Andy's Alpha #29: Why I Believe This 'Dip' Is Just An Intermission Rather Than The Music Stopping
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of the market!
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The party has taken a weird turn following last weeks edition…
It seems like one of our friends has taken a tumble, drunkenly and knocked a girls drink out of her hand onto one of the sober guys (bears) hands. He didn’t take too kindly to that, and decided to clock one of our friends.
We took matters into our hands and single handedly kicked his ass (bulls), yet the bar is still a little shaken up.
Some people have started partying again like nothing ever happened (INJ, TIA, AVAX, SNX) yet the others (BTC, ETH, SOL) are a bit shaken up still. You know what would help boost the mood?
A bit more booze.
Lucky for us, we have the upcoming ETF decision, along with the infamous Santa rally which is all but guaranteed, and a halving on the horizon…along with many airdrops coming.
Why so bullish, you ask?
I believe we are in the process of breaking free of the typical 4 year bull cycle. I believe we will see much faster speculative bursts in this market, following by rough corrections.
This would put many people offsides are set up perfectly with the passing of the ETF.
Let’s dive in and stay ahead of the competition 👇
(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)
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Today’s Inspiration
"I'm convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance." -Steve Jobs
Approved Alpha
Sec3 audits:
Opportunities with EigenLayer:
Celestia deep dive:
BRC 20s:
Vertex:
Zeta:
Gems:
Radius:
Spiral DAO:
Pragma Cairo SDK:
Top must-read research articles:
Interop protocols:
Optimism:
IBC:
Beam:
Primex Finance:
IPOR Labs:
Ecosystem TVL:
The Rollup Podcast:
Premia:
Sperax:
The Modular Ecosystem:
The Bridge Between TradFi and DeFi:
$TIA:
Compound:
A narratives for 2024:
Scroll:
Seneca:
Coinbeats:
Insto money:
Gitcoin:
Timely News
Cointelegraph collaborating with @chainlinklabs:
The Block about crypto:
Watcher.Gugu about Logan Paul:
CoinDesk:
Data Analysis
ATH in total value bridged:
#Bitcoin dropped:
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.