CMO @solomon_labs | Investing @monkeventures | Prev. @MagicEden, @MultiChain, @Merck | Opinions my own
United States of America
Joined October 2015
- Tweets16.6K
- Following2.9K
- Followers10.7K
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Pinned Tweet
I’m VERY excited to announce I’m joining @solomon_labs as CMO!
There have been a few clear winners going into the next cycle: RWAs, perps, stablecoins.
There is one jarring problem with stables today: holders put up all the risk, issuers get all the upside. More than $10 BILLION of it annually.
Every stablecoin is effectively a loan. The holder is the lender. The issuer keeps the interest.
If you want any upside, it means staking, wrapping, trusting 5 smart contracts.
Solomon’s stablecoin $USDv, soon to launch publicly, flips this on its head: a single user opt-in means earning by default… indefinitely.
Using any other stable is leaving money on the table, and you don’t need to change how you behave onchain.
Earn:
• In your wallet
• In an LP
• In a lending market
• As idle liquidity
The big picture with Solomon is more than just USDv. USDv is a showcase of an engine that can power any asset and allow users to route their rewards.
In a future state, this COULD look like:
• Hold a tokenized stock in wallet 1
• Receive a dividend to wallet 2
• Choose to receive the dividend in $ANSEM, $CARDS, $SOL or any other currency
Excited to be building this future on @solana as part of the @MetaDAOProject ecosystem. The $SOLO token represents ownership onchain in this journey, which means no token games or gimmicks. A real breath of fresh air for me.
A big thanks to @oxranga and team for the opportunity.
If you made it this far, be sure to give @solomon_labs a follow!
Papi retweeted
WHAT IS @solomon_labs?
Solomon Labs breaks down what they’re actually building. Not just another stablecoin. The infrastructure for programmable monetary policy onchain.
BEHIND THE CURTAIN EP5: @solomon_labs xitter.cf/i/broadcasts/1qJVmyYWr…
Papi retweeted
Solomon CMO @PapiChuloGrim says one failed mint is the reason he’s on Solana today.
Back in 2021 he was trading on ETH on the side while working full time at Merck. He tried to mint a Sneaky Vampire Syndicate NFT. The mint failed and still charged him around $90 in gas.
His thought was simple. If we want this space to grow, that experience isn’t going to do it.
So he moved to Solana. Before Solomon, he was CMO at Multi-Chain Advisors and led marketing at Magic Eden.
Video Courtesy: @digiii
Papi retweeted
We went BEHIND THE CURTAIN with @solomon_labs today
1. What Solomon is and why people should care
2. Why Solana still lacks a dominant stablecoin issuer - and how Solomon changes that
3. What sets $USDv apart and why it should become the default
4. $SOLO as the only ownership/governance coin - MetaDAO raise, no other equity
5. Current AUM, growth trajectory, and 2027 targets
6. The real product: infrastructure behind the stablecoin (future of the suite)
7. Partnerships (Raydium, Onre, Oro, Ore, MetaDAO)
8. 2027 outlook and what he’s most excited about
BEHIND THE CURTAIN EP5: @solomon_labs xitter.cf/i/broadcasts/1qJVmyYWr…
Papi retweeted
Solomon CMO @PapiChuloGrim is going live with @digiii to talk all things productive assets.
BEHIND THE CURTAIN EP5: @solomon_labs xitter.cf/i/broadcasts/1qJVmyYWr…
Papi retweeted
Dollars at work. Earnings delivered.
The second USDv distribution is complete. Dollars in wallets, treasuries and liquidity pools earned without changing how you use them.
No staking. No wrapping. No lockups.
Every onchain dollar should work this way.
Deploying liquidity paired with $USDv is an unlock, a new layer of financial productivity.
Your liquidity can earn more than trading fees.
With $USDv, the stable side of your LP position earns ~3.5% annualized while providing liquidity, on top of the trading fees you already collect.
Opt in once. No staking, wrapping or lockups.
Papi retweeted
Your liquidity can earn more than trading fees.
With $USDv, the stable side of your LP position earns ~3.5% annualized while providing liquidity, on top of the trading fees you already collect.
Opt in once. No staking, wrapping or lockups.
Papi retweeted
BEHIND THE CURTAIN EP5: @solomon_labs
- The $USDV launch
- The engine making it all possible
- Big partnerships
- $8.5 million AUM
- solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta ownership coin
- and more…
Thursday.
Papi retweeted
SOLO/USDv is live on @Raydium.
Liquidity providers can now earn trading fees plus USDv rewards on the dollar side of the pool. The same capital, earning in two ways.
A productive dollar, now paired with our own token.
Papi retweeted
Solana moves fast. Keeping up shouldn't take hours.
Tired of jumping between X, news sites and dashboards?
Solana Pulse is a free daily briefing covering the news, markets, DeFi and opportunities that actually matter.
Subscribe free => link in our bio.
Take a look inside ↓
ORE will be adding USDv to their reserve and using the rewards generated from it, and what it earns being deployed, to buyback ORE.
This is maybe one of the best examples so far of USDv making markets more efficient. No changes to how they interact onchain, just added value.
Papi retweeted
Proposal DP-00005 has passed.
20% (~$700k) of the DAO's SOLO/USDC FutarchyAMM
liquidity will be moved into a SOLO/USDv pool on @Raydium.
USDv is gaining traction across Solana. We're putting it to work in our own markets.
DP-00005 proposes moving 20% of SOLO’s FutarchyAMM liquidity from USDC/SOLO to USDv/SOLO on @Raydium, making the dollar side productive.
Read the proposal ↓
Papi retweeted
The first USDv distribution is complete.
Your dollars earned a 3.5% annualized rate in wallets, treasuries and pools. You held, sent and traded as you always have.
No staking. No wrapping. No lockups.
You didn’t have to do more with your dollar. Your dollar did more for you.
Papi retweeted
"The Solomon platform in a nutshell reconstructs all onchain state. So we know granularly who is the owner of what asset at all times, whether the owner has decided to loop that asset, stake it, put it into a liquidity pool, into a position, wherever it sits. And we don't lose track of that."
– @PapiChuloGrim, CMO
USDv went live on Solana via @sunrise on September 23 as the first use of the @solomon_labs platform
Papi retweeted
The first solana:USDvUSpnhCr9yBgj3UyVrD239HRUv4RsHwH2FxsWuMk reward distribution goes out this Wednesday.
Dollars in wallets, treasuries and liquidity pools, earning while doing what they were already there to do.
A new standard begins.
