Emperor Osmo 🐂 🎯

The Venice raise is being framed as one of the cleanest dual-structure deals in crypto, but I think it proves the opposite. Equity gets 8.98% of the company, a $VVV grant, and an 8-year at-the-money warrant struck at spot. Token holders get a $3M annual buyback budget against a ~$1B FDV, which comes out to roughly 0.3% annualized and can be changed whenever the company decides. We have seen this play out before with Axelar, Vertex, Padre, Iron Fish, and Block one/EOS. Equity keeps the upside

Jul 2

This is very interesting, now the game is embedded into the agentic economy via $VVV and $DIEM Top 5 in fees on @base btw with $1.5m in fees generated this past week.

May 26

@The5thForce0_0 @tryvenice I haven’t tried it 🙂‍↔️

Jun 24, 2024