Liquid crypto fund with DeFi focus.
Joined August 2022
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Eric Chen retweeted
I have been following @phtevenstrong since mid 2021 before I even created this account...
Since then over the course of my time here on CT he has become one of my closest friends...
I can think of no one with more combined integrity and intelligence and deep understanding of defi...
In all that time I always wondered whether he would eventually start his own defi project, and now he has finally done so!
I am immensely proud to be helping back @mezzanine_fi and insanely excited to watch it get built and eventually change the world of yield-maxxing :)
Encourage you to follow the account so you can stay updated as things progress! 💪💪💪
What if I took all the protocol, yield, stablecoin, and defi knowledge I've accumulated over the last half-decade and started building the platonic ideal of a yield-focused protocol?
What if we already had >$150M in early TVL commits?
What if @mezzanine_fi?
Q1.26
Eric Chen retweeted
What if I took all the protocol, yield, stablecoin, and defi knowledge I've accumulated over the last half-decade and started building the platonic ideal of a yield-focused protocol?
What if we already had >$150M in early TVL commits?
What if @mezzanine_fi?
Q1.26
I think people can tell this is big, but are not properly understanding just how big. If successfully executed (and team has strong track record), this is the most significant development in defi since the creation of the original primitives (dex, lending markets, etc.)
One advantage crypto natives have maintained over the tradfi big boys has been the ability to frontrun the Monday open (Tuesday this week with the holiday); this will go away as institutions adapt but enjoy it while it lasts.
Reminiscent of the infamous cointelegraph intern tweet that bottomed $BTC. If so, time to get properly risk on again after the post-1Q chop. Many calling for alt szn out of muscle memory, but think it's likely majors just keep outperforming.
Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See Nate's tweet below for probably order of events (but again we capping at 75% until we see more, eg filing updates)
Happy halving day. Tough to pinpoint exact bottom but starting to scale back into core longs. The more time that passes where btc grinds sideways the more the wall of worry around a halving dump is scaled. Destination remains the same, just searching for the optimal path.