FinDaS

We design token economies and structure token sales. MiCA compliance. Machinations. Sensitivity testing.

[FinDaS @findasorg]

you can book a free consultation with us here: https://t.co/xzwHIPCoR1

[FinDaS @findasorg]

We hope you bought Oil and Japan stocks 🤷‍♂️

[FinDaS @findasorg]

While the overall #crypto bloodbath continues, our latest project Real Finance continues to new green heights! Now 4.4x exactly one month after its launch! Congrats team!

[FinDaS @findasorg]

A perpetual pool distributes a fixed percentage of its remaining balance each epoch, rather than a fixed number of tokens. The pool mathematically can never run out, rewards decay smoothly rather than in the 4-year shocks Bitcoin's halving produces, and token inflation stays fully predictable. Only two parameters need to be set: the distribution rate and the epoch length.

⬇ ⬇ ⬇ Link to the full article

https://t.co/80MEftT8nN

[FinDaS @findasorg]

Bear? What bear? Two of our recent launches:
- One in the top 100 by market cap
- The other: 4x since launch

[FinDaS @findasorg]

A couple of years ago, a competitor offered to absorb us.

They were 3-4x our size. They had raised a few million. They charged roughly 5x what we did for the same hashtag#tokenomics work. The offer was to just fold our team into theirs.

We said no.

Today they are no longer operational.

We don't think they were badly run. They were built for one thing: scale and velocity. More headcount, higher prices, a bigger machine to feed. That works beautifully right up until the market stops cooperating.

We were built for the boring thing. Resilience. A team small enough to survive a quiet quarter. Pricing we could defend without a funding round behind it.

There is nothing wrong with optimising for scale. But scale is a bet that the conditions that got you there will hold. In crypto, they never hold for long.
The bear market doesn't care how big your team is or how much you raised. It asks one question: are you still here next year.

[FinDaS @findasorg]

Last week (24-31 May) in crypto:

📉 Bitcoin Spot ETFs See Near-Record $1.42 Billion Weekly Outflow. For the week ending May 29, 2026, Bitcoin spot ETFs recorded a $1.42 billion net outflow, the third-largest in history, with BlackRock's IBIT fund alone accounting for $966 million in weekly outflows.

⚙️ Ethereum Completes Major 'Glamsterdam' Network Upgrade. Going live in late May 2026, Ethereum's Glamsterdam hard fork introduced parallel execution and enshrined Proposer-Builder Separation, driving the network to process all-time high transaction volumes while simultaneously slashing gas fees by roughly 78%.

🔥 Massive $1.2 Billion Tether (USDT) Burn Executed. On May 31, 2026, the Tether (USDT) issuer burned $1.2 billion of its stablecoin supply within a single 24-hour window, a significant on-chain event reflecting extreme market fear and a shift in stablecoin liquidity that often precedes broader crypto liquidation.

🏦 BIS and IIF Showcase Project Agorá Tokenization Prototype. On May 27, 2026, Project Agorá published a report demonstrating a new prototype for multi-currency wholesale cross-border payments, successfully combining tokenized central bank reserves and commercial bank deposits on a shared programmable platform.

💵 Fed Governor Backs Stablecoins While Rejecting CBDCs. During a speech in Croatia on May 31, 2026, Federal Reserve Governor Christopher Waller championed stablecoins for potentially broadening the global reach of U.S. monetary policy, while aggressively dismissing central bank digital currencies (CBDCs) as a "solution in search of a problem".

📉 Spot Ethereum ETFs Bleed $241 Million Over the Week. Ethereum spot ETFs suffered a net outflow of $241 million during the trading week of May 25 to May 29, 2026, which included a single-day withdrawal of approximately 9,000 ETH on May 29 alone.

🐋 Early Ethereum Investor Dumps $136 Million in Holdings. Over the past week, an early Ethereum "OG" investor offloaded approximately $136 million worth of ETH and wrapped staked ETH (wstETH), removing critical buy-side support and contributing to the selling pressure that pushed ETH's price below the $2,000 mark.

🇮🇳 Coinbase Announces Direct INR Support for India Expansion. In a major push to expand its product suite for retail and pro traders, Coinbase announced that beginning June 1, 2026, the exchange will enable direct deposits and withdrawals in Indian rupees (INR) via the IMPS payment rail.

🌍 Crypto Markets Stabilize Amid US-Iran Ceasefire Extension Talks. Geopolitical tensions in the broader financial and crypto markets were temporarily relieved late last week as reports surfaced that the United States and Iran are nearing an agreement to extend their ceasefire arrangement by another 60 days.

