Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
José Maria Macedo Profile picture
@ZeMariaMacedo
Sep 20, 2021 • 9 tweets • 5 min read • Read on X
Scrolly
Delphi Labs is expanding 📈

We're looking for a few key people to join our team and help us build out the future of france

You'll be surrounded by world-class talent working on some of the most interesting problems in the space

More below 👇 Image
COO

@lukedelphi and I are entrepreneurs at heart and we like to move fast. We need a detail-oriented operations exec to complement our skill-set, bringing a bit of structure/discipline to our workflows

This is a key role for a Wags like character to take ownership of
Games Economist

We've been intimately involved with the P2E space from the get-go, designing the token econ and leading seed rounds for @AxieInfinity, @YieldGuild, and others. We're now looking to leverage these learnings and build a FT gaming econ team
NFT Strategist

We see NFTs as a new token econ primitive and are interested in using them to develop gamified experiences across incubated projects. We believe the design space is wide open and are looking for a lead to help us define and execute our strategy
Quantitative Analyst

We're building a risk team to provide quantitative input to governance decisions for protocols we incubate. We're looking for an experienced quant to work with big brains @ayana_eltai, @JonathanErlichL, @michal_crypto to help pioneer new models
Entrepreneur in Residence

We're always looking for great founders/leaders interested in starting crypto projects while leveraging Delphi Labs's infrastructure, brand and network. Whether you have an idea or want to tackle one of ours, we'd love to talk
What do we offer?

Delphi Labs is a builder's paradise. You'll be surrounded by top talent across economics, development, product design, risk, legal and more.

You'll also benefit from the broader @Delphi_Digital hive-mind of 60+ top researchers and big brains
More perks

🔶The culture is relaxed and informal (don't say in words what could better be expressed with a meme)
🔶Work remotely and on your own schedule
🔶Competitive salary + direct ownership upside on projects you work on
🔶Meritocracy
If you're interested, please head over to our job board and apply. You can also DM me but I can't guarantee a response

We'll also be paying 5000 $UST for successful referrals so if you know a good fit for any of these roles, send them our way

delphidigital.io/job-board/

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with José Maria Macedo

José Maria Macedo Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ZeMariaMacedo

José Maria Macedo Profile picture
Sep 27
Tbh Initia is one of the rare teams I'd back without seeing a deck

It helps I'm also bullish af on what they're building. As @SmokeyTheBera put it: "Betting on these dudes to facilitate the appchain future that Cosmos fumbled"

Thread on Cosmos, what it got right and wrong, and how Initia fixes this 👇
Cosmos had the right core idea: sovereignty and customisability matter

Developers want to control the ground they build on, and I continue to believe that most successful dApps will end up migrating to their own chains/L2s
We've already seen this happen many times with the likes of Ronin, Flow, and Stepn last cycle, dYdX, Hyperliquid and Blast this cycle, and others like Ethena, Maker, and Synthetix launching their own chains/L2s soon
Read 25 tweets
José Maria Macedo Profile picture
Jun 25
Narrator: FDV was indeed not a meme

Since this post, I've been speaking to OTC brokers to try and understand secondary market structure for the assets I'm shorting. The findings were pretty revealing so thought I'd share

TLDR: I don't think these will be bullish unlocks
Many of these assets have active sellers but very few have bids even at ~70% below market price (we're talking standard SAFTs with a 1yr cliff + 2/3yr vest )

In terms of volume, my very rough estimate based on speaking to various brokers is that there's been ~$100m in combined SAFT volume. Considering these are assets with cumulatively tens of billions of dollars of unrealised gains unlocking over the next few years, this is basically dust
To be clear, what you'd want to see for "bullish unlocks"to happen is as low an unrealised gains to market cap ratio (UG2MC) as possible, as explained in the linked post

Most tokens are sitting on massive unrealised gains from team (0 cost basis) and early investors (you can calculate this yourself using something like )cryptorank.io
Read 13 tweets
José Maria Macedo Profile picture
Apr 2
$ENA is live! @ethena_labs is one of our highest conviction bets this cycle both @delphi_ventures and personally

I believe:

- sUSDe will offer the highest dollar yield in crypto at scale
- USDe will become the largest stablecoin outside of USDC/USDT in 2024
- Ethena will become the highest revenue generating project in all of crypto

Thread on what Ethena is, why I'm excited, and the risks as I see them
@ethena_labs @Delphi_Ventures This turned out pretty long, so if you want to read it in a cleaner format I published it on my Medium here:

Or if you prefer to listen, my partner @yan_liberman does a great job breaking it down here: medium.com/@zemacedo/ethe…
podcasts.apple.com/us/podcast/eth…
@ethena_labs @Delphi_Ventures @yan_liberman 1/ Stablecoins are still undeniably one of crypto's killer apps

The market has repeatedly shown it wants yield on stables. The issue is generating it in an organic, sustainable way

Ethena is able to provide this yield with the byproduct being a stablecoin
Read 73 tweets
José Maria Macedo Profile picture
Mar 26
I’m back! Took longer than expected, but retreat was followed by a near-death experience while surfing my local break last weekend

Spent the weekend in hospital and the rest of the week recovering at home. Feeling very privileged to be here

Story below for those interested Image
To celebrate being back home, I went surfing at Guincho beach with a friend - a break I've probably surfed over 200x since I was a young kid

It was pretty big and stormy and after the first set wave kept us under for 15+ seconds, my friend wisely decided to get out right away
I tried to do the same, but the wave I caught ended up pushing me out in front of the rocks on the Muchaxo side. Getting out on the rocks on a day like this is pretty much certain death, so there was no way to get out without first getting out from in front of the rocks
Read 17 tweets
José Maria Macedo Profile picture
Feb 11
FDV is not a meme - many of you will learn this the hard way this cycle as unlocks hit the market

However, not all FDVs are created equal. The single most important factor in comparing FDVs is figuring out what % of a token's FDV is unrealised profits for investors/team. The higher the % the worse for you as a tokenholder
Very simple example to illustrate this:

Token A and Token B both trade at $10b FDV. Token A raised $200m at $1b and has a 30% team allocation. Token B raised $5m at $100m and has a 20% team allocation

Token A has $1.8b in unrealised profits from investors + $3b from team. Almost 50% of the FDV is unrealised profits

Token B has $500m in unrealised profits from investors + $2b from team. 25% of the FDV is unrealised profits

Token A is a much "heavier" FDV than Token B and you should proceed with care
One confounding factor is volume of secondary transactions since these reset the cost basis and changes the unrealised gains math

However, it's hard to get good data on this and in any case the volume is pretty small compared to where a lot of these are trading rn
Read 4 tweets
José Maria Macedo Profile picture
Oct 9, 2023
In the past I’ve stayed out of Cosmos politics. But, given where I perceive the ecosystem to be and some of the stuff I found out at Cosmoverse, I feel it important to share some thoughts and spur some discussion amongst the community

Thread 👇
At Cosmoverse, I learned that the Interchain Foundation (ICF) spent $50m in 2022. For reference, this is more than the Ethereum foundation (EF) spent during the same time period

Given the state of Cosmos rn, it seems to me this was an ineffective use of capital
Most of the funding was distributed to a small number of development orgs who each focus on different parts of the stack, building out whatever they think is interesting with no clear, centrally coordinated ecosystem vision or strategy that I can discern
Read 35 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(