User:Gruntxyz/sandbox

Jai Bhavnani
Jai Bhavnani (born October 24, 2001) is an American investor and CEO of Waymont.

Jai Bhavnani made his first acquisition at the age of 16. Bhavnani became involved with cryptocurrency in high school and started his mobile app, Ambo. In 2020, Rari Capital reached over $1.5B under Bhavnani’s management. Rari Capital then participated in the first ever multi-billion dollar DAO merger with Fei Protocol to create the Tribe DAO. Bhavnani stepped back when the merge was finalized and left Rari Capital in 2021.

When Bhavnani stepped back, he focused on to build a venture-style research lab, Pentagon. At Pentagon, Bhavnani came up with the idea for Waymont for which he is now the CEO.

Early life and Education
Jai started playing Minecraft in 4th grade and created a Minecraft mod called Magical Wizards which had a bunch of downloads.

He then started making apps and games like Oblivious .

Jai began college for the Arts, Technology and the Business of Innovation cohort at the Iovine and Young Academy at the University of Southern California in 2020.

Career
Bhavnani started freelancing his services and created websites. He also worked for the cookie company, Oreo. Bhavnani also had a gig working for Sean Parker's Screening Room, on the mobile app.

2018 - 2019: Ambo
Jai discovered cryptocurrencies and created an easy way to interact with the new generation of finance called Ambo, a way to easily invest in digital assets. As the CEO, he grew the company and then sold Ambo to a company called MyCrypto after a year. After selling it, he worked at MyCrypto as the VP of Strategy, leading ventures into DeFi.

Jai also briefly worked at Dormzi, perfecting strategies relating to onboarding Gen-Z users.

2020 - 2022: Rari Capital
In 2020, he co-founded a fund called Rari Capital together with a series of high school friends where he was the appointed CEO.

Bhavnani came up with the idea for Fuse, a protocol that supports isolated interest rate pools. Fuse allows pool creators to spin up customized, isolated pools for lending and borrowing assets of their choice enabling anyone anywhere to borrow and lend any assets which did not require credit scores and became a revolutionary system. Rari Capital managed over $1.5B between Fuse and their yield aggregator product. They also donated 50% of their profits to charity which made a positive change in the world during the Coronavirus pandemic and the global economic crisis.

Rari then participated in the first ever multi-billion dollar DAO merger with the Fei Protocol to create the Tribe DAO. Bhavnani stepped back when the merge was finalized and left Rari Capital in 2021.

After the merger, Bhavnani set out on his latest adventure, Pentagon.

2022 - Present: Waymont
In November 2022, Waymont was born and is currently building or audit to hold its first closed-beta stage in early January 2023.

Investments

 * Layer3


 * Morpho


 * Goldsky


 * Matrix


 * Friktion


 * Llama


 * OlympusDAO


 * zkSync


 * Sense Finance