Seen plenty of business battles in crypto, but honestly, this is the first time seeing one from VCs. First, Delphi openly hyped the pre-deposit vault of @tori_finance, which they led the investment in. Now, Galaxy is copying the playbook, openly hyping the pre-deposit vault of @AxisFDN, which they also led the investment in. Same delta-neutral arbitrage stablecoin positioning. Same $50M vault deposit hard cap. Same early-stage 2x points multiplier. Same formula, same flavor.