Partner at @RockawayX. prev @blockworks & macro investor. The most profitable arb is time horizon. Progress is boundless🇺🇸 tg: @ryanrconnor.
USA
Joined April 2022
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Today we are launching Catapult: an evergreen accelerator for scaling RWAs onchain.
RockawayX is partnering with founders to tokenize differentiated, high-yielding assets, then backing them with design, anchor TVL, liquidity support, DeFi integrations, and a mentorship program of the industry’s best. 🧵
Ryan | Catapult RWA Accelerator🇺🇸 retweeted
who could have predicted this
The hiring hangover is shaking off
Job postings vs. pre-pandemic, roughly:
- Engineering up 45%
- Healthcare up 30%
- Manufacturing up 25%
- HR back to even
Charts of the Week: a16z.news/p/charts-of-the-we…
.@elonmusk X needs native p2p wagers !
Ryan | Catapult RWA Accelerator🇺🇸 retweeted
Emergent properties are right up their with test time scaling. Such an important moment for every investor.
Every once in a while you get a new bit of information that completely tips the scales.
The below chart from OpenAIs reasoning paper was perhaps the biggest change of my career.
Everything from how you construct a data center, app layer gross margins, networking, compute. And most importantly, the timeline for viable and accurate agents. This chart changed the outlook for all of it.
Ryan | Catapult RWA Accelerator🇺🇸 retweeted
& now we're seeing it in the Anthropic data as well.
Token demand is highly price elastic: prices fall, consumption increases more than enough to offset the decline
Token price down, intelligence up -> revenue up
Ryan | Catapult RWA Accelerator🇺🇸 retweeted
Update on the reported Binance hot wallet incident.
Collateral: No collateral backing our vaults is affected. This includes Figure, OnRe, Huma, Avant, InfiniFi, Tori, Re, Obligate, f(x) and Coinshift and others across all chains.
Indirect exposure: Some of the protocols we allocate to hold positions in Ethena assets. Ethena’s potential exposure to Binance is below $10M and falls within the coverage of its insurance fund (over $60M).
Liquidity: Withdrawals from our vaults are operating normally. Some Morpho markets may see reduced liquidity and higher volatility in the near term.
We have been monitoring the situation closely since the first reports emerged, and our risk team will continue to monitoring positions diligently.
The local compute narrative is so obviously wrong
sam: local inference is a terrible allocation of scarce resources
“a lot of people want local inference, and somehow they assume that the problem is solved now because we have open-source models, we're going to be able to run them on our computers, and so we're not going to need all the stuff in the data centre
but from a global allocation perspective, actually it's quite terrible to have everybody, like, have a bunch of the world's limited supply of DRAM sitting in their own computer and being used five percent of the time
you want maximum utilisation in the cloud if you're trying to deal with this very supply-constrained environment
somehow many people's intuition is the opposite of that”
The market is pricing QQQs like we're in a bear.
Read: the marginal buyer does not believe AI-driven growth is durable.
This leaves me extremely bullish on 2027.
Emergent properties are right up their with test time scaling. Such an important moment for every investor.
Every once in a while you get a new bit of information that completely tips the scales.
The below chart from OpenAIs reasoning paper was perhaps the biggest change of my career.
Everything from how you construct a data center, app layer gross margins, networking, compute. And most importantly, the timeline for viable and accurate agents. This chart changed the outlook for all of it.
Ryan | Catapult RWA Accelerator🇺🇸 retweeted
It’s deeply under appreciated that
a) stablecoins are rapidly penetrating the European financial system &
b) the outcome will create a Europe-native Circle/Tether
