Luuk.eth

⚠️ WARNING - Scammers are reaching out to people claiming to be part of a fake Kolektivo Labs. If they reach out to you via Telegram, please report them. I don't know Adrian Kaze, Ian Wu, or any of the people on their fake website.

@jinglejamOP Huge win for both teams, looking forward to tomorrow’s reception in Miami!

Incredibly excited to welcome Upbit, Korea’s top exchange & the second largest spot exchange in the world to the OP Stack! 대박!!! Upbit has 13million registered users, and has already processed over 100m tx on testnet and intends to launch their chain GIWA as a broader ecosystem for apps, finance and payments. South Korea is one of the hottest markets for crypto globally and it’s exciting to see their most trusted brands making moves to innovate.

@0xave @frachtisvc @nikodcg worth passing by to connect with @0xave

Now in Miami for Consensus 🌴 Hosting our @frachtisvc founder and investor breakfast tomorrow morning: luma.com/6ge8xjzc Looking to meet teams here building crypto apps / agents that frontier models and incumbents can’t easily replicate. DMs open.

@0xfishylosopher Were working in some structures and product in Curaçao, the birthplace of the offshore sector. Keen to share perspectives!

"tokenized startups" will be the next meta. been tracking this space since january for my "structure of ICM piece". a few thoughts: > the goal of "tokenized startups" is to allow broader access (at least in price action) of VC-gatekept startups, creating "Internet Capital Markets" in the truest sense. > today, the fastest growing companies (SpaceX, Anthropic, Stripe) stay private for years/decades. access is gatekept, rather than like the IPOs of 20-30 years ago, when 18-month-old companies like Netscape could IPO. > the market has responded with adhoc fixes, the most obvious being the SPV which have grown 500% in last 2 years. the market's thirst for venture-performing assets needs to be quenched. > the idea for "tokenized startups" is not new - it rhymes with many things, including ICOs, DAO funds, tokenized SPVs, token-equity standoffs (eg. Aave/Axelar) , ownership coins, pre-ipo perps. > what's new is the set of primitives being used to build things (eg. closed end funds with Robinhood/USVC, tokenized SPVs with PreStocks, MetaDAO style launchpads, Ventuals styles perps). It's the wild west of experimentation. > the design space is just getting mapped out around now - some open questions include: 1. early stage vs late stage? are founders receptive or adversarial to tokenized markets? 2. pure price exposure (eg. via perps) vs. spot backing? 3. legal entity - SPV? Delaware CEF? Cayman token foundation? i would not be surprised if the major SF accelerators (YC/HF0/SPC etc.) are all actively experimenting on tokenization designs. having a "tokenized" basket of each batch (eg. YC W26) might unlock a ton of demand. more research on this topic incoming.... stay tuned....

@francescoswiss @nikodcg who you should connect with about Girasol & @Akibamiles

Who is in Miami next week? 🇺🇸

@sabben Kom gezellig bouwen vanuit Curaçao - goede quality of life en builder perks!

A real paradox is happening in the NL. 🇳🇱 The builder movement is rising. AI, hightech, deeptech. Old entrepreneurs and a new wave of young ones building again with the right values: hard work, adopting AI, fixing real problems, no BS theater. Meanwhile the system is cooking up its biggest Frankenstein yet: an unrealised gains tax, now sitting with the Senate. Bloomberg this week called it "the dumbest thing any government on planet earth is pursuing right now" and "a fiscal Frankenstein's monster." And last week I had two meetings with public organisations still pushing ESG. Completely out of touch. 🤷‍♂️ Dutch consensus culture keeps it from clashing openly. But the pressure is building, and that's a good thing. The old game, the same lobby groups, same roundtabless, same reports, same nothing,doesn't work anymore. Yet the people in it still get paid and send their invoices, so you don't hear them on social media. They only talk 1-on-1 about the same issues. This is not change. We need less consensus and more authenticity. People speaking up, challenging each other's arguments. Clash is good, as long as you keep respecting each other as a person. Give each other tough love publicity The builder movement is getting stronger. They won't wait and won't ask for permission. Back to international ambition, common sense, and building. My week my thoughts this week!

@TheJerzWay Curacao + we have great wealth preservation structures and function as a hub between North and South America!

Name a country where you can: ✓ Pay 0% on foreign income ✓ No minimum stay required ✓ Less than $10K total cost ✓ Done in 30 days Most people will guess wrong...

@ImperiumPaper @SuperchainEco @CeloPublicGoods In one case, we cross-referenced the minimum lifetime value with the last airdrop data to calculate how many months of "comparable avg activity" different user clusters needed. The takeaway: power users make up the vast majority of positions that are or can become rev-positive

@ImperiumPaper @SuperchainEco @CeloPublicGoods Can't share the details, but the methodology is based on data we generated from our Onchain Badges, which track priority activities across all linked user wallets. We then assign actual and perceived value per activity and tier to receive a minimum lifetime value.

