Two major league investors and the founder of a game-changing crypto ecosystem, Do Kwon, Michael Arrington, and Jose Macedo, joined Ran on his weekly special edition to assess blockchain ecosystems that will succeed in the long term.
Bitcoin and Alt Season
Do Kwon, the founder of the Terra Luna blockchain network, says the feeling now is different than it was in 2017 because adoption has arrived and there are true use cases across the whole crypto ecosystem, which is developing at an exponential rate.
According to Jose Macedo, the Bitcoin vs. Altcoin debate is flawed and misleading because these alternative coins do not compete with Bitcoin because they have their own use cases and are growing in popularity over time.
Thriving Ecosystems for the long term
Michael says his Arrington capital is in a number of ecosystems, including Polkadot and Algorand, because the network claims to be both fast and decentralized, and the math backs it up. He expects that over time, they will gain a share of the Solana and Ethereum markets.
Before starting their consultancy arm, Jose says his venture capital and research firm, Delphi Labs, started out as a research firm releasing studies on cryptocurrency projects like Synthetix (SNX) and Thorchain (RUNE).
Labs Token Research, their consulting arm, assists projects in developing their economic models. They created the Axie Infinity (AXS) token, led their seed round, and created the Yield Guild token (YGG).
They are actively investing in and developing in ecosystems like AAVE, Solana, and LUNA, and manage roughly $1 billion in assets.
Why is the LUNA ecosystem thriving?
According to Do Kwon, the developing team focused their resources in the initial iteration on creating a regulated, licensed, and centralized payment system that competes in an established market.
In the long term, the organization changed to creating a DeFi DAO, which focuses on establishing a community and contributing to the industry in the best possible way while being transparent, rather than the former.
Jose adds his company is looking forward to the launch of Astroport (ASTRO) on the LUNA blockchain, which is expected to be an improvement compared to TerraSwap’s service significantly.
Mars Protocol is also debuting soon, with services that will not be based on a user’s history, but rather on the purpose of the loan and accessible liquidity to be utilized as collateral in smart contract lending.
Delphi Labs is also involved in the Levana protocol and the Perpetual protocol, both of which will be deployed on LUNA. The networks will offer leverage and perp services to the customers roughly seven times larger than the spot market.
The panelists unanimously agree that the SEC’s attack on centralized stablecoins like USDT and USDC will compel true decentralization, with Terra LUNA UST benefiting the most.
This episode premiered on November 4th, 2021.