anon pfp
anon
@superanon
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​woj pfp
​woj
@woj.eth
@suji explain how degen makes merkle obsolete?
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Suji Yan pfp
Suji Yan
@suji
Now degen is the ‘real farcaster’ since if FC company launch a token- paradigm / a16z and core team will have at least 30%-40% of the token supply (let’s assume 20% for team 10% per round); CEX listing will obv charge some % (let’s ignore first). Let’s say FC token launched at 1B-2B fdv (btw Mask launched at 4B so all these fdv at launch is bubble until fully unlocked ) Given the L3 case happened with degen; if I’m managing a fund aum ~1B+ I will assume paradigm will do PvP with my fund (such fund’s GP/LP are already or easily paradigm’s target LP for its new fund) ; I’d rather buy degen for a better fc proxy trader and eventually the +% of degen is better than fc.
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Suji Yan pfp
Suji Yan
@suji
Check out Reflexivity (Soros’ version)
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Suji Yan pfp
Suji Yan
@suji
1conf is the only fund in FC(the company), Degen and FC’s eco deal. NT is either too smart or have too good instincts. 🎩🫡
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