Composability Squared: The Acala Thesis
Arrington XRP Capital Blog
by Ninor Mansor
2y ago
Acala is a layer one blockchain customized for DeFi, deployed as a Parachain on the Polkadot network. It is the first blockchain to reimagine the entire DeFi stack with a natively multi-chain environment. The project secured the first Parachain slot in December 2021, with the community contributing over 32 million DOT tokens, then equivalent to ~$1.3b USD.  We met the team in early 2020. One thing that stands out is how consistently they have been ahead of their time. Ethereum DeFi exploded in 2020. It evolved into the L1 wars in 2021. In both cases, DeFi was reactionary. Whether it was ..read more
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The Moonbeam Strategy: Four Lessons In Lean Execution
Arrington XRP Capital Blog
by Ninos Mansor
2y ago
Moonbeam is the first Parachain on Polkadot to offer a fully EVM compatible platform for smart contracts. It is going live today and it is not going live in stealth. The launch is unique and worth studying — it doesn’t resemble anything we have seen from a “new L1”, despite being born in the L1 epoch of 2020-21.  Somehow, Moonbeam skipped the queue. The genesis ecosystem resembles mature peers who have spent years fighting for mindshare. They ducked out of the skirmish for zero-sum traction and built an arguably insurmountable ecosystem before the product went live. This is how Moonbeam ..read more
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Dawn Of Algorand DeFi: AlgoFi
Arrington XRP Capital Blog
by Ninos Mansor
2y ago
Last month, we announced our investment into AlgoFi alongside USV and Pillar. The team has been moving at lightning speed. They launched AlgoFi — a capital markets suite including Algorand’s first money market and algorithmic stablecoin — on December 17th. Today they announced a $3M liquidity mining program alongside the Algorand Foundation. In just a few weeks over the holiday period — with no rewards — AlgoFi has grown to just under $30M TVL.  The protocol began with a guarded launch. Liquidity caps were quickly reached. Heading into the new year, the team is now preparing to lift the ..read more
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DeFi’s Global Account: Announcing Our Investment Into C3
Arrington XRP Capital Blog
by Ninos Mansor
2y ago
We are excited to announce our investment into C3 Protocol, what we believe to be one of the most exciting projects emerging out of the Algorand ecosystem. We led the round alongside Jump Capital, with other excellent investors participating across ParaFi, Mechanism, GoldenTree, Cumberland, DCG, Blockchain.com, Node and Borderless Capital. The team behind C3 have proven themselves a powerhouse for development on Algorand. At Rand Labs, they built a 40+ person team with unique Algorand-based expertise, ultimately producing some of the most widely used products in the ecosystem: MyAlgo and the ..read more
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Algorand’s Upcoming Ballot Box: Why We Are Voting for Option A
Arrington XRP Capital Blog
by Ninos Mansor
2y ago
We have decided to vote for Option A in Governance Period 1, Algorand’s first and ongoing governance vote. Voting will conclude on November 14. We thought it might be useful to publish why we are voting this way and hope to contribute to what is already an extremely vibrant community discussion.  Governance Period 1: What Is At Stake? Starting in October this year, Algorand began transitioning toward decentralized governance. To participate in voting decisions, Governors lock up their ALGO for three month windows and then vote on proposed changes. They earn rewards by participating in go ..read more
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Announcing The Arrington Anchor Yield Fund
Arrington XRP Capital Blog
by Michael Arrington
2y ago
We have been strong supporters of Terra/Luna since 2018. We’ve watched the product grow and multiply, and today the ecosystem includes a synthetic asset platform called Mirror, the borrow lend protocol Anchor, and a flourishing ecosystem of nascent products and primitives. The Anchor Protocol is designed to offer savers a fixed income yield initially targeted at 20%. Anchor generates yield from staking returns from multiple proof of stake blockchains that borrowers use to collateralize their loans. We have participated in many aspects of the Anchor ecosystem — as investors in the initial toke ..read more
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Into The World Of SIPHΞRIA‌: Announcing Our Investment Into SIPHΞR
Arrington XRP Capital Blog
by Ninor Mansor
2y ago
We are proud to announce our investment into SIPHΞR, a play-to-earn (P2E) game establishing the lore of SIPHΞRIA‌, a new crypto-native metaverse. Partnering with Hashed & Konvoy Ventures, we’re excited to co-lead the $6.8M seed round. The rapid growth of the SIPHΞR community is a sight to behold, which will only expand as the launch draws near, with an initial release expected in the first half of 2022. Today, we are witnessing the transition to expressive digital landscapes: metaverses that users enter to socialize, play, work and create. This trend is only accelerating, as macro drivers ..read more
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Life After Taproot: The Coming Age Of Narratives For Bitcoin Innovation & Governance
Arrington XRP Capital Blog
by Ninos Mansor
2y ago
Taproot is the first change to Bitcoin since 2017. It will introduce Schnorr signatures, Merkelized Alternative Script Trees (MAST) and a reformed scripting language known as Tapscript. Collectively, these upgrades will make the Bitcoin codebase simpler and unlock a number of new capabilities. Taproot enables key aggregation: complex multi-sig transactions will now look like uni-sig transactions on-chain. Bitcoin thus becomes “more private”, obscuring complex transaction types from blockchain sleuths. In addition, Taproot makes Bitcoin more efficient by unlocking batch verification: nodes mor ..read more
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Arrington Capital Hosts Polkadot In Miami
Arrington XRP Capital Blog
by Ninor Mansor
2y ago
Yesterday the core Web3 Foundation and Polkadot teams visited Miami – including founder Gavin Wood. We were honored to host an event for them and the Miami crypto community. Approximately 50 people attended the event.  The event happened to coincide with the release of our most recent research report on the Polkadot ecosystem. You can read that report here, titled “The League Of Parachains: Polkadot”. We are early investors in DOT and ecosystem projects and look forward to increasing our attention to new startups and protocols on Polkadot. We believe that investing in the Polkadot ecosyst ..read more
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The League Of Parachains: Polkadot
Arrington XRP Capital Blog
by Ninos Mansor
2y ago
Polkadot has a novel answer to the multi-chain problem analogous to coexistence between nation states within the international community. Each nation pursues its own destiny and vision for the future, yet these disparate cultures come together to form alliances, engage in trade and live in a world of diplomacy rather than warfare. This is the idea behind the Relay Chain, Polkadot’s “Layer Zero” (L0). Developers build custom blockchains that meet the needs of particular applications and users (“the Parachains”), but these chains cooperate under one banner of shared security. They each focus on ..read more
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