What am I investing (new) in this cycle? I'm focusing my picks on the early infra plays and will focus on the projects that look like they can turn actual revenue and pass that revenue back to token holders in unique, novel, and experimental ways. I'm throwing my investments into two categories right now: 1) Replicated Solana/Etheruem infra "Replicated infra" is an easy bet to make early on. The idea being Robinhood is so new that the infra is still being developed. Everyone is trying to find the next financial protocols on RH. The next 'Meteora', the next 'Aava', the next 'OHM', and so on. Ofc it's hard to say what's going to be sticky here, but at least early on, I think you can make some big multiples jumping in some early infra. If RH eco explodes (as I think it will), you may end up sitting on the next 100M+ platform. 2) Novel / Experimental Infra (RWA, Uniswap4 hooks, etc) These are protocols that are new, or at least a tweak of something old, combining something new to add a speculative spin. A lot of these new infra experiments combine RWA, NFTs, and memecoins. I think this is the most interesting (and risky) category. But since we are pushing into NEW territory here, the valuation the market may give some of the new protocols, especially if they show revenues, is uncapped. My guess is that any unicorn protocols will be in this category. MY RECENT INVESTMENTS AND WHY 1) $HOOKR (@Hookrfun) Saw this early on at about a 300k market cap and again at about 1.2M. Picked up close to ~3% of the supply to hold. Setting aside the project's utility, the name slaps and is catchy. Turned out to be the right move because over the past week I've seen a 20-30x from that (price hit ~7M recently and seems poised to cross the 10M threshold). Probably my favorite RH bag atm. I threw in something like 13-14k and am sitting between 150k-200k USD, so I have a bag bias here. WHY DID I? The short is that $HOOKR is bringing v4 Uniswap hooks to Robinhood but doing so via a new kind of launchpad for programmable markets. This falls under my 'novel experimental infra' thesis. Instead of yet another launchpad for shitty, scammy projects no one gives a fuck about, HOOKR is creating a marketplace where you can launch a new token that offers a feature set to liquidity providers and token holders not available anywhere else. Basically, a new token liquidity pool becomes its own DeFi suite. Launch a new token pair via HOOKR, and the swap fees become something that can be 'defied' on. The accumulated pool fees, for example, can be used to lend to token holders, with the fees shared back out to the LP providers, providing extra yield not possible with a normal pool. The LP pool itself could also be used as a loan platform to issue loans, earn fees, and share rewards with LP providers, token holders, and so on. And some percentage of all this activity is fed back to HOOKR tokens. I actually think HOOKR could borrow some mechanisms from, say, @PrismMothership, where some kind of limited NFT is minted per X amount of @hookr tokens held, and the yield is shared out to the NFT. Would be the right kind of ecosystem to introduce NFT ownership. Still early here. I think we have the potential for a 100M cap coin or higher IF the platform becomes the go-to integration for new token launches that want to offer extra programmable yield to token holders that isn't available otherwise. And the market grows even higher if this is offered to existing tokens as well, making old tokens more exciting. The growth flywheel is clearly here. Early, but I think this is going to be one of the leading, if not the leading, Uniswap 4 hook platforms on Robinhood. Sitting at 6-7M FDV. I could see this hitting the 30M-100M range here. I'm holding this and expect this may be one of my best trades this cycle. 2) $INDEX (@TheIndexFi) I took a small position in @TheIndexFi about 3 weeks ago, betting this project could be an early settlement layer for Robinhood-powered tokenized equities. After a few weeks of nothing, it seems $INDEX may just be front runner for the second Robinhood listing, right after CashCat. It's a fairly straightforward protocol to understand and hold: hold the token and you 'earn' a share of the RWA stocks that are distributed. I've earned a few hundred $ worth of NVIDIA, APPLE, PLANTAR, and the like, just for holding a few days. I don't have a massive position here, but I'm up 3x-4x on my buy at this point and sitting on a five-figure position. I'm going to let this one sit. It's simple, but there's something about getting free blue-chip stocks for holding a token, with the stocks coming from protocol revenue. I could see a world in which this hits 100M+ WHY DID I? Hold token, earn stocks. Easy to understand, easy for normies to understand. Nothing super fancy, but simplicity here could be the siren call to normies. I could see a world