Jermaine

investing @pivotglobal_xyz | i like memes (coins)

[Jermaine @jermywkh]

https://t.co/0Aq8zxJ9Ex

[Jermaine @jermywkh]

@knimkar @solana facts. solana is the best chain to build consumer apps on (see @Collector_Crypt @Pumpfun etc) i think next wave will be kick started by a new consumer trend and its likely going to happen on Solana

[Jermaine @jermywkh]

Crypto has become weird around value accrual. A lot of holders have been burned by tokens with no real business behind them, so everyone wants hard value accrual immediately. Then Hyperliquid comes along and returns a huge share of revenue to holders, and suddenly that becomes the benchmark.

But Hyperliquid is the exception, not the rule.

[Yan Liberman @YanLiberman]

Fair critique, but I think it's the wrong way to judge Venice at this stage.

Crypto has become weird around value accrual. A lot of holders have been burned by tokens with no real business behind them, so everyone wants hard value accrual immediately. Then Hyperliquid comes along and returns a huge share of revenue to holders, and suddenly that becomes the benchmark.

But Hyperliquid is the exception, not the rule.

Most companies at Venice's stage should not be returning meaningful capital to anyone, whether equity holders or token holders. They should be reinvesting into growth. If Venice were burning a huge chunk of revenue today, I'd honestly think that was worse capital allocation, not better.

So yes, current burns are small. I agree. But I don't think the burn is supposed to be the demand source today. It's more of a signal that VVV is economically tied to the platform, and it gives the market an on-chain proxy for new paid sub adds, since each tier triggers a specific dollar burn that anyone can see.

The alignment piece matters too. Venice the company sits on tens of millions of VVV in treasury, so it benefits directly from VVV appreciation. Erik's history points the same direction. At ShapeShift, he took a shareholder-owned company and pushed it toward a token/community-owned model, with FOX holders governing platform economics and shareholders receiving FOX with no special privileges. And with Venice, he has explicitly said he wants to burn every last VVV token.

That does not make VVV equity, but it does show he's oriented toward token holders, not against them.

So I'd separate the critique into two questions.

Is current value accrual enough to support the token by itself? No. Agreed.

Is VVV economically linked to the platform in a way that can matter a lot more if Venice keeps scaling? I think yes.

The bet is on the trajectory, not today's burn rate. If we're back here in 12-18 months and Venice has scaled revenue meaningfully but burns still haven't grown, the critique gets a lot stronger. But that isn't today.

Today, I'd rather see Venice reinvest aggressively into growth while keeping the token tied to that growth than crank up burns too early.

https://t.co/tcMRwTFb49

[Jermaine @jermywkh]

@fede_intern @ethereum thanks! do you happen to know who's behind fermiswap

[Jermaine @jermywkh]

@MacroMate8 $PUMP

https://t.co/UjqR7MgiLy

[Jermaine @jermywkh]

https://t.co/GoHGZGjSmx

[Jermaine @jermywkh]

Me when I pivot to robotics

[Jermaine @jermywkh]

I have to say, this is the worse crypto bear I’ve gone through, and I’ve been in crypto since 2013. China banning bitcoin, FTX collapsing, Luna rug, Mt Gox, Gensler, none of it felt as depressing as AI hacking protocols with a simple “drain the contract, make no mistake”. Those who survive this market will be invincible and go on to create a wave of trillion dollar protocols.

[Jermaine @jermywkh]

@lookonchain @cobie You can just say things these days

[Jermaine @jermywkh]

@hotlneblng_ @junbug_sol this thread doesn't tell me what the capital is used for?

[Jermaine @jermywkh]

@0xVelocity88 Isn’t it here

https://t.co/WHyc4G1dAr

[Catrina @dotcuriouscat]

https://t.co/FFMA9rLjw0

[Jermaine @jermywkh]

don't sleep on Asia

[Paul Frambot 🦋 @PaulFrambot]

I wrapped 3 weeks across Singapore, Hong Kong, Tokyo, and Seoul. 50+ in-person meetings with regulators, fintechs, allocators, and major institutions.

A few things stood out:
→ Asia sits on both ends of the risk curve at once: some of the most aggressive, risk-tolerant players in crypto on one side, and highly institutional actors waiting for regulatory clarity on the other.
→ Demand for US financial products is real and growing.
→ Recent hacks rattled some players, but the appetite for onchain finance hasn't gone away. It's maturing.
→ There's no substitute for being in the room. Asia is the deepest onchain liquidity hub in the world right now, and we've been seriously under-investing here. That changes now.

[Jermaine @jermywkh]

i still think about this post a lot

[Ping @DegenPing]

10/10 bid
11/05 sell

[Jermaine @jermywkh]

“You’re not trading the ticker, you’re trading the venue”

[Monarch @monarch_fast]

https://t.co/13wj8oRUZp

[tt @TTx0x]

We @pivotglobal_xyz were looking for a way for young talent to hone their trading skills and scale up

@HypernovaX delivers that vision in a fully on-chain verifiable way. It is a training ground, risk engine, and capital allocator for all traders

Excited to back this incredibly talented team

[Jermaine @jermywkh]

RT @TTx0x: Capital is not the scarce asset in markets, Verified trading skill is

@HypernovaX is building the infrastructure to find talent…

[Jermaine @jermywkh]

Another one for @pivotglobal_xyz

[Hypernova @HypernovaX]

Announcing our $3m pre-seed led by @Lemniscap.

Hypernova is bringing funded trading on-chain.

Verifiable rules. Instant payouts. Allocation that grows with performance.

[Jermaine @jermywkh]

it’s an incredible time to be a long term spot buyer of crypto

[se @seyong]

it’s an incredible time to be a long term spot buyer of crypto

[Jermaine @jermywkh]

@tzedonn @PalantirTech i sense an impending pivot to AI

[Jermaine @jermywkh]

@lbexplorer https://t.co/UjqR7MgiLy

[Jermaine @jermywkh]

https://t.co/GoHGZGjSmx