monad
raised $244m from VCs
somehow they needed another $187m (lmfaoo)
total $431m, for a chain that isn’t even faster than an average l2
they announced the worst tokenomics the universe has ever seen (a true rival to celestia)
to make these awful tokenomics look less embarrassing, they started marketing that locked tokens “won’t be staked”
(as if that wasn’t supposed to be the default anyway)
their so called “ecosystem” is just a pile of evm forks and random “dot fun” trash
the founders shill memecoins that go to zero from day one
their growth team thinks bot engagement on twitter is ‘superior marketing’
they’re about to learn that real life isn’t just engagement farming and spamming gmonad in discord all day
the fact that even an ico open to US residents didn’t immediately fill to the brim was already a sign
after a garbage price action, $mon is still sitting at a $3b fdv
zero
@0xGrimjow The best (only?) way to build a real community in crypto is to make people rich
Launching into the bottom of a 40% market-wide drawdown is a blessing
I've again been going down the tokenization rabbit hole (including very deeply so through things MetaLeX is building) and once again need to bust these myths spread mostly by lawyers:
@lex_node My list is shorter, just uniswap + aave
Nearly all protocols in defi, including tokenized hedge funds, are only attractive due to the extra yield generated by giving away equity
Then you have protocols that exist only to offer leverage with which to max extract that equity
@adamscochran I’ve been off Twitter for 6 months, decided to fire up the bird app and this is the first post I see in my feed.
You’re 100% right.
The replies to your tweet are why I left and won’t scroll past this one.