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.
Richard Galvin
Richard Galvin11.7. klo 13.45
@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! 💪
While competitors collapsed in 2022, one crypto lender took a different path. My latest conversation is with @syrupsid from @maplefinance and it shows how disciplined underwriting created extraordinary outcomes. From near-zero to $2.9B AUM: Avoided Alameda & 3AC disasters Pivoted to over-collateralized lending Now capturing Bitcoin financialization trend $10B+ loan book target in 24 months The thesis: As Bitcoin moves from tech holders to institutional balance sheets, demand for yield products that traditional lenders can't serve creates massive opportunity.
17,37K