Fundamentals

In this episode, we’re joined by Jayendra Jog, the Co-founder of Sei – a general purpose, open-source Layer 1 blockchain offering infrastructure optimized for the exchange of digital assets. We discuss what Sei is and what the main optimizations are that they have focused on. We cover the current state of the blockchain market sector, and Sei’s position within it. We discuss striking a balance between efficiency and decentralisation, we walk through Sei’s current developer and user bases, breakdown the importance of EVM compatibility, and as a timely topic cover why Sei would be a suitable option for the specialized backend that MakerDAOs NewChain needs. We also break down Sei’s economic model, what the best metrics are to measure the success of an L1, and much more. Tune in for a great discussion about the fundamentals of Sei, and the broader blockchain market sector. Sei: https://www.sei.io/ Docs: https://docs.sei.io/ Jay on X (Twitter): https://twitter.com/jayendra_jog Sei on X (Twitter): https://twitter.com/SeiNetwork Sei Labs on X (Twitter): https://twitter.com/Sei_Labs Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:25 Sei’s thesis & core value proposition 05:53 The main optimizations that Sei is focused on 12:17 Striking a balance between efficiency and decentralization 15:01 How is Sei positioned within the blockchain market? 18:45 Sei ecosystem: apps and projects 20:43 Sei ecosystem: current userbase 23:16 Monolithic vs. modular blockchains 25:02 What is the importance of EVM-compatibility? 27:51 MakerDAO’s NewChain: Why is Sei a better fit compared to EVM? 31:21 Core contributors to the development of the Sei blockchain 32:23 Economic model: How does Sei accrue value? 36:07 Ensuring economic sustainability 38:41 Current challenges related to growth 40:55 What’s next for Sei? … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Sei #Blockchain #Fundamentals #Blockchain #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Jason Kam, the founder of Folius Ventures – a fund that invests in, evangelizes, and builds web3 initiatives. We discuss Folius Ventures, their investment strategy, and how they approach the market. We speak about project discovery, due-diligence, decision-making, and the role that data plays in analyzing investment opportunities. We then move on to speak about Jason’s thoughts on Blur and the NFT market, MakerDAO and his thesis on an MKR trade, and also explore the new hot thing in web3 social, friend tech. Tune is for a great discussion about how Jason views and analyzes different investment opportunities and market sectors in crypto, and how he leverages his prior tradfi experience to gain an edge in the market. Jason’s Twitter: https://twitter.com/MapleLeafCap Folius Ventures: https://www.folius.ventures/ Folius’ Twitter: https://twitter.com/FoliusVentures Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:40 Folius Ventures: fund overview, strategy, mission 03:37 Investment discovery process 05:28 Due-diligence and decision-making 09:40 What role does data play in the investment process? 12:41 Thesis on BLUR and the NFT marketplace sector 18:34 Competition and the future of the NFT marketplace sector 21:07 How should an investor view the creator royalty debate? 23:54 The MKR trade: is owning MKR akin to having equity in Circle and Tether? 28:31 How actively does Folius Ventures trade vs. buying and holding? 29:55 friend.tech & web3 social – Jason’s thesis 36:58 How does Jason stay up to date with everything going on in the market? … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #FoliusVentures #Blur #MKR #friendtech #Fundamentals #Crypto #tokenterminal

In this episode of the Fundamentals podcast, we’re joined by Niklas Kunkel, the Founder of Chronicle – an oracle service born out of MakerDAO’s Oracle Core Unit that will be launching publicly in September 2023. To cover the basics, Oracles are decentralized networks that bridge critical information from the real world to the blockchain. Chronicle currently provides exclusive support to MakerDAO’s total user deposits of $5.2b, meaning that it has captured a 22% market share of the total value secured by oracles, making it the second largest oracle behind Chainlink. In this episode with Niklas, we discuss what Chronicle is and the story behind it, how it works, and what sets it apart from other Oracle solutions on the market. We speak about ensuring hyper-scalability and ensuring the security of the protocol after which we cover Chronicle’s business model, quantify the market opportunity at hand, learn about the team behind the protocol, and hear what Niklas thinks will be the biggest drivers and challenges related to growth. Finally, we speak about how Chronicle’s relationship with MakerDAO will develop going forward, and what we can expect to see coming out of Chronicle Labs over the next few months. Check out the Chronicle Dashboard: https://chroniclelabs.org/dashboard Chronicle Labs: https://chroniclelabs.org/ X (Twitter): https://twitter.com/ChronicleLabs Niklas: https://twitter.com/nomos_paradox Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:42 Chronicle’s mission 04:10 From MakerDAOs Oracle Core Unit to being the Chronicle Protocol 07:27 Maker-grade quality 08:39 Chronicle’s position within the market & unique selling propositions 14:59 Achieving hyper-scalability with Scribe: a 66% reduction in gas usage 26:09 Chronicle’s approach to building a truly secure protocol 28:26 Chronicle’s business model 31:01 Quantifying market potential 37:56 The team behind Chronicle 40:01 What will Chronicle’s relationship with MakerDAO be like going forward? 42:39 Expected challenges and growth drivers post-launch 45:04 The biggest learnings Niklas has taken away from his time building in crypto 48:24 Upcoming milestones: Scribe, RWAs, and expansion … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. This episode is sponsored by Chronicle Labs. #Chronicle #Oracle #Fundamentals #Blockchain #Crypto #TokenTerminal

