Suggestions
Marco Calicchia
Senior AE @ nReach | Founder @ MaZee Ventures | Investor & Growth Advisor for Web3 & DeFI
Meet Marco Calicchia, a seasoned entrepreneur, and crypto enthusiast. With years of experience in business development, community management, and growth advising in the crypto space, Calicchia is a reputable figure in the industry. He is currently the founder of MaZee Ventures, a leading community management agency, and a managing partner at Dragonlabz. Calicchia's entrepreneurial prowess and understanding of the blockchain ecosystem have seen him work with top crypto VCs and advisors, launching tokens into the market.
Calicchia joined CertiK as the Business Development Director in December 2020 and led the sales team to secure 100 deals per month, 100xing the sale in six months. CertiK, a blockchain and smart-contract verification platform, is currently valued at $2B. Calicchia studied Business Administration, Marketing at American University in Bulgaria, and has held various positions in international companies like Samsung Electronics and Sony Professional Solutions Europe.
Highlights
Is DeFi part of your investment strategy? With almost $100B in Total Value Locked (TVL), we are closing in on the ATH of $170B
Retail investors are a major portion of this growth, however with MiCa and DeFi projects looking to adopt compliance and security to help bring institutional funds into their product, the ATH is closer than we think.
DeFi has been a strong narrative due to their attractive APYs, and liquid restaking is just one of the latest product to create a new FOMO, as points are now used to attract investors for future airdrops
Should you make it part of your strategy? Personally, I’ve been a fan of yield farming as it gives utility to tokens, and High Frequency Traders are seeing strong returns across their stablecoins
As a security products get more sophisticated to spot hacks, help comply with AML and offer ways to protect both investors and projects, DeFi has a lot of room to grow in more areas, where we could see real world assets offered as a yield product
DeFi ‘points’ farming has reshaped the crypto investment landscape - Blockworks
DeFi projects that award points to users who complete certain tasks — such as trading or locking up one’s tokens — have found a new way to attract and influence users.
EigenLayer currently rewards users with points for restaking their ether, and several LRT protocols have points systems for users of the tokens.
Blur, the largest NFT marketplace by trade volume, is often cited as the first crypto project to successfully introduce a points system when it debuted in October 2022.
Since then, point systems have been introduced or announced by Rainbow wallet, Eigen Layer, Ethena Labs, MarginFi, Pendle, just to name a few.
Most people understand that points suggest the protocol in question is considering an airdrop, a distribution of free, newly minted tokens. Airdrops are intended to reward longtime users and can be worth tens, or even hundreds of thousands of dollars for some. But in-fact points are now found to be a valuable asset in their own way.
Points are trading in anticipation of future airdrops. Roughly $2.7 million-worth of EigenLayer points have changed hands on the website Whales Market for an average price of around $0.18. A Messari researcher tried his hand at finding an estimate and guessed LRT points to be worth roughly $0.14 apiece.
But points do have some underlying concerns: Users pay for points, which have no time of distribution, and value is opaque Users are teased for months about an airdrop.
However, this could be the turning point for large funds who were waiting on the sideline to hop back into DeFi!
"Coral is accumulating points on EigenLayer and a number of other DeFi protocols", Mayeux said.
Laurent Bourquin from MEV Capital gave the upshot of a hypothetical conversation with a client about points farming:
Client: “‘Do we make more money? Yes, no?’ Mr. Bourquin: 'Yes.’ Client: "Boom then it’s good.”
Source: https://lnkd.in/eYmNcwUA
#DeFi #Points #EigenLayer #Restaking #DeFiFunds #cryptocurrency
