Discover more from Theia Blockchain — The Monthly Spectacle
Theia joins TokenTerminal podcast
TokenTerminal interviews Felipe and John about Theia's investment thesis, market positioning, and current investment opportunities
Click the links below to listen on Spotify & Youtube:
In this episode of the Fundamentals podcast, we’re joined by John McNiff and Felipe Montealegre, the founders of Theia – a fund focused on data analytics and value investing in blockchain.
We discuss Theia’s founding story, its investment strategy and underwriting engine, what fundamentals mean in crypto, and the main KPIs that Theia is looking for in potential investments. We also learn about the thesis behind Theia’s investments in GMX, Trader Joe, HoudiniSwap, and more. Also, we discuss the current challenges faced by funds in crypto and the most exciting developments in the market!
02:31 Theia’s founding story & overview of the fund
05:30 The problem that Theia solves for investors
07:17 All-DeFi rule at Theia
08:43 Theia’s 3 strategies & how they work with and support portfolio co’s
12:02 The possibilities that come with real-time streaming of data
13:56 What do fundamentals mean in crypto?
15:34 Crypto projects do generate cash flows for tokenholders
17:37 The Theia Underwriting Engine
18:55 The Theia Underwriting Engine: Case GMX
21:33 Open source = composability for both projects and investors
22:57 What does Theia look for in potential investments?
28:04 Investment thesis: Trader Joe
29:15 Investment thesis: gTrade (Gains Network)
30:27 Focus on DeFi and cash flows
32:47 Bottom-up approach to the market
33:56 Challenges that funds face in crypto: Getting reliable data
35:36 Challenges that funds face in crypto: Regulatory overhang
36:34 Challenges that funds face in crypto: Risk management
38:34 What it requires to be a fundamental investor in crypto
39:25 What are John and Felipe most excited about in crypto right now?
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal and Theia may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal or Theia at any time without notice. Token Terminal and Theia accept no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.