Onchain Observer | Growth & Partnerships @sibyl_labs_
Joined October 2021
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Time for me to go back on Fomo.
Little background story: I remember downloading the app in its early days. Was trading on it during the ICM days.
Got absolutely bricked on stuff and it looked terrible. Since then have been mostly using it for gauging social sentiment.
Now is the time to change the approach. While I continue doing signals on the Altcoinist app, you will be able to follow some of my trades and holds over there.
I will not hold everything publicly, but expect to see some of the positions on the app.
I have like 20k plus to recover from Q4 last year on the app. Curious if I can break the spell and continue my rather successful (with ups and downs) journey onchain.
Anyways join me there:
fomo.family/r/JY_EL_account
I moved my fund now to the V2. Pretty smooth process and the team has been helpful along the way.
Betting heavily in terms of weights on $NET & robinhood:0x710a0414dc599112987515ac8d76e0cd28546bc1, among some others.
Have also a look at the fund of my friend @unborninfinite, he has been doing well.
You can count on me to try to run this fund up, I will add fresh picks when they show up,
rh.morrowfunds.com/fund/0x52…
MORROW V2 IS LIVE!
Here’s a quick overview of what’s changing in V2 and what it means for fund creators and fund investors.
Deposits & withdrawals
- Deposits: V1 only supported ETH. V2 supports ETH, USDG.
- Withdrawals: You can withdraw in ETH, USDG or in-kind, receiving the underlying tokens directly.
- Empty funds: If a fund gets emptied, it will restart properly based on its target allocations.
Fees & fund conditions
- Performance fee: New in V2, capped at 20%. You only pay it on realised profit when withdrawing, calculated as what you take out minus what you put in. No fees on unrealised gains.
- Entry fee: Still capped at 10%, same as V1.
- Management & exit fees for the protocol: Supported by the contracts, but both are set to 0%.
- Changes to fund conditions: Fee increases and other condition changes have a 7-day notice period. A performance fee increase only kicks in one week after the last lock-up expires, giving everyone the chance to exit under the old fee. Fee reductions apply immediately.
- Individual lock-ups: Your lock-up is fixed from the moment you deposit. If a contract upgrade is announced, all lock-ups are lifted so nobody gets stuck under new code.
Tokens & fund composition
- More stocks: 19 supported stocks instead of 14, including AMZN, GOOGL, MSFT, AMD and SPY.
- More pairing options: Community tokens can now be paired against ETH, USDG or a stock.
- New ecosystem tokens like AI and VIRTUAL, Tokens paired against them can now be listed as well, for example SIT, BONER and LLL.
- Token listings: Tokens can be listed directly from Uniswap V2, V3 or V4 pools, including V4 pools with hooks. Hooks that block selling are blacklisted.
- Taxed tokens: Tokens with transaction taxes can now also be sold through V3.
- Fund limits: Up to 15 tokens per fund for RH and 8 for ETH, with a mandatory 5% robinhood:0x710a0414dc599112987515ac8d76e0cd28546bc1 allocation.
When something goes wrong with a token
- Write-offs: If a token becomes untradeable, it's moved into a separate side pocket for the investors who held the fund at that time. They can claim it later.
- Emergency withdrawals: Investors can withdraw while skipping a token that's stuck.
- Warnings: The app flags donated tokens and tokens that are stuck in a fund.
- Automatic trading pauses: Trading pauses automatically if liquidity gets too low or if a stock pool's price deviates too far.
The app
- Migration from V1 to V2, with V1 funds remaining on Discover as withdraw-only.
- Notifications when changes to fund conditions are announced.
If you follow my posts, you may have noticed that I often talk about AI inference/compute.
I actually believe we are at the beginning of an inference super cycle and people call it the digital gold (lol).
As an onchain player, of course I want exposure, if possible via a liquid token with a real use case. Over the last days I have been teasing that I like one particular play: TensorCash $TSC.
So what is this? It’s a blockchain that turns AI inference (running AI models to answer questions) into something you can verify and get paid for. It’s run by smart people, with financial industry background from Goldman and Morgan Stanley.
So why does this matter? AI actually is about trust: two providers may run the same model and give different results.
TensorCash solves this important trust issue for different stake holders:
• AI agents that move money
• Financial institutions that need an audit trail
• Anyone buying AI with big moni.
In a nutshell: you have here a fresh (important, new is good) blockchain all around AI and inference, solving a real issue. Add the fact that there is friction as you can currently only buy it on Safetrade, which I like.
