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Multicoin Capital

是一家理论驱动的加密基金，投资于重塑全球经济所有领域的代币和公司.

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Exploring the Opportunity for DeFi Interest Rate Markets

通過 Tushar Jain

October 06, 2021 | 12 minute read

Interest rates are a critical input in the construction and valuation of any financial asset. Every equation in finance has interest rates in it, either explicitly or implicitly. Mortgages, student loans, business loans, government borrowings, and even equities and commodities are impacted by interest rates.

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博客文章

Exploring the Opportunity for DeFi Interest Rate Markets

通過 Tushar Jain

October 6, 2021 | 12 minute read

Interest rates are a critical input in the construction and valuation of any financial asset. Every equation in finance has interest rates in it, either explicitly or implicitly. Mortgages, student loans, business loans, government borrowings, and even equities and commodities are impacted by interest rates.

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Welcoming Greg Xethalis to Multicoin Capital

通過 Multicoin Capital

September 30, 2021 | 3 minute read

We launched our hedge fund four years ago on October 1st, 2017 with a primary mission to accelerate the adoption of self-sovereign software. Since then, we have also launched two venture funds, a number of SPVs, and built out a global team of 14 people. Meanwhile, the crypto market has matured tremendously. When we first launched, there were no institutional custodians, no execution firms, almost no way to short. Most of the major exchanges didn’t even offer corporate accounts!

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Protocols Don’t Capture Value, DAOs Manage Risk

通過 Spencer Applebaum

September 16, 2021 | 8 minute read

This essay is a spiritual successor to On Value Capture at Layers 1 and 2. It also builds on some ideas from On Forking DeFi Protocols. In those essays, we explored potential value capture mechanisms for both Layer 1 (e.g. BTC, ETH, and SOL) and what we at the time called Layer 2 tokens. In retrospect, this was a misnomer; at the time we were referring to application layer tokens—e.g. MKR, UNI, and AAVE—as opposed to Layer 2s such as Starkware, Matter, Aztec, Optimism, and Arbitrum.

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MEV的通证化

通過 Tushar Jain

September 8, 2021 | 6 minute read

今天，我很高兴地宣布 Multicoin Capital 领投了对 Eden 网络 的 1740 万美元融资，Jump Capital、Alameda Research、Wintermute、GSR、Defiance Capital 和 Yearn.Finance 的创始人 Andre Cronje 也参与了此次融资。

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解决稳定币存在的三难困境

通過 Tushar Jain

September 2, 2021 | 7 minute read

今天，我很高兴地宣布 Multicoin Capital 领投了 UXD 协议的 300 万美元种子轮融资，其中参投方包括 Alameda Research、Defiance Capital、CMS Holdings、Solana Foundation、Mercurial Finance、Solana 创始人 Anatoly Yakovenko 和 Raj Gokal，以及 Saber 创始人 Dylan Macalinao。

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金融的未来在于实时数据报告

通過 Spencer Applebaum

August 12, 2021 | 7 minute read

编者按：本文由 Spencer Applebaum 和 Matt Shapiro 共同撰写。 今天，我们很高兴地宣布 Multicoin Capital 参与了 Dune Analytics 的 800 万美元 A 轮融资，此轮融资由老朋友 Union Square Ventures 领投。此外，Redpoint Ventures 和 Dragonfly Capital 也参与了本次投资。

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扩展区块链的读写能力

通過 Tushar Jain

July 30, 2021 | 10 minute read

编者按：本文由Tushar Jain和Kyle Samani共同撰写。 区块链是一个具有特殊的信任最小化属性的数据库。跟其他所有数据库一样，区块链也有以下两种操作：读取和写入。

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网络资金流

通過 Kyle Samani

July 13, 2021 | 7 minute read

DeFi 无疑是区块链最有效的应用。我们也花了很大一部分时间思考该方向，并且一直在向构建金融未来的优秀 DeFi 企业家学习。 但是大多数人想到区块链的时候，第一个念头是「价值转移」。原因是什么呢？因为这个概念更容易理解。在赛道中，Superfluid 是我们刚刚投资的一个新协议，代表自比特币出现以来价值转移的最大进步。

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技术可扩展性如何创造社会可扩展性

通過 Kyle Samani

May 25, 2021 | 16 minute read

本文假设读者熟悉 Nick Szabo 的《社交网络的可扩展性》、Vitalik Buterin 的《弱主观性》以及 Haseeb Qureshi 的《为什么去中心化并没有你想象中那么重要》等几篇文章。

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宣布第二期风投基金

通過 Multicoin Capital

May 4, 2021 | 8 minute read

在第一期风投基金获得巨大成功的基础上，今天我们自豪地宣布 Multicoin Capital 已经募集了一个新的、规模 1 亿美元的风投基金，用来支持在加密行业创建公司（股权）和协议（代币）的创业者。我们已经使用该框架来指导投资好几个月了。