📶 FinDaS - #sustainable, data-driven #tokenomics.

[FinDaS @findasorg]

You can value a token through three approaches, each tied to what the token does in its system: as a medium of exchange (via the equation of exchange, M × V = P × T), as an access coupon (via discounted par value), or as equity (via discounted cash flow). The right approach depends on the token's role in the economy, not on what's trendy, and the three often produce very different numbers for the same project.

⬇ ⬇ ⬇ Link to the full article

https://t.co/NLmwVNZ7Zw

[FinDaS @findasorg]

Last week (17-24 May) in crypto:

🚀 SpaceX Discloses $1.4 Billion Bitcoin Treasury. In an S-1 filing ahead of its anticipated IPO, SpaceX revealed it holds 18,700 BTC, making it the seventh-largest corporate Bitcoin holder. The position has a $660 million cost basis and is currently valued at roughly $1.4 billion.

🏛️ European Commission Launches MiCA Regulatory Consultation. On May 20, 2026, the European Commission opened a consultation on the EU's Markets in Crypto-Assets framework. The review will assess whether MiCA needs updates following recent global market and policy developments.

💸 Sui Network Eliminates Gas Fees for Stablecoins. On May 20, 2026, Sui Mainnet activated protocol-level gasless stablecoin transfers. Users can now send eligible stablecoins, including USDC, FDUSD, and USDY, without holding or spending SUI for fees.

⚙️ Near Protocol Announces Auto-Scaling "Dynamic Resharding". Near Protocol announced an upcoming upgrade introducing dynamic resharding. The system will automatically create new shards when existing ones hit capacity limits, without requiring human governance votes.

📉 Spot Bitcoin ETFs Record Billion-Dollar Outflows. U.S. spot Bitcoin ETFs recorded $1 billion to $1.26 billion in weekly net outflows, ending a six-week inflow streak. The exits coincided with technical resistance, sticky inflation, and geopolitical pressure.

🏛️ Senate Banking Committee Advances Crypto Market Structure Bill. The Senate Banking Committee advanced the Digital Asset Market Clarity Act, covering DeFi, illicit finance, tokenization standards, and stablecoin yield limits. The substitute bill now moves toward full Senate consideration.

🏠 FHFA Mandates Cryptocurrency as a Mortgage Qualifying Asset. FHFA Director William J. Pulte ordered Fannie Mae and Freddie Mac to prepare to count cryptocurrency as a qualifying asset for mortgage originations, arguing crypto holdings should help Americans buy homes.

📊 Binance Launches Pre-IPO Perpetual Futures. Binance launched pre-IPO perpetual futures, allowing crypto-native capital to trade directional views on private companies before public shares exist. The first live contract is tied to SpaceX.

🛠️ Ethereum Activates the "Glamsterdam" Upgrade. Ethereum's late-May 2026 Glamsterdam hard fork introduced 11 EIPs, including parallel execution and enshrined Proposer-Builder Separation. The upgrade sharply increased throughput and reduced Layer 1 gas fees.

Find more about our work at https://t.co/51g44axhhh

[FinDaS @findasorg]

In light of the SpaceX IPO, let's talk about value drivers:

https://t.co/3a93xHJojG

[FinDaS @findasorg]

In our 𝗧𝗼𝗸𝗲𝗻𝗼𝗺𝗶𝗰𝘀 𝗽𝗮𝗽𝗲𝗿 𝗱𝗲𝗲𝗽-𝗱𝗶𝘃𝗲 series, we explore in more detail interesting papers that were published last month. Our second paper for the month is...

Paper: The Hidden Plumbing of Stablecoins: Financial and Technological Risks in the GENIUS Act Era
Authors: Daniel Aronoff, F. Christopher Calabia, Anders Brownworth, Ashwanth Samuel, Neha Narula
Date: 2026-04-18
Estimated Reading Time: 31 minutes

Read all about it in detail here:

https://t.co/rslXClyXjY

[FinDaS @findasorg]

(A belated) Last week (10-17 May) in crypto:

🏛️ Senate Banking Committee Advances CLARITY Act. The Senate Banking Committee advanced the highly anticipated CLARITY Act, a crypto market structure bill, in a bipartisan 15-9 vote, leading to a massive surge in Bitcoin social sentiment.

📉 Spot Bitcoin ETFs Suffer $1 Billion in Weekly Outflows. Following a six-week streak of inflows, spot Bitcoin ETFs saw $1 billion in net outflows last week, driven by macroeconomic headwinds including hot inflation data and surging bond yields.

