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SOL $127.11 -0.00%
TRX $0.2968 -3.87%
DOGE $0.1244 +0.15%
ADA $0.3593 +0.02%
BCH $592.49 -0.18%
LINK $12.22 +0.17%
HYPE $23.29 +9.58%
AAVE $157.38 +0.25%
SUI $1.49 -0.10%
XLM $0.2110 +0.54%
ZEC $373.15 +4.74%

apt

Viewpoint: Tokens should capture on-chain value, while equity should capture off-chain value

The Chief Legal Officer of the cryptocurrency venture capital firm Variant Fund, Jake Chervinsky, stated on social media, "The debate about tokens versus equity is just beginning. Many crypto projects were born during the era of former SEC Chairman Gary Gensler, when strong regulatory pressure forced development companies to direct almost all value towards equity rather than tokens. Now, the policy environment is changing, and new opportunities are emerging. It will take a lot of time and experimentation to figure out how (or if) tokens and equity can work well together. This experimental phase is starting right now.I don't have a specific stance on Aave's situation, but I want to emphasize one point: clarity is always the most important. Token holders must clearly understand what they actually own, what they can control, and what they cannot control. The design space for value capture in tokens is extremely broad, far exceeding that of traditional equity.I believe that for a considerable time, it will be unlikely to form a standardized token model like stocks. We believe that tokens should carry on-chain value, while equity should carry off-chain value. The core innovation unlocked by tokens is self-sovereign ownership of digital property. Tokens allow holders to directly own and control on-chain infrastructure without relying on off-chain intermediaries.Off-chain value, however, is different. Token holders cannot directly own or control off-chain income or assets, so in most cases, this value should belong to equity rather than tokens. Of course, other models may also work. Some projects may choose a single asset model with no equity at all; others may decide to treat their tokens as tokenized securities and apply the new rules that the SEC will establish for this market in the future."

Aptos yield infrastructure Goblin Finance completes $1 million strategic financing, led by OKX Ventures and others

According to official news, Aptos revenue infrastructure Goblin Finance announced the completion of a $1 million strategic financing round, led by OKX Ventures, Gate Ventures, and BlockBooster, with participation from Aptos Foundation and ecosystem partner Hyperion. Avery Ching, co-founder and CEO of Aptos Labs, participated in the investment in a personal capacity.It is reported that Goblin Finance is committed to building Aptos's native enhanced yield infrastructure through a multi-strategy Yield Hub and yield-enhanced LSTs. Over the past two months, Goblin Finance's platform TVL has achieved a fivefold increase, with the current TVL reaching $13.73 million, and it attracted over $3 million in funding during the core treasury subscription event in September. The platform has integrated several core protocols, including Hyperion, with more than 10 active strategies covering mainstream trading pools such as USDT-USDC, APT-USDC, and USDC-USD1.Goblin Finance stated that this round of financing will be used to continuously improve Aptos's yield infrastructure, expand a diversified CeDeFi strategy suite, and accelerate the launch of goAPT and ecosystem integration, promoting the formation of a native LST yield closed loop in the Aptos ecosystem and building a professional-grade yield network that spans on-chain and cross-market.
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