Papi

CMO @solomon_labs | Investing @monkeventures | Prev. @MagicEden, @MultiChain, @Merck | Opinions my own

[Papi @PapiChuloGrim]

I’m VERY excited to announce I’m joining @solomon_labs as CMO!

There have been a few clear winners going into the next cycle: RWAs, perps, stablecoins.

There is one jarring problem with stables today: holders put up all the risk, issuers get all the upside. More than $10 BILLION of it annually.

Every stablecoin is effectively a loan. The holder is the lender. The issuer keeps the interest.

If you want any upside, it means staking, wrapping, trusting 5 smart contracts.

Solomon’s stablecoin $USDv, soon to launch publicly, flips this on its head: a single user opt-in means earning by default… indefinitely.

Using any other stable is leaving money on the table, and you don’t need to change how you behave onchain.

Earn:

•⁠ ⁠In your wallet
•⁠ ⁠In an LP
•⁠ ⁠In a lending market
•⁠ ⁠As idle liquidity

The big picture with Solomon is more than just USDv. USDv is a showcase of an engine that can power any asset and allow users to route their rewards.

In a future state, this COULD look like:

•⁠ ⁠Hold a tokenized stock in wallet 1
•⁠ ⁠Receive a dividend to wallet 2
•⁠ ⁠Choose to receive the dividend in $ANSEM, $CARDS, $SOL or any other currency

Excited to be building this future on @solana as part of the @MetaDAOProject ecosystem. The $SOLO token represents ownership onchain in this journey, which means no token games or gimmicks. A real breath of fresh air for me.

A big thanks to @oxranga and team for the opportunity.

If you made it this far, be sure to give @solomon_labs a follow!

[ranga @oxranga]

The dollar side of a liquidity pair is a capital allocation decision.

For a long time, the choice was mostly limited to one or two stables with little differentiation. We settled on a default and stopped asking if things could be better.

Pairing with a productive stable improves net economics. Yield on the dollar side offsets the base rate cost of capital, reducing what MMs have to absorb or pass on to traders through spreads.

This will be obvious in hindsight.

More quote assets coming soon.

[Solomon Labs @solomon_labs]

The dollar you pair with should pay you.

USDv puts the cash side of liquidity to work: 3.5% APY on the USDv portion, on top of swap fees.

For GOLD/USDv, LPs with @orogoldapp are now enjoying a 9.77% annualized yield (7D).

[Digi @digiii]

years of sleepless nights, now ready for clients

Solomon Labs lets you stack the rules on who gets rewarded:

- genius act compliant
- held 30+ days
- holding on a partner platform

layer the rules, reroute the rewards.

[Papi @PapiChuloGrim]

USDv is uniquely positioned to provide an elevated, safe experience to users looking for a bit of edge on the risk they take naturally every day!

[Digi @digiii]

Legacy stablecoin providers have strong moats. Big brands like PayPal and SoFi can buy their way in with massive bankrolls and incentives. Meanwhile, a lot of crypto-native stablecoins sit on the higher-risk end of the spectrum.

USDV sits in the safe middle:
• Similar reserve profile to USDC
• Yield tracks the T-bill rate (~3.5–5%)
• No extra smart contract risk

Safe yield. No extra risk.

[Papi @PapiChuloGrim]

Stop losing value in your positions

[Digi @digiii]

You SHOULD be getting more from your liquidity provision…

Papi from Solomon Labs shows how liquidity providers can boost a Raydium LP from 8.5% to over 10% by making the stable leg $USDV

“why wouldn’t you or your business want additional upside?”

[Digi @digiii]

You SHOULD be getting more from your liquidity provision…

Papi from Solomon Labs shows how liquidity providers can boost a Raydium LP from 8.5% to over 10% by making the stable leg $USDV

“why wouldn’t you or your business want additional upside?”

[Papi @PapiChuloGrim]

@SOLbuckets @Packly_gg I need some more expensive packs to rip 👀

[Digi @digiii]

WHAT IS @solomon_labs?

Solomon Labs breaks down what they’re actually building. Not just another stablecoin. The infrastructure for programmable monetary policy onchain.

[Papi @PapiChuloGrim]

@spoilerbull Hit my breaking point 😭

[spoiler @spoilerbull]

Solomon CMO @PapiChuloGrim says one failed mint is the reason he’s on Solana today.

Back in 2021 he was trading on ETH on the side while working full time at Merck. He tried to mint a Sneaky Vampire Syndicate NFT. The mint failed and still charged him around $90 in gas.

His thought was simple. If we want this space to grow, that experience isn’t going to do it.

So he moved to Solana. Before Solomon, he was CMO at Multi-Chain Advisors and led marketing at Magic Eden.

Video Courtesy: @digiii

[Papi @PapiChuloGrim]

@oxranga “Knowing which dependencies are worth accepting, which you can responsibly bring in house, and being honest about where your own competence ends”

Captain 🫡

[Digi @digiii]

We went BEHIND THE CURTAIN with @solomon_labs today

1. What Solomon is and why people should care
2. Why Solana still lacks a dominant stablecoin issuer - and how Solomon changes that
3. What sets $USDv apart and why it should become the default
4. $SOLO as the only ownership/governance coin - MetaDAO raise, no other equity
5. Current AUM, growth trajectory, and 2027 targets
6. The real product: infrastructure behind the stablecoin (future of the suite)
7. Partnerships (Raydium, Onre, Oro, Ore, MetaDAO)
8. 2027 outlook and what he’s most excited about

[Solomon Labs @solomon_labs]

Solomon CMO @PapiChuloGrim is going live with @digiii to talk all things productive assets.

[Papi @PapiChuloGrim]

@toly And now solana:USDvUSpnhCr9yBgj3UyVrD239HRUv4RsHwH2FxsWuMk makes idle dollars productive by nature 👀

[Papi @PapiChuloGrim]

@HamzaNFT7 @snixie Lmao

[Papi @PapiChuloGrim]

@digiii @solomon_labs TODAY

[Digi @digiii]

BEHIND THE CURTAIN EP5: @solomon_labs

Today. Making every asset productive.

[Papi @PapiChuloGrim]

@ImDenixSol Great article. Soon everyone will be using a better dollar 🫡

[Denis @ImDenixSol]

https://t.co/zXnX8MiIa7

[Solomon Labs @solomon_labs]

Dollars at work. Earnings delivered.

The second USDv distribution is complete. Dollars in wallets, treasuries and liquidity pools earned without changing how you use them.

No staking. No wrapping. No lockups.

Every onchain dollar should work this way.