Austin Barack

CIO @RockawayX Liquid. Fundamentals driven, directional long/short fund. Previously Founder & Managing Partner @RelayerCapital, Partner @CoinFund. nfa/dyor

[Austin Barack @AustinBarack]

The relative strength in $GRASS right now is super impressive. Very easy to see which assets are on investor shopping lists when there is a high correlation move lower by looking at the names that bounce back first/strongest

[jack-anorak--chris boulos @jack_anorak]

good illustration of the motivation behind Aero’s shipping predictive allocation, which uses markets to predict demand for liquidity

the best predictive model in the world isn’t going to beat a bunch of them competing to be the best

Net effect is better R:R for LPs

[Aero @aeroxyz]

~1 day in and the annualized inflation rate for Aero is looking clean.

Aerodrome inflation rate was ~12%
Initial projection for Aero was ~8%

The actual rate since launch? ~6.6%

A first look at the AER Engine's adaptive emissions at work.

[CRYPTO 101 Podcast @CRYPTO101Pod]

@aeroxyz New episode with @DromosLabs CEO to talk about the merge and all things base:0x940181a94a35a4569e4529a3cdfb74e38fd98631
.

Listen:https://t.co/IMIoLQ7b41…
Watch: https://t.co/bIjkPTM9lg

[Aero @aeroxyz]

Aero is here. Get on board.

[Antseed @AntSeed]

10.66 billion tokens in a single day

Antseed just hit a new all-time high

[Austin Barack @AustinBarack]

Antseed is going to be a very big player in the inference market

[Austin Barack @AustinBarack]

Antseed is going to be a very big player in the inference market

[Austin Barack @AustinBarack]

🛫

[jesse.base.eth @jessepollak]

Big day for Aero

🛫

[David @EffortCapital]

Yeah.

Disclosure: I have, and will continue to be, long solana:Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs

[Austin Barack @AustinBarack]

Why do you assume AERO emissions will be roughly the same? During the bootstrapping period I expect the Momentum fund will meaningfully increase LP incentives to attract TVL from other DEXs until the pools then become self sustaining from their own fees. Additionally, the value of incentives to LPs is priced in AERO and is hence very reflexive. Eg. a 2x increase in AERO price would double the USD value of LP incentive emissions without any change to the AERO amount. Regarding the 22%, where does that figure come from, haven't seen it anywhere before. Re Base, I think they have real moats there and don't expect that volume to be at play. Looking at AERO price action from your chart, I don't think that supports that people are pricing in success since as you noted token performance has been roughly in line with peers since markets started moving in August. Regarding market share, your analysis also fails to account for the major protocol level upgrades that improve the DEX design and imo will drive market share gains, outside of just the chain TAM expansion

[Austin Barack @AustinBarack]

Great research report on $GRASS published by @FalconXGlobal today.

In their base case analysis, they value Grass at $2.53 per token (249.7% above the current price) based on an average of crypto, big tech, and AI training data comps.

Looking just at major AI training data comps such as Scale AI, Surge AI, Mercor, Exa, Parallel, Firecrawl, and Tavily, $GRASS is valued at $3.69 (409.1% increase in price).

This all lines up very closely with my own internal model where I project fair value in the $4-5 range, driven by slightly higher long term projected revenue figures.

Definitely worth a read as @martin_gaspar1 does an awesome job laying out the business and growth opportunity.

Grass remains one of my two highest conviction AI tokens (along with $VVV). Great to see one of the top firms in digital assets also recognizing the strong setup here.

Not financial advice

[FalconX @FalconXGlobal]

https://t.co/Gaao9lPd61

[Austin Barack @AustinBarack]

Huge achievement, congrats to everyone that made this happen and all of the current and future users that will benefit from it!

[Solana @solana]

Alpenglow is now live on Solana mainnet. ⛰️

Finality just went from ~12.8 seconds to ~150ms.

The biggest consensus upgrade in Solana’s history, built by @anza_xyz.