₿ Strategy Makes Massive $2.54 Billion Bitcoin Purchase. Strategy purchased an additional 34,164 BTC for $2.54 billion, its largest buy since 2024, expanding the company's total holdings to 815,061 bitcoins.

🏦 J.P. Morgan Launches Second Tokenized Money Market Fund on Ethereum. On May 13, J.P. Morgan Asset Management introduced JLTXX, a new tokenized U.S. government money market fund on the public Ethereum blockchain, launching with an initial $100 million investment.

🔁 Ronin Blockchain Migrates to Ethereum Layer 2. On May 12, the Ronin gaming blockchain completed a major “homecoming” migration from an independent sidechain to a full Ethereum Layer 2 network integrated within the OP Stack ecosystem.

⚖️ NCUA Proposes New Rules for Stablecoin Issuers. On May 15, the National Credit Union Administration issued a Notice of Proposed Rulemaking to establish strict operational and risk management standards for Payment Stablecoin Issuers under the GENIUS Act.

🛠️ Ethereum Foundation Reaches “Glamsterdam” Milestones. The Ethereum Foundation successfully established a 200 million gas limit floor for its upcoming “Glamsterdam” upgrade and announced a leadership transition for its Protocol team.

📄 VanEck and Grayscale Amend Spot BNB ETF Filings. Asset managers VanEck and Grayscale filed new S-1 amendments with the U.S. Securities and Exchange Commission for their proposed spot BNB exchange-traded funds, a sign of potential near-term launches.

📉 Spot Ether ETFs Experience Five Consecutive Days of Outflows. In tandem with Bitcoin ETF losses, spot Ether ETFs recorded $254.46 million in net outflows across five uninterrupted trading sessions last week, signaling broad institutional de-risking.

[FinDaS @findasorg]

Out of our monthly research picks, we choose 2 to deep dive into. The 1st lucky winner this month is:

Paper: ClawCoin: An Agentic AI-Native Cryptocurrency for Decentralized Agent Economies
Authors: Shaoyu Li, Chaoyu Zhang, Hexuan Yu, Y. Thomas Hou, Wenjing Lou
Date: 2026-04-21
Estimated Reading Time: 28 minutes

Instead of reading the whole paper for 28 minutes, read our deep dive instead:

https://t.co/JKCEUEIl67

[FinDaS @findasorg]

A project failing and a token failing are two different things. How? See here:

https://t.co/X6KGkeLGJn

[FinDaS @findasorg]

Last week (03-10 May) in crypto:

📈 Bitcoin Spot ETFs Register $623 Million in Weekly Inflows. Bitcoin spot ETFs recorded a net inflow of $623 million last week, marking six consecutive weeks of positive flows, with BlackRock's IBIT capturing the vast majority at $596 million.

🔓 Massive $464 Million in Crypto Token Unlocks. Nine major crypto token unlock events occurred between May 4 and May 10, releasing over $464 million into active circulation, led by a $377.30 million release by Rain and a 9.65% total supply release by Capx AI.

⚖️ U.S. Senators Propose Stablecoin Yield Ban. U.S. Senators Thom Tillis and Angela Alsobrooks released legislative language last week aimed at prohibiting stablecoin issuers from paying yields, which prompted banking trade groups to express concerns over potential deposit flight.

🏛️ U.S. Strategic Bitcoin Reserve Legislation Rebranded. At the Bitcoin 2026 conference in Las Vegas last week, Senator Cynthia Lummis' BITCOIN Act was renamed the American Reserves Modernization Act, a bill that proposes the U.S. government acquire one million Bitcoin over five years.

🚨 DeFi Sector Suffers $14 Billion in Outflows After Hacks. The decentralized finance sector experienced nearly $14 billion in mass investor outflows following a pair of high-profile security exploits, including a North Korean-linked hack of Aave.

🤖 Coinbase Announces 14% AI-Driven Workforce Reduction. Cryptocurrency exchange Coinbase announced last week that it will lay off approximately 14% of its staff as the integration of artificial intelligence streamlines its operational workload.

⚔️ Kraken Sues Custodian Over Missing Client Funds. The parent company of the cryptocurrency exchange Kraken recently filed a lawsuit accusing Etana Custody of misappropriating $25 million in client funds.

