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McKenna
Vis et honor usque ad finem
Managing Partner at @Arete_xyz
Kiyotaka remains the most goated product in the space brought to you by the chads at Thanefield Capital

Resonance20 tuntia sitten
The $4K sell wall that's been capping $ETH for days is finally cracking.
Sellers who've been blocking the move higher just pulled their orders en masse today.
The spot order book is slowly flipping bullish, with bids now outweighing asks.

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SYRUP is the only token in the green today and has become the largest asset manager in crypto with greater than $3Bn in TVL flipping the likes of the BlackRock BIUDL fund.
When I first started to build conviction in Maple Finance TVL was sitting at $300M but Sid and co showed top tier execution ability. They still continue to show solid execution and phenomenal MoM growth faster than any DeFi protocol I have seen except the likes of Aave.
Believe by the end of 2025 that Maple Finance will smash it's $4Bn TVL target and sit somewhere between >$5-7Bn in TVL. Also believe syrupUSDC will be one of the largest stablecoins in DeFi.
$SYRUP

33,06K
McKenna kirjasi uudelleen
Just like HIP-3 deployers will buy 1m Hype stake to participate in perp auctions, I have high conviction that we will see consumer layer applications (e.g Phantom) buy and stake HYPE.
This is due to the staking referral program lets builders and referrers who stake HYPE earn up to 100% of the difference between their own trading fee discount and that of their referred user.
This is just one aspect of Hyperliquids economic distribution model of their performant orderbooks. All three layers (which we outlined in previous reports), bring value back to HYPE.
Infrastructure layer: Core to Hyperliquid, all fees from foundation deployed markets (e.g BTC/USDC) go directly back to HL
Coordination layer: 1M HYPE requirement + Auction Fees + Fees from new Markets
Consumer Layer: Flows from existing users (e.g Phantoms 15m MUAS), Consumers buy and stake Hype to maximize rewards via staking referral program.

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