jae

Founding Partner @ManifoldTrading | ex @wharton @pennengineers

[OpenMind @openmind_agi]

Today, we are thrilled to announce our $20M raise led by @PanteraCapital.

The future of thinking machines is OPEN.

[jae @_jaechung]

Great work Henri! Proud of where Privy has come :)

[Henri Stern Ꙫ @sternhenri]

I'm very excited to share this - a lot of how we build is modeled after @stripe's craft and attention to detail.

On our end, we're excited to push even harder for our partners across the many verticals crypto impacts today!

It's going to be a very exciting few years!

[jae @_jaechung]

Stablecoins = true PMF in crypto

Don't see this growth stopping anytime soon

[Stable @Stable]

We’ve spent the past year quietly building new financial infrastructure — backed by @Bitfinex and @USDT0_to.

Today, we’re stepping out of stealth. 💥

Introducing Stable, a new Layer 1 blockchain where USDT is the native gas, and peer-to-peer USDT transfers are free.

Built for institutions. Designed for scale.

Keep reading 🧵

[jae @_jaechung]

Frens telling me I've had impersonator accounts larping as me for a while

This is my only account

I don't post much and don't shill random shitcoins on my TL

Unfollow/block/report impersonators please 🙏 thank you

[jae @_jaechung]

@ExcelMaxi LMEOW

[jae @_jaechung]

why do we listen to this cartoon cat

[CL @CL207]

told our quant this would be a better name, what are we making @_jaechung buy chat

[Manifold @ManifoldTrading]

"We're just gambling on vaporware" is a common theme echoing through CT.

It seems like crypto only found PMF in pure speculation on shiny tickers.

Where do we go from here? In our more recent thesis, we dive deeper into where we see the game evolving: https://t.co/8Z9eYcTZLa

[jae @_jaechung]

@Evan_ss6 why u have to post this bro

[jae @_jaechung]

@sershokunin repulse bayyyyyy

[jae @_jaechung]

lmaooo too good

[Thanatos @ThanatosCapital]

Looking at my deck after checking leaderboard makes me feel some type of way.

@fantasy_top_
@0xMikado @TravisBickle0x @LilMoonLambo @muzzyvermillion

[travis bickle @travisbickle0x]

speaking 10min daily with @a_chang888 and @_jaechung is the biggest bio hack i have ever tried

[jae @_jaechung]

brought to you by @fantasy_top_ ✨ https://t.co/nvZbTpg8CN

[jae @_jaechung]

LFG so happy for our boy Jandy

[JandX @JandX_]

we won

[CL @CL207]

any aspiring quants in cats followers ? dm your resume for intern / job at cat fren @_jaechung's prop trading shop manifold

[ReframeBot @reframe_bot]

The first telegram trading bot for @osmosis is live!!

Try it here: https://t.co/GGTMD8832n

Support: https://t.co/44PKI1RyUP

[SynFutures @SynFuturesDefi]

TGP Leaderboard Update
🗓️March 12 at 8:47 pm UTC

Get leaderboard updates in real time 👉 https://t.co/TwXA8jAcC1

[SynFutures @SynFuturesDefi]

Are the charting fan, the gdm lucky guy, and the algo trader going to soar or sink in the SynFutures Trading Grand Prix? We’ll have to wait and see 👀

@_jaechung @cryptoethan @ResearchKronos

[Manifold @ManifoldTrading]

The million-dollar question:
Where should we deploy our assets to maximize rewards on Blast?

How you spend your time and resources can change whether you multiply your balances to simply collecting a paltry yield.

The clear priorities are:
1. Maximize upside vs capital invested
2. Increase baseline yield (floor of returns)
3. Isolate risk - don't lose the precious ETH you have collected

Day 1:
@OrbitLending - By launching a liquid token immediately, it will be easier to compound yield farming Orbit vs. other protocols.

As a hackathon winner, they likely will have high baseline Blast gold allocated, and they will also funnel 100% of the dev airdrop towards users.

It's also a simple Compound V2 fork with minimal changes. Lower smart contract risk and no IL risk. Bad debt risk should be low as long as only majors are lent/borrowed.

@ThrusterFi @RingProtocol - Main spot DEXs. High upside if tokens end up at a high FDV, and will also likely have high baseline yield passing through 100% of the dev airdrop.

LPs will likely be rewarded the most, so there is some IL risk. More optimal if you can manage your positions closely.

https://t.co/NlX9B28cit

@YOLO_Blast - Seems like they have captured an early lead in GambleFi with strong backing and team. Upside is high from Blast passthrough + YOLO tokens + gambling gains, but you must gamble your principal.

https://t.co/kTSJjkOB9N

Available in a week:
@_munchables_ - high baseline yield from the 100% passthrough of Blast dev airdrop. High upside from free NFT mints, future MUNCH tokens. No IL/LP/bad debt risk because it's just single-sided staking.

Perp DEXs: @tradeonblitz @SynFuturesDefi

Blitz = @vertex_protocol, which means verified team and likely a high baseline yield with less tail risk. Upside is probably limited if you can't do a lot of volume. Incentivization will also probably be close to market given VRTX is a liquid token with a defined FDV.

SynFutures has very strong backing and therefore the token will launch at a respectable FDV. If you can do a lot of volume, probably high baseline yield though LP risk is non-trivial.

Let us know if we missed anything in the comments, and feel free to share your favorite protocol!

Note: We are investors in Blast and have positions in a few of the protocols mentioned above.

[YOLO GAMES @YOLO_Blast]

We’re building the future of degen gaming on @Blast_L2 with the backing of the most esteemed degens in crypto.

⏳The games begin on Feb 29th, PST.

Thank you to all our angels for your support 👇

[Manifold @ManifoldTrading]

Congratulations to the winners of the Blast Big Bang!

We are excited to use some of these promising protocols as soon as mainnet launches.

Feel free to DM us for investment, potential collaborations, integrations, liquidity partnerships, and more.