🇪🇺 ECB President Rejects Reliance on Private Stablecoins. On May 8, European Central Bank President Christine Lagarde delivered a speech arguing that Europe must build its own public tokenized infrastructure rather than rely on private, U.S. dollar-pegged stablecoins for digital settlement.

🗳️ Arbitrum DAO Votes to Release 30,766 Frozen ETH. Following the Kelp DAO attack, the Arbitrum DAO initiated a governance vote last week to release 30,766 frozen Ethereum back to DeFi United.

📶 FinDaS - #sustainable, data-driven #tokenomics.
⚡ Like and share this post if you found it insightful. We would like to bring visibility to important topics in #crypto.

[FinDaS @findasorg]

Every month dozens of articles and papers are published in the #crypto space. We read through all of them and 𝘀𝘂𝗺𝗺𝗮𝗿𝗶𝘇𝗲 𝘁𝗵𝗲 𝗼𝗻𝗲𝘀 𝘄𝗵𝗶𝗰𝗵 𝗮𝗿𝗲 𝗺𝗼𝘀𝘁 𝗿𝗲𝗹𝗲𝘃𝗮𝗻𝘁 𝘁𝗼 #tokenomics . You can find the summaries below, so that you can pick on which ones you want to deep-dive!

https://t.co/0gGOtvQrIV

[FinDaS @findasorg]

Could it have been better? Could it have been worse?

[FinDaS @findasorg]

@0xMolodykh someone had to say it

[FinDaS @findasorg]

A token economy has a standard list of components: utility, monetary policy, governance, numerical setup (allocations, vesting, launch price), liquidity strategy, funding landscape, analytical valuation, benchmarking, and stress tests. These are usually presented as an independent checklist, but they are actually a dependency chain. Utility and monetary policy decisions determine what the numerical setup should look like, not the other way around. Most projects invert that order, pick allocations first, and end up with tokenomics that unravel in year one when the unlock schedule meets the real market.

https://t.co/zbR7r117d0

[FinDaS @findasorg]

Last week (26-03 May) in crypto:

↗️ Bitcoin Price Surges Past $79,000. Driven by geopolitical optimism and a return of institutional buying, Bitcoin's price topped $79,300 on May 3, 2026, slightly outpacing a broadly flat crypto market.

💸 Massive $629.8 Million Inflows into U.S. Spot Bitcoin ETFs. Reversing a brief streak of outflows, U.S. spot Bitcoin ETFs recorded $629.8 million in net inflows on May 1, with BlackRock's IBIT alone capturing $284.4 million.

🎯 Hyperliquid Launches Mainnet Prediction Market. Hyperliquid rolled out its first prediction market via the HIP-4 upgrade, introducing fully collateralized, outcome-based contracts (starting with Bitcoin price direction) that eliminate leverage and liquidation risks.

🛑 Carrot DeFi Protocol Permanently Shuts Down. On April 30, the Solana-based yield protocol Carrot announced it is permanently shutting down and deleveraging its system after suffering catastrophic financial contagion from the $285 million Drift Protocol exploit.

🐋 Ethereum Whales Accumulate $322 Million in ETH. Over a four-day period leading up to May 3, whale investors purchased approximately 140,000 ETH (worth around $322 million), signaling strong confidence and creating a potential supply shock by removing liquidity from exchanges.

🧪 Base Azul Upgrade Goes Live on Testnet. In late April, the Base network successfully rolled out its Azul upgrade on the testnet, marking its first fully independent network upgrade using a streamlined client stack and a hybrid multiproof system.

🏛️ U.S. OFAC Sanctions Iranian Central Bank USDT Addresses. On April 24, the U.S. Treasury's Office of Foreign Assets Control sanctioned two USDT addresses controlled by the Central Bank of Iran, which led to Tether freezing $344 million worth of assets.

⚖️ EU Adopts Sanctions Banning Russian Crypto Services. On April 23, the European Commission announced its 20th sanctions package, which introduced a broad prohibition on transactions involving Russia-based virtual asset service providers (VASPs) to prevent sanctions evasion.

🎂 Sui Network Celebrates its Third Anniversary. On May 3, the Sui network celebrated its third birthday, marking a multi-year milestone in its blockchain ecosystem development.

📶 FinDaS - #sustainable, data-driven #tokenomics.
⚡ Like and share this post if you found it insightful. We would like to bring visibility to important topics in #crypto.

[FinDaS @findasorg]

#Uniswap's CCA feels a bit underappreciated still in #token launches. It's not simple, but it's so powerful. We tried to break down its fundamentals in simple terms: https://t.co/8HHdBEAdkl