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Varys Capital

Varys Capital

Global, multi-strategy digital asset fund and market-maker
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Fantom Sonic: The Revival of the Ghost Chain

Since Ethereum’s launch in 2015, every few years, crypto speculators shine a spotlight on new chains dubbed as “ETH killers”, which promise significantly higher performance than Ethereum. These monolithic blockchains are generally marketed as the be-all and end-all of smart contract blockchains integrating consensus, data availability, and transaction execution into a single layer. They claim to handle thousands to hundreds of thousands in transactions per second (TPS), a stark contrast to Ethereum’s base layer throughput of 15 TPS. Today, amid sentiments of a bull market, the Fantom blockchain emerges as a particularly notable example.
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Investing in SteakHut Labs: The DeFi Liquidity Layer

Publisher
Varys Capital
November 15
Uniswap introduced concentrated liquidity in March 2021, bringing new levels of capital efficiency to DeFi and AMMs. Unlike previous AMMs, however, Uniswap v3 pools require some level of market-making to maintain liquidity around active price ticks. Early innovators such as Arrakis Finance made it easy to “set and forget” Uniswap v3 liquidity, but the onset of new concentrated liquidity models introduced a need for additional market-making infrastructure, such as SteakHut Liquidity.
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Restaking and Liquid Restaked Tokens

Publisher
Varys Capital
November 02
The crypto space innovates at a rapid pace, and one of the latest developments creating buzz is the concept of "restaking" and its companion, "Liquid Restaked Tokens” (LRTs), poised to redefine the landscape of crypto staking. This article explores the restaking mechanism, the current players in LRT, and EigenLayer—a restaking protocol at the forefront of this new staking derivatives movement. New entrants into the LRT space include Stader Labs, InceptionLRT (formerly InceptionLST), and Astrid Finance, leveraging EigenLayer's capabilities to unlock trapped liquidity and enabling stakers to extend security of their staked ETH to multiple applications (i.e. bridges, oracle networks, keeper networks, sidechains) but with some notable drawbacks.
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Consumer Crypto Apps Are Finally Here, Almost

Publisher
Varys Capital
October 20
Crypto’s volatility and price driven nature often distract from the technology’s consumer adoption. Varys Capital explores Web3 gaming, its challenges, and why it is likely to bring the first mass wave of consumers into crypto
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Investing in Movement Labs: Next-Gen dApp Infrastructure

Publisher
Varys Capital
September 13
Varys Capital is excited to partner with Movement Labs and serve as the lead investor in its pre-seed funding round alongside esteemed backers such as Borderless Capital, Blizzard, Colony, dao5, 32-Bit Ventures, Interop Ventures, Elixir Capital, Serafund, Taureon, Benqi, AlphaCrypto, Merkle Tree Capital, Proof Capital, Phoenix, Silvermine Capital, and Token Metrics. The raise is also supported by top industry angels such as Eigenlayer’s Calvin Liu, Berachain’s Smokey The Bera, Avail’s Anurag Arjun, GMX’s CoinFlipCanada, 4RC’s Nomatic, DeFi Dad, and the cofounders of Ankr.