DeFiDegen
6.3K posts





eigenlayer raised $170m to build restaking, discovered nobody wanted to pay for rehypothecated ETH security at scale, then rebranded to "eigencloud" and pivoted to AI compute. the token tells the rest of the story. $350m FDV vs $500m series B. a16z sitting on $70m underwater. 17.8% supply inflation in the last 30 days alone. TVL down from $20b to $9b. 200+ AVSs in development generating almost zero fees. they spent $30-50m/year on token buybacks and $3m/year on risk management for infrastructure securing billions. three major risk vendors walked. one remains. the restaking thesis didn't fail because of bad tech. it failed because supply of restaked capital showed up and demand for decentralized security never did. that's not a pivot. that's a eulogy with a new logo.



As the 1st mover in RWA perps, @OstiumLabs has done $45B+ in cumulative trading volume, with over 95% of open interest in traditional markets (commodities, FX, equities, indices, and ETFs). These markets are secured by a custom oracle. Here's how it works. 🧵





CZ from Binance said that when he first got into Bitcoin, he sold his apartment for $900K to buy the dip at $400. Even though he didn’t even have a job at the time. Buy the dip and never sell your bitcoin. 🚀


We decided to treat ourselves today :)

soon™️




The $BLEND ICO registrations are open $1M raise at $100M FDV Fully unlocked at TGE sale.fluent.xyz Everything (terms, structure, mechanics) is laid out below ↓









Today we announce our $7.5m Series A, bringing total funding to $12m - the most raised by any adult AI startup globally - as we extend our lead as the dominant player in adult AI The round was led by @Maven11Capital, with participation from @L1D_xyz, @Auros_global, @hashed_official, @MaelstromFund and @CadenzaVentures; alongside existing seed investors @cyberfund, @KosmosVC and @tangent_xyz doubling down




