Everyone talks about crypto like its all still vaporware... But there are legit defi protocols operating RIGHT NOW at solid profit margins, and generating substantial revenue... Case in point: @maplefinance As per clip below from co-founder @syrupsid: $30M+ ARR currently... team's goal is $100M... Cashflow positive operating at solid net profit. Firmly believe that once the macro climate catches up with the shift in fundamentals across crypto (especially in defi) there are going to be a number of really solid on-chain businesses that start getting the esteem they deserve. Note: I own a ton of $SYRUP and work with the team so am including the new Nikita tag on this just to be safe :)
The above clip was taken from an interview Sid recently did with @11AMdotclub - which I had not heard of before but is excellent. Make sure to give them a follow and check it out in full!
11AM w/ Seed Club
11AM w/ Seed ClubMar 13, 02:35
FULL CONVERSATION with Sid Powell, Co-Founder & CEO of Maple – How oil driven liquidity could lift Bitcoin – The institutionalization of crypto credit – Custody unlocking larger scale borrowers – DeFi distribution as Maple’s growth edge – Protocol rev reshaping token debates
Another great pair of clips... On the value of token-buybacks vs reinvestment in crypto... (I agree wholeheartedly with Sid on this)
Also quick note... Deposits for $syrupUSDC and $syrupUSDT have now exceeded $2.5B! h/t the legend @talkintokens :)
A hearty Sunday salute to all my syrup-fueled gigabrethren 💪🍁🥞 @reisnertobias @glebshumakov @MartindRijke @Nomaticcap @DeFi_Dad @phtevenstrong @FIRED2035 @CryptoRick98 @DeFi_Perryy @crypto_linn @cletusEllijah @_0xdigitz01 @cryptopanda_01 @theonlywarith @Badmus2121 @Castanoartzz @GLC_Research @kenodnb
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