in an interest rate uh and and they're they're making it so that um you can essentially get like a fixed rate you know all of the dNUMBER_TOKEN loans you get from compound or ave they're all variable rate and element is changing it so that many of these things can be a fixed rate but that's a big valuation and pretty impressive that they're able to command that another x consensus individual i believe behind this uh super exciting to see yeah we've had them on the show before uh so an old state of the nation if you want to go find out more about element also really pioneering into a brand new governance model which has gotten a lot of praise from people that i really like in this industry like mariana conte we should mention that david and i are investors in the like all three of those protocols actually we believe we believe in them that much um also david polygon they're getting a bitwise invest fund so that is happening bitwise of course is the largest indexing organization i suppose they're they're centralized of course but now they're launching a polygon fund primarily to invest in polygon ecosystem of applications what's happening here basically it's just a wrapper around the matic token and then making it available uh for institutional investors who want to invest in the bitwise fund so i mean there's a ton of hype around matic there's a ton of like growing adoption of matic and so manic token in the same way that ether is a great tool to get exposure to basically everything that happens on ethereum matic is simultaneously a great token to get exposure to everything that happens on matic and now you can get that exposure if you are a uh legacy tradify boomer investor and just want bitwise to do all the hard work for you uh you can so uh there's actually going to be just like it's a great bridge it's better to do that than nothing right the worst thing you could do is just sit out of these markets for sure because uh you know so if you can't do a metamask then do this uh is what i say okay so also some funds david so um the first is variant that's a fund we've been pretty excited about we've had jessie from variant on the podcast before they just launched another NUMBER_TOKEN million dollars fund i think this is either their second maybe their second or their third they've also added some new talent whom we've also had on the podcast lee jin talk about that uh we actually had both of them on the podcast on a panel at the same time talking about the ownership economy also on that panel was cooper turley who was an advisor for the variant fund so now all these three friends are just now running a fund together focusing on building out the creator owner economy uh and so they are have always been bullish on this industry so congratulations the variant fund just becoming an absolute giant galaxy digital interactive is also raising NUMBER_TOKEN million uh as well david and he comments on this another fund aNUMBER_TOKENz you know polychain continues to raise all of multicoin as well like there's so many we we can't even list them all but um everyone is raised all of these funds are raising money and they're
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