in which INDEX partners with platforms and becomes a sort of onchain yield layer for web2 and web3 applications all over the place. And if Robinhood lists this, it's going to be 100M+ 3) $PRISM (@PrismMothership) Ethereum has gotten a lot of hate over the past year, but the truth is that big institutional capital will gravitate to Ethereum, not your X, Y, Z new chain. Ethereum has shown new life again, and I expect capital and liquidity to start rotating back into Ethereum. The pump will surely be hated by CT, but I want to position myself for this. Prism is the dead center of the current narrative storm, a narrative that has knocked me back into the market hunting for the next big-thing investment: @Uniswap v4 Hooks, which are completely game-changing imo. Prism is building an entire ethereum (and even multichain) marketplace platform around Uniswap hooks where you can basically customize your functionality at the swap layer. Every action that happens before, during, and after a swap atomically can be customized via hooks. Prism is building an entire platform around enabling novel activities here, which enables ALL KINDS OF NEW DEFI BEHAVIORS NOT YET POSSIBLE. What I like is that they are building an entire multi-layer ecosystem, with all revenues shared back to $Prism token holders (every token mints you an NFT, and there are only 5000 NFTs). The more applications built on this ecosystem, the more revenue flows back to token holders. That's why I'm calling this DeFi 2.0 here. If this narrative takes off, we could be looking at the birth of a new DeFi primitive and a whole new slew of new applications built on this. It's exciting, and I think it's momentous for DeFi. If 2020 was the spark that launched DeFi, then 2026 Uniswap Hooks could well be the rocket that brings DeFi to orbit. WHY DID I? This is my bet on Uniswap v4 hooks + Ethereum. It's been one of the 'harder holds' so far, as the price has been crickets while my Robinhood infra picks have been flying. Ok, I'm the guy who lost millions holding gaming bags for two years, so holding this for a couple of weeks ain't nothing hard yet. Still, I think this is going to rage pump at some point, and I want to be there for it. I love what this project is doing, and if there is one hold on ethereum I'm making, it's on $Prism. If Uniswap 4 hooks start delivering a new wave of DeFi applications, Prism will be right at the forefront. I think this could well be a 100M coin if the narrative pans out, and a poential B-dollar token if we actually have a real bull market. Closest comparibles I see might be Yearn in 2020 or maybe Virtuals platform in 2024. We're early, but this is probably the most exciting hold. I want more tokens. If there is one single hold this cycle, $Prism is that hold for me. This one might be a bit of a hold, though, because the current focus is on Robinhood. Ethereum tokens are lagging. I'm holding this one tight because I think attention will shift back to ethereum and this one is poised to rapidly reprice when that happens. I'm sitting on nearly a 6-figure position here and have over 2% of the supply. I'm holding this on the expectation that it will reprice to a 50-100M range at some point. 4) $0xZAPS (@0xzaps) Programmable execution layer for Uniswap hooks. This is by the same dev @NodarJ as $HOOKR. I normally don't like two tokens tied to a single developer, but these ecosystems are distinct enough that I can see this working. It's not ideal, but I do like how $0xzaps ties into the HOOKR ecosystem. While $HOOKR is sitting at ~6M+ at the time of writing, $0xzaps is $600k. WHY DID I? I think it's a side bet, but a cheap one, and a bet on @NodarJ as a developer. The actual platform being built there is substantive and valuable, so I 600k seems cheap. I could see a world in which the token hits 10M+. I accumulated a nice chunk on that speculation. While HOOKR is focused more on being a programmable launchpad for V4 hooks, with unique offerings like leveraged tokens, 0XZAPS focuses on packaging DeFi steps into capsules you can drag and drop into your platform as needed. It's a more generalized platform, but directly ties into the HOOKR ecosystem. $BOW (@longbowlend) This is trying to be the credit layer of Robinhood. You can take out loans against your assets. Think AAVA of Robinhood, but instead of loans against blue chips, you can take out risky loans against shitcoins, NFTs, and RWAs. This more closely matches the old ethereum lending platform that got 'hacked' (Matcha), where you could take out loans against worthless shitcoins. No surprised gamblers dumped insane TVL into it unless the platform got 'hacked' (i.e., the team ran off with the funds). I mean, it's not hard to see why this too is probably going to blow up (and I hope not in the bad way here, as some of these lending platforms have in the past). WHY DID I? Any