Hey, your CoinMarketCap truly Aleksei Dolgikh on the line again, this time on the radar ALT3.Capital by Dinar Faskhutdinov | Banana Capital ... first of all let's check latest podcast and after full information from the website with some critique (in table of content click CRITIQUE if you wanna skip latest their pod on Russian that I fastly translated & improved through AI)

Fedor Chmilevfrom Resolv Labs who attract $650 million USD in projects and ALT3 capital $10m AUM founder Dinar Faskhutdinov aka Banana Capital

In a recent episode of the Altrin Inside podcast, two prominent figures in the cryptocurrency and decentralized finance (DeFi) space—Fedor Chmilev, co-founder of Resolv Labs, and Dinar Faskhutdinov, founder of ALT3 Capital (also known as Banana Capital)—shared their insights on stablecoins, investment strategies, and the future of the crypto market. With Resolv Labs raising an impressive $650 million USD in project investments within just two months and ALT3 Capital managing over $10 million in assets, their discussion offers a deep dive into the evolving world of digital finance.

This article explores the key trends they highlighted, particularly around stablecoins, their predictions for the future, and how their respective companies are positioning themselves in this dynamic landscape.

Stablecoins: A Massive Market with Room to Grow

Stablecoins, digital assets pegged to stable fiat currencies like the U.S. dollar, have become a cornerstone of the crypto ecosystem. Fedor Chmilev emphasized their staggering scale, noting that in 2024, stablecoin transaction volume surpassed $15.5 trillion—outpacing the combined volumes of Visa and Mastercard. With a total supply valued at $240 billion, roughly 1% of the U.S. M2 money supply, stablecoins represent a significant yet still nascent market.

Chmilev described stablecoins as a "product-market fit" for crypto, serving as both a stable store of value and a medium of exchange in a volatile environment. However, he acknowledged challenges, particularly around centralization. For instance, he referenced a case where Tether (USDT) froze $23 million on the Garantex exchange due to sanctions, highlighting the risks of centralized control. Despite this, he remains optimistic, stating, "The market is still young, and there’s a lot of room for growth." He envisions stablecoins evolving beyond payments to become foundational assets for derivatives, strategies, and other financial products.

Dinar Faskhutdinov, though less vocal on stablecoins in the transcript, aligns with this view through ALT3 Capital’s focus on DeFi strategies, where stablecoins often play a critical role. Both leaders see regulation as a key factor that will shape stablecoins’ future, potentially unlocking mass adoption by providing clarity and trust.

The Future of Stablecoins: Opportunities and Challenges

Looking ahead, Chmilev predicts significant growth for stablecoins, driven by their utility and the maturation of the crypto market. He believes their adoption will expand as regulation improves, making them more accessible to everyday users and institutional players alike. "Regulation is still not good enough for mass adoption," he noted, suggesting that clearer guidelines could dispel lingering skepticism about crypto’s complexity and risks.

One challenge he highlighted is the balance between centralization and decentralization. While centralized stablecoins like USDT offer stability, they come with risks like token freezes. Resolv Labs, for instance, avoids such mechanisms currently but is prepared to adapt if regulatory requirements demand it. Chmilev stressed the need for transparent criteria around blocking or freezing assets, a process he believes is still evolving.

For the future, both Resolv Labs and ALT3 Capital plan to leverage stablecoins’ growth. Resolv Labs integrates stablecoin-like products into its delta-neutral strategies, aiming to provide low-risk yields, while ALT3 Capital explores Web3 opportunities where stablecoins could enhance DeFi offerings. Their plans hinge on navigating regulatory changes, particularly in the U.S., where stablecoin issuers may soon be required to hold reserves in Treasury bonds—a move that could further legitimize the asset class.

Investment Strategies: Delta-Neutral Innovation

A central theme of the podcast was Resolv Labs’ use of delta-neutral strategies, which Chmilev explained in simple terms: "We hedge price change risks. Part of the position is long, part is short, so price movements cancel each other out." This approach minimizes exposure to crypto’s volatility, offering stable returns for investors. For example, Resolv Labs might stake Ethereum (ETH) to earn yields while shorting it to offset price fluctuations, resulting in an average annual return of 10-14%.

