Papi (@PapiChuloGrim) header
Papi (@PapiChuloGrim) profile picture

CMO @solomon_labs | Investing @monkeventures | Prev. @MagicEden, @MultiChain, @Merck | Opinions my own

United States of America
Joined October 2015
Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)Photo by Papi (@PapiChuloGrim)
I’m VERY excited to announce I’m joining @solomon_labs as CMO! There have been a few clear winners going into the next cycle: RWAs, perps, stablecoins. There is one jarring problem with stables today: holders put up all the risk, issuers get all the upside. More than $10 BILLION of it annually. Every stablecoin is effectively a loan. The holder is the lender. The issuer keeps the interest. If you want any upside, it means staking, wrapping, trusting 5 smart contracts. Solomon’s stablecoin $USDv, soon to launch publicly, flips this on its head: a single user opt-in means earning by default… indefinitely. Using any other stable is leaving money on the table, and you don’t need to change how you behave onchain. Earn: •⁠ ⁠In your wallet •⁠ ⁠In an LP •⁠ ⁠In a lending market •⁠ ⁠As idle liquidity The big picture with Solomon is more than just USDv. USDv is a showcase of an engine that can power any asset and allow users to route their rewards. In a future state, this COULD look like: •⁠ ⁠Hold a tokenized stock in wallet 1 •⁠ ⁠Receive a dividend to wallet 2 •⁠ ⁠Choose to receive the dividend in $ANSEM, $CARDS, $SOL or any other currency Excited to be building this future on @solana as part of the @MetaDAOProject ecosystem. The $SOLO token represents ownership onchain in this journey, which means no token games or gimmicks. A real breath of fresh air for me. A big thanks to @oxranga and team for the opportunity. If you made it this far, be sure to give @solomon_labs a follow!
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It was a blast talking AI & Marketing yesterday. There is so much to learn, it feels like everyone has a slightly different approach.
3/ Next up was AI in Marketing with @dmoutouss, @voshy, @Treggs6 and @PapiChuloGrim. How to put AI to work in marketing, and where a human still has to step in.
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I have already been out at @hackerhouses! If you want to talk about the Solomon Platform or USDv, feel free to reach out or come say hi if you see me.
Solomon is heading to Breakpoint in London 🇬🇧 We look forward to connecting with partners, builders and institutions across the ecosystem. Find us at the conference or reach out to arrange time with our team.
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HOW TO AVOID THE SIGNIFICANT PROBLEMS AND SAFETY ISSUES WHILE VISITING LONDON: List of 10 things that are normal precautions to take in any large city.
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Got to present a workshop on marketing campaign creation and orchestration today at @hackerhouses with real life examples including what all we organized for the launch of USDv at @solomon_labs. So many great talks this week. Hacker House is a wealth of knowledge.
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Old British men calling their waitress “sweetie” is a new thing I’ve decided to hate
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This is a great initial benchmark. despite such an uncertain market what with midterms, hacks, etc., we have seen that there is real demand for both USDv and the Solomon Platform. Just the beginning. Excited to see the updated version of these notes in a year.
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So... everyone just decided to host every side event for Breakpoint on the 16th, huh?
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Super excited to be speaking at the Mindshare Summit! Quick, no BS ways to improve your marketing game.
Our next Mindshare Summit speaker is none other than the CMO of @solomon_labs himself, @PapiChuloGrim! Ex-@MagicEden and @Multichain, with a decade in marketing and years of it spent in the Solana trenches. Don't miss it: luma.com/xi89ghzp
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If you want to learn a little bit about structuring marketing campaigns, I’ll be giving a workshop during the hacker house on the 9th! Will give some tactical info followed with the opportunity to answer questions and help structure your own.
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USDv is uniquely positioned to provide an elevated, safe experience to users looking for a bit of edge on the risk they take naturally every day!
Legacy stablecoin providers have strong moats. Big brands like PayPal and SoFi can buy their way in with massive bankrolls and incentives. Meanwhile, a lot of crypto-native stablecoins sit on the higher-risk end of the spectrum. USDV sits in the safe middle: • Similar reserve profile to USDC • Yield tracks the T-bill rate (~3.5–5%) • No extra smart contract risk Safe yield. No extra risk.
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Stop losing value in your positions
You SHOULD be getting more from your liquidity provision… Papi from Solomon Labs shows how liquidity providers can boost a Raydium LP from 8.5% to over 10% by making the stable leg $USDV “why wouldn’t you or your business want additional upside?”
