Mulana Capital is a venture capital firm focused on blockchain development and DeFi projects, particularly in Asia. They assist non-crypto native founders in navigating the crypto start-up lifecycle.

Mulana Capital

At the heart of the Asia center of blockchain development, Mulana is initiated by DeFi project founders.

 

We are a humble team, seeking to grow with those founders who have the passion and strength to change the world for the better whilst able to execute with foot on the ground, and are particularly excited for projects with a "Mulan" in the core team.

 

We commit to assist non-crypto native founders to navigate through the entire A to Z (legal structure, tokenomics, listing, market making, community building, smart contract auditing etc) of a start-up's life in Crypto and avoid the common pitfalls and shorten the engagement time with the right stakeholders.

 

Founders FOR Founders,

Onwards, we build!

The crypto crowd already moving to #dubai for TOKEN2049, meanwhile the market just had a big altcoin liquidation session triggered by the #middleeast geopolitical escalation.

Hereby our belated thoughts coming out of the HK Web3 festival last week, yes it was just last week 😰  . 
👇 
#Ethereum
Vitalik Buterin made a surprise show up on the last day, spoke on scaling (via Layer2) and how vastly improved the current infra is compared to 2020.  
As per recent newsflow, protocols within the ecosystem that raised big VC tickets are still around “staking” narrative, restaking (Eitherfi, Pendle, Eigenlayer etc), re-restaking(Karak started to accept multi-chain LSTs and restaked LSTs), adverse events impacting peg ratio would be the risk factor to monitor in future.

#Bitcoin 
Total value of the BTC asset is 3x of that of ETH, if ETH can have so many Layer2s, why shouldn’t BTC? From Ordinials (inscribed NFTs) to BRC20  to staking, bitcoin eco is replaying the roadmap Ethereum has gone through. Asia community led the Bitcoin ecosystem narrative  to date, though with Mezo joining the game, western VC supported projects are also attracted to the race.

#Meme culture: 
Last round there was only DOGE and SHIB achieving $B market cap, this round there is WIF, BOME, Degen and probably tickers we aren’t aware of achieving $B market caps, whilte Base, Fantom and Ton chains all showing various level of supports to lure meme culture–where fair launch for individuals and having fun is the spirit of the game.

#Real #world use case? Not as eyeball catching but definately on the rise,  DePin (peaq onboarded over 40 Dapps and enterprises from decentralized EV charging, to noise pollution measurement to drive to earn etc),  AI (Fetch, Ocean etc modeling on decentralized data)  RWA (Blockrock issued tokenized funds)

#Defi: irrelevant to the conference but worthwhile highlighting, within solana ecosystem, Margin Fi (defi lending protocol) founder resigned last week amid  public quarrel with Solblaze team regarding how the Solblaze airdrop to MarginFi is being utilized, there was over $300M outflow from Marginfi (total TVL 1B$) on a single day yet protocol stayed resilient, departure of a founder does not impact how a decentralized on chain protocol operates, really proves a point, ONLY POSSIBLE in #WEB3 💖 

👉 Our take: It’s only been 3 months since the US has approved BTC ETF,  the recognition for crypto assets as an alternative for asset allocation for mainstream investors has only just started. And if history is any guide, the market cycle typically peaks 6-18 months after the Bitcoin halving event which is due in 5 days.  

If the blurb above appears messy and hard to grasp, welcome to listen to a primer on what is web3 from our founder Gillian W.. (in mandarin) https://lnkd.in/gnHzkdwq

Oh yeah, where our beloved Gilbert Ng speaks at the security panel, yep “Mualana” is referring to us;-)! MUA 😘

Ever wondered why crypto market seem to follow a 4 year cycle ❓ 
Do you know that 20th April 2024 the 4th halving event is due to occur with Bitcoin Network?  (previously occured in 2012, 2016, 2020)

Each Bitcoin halving event reduces the number of new Bitcoins produced per block, resulting in a lower supply, whilst, the ease of access via ETFs (not only the US but HK SFC also just give the green light) and in crease in demand for deflationary assets shall lead to ....... ?🚀 

a must attend event by CFA Society Hong Kong to gather both how crypto natives & tradfi thinks about the sector. Eamonn Gashier   Qingwen Ren, CFA

We are thrilled announce our partnership with Bitlayer, a revolutionary #btc security L2 platform 👏 

With this partnership, Eumlet will unlock #bitcoin #defi solutions enabling further diversification for our customers.