ALT3 Capital employs a similar philosophy, with Faskhutdinov emphasizing quantitative analysis and algorithmic trading to manage assets. His team tests resilience using predictive models like the Monte Carlo method, ensuring stability even in turbulent markets. Both companies target investors seeking moderate risk with consistent gains, a stark contrast to the high-stakes speculation often associated with crypto.

Chmilev shared that Resolv Labs’ success—raising $650 million—stems from this strategy’s appeal to both retail and institutional investors. The company offers two products: a stablecoin-like asset with lower risk and a higher-risk, higher-yield token (RLP), splitting profits roughly 70% and 30%, respectively. This dual-token model, inspired by events like the Silicon Valley Bank collapse, aims to protect stablecoin holders while rewarding risk-takers.

Bitcoin and Ethereum: A Pragmatic Outlook

When asked about Bitcoin (BTC) and Ethereum (ETH) price predictions, Chmilev took a pragmatic stance. "Both assets are still quite volatile," he said, cautioning against over-reliance on them for wealth preservation unless one can tolerate significant risk. He expects long-term growth but avoids specific forecasts, noting, "It’s not that important to me, but I’d wish for $200,000 Bitcoin from a pragmatic perspective—it’d lift the market."

His personal portfolio reflects this balance: a mix of ETH, ecosystem tokens, and Resolv Labs’ products, with a small experimental portion. He values ETH’s utility, using it for transactions despite high gas fees, but remains conservative, avoiding overexposure to any single asset.

Faskhutdinov’s views were less detailed in the transcript, but ALT3 Capital’s focus on diversified DeFi strategies suggests a similar cautious optimism. Both leaders see BTC and ETH as integral to the market’s growth, though their companies prioritize stability over speculative bets.

Resolv Labs and ALT3 Capital: Building Trust and Scale

Resolv Labs: Chmilev’s project has skyrocketed to $650 million in investments since its private beta launch in April, driven by a strong team and partnerships with liquidity providers. The company’s delta-neutral, stablecoin-wrapped product has attracted a mix of crypto-native and traditional investors, with exponential growth since October. Chmilev credits this to market timing—capitalizing on post-election clarity—and a focus on transparency and risk management.

ALT3 Capital: Managing over $10 million, Faskhutdinov’s fund emphasizes Web3 and DeFi, leveraging a team skilled in quantitative analysis. Known as Banana Capital, it maintains a conservative risk profile, appealing to investors seeking steady returns. The fund is expanding into new jurisdictions, aiming to scale its analytical edge globally.

Both companies prioritize security, with Resolv Labs auditing smart contracts and backend systems, and ALT3 Capital using custodians and multi-signature wallets. Their success underscores the demand for reliable, transparent crypto investment options.

ALT3 Capital Podcast Conclusion: A Vision for Crypto’s Future by Fedor Chmilev and Dinar Faskhutdinov

Fedor Chmilev and Dinar Faskhutdinov represent a new breed of crypto innovators, blending DeFi’s transparency with traditional finance’s discipline. Stablecoins, they argue, are poised for explosive growth, fueled by their utility and regulatory evolution. Through delta-neutral strategies, Resolv Labs and ALT3 Capital are carving out a niche for investors seeking stability in a volatile market.

As Chmilev put it, "The market is still young, and there’s a lot of room for growth." With $650 million behind Resolv Labs and ALT3 Capital’s steady ascent, their insights signal a future where crypto matures into a trusted, mainstream asset class—one stablecoin at a time.

CRITIQUE: Overview of Strengths

• Broad Scope: The text covers key aspects of ALT3 Capital, including its fund overview, team composition, partnerships, and community engagement, providing a holistic snapshot of the entity.
• Data-Driven Elements: The inclusion of specific financial metrics, such as assets under management (AUM) exceeding $10 million and 2024 returns of 40% for DeFi and 37% for Growth Cluster strategies, adds a quantitative foundation to the narrative.
• OSINT Utilization: The use of open-source intelligence (OSINT) to construct the analysis is a practical approach, especially given the private nature of the fund, reflecting diligence in research methodology.

