Andy's Alpha #35: The Post-ETF Hangover
Andy's Alpha #35: The Post-ETF Hangover
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of the market!
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If you’d been following along with my newsletter, you’ll know I took us on a bit of a journey so to speak referring to the market sentiment as a night out with your friends. We started ended with “We are F*CKING TRASHED” and it was only right that we ended there, as the market has now cooled off significantly. As for what’s next…
This cooldown period may last some time, I wouldn’t be surprised if we chop around until late mid Feb, but after that I expect the BTC halving narrative to start coming on strong and the community to get very very excited about whats to come after this dip. For me, its an obvious narrative:
BTC halving: Happens every 4 years. Reduces new issuance by 1/2. Every bull market in the past has exploded after the halving.
Ethereum EIP4844: Ethereum’s upcoming improvement proposal will significantly decrease tx fees on rollups, leading to significantly better UX and higher TPS across all rollups.
Ethereum ETF: The ETH ETF is probably going to pass within a few months, and the amount of flows from that will be insane. This is truly the “early majority” part of the typical tech adoption cycle leading into the “institution” happening. The rest of the world isn’t paying much attention, yet.
Modular Blockchains/Airdrops: This narrative is going to continue to dominate as TIA stakers earn more and more new tokens, as many of the top Modular blockchain projects are indeed tokenless. This is exciting for us.
For these reasons, I remain a bullish perspective and am expecting more fireworks. If you thought things were crazy a few weeks back, think another order of magnitude higher in terms of craziness.
Lets have fun.
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Today’s Inspiration
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson
Approved Alpha
IPOR:
EntangleFi:
Cartesi:
Parallel EVMs:
Across:
How to research projects:
Gelato:
The Great DA War:
Routescan:
Stargate x Omnibot X:
ZKX:
Sonic Labs:
Core DAO:
Pyth Network:
Jackal Protocol:
Fade Cramer:
Nostra:
pSTAKE:
Restaking:
ClayStack:
Hyperlane:
Premia Blue:
Overtime:
$DYM launch:
Maverick:
Movement Labs:
Buffer Finance:
Polygon CDK:
D8X:
Spiral DAO:
LI.FI:
Timely News
Bitcoin:
AI-powered chatbot:
#Bitcoin:
Big Tech set to dominate AI:
Data Analysis
Bitcoin, BTC, Grayscale GBTC:
Altcoin Season?:
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:
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.
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.