First up in InkWorks Cohort 00: @spreads_fi .
The global stock market is $100T +. Most of the world accesses it through brokers, within market hours, with geographic restrictions.
And once you own a stock, you can only speculate on price, no yield, no collateral, no utility.
Spreads is a decentralized trading venue for onchain equities, built on Ink. Stocks and ETFs tradeable by anyone, anywhere, and usable across DeFi.
Launching their tokenised equity terminal on Ink, they came in 2nd place during the xStocks hackathon and have been shipping more DeFi products ever since.
Take STRCx, a tokenized version of Strategy's perpetual preferred share. It pays monthly dividends from a Strategy's 500,000+ BTC treasury.
On Spreads, you can get enhanced exposure to STRC via leverage with Spreads 1-click automated leverage product.
100 trillion of assets, still trading like it's 1999. InkWorks Cohort 00 starts with the team rebuilding that.
Top 10 feelings in crypto:
1. your first 10x
2. finding an old wallet with coins you forgot about
3. when a airdrop hits for something you did years ago and completely forgot about
4. when a normie friend finally texts asking "ok how do I actually buy that coin you've been talking about"
5. seeing old crypto friends who disappeared in the bear suddenly reappear when it’s green again
6. the first time crypto gains let you buy something big in the real world
7. when your coin finally gets listed on a tier 1 exchange (Kraken) and the chart goes parabolic
8. the first time your whole groupchat gets a 10x
9. when your leverage trade is 1% away from liquidation and it suddenly flips green
10. when you send a lot of BTC on the Bitcoin network and it finally lands in the new wallet after you got worried you sent it to the wrong address
What else?
💿 gm Soneium Scorers
Season 8 is complete. If you reached 80+ in Season 8, your NFT badge is available to mint.
Mint now on Soneium Score: portal.soneium.org/en
We’re introducing two stages:
· Stage 1: Score 84–100
· Stage 2: Score 80-83
Both stages offer the identical NFT. The two-stage approach ensures a smooth minting experience.