
Lea Thompson
22.3K posts

Lea Thompson
@LeaT_Design
Designer by day, Explorer by night



> be me > young anon w newly minted CS degree > come of age during occupy wall street > banks are obviously parasites > the system is obviously captured > we are the 99% > we need bottoms up p2p coordination > occupy piddles out > we need foundations for lasting change > we need to be idealist but also pragmatist > learn about bitcoin > learn about etheriem > this could be it > hope.gif > MFW lets disrupt the intermediaries > MFW we can empower the 99% for real > get into crypto bc banks are parasites > tell my mates, let’s go Bankless ! > 8 years of toil > 8 years of chaos > 8 years of fun > dust settles > 8 years later we’re all selling tech to banks > 8 years later all the podcast eps are bankers > 8 years later all the funding is from banks > was it all just a LARP? > infighting.png > despair.gif > MFW we lost the plot again > MFW were enabling the intermediaries > MFW were building tech for the 1% > MFW lost in the dark again






We're introducing Claude for Teachers: free access to premium Claude capabilities for verified K-12 educators in the US, with a library of teaching skills and a direct connection to evidence-based curricula, mapped to academic standards in all 50 states. claude.com/solutions/teac…





W 🥶 W CLAY Hackathon 2 had over 60 entries and some incredible submissions. It was hard to choose winners but we see a lot of potential in our top 3: 🥇 WalTube by @0xnecokizz 🥈 SAM by @iamknownasfesal 🥉 Yeti Wells by @_OoJae Congrats to the winners! We also had some other projects we loved ⤵️ Honorable Mentions: - Wellspring by @solution_o1 - Talos by @Knightinga86439 - Orafi by @mercichidi - Cairn by @dreyethh - Talk2Yeti by @t0mcr0wn - Refyn by @DomainGenius2 Lofi is proud to be supporting builders on @SuiNetwork! A BIG thank you to our Hackathon partners @AlphaCity_AI who helped to review projects with us 🤝 Our next move is one is coming soon... stay tuned and turn on notifications 🔔



Robinhood built a chain to trade stocks. Two weeks after launch we mapped where the money on it actually settles, contract by contract, and the interesting part is not the $5b+ casino on top. The chain itself earned almost nothing. 62.8 million transactions since genesis generated ~480 ETH, ~$860K in total gas, with the average fee at three cents on the busiest day in its history. Of the net revenue left after settlement costs, 10% goes to the Arbitrum ecosystem through the license. Gas is not the business model here. Bridges will tell you even less. Measured inflows since genesis: ~$80m, close to 90% of it ETH, capital coming into the chain for memecoins. Yet Robinhood Earn alone holds ~$128m worth of USDG. The difference is native minting: Paxos mints USDG directly on the chain, so the main capital inflow channel never crosses bridges. USDG shares most of its reserve income with the platforms distributing it, and at current t-bill rates a $120m pool earns roughly $4.6m annually. Lifetime gas revenues are ~$860K and it needed a 10 million transaction day to get there. It mean reverts with the casino. The float accrues no matter if anyone trades, bypassing the Arbitrum split completely. The same shape we've seen in our x402 breakdown. Stocks are a ~$15m market vs $5b of memecoin churning, and still the most interesting part, because most of that volume settles on Rialto and Arcus, which a standard dex dataset won't see. Tracked on a per-contract basis: Arcus became the leader among venues within days of its first on-chain trading, and the largest day of stocks trading was a Saturday, with NYSE closed. Count router swaps without stock registry checks and the stock volume comes out roughly 3x too big, which is how raw this market still is. What we'll watch going forward: stock share recovery from the surge lows, whether Arcus holds the lead, USDG pool growth, and the big question, how many of ~28m app customers will ever show up on this chain. Full breakdown: dune.com/ax1research/ro…






CPI tomorrow Too many people are talking about it for it to be something that catalyzes immediate downside follow-through imo Perhaps today’s candle was 06/03 and we pop tomorrow, the big question is if the market will be correct in pricing a subsequent dovish shift from Warsh off that… maybe not, which could lead to the follow-through shown on the following days Just super ltf thoughts, currently have some overnight long positions to hedge this scenario, would like to think at minimum see daily trend on NDX tested from here Really just interested in adding to my SPY put position on any pops from here (staying consistent in my view that the purple box is for selling rips)




























