I love the concept of $PEARL, but at the end of the day, mining will be too complicated for the average crypto investor AND they'll still have to sell $PEARL to cover for electricity cost Not with solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp Anybody with no technical background can mine it and 90% is used to buy and burry ORE (whether its immediate or as limit orders) Once ORE catches on a bit more, people will see just how aggressive this can get Hold on to your hardhat

do yourself a favor and just own 1 solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp you owe it to your future self

I don’t think people understand how crazy this can get. The flywheel will continue as long as miners continue to show up. And why wouldn’t they? Almost all the fees paid to mine are used to directly support the price of the mined asset. An asset that is consistently yielding 40-50% per year. solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp

MUST READ BANGER about solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp ! A great summary on the fundamentals and also the latest on @ORE

GmORE new @ORE fams and holders. If u're new, just a little tip here that u could wrap ur solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp into $stORE or vice versa with better rate in the ORE site rather than in Jupiter. Note: stORE lets ur ORE keep earning yield while staying liquid. Welcome and keep stacking! ⛏️

what if the bitcoin mining cost was instead used to buy more BTC? solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp

Good and relaxing Sunday today chilling and mining solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp Have a good one fams. https://t.co/P9p4Er7bO3

Started Sunday in Mines :) Completed Available daily Task! Mined some solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp Levelled UP! SMS keeps cooking! Ask him for Beta invite if you like ORE! Myth https://t.co/0VAFVhaQ4C

thank you market movers. I am up to 70 solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp now. Goal remains 100. Right now, at 70, I'm earning about .75 ore a month. At 100, staked rewards should be closer to 1 ore a month that continues to compound. When solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp hits warp speed, principal never gets touched. I believe solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp becomes top 5 project on any chain.

Headed to solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp Island. BRB ⛏️ Want to play and test out @Gali_Game BETA? LMK, testers wanted. Available on @solanamobile Seeker, Android and web browser w/ wallet connected! https://t.co/vRyqUfqV9k

@dcfgod Note: dcf cap holds solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta The flagship stablecoin of metadao ecosystem 🤝

Solana’s next titan is being built in plain sight, and I don’t think most people have caught on yet. The past couple of weeks at @solomon_labs have been pretty incredible. We’ve launched solana:USDvUSpnhCr9yBgj3UyVrD239HRUv4RsHwH2FxsWuMk publicly and started putting real capital and partnerships behind something I’ve been excited about since joining: your dollar should be productive without you having to change how you use it. A quick look at where we stand: • USDv launched on Solana through @sunrise, with $5M+ entering circulation in its first hour. • Three independent security audits are complete, including the latest review by @zenith256. • @Raydium committed an initial $1M of treasury capital and is becoming USDv’s primary liquidity venue, with support for USDv pairs across its markets and launchpads. • @onrefinance has already allocated $1M to USDv as part of the collateral backing ONyc. • @MetaDAOProject will convert up to $2M of treasury USDC into USDv. • @orogoldapp announced GOLD/USDv pools, bringing productive dollars into onchain gold liquidity. For a dollar that only launched publicly last week, that is a hell of a starting point. These announcements are the opening steps in relationships we’re continuing to build. There are deeper ties forming with Raydium, OnRe, Sunrise and our other partners, with a lot more we want to accomplish together. The initial allocations and markets give us somewhere to start, and I’m excited to share more as that work develops. It’s worth understanding why these teams are choosing USDv, because the same benefit applies to your own dollars. Opt in once and eligible USDv balances can earn while remaining liquid and usable across supported wallets, LP positions and integrations. The dollar side of a liquidity pool can earn alongside swap fees. Treasury capital can stay available while producing rewards. You don’t need to stake, wrap or lock your dollars to participate. Teams are already putting millions behind that proposition. I think the appetite for productive assets is going to become much more obvious as people see what this means for the positions they already hold. And that opportunity extends well beyond USDv. The Solomon Platform lets issuers program an asset’s economics and rules, track who is entitled to what as it moves through different contexts, and route those economics where they belong. USDv demonstrates what that can do for dollars. The same infrastructure can support other productive assets, including tokenized stocks with dividends to distribute. The network we’re building around USDv gives us a way to help those assets grow as well. Relationships with liquidity venues, applications and asset issuers can create distribution for future assets using Solomon, giving them access to an ecosystem we’re already working to connect. Seeing that take shape with some of the biggest teams on Solana, this early, is a huge part of why I’m excited about where we’re headed. If you’re holding idle USDC or USDT, take a look at USDv. Swap into USDv, opt in to rewards, and put those dollars to work.

