kyall
@kyall_walker
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General Partner https://t.co/rQrBttlysr | Founder https://t.co/AiIko2nu74 | More than 50 Founders backed | Ex @hansa_network
Melbourne
Joined April 2017
Introducing Persistence Capital. Persistence is a liquid fund investing in a small number of high quality, yet undervalued assets. Despite crypto being in a bull market, many venture funds are underwater. This is driven by the disproportionate amount of capital in the venture market driving crazy valuations. When these tokens hit the public market there isn't enough capital to absorb the supply and price declines - eroding returns for investors. Persistence will seize on this asymmetry to capture venture-like returns without many of the risks of early-stage investing inc founder, execution, market, illiquidity + more. Our investments will centre around: - AI is Cryptos Killer Use-case - DePIN Business Models - Digital Commodities - Disintermediation and Real-world Cashflows
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@Rowdymode I think the benchmark should be based on human performance ie rem equivalent for same outcomes. Why this > human for same price. It won’t take holidays, get sick, quit or take me to HR 🤣
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@gmoneyNFT The $4B for the outstanding ones plus another $4B for when he gets fined for launching a memecoin
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This will continue to happen until the asymmetry between institutional venture + liquid closes. Over priced seed rounds with no long capital to absorb post TGE. Huge opportunity for liquid hedge funds to go long on those that actually do something useful.
Since TGE: - Starknet | -87% - Mode | -70% - Blast | -85% - zksync | -47% - Scroll | -50% - Dymension | -87% - Berachain | -59% - Hyperliquid | +1100% We just had almost $10B in long liquidations. $17B in unlocks will have hit the market by end of April since Jan (@0xSynthesis1). The market can no longer absorb execution environments that add no value.
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Genius idea
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🧠
Here's a quick example to help you understand: Let's say you have a position with: - 100 ETH collateral - $10000 of debt (5000 USDC & 5000 USDT) Now trader wants to trade 1000 USDC to 1000 USDT. So trader will pay back your 1000 USDC debt & borrow 1000 USDT and pay 0.1% trading fees. So your final position will now be: - 100 ETH collateral - 4000 USDC debt & 5999 USDT debt ($1 trading fee reduced the debt by $1) So trading fees pay back your debt. So smart collateral allows your debt to become productive liquidity.
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When the market pukes people retreat to safety. That safety is fundamentals. No more junk. It’s PvE time.
When the market nukes like it has done recently, it signals a reset in the incoming market structures to come. Excited for the comeback of fundamentals. This is the only path forward. Incoming builder arc.
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People who question @elonmusk motives. He literally wanted OpenAI, to be open. If he was a bad actor he would have cut the cheque and let it go private. But he didn’t.
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I feel seen
@BitPaine Diet is almost everything. If someone intermittent fasts and basically eats meat/eggs/greens/berries twice a day, almost as much as they want, it’s hard to have flab. And that’s without much testosterone. Those with it have that additional maximization.
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@0x_clem @infinex_app Is swidge proprietary or is it using a third party for cross-chain swaps?
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@TraderNoah Agree. You can buy these tokens at or below seed valuations without sacrificing illiquidity and the same new venture risks. The ones that deserve a bid will get it on merit.
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This is both an over generalisation and yet true for the majority of crypto x AI projects.
“crypto ai” is by and large a forced narrative. a number of startups that r solving real problems use ai and crypto as features here n there in their product, and they don’t call themselves “crypto ai” startups.
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