My latest Speakeasy interview is out!
Discussing the state of web3 with @sid_nirvana_fi from @nirvana_fi
We dive into it:
- How the OG cypherpunk movement has changed
- How to redefine permissionless finance as a set of pure functions
- the narrative arc of crypto
Check it
Hard to know where the bottom is in crypto
Unless you hold $ANA
Market: $3.967 | Floor: $3.682
Redeem at the floor 24/7, 7.18% below market
The AVM backs the full supply
That floor is your credit line
Up to 92.82% LTV, interest free, non-liquidatable, obligation-free credit
Mayflower is an open platform for assets with protocol-enforced floors.
The core is the Assured Value Machine (AVM): a market engine where pricing, reserves, and redemption run on code.
One protocol. Three layers: AVM, MayflowerOS, Mayflower Reserve.
Nirvana is becoming Mayflower because the work outgrew one protocol name.
Same core idea. Bigger vessel.
Floor-backed assets. AVM markets.
Governance. Revenue flows. Platform tools.
$ANA remains live through the transition, and will re-emerge with a new ticker
Every other DEX in this ranking is winning by adding speculation.
@risedotrich is winning by structurally removing downside.
Risk = 0 at the floor. Upside unbounded. RR is undefined in the good way.
Rise's floor mechanics run on @nirvana_fi's permissionless AVM.
Lukas is joining the team.
Full-stack across fintech and DeFi, smart contracts, validator infrastructure. Exactly the range we need.
Welcome aboard @lukasisdeco!
Joining @nirvana_fi today.
I came into blockchain a few years ago with optimism and ideals. Time to act on them.
Crypto's biggest wins right now look more like casinos than the censorship-resistant, permissionless finance most of us came here for.
Mayflower is building the
Most people think @Pumpfun and @risedotrich are the same thing because they both have bonding curves.
They aren't.
pump.fun:
- Curve bolted onto a virtual reserve
- Graduates to AMM
- No floor
rise.rich:
- Curve IS the reserve
- No graduation
-
1/
Onchain finance is open in name, unusable in practice.
DeFi has existed for a decade and all it has resulted in is an open financial system that no one with real fiduciary duty can actually use.
There are three main problems:
Over the past month, the AVM settled 600K+ transactions and 200M+ volume on its permissionless layer.
No operator. No discretion. No downtime.
This is what pure functional finance looks like.
Huge milestone for the @risedotrich team. Unreal numbers for any market conditions.
Once you try rise.rich you'll never go back to @Pumpfun.
Get rich or get rugged. The choice is easy.