Are They Getting Users Because It's Organic?

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L1s at this point are effectively just companies with tokenized equity. They're going to be slightly different ways to evaluate a DAO versus a company, but realistically you're going to evaluate them in very similar ways. And what it means is that constructed narratives like what you had in 2021, just they're not going to hit the same because you're actually going to see a discrepancy in usage and uptake of these different platforms.

GoldenTree, one of the largest independent asset managers with $47 billion AUM recently announced their official foray into the crypto space with a new subsidiary GoldenChain and a $5.2 million investment in Sushi

While traditional funds entering the crypto space is becoming more common, GoldenTree’s entrance is huge news because of their caliber and active investment strategy

Today on Blockcrunch, we have Avi Felman, GoldenChain’s Head of Digital Asset Trading to share with us:

How might crypto markets evolve over the years
Frameworks for short-term and long-term trading
GoldenChain’s thesis for $5.2 million investment into Sushi and their plans

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:01:42) – Avi’s road to investing in crypto professionally

(00:05:52) – GoldenTree, a $47b fund’s foray into crypto

(00:09:19) – Evolution of crypto markets

(00:20:37) – Categorizing different bets

(00:26:12) – System for short-term trading

(00:31:43) – Investing for the long-term

(00:36:30) – GoldenTree’s investment thesis in SUSHI

(00:42:53) – Restructuring a decentralized organization

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----------- More Resources ---------

Guest

Avi Felman’s Twitter: https://twitter.com/AviFelman

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.