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Dragonfly ＞|＜
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Global since day one
Posts are not investment advice or an ad for investment services
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Posts are not investment advice or an ad for investment services
→dragonfly.com/legal/disclosu…
→dragonfly.com/#portfolio
221 Following 1.5M Followers 1.4K Posts
Latest posts 5
.@tomhschmidt on why this cycle feels boring, and why that’s a real sign.
“When we look at holder charts, issuance charts, transaction volume charts, for stablecoins, it just continues to go up and to the right. And I think a lot of companies now realize… this is a better way of doing this thing that we previously wanted to do…
This is a much more boring cycle… where the adoption is very real, but it’s happening from traditional financial institutions, investment banks, fintechs.”
“When we look at holder charts, issuance charts, transaction volume charts, for stablecoins, it just continues to go up and to the right. And I think a lot of companies now realize… this is a better way of doing this thing that we previously wanted to do…
This is a much more boring cycle… where the adoption is very real, but it’s happening from traditional financial institutions, investment banks, fintechs.”
1:28
We are excited to announce @HadickM and @tomhschmidt have been promoted to Managing Partners, joining @hosseeb and Bo in leading Dragonfly.
The promotions recognize the role both have played in shaping Dragonfly into the firm it is today, and mark the firm’s move to a broader partnership. As co-leaders, Rob and Tom will help carry forward what Dragonfly has always done: backing the founders building the future of money and markets.
The promotions recognize the role both have played in shaping Dragonfly into the firm it is today, and mark the firm’s move to a broader partnership. As co-leaders, Rob and Tom will help carry forward what Dragonfly has always done: backing the founders building the future of money and markets.
Our comment letter to the CFTC on compute derivatives contracts:
“The governing approach should be technology-neutral and risk-based”
Full letter: regulations.gov/comment/CFTC-2…
“The governing approach should be technology-neutral and risk-based”
Full letter: regulations.gov/comment/CFTC-2…
This week, @dragonfly filed a comment letter with the CFTC on compute derivatives. Compute is a swiftly growing expense for tech companies, yet the market for hedging its cost is still nascent.View quoted post on X
The challenge starts with defining what’s being traded. Not all GPU-hours are equal: hardware, performance, and availability can materially affect their value. Liquid derivatives markets need comparable units of compute and reliable price benchmarks.
@HadickM @bryanmedelman @peteryshin and I advocate for technology-neutral standards, equal treatment of credible pricing sources, and support for perpetual futures to hedge ongoing compute costs.
We applaud @CFTC for taking on these important questions and laying the groundwork for a liquid, competitive compute derivatives market.
.@HadickM on @MTSlive re: agents + money:
“When you’re built on top of Plaid, you have a bunch of failures, failure rates at 2% or so for ACH. And there’s a lot of capital inefficiency in it as well.”
“If you ask your LLM what bank should you use that is agent friendly, they’ll tell you Mercury. They won’t tell you JPMorgan.”
“A financial institution that controls those different accounts and is able to monetize those different accounts, that is AI first and agent first, that is where you’re likely to see a lot of this happen.”
“The concern is the surplus will continue to shift from banks to fintechs.”
“When you’re built on top of Plaid, you have a bunch of failures, failure rates at 2% or so for ACH. And there’s a lot of capital inefficiency in it as well.”
“If you ask your LLM what bank should you use that is agent friendly, they’ll tell you Mercury. They won’t tell you JPMorgan.”
“A financial institution that controls those different accounts and is able to monetize those different accounts, that is AI first and agent first, that is where you’re likely to see a lot of this happen.”
“The concern is the surplus will continue to shift from banks to fintechs.”
1:41