The hidden truth of crypto is that it has insane product market fit, it’s regulatory arbitrage.
Socrates
1,456 posts
Socrates
@Socrates0x
Co-founder @cortex_protocol labs, @SynapseProtocol.
Building the first AI model and agent that understands crypto.
Joined March 2021
- Hitting the nail on the head here. It's all about UX and unlocking new user behaviour for mainstream crypto adoption. As a space, we've been stuck in this mentality since the last cycle, when "scaling blockchains" was the hardest problem. Transactions were expensive and slow.Synapse is launching an L1 for complete chain abstraction that allows users to initiate an action on Cortex and execute across other chains. Big vision and will take a lot of work to rollout but it would represent a huge upgrade to crypto UX $SYN at $109MM FDV is trading at a
- Replying to @Socrates0xLeft curve: ppl care about decentralization Midwit: crypto doesn't have PMFit Right curve: it has insane PMFit, 50% reg arb & 50% most fun casino
- We're looking to contract an animator for a short marketing video. If you're a talented animator, DM me an example of your work.
- The time has come. I can't wait to share everything we've been working on for the past 18 months. Get ready for the coming weeks.Cortex L1 - blockchains, unified. Secured by $SYN
- Synapse has received a 2m ARB($3.8M) grant from Arbitrum DAO. Anticipating this grant will: - Accelerate the launch of RFQ bridging - Incentivise $4B in bridge volume for the Arbitrum ecosystem - Generate $3M+ in protocol fees My proposal: forum.synapseprotocol.com/d/1308-allocat…
- Put up a proposal to use $5M from Synapse DAO to run an RFQ relayer. Estimated to save and earn $4.43M over the next 12 months for the DAO: - Save 2M $SYN in emissions due to RFQ's capital efficiency - Generate $2.2M in net new fees forum.synapseprotocol.com/d/1542-5m-prot…
- Synapse DAO holdings are sitting at $17M+ in non-native assets. All from fees & grants. Decentralised, no VCs, just a few anons on the internet building a war chest to take over. Community source: synapse-treasury-frontend.vercel.app
- .@SynapseProtocol You are more beautiful today than you were yesterday. New portfolio page looking good.
