lex_node
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The thing is, @sreeramkannan as a computer scientist with a philosophy bent understands crypto much better than vast majority of people and founders.
You can see he talks about it very differently--in terms "credible commitments" etc. Iykyk, this is the *real* value prop of crypto.
Unfortunately this also means Eigenlayer and its value prop is somewhat esoteric for most people to understand, which is probably why they're moving in the direction of building out the apps themselves (e.g. EigenCloud) rather than just being a protocol/platform.
What I'd love to see is them squarely address equity vs. token value accrual because if it were clear I'd probably load up on $EIGEN, but right now too hard to tell. . .
You can see he talks about it very differently--in terms "credible commitments" etc. Iykyk, this is the *real* value prop of crypto.
Unfortunately this also means Eigenlayer and its value prop is somewhat esoteric for most people to understand, which is probably why they're moving in the direction of building out the apps themselves (e.g. EigenCloud) rather than just being a protocol/platform.
What I'd love to see is them squarely address equity vs. token value accrual because if it were clear I'd probably load up on $EIGEN, but right now too hard to tell. . .
MetaLeX ⚡️cyberCorps funding 💸app updates, per your popular requests:
1. new issuer type (non-U.S. entity) and round compliance strategy (Regulation S) added for both SAFE and SAFE/Warrant rounds:
2. click "duplicate deal" to spawn a new deal with the same terms (ensuring round uniformity):
3. improved hub views for founders:
4. improved portfolio view for investors:
Less obvious:
--many backend changes to let us add new/custom deal types very quickly
Coming very soon:
-->SAFT
-->SAFTE
Coming pretty soon:
-->accredited investor certification
-->true 'round' functionality
Coming soon-ish
-->form your cyberCORP in-app rather than bringing your own
Remember, your investors get NFTs representing their investments--you can toggle transferability on and off & let your stockholders participate in the emerging cybernetic economy.
MetaLeXio 🖖😎
1. new issuer type (non-U.S. entity) and round compliance strategy (Regulation S) added for both SAFE and SAFE/Warrant rounds:
2. click "duplicate deal" to spawn a new deal with the same terms (ensuring round uniformity):
3. improved hub views for founders:
4. improved portfolio view for investors:
Less obvious:
--many backend changes to let us add new/custom deal types very quickly
Coming very soon:
-->SAFT
-->SAFTE
Coming pretty soon:
-->accredited investor certification
-->true 'round' functionality
Coming soon-ish
-->form your cyberCORP in-app rather than bringing your own
Remember, your investors get NFTs representing their investments--you can toggle transferability on and off & let your stockholders participate in the emerging cybernetic economy.
MetaLeXio 🖖😎
MetaLeX ⚡️cyberCorps funding 💸app updates, per your popular requests:
1. new issuer type (non-U.S. entity) and round compliance strategy (Regulation S) added for both SAFE and SAFE/Warrant rounds:
2. click "duplicate deal" to spawn a new deal with the same terms (ensuring round uniformity)
3. improved hub views for founders:
4. improved portfolio view for investors:
Coming very soon:
-->SAFT
-->SAFTE
-->any custom deal types you want (contact us!)
Coming pretty soon:
-->accredited investor certification
-->true 'round' functionality
Coming soon-ish
-->form your cyberCORP in-app rather than bringing your own
Remember, your investors get NFTs representing their investments--you can toggle transferability on and off & let your stockholders participate in the emerging cybernetic economy.
MetaLeXio 🖖😎
1. new issuer type (non-U.S. entity) and round compliance strategy (Regulation S) added for both SAFE and SAFE/Warrant rounds:
2. click "duplicate deal" to spawn a new deal with the same terms (ensuring round uniformity)
3. improved hub views for founders:
4. improved portfolio view for investors:
Coming very soon:
-->SAFT
-->SAFTE
-->any custom deal types you want (contact us!)
Coming pretty soon:
-->accredited investor certification
-->true 'round' functionality
Coming soon-ish
-->form your cyberCORP in-app rather than bringing your own
Remember, your investors get NFTs representing their investments--you can toggle transferability on and off & let your stockholders participate in the emerging cybernetic economy.
MetaLeXio 🖖😎
X not happy with socialFi methinks. . .
for securities, there is actually no 'liquidity problem' that is solved or substantially helped solely by tokenization
liquidity is primarily a legal/regulatory problem, secondarily a business problem (e.g. why let real markets decide your valuation when private markets can pump it?), and only thirdly a liquidity/market mechanisms problem (maybe could be helped by AMMs and other DeFi stuff, or 24/7 trading infra, etc.). . .
crypto can however help a ton with programmability/composability, governance, deal making, etc.
naturally L1s and L2s and DeFi apps will be most interested in trying to get stonks that *trade actively onchain* (this pumps MEV, REV, helps justify performance-based L1 / L2 marketing metrics, etc.) and will try to fund/subsidize that aspect (including even hand-holding companies to IPO), but imo it's a bit of a red herring, real value unlock for securities is programmability. . .
liquidity is primarily a legal/regulatory problem, secondarily a business problem (e.g. why let real markets decide your valuation when private markets can pump it?), and only thirdly a liquidity/market mechanisms problem (maybe could be helped by AMMs and other DeFi stuff, or 24/7 trading infra, etc.). . .
crypto can however help a ton with programmability/composability, governance, deal making, etc.