In this episode, were joined by Dominic Williams, the Founder and Chief Scientist as DFINITY, a major contributor to the internet computer blockchain. The Internet Computer is a general-purpose blockchain that hosts canister smart contracts. It is designed to provide a World Computer that can replace traditional IT and host a new generation of Web3 services and applications that run solely from the blockchain, without the need for traditional IT. It can also play the role of Web3 orchestrator, by interacting with traditional blockchains. In this episode with Dominic, we talk about the big vision behind the Internet Computer, and what the journey has looked like from initial idea to launching mainnet. Dominic walks us through the main technical innovations that have needed to be introduced to enable the vision for a true world computer, and we speak about the compelling real-world use cases that the IC can facilitate, and how adoption has been progressing for some of them. Over the next hour, we cover the evolution of smart contracts, identity authentication, open internet services, and building tamperproof, autonomous, and sovereign infrastructure. Tune in for a great discussion about restoring the Internet to its open, innovative, and creative roots. Internet Computer’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/internetcomputer DFINITY: https://dfinity.org/ Internet Computer: https://internetcomputer.org/ DFINITY on X (Twitter): https://twitter.com/DFINITY Dominic on X (Twitter): https://twitter.com/dominic_w Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:01 Replacing the legacy IT stack 04:38 Building web3 services 100% onchain, instead of on AWS 07:09 The inspiration for building a World Computer 13:12 The problems with legacy IT & rethinking our backend tech platform 14:22 Fulfilling the World Computer vision: Funding, R&D, and attracting talent 18:32 A blockchain that plays the role of cloud 3.0 will always be complex 19:28 Technical innovations: Proof of useful work consensus 22:08 Technical innovations: Chain-key cryptography 24:58 Technical innovations: Reverse gas model 25:19 Technical innovations: Canister smart contract framework 27:04 Technical innovations: How blockchain became a cloud 28:23 Technical innovations: Service Nervous System (SNS) DAO 30:14 Internet Identity 33:39 Building apps on the Internet Computer 34:33 OpenChat 39:35 Chain-key tokens: a cryptography- based replacement for wrapped tokens 41:00 True composability: linking together all blockchains without bridges … … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #InternetComputer #DFINITY #ICP #Crypto #Blockchain #TokenTerminal #Fundamentals

In this episode of the Fundamentals podcast, we’re joined by James and Vincent, the founders of Modular Capital – a crypto investment firm with a fundamental and thesis-driven approach. In this episode, we discuss Modular Capital, their investment strategy, the underwriting process, and how they work with the projects they invest in. We discuss what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. We speak about the pros and cons of liquid venture, the role that data plays as part of the investment process, and walk through some case examples of investments Modular has made. Finally, we discuss what developments James and Vincent are most excited about in crypto right now. Tune in for a great discussion about the fundamentals of crypto. Modular Capital: Site: https://www.modularcapital.xyz/ Twitter: https://twitter.com/Modular_Capital James: https://twitter.com/jamesjho_ Vincent: https://twitter.com/vincentjow_ Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ------------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ------------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ------------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.substack.com/ ------------------------------------------- Timestamps: 00:00 Introduction 01:10 First impressions of Base 04:10 James' introduction & background 06:13 Vincent's introduction & background 07:38 Overview of Modular Capital 10:51 The problem that Modular Capital solves for investors 12:10 What makes crypto interesting from an investor's point of view? 17:38 Biggest misconceptions that traditional investors have about crypto 20:36 Traditional vs. liquid venture: pros and cons 25:34 Is liquid venture more resource intensive? 29:28 What do fundamentals mean in crypto? 