Introduction

Recap of the Telegram AMA with Minterest CEO, Kyn Chaturvedi

On Friday, Oct. 10th (2025), we had the pleasure of hosting another AMA session on Telegram with Minterest's CEO. During the session, Kyn shared insights into Minterest's latest developments, future plans, and answered community questions covering a wide range of topics and concerns.

We'll recap here the full conversation so it's easily accessible or shareable.

Find Minterest's online community on Telegram & Discord.

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Host 🎙️ Hey everyone, it has been quite some time since we last gave a full update.

We will mute the chat during the AMA and open it for questions at the end.

We know many of you have been asking where things stand and why leadership has been quieter since the Product Market Fit (PMF) post in March.

During this period the team has explored partnerships, tested different approaches, and developed pilots. Some were experimental and others under confidentiality, so we could not share them publicly.

Today’s AMA with CEO Kyn will walk through what has been happening behind the scenes, what has changed, and where we go from here…

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Kyn 👤 Hey community. It has been a while since we last connected in this channel. To make up for that time, this AMA will be longer as there is a lot to cover, including your questions.

I want to take a moment to revisit some of the history of the Minterest project to ground us before discussing current events.

When the original Minterest entity (Minterest Labs) went bankrupt in 2023, several core contributors were adamant to see the project continue.

The team found a way to restructure, refinance, and acquire the protocol’s core assets to continue building, albeit with a much smaller team and at a fraction of the former company’s budget.

We knew it would be an uphill battle given the financial and reputational challenges, but we believed in the product and that the people who supported it deserved a chance.

Even under those constraints, we deployed across multiple chains, secured ecosystem grants and performance rewards, built NFT traction, and reached a TVL peak above 16 million. That was possible thanks to partners and community members who continue to use the protocol to this day.

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Host 🎙️ Yup, it was an exciting period for everyone on the team and momentum stayed strong through mid 2024 until the security breach

The incident drained liquidity, impacted confidence, and created a major financial hit that nearly shut us down.....

We did managed to onboard a new strategic investor, which stabilised operations and gave the protocol a chance to keep going. While we cannot name them, I know everyone on the team is grateful for their support!

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Kyn 👤 Yeah. That was an incredibly stressful period for everyone.

Even with that investment we spent months restructuring both operations and strategy.

We realised that launching right after the breach without rebuilding stable liquidity would likely have led to a weak debut and short momentum. It would also have split focus between protocol and token while we were still fragile.

At the same time the DeFi lending landscape was changing rapidly. Liquidity was becoming increasingly mercenary, costly and concentrating around a few dominant players.

Even with new chain deployments, retail marketing, integrations, and liquidity agreements, TVL returns were diminishing across the board. This was unfortunate to observe, but not unique to Minterest.

So earlier this year we chose to focus on finding product market fit.

The aim is self sustainability by addressing gaps that actually attract durable liquidity.

Self sustainability means the protocol can generate consistent fees to cover operating costs. That is why we set 50 million TVL as a key milestone.