naturally L1s and L2s and DeFi apps will be most interested in trying to get stonks that *trade actively onchain* (this pumps MEV, REV, helps justify performance-based L1 / L2 marketing metrics, etc.) and will try to fund/subsidize that aspect (including even hand-holding companies to IPO), but imo it's a bit of a red herring, real value unlock for securities is programmability. . .
for securities, there is actually no 'liquidity problem' that is solved or substantially helped solely by tokenization
liquidity is primarily a legal/regulatory problem, secondarily a business problem (e.g. why let real markets decide your valuation when private markets can pump it?), and only thirdly a liquidity/market mechanisms problem (maybe could be helped by AMMs and other DeFi stuff, or 24/7 trading infra, etc.). . .
crypto can however help a ton with programmability/composability, governance, deal making, etc.
naturally L1s and L2s and DeFi apps will be most interested in trying to get stonks that *trade actively onchain* (this pumps MEV, REV, helps justify permance-based marketing metrics, etc.) and will try to fund/subsidize that aspect (including even hand-holding companies to IPO), but imo it's a bit of a red herring, real value unlock for securities is programmability. . .
liquidity is primarily a legal/regulatory problem, secondarily a business problem (e.g. why let real markets decide your valuation when private markets can pump it?), and only thirdly a liquidity/market mechanisms problem (maybe could be helped by AMMs and other DeFi stuff, or 24/7 trading infra, etc.). . .
crypto can however help a ton with programmability/composability, governance, deal making, etc.
naturally L1s and L2s and DeFi apps will be most interested in trying to get stonks that *trade actively onchain* (this pumps MEV, REV, helps justify permance-based marketing metrics, etc.) and will try to fund/subsidize that aspect (including even hand-holding companies to IPO), but imo it's a bit of a red herring, real value unlock for securities is programmability. . .
if you are building some kind of trading infra and focused on memecoin/fun stuff, imo NFT infra could be better in some ways than coin infra, because securities will be represented as NFT certificates and any NFT infra can be used for that as well if RWA cycle goes parabolic. .
some see ETH as "digital oil", and I think there's some validity to that
personally I think of it as a share of the cybernetic economy
personally I think of it as a share of the cybernetic economy
advanced draft cyberSAFT posted, will aim to get on the MetaLeX cybercorps funding app in the next few days
this was requested/suggested by a lot of you--hope you use it!
https://github.com/MetaLex-Tech/publicDocs/blob/main/cyberKs/cyberSAFT/cyberSAFT%20Reg%20D%20v.1.0%206.15%20draft.pdf… https://pic.x.com/eFK51dcwgl
this was requested/suggested by a lot of you--hope you use it!
https://github.com/MetaLex-Tech/publicDocs/blob/main/cyberKs/cyberSAFT/cyberSAFT%20Reg%20D%20v.1.0%206.15%20draft.pdf… https://pic.x.com/eFK51dcwgl
advanced draft cyberSAFT posted, will aim to get on the MetaLeX cybercorps funding app in the next few days
this was requested/suggested by a lot of you--hope you use it!
https://github.com/MetaLex-Tech/publicDocs/blob/main/cyberKs/cyberSAFT/cyberSAFT%20Reg%20D%20v.1.0%206.15%20draft.pdf
this was requested/suggested by a lot of you--hope you use it!
https://github.com/MetaLex-Tech/publicDocs/blob/main/cyberKs/cyberSAFT/cyberSAFT%20Reg%20D%20v.1.0%206.15%20draft.pdf
there is a common argument/vibe in crypto nowadays that founders should basically launch scams/pump and dumps to get runway to build something real
is there even a single example, in crypto or otherwise, where this actually happened--founders made blowout fast money from something scammy, & used it to fund something real and meaningful?
I feel like the counterexamples are abundant--e.g.
is there even a single example, in crypto or otherwise, where this actually happened--founders made blowout fast money from something scammy, & used it to fund something real and meaningful?
I feel like the counterexamples are abundant--e.g.
doing a SAFT for you guys even though I hate them
there is a shockingly wide 'quality range' of participants in crypto
quality is not equated to success, money, or any other personal or project metrics--it relates to deep understanding of cryptosystems and their related philosophies, and a willingness to take the time & energy needed to 'get it right'
lawyers with broad practices actually have a unique exposure to see players on all spots of the range; you can sense the quality almost immediately...
quality is not equated to success, money, or any other personal or project metrics--it relates to deep understanding of cryptosystems and their related philosophies, and a willingness to take the time & energy needed to 'get it right'
lawyers with broad practices actually have a unique exposure to see players on all spots of the range; you can sense the quality almost immediately...
spent my public speaking points on the DeFi Roundtable this week, so there will be no MetaLeX spaces today
feel free to suggest topics for next week!
https://www.youtube.com/watch?v=O0Ba4Vn62HQ
feel free to suggest topics for next week!
https://www.youtube.com/watch?v=O0Ba4Vn62HQ
it's still so strange to me that crypto has made NYC its hub...incredibly high taxes, Dem-dominant, woke, everything that's holding the U.S. back...I get that Wall St. is there but you can just visit for meetings..."ya just can't get good pizza & bagels anywheres else"
Someone do the secretary "hello HR???" meme but it's gwart and voh both saying decentralization does not matter with gwart as the chad.
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