Another extraction @blknoiz06’s timeline missed, and this one came with a $3M pre-seed and a leadership profile. @DigitsDao wound down its fund on a muted Discord channel. The sister shop, Nave Finance (also wound down on a muted discord and deleted twitter), raised a $3M strategic pre-seed from the angel roster on the right of the picture. In July 2024 its director sat for a contributor piece titled “Critical Leadership Skills To Accelerate Trust As A New Asset Class”. He is now a Discord screenshot. Same weekend, same shape on @berachain: @puffpaw’s $VAPE printed a $400M FDV on a pool seeded with 20K USDC, the print that settles the @Polymarket FDV market, with @SmokeyTheBera saying in public that investors were ghosted for months. Look at the two cap tables. A Digits Capital is on @puffpaw’s $6M seed graphic (@Lemniscap lead). @0xbeartic and @CBB0FE are on both. Nobody asked who audits an on-chain hedge fund. The answer is the chain, every epoch, in public. D2 Finance has done that on @HyperliquidX with no VC money since Dec 2023: 34 of 34 months positive, +216% net, almost $3M paid out to users, every epoch returned on chain before the next one opens. Viperr @viperr, you were bullied into holding. The receipt for the other side of that trade is the chart. This is the extraction model: raise from friends, “publish trust”, wind down in the dark. @ChairmanSelig pls regulate the space!