Andy's Alpha #27: New Early Stage Deals & Onchain Opportunities
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of the market!
Andy’s Alpha is free. It will always be. If you wanna support my work feel free to hop on the free trial & access all the previous inner circle agendas, then decide if you want to continue:
I believe the market is about to absolutely rip face and send the state of CT into a world of drunkenness. I think Chris Burniske said if we rip hard here CT will be on level 4-5 drunk, which is where you’d think about exiting the market…
I’m not going to speculate on that, because I generally think we are so so early still.
With this ETF passing nearly *guaranteed* - who in their right mind is selling BTC here?
Anyways, the onchain activity is not slowing down. Pudgy Penguin NFTs are about to break to new ATHs, NFT marketplace volume is flying, Solana airdrops are hitting and NFTs flying there, STIPs on Arbitrum are really hitting now and yields are dramatically increasing.
I’m mega bullish right now. I mean, I just sold my car for ETH…doesn’t get more degen than that, does it?
Anyways, we still do have a few grants running as seen below. Lets get to the alpha though!
(Make sure you scroll down to the bottom and look through the Hot Deals Now section if you’re interested in any early stage venture plays)
FYI: We have three active grants now with about 8 hours left! Absolutely zero obligations. Thanks for the support as always fam, we’ll keep pushing 🥂
Donate to Arbitrum Citizens Retrofunding Grant Here
Donate to The Rollup Gitcoin GG19 Web3 Education Grant Here
Pledge to The Rollup RetroPGF3 Grant Here
SpiralDAO is the official sponsor of Andy’s Alpha.
SpiralDAO is dominating the $veMAV game. They are offering really good yields. If you have seen the Maverick token chart, you’ll be pretty pleased too.
Guuud UI/UX, guuud tech, smart team, easy to work with.
Get started with the high liquid locker yields here. The Maverick wars are starting soon.
Summer.fi is the official sponsor of Andy’s Alpha.
Summer.Fi is the OG MakerDAO Oasis app, now a rebrand and a fresh look. Massive TVL, huge lindy effect, and secure dApp. You can engage with some of the best DeFi protocols, earn yield, lend/borrow and much more.
Team is legit and chill. I like dis one. I’m all for the DeFi OGs lasting the test of time. If you’re doing anything on Aave, or with stablecoins, may as well bring it to Summer here.
Today’s Inspiration
“If you would be wealthy, think of saving as well as getting.” —Benjamin Franklin, Founding Father of the U.S.
Approved Alpha
Uniswap Fees:
Ethereum Predictions by 2023:
Vaultka x Radiant:
KyberSwap Hack:
FXS guud tech:
Synonym Finance Testnet + Retroactive Rewards (guaranteed):
Vertex:
Rain.fi:
My modular thesis :
New oracle on Starknet:
Synapse:
Entangle x Linea:
Cosmos:
Swell:
Maverick:
Cartesi:
IPOR:
Thread on RWA:
IntentX:
Article on Gearbox V3:
NFTs:
Watchlist:
Some alpha leaks from the founder of Overtime:
Pendle x Dolomite:
Crypto and AI:
Mantle:
UMA:
Synthetix:
Good entry:
Bookiebot:
Movement Labs x Avail:
Mode:
Fantom:
Buffer:
Timely News
Coinchange:
KyberSwap:
👀:
ETH L2 Blast:
Data Analysis
Some stats:
Top 10 projects:
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.
Zoth.io: Zoth is a on-chain marketplace which brings fixed income opportunities, offering high yield from RWAs. They are in the middle of their fundraise round, and have about 2M in commit for the 2.5M seed round with Stellar matching fund, BFF, M6 ventures, Huma Finance as sponsors.
Mon Studios: Building a really cool gaming hub on Avalanche. Valuation is 9M, TGE probably Q1-Q2 2024. Have tons of unique angles and already active gaming ecosystem. If you haven’t looked into gameFi this could be interesting.
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.