Re-underwriting DeWi in 2025 Presenting Escape Velocity' latest research: a reflection on our DeWi thesis from 2022, what we got right vs wrong, and why we remain hyper-bullish on Helium🎈 DAWN and the broader DeWi sector Link to PDF below

There is a lot of discussion around tokenizing equities. Most everything I’ve seen on this subject has been wrong. The primary reason to put equities on blockchain is to use equities as collateral (in defi and CEXs) with secondary benefits of cross settlement (equities to BTC,

Just like the iPhone was the gateway to the world of mobile apps, the Black Box will be the gateway to the world of DePIN, self-hosted apps, consumer-IoT, and more.

Big day for the Dawn and broader DePIN communities. We will look back on the Black Box launch as a pivotal inflection point in the decentralized wireless movement Sharing an excerpt from Escape Velocity most recent LP letter on why the Black Box is different than any of the DePIN

Hard to overstate what a huge day it is for crypto in the USA

its telco earnings week, with Verizon reporting results monday and AT&T + T-mobile on wednesday So far, Helium Mobile 🆓 ☁️ is leading the pack in terms of new subscribers added in Q2'2025 👀 helium mobile: +150K verizon prepaid: +50k verizon postpaid: -50k

all the Q2 earnings are out. for prepaid signups: AT&T: -34k Verizon: +50k TMO: +39k Helium Mobile: +155.6k and yes, our churn numbers look a hell of a lot better too 📈📈📈

Higher.

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Hyperliquid is pushing the frontier with HIP-3. The potential is massive, but so are the unanswered questions: slashing conditions, liquidation backstops, governance subjectivity. Our latest piece breaks it down.

Euler is disproportionately good at generating fees and revenue. 7d fees on Euler the same as Morpho, and we have our fee switch ON. Did you know the protocol quietly bought back 172k EUL and burned an additional 50k EUL? That's 0.8% of the total supply in 1 year, anon.

Per Freddie Mac’s 2024 Cost to Originate document, retail lenders paid an average of $11,600 to produce a mortgage. On a $200,000 mortgage, $11,600 is 5.8%. You generally aren’t going to be selling Freddie (or Fannie or anyone) that loan for a 5.8% gain. As a result, loan

10,000 Registrations

Thrilled to be on this journey with you Evan Varsamis and Dan!

We’ve backed Lit Protocol 🔑 since 2021 as seed investors and node operators. The vision is immense and truly disruptive: shifting access control to a decentralized, secure model. Forged by relentlessness and conviction with real traction, we feel Lit is just getting started. 🚀

Watching Brett Harrison's execution on a complex roadmap has been nothing short of a masterclass. Very happy to see this huge milestone, and with it exciting, new products brought to market. Onwards and upwards!

Awesome to see the Lit Protocol 🔑 token listed on Coinbase 🛡️ after a record breaking ve holder vote on Aerodrome!

The ticker is $LITKEY because it’s your key that’s Lit: 🔥 Decentralized with first-of-its-kind applied cryptography 🔑 Programmable to unlock automation and privacy across all blockchains

Very excited to talk all things crypto at the best place in the world, Ann Arbor!

Thank you, Paul! It's been an absolute pleasure working with you.