futarchy is doing its thing fresh capital coming into solana:CARSsxWPkpQWvfyRBwfGMGvysJBHdHGfE46X5MNgmeta straight to the treasury. love seeing projects in the MetaDAO ecosystem give people more reasons to pay attention Stay Brummm

I’ve been involved in crypto since 2017 and NFTs since 2020. My solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy airdrop is the only one that has shown an upward trend. It’s seen over a 10x gain in five months, whereas all the other airdrops I’ve received over the years were things you had to sell off quickly before they died out. And you know what? Believe it or not, that upward trajectory is exactly what the @Backpack team has aimed for since day one of the TGE. They ignored the FUD, the foolish demands to pump the price through marketing right from the start, and all the shortcuts some people wanted them to take. I can even quote @armaniferrante : "If you judge the token's value after a few days rather than a few months, you haven't understood our strategy."

posted my thesis on gg about @solomon_labs as i think they are the most well positioned project on metadao and have a big chance into turning on a key defi project on solana. solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta

the projects that taught me about token sovereignty and ownership are @MetaDAOProject and @HyperliquidX they challenged the idea of token ownership earlier than anyone else and became pioneers of a fundamentals driven, utility focused market i will always research projects that are bold, experimental, and willing to challenge the status quo keep going solana:METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta , solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g

the projects that taught me about token sovereignty and ownership are @MetaDAOProject and @HyperliquidX they challenged the idea of token ownership earlier than anyone else and became pioneers of a fundamentals driven, utility focused market i will always research projects that are bold, experimental, and willing to challenge the status quo keep going solana:METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta , solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g

Ownership Capital- it just hits differently. solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta World Order. https://t.co/pGJlN6SYur

USDv is launching broadly soon. Reminder: Solomon has no equity and solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta is the ownership instrument of the DAO that owns the USDv business, IP and treasury. If you want exposure to USDv economics and future revenue streams solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta is the ticker Nfa, dyor

Can anyone claim a @fomo handle or does Olaf Carlson-Wee (@zxocw) have a solana:4K1m7gAMDKzrxQn68yuZAd767w57Fw7Ykw69dG3umeta position? https://t.co/2VbIp0AbTP

first MetaDAO, then Umbra, now @crediblefin -> $250K into @solomon_labs’ USDv, plans to scale toward $1M, and rewards routed to solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta founders connecting is good. founders becoming customers of each other is where it gets interesting very bullish on this MetaDAO loop

MetaDAO currently holds ~$495K worth of ownership coins accumulated through FutarchyAMM and Meteora trading fees. A new proposal to put those holdings to work by lending them out is currently passing by ~11%. In January, a decision market approved funding for META’s market making program, which helped secure listings on KuCoin and later Coinbase, the first tier-one listings for an ownership coin. @MetaDAOProject is now looking to support the projects it launches using the assets it accumulates. solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta, solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta, solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta and solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta account for ~88% of the portfolio, worth ~$132K, $133K, $93K and $77K respectively. If approved, MetaDAO could lend up to 100% of these holdings to market makers or use them to support exchange listings and other integrations. So far, the market has traded ~$124K across 990 trades from 8 unique wallets, with ~59% of volume and ~70% of traders economically Pass-aligned.

MetaDAO currently holds ~$495K worth of ownership coins accumulated through FutarchyAMM and Meteora trading fees. A new proposal to put those holdings to work by lending them out is currently passing by ~11%. In January, a decision market approved funding for META’s market making program, which helped secure listings on KuCoin and later Coinbase, the first tier-one listings for an ownership coin. @MetaDAOProject is now looking to support the projects it launches using the assets it accumulates. solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta, solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta, solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta and solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta account for ~88% of the portfolio, worth ~$132K, $133K, $93K and $77K respectively. If approved, MetaDAO could lend up to 100% of these holdings to market makers or use them to support exchange listings and other integrations. So far, the market has traded ~$124K across 990 trades from 8 unique wallets, with ~59% of volume and ~70% of traders economically Pass-aligned.

Check this out if you want to understand why we had a five year token bear market in the first place, and why it might be over. It's all structural, and it all makes perfect sense if you think about token capital markets from first principles.

