TVL/Farm reflexivity
Read 4 tweets
25 Apr
Ethereum vs Binance Smart Chain Active Addresses
Ethereum vs Binance Smart Chain Daily Transactions
It's interesting that these ethereum network activity metrics are only just starting to surpass peak of last cycle and growth doesn't yet seem parabolic, indicating that there may still be a lot of room to grow
Read 8 tweets

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