Modular Capital

Fundamental and thesis-driven crypto investment firm. No investment advice

[Mack 🦾 @DegenMack]

Metaplex DAO continues to accumulate $MPLX

That's 25% of the total supply held by the DAO that's not in circulation

Eventually there won't be any supply left

[Michael Bentley @euler_mab]

A year ago Euler had under $4m in deposits.

Today Euler has almost $4b.

We’ve spent a minuscule fraction of what others have to get here.

We are relentless.

We are just getting started.

More coming soon.

[Sehaj @0xSehaj]

🔒in.

[Piyush D ∿ @314yush]

ATH ATH ATH ATH

The northstar for us post TGE was to scale OI and Liquidity.

We've gone 3x now - scaled OI capacity to over $200M.

100M OI loading...

[Michael Bentley @euler_mab]

Euler is disproportionately good at generating fees and revenue.

7d fees on Euler the same as Morpho, and we have our fee switch ON.

Did you know the protocol quietly bought back 172k EUL and burned an additional 50k EUL?

That's 0.8% of the total supply in 1 year, anon.

[Euler Labs @eulerfinance]

162% revenue growth in the quarter.

Return to fundamentals.

[Sehaj @0xSehaj]

Lots of comments lately about $AVNT price action. The job of a good team in DeFi is to never comment on price, but rather focus on three important pillars, 24/7:

- Long-term alignment: To ensure this is systematically the case for Avantis team and investors, we have a one year cliff and 2.5 year linear vest for all investors and team members. This is fully verifiable onchain.

- Community first: $AVNT TGE started with a 12.5% , fully unlocked community airdrop. In an era of supply controlled TGEs, our team managed to execute one of the largest airdrops on @base by dollar value, positively changing the lives of thousands of true believers. Our community fully deserves this outcome ! We're also actively listening to the community's voice on the role of $AVNT in the protocol (including staking benefits, buy-backs and more). We'll have a lot more to share in the coming days and weeks.

- North Star: Our north star is to create the universal leverage layer of DeFi. We're proud to offer perps on assets that no one else can (RWAs) along with differentiated ways of trading them (high leverage, profit sharing). We work 24/7 towards our north star and are excited to see OI, TVL and DAUs up multiples after TGE.

P.S - we're all human. What makes us equals is our ability to contribute to the global onchain economy. While your love and support fuels us, the opposite is also true: racism, hate and misinformation adds no value to the onchain economy or our daily lives, and also hinders our ability to march towards our collective vision.

We've been building in public for 2.5 years now, and we won't be backing down anytime soon! Fearless in the way of what may come, because we're committed to our north star and our community.

Back to building 🫡.

[Sehaj @0xSehaj]

Since our TGE 2.5 weeks ago, here's the change in @avantisfi metrics:

- Open interest: Up 5x.
- Avg Daily Volumes: Up 3x.
- Run-rate revenues: Up 100% (crossing $30M annualized).
- DAUs: Up 3x.
- LP fee share -> 100% of fees.

Post TGE is the true day 1: https://t.co/D5lLkjjFfu

[Joe Flanagan @joe_defi]

Deep look report at the future of Asset Management.
Now with $4bn in AUM @maplefinance is at a scale to imagine and create that future...Onchain Asset Management

[Piyush D ∿ @314yush]

ICYMI: YOU CAN NOW TRADE US EQUITIES PERPS FULLY ONCHAIN ON @avantisfi

[Sehaj @0xSehaj]

The fastest launch to hit $1B onchain volumes on @base. Glad we partnered with the chads at @AerodromeFi.

Never under-estimate the power of community !

https://t.co/QXSYjBkOR9

[Robert Leshner @rleshner]

There’s now >$1,000,000,000 in Superstate tokenized funds, $USTB and $USCC.

I’m grateful to our partners, clients, and friends that have helped us reach this milestone 🥰

[Sehaj @0xSehaj]

Update: @avantisfi in top 3 now.

Job is far from done 🫰

[Mack 🦾 @DegenMack]

The $MPLX circulating supply on Coingecko and Coinmarket Cap has been updated to exclude the 242mm tokens (24% of total supply) held by the Metaplex DAO

While the token is fully unlocked, there is a substantial portion of the supply that is unlikely to ever enter circulation

[Sehaj @0xSehaj]

Season 3 is 3 times larger in dollar value than S1+S2 combined, yet its only 1/3rd the duration🤯.

See you in the trenches, I'll be competing fair and square across both trading and LP points, just like I did in S1 and S2.

Great for building user empathy, and even better for ROI 🤝

You are indeed early - join us as we hyperscale Avantis.

[Chakra Labs @chakra_ai]

Today, we're excited to announce GLADOS-1, the first computer-use (CUA) model post-trained using collective, crowd-sourced trajectories.

Post-trained on UI-TARS-7B-SFT, we improved performance of the base model on OSWorld.

[Avantis @avantisfi]

We're excited to announce 40,000,000 in $AVNT rewards for Season 3!

With 4% of $AVNT (currently worth over $80M) allocated for XP holders within the next 5 months, Season 3 is set to be not only our most rewarding points season ever, but also the shortest 🧵

[Sehaj @0xSehaj]

Happy ATH day @avantisfi !

Meeting demand is always a great problem to solve for, but please bear with us as we scale up OI capacity to $100M+.

[Pendle Intern @PendleIntern]

Pendle now generates > $100m revenue per year

That is quite a bit of money(!!!) 👏

Might do a breakdown of our different revenue streams in a bit so y'all can see what we're playing with

Pendle

[GEODNET @GEODNET]

The Robotics narrative is just getting started 🤖🔥

While the sector heads toward trillions ($370B by 2034, $5T by 2050), crypto’s robotics mcap sits at only ~$440M. We are still early, anon.