peteris erins

Writing about how protocols acquire market power. Founder @auditless. Clients raised $450M+.

[peteris erins @p_e]

We started collaborating with the @UniswapFND in late 2023.

At the time, @unichain wasn't even a project.

It's amazing to see @unichain reach $1B in TVL and become the place where teams like @euler and @renzoai go to design net new protocols.

Time to share more about our grant.

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[peteris erins @p_e]

Great benchmark to think about.

Subsidizing tokens is dangerous, but also charging a flat premium over underlying token costs is not a good business model.

[Parker Conrad @parkerconrad]

Many (most?) investors disagree with me on this, but they are wrong. Gross margins on token spend, *at full utilization,* is the single most important metric for AI application companies. It's the purest measure of your value-add on underlying intelligence. 2/

[peteris erins @p_e]

Catch the full interview with James here:

[peteris erins @p_e]

Recently I had the privilege of going on the Applied Methods podcast hosted by my friend James Mulligan to talk about how AI is reshaping work.

Had fun discussing different theories about the future of work from the Goldman Sachs theory, influencer theory, etc. Read below.

[peteris erins @p_e]

.@auditless is expanding beyond crypto because AI has changed what we're interested in building.

We are using AI internally more and more in our projects... not just in development work, but in research as well.

More importantly, we are also working with companies outside of crypto... We are taking our offerings (strategy & implementation) and applying them much more broadly (PE).

[peteris erins @p_e]

I hope you've found this thread helpful.

Follow me @p_e for more.

Like/Repost the quote below if you can:

[peteris erins @p_e]

One of the most productive software teams pre-AI is undeniably @37signals.

Here's what @dhh revealed about how they are working post-AI.

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[peteris erins @p_e]

One of the most productive software teams pre-AI is undeniably @37signals.

Here's what @dhh revealed about how they are working post-AI.

↓

[peteris erins @p_e]

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