X @Andre Cronje

FT raise mental model.FT has had some big headlines;- $200m seed- $25m follow-on- $55m Impossible- $10m CoinListBut, this isn't actually money raised. In traditional finance terms, this is the equivalent of raising money, putting that all in tbills, and using only the interest to cover opex. The capital remains untouched. And this is what allows investors their anytime "refund" option.The beauty of decentralized finance and smart contracts, is that we can do this within smart contract guarantees, onchain, n ...