Diamond

Diamond's new multi-asset basket for $DMND holders just went live with all new memes, utilities and stocks! Diamond holders were just airdropped the following basket: Memes: - $CASHCAT (11%) - $TENDIES (8%) - $FOX (4%) - $IF (3%) Utilities: - $INDEX (9%) - $FLETCH (14%) - $STONKBROKER (5%) - $WIRE (8%) - $VISTA (9%) - $PONS (12%) RWAs/stocks: - $NVDA (6%) - $SNDK (6%) - $SPCX (5%) Diamonds modular multi-asset basket is perpetually being rebalanced and remade for maximum exposure to prevalent narratives in memes, utilities and equities to ensure Diamond holders have maximum upside— no more worrying about constantly having a pulse on the market to ensure you're aligned with the current narrative, Diamond covers it for you!

We are seeing the birth of a HUGE narrative: RWAfi I believe Vlad's tweet below and his willingness to engage with the community send a clear signal to everyone. RWAfi is coming. He encouraged builders to build products that interact with tokenized stocks. Whether by rewards, defi integration, or by other means. This enables retail investors to bring their portfolios into crypto while staying attached to safe assets they know on the TradFi side. Because tokenized stocks are composable with DeFi, this creates a brand new onboarding element for retail in a way that doesn't feel like a scam. The most trusted retail brand is bringing this new opportunity to them. Alluring. Eventually, these primitives could even be used by agents. Vlad following $INDEX already sends a clear signal that he is paying attention. The question is: Is he just following accounts? Or is he actually going to support these builders in a real way? Does the passing of the Clarity Act affect any of this? RWAfi ties the equities market to crypto. Volume on tokenized stocks are already explosive. Imagine when its connected to further components that boost yield/returns. That is a brand new adoption pathway for retail from a brand they trust. With 28M+ users, this presents HUGE upside for the sector. And it just came into existence. The new face of DeFi is here. Send ETH. Send RWAfi.

I think it would be worth keeping an eye on projects on Flap that combine memes with RWAs and stocks. Personally, among all the platforms out there, Flap may be the one that has been preparing for and building in this direction for the longest time. If Robinhood’s CEO or Adam Fern ever follows or directly mentions Flap, I believe that could become a major catalyst. It may also be worth watching for fresh and creative concepts that combine memes with RWAs, even if they are not tied to any existing token yet. I think opportunities like that could lead to some interesting results.

Why not both?

The EIP-7702 wallet bug has been patched and EIP-7702 wallet holders will now be whitelisted past the engine's internal security system— all wallets after epoch 5 will now receive the mixed-asset baskets! Please note as well that Diamond's engine consistently rebalances and reallocates the primary basket meaning that, if a better opportunity is discovered (whether a RWA, meme or utility), some existing assets may be pushed out of the airdropped basket for the new opportunities. This is by design and is to ensure that Diamond's mixed-asset baskets ensure perpetual exposure to top-performing narratives, tokens and assets.

Some users with EIP-7702 wallets have been incorrectly flagged by the Diamond engine as a contract and have been getting excluded as an inherent part of the engine's security system (excluding pools, contracts, and dust wallets). We're incredibly sorry! We're adding edge-case rectification for this wallet specification to bypass the engine's distribution gating and will get the fix rolled out immediately. All other holders (excluding EIP-7702 wallets) are receiving the Diamond mixed-asset baskets as intended and will soon be joined by the edge-case EIP-7702 wallets as well!