Hugo 🗝️ 2 of 3

Mojtaba Hosseini Khamenei, an Iranian politician, cleric, and eldest son of Ayatollah Ali Khamenei, has been elected the next Supreme Leader of Iran under pressure from the Islamic Revolutionary Guard Corps (IRGC), according to Iran International.

BREAKING: Spot gold falls below $5,100/oz and silver falls below $78/oz despite rapidly rising global uncertainty. Silver prices are down -$20/oz, or -21%, in 24 hours.

Safest countries if World War lll occurs: 1. 🇫🇯 Fiji 2. 🇹🇻 Tuvalu 3. 🇳🇿 New Zealand 4. 🇮🇩 Indonesia 5. 🇮🇸 Iceland 6. 🇦🇷 Argentina 7. 🇨🇱 Chile 8. 🇨🇭 Switzerland 9. 🇧🇹 Bhutan 10. 🇦🇶 Antarctica 11. 🇿🇦 South Africa 12. 🇬🇱 Greenland (Daily Mail)

Today we are proposing the Aave Will Win Framework, a new alignment framework that directs 100% of product revenue to the Aave DAO treasury under a token-centric model.

FUN FACT: the current NFT market cap of $1.6Bn is the lowest it’s been since August 2021 💀

Bro, this is wrong. Lengthening the feedback distance between humans and AIs is not a good thing for the world. Today, it means you're generating slop instead of solving useful problems for people. It's not even well-optimized for helping people have fun. Once AI becomes powerful enough to be truly dangerous, it's maximizing the risk of an irreversible anti-human outcome that even you will deeply regret. The point of ethereum is to set *us* free, not to create something else that goes off and does some stuff freely while our own situation is unchanged or worsened. (And, as others have pointed out, the models are run by openai and anthropic, so the thing is not even "self-sovereign"; you're actually perpetuating the mentality that centralized trust assumptions can be put in a corner and ignored, the very mentality that ethereum is at war with) The exponential will happen regardless of what any of us do, that's precisely why this era's primary task is NOT to make the exponential happen even faster, but rather to choose its direction, and avoid collapse into undesirable attractors.

Ethereum is for self-sovereign AI.

We just closed Dragonfly Fund IV at $650M. It's a big milestone, and yet, it’s a weird time to celebrate. Spirits are low, fear is extreme, and the gloom of a bear market has set in. But here's the thing: we raised almost every single Dragonfly fund into bear markets. Fund I we raised through the 2018 ICO winter, when almost nobody believed in this space anymore. Fund III we raised right before Luna collapsed. Those were brutal times to deploy capital. But they turned out to be our best vintages. Last week I caught a lot of heat for arguing that non-financial crypto has failed. I meant that. But the flip side of that argument is: financial crypto is exploding. Stablecoins are eating the world. DeFi has grown so big it's rivaling CeFi. Financial institutions around the world are racing to build out their crypto strategies. And prediction markets are becoming the most trusted source of truth on the internet. Fund IV is our biggest bet yet that the crypto revolution is still early in its exponential. If you look at our recent bets—Polymarket, Ethena, Rain, Mesh—the growth speaks for itself. Agentic payments, on-chain privacy, the tokenization of everything—crypto's surface area is about to explode, and we want to be backing the founders at the center of it. We've always believed that the most important work gets done when the noise dies down. We believe moment is now. In fact, we’re putting money on it. If you're building what comes next, @ us.

Today we are proposing the Aave Will Win Framework, a new alignment framework that directs 100% of product revenue to the Aave DAO treasury under a token-centric model.