Historically the ceilings on these PoW plays are rather high. Betting here that $TSC will follow.
The Sibyl Memory product now is officially live and available for purchase.
Let us (or me) know in case you want to move to superior agentic memory.
Why Sibyl Memory Pro?🧠
Thousands of user hours. Proven effectiveness.
Self-Learning: True experiential growth and emergent behaviors come from teaching an agent things it does not already know. With Sibyl, you can build agents that learn the unique parts of your work, so you save money on all future work.
Private by Default: Your memories, your device, your decisions. Sibyl Labs never obtains your personal data other than what is necessary for billing and analytics.
Auto-Debloat: Automatically enforced environment hygiene that cleans up your environment, reduces active tokens in context, and compounds your savings over time.
Learn more: sibyllabs.org
So $MORROW now revamped their site, with some of the changes I was waiting for.
Performance fees are there, you can deposit both ETH and stables into the funds.
I will later move my own fund to the v2. If people start creating more funds, the 5% mandatory allocation into the native token could kick off a nice flywheel.
MORROW V2 IS LIVE!
Here’s a quick overview of what’s changing in V2 and what it means for fund creators and fund investors.
Deposits & withdrawals
- Deposits: V1 only supported ETH. V2 supports ETH, USDG.
- Withdrawals: You can withdraw in ETH, USDG or in-kind, receiving the underlying tokens directly.
- Empty funds: If a fund gets emptied, it will restart properly based on its target allocations.
Fees & fund conditions
- Performance fee: New in V2, capped at 20%. You only pay it on realised profit when withdrawing, calculated as what you take out minus what you put in. No fees on unrealised gains.
- Entry fee: Still capped at 10%, same as V1.
- Management & exit fees for the protocol: Supported by the contracts, but both are set to 0%.
- Changes to fund conditions: Fee increases and other condition changes have a 7-day notice period. A performance fee increase only kicks in one week after the last lock-up expires, giving everyone the chance to exit under the old fee. Fee reductions apply immediately.
- Individual lock-ups: Your lock-up is fixed from the moment you deposit. If a contract upgrade is announced, all lock-ups are lifted so nobody gets stuck under new code.
Tokens & fund composition
- More stocks: 19 supported stocks instead of 14, including AMZN, GOOGL, MSFT, AMD and SPY.
- More pairing options: Community tokens can now be paired against ETH, USDG or a stock.
- New ecosystem tokens like AI and VIRTUAL, Tokens paired against them can now be listed as well, for example SIT, BONER and LLL.
- Token listings: Tokens can be listed directly from Uniswap V2, V3 or V4 pools, including V4 pools with hooks. Hooks that block selling are blacklisted.
- Taxed tokens: Tokens with transaction taxes can now also be sold through V3.
- Fund limits: Up to 15 tokens per fund for RH and 8 for ETH, with a mandatory 5% robinhood:0x710a0414dc599112987515ac8d76e0cd28546bc1 allocation.
When something goes wrong with a token
- Write-offs: If a token becomes untradeable, it's moved into a separate side pocket for the investors who held the fund at that time. They can claim it later.
- Emergency withdrawals: Investors can withdraw while skipping a token that's stuck.
- Warnings: The app flags donated tokens and tokens that are stuck in a fund.
- Automatic trading pauses: Trading pauses automatically if liquidity gets too low or if a stock pool's price deviates too far.
The app
- Migration from V1 to V2, with V1 funds remaining on Discover as withdraw-only.
- Notifications when changes to fund conditions are announced.
I am also loving crypto as it satisfies all my autistic (according to frens and family lol) /ADHD tendencies.
Moving fast between trends and projects, going to down the rabbit hole on something you find interesting.
Pair this with the instant feedback loop and you have an industry which is probably unmatched globally im terms of opportunity.
My longterm hold to have liquid exposure to social trading (really long term, ie. buy and forget) is $AQC.
Think Fomo, but for all type of markets, covering Hyperliquid (perps), Polymarket (prediction markets) as well as sports.
App got approved on the app store mid September and dev Aquatic wants to ensure regulatory compliance so things take time.
Good bet though as there isn’t much liquid token exposure to Fomo with a product built by a serious team for the longterm. Just posting this here and will come back to it in the future.
If you could invest in Fomo, Gmgn, Axiom etc around 500k mcap, would you take that chance?
