Hare by GSR

An intense 24 hours. I’m thrilled to announce that @hare_xyz is out of stealth. As co-founder and CEO, I can say this is the most exciting chapter of my career so far. We’re backed by @GSR_io and @turtledotxyz , with a $100m multi-year capital commitment from GSR behind us. The response since we announced has been overwhelming, so thank you to everyone who has reached out. Here is what we’re building and why I think it matters. Trillions of dollars of assets are expected to move onchain over the next five years. Bringing them onchain is only half the job. Someone has to understand, price and manage the risk underneath them, and present it in a way institutional capital can trust. Today, curators manage around $7bn onchain. Some run hedge-fund-style strategies chasing performance. Others scale stablecoins across chains chasing incentives. Both are valid models. Neither was built to absorb the wave of real-world assets now arriving, or to serve the buy side that wants exposure to them. That’s the gap Hare steps into. We’re a curator with the ambition and discipline of an investment bank, and there’s no better place to start than credit. DeFi has plenty of attack vectors, and the market has built around the ones it already understands: security, smart contract and oracle risk etc The challenge on the horizon is the offchain component behind many of these assets: where the capital is actually deployed, and what sits under a strong name and an attractive yield. We underwrite every layer, and we’ll publish our reporting openly, including how much liquidity is available instantly and how much takes longer under stress. Ok theory is fun but the questions I’ve been asked most are how we execute, what we offer and how we truly serve the market. The answer starts with building the strongest foundation possible. That’s why we’re launching with two products, both powered by Aave Aave Labs. The first is a dollar vault for any major USD stablecoin, built for scale. The second is a gold vault built on Paxos’s PAX Gold. Giving the world access to yield on gold reminds me of the magic in finance, and why so much of its future will be built onchain. The journey is long, and our ambition is bigger still. I see a future where onchain markets become the venue for global capital formation, and raising capital onchain, whether equity or debt, is simply the default. Thank you to everyone who made this possible. To @SuperChad15 and the Turtle team, who built the infrastructure that turns our products into machines and backed this from the first conversation. To @xinsong86 @Palmstierna @KunzAlain the GSR team, whose belief and market expertise sit behind everything we do. And to our partners at Chainlink Labs and Hypernative. I couldn’t ask for better people to build with. If you know me, you know I love the grind, but I’ve never been more excited to get to work. If you're interested in what we are doing, let’s talk.