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Spencer Applebaum
Multicoin Capital
@SpencerApplebau
GP & Co-Head of Venture @multicoin not investment advice, read our blog for the best research and insights in crypto multicoin.capital
NYC
multicoin.capital
Joined July 2013
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  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    May 28, 2021
    For those who've "been waiting to buy the DeFi dip" Sell-off was catalyzed entirely by BTC fud (China, Musk/ESG, options dealer squeeze) ... and DeFi is down ~50% in BTC terms even though protocols held up well w L2 on the horizon, if you're not a buyer here idk what to say
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Jun 20, 2019
    1. ETF could be approved in Oct 2019 2. Bakkt tests in Jul 2019 3. Cambridge Assoc. report 4. Yale endowment invests in 2 crypto funds 5. BTC Futures volumes surged in May 6. Fidelity offering custody + execution Along with macro situation, how can you not be bullish BTC today?
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Sep 10, 2024
    0/ Excited to share Multicoin's thesis and valuation on $DRIFT, the native token of @DriftProtocol ! Link here -
    Drift ($DRIFT) Analysis and Valuation
    From multicoin.capital
    214K
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Jul 23, 2020
    It's clear by now that there are 2 competing ecosystems in DeFi (1) the silicon valley establishment (Compound, MakerDAO, 0x) (2) the KOL-led more innovative projects (Aave, Synthetix, Curve, Rune, Bancor) Pretty obvious where relative returns + growth are skewed right now
    user avatar
    Spencer Noon 🕛
    @spencernoon
    Jul 23, 2020
    It’s official: @AaveAave has flipped @compoundfinance in Total Value Locked 🚀
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    May 17, 2021
    on undercollateralized loan models in DeFi 1) on-chain tx history for credit score 2) off chain credit score - @useteller 3) private underwriters - @maplefinance 4) whitelisted contracts - iron bank 5) credit delegation - @AaveAave 6) social reputation - @TrustToken any others?
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Apr 9, 2019
    A thread in English on what v2 means for @AugurProject: 1/ Dai-denominated Markets: Augur markets are currently denominated in ETH. This means that users must take on two forms of risk: risk in the market they’re betting on, and the ETH-USD price. Dai will remove the second risk
    user avatar
    Augur
    @AugurProject
    Apr 9, 2019
    Augur v2: A Tour of the Prediction Protocol’s First Major Upgrade augur.net/blog/augur-v2/
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Jun 4, 2019
    1. I recently had a chance to dig into @MakerDAO statistics for the past 1.5 years since SCD launch (@bennybitcoins pays attention to Maker day-to-day, so he's better for specific Q's) Anyways, the conclusion of the data set is amazing. Maker is growing at a staggering pace 💯
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    May 7, 2019
    1/ Ripple offers 3 products to financial institutions: 1) xCurrent: a platform used by banks to settle cross-border payments (utilizing Interledger); 2) xRapid: uses XRP as a bridge currency for transfer flow; 3) xVia: an interface designed to make xCurrent + xRapid easier to use
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Apr 22, 2021
    at this point we probs don't need to worry about the capital gains tax proposal
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Apr 9, 2021
    Dropped out of school to join Multicoin > 3 years ago and my mom still thinks i'm ngmi 🥴
    user avatar
    (Adam, Adam)
    @adampatel23
    Apr 8, 2021
    I told my mom we onboarded @coinbase to the @defialliance today at work and she still thinks I’m ngmi unless I get a degree
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Apr 8, 2021
    btc run probably a result of usdt printing
    user avatar
    *Walter Bloomberg
    @DeItaone
    Apr 8, 2021
    ROBINHOOD SAYS IN Q1 2021, 9.5 MLN CUSTOMERS TRADED CRYPTO ON ROBINHOOD CRYPTO, COMPARED TO 1.7 MLN IN Q4 2020 - BLOG
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    May 17, 2022
    Folks have told me in recent days that other crypto VCs are slowing down deal pace & cutting check sizes FYI we're open for business and our venture fund is deploying as aggressively as ever IC team DMs are open @KyleSamani @tushar_jain @kankanivishal @shayonsengupta @mattshap1
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Nov 29, 2023
    0/ Multicoin led Sei's seed round last year and have been working closely with @jeffdfeng @jayendra_jog and team since then We've been continuously amazed with their pace of execution, and v2 is an ambitious step towards their vision of creating the optimal chain for DeFi
    user avatar
    Jay
    Sei
    @jayendra_jog
    Nov 29, 2023
    Excited to announce Sei v2 - the first parallelized EVM, allowing Sei to get the best of Solana and Ethereum - a hyper optimized execution layer that benefits from the tooling and mindshare around the EVM A technical 🧵
    39K
  • user avatar
    Spencer Applebaum
    Multicoin Capital
    @SpencerApplebau
    Aug 4, 2020
    Surprised no one on crypto twitter is talking about Portnoy... Would be the biggest BTC catalyst since Paul Tudor Jones announced he's buying