protocol that enables riskier speculation and caters to degens is probably going to grow exponentially. That's basically my thesis: enable even riskier speculation. @prismassets Trying to be the Amazon of tokenized assets. Tokenized assets are a bit of a mess to find. Everything is all over the place: different chains, different platforms, and so on. PrismAssets is trying to make this easy and bring everything together under a single platform. They are also building a DEX for RWAs, which goes live next week. Could be a bullish price point for the project. It's confusing as fuck with the ticker name because $PRISM by @PrismMothership is also a Uniswap v4 hook platform on Ethereum, while $PRISM by @prismassets on Robinhood is a marketplace for tokenized assets. Please change your name to something else! WHY DID I? Honestly, I find tokenized assets confusing, and a marketplace that brings everything together and makes it easy to find what you want is useful. The marketcap was also attractive at the time. This project has less of a moat than some of the more technical infra plays. It's more of a useful UI dashboard. But the developer seems to be busting ass here. RWA Dex is interesting. If they nail this, that adds a bit of a moat here. This project is going to live and die, though, by how well they can attract actual users to use and stick around. Not going to be easy. This one has a wait-and-see for me. MICRO CAPS I GAMBLED THE FUCK ON Some other micro caps I'm holding. These are highly risky, but they may just blow up into something big. Buyer warning: these ones could go to zero. 1) $SCOPL (@scopl_live) - 500k ish DELTA is trying to be the Meteora of Robinhood. Useful. But DELTA is 10M FDV, and SCOPL is like $500k and doing some of the same things, with some new, very interesting mechanisms. It has a working platform you can actually use, and it's already pulling in some revenue. What sold me: you can set limit orders to sell your position with zero fees and zero slippage. But your limit order position earns you money from the protocol, since it doesn't sit on the order book but becomes part of the liquidity pool at your target price. This effectively means you are setting up a single-sided LP pool, earning fees while you wait for the order to fill, and, if your order hits, exiting with no slippage. Pretty cool, and I think given the platform is working and earning revenue, it has a lot of growth potential from this market cap. I think it's a good alternative to DELTA, even if the mechanisms aren't exactly the same. At 1/20th the price, it's a go for me. 2) $IMPRO (@impresio_ ) - 300k ish SocialFi on Robinhood. I'm not a fan of social fi at all. I hated the likes of Kaito. However, this is a low-market-cap bet that probably gets a fat pump. It looks like it actually works right now: bounties can be set up by projects (with the token used as escrow) for content creators to promote content on X. It looks like the sort of thing that might catch a bid and it's the first social fi project I've seen on RH. I bid on this given the market cap. 3) $DMND (@DMNDBasket) - 500k ish "Create programmable mixed-asset ETF-based baskets and indices across the entire landscape— stocks, memes, utilities" The ticker kind of sucks, but the project does not. Basically, create a basket of assets (ETF) with anything: memecoins, RWA/tokenized stocks, utility tokens, etc. The ETF can include both crypto assets AND traditional stocks, and it's going multichain (Robinhood, Base, and Ethereum). Why are there a number of new platforms that are allowing baskets of assets to be created and managed? But this team seems to be cranking out the work fast and adding a ton of new features daily. I don't think I've seen another product that allows multichain asset creation either. Big selling point: it's ~500k market cap and doing some of the same things projects that are 10-20x the market cap are doing, so... OTHER SHIT I DON'T HAVE A POSITION IN YET THAT'S INTERESTING 1) $DELTA (Meteora of RH, sitting at ~10M FDV. Probably goes way higher). 2) $NET (OHM Ponzi reimagined with new speculation by trying to tie in speculative games and RWA payouts. Cult crowd, insane APYs to be had. I think it's likely to blow up, but who knows where the top is. The worst thing about a cult ponzi is not actually being in that ponzi as it goes bananas) SUMMARY I wouldn't say I was extremely early here. I just started throwing in liquidity the past two weeks. But the market (at least on Robinhood) has been remarkably PvE. I'm getting mid-2024 vibes where you can take swings at brand-new projects with tiny market caps and try to decide which projects will attract liquidity. It's PvE, at least for now. How long that lasts, I don't know. I feel the Robinhood chain has some gas left in it, though. Let's see how my new investments perform over this next cycle.