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MapleLeafCap Profile picture
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21 Oct, 6 tweets, 2 min read
I'm looking for a Research Partner to help buidl @FoliusVentures together.

If you an ex-founder / prop / HF / big tech / degen ready to explore everything out there in Web3, this is for you.
1. The gig:

- lead both public and private investment ideas, full process from A-to-Z, multichain
- help projects in many ways (buidl, tokenecon, biz dev, audit, etc)
- write fire research threads / decks, get ready for podcasts and interviews
2. The ask:

- you are an expert in some Web3 domain(s) and can run circles around me
- you write (much+++) better code than me
- we see eye to eye on what a "good investment" is
- you are really in it for the tech
- you are fluent in >= 1 language(s) aside from English
3. The offer:

- we will build it together -- I can promise autonomy and responsibility
- ready to share stronk upside economics + respectable base. Goal is to comp top 10% in industry
- yes you can base anywhere and remain anon
- yes you can make up your own title
4. Wat do:

- send ur best 1-pager Web3 inv. idea to lfg [at] folius [dot] ventures
- in same email, tell me about ur worst mistake / loss, and why (don't have to be crypto related)
- lastly, include anything relevant (degen score, threads, scripts, "good job" from @0xMaki, etc)
5. Lastly:

- I'm in Lisbon until Nov 13th so response time could be quite slow.
- if you don't want to be an allocatoooor but want to be a buidloooor also ping me!
- ready to pay 5 ETH for successful referral of this role.

• • •

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More from @MapleLeafCap

MapleLeafCap Profile picture
25 Sep
Been noodling on this Bybit $BIT token for some time. Haven't formed a strong view yet, but I think it might be the cheapest trailing FDV / stakeholder rev. project in the exchange sector today. @QuirkyQwerty_ had a good post about it a week back:
To put it in context, the CEX clears $8-10 Bn of futures volume / day on its gross fee of 5 bps translates to almost 2.5-3 mm of cash (50% of gross fee) going directly into Bitdao treasury / day, almost $1 Bn / year. The treasury already has ~$500+ mm ETH/USD + ~$4 Bn of BIT.
In TradFi speak, $BIT = stonk at 15-20x P/FCF w/ a bal sht of 500 mm cash & can use its 4 Bn $BIT to do deals. 1 thing to note is that while gross fees is 5 bps, after rebate / ref, disc, etc net-fee could be ~2.5-3.5 bps: Bybit is flowing most of its gross profit to Bitdao.
Read 10 tweets
MapleLeafCap Profile picture
31 Aug
This one hits home. Turns out the moments one tend to remember are the paths not taken:

- Out of college my friend/ roommate ask me to join him as cofounder of a new lending solution. I passed wanting to hold on to my banking job. It’s now one of the largest in this space.
- During my second gig on WS, a good friend of mine is heading back to China to join some news tech company startup and asked if I want to join him via referral. I had a decent HF job at the time and was like nahhhh. That business was called Bytedance.
- and this one is even more recent. I remember learning about Delphi working on some “axey” thing in their WS WeWork and had sushi with another Chad in Taipei as recent as jan 20 about this Dee-Fi stuff. Was like hmmm but I’m still sceptical. You all know what happened next.
Read 5 tweets
MapleLeafCap Profile picture
25 Aug
(0) Since our last report on Dec 17th, 2020, the Web3 narrative had moved far beyond single-chain #DeFi to prompt another iteration – this time on where we are re: Web3, #DeFi, token gov & fundamentals, & new primitives.

EN: docsend.com/view/9x4a3reuv…
CN: docsend.com/view/np5dhyyc9…
(0.5) Quick side-note, you may notice the new primitive section being a bit barren – that’s because a single person can no longer cover the space by him/herself (aka me aka ngmi :/). Folius needs help and is hiring (more on this later), but plz do reach out if you are interested!
(1) A feature-complete Web3 to us is a friction-and-cost-minimized info & value transfer network, and while BTC is closer to early-adopter status, the broader Web3 with ~5-10 mm MAU is more like the internet in the mid-1990s.
Read 22 tweets
MapleLeafCap Profile picture
19 Aug
0 - It’s been a long time coming. Today I am announcing @FoliusVentures / 一叶创投 dedicated to investing in, evangelizing, and buidling the Web3 future w/ a global mandate (APAC focus to start).Ping me on twitter / Telegram with the same handle if you wanna jam!
1 - By way of background, I graduated from CMU way back in 2012 and spent the past 8-9 years in NYC TradFi, first at DB, then at a family office doing mostly US equities investing, then at a global non-US Tiger grandcub focused on small-cap equities….
2 - …where I covered mainly China-related and software businesses. The deep dive into crypto didn't really start until early 2018 (later than a lot of you!) and MLC was really a spur-of-the-moment moniker which I will be keeping (but unfortunately I'm not Canadian =/)
Read 16 tweets
MapleLeafCap Profile picture
14 Jun
(0) There aren’t that many apps that straddle multi-chain, multi-layer (“MCML”) yet, so this is an under-explored area, but I think teams should really start thinking about aggregating such data. Let’s take $SUSHI as an example.
(1) As for today, Sushi’s TVL on Matic makes up almost 30% of its overall TVL (from a standing start in early May). It’s not hard to imagine the same would apply to pending Arbitrum / Optimism roll-out also (and to the extent BSC returns).
(2) The utilization is actually remarkably good – as of today Sushi on Matic is doing similar volumes as it does on ETH, making on-chain TVL almost 2-3x more efficient on Matic. In aggregate $SUSHI is doing more volume now vs. Feb and April. Ignoring FTM given only 2-5 mm volume.
Read 8 tweets
MapleLeafCap Profile picture
1 May
(0) I oft wonder if the way private-round token issuance mechanism we have today is the most elegant – yes there’s a simple vesting smart contract one can write, or one can stream via @sablier, but can we have a protocol that generalizes and tokenizes ERC20 vesting?
(1) The answer is most likely yes – and such tokenized “vesting schedule of ERC20” will also be tradeable on the likes of AMM platforms (if ERC20) or NFT platforms like OpenSea (if ERC721 + ERC1155). I would imagine this approach is superior to off-chain verbal / legal promises.
(2) To an extent, OTC trading of vesting tokens is already kind of happening but that involves a lot of trust (especially when it comes to swapping ETH private keys); perhaps another solution is have a platform for if [receive token] then [steam it to another address].
Read 15 tweets

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