Node Capital

Node Capital is a cryptocurrency fund focusing on decentralised infrastructure.

[Node Capital @Node_Cap]

🫡

[Limitless @trylimitless]

Based on fees collected in May, Limitless crossed $40M annualized revenue

That’s +140% from April and +500% from January, with growth still accelerating

No limits on the horizon

[CJ (晨杰) @cjhtech]

Limitless has now booked over $3.4M in trading fee revenue in May, up ~100% from the previous month, and reaching $40M annualized revenue run rate

Prediction market Q2 report is going to be interesting 👀

[Rok Kopp 🛡️ @KoppKnows]

We are going to unlock cross-border fx free spending for the world 🤯

Bullish Euro @ether_fi

[ether.fi @ether_fi]

The system wasn't built for you. But EtherFi is.

[Amos Meiri @AmosMeiri]

Be @AskVenice . The values you want your AI to have.

[Node Capital @Node_Cap]

🚀

[Limitless @trylimitless]

We just crossed $4.5 billion in total traded volume

$1 billion traded in May alone

Limitless is the fastest-growing prediction market in the world

[Erik Voorhees @ErikVoorhees]

It was 2 years ago today that we launched Venice.

So much has changed since then, but not the principles on which we're building it. The separation of mind and state remain just as important.

"Search the world’s information, have rich conversations, analyze documents, create interesting images and art of any style at the push of a button. Various AI services offer these things, so what makes Venice unique?

• Venice doesn’t spy on you
• Venice doesn’t censor the AI

In other words, Venice is private, and Venice is permissionless."

https://t.co/lv2IS2hFmY

[Erik Voorhees @ErikVoorhees]

DIEM & VVV tokenomics...

• 1 DIEM = $1/day of daily renewing AI compute credits, spendable on any model from Qwen to Opus 4.7 to Grok to Nano Banana via Venice (app or api)

• As demand for AI compute rises, DIEM is bid up. Supply is very constrained (see DIEM price chart below since inception last fall).

How does this relate to VVV?

• VVV has the exclusive right to "print" DIEM, which locks the VVV until DIEM is paid back (and thus burned).

• Every VVV holder basically has a growing pile of instant cash/liquidity, because at any time they can lock some or all of their stash and get DIEM to sell on the market.

• Thus as AI compute demand rises, DIEM price rises, and temptation to lock up VVV and mint DIEM grows.

• Fundamental to DIEM's design, is the "mint curve." This defines an exponential curve specifying the rate at which VVV can be locked to mint 1 DIEM.

• The higher the DIEM supply goes, the further up this curve we go, meaning exponentially more VVV must be locked for a marginal increase in DIEM.

• This keeps Venice's liability constrained (remember each DIEM is a liability to Venice, which must provide $1/day of compute)

• And this also means an increasing amount of VVV is taken out of supply and locked up until some day in the future if DIEM is paid back.

In the image below, price of DIEM has risen gradually along demand for AI compute at Venice, and the tan portion of the VVV bars shows the locked supply, rising from ~5m in Nov to ~9m today.

For that VVV supply to ever unlock, DIEM must be bought back and burned... but doing so raises DIEM price and thus tempts more VVV back into locked position.

Equilibrium is hereby established and both VVV and DIEM price should ultimately correlate a) to demand for AI compute generally and b) to quality of Venice's AI compute offering specifically.

[CJ (晨杰) @cjhtech]

Hello world 🇺🇸

[Node Capital @Node_Cap]

@ether_fi and it's founders are true mission driven and are here for the long run. they dont just say. they do. We are proud to be seed investors.

[Mike Silagadze🛡 @MikeSilagadze]

Why did @ether_fi commit 5k ETH to the Kelp hack recovery fund?

Because we believe there was a very real risk that this could have killed DeFi.

The default path was:
Kelp bankruptcy -> $1.5B of rsETH tied up for years -> $30B Aave lending market locked up -> Cascade of DeFi and CeFi implosions. Game over for crypto.

FTX would have looked small in comparison.

In the face of these systemic risks we saw almost everyone pull back and hide behind lawyers. The worst case scenario was playing out.

The one team that stood out and stepped up was Aave. In many ways they were the least to blame (and there was plenty of blame to go around) but they took ownership and immediately began raising funds to fill the hole left by the hack.

If the @ether_fi team helped in some small way, it was mainly to open up communication help others see the gravity of the situation.

There’s a lot more to be written about what happened, and things are still playing out. But I think the worst case scenario has been averted.

Lots of soul searching to be done about systemic risks and decentralization theatre by everyone.

We’ll do a longer write up in a few weeks.

[Rok Kopp 🛡️ @KoppKnows]

Been a brutal week in DeFi but has been invigorating to work to fill this gap.

The smart contracts didn’t fail, humans did. We will get better as an industry and come back stronger.

DeFi will win

[Amos Meiri @AmosMeiri]

🤯

[Node Capital @Node_Cap]

The same @trylimitless with a new look.

[Limitless @trylimitless]

Limitless is entering its next phase today.

A new look, drawn by the community that built it.

Don't just watch, trade.

[Amos Meiri @AmosMeiri]

Two @Node_Cap portfolio working together on something big is always a good start of the day. ✊🏽

[Node Capital @Node_Cap]

We are actively deploying from
our second fund. Two new investments last quarter. DMs are always open

[Fhenix @fhenix]

https://t.co/v73Z1sEvEI

[ether.fi @ether_fi]

In the first week of the Dine Different campaign, new users have spent over $480K, earning thousands in cashback rewards!

Refer your friends to EtherFi and earn 10% cashback on their spend through April.

[Limitless @trylimitless]

$2,000,000,000 ✅

Limitless is the fastest-growing prediction market in the world.

Thank you to everyone who made it possible.

[Node Capital @Node_Cap]

@hyperbeat is Liquid Banking on @HyperliquidX 😎

[Hyperbeat @hyperbeat]

Liquid Banking is live.

The first fully onchain banking layer on @HyperliquidX.

Save, spend, trade, and ramp from a single self-custodial account.

Open your Liquid Bank account now: https://t.co/vOSqdGX1kp

[Limitless @trylimitless]

Building on Limitless just got 10x easier.

We just shipped Programmatic API Access, simplifying placing & managing users' orders on behalf of your app.

We're also supporting builders with:

1. Deep liquidity
2. Direct line to our team
3. Revenue sharing models
4. Co-marketing opportunities

Contact us & let's build together → https://t.co/QIG6lHomrb