Crazy how Paxos’ proposal, one of the most bullish things for a crypto in a while is getting rejected. Barriers to entry are already insane, and we’re gatekeeping adoption just to protect “native markets”? Makes zero sense.
Hyperliquid $hype
All $HYPE stakers are now able to signal which team they would like to receive the deployment rights for the USDH HIP-1 ticker.
This happens on ValiDAO's governance platform.
🧵
Almost exactly 6 years ago I started the process to raise for what eventually became @solana. I talked to every connection I had, went to every startup and crypto meetup and tried to get in front of everyone that I possibly could.
Even if they didn’t want to lead I would ask for a conditional angel check in case we got a lead. It took me over two months and hundreds of pitches to get to $500k worth of handshake angel checks. Most VCs thought that the alt L1 thesis was already played out.