31:00 Modular Capital's investment underwriting process 33:15 Data's role in the underwriting process & what metrics does Modular focus on 38:03 Case: dYdX 43:47 Case: Across 47:24 How does Modular work with the projects they invest in? 49:40 What trends or market sectors currently stand out? 56:42 The biggest challenges that funds face in crypto today Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol.Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Fundamentals #ModularCapital #Blockchain #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Evan Fisher, the founder of Portal Ventures – a fund that is accelerating the protocol economy through business fundamentals. Portal Ventures identifies and supports crypto businesses that will define the next generation of our economy. They advise on strategy, roadmap, go-to-market, value capture, fundraising, and more. In this episode with Evan, we discuss Portal Venture, their investment strategy, and how they work with the projects they invest in. We cover what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. We also break down the pros and cons of liquid venture, discuss crypto business models, and speak about whether crypto projects are software or marketplace businesses. Finally, Evan shared what he is most excited about in crypto right now. Tune in for a great discussion about the fundamentals of the protocol economy. Portal Ventures: Site: https://portal.vc/ X (Twitter): https://twitter.com/PortalVentures Evan: https://twitter.com/evanbfish Explore market sectors, metrics, project dashboards, financial statements, trending contracts, and more: https://tokenterminal.com/terminal Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 00:58 Evan’s introduction & background 02:53 Overview of Portal Ventures 05:12 The problem the Portal Ventures solves for LPs 07:40 Is Ethereum a marketplace or software business? 10:10 The biggest misconceptions that traditional investors have about crypto 13:28 Crypto business models & how does Evan approach valuing early-stage projects that don’t yet have cashflows? 15:27 The pros and cons of liquid venture 18:24 Portal Ventures’ investment underwriting process: sourcing, diligence, decision-making 22:06 What stage does Portal Ventures invest at? 23:25 Does every investment need to be able to theoretically return the fund? 25:30 How does Portal Ventures utilize data? 27:41 How does Portal Ventures work with the projects they invest in? 31:22 The lack of non-technologists in crypto 32:03 Investment case: Blueprint (Concrete) 35:10 What is Evan most excited about in crypto right now? 37:30 The biggest challenge that funds face in this space today? … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Fundamentals #PortalVentures #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Getty Hill, the Co-Founder of GFX Labs, a multi-faceted blockchain research and development company. GFX Labs operates as both a crypto products studio and an active DAO governance contributor. On the product side, GFX has built various products including Interest Protocol, Web3 Sheets, and most recently the advanced DeFi trading platform Oku Trade which is powered by Uniswap v3. On the governance side of things, which GFX is widely known for, they have an active role in the governance of MakerDAO, Optimism, Uniswap, 0x, and Arbitrum. We speak about how GFX operates, the current state of DAO governance, and what an ideal DAO could look like. We dive into Uniswap’s fee switch and GFX’s stance on it, and also discuss the onchain borrow-lend market sector, the biggest opportunities and challenges in that space, and much more! GFX Labs Site: https://gfx.xyz/ Twitter: https://twitter.com/labsGFX Oku Trade Site: https://oku.trade/ Twitter: https://twitter.com/okutrade Getty's Twitter: https://twitter.com/getty_hill Uniswap’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/uniswap Lending market sector on Token Terminal: https://tokenterminal.com/terminal/markets/lending Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:06 UniswapX: first impression 03:38 Overview of GFX Labs 04:50 The core problem that GFX Labs solves 06:25 How does GFX Labs fund operations? 10:00 A primer on DAO governance 11:12 Which DAOs stand out as of today? 12:43 How does GFX Labs approach and contribute to DAO governance? 14:15 Current voting power 16:12 Is DAO governance professional enough yet? 19:10 The shortcomings in current DAO governance models 22:12 Is voting power too centralized? 23:17 The Community Proposal Factory (CAP): what and why? 24:48 The problem with Snapshot voting 25:54 The amount of effort that goes into governance proposals 28:23 Uniswap's fee switch 31:02 Why is now the right time to turn on the fee switch? 34:54 Where have previous fee switch proposals fallen short? 