Update: @crediblefin will be routing profits into DAO treasury and you'll be able to track all flows on 01Resolved. @NiceGuyShri also mentioned solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta rewards. We'll have an article on this very topic out soon. https://t.co/UQE5PO9FjO

The fast response from @RamXBT, @Avici and @RainCards is showing up in the chart. solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta is up ~16% over the past 24 hours. Affected balances in the Solana card contracts have been restored in full, plus 10% cashback. Wallets, EVM card balances, onramps, offramps and swaps were not affected. Rain covered the reimbursements. Avici's treasury is unchanged at ~$2.53M with 18-25 months of runway.

I'm no good at vague posting Hyperliquid and MetaDAO for Ownership ZEC for Privacy Pump for Crime

I don't know how high solana:METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta will go, I just know it's only getting started. MetaDao will win. https://t.co/y1oww7sa6Y

SOLANA ECOSYSTEM TOKENS WEEKLY CATCH UP ♻️ WEEK #15 MetaDAO token is making all the headlines this week after being listed on @Official_Upbit best performing solana weekly charts: 👇 1) $META from @MetaDAOProject current price -> $6.40 (+46%) ▪️started the week at $4.39 ▪️topped at $7.47 2) $ANSEM from @blknoiz06 (MEMECOIN) current price -> $0.2 (+13.91%) ▪️started the week at $0.176 ▪️topped at $0.202 3) $MET from @MeteoraAG (DEX) current price -> $0.169 (+5%) ▪️started the week at $0.161 ▪️topped at $0.18 👁️‍🗨️ watchlist: 4) $HUMA from @humafinance (DEFI) current price -> $0.0192 (-10.36%) ▪️started the week at $0.0214 ▪️topped at $0.0219

@uttam_singhk Indeed, most of the highly successful things in crypto can't claim the latter (Hyperliquid, Binance, Ethereum, Solana, Pump)

I haven’t verified the wallet-overlap stat, but the business case alone looks weak. For every $1 Pump earns, its users pay roughly $0.12 to Solana validators. Pump’s three main programs account for about 25% of Solana REV. That $0.12 is what Pump could theoretically capture by launching its own chain. But it is important to be precise: this is not a cost to Pump today. Users pay transaction fees on top of Pump’s fee, so it never touches Pump’s top line. An SVM fork would not save Pump money. It would allow Pump to collect a toll its users already pay elsewhere. Doing some napkin math, Pump has averaged $1.08M in daily revenue over the past 30 days, equivalent to a $393M annualized run rate. Capturing another 11.8% would add approximately $46M per year. That is an optimistic ceiling, not the base case. It assumes: • 100% fee capture • Zero users lost during migration • No validator or security costs Every assumption only breaks in one direction. That potential $46M uplift is not worth building a performant chain from scratch, migrating away from Solana, rebuilding wallet, CEX and aggregator integrations, and absorbing the execution risk, all for a maximum revenue increase of roughly 12%. It is also strategically backwards. Pump owns the launchpad, the AMM and the terminal. Its goal is to own the user and the entire lifecycle of a coin, not the underlying infrastructure.

Chasing short-term speculative opportunities like memecoins, many fail to realize that MetaDAO is building a model that could become the next major step after ICOs — a new mechanism for the market to discover value and allocate capital to promising ideas. MetaDao will win. solana:METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta

Not a great example, since @LasoFinance’s ICO also had the lowest participation, with 715 contributors. Would be better to look at the impact of MetaDAO’s distribution on @avici and @UmbraPrivacy. Avici has already made the case. Umbra is a little harder to evaluate because the product went live a few months after the raise, but I’m pretty sure its first user base was made up of MetaDAO + Arcium community. source: @01Resolved

It's just great that you can research, look at the data, and estimate fair value without having to fear a predatory equity layer or a misaligned team. Founders have a huge incentive to launch at low valuations so their team's performance-based allocation can realistically be unlocked. solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta launched at $9M against a $3.5M annualized run rate. You could have gotten into the ICO on @MetaDAOProject or just bought on the public market...it actually traded below the ICO price for 1–2 hours. There will be more ICOs in the future, and there are some gems among the first cohorts. No better time to study and understand MetaDAO. Follow @ownershipfm and @01Resolved too so you can keep track of all developments in the ecosystem. owners will keep winning

