Sid Powell 🥞
@syrupsid
CEO & Co-Founder @maplefinance 🥞
Joined March 2017
1.7K Following 10.1K Followers
Robinhood Chain went live a week ago. $140M TVL already, close to $100m of this is seeking yield.
@maplefinance is inside that stack generating the yield available to 28m Robinhood users.
Good thread from @sandmark_news breaking it down.
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1/ @RobinhoodCrypto is emerging as a new distribution battleground for DeFi.
Within a week of Robinhood Chain going live, Uniswap's AMM, Arcus, Lighter and Rialto had all joined the network, with TVL reaching ~$75mn (DeFiLlama), most held in Morpho's lending protocol.
Maple's Sid Powell sees Robinhood's 28mn users as retail distribution.
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