1/ DePIN at scale demands sustainable economics. GEODNET's globally distributed RTK network is showing just that, growing usage, rising token burns, and declining emissions. This could be the blueprint for a sustainable DePIN model. 🧵

We have allocated a total of $190.4m to buyback $RAY This brings our total amount of accumulated $RAY to 69.1m or 25% of the circulating supply

Had a great conversation w/ @richwgalvin about how @maplefinance is bridging TradFi to DeFi and how onchain asset management remains a $1T opportunity.

As mentioned below - link to the discussion with @syrupsid re his @maplefinance journey and the road ahead. Incredible story of rebuilding from near zero to a $3bn loan book with a $10bn+ 24 month target. 💪 As more tradfi and financial engineers own Bitcoin and other crypto assets the search for yield (and borrow) intensifies - our funds own Maple as it has a platform purpose built to deliver this.

Surely one of the greatest investments of all time?

@syrupsid is incredible - interviewed him last week about surviving 2022, the learnings and now the relentless acceleration into a huge, but wide open market - the payoff for the bloodbath they survived! Think some of the best founders and teams are those that have lived the lows together and are now on a vengeance arc to prove everyone wrong! 💪