Heinz estimates the lifetime value of a ketchup customer at ~$1000 ($50/year). Starbucks is ~$14000; Netflix $290; McDonald’s $5000. Other than at MegaETH, I’ve rarely heard of a crypto project even attempting to estimate this number for themselves. Same for cost of customer acquisition. I think this reflects a low level of curiosity about user base. But perhaps more importantly, it reflects a lack of thinking on the margin. You always want to be thinking in terms of the NEXT user, dollar of TVL, or transaction. Consider a DEX with $50m of LPing capital. When designing an incentives program, this DEX cares about attracting new LPers. Where possible, it is likely best to design incentives such that they are concentrated on new liquidity provision, since the existing $50m is already willing to LP on the basis of existing yield. This introduces complexity, because the DEX now needs to track the marginal LP increase, and also avoid incentivizing existing LPs from withdrawing and re-entering to capture a windfall yield. It’s hard, so most projects just throw a yield on top, which ends up targeting the average liquidity provider, rather than the marginal one. That overpays LPs who were already willing to show up, and leave less money available to pay more yield-sensitive LPs. Net result is less marginal growth for the same budget. Interestingly, this is the textbook pricing model of monopolists. The difference is the monopolist captures monopoly profits from this pricing system, while a crypto project bears the cost of the inefficiency itself. I think a lot of the complaints around incentives programs have their roots in this accidental targeting of average (rather than marginal) user acquisition cost, lifetime value, etc. That in turn seems to stem from a profound lack of curiosity about who relevant stakeholders are, what their needs are, and how to attract one more of them. Unfortunately, it’s easier said than done to figure this out.

@RegenRene 💛🫡

Celo mainnet turned six this week. Worth saying out loud: most projects that launched around the same time aren't here anymore. Or they're here in name only. Celo isn't. It's growing. Most metrics are at or near ATHs. New builders keep showing up. There are many reasons but I think a big one - and maybe underappreciated one - are Celo's people and our culture. And I think a big part of why the culture is still here is because we wrote down our values early on and lived by them: unique purpose and connectedness. Each person has their own path worth pursuing. We exist most fully in connection with one another. From those two, everything else followed: autonomy with accountability, empathy, reflection, mutual support, kindness. A commitment to building for people marginalized by the existing financial system, not as a marketing line but as a logical consequence of the values themselves. These values have been guiding principles throughout all the ups and downs (and there've been many - ask your crypto friends) and these values survived all this time because Celo people choose to live by them, again and again, often when it would've been easier not to. So this one goes out to everyone who's put in the work: the core team past and present, the builders who kept shipping through every cycle, the community stewards, the many folks who hosted and showed up to Celo events irl and online, engaged in governance calls and on the Celo forum for years, often without asking for credit. Thank you. You all are the reason any of this still means anything. Happy birthday, Celo. Here's to the next six.

⚠️ WARNING - Scammers are reaching out to people claiming to be part of a fake Kolektivo Labs. If they reach out to you via Telegram, please report them. We don't know Adrian Kaze, Ian Wu, or any of the people on their fake website.

@mbarrbosa @Celo Love to see it! 🫡

has been an honor being supported by the @Celo ecosystem for 6+ years 🫡

@francispouliot_ You’re missing Curaçao which has the highest BTC acceptance per capita rate and some OG based here! @BtcCuracao

Countries that are contending deliberately or accidentally for Bitcoiners to migrate: - Costa Rica ⭐ - Switzerland - El Salvador - Paraguay - Panama - UAE - Honduras (Prospera) - Andorra - Portugal - Singapore - Puerto Rico - Malta

@dp_carib @BardBard @BtcCuracao @Kolektivo We’re planning something large for Q4 to bring Web3 and Fintech together on the island - will keep you in the loop!

That would be awesome, I spent almost 3mos there in 2024 recovering from an injury. Best healthcare in the Caribbean imo. There’s a solid BTC movement there with @BtcCuracao ATMs on the beach 🔥 Also, some crypto peeps who may be interested ie @Kolektivo by @LuukDAO I can be on the ground if needed, it’s just a short flight away. 🤙

Why the Caribbean is Perfect for Crypto Conferences 🌴💻🧵 1/ The Caribbean isn’t just sun, sand and sea—it’s becoming a prime spot for hosting crypto events. Let’s break down why it makes sense to bring your next conference or meetup here 👇

Six years ago today, Celo mainnet launched on Earth Day! 🥳 The @Ethereum Layer 2 built for the real world has processed 1.27B+ transactions, bringing fast, low-cost stablecoin txs to 600K+ global users every day What does this look like in practice? Here's a better look ↓

@jinglejamOP huge!

