Last week we went through MakerDAO’s revenue and expense numbers. At 18.3 P/E, it is currently valued at a lower P/E multiple than every FAANG company. You can join the Insiders Club to get your hands on a complete analysis here . What about its future earnings potential? Good question. In this week’s newsletter, we will unpack MakerDAO founder Rune Christenson’s controversial “ Endgame ” plan that aims to scale the market cap of DAI, Maker's stablecoin, from the current $4bi

Part 1: $56 billions Who are the Facebook, Apple, Amazon, Netflix and Google of crypto? Crypto is (in)famous for its rollercoaster image to the masses. But what if we can find projects that: generate revenue and earnings hold clear market leadership have clear advantages over competitors This would put crypto projects in the same valuation framework that the Wall Street uses for the FAANG stocks of Nasdaq. I wrote about the 5 FAANG names spanning across 5 different crypto ver

Ethereum's successful Shapella upgrade last week has ushered in the first crypto native risk-free rate to the world - the Ethereum staking yield. If you want to get to know more about how we arrived here you can read my previous research piece here .

Real world asset tokenization has been a hot topic in both crypto and traditional finance circles lately. From the SEB and Credit Agricole’s recent green bond tokenization effort to the issuance of US dollar backed stablecoin by BTG Pactual , Latam’s biggest investment bank, more and more traditional financial institutions are bringing assets onchain for easier distribution, tracking and trading. Of course these financial institutions can rely on their existing clients to so

6 years ago someone told me about a curious idea: putting invoice factoring on blockchain. At that time, I understood neither what a blockchain was nor what invoice factoring was. Luckily for me, at the time, both the blockchain technology and the legal framework were not established enough for the idea to be implemented. Yet little did I know this idea would be my crypto red pill moment and my light bulb conviction moment years later. Loan Stats Fast forward to Dec 2022, Map