[Austin Barack @AustinBarack]

Worth a listen, great deep dive into Grass

[Yan Liberman @YanLiberman]

New Delphi Podcast with Andrej Radonjic @0xdrej, founder of Grass

To a website, Grass looks like normal users browsing. Behind it is millions of opted in residential nodes and a data platform that has delivered exabytes of web data to the frontier labs

We get into how AI flipped the hard part of search upside down. The index used to be the moat, and crawling was free. Now AI tooling makes the index cheap, while AI crawlers have pushed the web into blocking everything. The hard part is getting the page at all

Training data is already a profitable business for Grass with most of the top labs and multiple Mag 7 companies as customers. Crawling for that data also means mapping the entire internet, which is what puts Grass in a position to build search on top of it. Contents API is live, Search is next, and multimodal grounding follows

00:00 Intro
00:43 From Nuclear Physics to Web Scraping
03:38 The Pandemic Signal Everyone Missed
07:31 The Smart TV Proxy Scandal
09:10 Why the Internet Is Blocking AI
11:56 Training Data vs Live Data
16:05 Mapping the Entire Internet
18:03 Delivering Exabytes to AI Labs
21:48 What AI Labs Really Pay For
24:43 How Robots Learn From Web Video
33:02 When Labs Change Direction
35:57 One API Call for Any Website
41:58 AI Flipped Search Upside Down
47:03 Can the Network Keep Up?
49:52 The Defense Tech of AI Data
52:58 Why Data Is the Alpha
57:08 Why AI Labs Won’t Buy Slop
59:17 The Metric That Matters Most
01:02:35 The $100 Billion Data Market
01:05:07 Who Actually Owns Grass
01:08:18 What a Real Moat Looks Like
01:13:16 What Happens Next

Disclosure. Delphi Ventures holds $GRASS

Full episode

[Aero @aeroxyz]

Aero launches soon. To ensure a smooth departure, we've compiled a list of resources here:

Upgrade Hub: https://t.co/bUMkdyX25B
Documentation: https://t.co/xABdyk6voA
Security/contracts: https://t.co/xkxLKA0hc9
Support: https://t.co/5dgAdLvvP6
Aerodrome guides: https://t.co/R4gA4VOr3Z
Velodrome guides: https://t.co/7quXGfoSvC

[Yan Liberman @YanLiberman]

New Delphi Podcast with Andrej Radonjic @0xdrej, founder of Grass

To a website, Grass looks like normal users browsing. Behind it is millions of opted in residential nodes and a data platform that has delivered exabytes of web data to the frontier labs

We get into how AI flipped the hard part of search upside down. The index used to be the moat, and crawling was free. Now AI tooling makes the index cheap, while AI crawlers have pushed the web into blocking everything. The hard part is getting the page at all

Training data is already a profitable business for Grass with most of the top labs and multiple Mag 7 companies as customers. Crawling for that data also means mapping the entire internet, which is what puts Grass in a position to build search on top of it. Contents API is live, Search is next, and multimodal grounding follows

00:00 Intro
00:43 From Nuclear Physics to Web Scraping
03:38 The Pandemic Signal Everyone Missed
07:31 The Smart TV Proxy Scandal
09:10 Why the Internet Is Blocking AI
11:56 Training Data vs Live Data
16:05 Mapping the Entire Internet
18:03 Delivering Exabytes to AI Labs
21:48 What AI Labs Really Pay For
24:43 How Robots Learn From Web Video
33:02 When Labs Change Direction
35:57 One API Call for Any Website
41:58 AI Flipped Search Upside Down
47:03 Can the Network Keep Up?
49:52 The Defense Tech of AI Data
52:58 Why Data Is the Alpha
57:08 Why AI Labs Won’t Buy Slop
59:17 The Metric That Matters Most
01:02:35 The $100 Billion Data Market
01:05:07 Who Actually Owns Grass
01:08:18 What a Real Moat Looks Like
01:13:16 What Happens Next

Disclosure. Delphi Ventures holds $GRASS

Full episode

[Aero @aeroxyz]

Docs are LIVE ✈️

Ahead of tomorrow's launch, we're sharing an advanced preview of the all-new Aero documentation.

Click through to learn about new features like Predictive Allocation, Autopilot, and Metaswaps, and how they all come together.

Dive in👇

https://t.co/5fBPWiaQi7

[Elon Musk @elonmusk]

As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible

[KoolKrypto @koolkrypto223]

Since September the $AERO share of spot RWA volume (green) has been inching closer and closer to parity with the $UNI share (blue). ty @Blockworks for graph

This is before they deploy on mainnet, RH chain, Arbitrum, Elysium (?👀?) etc...

Not extremely hard to see where this trend is heading.

[Austin Barack @AustinBarack]

Hard to not be very bullish on the future of AI growth, demand for compute, continued compute constraints, and rapid acceleration in intelligence after listening to the @SpaceX earnings call.

Feels like this earnings report / call could be a turning point for equity markets to quell the AI growth fears