CRITIQUE: Weaknesses and Analytical Gaps

• Lack of Economic Depth: The text presents financial data but fails to situate it within a broader economic framework. For instance, there’s no discussion of how Web3 strategies align with macroeconomic trends like interest rates, inflation, or cryptocurrency market cycles, which are critical for a fund operating in DeFi.
• Speculative Team Insights: The analysis of team members, such as Vladislav Aleksandrov “likely oversees operations and strategy,” is overly conjectural. This reliance on assumptions rather than verifiable data undermines the credibility of the team evaluation.
• Redundant Privacy Emphasis: The repeated focus on the team’s privacy (e.g., “public information is limited,” “low profile indicates internal focus”) feels repetitive and adds little analytical value beyond the initial observation.
• Absence of Comparative Context: The text does not benchmark ALT3 Capital against competitors or industry standards, leaving readers without a sense of its relative performance or market positioning.
• Unexplored Partnership Impact: While partnerships with entities like Decubate Ventures and CertiK are listed, their strategic or operational contributions to the fund remain unanalyzed, reducing the discussion to a superficial name-drop.

Detailed CRITIQUE: Section-by-Section Analysis

• Fund Overview and Operations:
  The term “Web3 strategies” is used without clarification, assuming reader familiarity. A concise definition—e.g., investments leveraging blockchain and decentralized technologies—would improve accessibility.
  The AUM of “over $10 million” is stated without context. In the DeFi space, where funds can range from millions to billions, this figure’s significance is unclear. Is it modest or competitive? A comparison to peers would clarify this.
  High expected returns (28–35% for DeFi, 30–40% for Growth Cluster) and 2024 performance (40% and 37%) are impressive but uncritiqued. An economic lens—e.g., assessing risk-adjusted returns using Sharpe ratios or analyzing sustainability amid crypto volatility—would add rigor.
• Team Insights:
  The profiles of team members are thin. For Dinar Faskhutdinov, the founder, his DeFi involvement is noted, but the text doesn’t connect his experience to specific fund outcomes. How does his background shape the 56.20% average annual return cited?
  For others (e.g., Tamaz Tupuria, Vitaly Tarasenko), the lack of detail is acknowledged but not leveraged. A discussion of potential implications—e.g., does privacy signal expertise or opacity?—would enrich the analysis.
• Banana Family Office and Related Entities:
  The obscurity of Banana Family Office is flagged, but its implications are underexplored. Does this low profile affect investor trust or limit the fund’s scalability? A deeper dive would strengthen this section.
  The link between Banana Capital Fund and Banana Family Office is mentioned but not dissected. Are there operational synergies, or could overlapping roles introduce conflicts of interest?
• Partnerships and Community Engagement:
  The list of partners (e.g., BNB Chain, Glassnode) is robust, but their roles are vague. For instance, how does Glassnode’s analytics enhance the Growth Cluster strategy’s Monte Carlo analysis? Specificity would elevate this section.
  The exclusive community is touted as a feature, but its value is unassessed. Is it a genuine differentiator, or a standard tactic in crypto funds? A critical evaluation is needed.
• Key Observations and Insights:
  Terms like “forward-thinking” are subjective and lack substantiation. Objective metrics—e.g., innovation in strategy design or partnership leverage—would ground this claim.
  The OSINT challenges are noted, but no solutions (e.g., proxy indicators like patent filings or conference participation) are proposed, missing an opportunity to push the analysis further.

Suggestions for ALT3 Capital Fund Improvements

• Apply Economic Frameworks: Integrate concepts like efficient market hypothesis or portfolio theory to evaluate the fund’s strategies. For example, analyze whether the DeFi strategy’s 40% return in 2024 reflects market inefficiency or excessive risk.
• Strengthen Team Analysis: Where data is scarce, shift focus to implications. For instance, hypothesize how a privacy-focused team might prioritize proprietary strategies over public accountability, and discuss the trade-offs.
• Contextualize Financials: Benchmark the $10 million AUM against DeFi fund averages and compare the 28–40% expected returns to historical crypto fund performance to highlight ALT3 Capital’s standing.
• Deepen Partnership Analysis: Detail how partnerships drive value—e.g., CertiK’s security audits reducing smart contract risks or DWF Labs’ liquidity support boosting DeFi yields.
• Evaluate the Community: Assess the exclusive community’s effectiveness. Does it deliver actionable insights (e.g., alpha from Glassnode data), or is it primarily a retention tool? Compare it to similar models in the industry.