RWA Hot Wheels platform @ripcarsio is raising $250,000 on @MetaDAOProject. Collectibles are violently growing as a market on @solana, and RipCars are the first to bring Hot Wheels to market. Listen to the founder @allocateur and I chat about it https://t.co/W3Lv8PXYPi

'It's just a little bit crazy to throw all this money with no accountability,' @metaproph3t told me about ENS's treasury. @DrNickA sees it differently. They also touched on BonkDAO, VVV and MetaDAO. 🍯 Timestamps: 🏛️ 01:06 Laura frames the DAO reckoning: disbandments, low turnout, and the Venice fight 📉 08:26 How ENS DAO's collapsing voter turnout let a 3% stake decide its fate ⚖️ 12:55 Proph3t on why voting is a cost, and how a 51% attack captures a DAO 🏦 19:11 Nick maps DAOs' next phase: substructures picked for expertise, not popularity 🍯 24:09 Why Jeff Lau called ENS's treasury plan a honeypot with zero accountability 📣 28:50 Cape: Get 33% off six months of privacy first mobile service at https://t.co/2ZtLziXsHV 🏗️ 29:49 Why founders like Nick Johnson get vilified for wanting DAOs to run efficiently 🗳️ 36:35 Why Nick Johnson's silent vote against ENS's Security Council reads as an attack 💰 41:34 How BonkDAO lost $20 million to one proposal backed by just seven votes 🧩 46:22 Why Proph3t would not buy Venice's VVV token despite defending its disclosures 🔮 56:45 Proph3t on MetaDAO's origin story: pro oversight, not pro governance

Was searching for old public talks about OpenBook/Serum to understand why Raydium remains the biggest AMM on Solana despite all the innovation @0xSoju has been doing with Meteora, and found this amazing talk from Breakpoint 2023. [Some references claimed OpenBook integration was a big factor, something I'm skeptical of, but maybe also because concentrated liquidity usually requires far less capital and still makes up a substantial share of total spot volume.] I was watching it around the same time as Colosseum demo day and the MetaDAOProject Inaugural Ownership Meeting. Despite @tr4ce4 being there and dropping a small alpha about Omnipair, I couldn't make it. I had a lot of FOMO (again, after the previous Breakpoint and multiple mtnDAO meetups), so I escaped it by working while watching this, and ended up finding this hidden lore about @metaproph3t. When I met proph3t, MetaDAO was already well established and had one of the most passionate & cultic ecosystems. Something I admired. And when I researched MetaDAO more and stumbled across the older stuff (proph3t's anon CV, the conditional vault implementation), my respect for proph3t, @metanallok, and a lot of the futards kept growing. MetaDAO found PMF after a lot of grinding and pivoting around a highly complex idea that stayed in the theory domain for so long (despite Vitalik, as usual, trying to introduce it, yet no one built it, probably because no one understood it or its importance at the time) MetaDAO is phenomenal

Ranga, Co-founder of Solomon Labs, on his path from BlackBerry to building a better dollar "My first corporate job was an internship co-op at BlackBerry. I was a software programmer working on quality and the new products. Around that time was when I discovered Bitcoin, mostly out of intrigue around this internet dollar you could transact with. This was already around 2012, 2013, and my first purchase was around 2013, 2014. I read the Bitcoin paper, I loved the simplicity of it" "After BlackBerry I finished my degree in electrical and biomedical engineering and started my career building airport baggage handling and control systems, flying airport to airport. Around 2014, 2015 I started hearing about Ethereum, the programmability, smart contracts, and I was instantly hooked on this idea that you could create financial systems on the internet and they would just work out of the box" "In 2017 I took a deeper dive with my first startup, a protocol called Zywo, about democratizing ownership of renewable energy assets and bringing renewable energy yields onchain, an early form of RWA, a bit too early for its time. We had one of the earliest VC investments and ran pilots in California and Brazil before closing up shop around 2019" "I went back to my traditional career as a senior staff engineer developing the Common Industrial Protocol, the language most industrial devices and PLCs speak. That background led me back into standards and protocols in crypto. I dove back in around 2021 in the NFT space, and around 2024, 2025 is when I started thinking about how we could build a better dollar"

