Chris Sirise
@chris_siris
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boring stablecoin arc. previously built @pixelmon @saisoncapital
Joined May 2009
@StaniKulechov On chain lending is cheaper mostly because it is overcollateralised and unlicensed. If we are made to change those 2 components we would see costs go up very quickly. We would have to change both of those at some point if we want to see the industry grow. We would still have
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Much better than btc collateral. At least I can eat it
This $200M bank is backed by Parmesan Cheese and is lending people money for cheese In Northern Italy, Credito Emiliano treats cheese like gold The bank currently holds 430,000 wheels of Parmesan worth about $200 million Real Parmesan takes two to three years to get ready
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So this is what they meant when they said crypto will become mass market
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Any convo about web2 neobanks centre around customer acquisiton costs (CAC). Web2 fintech already taught us the lesson: customer acquisition only works if you can upsell multiple products on a low cost of capital balance sheet. Single-product wallets are not banks (yet). Until
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High yield in DeFi usually means "lend me money at a lower rate than you would with fiat" Markets are honest. Marketing is not.
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Credit card interest rates are high because the CAC for a good credit card customer is very high once you factor in all forms of indirect costs on top of the direct sales costs. Losses taken from defaulting customers, having to do merchant acquisition which in many banks is a
Credit card rates are insanely high for consumers, but capping the rate isn't the solution. The real problem: the market for these loans is widely uncompetitive and proprietary. We should strive to build a more open market for trust/loans. Once any lender can compete, customers
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Good piece. The social contract is broken. Millennials were the last generation where hard work = success
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All this talk about crypto neobanks brings me back to 2017 era. There are many “neobanks” back then too. I remember @tenxwallet. Anyone else remembers the others?
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Congrats @0xSehaj and the @avantisfi team!
Yesterday $AVNT @avantisfi smashed all records a 2025 TGE: - 4 simultaneous exchange listings less than an hour apart, from leading exchanges like @upbitglobal, @binance, @BithumbOfficial and @cryptocom. We're grateful to all our new partners for their support. - Hitting $2.2B+
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Tfw your size is not size
would anyone be interested in buying 9 figures worth of pokemon cards. serious proposal.
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Congratulations to @LucaProsperi and team! Win after win.
We are thrilled to announce M0’s $40M series B round from @polychain, @RibbitCap and @endeavor_global’s Catalyst Fund. M0 is building the universal stablecoin platform.
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Crypto doesn’t need more infra. It needs non-speculative products.
This will become more common. A lot of dead ecosystems and infra when history has shown us the largest ecosystems are birthed from best in class content or products. For gaming: - Counter Strike & Half Life led to Steam - Unreal Tournament & now Fortnite = Unreal Engine. It
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Just Pulled🔴 / Erika’s Invitation #206 – Special Art Rare 🌸 Here are some facts about the card: 1. Erika’s Invitation was one of the top chase cards of 2021, fetching prices over $800 for a PSA 10 at launch. 2. It is popular due to its traditional Japanese aesthetic and
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Professional me: I should repost the @avax tweet on @wardensascent and say something nice about them. Me: This is too cute. I'll repost this instead.
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Another great team building on the @m0foundation stack. Hats off to @LucaProsperi and team for building an amazing product
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Happy Easter! He is Risen! “Be joyful in hope, patient in affliction, faithful in prayer.” - Romans 12:12
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