๐ โ BTC class of 2012 โ ๐ ๐ช๐ฆ Building the first on-chain prime brokerage for all ! @arch & @arch_prime . If youโve got Bitcoin, youโve got credit!
Congrats to the @HoneyB_BTC team on their first major round close. First of many bullish news to come. Been a proud supporter of this product from day 1 and excited to see it go live on @Arch
Weโre excited to share that we have raised $5M, led by Portal Ventures and Peer Ventures to help build The Income Orchestration Layer for Bitcoin.
@Anchorage@PortalVentures@loancyborg
What weโve been building towards over the last year especially, along with some well placed strategic acquisitions, folding in some giga chads and new tech has been a lot of fun. This is such an interesting puzzle and I believe is the last thing from tradfi that has yet to come on chain. Go big or go home.
@PraizeJR@Arch_Prime@0xfinetuned Leverage means less selling , less selling means less volatility, less vol means more people willing to hold it , rinse and repeat
Imagine being able to put your BTC into a 6% yielding position, borrow 4x that value , put it into @onrefinance earning 12% , borrow agains that , buy $SPCX , let that earn 3% yield, borrow against that and take out a leveraged zcash:native long , put a down payment on a house and then buy your gf a ring on credit
All from one prime account. Without the hoops.
The most valuable account in finance isn't a bank account. It's a prime account.
One place where everything you own is collateral, earning, and borrowable at once.
Only a few thousand firms in the world have one. That number is about to get a lot bigger.
Got some huge news that I canโt wait to share. Letโs just say the team just increased in size by 8 quants , engineers and data scientists.
Thatโs 24 total people now building something huge over at @arch