1) adverse selection - yes, all launchpads face this. but if you look at the projects that have launched on metadao - like omnipair, solomon, and laso - I think you will find that most are venture-backable startups that explicitly chose a metadao ico over private vc 2) forced futarchy - by this, I assume you mean "metadao takes decision-making power away from great founders." if this is what you mean, then yes, I agree this would be concerning **if** that was happening. but that is not what's happening. metadao only forces teams to use decision markets (futarchy) for two big things and two big things only: (1) when teams have a large treasury spend and (2) when they want to mint more tokens. both of these decisions involve rug risk, so decision markets act as a rug check. every other decision - product, strategy, hiring, etc - is all founder mode. metadao does not believe in decentralized governance maxxing. we just want to win 3) ownership coins as public goods - i'm not sure what you mean by this. ownership coins are special bc of metadao's decision markets and offchain legal structure . the combination of the two components give investors far more certainty in the asset they are holding. they solve many of the problems that currently plague other tokens such as vvv, pump, and jup. if we were designing crypto businesses from scratch, we would use either a token or equity as the sole economic unit, but not both. we ended up with these bizarre frankenstein's monster of dual token/equity as a result of gensler's regime of terror. we now have a different regulatory environment and metadao's ownership coins are attempting to build a token standard that is on par, and in many ways surpasses, the protections afforded to equity holders metadao is solving the most important problem in our space. if we don't fix tokens, there's a chance everything ends up being a tokenized equity where the real value is held offchain. that's not the cypherpunk future that first got me excited about crypto. metadao is our best chance to make tokens the greatest assets on earth. join us!

1) adverse selection - yes, all launchpads face this. but if you look at the projects that have launched on metadao - like omnipair, solomon, and laso - I think you will find that most are venture-backable startups that explicitly chose a metadao ico over private vc 2) forced futarchy - by this, I assume you mean "metadao takes decision-making power away from great founders." if this is what you mean, then yes, I agree this would be concerning **if** that was happening. but that is not what's happening. metadao only forces teams to use decision markets (futarchy) for two big things and two big things only: (1) when teams have a large treasury spend and (2) when they want to mint more tokens. both of these decisions involve rug risk, so decision markets act as a rug check. every other decision - product, strategy, hiring, etc - is all founder mode. metadao does not believe in decentralized governance maxxing. we just want to win 3) ownership coins as public goods - i'm not sure what you mean by this. ownership coins are special bc of metadao's decision markets and offchain legal structure . the combination of the two components give investors far more certainty in the asset they are holding. they solve many of the problems that currently plague other tokens such as vvv, pump, and jup. if we were designing crypto businesses from scratch, we would use either a token or equity as the sole economic unit, but not both. we ended up with these bizarre frankenstein's monster of dual token/equity as a result of gensler's regime of terror. we now have a different regulatory environment and metadao's ownership coins are attempting to build a token standard that is on par, and in many ways surpasses, the protections afforded to equity holders metadao is solving the most important problem in our space. if we don't fix tokens, there's a chance everything ends up being a tokenized equity where the real value is held offchain. that's not the cypherpunk future that first got me excited about crypto. metadao is our best chance to make tokens the greatest assets on earth. join us!

1) adverse selection - yes, all launchpads face this. but if you look at the projects that have launched on metadao - like omnipair, solomon, and laso - I think you will find that most are venture-backable startups that explicitly chose a metadao ico over private vc 2) forced futarchy - by this, I assume you mean "metadao takes decision-making power away from great founders." if this is what you mean, then yes, I agree this would be concerning **if** that was happening. but that is not what's happening. metadao only forces teams to use decision markets (futarchy) for two big things and two big things only: (1) when teams have a large treasury spend and (2) when they want to mint more tokens. both of these decisions involve rug risk, so decision markets act as a rug check. every other decision - product, strategy, hiring, etc - is all founder mode. metadao does not believe in decentralized governance maxxing. we just want to win 3) ownership coins as public goods - i'm not sure what you mean by this. ownership coins are special bc of metadao's decision markets and offchain legal structure . the combination of the two components give investors far more certainty in the asset they are holding. they solve many of the problems that currently plague other tokens such as vvv, pump, and jup. if we were designing crypto businesses from scratch, we would use either a token or equity as the sole economic unit, but not both. we ended up with these bizarre frankenstein's monster of dual token/equity as a result of gensler's regime of terror. we now have a different regulatory environment and metadao's ownership coins are attempting to build a token standard that is on par, and in many ways surpasses, the protections afforded to equity holders metadao is solving the most important problem in our space. if we don't fix tokens, there's a chance everything ends up being a tokenized equity where the real value is held offchain. that's not the cypherpunk future that first got me excited about crypto. metadao is our best chance to make tokens the greatest assets on earth. join us!