Fomo is worth over $500m now, while Gmgn and Axiom are worth over $200m each. 99% of us had no opportunity to seed/invest in those projects
That changes with robinhood:0x061732dc141e0a2d37f5fa91cf5343f24064e60f. The first 0 fee trading terminal ever that lets you trade on your platform of choice with 0 fees as well. This will flip the current model on its head and put an end to the extraction. A cause truly worth supporting
0x061732dc141e0a2d37f5fa91cf5343f24064e60f
I always liked the idea of index funds onchain. So far however no product did meet real traction. Maybe this changes with robinhood:0x710a0414dc599112987515ac8d76e0cd28546bc1.
Back in the day on Base I really liked what Indexy was building. I was one of the top index creators there (maybe you can still find my robotics or Strategy indexes, which did very well).
Now Robin Hood might have an interesting product which gives people the possibility to bet on other traders token picks.
Often the best way to see if a project actually makes sense, is trying it out and click some buttons. So that's what I did kek.
The user experience is pretty straightforward. I set up an a fresh index, chose some of the assets I have conviction in (i.e. $NET), chose the allocation and with a few clicks it was done.
You already have a bigger list of tokens to choose from, I would say the major Robin Hood tokens are all there. Of course smaller assets need to be white-listed as they carry the risk that a manager creates a token and rugs the fund.
Anyways this is interesting as 1) I profit off as a fund manager with a small fee if my fund is successful, 2) onchain traders might just follow your picks, saving them research.
The protocol has listed some of the main tokenized stocks, so in theory you could set up a mix of equities and onchain plays, which is cool too.
Of course this is still early days (less than 15 funds and small TVL), but this fits well from a product pov on Robin Hood and offers a new venue for traders/KOLs to generate mindshare for their picks while earning.
Also might be interesting for the team to white-list selected assets and thus build an ecosystem of Morrow-vetted tokens.
Ok, enough rambling. You should check out my fund below. Also have a look at my friend's Borney's fund, which is the leading one by TVL right now.
rh.morrowfunds.com/fund/0xA0…
Our Sibyl team has been running pilots with SMEs and entrepreneurs implementing AI solutions over the last months.
This is the feedback of a small team of software developers we got this week after having a touchpoint with them.
Note that our team values encouraging verbatims as such while incorporating at the same time all the feedback we get.
Given the strong product with the now ready infrastructure in terms of payments and operations, our focus next months will be on growth.
Build with Sibyl.
Good project and you should check out my buddy @unborninfinite’s fund.
I'm genuinely proud to see MORROW being used the way we envisioned it. Funds are being created, activity is picking up, and we're already seeing limit triggers firing across the platform.
We're building this together, and your feedback matters. If you're struggling with anything, encounter a bug, or think something could work better, please let us know.
We're listening, we're building, and we're moving forward. Thank you to everyone who's testing the platform and helping us improve it.
robinhood:0x710a0414dc599112987515ac8d76e0cd28546bc1
Normally I wouldn’t comment on other projects, but these type of posts piss me off.
The main individual running this has a track record of launching NFTs across chains when there is hype.
Be it on ApeChain or several ones on Abstract, always max extraction before launching the next thing months later.
Rather than gaslighting the community, maybe good to look at the mirror from time to time.
This is what happens when you have so called “founders’ which actually need the money.
I know the market is bad, but there is one team which has never left, on the brink of scaling up revenues.
The Sibyl Memory Payments upgrade is live!
What's new:
🟨Full feature account dashboard
🟨Brand new product landing page
🟨Pay with Credit/Debit via Stripe
🟨Accounts first onboarding
Sibyl Labs stats are backed by hundreds of hours of testing in live business environments.
Try the memory solution trusted by businesses to improve efficiency and cut costs.
🌐sibyllabs.org
Seeing again lots of doom on the timeline, traders quitting or taking breaks.
First, I believe in the theory of diminished returns, ie. every cycle having less opportunity in terms of returns.
Combine this with the industrialisation of token production, further diluting the already thin liquidity, and you have a tough environment to play in.
Second, the rise of social trading with apps such as Fomo makes it even harder for people to take profits due to the social feedback loop, making them more exposed to roundtripping.
This being said, we had some good months, with lots of runners on Robin Hood as well as small seasons on Base and Solana. Many people I know printed great multiples.
I can understand why people are logging off right now. I also lost money over the last few days, like many of my friends did. However you gotta understand the eternal loop of euphoria and despair on this app.
Ultimately everything is ups and downs. When we will think all is over, suddenly we will tip into euphoria again.
Remember that this is still one of the only places on earth where putting in the work can yield you years of wage cuck slavery salary in days.
I have decided for myself that the risk of not being exposed is bigger than the risk of playing. Of course you gotta adjust and fight your inner enemies, but ultimately we win.
