Monica Quaintance

Trying out the new @DeltaV_xyz interface!

THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

Just made 232.70% APR premium on HYPE using @hypersurfaceX Check out yields and get in on the action here: app.hypersurface.io/earn/hyperevm/…

@AriannaSimpson Congratulations!! Still one of the best investors I've ever had. It was an honor to try to change the world with you and I can't wait to see all the amazing projects you help come alive. ❤️

Some news! After 6 incredible years, I’m going to be transitioning out of a16z. I’m starting a fund of my own to do what I love most, which is investing in great founders as early as I can find them, with a broader aperture across the many verticals where great companies are being built today. I learned a huge amount during my time at a16z. @cdixon is widely known as a legendary investor and having the opportunity to work closely with him for the past 6 years has been an honor. I am extremely grateful for his mentorship, the opportunities he gave me here, and for the capital and responsibilities he entrusted me with. His frameworks will shape how I think about investments for the rest of my career. When I joined, the crypto vertical was 7 people (it’s now north of 80), and the firm, while already successful, was nowhere near the scale or scope it has today. At the time I thought the firm’s moves to dominate the industry had mostly unfolded, but I underestimated how much the lead could widen in a few short years. @bhorowitz and @pmarca have built an institution, and I am glad to have had the chance to play a small role on the team. I’m sure I’ll be looking back 6 years from now and see the firm in a position  that’s  hard to even imagine from today’s vantage point. Most of the best people I’ve worked with in my career to date have been at a16z – there are too many to name. I’m very grateful to have worked with so many incredible folks here, and I know that I am leaving the crypto team and the investing practice in extremely capable hands with @cdixon, @alive_eth, and @guywuolletjr. I’m also really going to miss working with @jasonrothenal and @eddylazzarin every day in Menlo Park — I’ve learned so much from both of them. I’m very proud of the work I did here, and most importantly, of the founders I had the privilege of working with. They are the reason why I love being an investor. Sometimes it takes dozens of meetings, but every time you find a star, it makes you fall in love with the job all over again. a16z’s passion for and commitment to founders and their companies is what made me love this job in particular. I’m excited to keep doing that in my next chapter — and if you’re building, I’d love to meet!

@jessepollak congratulations! totally agreed on the DeFi first approach, I'm excited for @hypersurfaceX to be part of the Base finance revolution

Tl;dr: We’re focusing the Base app to be trading-first to drive demand and distribution for every asset and to be the best app for whatever you do in the onchain economy. Since announcing the Base app in July, hundreds of thousands of you have used the app to create, trade, save, spend, and build. Seeing the adoption has been incredible. We've also heard clear feedback about what's landing and isn't. Three themes stand out: - The app felt overly focused on social. It came across as too close to web2, and didn’t show support for the full breadth of assets that people want to trade. - Everyone wants more high quality assets. In general there is a desire to engage with and trade high quality assets. This is the most important opportunity as we bring capital markets onchain. - The feed needs to surface everything: Having a feed of what's happening onchain is a good idea, but it needs to surface apps, stocks, predictions, and every asset class (with social tokens are just one of many). In a world where everything is tokenized and tradeable, the single most valuable thing we can do is drive demand and distribution to everyone. That’s exactly what the Base app is going to do. We’re going to make the Base app the best place to trade and use every asset. Concretely this means: 1. We’re going to build for trading first. Having trading as our primary focus will help us bring demand and capital for all rapidly growing asset classes in the economy. 2. We’re going to bring more high quality assets onchain. To best serve the trading use case, we’re going to make it so everything is tradable in the app — protocols, apps, stocks, predictions, memes, and yes creators too. We’re going to lean into a finance-first UX. We be 3. We’re going to lean into a finance-first UX. We believe it makes more sense to layer social features on top of finance, than the other way around. This means we'll continue to experiment with features like copy-trading, feed-trading, and leaderboards. This is going to be hugely additive to the Base economy because it's going to drive more capital and users to every asset and app. Base app will be the best self-custodial wallet to trade and use every asset, globally accessible, with fast, simple onboarding for everyone, everywhere. Base chain will continue to be the best chain to build anything, now supercharged with even more distribution. We’re building this together, in the open, and seeing how people use the app keeps teaching us what matters most. Thank you for the continued feedback. Stay based.

