makes sense, MPC gives you the registry, which is the easy half imo.
the hard part is cost basis, internal transfers between a user's own addresses that look like disposals but aren't, fee attribution, staking income vs rewards.
that's the gap between raw transfers and the 1099s you mentioned.
we power that for coinbase, fireblocks, uniswap, revolut, privy, safe + several tax platforms.
would be fun to compare notes, DMs open!
crypto lore
@Dharma_HQ did more for DeFi than most others.
they spent vc money to onboard users straight into @Uniswap pools
• paid your gas
• subsidized swap rates
• connected your bank account
I remember turning a hundred bucks into 5 figs via Dharma during DeFi summer, with hundreds of dollars in gas fees reimbursed
this was before "points" or paying for traders was a thing in crypto.
@opensea bought them in Jan 2022.
the Dharma mafia is quietly building:
@NadavAHollander (CEO) → opensea cto → building something new
Brendan (COO) → opensea → @coinbase → founder https://t.co/Wl7MzOFfVj
@sidrmsh (GTM) → VC @nascentxyz → coinbase pm → building something new
I still think about that Dharma gradient sometimes 🎨
crypto lore
this is the actual telegram chat in august 2018 where the name DeFi got picked.
@HendoVentures & @injeyeo liked it as it comes out as "Defy".
the other candidates were
• open financial protocols (ofp)
• lattice network
• open horizon
we got so lucky,
I like onchain finance & DeFi.
crypto lore
@Dharma_HQ did more for DeFi than most others.
they spent vc money to onboard users straight into @Uniswap pools
• paid your gas
• subsidized swap rates
• connected your bank account
I remember turning a hundred bucks into 5 figs via Dharma during DeFi summer, with hundreds of dollars in gas fees reimbursed
this was before "points" or paying for traders was a thing in crypto.
@opensea bought them in Jan 2022.
the Dharma mafia is quietly building:
@NadavAHollander (CEO) → opensea cto → building something new
Brendan (COO) → opensea → @coinbase → founder https://t.co/Wl7MzOFfVj
@sidrmsh (GTM) → VC @nascentxyz → coinbase pm → building something new
I still think about that Dharma gradient sometimes 🎨
crypto lore
this is the actual telegram chat in august 2018 where the name DeFi got picked.
@HendoVentures & @injeyeo liked it as it comes out as "Defy".
the other candidates were
• open financial protocols (ofp)
• lattice network
• open horizon
we got so lucky,
I like onchain finance & DeFi.
the industry's biggest, least discussed challenges is rebranding from 'crypto'
we are 100% focused on investing in businesses that use blockchains to deliver better/cheaper/faster financial products, but many don't identify as 'crypto'
have not seen great answer for what's next