Investment Thesis
Infrastructure, DeFi, and crypto gaming. Clear thinking and good writing.
What Excites Them
Clear theses, novel infrastructure, crypto gaming with real economies
What They Pass On
Muddled thinking, projects without clear reason to exist
How to Pitch
Haseeb values clear thinking. Articulate your thesis clearly.
Key Frameworks
DeFi Composability Stack
Mapping how DeFi primitives compose into complex financial products through permissionless integration.
Decentralization Spectrum
Framework for evaluating how much decentralization different applications actually need.
The L1 Competition Framework
L1s compete on developer experience, ecosystem grants, and cultural momentum
Notable Writing
How to compare Layer 2 solutions across multiple dimensions
The next crypto winners will be vertically integrated app-chains, not general purpose L1s.
Despite the bear market, crypto fundamentals keep improving
Dragonfly investment framework and market views
The case for crypto gaming beyond play-to-earn
Most crypto protocols don't have sustainable revenue — token emissions mask the economics.
DeFi composability makes Ethereum practically impossible to fork because of dependent state.
AMMs succeeded because they solved the cold start problem for on-chain liquidity.
Most crypto applications don't actually need maximal decentralization to deliver value.
Podcast Appearances
Key Quotes
“Most crypto protocols don't need maximal decentralization to deliver value.”
— Dragonfly blog
“AMMs succeeded because they solved the cold start problem for liquidity.”
— Dragonfly Research
“The best way to predict the future of crypto is to understand its past. Every cycle rhymes.”
— Blog
“Every L1 season is a competition of developer experience. The chain that attracts the best builders will win.”
— The Chopping Block
Background
Managing Partner at Dragonfly. Previously at Metastable Capital. Former professional poker player.