What’s going on with crypto startups?
1) Tokens are no longer seen as quick exit liquidity. Everything is memecoin.
2) VC funds pull back writing checks. L1 and web3 dev infra are no longer investable. Smaller TAM while AI captures everyone’s imagination.
3) No follow on rounds from VCs. No token buyers in a bear market. Shutdown or pivot to stablecoins, RWAs/DeFi or AI.
The best with revenue will be fine. But the crypto venture game has changed and 2025 & 2026 are the market reacting.
I bountied out a DeFi vault on Veda and @0xdoni nailed it and got $50. 🙌
The other submission was also really good and from an AI Agent. 🤖
RIP @gigbot.eth but software engineering tasks are likely a good fit for bounties now that the dev work and verification can be done via Agents. 🤣
$50 bounty for building a DeFi Vault
* Vibecoding encouraged
* Use a Veda vault below
* Deposit USDe and get your share of the vault’s USDe in return
* Manager is a list of multiple addresses that can do anything with the assets. No restrictions.
* Manager addresses are added/removed based on an external authority address
* Implement a 3 day withdraw queue
Respond with GitHub link and explanation of your solution.
I’ll choose the best response for $50 and will tip a some USDC to other pretty good responses.
Humans and 🦞s encouraged to submit!
https://docs.veda.tech/architecture-and-flow-of-funds/core-components
Artists no longer paint.
Writers no longer write.
Devs no longer write code.
Filmmakers no longer film.
Skill is commoditized, democratized.
Ideas, intent, and consistency matter more than ever.
Congrats to the Rainbow team for getting their token live!
They’ve let the way on wallet UX over the years. Love seeing the good guys win, no matter the broader market.
we shot for the web3 moon and came up short
we’ll have to settle for rewriting the global financial system on the Internet of Value
still quite an attractive TAM
Hal Finney describing stablecoins in 2010.
Notable Bitcoin backed here, inflation resistant, and a small spread between “cash” from different issuers just like we see with USDT and USDC oscillating slightly around $1.
Current crypto market:
* Crypto went through its IPO / supercycle and Bitcoin was the main beneficiary. High floor price now and roughly 10x upside to reach gold. Not bad.
* Bitcoin didn’t lift altcoins much this cycle bc there are too many tokens and not enough buyers. VCs/investors are recalibrating expectations. Lots of startups shutting down/acquihires/bleeding tokens.
* TAM is now Internet Capital Markets, not web3. Roughly “Fintech” TAM, not “Internet” TAM.
* Crypto is “just another asset class” now and frankly AI and the world order reorienting (precious metals) is more volatile and narrative defining atm.
We shot for the Moon and will have to settle for rewriting the global financial system.