Meteora Ecosystem 🤝 Cypherpunk Privacy. Permissionless systems. Internet-native freedom. We’re kicking off MetEco CypherPunk season by celebrating builders bringing that legacy to life, with Meteora. First up: MetaDAO & Futardio. Ownership on Solana. https://t.co/pswTTJnRg2

@Crypto_McKenna thanks for the very clear breakdown on this. Just reinforces my view that I do not want to hold VVV here, hence I sold last week. I'm fully MetaDAO pilled now and these examples just reinforce why. VVV was a great buy when it was just a token but no longer sadly.

Hi Haseeb, long term listener, first time caller… If VVV’s primary justification at a 1B FDV is a “perpetual pro-rata claim on compute,” the valuation doesn’t hold up. The mechanism gives stakers proportional access to Venice’s daily inference capacity through a credit system (DIEM). In practice, this is a right to draw dollar denom usage credits inside one provider’s platform. Not ownership of GPUs, data centers, or raw compute. The company fully controls the infrastructure, mint rates, credit parameters, and capacity expansion. There is no governance, so holders have no say over how the asset evolves or is priced. This differs sharply from real infrastructure ownership. A perpetual claim on bandwidth or power in traditional markets usually comes with asset ownership, long-term contracts with pricing power, or governance rights. Here, stakers get usage rights in a credit framework from a centralised operator that is still largely leasing GPUs and only now raising capital to build its own capacity. Token holders do not own or control that build-out. Valuing the tokenised claim on this capacity at $1B implies Venice’s inference output deserves a premium comparable to owning slices of real compute infrastructure. In reality, inference is rapidly commoditizing through spot GPU markets and efficiency gains. A credit-based access right inside one provider’s system does not create equivalent scarcity or pricing power. The “perpetual claim on compute” is a useful product feature for access. It is not, by itself, a foundation that supports a $1B FDV for the token. Real infrastructure is valued on ownership, control, and physical scarcity none of which exist here in a form that justifies the current valuation.

When push comes to shove, owning equity in the company gives you legal rights regarding company profits. Owning VVV gives you no such legal rights. It's ultimately based on a promise that Venice, the company, will not change the "terms" of the token in the future. If you have the opportunity to buy equity, it's only natural that you'd also want to capture the potential upside of the VVV token (you get both the downside protection and the upside potential from the equity). So having the VVV token as well is just more upside. But owning just VVV is a completely different risk profile; you ultimately have no legal weight in the matter. Why not let retail buy part of the equity as well? As usual, that's a game just reserved for the in-group.

This week in the Ownership ecosystem: @LasoFinance completed its raise on MetaDAO, with $25M committed from 700+ contributors. @UmbraPrivacy introduced “Private Payroll” on Solana: private USDC payments with built-in compliance. @JurassicFi detailed “Deaton,” its first dinosaur acquisition raise. 660K USDC target. Starts in July. @FlashTrade released V2 on mainnet. Sub-50ms execution, 100+ assets, fees from 2 bps. @loyal_hq launched Loyal Earn, auto-routing idle USDC to Kamino vaults. Up to 10% APY. @P2Pdotme announced its Builder Programme: hit 100 ramps and list on @futarddotio for $5K plus raise support. @01Resolved published the “June Ownership Coin Monthly” report. @AviciMoney crossed 1 million transactions.

I’m not buying what Haseeb is selling here but i have to hand it to him he’s extremely articulate. If i was even remotely interested i’d probably be more convinced of why VVV was alright and not a total misunderstanding of how value is perceived or even assigned by markets in cases where two financial instruments could be presumed to be the primary instrument for value accrual (and causing market fatigue) Maybe I’m wrong and maybe the market treats VVV like it did Hype but if there’s any takeaway for other founders out there it is that you can longer take your holders for a spin Get your act together and pick between token/equity or roll a dice and pray

