splits

splits

Financial infrastructure for onchain teams. https://splits.org/

abram pfp

we opened up public beta the other day (!!) so i recorded an end-to-end run through of the product, how it works, and how we use it. it's a purpose-built tool for onchain teams/projects to bank themselves on ethereum.

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

the Big Idea running through this piece, which @w and @abram have been discussing all year: "trustless" systems ironically make trust more valuable than ever. solid crypto infrastructure moves trust up the stack, from the smart contracts to the social contracts like @dish said: "we lock the LP positions to prevent rugs. Our contracts are verified and audits are open-sourced." this is a big part of Clanker's fundamental value prop to builders: business legos that Just Work™ and interoperate with the rest of the ecosystem ("You could do it independently, but we save a lot of time and energy leading up to launch and actually get you to the meat of what you want to build with these tokens.") once that groundwork is laid, the next level is relationships and community. Clanker has built an incredibly strong and distinct brand which has weathered multiple rollercoasters, and now @dish is figuring out how to extend and expand that brand with collaborators and partners

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@sonyasupposedly

Splits talked to @dish about running Clanker: becoming a startup founder almost by accident (!), earning an ecosystem, and the push and pull of trust in the noisy, boisterous crypto scene My favorite quote from Jack: "You can't say some things that you want to say, that your emotions want you to say. You have to turn the other cheek." That shows the emotional intelligence and inner stability you need to thrive in this crazy industry. Everyone is constantly yelling at you, but it's still necessary to listen — with empathy and patience https://splits.org/blog/trust-at-scale-clanker/

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@sonyasupposedly

send this one to your crypto-curious builder friends! @w on why business-first adoption makes more sense than consumer-driven "mass adoption" 👉 https://splits.org/blog/one-startup-at-a-time/ > What seemed impossible just two years ago — seamless onchain operations that don't sacrifice security or usability — is now table stakes. The early adopter tax has been paid by others. thanks @jihad for working on the earliest version of this post 💗

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@sonyasupposedly

"Give yourself permission to ship something you know isn't right." — @w Anything else is too slow! The polish comes later. Start with a functional prototype. It should be rough. It should be janky. Get that version in front of users fast. How we scope a quick 'n' dirty MVP at Splits: 1) List everything that might important or relevant to the project. 2) Okay, now what is the *absolute minimum* from this list that's necessary for a functional prototype? AFTER completing this "make it work" phase, you can start fixing the glaring flaws, fulfilling feature requests, and optimizing performance. https://splits.org/blog/make-it-work-make-it-right/

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@sonyasupposedly

if you run a business onchain, we wanna talk

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@sonyasupposedly

how @jake manages $QR, the project coin behind the onchain attention machine: https://splits.org/blog/qr-project-coin/ 💸 cashflow from the token versus the business — spoiler, almost all the business, but Jake ties both together 🏦 is it better to raise from 100,000 buyers versus one or two VCs? 🗣️ how to coordinate those 100,000 people without losing purpose, direction, or your mind?

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@sonyasupposedly

Ethereum will see more and more experimentation. Which means more and more entrepreneurs will get started on Ethereum. Which means more and more banking services will be needed to serve these growing businesses. @abram at ETH NYC: https://splits.org/blog/splits-at-eth-nyc/

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abram pfp

over $250m has flowed through @splits infra to date. proud of this milestone because the splits infra isn't selling money, so funds flowing through the system are (for the most part) downstream of some onchain economic productive asset.

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@sonyasupposedly

I haven't been around for the whole ride, but it's been interesting to learn from @abram + @w how the initial idea for Splits — sharing money onchain — was originally expressed in a very concrete, limited tool: the simple splitter contract ...which soon unfolded into a philosophically driven mission to enable productive collaboration (which is what finance is *for*), on the scale of the firm but also the scale of civilization https://splits.org/blog/unbreakable-agreements/

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@sonyasupposedly

Project coins are capital formation at internet speed and scale. Okay, first: what is capital formation? It's when money becomes machinery for making more things happen. Various funding sources are combined into a single "pot of gold" dedicated to a particular purpose. Before capital formation, you have disparate financial resources sitting in different accounts, proverbially twiddling their little money thumbs. After capital formation, you have a Real Thing: a startup with runway, a factory with equipment, etc. For example, two founders might combine $50k personal savings, a $100k angel check, and a $25k customer pre-order. Before: hobbyists with a side project and day jobs. After: they can quit those jobs, hire another developer, and focus full-time on executing. Same people, same idea — but now they have the economic ammunition to make it real. That's capital formation. 1/2 👇

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@sonyasupposedly

the Splits thesis

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@sonyasupposedly

Why are project coins so interesting? They're kind of like seed funding. And kind of like crowdfunding. But also kind of like bootstrapping. But *also* kind of like public stocks... without being equity. Token holders "are the financial equivalent of social media followers." Because it's crypto, investing is open to anyone with an internet connection. Anywhere in the world. At any time from launch onward. Instant liquidity for all. Following up on our investigations of @betrmint and @tipn, the latest @splits report from @w @abram @matthew and myself is a deep dive into project coins — how they work, and what it means for the startups of the future. https://splits.org/blog/project-coins/

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Andrew B Coathup pfp

Andrew B Coathup

Where can I find the ABI for a Split, Vesting & Pass-through contracts?

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

"Economic prosperity is not just about having ample funds: it's about reliable systems for using, moving, and protecting those funds. In fact, such trustworthy systems are a prerequisite to wealth." https://splits.org/blog/unbreakable-agreements/

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