Uniswap (UNI)

. @DTAPCAP reveals why his fund refuses to buy tokens, even the ones crypto natives swear have "so much more upside" "We do equity only. Most people in this more crypto-native crowd would say, why would you not buy these tokens, they have so much more upside, he's boring. And what happened? All those shitcoins went to zero. We had six realizations last year, which proves the thesis" "It's not that we're against tokens. There are growth-stage protocols, real businesses producing real revenue where there's only a token, not equity. Hype is real, hype is fantastic. But there's still confusion about where revenue accrues, you saw that with Uniswap, the back and forth on governance" "I'm from the old macro hedge fund business for 20 years. We model all of our investments for a 5 to 8x return over a ten year life. If I buy a token looking out ten years, do I have certainty that the revenue I expect will accrue to the value of that token?" Podcast out this Thursday! @50TFunds

uniswap dex marketshare this week: number one on ethereum (67.3%) number one on arbitrum (84.6%) number one on base (46.6%) defi will do multiples from here as more value comes onchain, and uniswap will serve as the liquidity layer

. @DTAPCAP reveals why his fund refuses to buy tokens, even the ones crypto natives swear have "so much more upside" "We do equity only. Most people in this more crypto-native crowd would say, why would you not buy these tokens, they have so much more upside, he's boring. And what happened? All those shitcoins went to zero. We had six realizations last year, which proves the thesis" "It's not that we're against tokens. There are growth-stage protocols, real businesses producing real revenue where there's only a token, not equity. Hype is real, hype is fantastic. But there's still confusion about where revenue accrues, you saw that with Uniswap, the back and forth on governance" "I'm from the old macro hedge fund business for 20 years. We model all of our investments for a 5 to 8x return over a ten year life. If I buy a token looking out ten years, do I have certainty that the revenue I expect will accrue to the value of that token?" Podcast out this Thursday! @50TFunds

. @DTAPCAP reveals why his fund refuses to buy tokens, even the ones crypto natives swear have "so much more upside" "We do equity only. Most people in this more crypto-native crowd would say, why would you not buy these tokens, they have so much more upside, he's boring. And what happened? All those shitcoins went to zero. We had six realizations last year, which proves the thesis" "It's not that we're against tokens. There are growth-stage protocols, real businesses producing real revenue where there's only a token, not equity. Hype is real, hype is fantastic. But there's still confusion about where revenue accrues, you saw that with Uniswap, the back and forth on governance" "I'm from the old macro hedge fund business for 20 years. We model all of our investments for a 5 to 8x return over a ten year life. If I buy a token looking out ten years, do I have certainty that the revenue I expect will accrue to the value of that token?" Podcast out this Thursday! @50TFunds