We are super excited about the roadmap ahead for 2024 🚀 

venturerock Mulana Capital Cogitent Ventures 
guillaume kieffer Nasara Mughal Nauman Ali

⏳ FINAL CALL ⏳

Don't miss out on the opportunity of a lifetime! Our Spring 2024 ZK Advancer Accelerator Program is closing its doors on January 26th.

If you're working on innovative projects in the blockchain and web3 space, our 12-week virtual program - in partnership with Animoca Brands, is designed to propel your startup to new heights.

Connect with a global network of industry leaders, gain exclusive access to our ecosystem and funding partners, learn from experienced founders and mentors, and receive funding opportunities of up to US$150K investment! Secure your spot today.

🔗 Apply now: bit.ly/3rlogU4
🔗 Learn more: bit.ly/3ZoFfRO

#Brinc #BrincSpringCohort2024 #BrincSpringCallOut2024 #BrincZKAdvancer #BrincZKA #ZKAdvancer #Blockchain #Web3 #Technology #Innovation #Accelerator #Entrepreneur #Startup

Hereby the shots ;)  thanks for the efforts  Jeffrey Broer Gilbert Ng Qingwen Ren, CFA Audrey Deng Gillian W. 

https://lnkd.in/grecEdCV

#stablecoins  are in the spotlight today, with S&P Global issueing a stability assessments report assigning specific #ratings  to a few major USD-denomiated stablecoins; and Galaxy, DWS Group and Flow Traders coming out with forward looking statements eyeing the launch of a regulated Euro-denominated stablecoin over the next 12-18months.
 
💡 A very brief run down of :
 
🔍 The why:
 
·     Stablecoins are #cryptocurrency designed to maintain a stable value, often pegged to a 1:1 relationship with a #fiat currency.
·     Current stablecoins in circulation is about 127B US$
·     There had been no common #framework  nor #regulation  on how the “pegging” relationship between fiat and stablecoin should be maintained
·     Various stablecoins have had incidents of periodical #depegging or in some catastrophic cases-never repegged (reminder: disappearance of the UST, which was once a 18.7B$ stablecoin)
 
🌟 The how:
 
S&P Global leveraged its credit rating framework and tries to rank the stablecoins based on
·     Asset quality risks (credit, market value, custody)
·     Overcollateralization requirements and liquidation mechanisms
·     Other factors (governance, legal & regulatory, redeemability, tech &third party dependance, track record etc)

➡  Leading to a ratings of 1.Very strong 2.Strong 3.Adequate 4.Constrained 5.Weak
with conclusion for major stablecoins where
👍 USDC, GUSD, USDP achieved the highest ranking as 2.Strong;
🤕 USDT, DAI and FDUSD ranked as 4.Constrained;
👎 Frax, TUSD ranked  lowest as 5Weak.
 
❓ And whats next?
 
·     Although this type of #ratings  and assessments are not yet a prerequisite prior to any new stablecoin issuance, but increasingly it shall be used as a reference and excerts pressure for at least better transapancey and governance from new issuers
·     It sets a minimum level of excellence for the to be regulated stablecoins to achieve.
·     It alerts the asset managers and individual holders of the stablecoins to review and reassess the exposure.
🚀 🇭🇰  Last but not least:
The Hong Kong Monetary Authority (HKMA) regulatory framework for stablecoin issuers are supposedly pending to be issued around end of this year, (2 more weeks, yeeeeh!!!), and hopefully as licensed VA services provider we can allow our home bias to flourish and able to utilize a trusted HKD stablecoin soon without worrying too much about depegging & AML risks.

Qingwen Ren, CFA Gillian W. Gilbert Ng Jeffrey Broer Yabin Deng

MULA

VC:MULANA

Mulana Capital