What we shipped live this week at @mobyagent: Monday: 5m and 30m trending Monday: Features gated by $MOBY ownership Tuesday: Aggregated Pools Thursday: New trading infra powered by Jupiter Friday: New token search & leaderboard optimizations Back at it again tomorrow

(1/3) Sanctum has acquired @IronforgeCloud. At its peak, the Ironforge team handled up to one-third of all Solana transaction volume, making it one of the ecosystem’s most trusted transaction layers. The acquisition brings Ironforge’s battle-tested architecture and the team behind it into Sanctum, making our engineering team stronger than ever. “When it comes to building reliable infrastructure, the Ironforge team is unmatched, and their product completes our stack. Together, we’ve been able to build [redacted] in record time, which allows us to expand into a brand new vertical. They build like we do: fast, reliably, and with real conviction.” - @soleconomist A full product reveal is imminent. Stay tuned for our next update!

New from me 💣: @sanctumso has acquired @IronforgeCloud in an all-cash deal. More in the @Lightspeedpodhq newsletter.

Anyone else using their dune credits nonstop updating dune dashboard queries? Just me? Cool

3 billion maple syrup dollars and counting...

Maple is crossing $3 B TVL, a remarkable milestone over the last yr - 3X TVL growth in the past quarter - 10X+ TVL growth in last 12 months - syrupUSDC approaching ~$1B issuance - $1.1B+ loan book - $20M run rate protocol fees product market fit has never been stronger

Veda running away with the market. Incredibly impressive

Alpha for @maplefinance: There's more dominos beginning to fall for $SYRUP that makes me think "you ain't seen nothing yet". Big Domino Last month a "Temp Check" appeared on @aave to onboard syrupUSDC. Why is the proposal so positive sum for both parties? Aave gets: - New collateral type with real-world yield. - Potential for $500M+ institutional inflow into syrupUSDC if loopable on Aave (but I think way more, keep reading). - Boosts TVL, USDC utilization, and interest rates. - Maple will provide $250k in incentives to kickstart adoption. Benefits to Aave: - Supports Aave’s broader strategic goals, like GHO adoption via institutional lending. - Ultimately, this brings in more institutional capital via Maple’s distribution network. - Sets the stage for future listings (a yield-bearing BTC asset 👀). --- Why is this Beneficial to Maple? For starters, I can't say for certain if this will pass or where it's currently at, but I've heard rumors that it's going through a risk assessment. If you ask me my opinion, I think this is a slam dunk to pass (seeing Llamarisk signaling early support in the governance forum): So what does that mean? You simply just need to look at what happened with Aavethena. Ethena's sUSDe has achieved $3.19B in circulation on Aave. If passed, I think syrupUSDC could add $1B and very possibly $2B to the syrupUSDC circulation (that might even be conservative). And I think it could happen very quickly - as in, within this quarter. I think the caps will be the only holdup and that their will be insatiable demand. Then you can imagine how much attention this drives to looping an asset that can attain 7% - 15% APY 👀 --- OK bringing this back to $SYRUP and why this matters? I've heard from reliable sources that $1B of syrupUSDC in circulation adds $15M ARR back to Maple. If they can get $2B in circulation on Aave, that's an extra $30M of ARR to add to their $15M - 20M they are already achieving. This would put them at $45M - $50M ARR. From talking to the team, they are lean and adding people no longer helps scale the business so overhead costs should stay low. Which means, they could be in a position sometime in Q3 to really accelerate token buybacks. One other piece of info. I have it on good authority that whenever you see parabolic hockey stick TVL growth like we're seeing, there's a 30 day to 40 day lag in revenue. Meaning, the TVL growth you see in July, won't be fully reflected in revenue numbers until August or even early September 👀 We're actually only seeing revenues right now from TVL growth in early June...

Maple, the product market fit case study.

What product market fit looks like (@maplefinance case study): - Maple TVL approaching $3B (5x increase in the last 4 months) - Loans outstanding recently surpassed $1B, with supply utilization remaining high (indicative of high loan demand) - ARR approaching $20MM and revenue growing just as face as TVL - $syrupUSDC stablecoin supply approaching $1B and becoming a blue chip yield bearing stablecoin at a market leading ~6.5% yield. Also integrated into Euler, Kamino, Pendle, and other leading DeFi protocols for even higher yields for those pursuing onchain looping and PT/YT strategies - New products on the way for yield bearing BTC - Continuous $SYRUP buybacks from protocol revenue returning value to token holders