CMO @solomon_labs | Investing @monkeventures | Prev. @MagicEden, @MultiChain, @Merck | Opinions my own
United States of America
Joined October 2015
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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
Another USDv distribution delivered.
Dollars in wallets, treasuries and liquidity pools continue to earn while remaining available to use.
No staking. No wrapping. No lockups.
The way you use your dollar doesn't change. What you get from it does.
This is a great initial benchmark.
despite such an uncertain market what with midterms, hacks, etc., we have seen that there is real demand for both USDv and the Solomon Platform.
Just the beginning.
Excited to see the updated version of these notes in a year.
Super excited to be speaking at the Mindshare Summit!
Quick, no BS ways to improve your marketing game.
Our next Mindshare Summit speaker is none other than the CMO of @solomon_labs himself, @PapiChuloGrim!
Ex-@MagicEden and @Multichain, with a decade in marketing and years of it spent in the Solana trenches.
Don't miss it: luma.com/xi89ghzp
Papi retweeted
Our next Mindshare Summit speaker is none other than the CMO of @solomon_labs himself, @PapiChuloGrim!
Ex-@MagicEden and @Multichain, with a decade in marketing and years of it spent in the Solana trenches.
Don't miss it: luma.com/xi89ghzp
Papi retweeted
the underrated projects on @solana series is back 👀
episode 29: @solomon_labs is building what they call “a better dollar.” their stablecoin, USDV, earns yield just by holding it. no staking, no lockups, no extra steps. and the yield follows USDV wherever it moves across DeFi.
here’s the interesting part, when yield-bearing assets move around DeFi, the rewards usually don’t follow. who gets the T-bill yield once your asset is buried in another protocol? Solomon tracks it, so the yield follows USDV wherever it goes.
USDV is the easy way in, but underneath it’s a platform that businesses and treasuries can plug into. already ~$9M in circulation, with eight treasuries on board.
it’s still a yield product, so rates can change, and being T-bill-backed doesn’t mean it’s risk-free. always DYOR.
which project should we cover next?
Papi retweeted
Solomon and USDv are unaffected by the reported Binance incident.
USDv remains fully backed, reserves are secure, and all operations continue as normal.
If you want to learn a little bit about structuring marketing campaigns, I’ll be giving a workshop during the hacker house on the 9th!
Will give some tactical info followed with the opportunity to answer questions and help structure your own.
London Hacker House agenda is live.
12 days at Somerset House, Sun 1 Nov to Solana Demo Day on 12 Nov.
You’ll be learning from the teams behind 👇
@anza_xyz
@triton_one
@solanamobile
@Superteam
@RockawayX
@animocabrands
@Helius
@inside_r3
@ikadotxyz
@tokenGBP
@CFBenchmarks
@FluxRPC
@Multichain
@Flight3official
@FoundationVent
@useDecal
@nosana_ai
@reflectmoney
@landeddigital
@AtelierVentures
@TruYields
@aomi_labs
@solomon_labs
@bonfiresai
@GreedAcademy
@JET_EUROPA_
@EYEKONSTUDIO
Free to join. Pick your days and sign up: luma.com/london-hh-26
Papi retweeted
The dollar side of a liquidity pair is a capital allocation decision.
For a long time, the choice was mostly limited to one or two stables with little differentiation. We settled on a default and stopped asking if things could be better.
Pairing with a productive stable improves net economics. Yield on the dollar side offsets the base rate cost of capital, reducing what MMs have to absorb or pass on to traders through spreads.
This will be obvious in hindsight.
More quote assets coming soon.
The dollar you pair with should pay you.
USDv puts the cash side of liquidity to work: 3.5% APY on the USDv portion, on top of swap fees.
For GOLD/USDv, LPs with @orogoldapp are now enjoying a 9.77% annualized yield (7D).
Papi retweeted
The dollar you pair with should pay you.
USDv puts the cash side of liquidity to work: 3.5% APY on the USDv portion, on top of swap fees.
For GOLD/USDv, LPs with @orogoldapp are now enjoying a 9.77% annualized yield (7D).
USDv is uniquely positioned to provide an elevated, safe experience to users looking for a bit of edge on the risk they take naturally every day!
Legacy stablecoin providers have strong moats. Big brands like PayPal and SoFi can buy their way in with massive bankrolls and incentives. Meanwhile, a lot of crypto-native stablecoins sit on the higher-risk end of the spectrum.
USDV sits in the safe middle:
• Similar reserve profile to USDC
• Yield tracks the T-bill rate (~3.5–5%)
• No extra smart contract risk
Safe yield. No extra risk.
Stop losing value in your positions
You SHOULD be getting more from your liquidity provision…
Papi from Solomon Labs shows how liquidity providers can boost a Raydium LP from 8.5% to over 10% by making the stable leg $USDV
“why wouldn’t you or your business want additional upside?”
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 nitter.gq/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 nitter.gq/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 nitter.gq/i/broadcasts/1qJVmyYWr…
