Ownership S1E3: Kru (Umbra)
In this episode of Ownership, 8bitpenis sits down with Kru, founder of Umbra, to unpack a different approach to building in DeFi.
We explore how Umbra launched, the decision to go through MetaDAO, and what it means to rethink capital formation in crypto after the ICO era collapsed.
Kru shares his journey from early crypto cycles to building Omnipair, why traditional fundraising models feel broken, and how $UMBRA fits into a new ownership-first framework.
This conversation covers: • Why ICOs failed• Launching through MetaDAO• The psychology of fundraising in crypto• Building on Solana• Token alignment vs speculation• Lessons from early web3 cycles• Why ownership structures matter
Ownership is a podcast about capital formation in crypto and beyond.
Follow on X: Host — https://x.com/8bitpenis Kru - https://x.com/kru_tweets Produced by — https://x.com/BlockformerLLC Follow for deeper conversations on governance, ownership, and the future of DeFi.
Ownership S1E3: Kru (Umbra)
More from Ownership
Ownership Podcast S2 E04: Marc Ryan (Spout Finance)
Marc Ryan, co-founder of Spout Finance, on how pairing covered calls with lending can give tokenised stock holders interest-free leverage. We cover how Spout uses options on borrower collateral to pay lenders, creating 0% loans with a cost of capital 10 to 20 times cheaper than competing platforms. Plus covered-call tail risk, token wrappers versus native issuance, why Spout scrapped its own issuance to become a permissionless DeFi layer, the $2M raise, moving options onchain, regulatory clarity, and why Marc believes all public equities will be tokenised within five to 10 years. Guest: Marc Ryan, Spout Finance Host: 8bitpenis
Ownership Podcast S2 E03: Lili (over.computer)
Lili, co-founder of Over.computer, on why prop firms profit when traders fail and how Over lets traders own the house. We cover how prop challenges actually work, FTMO’s $850M year, why payouts come from traders who lost before you, and why the next 1,000x in trading could come from incentive design rather than leverage. Plus tokenised stocks and crypto perps, rising payout caps, prediction markets, OIP-1, why Over.computer is launching on Solana and MetaDAO, and agentic trading as the biggest risk to the prop industry. Guest: Lili, Over.computer Host: 8bitpenis
Ownership Podcast S2 E02: Kirat (The Inner Table)
Kirat, founder of The Inner Table, on how India’s shifting poker laws have opened a blue ocean for offline studios and why creator-led distribution could be the winning edge. We cover his journey from Goldman and Gather Town to Superteam and Backpack, leaving crypto to build a 600K-subscriber coding channel, and why he is now opening a livestream-first poker studio in Delhi NCR. Plus the economics of a 5% rake, how 100 daily players could generate a $200K monthly topline, why normies attract the best players, raising $100K on Backable, regulation as the biggest risk, and potential token holder perks including zero rake and weekly freerolls. Guest: Kirat, The Inner Table Host: 8bitpenis