whats the best crypto fund raise model that you have seen working well in practice? and why?
ICO was great, but very little investor protection (eg. projects just run away with the fund)
DAICO was supposed to solve it, but too much operation overhead (dao voting is troublesome)
Loi Luu
1,487 posts
- How Wrapped Bitcoin (WBTC) Happened and Its Purpose Back in 2018, a few months after we launched Kyber on Ethereum's mainnet, the decentralized finance (DeFi) space was still in its early days. There weren’t many high-liquidity altcoins on Ethereum, and the entire decentralizedI’ll be hosting a space tomorrow at 8pm PST/ 11am SGT with @mikebelshe (bitgo) and @justinsuntron (bitglobal) to discuss the upcoming changes to WBTC. x.com/i/spaces/1ZkJz… Over the past few years, WBTC has become a crucially important part of the defi ecosystem, deeply
- Users are paying only 25 cents for a trade on @KyberNetwork for the gas fees (and thats all they have to pay), regardless of the trade value
- 1/4 After stepping down from my CEO role at @KyberNetwork in 2022, I spent years exploring new paths. Now, I'm excited to share that It's time to get back in the trenches. I'm diving back into building more in-house crypto products and protocols at @CaliberBuild.
- I listened to the debate between Solana and Ethereum today, and I still don’t get why some are bearish on Ethereum. It remains the most decentralized and well-developed smart contract platform in the world. The reality is that 4 out of 5 founders have left, and only Vitalik is
- Time for the market to stop overfunding projects chasing narratives instead of solving real problems or building long term sustainable revenue. We overinvested in decentralized computing chasing the “next Google/Uber” since 2017. Now we’re repeating it with AI agents, restaking,
- Hosted a small Vietnamese founder gathering at Token2049, and might it a tradition for next years. This year we had founders from SkyMavis, Pendle, Coin98/ Viction, Rise, Holdstation, Amnis Finance, FlowX, Optimex, Harmonix Finance & Kyber.Thanks @loi_luu for hosting the Vietnamese founders event. A very inspiring group of folks from 🇻🇳's top web3 companies.
- Truly honored to receive the CCS Test of Time Award for our paper “Demystifying Incentives in the Consensus Computer” (CCS 2015), one of my first academic research into Ethereum and how incentives shape consensus in public blockchains. Back then, we challenged a foundational
- Congrats @VitalikButerin, @karl_dot_tech and the team on the launch of Casper alpha testnet. A great start for 2018! unitimes.media/news/2821/?fro…
- I got my CS PhD degree yesterday. It was a great journey with many challenges, both physically and mentally, and as many fruitful results. Many people have asked if it is worth doing a PhD? Definitely Yes!
- Another great news! The hacker behind the KyberSwap attack, has been charged! You can’t just hack defi and run away from justice! Thanks everyone who worked tirelessly to make this happen. Huge congrats to @tranvictor & Kyber teamWas a stressful year for @tranvictor & the team, but i'm glad that Kyber has full-filled the grant to support the impacted users! Building a DeFi protocol is tough enough, successfully reviving one that got hacked $57m & covering the loss by protocol treasury is another level!
- I just published “PeaceRelay: Connecting the many Ethereum Blockchains”
- We are looking for new founders to build with us at @CaliberBuild ! We are very founder focused & friendly. We spend time to understand the background, strength and interest of founders, brainstorm many ideas before committing on working together. No string attached otherwise.
- I’m still surprised that people are still debating on a winning cryptocurrency/blockchain. It should be quite settled that Bitcoin is for digital gold, and Ethereum is a smart contract platform. Calling Bitcoin the winning cryptocurrency is like calling email the wining internetToday's Unchained: @jimmysong explains why he believes Bitcoin will be the winning cryptocurrency and why private blockchains and smart contracts will never work. PLUS: He lays out the terms he proposes for his bet with @ethereumJoseph. Joe, your move! itunes.apple.com/us/podcast/jim…













