In this episode of Deeply Intents I chat with Ceteris, Head of Research at Delphi. We start by discussing Ceteris' beginnings on crypto twitter, then dig into 4 year cycles—are they still real? From there we cover metas, onboarding, privacy, capital formation, and infrastructure. We also explore why Solana has performed well "this cycle," including social factors and upcoming upgrades. Later we get into prediction markets, hyperfinancialization, and investing. We wrap up with Ceteris sharing his best advice for surviving this game long term. 

Timestamps

(00:00 ) - Welcome to CT
(07:22 ) - Unique perspectives on infrastructure
(13:48 ) - Do cycles still exist?
(17:59 ) - Few assets do well
(23:28 ) - DeFi summer cycle was different
(28:02 ) - Early in a new meta
(29:47 ) - Onboarding into crypto
(33:43 ) - Privacy as a king maker
(37:19 ) - Capital formation use case
(42:24 ) - Too much of the wrong infra
(47:08 ) - New things take time to build
(49:43 ) - Rollup specialization
(51:16 ) - Why build on Solana?
(53:32 ) - RWA issuance is a weird narrative
(57:05 ) - Prop AMMs, BAM, ACE, MCP, Firedancer
(1:00:53 ) - You eat what you kill
(1:04:19 ) - Prediction markets and sports betting
(1:09:38 ) - The whole world is becoming financialized
(1:13:00 ) - Investing in bid ideas
(1:19:07 ) - How to survive? Don't blow up!
(1:26:12 ) - Try things out
(1:27:38 ) - Shitposting on CT

Disclaimer
Nothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.