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Yash Agarwal Profile picture
Yash Agarwal
@yashhsm
narrative peddler in the tokenized financial system; mostly defi | @superteamdao @solana
May 13 • 31 tweets • 8 min read
VCs hate memecoins but I will explain why there’s no difference between memecoins and governance tokens.

Governance tokens are just memecoins dressed in a suit. Mega thread 🧵 Image 1/ [Chapter 1]: Governance Tokens are Memecoins w/ extra steps.

All governance tokens are essentially memecoins, valued by the memetic provenance of the protocol. Why?
- No revenue sharing (due to security laws)
- Governance tokens don't work well in a community-oriented decision-making framework.
Oct 8, 2023 • 12 tweets • 3 min read
RWAs are hot on the EVM planet & touted as the next big theme in DeFi.💫

However, the RWA narrative is often overlooked in the Solana community.

So, I wrote an exhaustive article (18 min read) to dive deeper into the Solana RWA space and what’s ahead.

An overview 🧵+ essay👇 State of Real World Assets on Solana 1/ Simply put, Real Word World Assets (RWA) bring any off-chain financial assets on-chain.

These assets can be anything from Real Estate to Credit, T-bills, Green Bonds, and even commodities like Whisky!
May 21, 2023 • 8 tweets • 2 min read
Tokenized Securities [On-chain T-bills/ETFs] are going strong with over $220 Million Market Cap - almost all in the last 4-5 months!🔥

What's going on in the space - why it's booming, how it works, and what's ahead? 🧵⇩ Image What are Tokenized Securities?

Think of them as USDC but for publicly traded instruments or 'Real World Assets' like T-Bills, ETFs, or Stocks instead of US Dollars as the underlying asset.

On-chain 'representation' and 'ownership' of Off-chain securities!
May 3, 2022 • 14 tweets • 3 min read
Open Financial Technologies raises $50 Million at a $1 Billion Valuation, and becomes the 100th Unicorn of India🦄🇮🇳

What’s Open? A Billion-dollar Neobank, you’ve probably never heard of!🤔

Let’s decode👇 Open is an SME-focussed Neobank. Wait, do Small Businesses even need a Neobank?

Yes! A huge number of small businesses struggle to maintain multiple bank accounts, manage their daily spending, pay salaries, and so on. The banking experience is even worse for 60 Mn+ SMEs!
Mar 8, 2022 • 15 tweets • 3 min read
CredAvenue becomes the fastest FinTech startup in India to join the Unicorn club in just 18 months🤯🦄

What’s CredAvenue, a billion-dollar Indian startup, probably you’ve never heard of!🤔

Let’s understand👇

An explainer Thread🧵🍿 Founded in 2020 by @gaurav_irma, CredAvenue basically runs a “marketplace for enterprise loans”. For instance, Any time a company needs a loan they can go on to CredAvenue and find a willing lender.

It is a one-stop platform for all borrowing needs of enterprises and NBFCs.
May 24, 2021 • 9 tweets • 3 min read
Zeta (@zetasuite) becomes the latest unicorn at a valuation of $1.45 billion, after a $250 Mn raise from Softbank vision fund II.

Simply put, it's a B2B startup, providing banking technology & enabling Embedded Banking.

But, what makes it valued so much?

An explainer thread🧵 1/n
Founded in 2015 by Bhavin Turakhia (@bhavintu) who has previously founded and exited multiple billion-dollar startups like Directi, Flock, Media:net, and a few more, along with Ramki Gaddipati (@gramki), who is a BITS Pilani grad & worked with Morgan Stanley and Directi.