JY retweeted
The Sibyl Memory Payments upgrade is live!
What's new:
🟨Full feature account dashboard
🟨Brand new product landing page
🟨Pay with Credit/Debit via Stripe
🟨Accounts first onboarding
Sibyl Labs stats are backed by hundreds of hours of testing in live business environments.
Try the memory solution trusted by businesses to improve efficiency and cut costs.
🌐sibyllabs.org
Joined the $net trade over the last days.
Robin Hood seems overall bottomed, sentiment is bad. People were also grave dancing on Net around some suspicious sells.
With their treasury (might be a meme yes) and no inflation, I am willing to take a position here.
Eventually Robin Hood sentiment will improve and $NET is a good bet imo.
Every $NET is backed by at least 1 USDG of RFV (risk-free value), enforced in code. The distributor cannot mint past the point where totalSupply × 1 USDG > RFV. NAV (backing per NET) = RFV / total supply.
Mechanics that matter:
- 5% trading levy on the NET/USDG pool flows to the reserve (team share has decayed to zero)
- Treasury standing at about $28M so far
- NetNet is one of the largest holders of tokenized equities on the chain and has shipped a large volume of RWA-adjacent products (games that pay in equities, Real World Bonds that route into tokenized stocks, etc.)
- Confirmation that Robinhood is sponsoring NetNet’s involvement in a conference later in the year, with Dunlap also discussing potential further RH involvement in distribution into main apps, more engagement with what they’re building, and improvements to the overall RH on-chain strategy
The inverse bond is a standing, seller-initiated, permissionless bid that settles at NAV × (1 − 1.5%) (currently ~$161). You can sell directly to the protocol rather than the open-market pool. At a 1.05–1.08× premium, the distance from current price down to that bid is roughly 8–10%. This is the practical near-term floor for most holders. There is almost no dilution from staking rewards while the token trades this close to NAV
Also the fud is cleared up on NET as well
xitter.cf/fenix0x6/status/210968…
0xCA9c78Dd337A67F6e0077F65F5E9218719d30eDf
I also sometimes still play new pairs ( not on Pump though). Risk/reward on these is very low and I have noticed that the time/effort vs output is simply not worth it.
Regarding our deployer friends: crypto has fostered a new generation of ‘traders’ which fully resort to deploying and call it trading. I cannot blame them though as from an economic (not moral) pov it is the rational strategy to maximise your returns with the least possible risk.
If you already have the audience, why would you risk 6 or 7 fig capital with a thesis? This actually involves risk taking and real guts.
Spending more and more time on here, I come to the conclusion that a significant part of traders are people which are lazy, don’t wanna put in the effort and thus try the get rich quick scheme.
Therefore there will always be a market for deployers to extract from. Just trade less new pairs, find an edge, put in the effort and you will be fine.
woke up to a bunch of poors in replies saying “you should get robbed because you rob on chain!!!”
let me break this down to you like you’re a monkey
YOU choose to trench and trade pumpfun coins, which they quite literally say them selves are for “speculating trends and attention”, meaning quick flip trenching (this is where they make ALL their money btw)
you could be buying eth coins, old raydium coins, etc but YOU choose not to and instead choose to trench because YOU want to make fast money
the problem is all of you suck, won’t put in the time to get better, expect free money to be given to you, and when you get smoked you cry and bitch on the tl
you’re an addict, you will never make money, and best advice i could give you is to never touch any of these coins again and go do DoorDash or something
Truly one of the worst countries on earth to live in if you have money (unless for a holiday house maybe).
Love the story how tax authorities gave out info on wealthy crypto individuals which then got a ‘home visit’ by thugs.
Combine this then with a culture centred around individualism while at the same time max extracting from its citizens.
Great country to do holidays due to amazing food, landscape and heritage. But zero reason to live there.
🇫🇷 LATEST: French lawmakers advance a proposal requiring self-custody crypto holders with €100,000 or more to declare their assets or face fines of up to €10,000.
ct.com/news/french-lawmakers…
Very good stats. Difficult to not be bullish on $dguy
Starting the week with some metrics:
🟦 #1 @amazon pair on @base
🟦 $3M+ trading volume across 52+ base:0xe34356dcd3d7bb991248f322e4ec31b5d60bc54e pairs
🟦 2,482+ payments to Prime members
🟦 44,437,668 base:0xe34356dcd3d7bb991248f322e4ec31b5d60bc54e burned (4.44% of supply)
The tokenized equity supercycle starts on @base.
Still day one. 📦