Leshka.eth ⛩

GM 🤝 86/100. Looks like my wallet is *smart money*. While looking for early stage projects (I might share a list soon), I've found @Tok_edge . I didn't look much into it, but just followed and let it wait for me to do my research. However, I got tagged by my brother in DeFi, @MeshClans , whom I've seen share his score card and got a bit intrigued...is he "smarter money" than I am? app.tok-edge.com/JYNFBCQE (give it a try and find out if you're smart money or not). Anyway, it didn't take me long to check my own score. 86/100. That's just from one wallet. Speaking of checking your score, you don't have to connect your wallet (or Twitter profile). Just paste the wallet address(es) 🫡 Naturally, I got complimented by the platform (it doesn't happen every day someone calls me "smart") so I decided to go down the rabbit hole and see what Tok-Edge is about. Now, this is where things got spicy. The name doesn't suggest so, but the concept does. Here's what's up [sadly, it's not my port] ⬇️ BlackRock tokenized a T-bill. Franklin Templeton tokenized a money market fund. Tok-Edge is aiming to tokenize something else... getting your money out of a hedge fund, as I found from their website. Yeah, you read that right. Here's why that's actually interesting: Hedge funds don't let you withdraw whenever you feel like it (same applies if you decide to give your monies to the bank so they can pay you a whopping 1.2% APY while inflation eats 3% of your capital every year). They set specific dates: maybe once a month, once a quarter (better than my dating life). On that specific date, you're allowed to cash out. Well, you're allowed to cash out whatever your share of the fund is worth on that date (so yeah, you might be at a loss, and you also have to wait out to cash out whatever is left). On a side note, that process has always been slow, manual, and completely off-chain. And me no likey off-chain stuff. Anyway... I just checked their website and Tok-Edge turns that process into a token (I'm still waiting for contracts of footballers and models from Brazil to be tokenized). Jokes aside, this is actually neat. The whole process goes like this: ⏺️ you toss your money into a hedge fund and receive tokens proportional to your position (in other words: pro rata). When the exit window opens, you need to hold those tokens in order to cash out. No token, no exit. However, these tokens scream composability: ⏺️they are fully tradable from day one. DEXes, CEXes, DeFi protocols. No vesting attached. This means we (and TradFi bros gone DeFi) have something new: a live secondary market for hedge fund withdrawal rights. If it's unclear, see below what can be achieved on my opinion with this new token category: ⏺️ sell your tokens before a withdrawal date if you need liquidity fast (or if you're up nicely and just want to cash out) ⏺️buy them cheap and sell back to investors who urgently need to exit (if you want to be the main arbitrageur) ⏺️ use them as loan collateral (noice) ⏺️ build structured products, vaults, yield strategies on top (even more noice) TL;DR: hedge fund liquidity, programmable on-chain. Still early. No whitepaper live yet, no team publicly named (although rumor has it that TradFi Chads who've managed billions of USD are behind it). But for sure worth giving a shot. Could this become a new DeFi primitive or is it just a clever pitch? Once we get the whitepaper and the get to know the team behind it, we'll have the answer. As of now, it's good to check your score and title. Are you smarter or yes? Again, here's my referral (because you'll need it): app.tok-edge.com/JYNFBCQE Tagging a bunch of people I know are smart, but am wondering if their score is higher than mine: @Eli5defi @_SmokinTed @TheDeFiPlug @platacrypto @crypto_linn @kenodnb @Neoo_Nav @Rightsideonly @CryptoJonesRC @dontbuytops @Defipeniel @thelearningpill @CryptoGideon_ @MetaverseRanger @DAdvisoor @Louround_ @thesaint_ It's ime to reveal the cards.