When an early-stage company pays dividends, it's usually telling you it has run out of places to grow.
Steven Goldfeder explains why Arbitrum is choosing growth over buybacks.
@sgoldfed@arbitrum
Congrats @fhenix on launching on @arbitrum.
FHE began as academic research aimed at enabling confidentiality computation on the blockchain.
Our mandate with Tandem (our partner studio and VC arm) is to support and collaborate with teams solving blockchainβs biggest challenges and confidentiality is one of them.
Weβre proud to team up with Fhenix to bring FHE to market and we look forward to continuing our work together to bring confidentiality across the programmable economy.
The rate at which tradfi is moving on chain is rapidly accelerating. Itβs the most incredible time to be building in crypto.
There are two things happening in parallel which seem inherently contradictory but are actually extremely bullish.
1) There is major consolidation occurring among startups.
2) Traditional firms are making heavy investment into the industry at a product level.
Why is this good?
For the longest time crypto protocols were cursed with the inability to shut down. That has changed. Most startups fail and talent wasnβt getting recycled into the highest value opportunities. They were getting burned out enslaved to a token/protocol that was doing nothing to improve the world.
We are now firmly past that. Crypto protocols that have PMF are going to see explosive growth over the next decade and the tradfi opportunities necessary to get us there are picking up talent needed to get it done.
The next five years are going to be extremely powerful if you contribute to or invest in the right opportunities. Itβs why I love working at @Offchain.
EXCLUSIVE: Steven Goldfeder & A.J. Warner On Big Banks Knocking & The Beginning Of A Revolution
@ajwarner90@sgoldfed@arbitrum@therollupco
Timestamps:
00:00 Intro
02:09 Robinhood Europe Buys Apple Stock Onchain
04:23 How Arbitrum Landed Robinhood
06:06 Robinhood Chain Made $40M In September
09:14 USDG Live On Arbitrum
16:51 Arbitrum's Bet On Revenue
20:51 Buybacks Vs. Reinvesting In Growth
26:38 BitGet Tokenizes 1,900 Equities On Arbitrum
27:09 Arbitrum One Has The Most RWAs Of Any Chain
27:57 Large US Banks Knocking On Arbitrum's Door
29:54 The Visible Beginning Of A Revolution
today I turn 30
lots of love to all of you for being part of my journey as a human on earth
will be taking the next couple of days to enjoy my family, friends, and nature, but i needed to check in with yall before doing so
spread the good word of @arbitrum whilst I touch grass π
Liquidity is the lifeblood of onchain finance, and stablecoins are the foundation.
Arbitrum added $27.4M in net stablecoin growth in just 24h accounting for over half the growth across the top 8 chains.
Love seeing @arbitrum attract more capital. Higher!