Calvin

.@cz_binance says that NFTs and DAOs will make a big comeback. "I think tokenizing art is probably going to come back at some point, multiple times. I don't know when it will really hit big and stay... I think all of those things eventually should be much bigger than they are today." "I think many things will have a second wind, but the second wind will most likely be a little bit different... DAOs, NFTs — the next iteration may be slightly different, but they may still be called NFTs or something like NFT2."

Only answer this if you consider yourself a DeFi user: Do you know what Pendle is used for?

Yesterday, an external fund manager overseeing Stream funds disclosed the loss of approximately $93 million in Stream fund assets. In response, Stream is in the process of engaging Keith Miller and Joseph Cutler of the law firm Perkins Coie LLP, to lead a comprehensive investigation into the incident. We are actively withdrawing all liquid assets and expect this process to be completed in the near term To keep our stakeholders informed, we will provide periodic updates as additional information becomes available. Until we are able to fully assess the scope and causes of the loss, all withdrawals and deposits will be temporarily suspended. Any pending deposits will not be processed at this time. Our decision to retain Perkins Coie LLP reflects Stream’s unwavering commitment to transparency and robust corporate governance.

I actually think DATs for DeFi protocol tokens actually make more sense than most L1s. This could be a sensible model for DeFi protocols with real fundamentals going public in the tradfi capital markets.

100 of the sharpest minds in crypto just placed the same bet. We assembled a handpicked coalition of elite builders, traders, and power users to back the breakout consumer app our industry has been waiting for. What Robinhood did for tradfi, Euphoria will do for crypto. Tap Trading is coming 👇🧵

Stablecoin is one of the most obvious growth areas of crypto Issuance up 2X in past 18 months. Up 10X in last 5 years There is a liquid token that is the clear indexed-way to play this secular trend w/o having to pick winners and losers. Category leader with no competitor. Top tier team. Fully vested. Fair valuation. Built and endured through many cycles Bc it’s biz model has evolved so much in the last 2 yrs - we believe it is poorly understood by the mkt and mispriced for the opportunity ahead Memo coming in the next 1-2 weeks Stablecoin Expansion ↔️

“Yeah, I’ve been in crypto since 2017” Okay, then why do you still have a job?

Eclipse—an Ethereum L2—has been doing 200M transactions per day for the past 30 days, almost 3x higher than Solana right now.

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some news: going forward, my team is focusing 100% of our efforts on altVMs that means building on @solana, @movementlabsxyz, @EclipseFND, @ton_blockchain, @fluentxyz & others that we’re bullish on it also means much less building on Ethereum. this was a hard decision for me and @stabiliseret. we both have built on Ethereum for many years and have spent the last 2 years building Catalyst on Ethereum i, like many first time founders, thought that if we built something, then the users would come. but 8 months since Catalyst mainnet launch, it has achieved lukewarm adoption at best. we tried to expand to new chains, but found it hard to attract liquidity. there seemed to be little demand in the market for another AMM. i didn’t know what to do. nothing seemed to work, and i felt like a failure. it seemed like every other cross-chain protocol has been kicking ass. every week, a new volume ATH. during ethcc, i was asked to be on a panel. it had all the big interop builders on it, with projects processing billions of dollars in volume. i declined. i felt like I didn’t deserve to be there. ~~~~~~~~ confidence at an all time low, i went back to the drawing board. i re-read every book that I bought as a bright-eyed college kid dreaming of starting a business: the lean startup, zero to one, how google works, etc i had ignored something that was so obvious, that EVERY book on entrepreneurship talked about — but I was too arrogant to heed, somehow thinking that crypto was different. i needed to talk to users. so i did. i asked everyone who would spare the time (you know who you are - THANK YOU!!), what was missing from cross-chain? the takeaways were clear: (1) bridging within EVM chains is crowded and has found its winners. four projects do 90% of all volume. the rest of the 53(!!) bridges fight for the scraps. (2) bridging within EVM chains is “good enough”, with each incremental innovation giving marginal returns. thanks to @AcrossProtocol, @StargateFinance and @RelayProtocol, it now costs half a cent, and takes 2 seconds to bridge between EVM chains. what more can a user ask for? (3) the vibes in EVM are off. we were promised sovereign money. we were promised the world computer, the future of finance. instead, we got empty promises and the same copy-paste primitive again and again. we’re tired, boss. (4) in contrast, altVMs are bringing a new wave of hope this one, i had to confirm with my own eyes. i said gmove in the the @movementlabsxyz discord. i went to the @superteam bounty board. i chatted with the @SolanaFndn team, the @eclipsefnd team, and the @fuel_network team. something was different there. they were excited. they stood for something. believed in something. new VMs bring new technologies that allow the next generation of builders to reimagine what’s possible onchain, things are not possible on evm. for the first time in a long while, my old heart felt something that i hadn’t felt since DeFi Summer. i actually wanted to play these apps. Because they were fun. only one problem stood in my way: getting on to these chains. which leads me to my last takeaway. (5) people want access to altVMs, but they are hard as hell to get to. in my mind, the story is clear. altVMs will create a whole new design space. a whole new design space allows never-before-seen applications to be built. never-before-seen applications will bring in millions of mainstream users. millions of new users will result in billions of dollars of new tokens and yield. only one thing stands in the way: how do we get there? there’s no @jumperapp for altVMs. there’s no one product that opens the doors to all altVMs. until today. ~~~~~~~~ we’re building a brand-new product: the only bridge built for altVMs. our mission is to take you beyond Ethereum. Movement, Solana, TON, @fuel_network, even Bitcoin — our goal is to make accessing them even easier than EVM chains today. i can’t share too much right now, but here's what it’ll look like: - incredibly simple. < 1 month to connect a new VMs - best-in-market cross-chain UX (we absolutely cooked on this) - competitive pricing and speed - only one EVM connection: Base. we rely on smarter ppl than us (like @lifiprotocol @BungeeExchange and @SkipProtocol) to connect users to the rest of EVM Land if you love this pivot, great! dm me, i’d love to show you what we’re building and partner. if you hate this pivot, great too! let me know why I suck. for me, its better to stand for something (even if it turns out wrong) than to not stand for anything at all gmove, gsvm, gblend and GMEOW 🫡