MiniApp Builders, this is your moment!👇 S2 programs are in full swing: - Proof of Ship S2 with monthly rewards and a $20k+ USDT prize pool. - @prezenti_grants Anchor Round with grants up to $25K. - @VerdaVentures Builder Fund supporting the best MiniApps.

@buchmanster @cyclesmoney @informalinc Excited to see this relaunch and bullish @cyclesmoney - if there’s anyway to help count me in

We're resetting Informal to focus on the highest impact opportunities in front of us. Today we’re announcing the new @informalinc, a more focused and refined Informal, with two big bets, one in software, one in money. We started Informal with a simple mission: to foster trust in software and money. We pursued that mission through a variety of means: research, engineering, audits, staking, cross-chain relaying, and various incubated projects. Our technology helped move ecosystems forward. But through all that we lost focus, spread ourselves too thin. While we felt everything we did was valuable, it was too much. So we have decided to simplify. Our two big bets aren’t new. In fact we’ve been betting on them for years already. It’s just that now they are our exclusive focus. The first is @quint_lang, a big bet on transforming how we approach and trust software. AI has already dramatically reshaped the cost of producing code, but now the problem becomes validating it. How do we know the code is correct? How do we express ourselves and our intent in a way that can be reliably iterated on with machines and can produce correct outcomes? How do we reason about and test our systems in this new AI-based world? Quint is our answer. A way to formally specify systems so humans and machines can reason about them together. It’s not about replacing developers, it’s about making intent explicit. Today we’re announcing the launch of Quint as its own company, with @bugarela as CEO, and an incredible team from Informal joining her. Follow her! And learn more about the team and what they're working on: x.com/bugarela/statu… The second is @cyclesmoney, a big bet on transforming how we approach and trust money. We’ve been pioneers in the cryptocurrency space for a decade, but something is still missing in how we think about money. Everyone is so focused on moving assets faster and faster that they miss the underlying reason we need to move those assets in the first place - the debts we have with each other. Cycles is built on the insight that we need to start from the debts. That the debts form a network, and liquidity is hidden in the structure of the network. That the debts can be *cleared*, with less money than you think. That clearing is the most powerful financial capability in the world and it’s available exclusively to the largest financial institutions, or to small groups of friends splitting expenses. Cycles brings that power to everyone else, to do more with less, to save liquidity, to access new avenues for growth. To trust in the graph. Cycles changes the perspective from a bilateral, transactional view to a multilateral, network view. The world is not a multi-asset spot market, it’s a network of balance sheets. Respect the Graph. Our goal with Cycles is to clear the most debt, for the most people, with the least amount of money. We’re starting with large crypto trading firms settling T+1 that want to save liquidity, and with small crypto-businesses that want privacy for their payments. If you want private payments with great UX and yield (thank you @hydromarkets!), follow @cyclesmoney and msg us or join our TG to try the beta t.me/cycles_communi… With this refocus on Quint and Cycles, we’re winding down other parts of the business that don’t align. That means services we’re proud of and people we deeply respect, and have worked passionately with for years. Saying goodbye to people is always difficult, and we’re so grateful for everything they’ve done for Informal over the years. We’ve had the privilege of working with such incredible talent, and we’re sad to see them go. We wish them nothing but the best in future endeavours. Through all of this, I’m beyond grateful for my two partners and co-founders at @informalinc, @ArianneFlemming and @zarinjo. We’re ready to take on this next chapter together with renewed focus. They are rock-stars. They have made it possible for us to get here, to make Quint and Cycles happen, and to grow them into generational bets. While they will primarily focus on Quint for now, they continue to support me on Cycles. For @informalinc, we're incredibly excited to be able to focus on the highest impact outcomes we think we can tackle. And we’re bringing on new partners and investors that believe in what we’re doing. As for me, I’m all in on @cyclesmoney with our amazing team because I believe in the power of clearing and I want to make it accessible to all. The crypto revolution is far from over. I spent 10 years transforming how the world thinks about blockchains. And I’ll spend the next 10 years doing the same for clearing. Back to startup mode ✌️

@brix_money @YapiKredi @isportfoy @circle_ventures @Consensys @ParibuCom @will__price @izebel_eth Huge!

We are proud to announce our $5.5M fundraise from Turkish giants FRWRD Ventures by @YapiKredi, @isportfoy alongside @circle_ventures @Consensys @ParibuCom @will__price @izebel_eth ahead of the launch of ITRY, offering ~45% APY backed by Turkish Lira MMFs, on April 20th.