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Deploying liquidity paired with $USDv is an unlock, a new layer of financial productivity.
Your liquidity can earn more than trading fees. With $USDv, the stable side of your LP position earns ~3.5% annualized while providing liquidity, on top of the trading fees you already collect. Opt in once. No staking, wrapping or lockups.
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ORE will be adding USDv to their reserve and using the rewards generated from it, and what it earns being deployed, to buyback ORE. This is maybe one of the best examples so far of USDv making markets more efficient. No changes to how they interact onchain, just added value.
ORE adopts solana:USDvUSpnhCr9yBgj3UyVrD239HRUv4RsHwH2FxsWuMk as a part of its reserves. USDv lets dollars earn while doing the job they were already there to do. For ORE, that means earning on its reserves while continuing to provide buy side liquidity. More to come with ORE.
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What happened to WAGMI
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As more assets move onchain, they need a solution to attribute and route rewards for productive variations like stocks with dividends. The answer is @solomon_labs. Few.
BREAKING: "I want the stock market to move onchain," SEC Chair Paul Atkins told CNBC.
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Will be in London for 10 days to attend @hackerhouses and @SolanaEvents. If you are on the edge about attending Breakpoint, I would urge you to do what you can to go. Physical events are a cheat code in general. You get more access to tapped-in individuals with whom you can build much deeper relationships. It is a great opportunity to cut through the noise that can tend to overtake the timeline or group chats and get to new ideas, richer context and a generally better understanding of the space, where you fit in it and how many cool things are happening around you. This will be my 5th Breakpoint, and I'm looking forward to new announcements and time with old friends!
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Solana’s next titan is being built in plain sight, and I don’t think most people have caught on yet. The past couple of weeks at @solomon_labs have been pretty incredible. We’ve launched solana:USDvUSpnhCr9yBgj3UyVrD239HRUv4RsHwH2FxsWuMk publicly and started putting real capital and partnerships behind something I’ve been excited about since joining: your dollar should be productive without you having to change how you use it. A quick look at where we stand: • USDv launched on Solana through @sunrise, with $5M+ entering circulation in its first hour. • Three independent security audits are complete, including the latest review by @zenith256. • @Raydium committed an initial $1M of treasury capital and is becoming USDv’s primary liquidity venue, with support for USDv pairs across its markets and launchpads. • @onrefinance has already allocated $1M to USDv as part of the collateral backing ONyc. • @MetaDAOProject will convert up to $2M of treasury USDC into USDv. • @orogoldapp announced GOLD/USDv pools, bringing productive dollars into onchain gold liquidity. For a dollar that only launched publicly last week, that is a hell of a starting point. These announcements are the opening steps in relationships we’re continuing to build. There are deeper ties forming with Raydium, OnRe, Sunrise and our other partners, with a lot more we want to accomplish together. The initial allocations and markets give us somewhere to start, and I’m excited to share more as that work develops. It’s worth understanding why these teams are choosing USDv, because the same benefit applies to your own dollars. Opt in once and eligible USDv balances can earn while remaining liquid and usable across supported wallets, LP positions and integrations. The dollar side of a liquidity pool can earn alongside swap fees. Treasury capital can stay available while producing rewards. You don’t need to stake, wrap or lock your dollars to participate. Teams are already putting millions behind that proposition. I think the appetite for productive assets is going to become much more obvious as people see what this means for the positions they already hold. And that opportunity extends well beyond USDv. The Solomon Platform lets issuers program an asset’s economics and rules, track who is entitled to what as it moves through different contexts, and route those economics where they belong. USDv demonstrates what that can do for dollars. The same infrastructure can support other productive assets, including tokenized stocks with dividends to distribute. The network we’re building around USDv gives us a way to help those assets grow as well. Relationships with liquidity venues, applications and asset issuers can create distribution for future assets using Solomon, giving them access to an ecosystem we’re already working to connect. Seeing that take shape with some of the biggest teams on Solana, this early, is a huge part of why I’m excited about where we’re headed. If you’re holding idle USDC or USDT, take a look at USDv. Swap into USDv, opt in to rewards, and put those dollars to work.
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Imagine buying a coin from Jack fucking Doherty in 2026 💀
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34 trips around the sun today. The 35th is shaping up to be the best yet!
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