Andy's Alpha #26 - CZ Resigns, Market Unphased, And Dealflow Alpha For You
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of things!
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The end of an era, folks. What a time to be alive. CZ is officially pleading guilty and paying a $4.3B fine to the DOJ. CZ has been a true inspiration to the entire space and really has upheld the ethos of crypto as a whole:
He’s treated his users, the community, and everyone involved in a fair manner while allegedly doing shady things with governments.
We’re yet to see what happens with the case, but I feel for CZ as he put the entire industry on his back to get here. Its impressive.
After a super hectic week at Devconnect, I’ve put together a newsletter with some of the best content I saw this week, news, data analysis and a deal flow section at the bottom for those who are wanting to get some early dealflow.
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Now, lets dive in…
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Today’s Inspiration
“If you want to be financially free, you need to become a different person than you are today and let go of whatever has held you back in the past.” — Robert Kiyosaki
Approved Alpha
OKX launches zk L2:
Vertex LBA Completed:
Onyx x Avalanche :
Sushi x ZetaChain:
PancakeSwap:
Synonym Finance:
Awaken wrote Good article about taxes and FriendTech:
Spartan invests in Pendle:
Key takeaways about Liquid Restaking:
Braavos:
Pendle Info Bot:
Tons of alpha:
Minterest Dynamic Wallet:
PRINT3R Goblin Mode Updates:
Swell:
Premia:
Mantle:
IPOR:
MakerDAO Deep Dive:
IntentX:
Gearbox:
SOL pool on Camelot:
Solana:
Kyber x Metamask:
Espresso explains:
Airdrops:
Coinbase:
AI agents:
UMA:
Unibot:
Fundraises this week:
Cosmos airdrops:
Entangle:
Movement Labs:
Mode:
Buffer:
Timely News
Binance invests in Arkham:
Tether:
Germany granted crypto custody license:
Sam Altman was fired as CEO of OpenAI:
Deal Flow
Mode Network
An Ethereum L2 designed with contract revenue-sharing incentives at the protocol layer
Entanglefi
Fully composable, oracle and cross-chain infrastructure laver built for institutions and Web3 ecosystems
Synonym
A universal cross-chain credit layer
Data Analysis
$NEAR:
Pyth:
Hot Deals Now
This is a new section I’ve decided would be a great addition to the newsletter because I often have founders who are raising in close contact with me, some deals I ape, some I pass.
Here’s how this works:
I’m going to list out the deals that I have access to along with the public info available. I’ll explain my thoughts on the deal, and sometimes may or may not invest in them myself.
In my private agenda, I’ll share the deals which I entered and why. Also, paid subs will have priority for these deals alongside myself. No we will not do anything together, but if you want in it’s highly likely I can make it happen if I invest as well.
Regardless of subscription status, my personal goal is to democratize access to opportunities for smaller capital & help founders raise more capital, consistently.
Today’s deal flow begins with several quality projects:
Synonym Finance: Synonym is utilizing wormhole to become a REAL cross-chain (or omnichain) money market where users can deposit on one chain and borrow on the other. Users can source liquidity from all the ‘buckets’ within Synonym. Right now the testnet is live, and there will be retroactive rewards for those who aren’t sybilling it. They are looking for some funds/angels if I’m not mistaken.
Swell Network: Swell is one of the biggest LSTs in the market right now, sitting at over $100M. They have raised from some of the biggest angels in crypto and have the backing of Ethereum OGs like Sassano. They have already proven PMF in the space and appear to be a clear leader amongst Lido, RocketPool, Diva, and another teams.
Mode Network: Mode is led by James Ross (link) and he is building a general purpose L2 based on the OP Stack. The “collective co-op” is aiming to share sequencer fees, and offer interesting developer incentives. They are live on testnet now, as well as developer mainnet. They will likely receive a fair amount of support from Optimism. They will launch mainnet in Q4 or early Q1.
Primex Finance: Primex has raised in 2021 at $40M val from GSR and others, and is now looking to do another round in Q1 as they gear up for cross-chain deployments and likely token sometime in 2024. They have launched on Polygon already and you may have seen them in this newsletter from time to time.
If you are interested in a deal, fill out this form here.
Disclaimer: Nothing in this section should be construed as investment advice, financial advice, legal advice, or tax advice. I am not a financial advisor. Investing in early-stage crypto projects is one of the highest risk profiles in the entire world. I, nor The Rollup team, will be entering any deal with you. There may be deals I do without putting them here. There may be deals I don’t do which I put here. I am choosing to do this to help projects and capital allocators connect. If you do invest in one of these projects, I may earn a referral fee or commission. You are responsible for your capital allocations and if you do commit in a round, I am not liable for the success or failure of any given project. Good luck, anon.