With all the discourse around $VVV and $GRASS, it's finally time for me to drop my Simplified tier list on asset structures in crypto: -------------- A+: Public equity or @MetaDAOProject ownership coin B+: protocol level buy-and-burn with no / minimal leakage ($HYPE, $GEOD to a lesser degree). OR the approaches teams like $MORPHO and $SYRUP have taken (no equity, only token) C: no external equity holders, non-founders only hold token, but you trust the founder(s) ($GRASS, $CARDS) D: token + external equity holders , but you trust the founder(s) ($VVV) F: pretty much everything else -------------- A few big picture comments: - There is a huge gap between A+ tier and everything else - Everything below A tier to hinges to some degree on “just trust me bro” wrt the the founders. It’s just that the amount of trust you need to have goes up the further down the tier list you go. So for the B+ structures you don’t need as much trust, but for the D+ tier you need a lot of trust because the founder has to fight external shareholders in any case where interests between token and equity conflict - The price action on $GRASS, $CARDS, and $VVV have been in part trust reratings on the @0xdrej , @tuom, and @ErikVoorhees imo, Implicit signaling that trust in the founders exists / has increased - In all 3 of tokens mentioned above, I think the trust is warranted. That said, there are certain scenarios, esp acquisition, that will really stress test this trust and token holders are just praying to the heavens they won’t get shafted. And the historical track record indicates they will - yes I am glossing over structural differences between tokens for the sake of simplicity ---------------------- Edit: it has been brought to my attention $GRASS should be considered B+ tier given the Foundation owns the IP and earns the revenue. I think that is reasonable edit

With all the discourse around $VVV and $GRASS, it's finally time for me to drop my Simplified tier list on asset structures in crypto: -------------- A+: Public equity or @MetaDAOProject ownership coin B+: protocol level buy-and-burn with no / minimal leakage ($HYPE, $GEOD to a lesser degree). OR the approaches teams like $MORPHO and $SYRUP have taken (no equity, only token) C: no external equity holders, non-founders only hold token, but you trust the founder(s) ($GRASS, $CARDS) D: token + external equity holders , but you trust the founder(s) ($VVV) F: pretty much everything else -------------- A few big picture comments: - There is a huge gap between A+ tier and everything else - Everything below A tier to hinges to some degree on “just trust me bro” wrt the the founders. It’s just that the amount of trust you need to have goes up the further down the tier list you go. So for the B+ structures you don’t need as much trust, but for the D+ tier you need a lot of trust because the founder has to fight external shareholders in any case where interests between token and equity conflict - The price action on $GRASS, $CARDS, and $VVV have been in part trust reratings on the @0xdrej , @tuom, and @ErikVoorhees imo, Implicit signaling that trust in the founders exists / has increased - In all 3 of tokens mentioned above, I think the trust is warranted. That said, there are certain scenarios, esp acquisition, that will really stress test this trust and token holders are just praying to the heavens they won’t get shafted. And the historical track record indicates they will - yes I am glossing over structural differences between tokens for the sake of simplicity ---------------------- Edit: it has been brought to my attention $GRASS should be considered B+ tier given the Foundation owns the IP and earns the revenue. I think that is reasonable edit

With all the discourse around $VVV and $GRASS, it's finally time for me to drop my Simplified tier list on asset structures in crypto: -------------- A+: Public equity or @MetaDAOProject ownership coin B+: protocol level buy-and-burn with no / minimal leakage ($HYPE, $GEOD to a lesser degree). OR the approaches teams like $MORPHO and $SYRUP have taken (no equity, only token) C: no external equity holders, non-founders only hold token, but you trust the founder(s) ($GRASS, $CARDS) D: token + external equity holders , but you trust the founder(s) ($VVV) F: pretty much everything else -------------- A few big picture comments: - There is a huge gap between A+ tier and everything else - Everything below A tier to hinges to some degree on “just trust me bro” wrt the the founders. It’s just that the amount of trust you need to have goes up the further down the tier list you go. So for the B+ structures you don’t need as much trust, but for the D+ tier you need a lot of trust because the founder has to fight external shareholders in any case where interests between token and equity conflict - The price action on $GRASS, $CARDS, and $VVV have been in part trust reratings on the @0xdrej , @tuom, and @ErikVoorhees imo, Implicit signaling that trust in the founders exists / has increased - In all 3 of tokens mentioned above, I think the trust is warranted. That said, there are certain scenarios, esp acquisition, that will really stress test this trust and token holders are just praying to the heavens they won’t get shafted. And the historical track record indicates they will - yes I am glossing over structural differences between tokens for the sake of simplicity ---------------------- Edit: it has been brought to my attention $GRASS should be considered B+ tier given the Foundation owns the IP and earns the revenue. I think that is reasonable edit