Ser Link retweeted
We got the sale wrong.
We tried to balance existing Patron holders, new participants, and fair distribution all at once and the result was a sale that (almost) nobody wanted to participate in.
Retail hates the lock.
Whales hate the cap.
Everyone hates the complexity.
To our community: you've been telling us. And you were right. And we apologize for how we handled this.
So, here's what's changing:
1/ Caps removed. No more $2,500 maximum. If you want to put in more, you can. We're done trying to guess the right number. The market will decide.
2/ Bottom-up fill. We're switching from random allocation to a "max-min fair allocation", also known as water filling. Everyone's allocation rises equally until it's full or supply runs out. Any excess contribution is refunded.
3/ Patron preference stays. Patrons still get priority on allocations, but we're waiting until the end of the sale to finalize exactly how - once we have real data on total demand instead of guessing.
We're keeping the lock. We still believe lockups create the long-term alignment for those who believe in the product.
Which brings us to the product – we haven’t spent enough time showing and telling you why you should use Infinex. Which changes now.
So here's what we've actually built - a new kind of crypto app that feels like a CEX but is self-custodial:
→ A best-in-class swap and bridge aggregator - live on 24 chains, including OG networks like ZEC, XRP and DOGE that are hard to access elsewhere
→ A perps trading experience built from the ground up by @0xEquinox_ and team, starting as a frontend for @HyperliquidX (#2 builder code), with @Lighter_xyz and @synthetix_io coming soon
→ A browser extension (led by the Herculean efforts of @ben_kurrek) that lets you take your Infinex account to any onchain app - currently 5★ on Chrome Web Store
→ Passkey-secured accounts powered by @turnkeyhq - no seed phrases, no custody responsibility pushed onto users
→ Unified portfolio and wallet management, giving you access to all your crypto wallets across devices
→ An unmatched customer service team headed by @Khaleesi_98
We created Infinex because crypto should be easier to use, and we made a big dent in our goal last year.
We have a massive feature roadmap planned for 2026, including a native mobile app, private sends, hardware wallet support, and much more.
We've built an amazing team and a compelling product, and we’re here to build for the long term.
We've spent a lot of time trying to get your attention – for better and worse.
Now we're asking you to try the product and make up your own mind.
Ser Link retweeted
Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that Tornado Cash as built complied with the law, under the guidance given by FinCEN in 2019.
The government has now stated in open court that they are contemplating charges against Dragonfly for having invested into the Tornado Cash team in 2020.
On counsel’s advice, we have refrained from public comment. But we can no longer remain silent.
We believe deeply in Americans’ right to privacy, and the lack of it remains one of crypto’s largest unsolved problems. We therefore stand by our investment. We did not operate or exercise any control over Tornado Cash, we had no contact with any malicious users, we always encouraged our portfolio companies to follow the law, and we maintain that Tornado Cash itself has a lawful right to exist—a view reinforced by Van Loon v. Department of the Treasury and OFAC’s subsequent rescission of sanctions. Charging a venture firm for a portfolio company’s alleged misconduct would be unprecedented, especially under these circumstances.
In 2023 we received a DOJ subpoena and have fully cooperated with the government’s investigation of Tornado Cash, confident that we have always complied with the law. The DOJ has made clear that we are not ourselves a target of their investigation. As with every investment, we provided PepperSec the same advice and support we offer all portfolio companies.
We believe the government’s statement in court today was primarily to undermine a defense of Tornado Cash—to make it more difficult for the defense to call Tom to testify on the stand.
After all of this time—years later—bringing charges against Dragonfly would be outrageous, contrary to the facts and the law, and would induce a chilling effect onto all investment into crypto and privacy-preserving technologies in America.
We don’t believe the DOJ would actually bring such absurd and groundless charges. But if they do, we intend to vigorously defend ourselves.
Ser Link retweeted
There are 3 S-tier tokens in crypto that I could see 50-100x'ing over the coming years.
ETH
AAVE
LINK
This is a great summary! My key takeaway is that the goat game (ATH) can’t return soon enough.
Nobody asked.
@visitsugartown still dropped their docs.
I read them so you don’t have to. Here’s what actually matters:
1/11 🧵
Ser Link retweeted
There's a lot to unpack about @visitsugartown upcoming CORES mint, but let's clear one thing up first:
CORES is not Sugartown Gen2. It’s a companion to Oras, designed as a reward generator within their GameFi ecosystem.
The core ecosystem loop will revolve around this: Play + Stake + Bet = $WIN
Play
They are not just building 1 game, but rather an ENTIRE suite of it. Think 50-in-1 Gameboy cartridge aura with 4 main game pillars: Skilled Gaming, Degen Experiences, Arcade Games & Social Casino.
Had the pleasure of speaking with @tommyngo who have already tease me with a few, and trust me when I say there is a game for everyone.
Stake
This is straightforward - Stake your CORES for boosted rewards, but if you stake both Oras + CORES, you're going to Valhalla.
Bet
What's web3 gaming without wagering some $$? There's way too many optionalities to play around this - Horse racing-style bets, simple win/lose and many more.
And finally, $WIN. All of this feeds into $WIN, the reward layer across the entire GameFi experience.
With Abstract eco gaining some steam recently, my bet's on CORES adding on to this momentum.
Ser Link retweeted
Just took a deeper look into this, and it's actually more bullish than I expected. At first, I was just in it for the free mint, but it’s looking solid. If the market stays green and momentum continues, it could line up perfectly with the Cores launch💯
@visitsugartown @camolNFT
Ser Link retweeted
Gaming right now is pay to lose.
You spend $800 on a console, $60-$100 on a game, $20 on the battle pass, then a few hundred on cosmetics… then buy the newest version of the game next year.
You’re banned if you transact your assets and don’t truly own anything.
That’s pay to lose.
Why not turn it in its head?
Why not be rewarded with owned assets?
Why not be able to transact them?
That’s where we’re heading.
That’s what Sugartown is doing.
CORES will be an INTEGRAL part of it
Ser Link retweeted
Back on top!
Just beat 160 players in @visitsugartown’s last standard tournament 🤑
Got to the final table average in chips but eventually got short making a bad hero call with a rivered pair.
Won a few lucky ones including cracking queens heads up. Excited for what’s next 🤩