36:40 State of the onchain lending market 38:40 Undercollateralized lending in DeFi 41:12 Current opportunities within the lending market sector 42:10 What's next for GFX Labs? Oku Trade … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #GFXLabs #DAO #Crypto #Uniswap #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by H.E. Justin Sun, the Founder of Tron – a layer 1 blockchain. We discuss Tron’s position within the blockchain market and the core optimizations they have focused on. We also uncover the drivers behind Tron’s market-leading user activity numbers, speak about the network’s impressive traction in emerging markets, what perspective blockchains should be analyzed and valued from, and plans for the future. TRON’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/tron Site: https://tron.network/ Twitter: https://twitter.com/trondao Justin: https://twitter.com/justinsuntron Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:01 Tron’s core value proposition 01:49 The main optimizations that Tron has focused on 04:12 User activity on Tron (current state & drivers) 07:33 Expanding outside of emerging markets 10:31 What applications are best suited to be built on Tron? 13:00 Valuing blockchains as settlement layers 15:56 What’s next for Tron? … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. #TRON #TRX #Blockchain #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we’re joined by Chris Abiaad, the founder of frens capital – a thesis-driven investment fund focused on liquid digital assets. frens capital’s strategy is to make long-only investments based on fundamentals and the core principles of value investing. We discuss frens capital's investment strategy and what makes web3 interesting from an investor's point of view, and also break down liquid venture and why is it a superior form of investing compared to traditional VC. We cover the differences between web2 and web3 business models and moats, and speak about some 0-1 tech unlocks that could open up the space for mass adoption. Tune in for a great discussion about the fundamentals of value investing in crypto. frens capital: Site: https://www.frens.capital/ Twitter: https://twitter.com/frenscapital Chris: https://twitter.com/Chris__AA Blur’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/blur Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 04:19 Overview of frens capital 05:36 What do fundamentals mean in crypto? 07:07 The problem that frens capital solves for investors 09:40 Liquid venture vs. traditional venture 12:26 How does frens work with the projects they invest in? 14:00 What makes crypto interesting for investors? 15:33 Web2 vs. Web3 business models & power laws 19:47 Moats in crypto 24:06 Tech unlocks that Chris is excited to see play out 27:15 Market inefficiencies 30:05 Relative valuations 31:07 Deal-sourcing and decision-making 34:35 What metrics does Chris focus on when analyzing projects? 36:02 An investor's point of view on token incentives 38:22 Blur: Developing an investment thesis 42:26 What is Chris most excited about in crypto right now … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Fundamentals #frenscapital #Blockchain #Crypto #TokenTerminal

In this episode of the Fundamentals podcast, we're joined by Kain Warwick, the founder of Synthetix – a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi. Synthetix is built on Ethereum and OP Mainnnet. How it works is that synthetic assets, and associated products, are collateralized by stakers via the SNX token, which when locked in a staking contract enables the issuance of synthetic assets, called synths. This pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties. In this episode with Kain, we discuss the initial vision behind Synthetix and how V3 aims to fulfill this goal, we cover the lessons learned along the way, recap the fundamentals of Synthetix’s economic model and discuss the state of revenues, inflation, SNX staking, and maintaining the general health of the protocol. We also speak about how Synthetix is currently positioned within the market and where they see the biggest opportunities, increasing demand for trading on Synthetix, how the current tech stack will scale, the core contributors behind the project, current drivers and challenges, and more. Synthetix’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/synthetix Synthetix: Site: https://synthetix.io/ Twitter: https://twitter.com/synthetix_io Kain: https://twitter.com/kaiynne Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:30 The initial vision and goal behind founding Synthetix 03:58 The venture case for Synthetix 06:13 Lessons learned that have led to the development of V3 10:14 How V3 fulfils what Synthetix set out to achieve in the early days 13:45 The effects of evolving into a permissionless liquidity layer 18:24 Synthetix’s economic model 23:07 SNX staking: maintaining the health of the protocol 25:08 SNX staking: encouraging all SNX holders to stake their tokens 27:02 SNX staking: introducing new collateral assets 28:24 Synthetix’s current user base & attracting new traders 30:52 What assets does Synthetix have a competitive edge for? 35:33 Driving adoption: user experience vs. number of assets listed 36:52 Is an optimistic rollup’s performance enough? 39:17 Building liquidity infrastructure and user-facing products in parallell 43:03 The team behind Synthetix 45:56 Kain’s role at Synthetix 48:04 The current state of revenue generated on Synthetix & thoughts on how it will develop 52:04 What metrics and KPIs are best suited to measure/value derivatives exchanges? 55:30 Are token incentives an expense for Synthetix? 59:05 The biggest opportunities for Synthetix in the coming years … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. #TokenTerminal #Synthetix #Fundamentals