@bytheophana This is how it starts! Are you using @hypersurfaceX now??

the best thing i've done since quitting work is take a 3-day options trading class it's blowing my mind, bc i DO understand it, i'm NOT a trading idiot & i CAN get better at anything w/ enough time CAN'T BELIEVE I DIDN'T DO THIS SOONER fuck i need to write a blog about this rn

What you create is an honest reflection of who you are.

$KNTQ at $0.0776 Covered call ($0.080): 164% APR Cash-secured put ($0.075): 176% APR @hypersurfaceX turns crypto volatility into yield. app.hypersurface.io/earn/hyperevm/…

We want to connect with more of the BUIDLers in our community. Engage with this post if you need a follow 🙌

I definitely want to pitch @HypersurfaceX ! We're live on @base and currently serving up hot fresh APRs on Base-native assets, including 105% on ZORA, 172% on AVNT, and 166% on USDC.

friendship is too expensive in new york. i analyzed my spend in ny vs puerto rico for last 4 mo (ty @zocomputer) i spend $44 per day in PR vs $57 in NY (+30%) in ny, i spend 6x more on restaurants and 2x on ubers (despite vigilantly taking the mta) i sometimes feel like i have to spend a lot of $ with my friends to validate our friendship. most of the time when people wanna hang out, they wanna eat or drink. people's homes are too small, so we have to go out. so then 1 of us finds a place. this is the part that is always tricky, because you have to find a nice place. how's the lighting / ambience? how are the ratings? the restaurant becomes a reflection of you and you have to do this song / dance to show you have good taste. and then boom it's $100 pp at minimum. if you don't wanna do a restaurant then you do a cafe. but then you end up spending like $35 at a cafe for a pastry made with bleached flour and 50 g of sugar. i always pay my share and don't expect people to buy me meals. i also think it's very negative aura to whip out the calculator so i usually try to be generous and pay even more than what i owe in group settings. but i do think culturally it is sad that friendship is both a social and economic exchange in ny, which genuinely limits the types of people you get to meet (because you're in a bubble stratified by restaurant price points). i should be able to have good friends without feeling i have to spend so much money, and i know this is possible because i have friends in puerto rico. when i'm in puerto rico, there's a cap on how much you can actually spend. hiking and going to the beach are free. people's houses are bigger. it's easy to go over to someone's place and lounge on their couch. and even the priciest restaurants usually don't go over $100 pp. tl;dr next time i go to ny, we are going to central park, a free museum, or i am just going to invite myself to your home with something i cooked.

For Day 3 of @EFDevcon, Base Batches teams kept the booth buzzing with nonstop demos from morning to close

Base is ready to help you grow in LATAM @carlosjmelgar

@Mostafa_Trades @hypersurfaceX @HyperliquidX If you're in Buenos Aires I'll be at the main conference tomorrow. Let's chat!

Take this with a pinch of salt. I have still not looked into how trust worthy they are. But what @hypersurfaceX and @QuaintM just did with covered calls and cash secured puts on @HyperliquidX is sick. Imagine getting paid a premium for selling a put on BTC at 85K. Worst case you buy BTC at 85k. Can't wait until someone comes up with a way to trade these options on @HyperliquidX core. @hypersurfaceX if anyone from the team wants to reach out I would love to learn more about what you are building.

Huge thank you to @jessepollak and the whole @base ecosystem team for all the events at @EFDevcon this week ❤️ We're so excited to bring volatility income products to everyone launching and investing in tokens on Base with @hypersurfaceX

We're proud to announce that our CTO, @andreianisimov, will be speaking at Vault Summit tomorrow, Tuesday the 18th. This conference is dedicated to vaults, automation, and on-chain yield strategies. Hypersurface is also an official sponsor of the @Vault__Summit event, continuing our mission to advance the conversation around Volatility Yield and how it powers the next generation of DeFi income. Builders, traders, and innovators, we hope to see you at the summit! 🏄‍♂️

On the way to @base Batches Demo Day! Ready to tell the world about @hypersurfaceX and how you can make volatility income on Base.... x.com/base/status/19…

@hypersurfaceX @Hope_ology "trenches are cooked" true alpha 😂😂😂