Andy's Alpha #31: Your Grandma Is Your Exit Liquidity
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of the market!
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After having some beers with my hometown friends last night, I realized the world has no idea that this BTC ETF is about to be passed.
My bro’s are pretty in the loop about crypto and have been HODLers for some time now, but they were shocked when I told them in just a week the BTC ETF would be approved.
Now, imagine what happens when parents, grandparents, and uncles/aunts hear they can buy BTC in their 401K...imagine how hard you’ll dump all over their faces! Well, if you’re not drunk enough.
In last weeks issue I mentioned that the intermission was over, the music was back on and we are officially drunk yet not wasted:
I believe in the next few weeks were going to get really f*cking wasted. Like, trashed. Hammered. The onchain activity is not slowing down. Pudgy Penguin NFTs are about to break to new ATHs, Solana NFT marketplace volume is flying, airdrop farming is in full effect, altcoins are running hard, and it seems like everyone still involved is making good money.
This is all BEFORE the ETF. I think the ETF is going to put fuel on the fire and send everyone into a state of absolute madness, and I think BTC will go higher & faster than anyone expects. Part of my thesis for the upcoming years in crypto is we’ll see shorter more speculative bursts, rather than a 4 year cycle as we’ve seen for the last 15 years.
It just makes more sense. The 4 year cycle is too obvious now.
So, what does this mean for you? Take the current times seriously, don’t mess around as we don’t know how long this will last.
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Today’s Inspiration
If you fail to seize the learning opportunity when things go wrong, you're missing out on an important lesson. Look for the lesson in every outcome. — Melinda Emerson (American small business expert)
Approved Alpha
Particle Network:
Stake.link:
DeFi 2024:
Manta Network:
WINR Protocol:
Nostra:
Possum:
Avalanche:
D8X:
Top must-read research articles:
Osmosis podcast:
Routescan:
Solana DeFi strategy:
ETH:
IPOR:
Bitcoin:
Bitcoin ETF:
Meter.io:
23 Golden opportunities:
Taiko:
Modular Media:
ZkLend & PRAGMA:
Metis:
Solana memecoins:
Axelar:
Bitcoin:
The Hercules Stablecoin Vault:
The trend of points and airdrops:
CT:
Timely News
CZ guilty:
Bitcoin faces risk:
Billionaire Tim Draper says:
Coin Desk about Metis users:
Data Analysis
Starknet:
Tokenized U.S. Treasury market grows:
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.