09 May 2022
Lending markets are a core financial primitive with one of the highest adoption rates across DeFi today. The top 3 lending protocols, Aave, Compound, and MakerDAO currently have around $10B in outstanding loans. While loan volume is one lens through which to look at these lending protocols, another is to...
17 Feb 2022
Today, alongside my partners Brett and Yannis, we announced the launch of Cherry Crypto, a first check crypto fund. We wrote a post outlining our strategy and shared it on our new website here. We’ve been investing in crypto at Cherry Ventures since 2018, and are now formalizing our...
22 Oct 2021
Lending markets were one of the first decentralized finance (DeFi) primitives to show product-market fit and have consistently ranked amongst the applications with the most traction. A quick glance at total value locked (TVL) across DeFi protocols today reveals that 4 of the top 5 are lending protocols, holding over...
05 Sep 2021
One of the most impactful innovations of the 19th century was the creation of the Limited Liability Company (LLC). The LLC is a business structure which defines that investors can only lose as much money as they have committed. Prior to the establishment of the LLC, businesses had unlimited liability,...
16 Feb 2021
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb Ben Thompson wrote an interesting post recently on the topic of Substack, highlighting its opportunity and challenges. I highly recommend that you read it. Beyond being a good take on Substack, it makes the case,...