Stratos - Rennick Palley (Episode #30)

Oct 18, 2023

Rennick Palley, Founding Partner of Stratos, talks about his research and understanding of blockchain infrastructure, the importance of investing in seed rounds, comparing valuations of monetary assets, token dynamics, and exciting projects like Celestia. He also shares his contrarian takes within and outside of crypto.

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Introduction

00:00 • 3min

Wealth, Opportunities, and Fund Strategies in Asia

02:59 • 6min

The Potential Impact of Crypto Growth on Financial Systems

09:11 • 3min

The Global Demand for Stable Coins and Investment Strategy

12:16 • 22min

L2 Blockchain and Data Availability Layers

34:30 • 15min

The Importance of UX and Network Effects in Crypto, Changing Convictions about Bitcoin and ETH

49:25 • 3min

Tax Benefits and Opportunities: The Trade-Off

52:16 • 4min

In this episode, Ben sits down with Rennick Palley Founding Partner of Stratos, a seed stage focused blockchain venture fund. Rennick is known for his research and understanding of blockchain infrastructure which he integrates into his equity research background. Stratos’ thought leadership into value accrual and token design offers unique insight for those interested in digital asset and network fundamentals. Let's get into it. Timestamps 1:36 How was the trip to Singapore? 2:08 What are some of the dynamics in Asia? 5:49 What is your background? 7:49 What would the world look like if your investments went 10x? 13:02 Why is it important to invest in the seed rounds? 16:45 Comparing the valuations of monetary assets and financial assets? 20:12 How do token owners accrue traditional value? 22:04 What is the business model for L2s? 26:02 Who is making the decisions around token dynamics: dev teams or token holders? 33:50 Where do data availability projects like Celestia fit in? 35:51 What is data availability? 38:10 How is Celestia's $TIA token integrated into the network? 40:30 What are some of the projects that Stratos is most excited about? 46:37 How is Dymension different than Cosmos 49:26 What is your most contrarian take within crypto? 52:40 What is your most contrarian take outside of crypto? 54:49 Where can people learn more about you and Stratos? Resources Mentioned Monetary Assets vs. Financial Assets Exploring the Economics and Network Effects of Layer 2 Solutions Babylon Celestia Intro to EigenDA Fuel Dymension Connect with the guest Stratos Capital https://www.stratos.xyz/ Follow Rennick on Twitter/X https://twitter.com/RennickPalley Disclaimer Ben Jacobs is a partner at Scenius Capital Management. All views expressed by Ben and the guests of this podcast are solely their opinions and do not reflect the opinions of Scenius Capital Management. Guests and the host may maintain positions in the assets or funds discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of their personal opinion. This podcast is for informational purposes only.