PaperImperium

PaperImperium

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All things DeFi, economics, regulation, and Stardew Valley. Views and opinions do not reflect those of GFX Labs

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I’ll confess I’m a bit confused why Tether needs to raise money if it’s making $10b/year. The grab bag of venture investments suggests they don’t even know what to do with the money they already have. Is this is a liquidity event for some existing investors? Anyone know?

Scoop: Tether is making a final push to raise funds at a $500 billion valuation, giving investors a deadline to commit to the deal within the next two weeks, according to sources. Based on the outcome, it will decide whether to proceed with the fundraise

For non-fiction, I still passionately believe physical books to be a superior UI. It is simply faster to flip between half a dozen open books on my desk for research than it is handle pdfs, e-readers, browser tabs, etc. For reference material it also secures your supply chain from the whims of publishers or distributors - you self-custody the knowledge in your home or at worst a university library. I will admit that lack of CTRL-F hurts, though.

This seems relevant to repost. Curators should probably be holding a bottom tranche (below even a junior if there is one) in all but the most vanilla, boring vaults. There also needs to be easier ways for depositors to monitor credit migration or material strategy changes within a vault after their initial deposit. A lot of this is driven by lack of appropriate tooling and communication infrastructure in DeFi, but it’s also hard to see the incentive to improve it until depositors demand it in earnest.

It’s time for Curation 2.0. The curator model was a big advancement, but there are some commonsense enhancements that can result in a better product for users. Tranching is back in vogue lately. I think I’ve had at least three teams reach out to me about tranching design. Where

My personal experience with Warren’s office is that they are very low-information people on finance and pretty comfortable being that way. I still remember explaining to her banking advisor that MakerDAO ≠ The DAO. It took a little convincing.

Elizabeth Warren turned out to be one of the most profound disappointments imaginable as a Senator. Presented as a technocrat interested in what works, actually the absolute worst of the slopulists. x.com/igorbobic/stat…

For those unfamiliar, 7 Siblings is an industrial-scale farmer. Originally named for 7 MakerDAO vaults they maintained. twitter.com/ImperiumPaper/stat...

Today is my first day as Economics Lead at MegaETH. @megaeth’s approach to its onchain economy is a good match for my own, and I’ll be focused on helping MegaETH grow a thriving onchain economy that solves real problems for real people, companies, and organizations.

What weird or wonderful projects have recently launched that I might not have heard of? RWAs, lending, payments, chains, bridges, DEXes, consumer apps, anything More unique the better.

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