Mr Refractor

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@KyleSamani @armaniferrante Future of finance....

@armaniferrante Yes you’re right. I phrased poorly The demand driver for random RWAs on chain is looping

The primary unlock of tokenizing random RWAs is looping

@jvr0x @cosmos Best of luck ser

@HoolieG We are - have dropped you a DM

2026 is going to mint a new class of iconic crypto startups, and we’re ready to invest at the tip of the spear. If you’re cooking in any of these sectors, let’s talk.

More and more believe that RFQs are the way people will trade most volume in crypto. There is a reason TradFi doesn't have public pricing and huge pools of exploitable capital.

@0xphilipp Couldn't agree more - could have been greater than the sum of it's parts but instead everyone operating their own little L1 silos destined to fail.

@MrRefractor That is what happens when everyone continues building their own little islands.

It’s sad to see, but it really does feel like the IBC economy is fading. Teams and builders are leaving, value isn’t clearly accruing to the Hub, and users seem to be drifting away. The “internet of blockchains” has become more like a set of isolated chains—siloed, not collaborating, and far from being greater than the sum of their parts. I still genuinely believe in DeFi, but it’s hard to ignore that time and again, teams are choosing to launch their tokens and products on Ethereum.

@PFC_Validator Any examples? Seems hard given all written with bespoke modules

@MrRefractor Others have used ibc to bridge their app chain to eth.

The spread above the risk free rate for locking funds in smart contacts where you are just getting a yield and not utility feels really wrong still

@crypto_doi @dropdotmoney @Pryzm_Zone Appreciate the shout out!

Yeah, this one was a shame—could’ve been a really exciting launch and pulled in serious TVL with double points. To be fair, Noble’s USDN played out similarly. Two huge chances to do something genuinely unique for the Interchain got fumbled by teams chasing 100% on-chain activity instead of growing TVL and users, and exporting products that could’ve compounded across the network.

@fluffy_trex @gp4719 @pendle_fi @neutron_org @Pryzm_Zone @cosmos Then rest of droplets went to yT holders. Makes sense theoretically speaking. But if the goal was to attract liquidity, the incentives were heavily misaligned

@CCrush89 financial self harm if you don't stake

If you own yPryzm or any Pryzm LP tokens... STAKE 'EM! Otherwise, you're not earning any incentives on it. i.e. Up to 200% for PRYZM/USDC LPs. It's only available for the next 3 months or until the 20M Pryzm allocated is exhausted. You're literally foregoing free tokens and giving them out to stakers. Only 2% of yPryzm holders are staking. Yield LP: 22% Base LP: 8% Pryzm/USDC LP: 3%

@mister_zhukov @AirdropGlideapp @cosmos3407 @Pryzm_Zone You can swap now if you'd like

@AirdropGlideapp @cosmos3407 @Pryzm_Zone Ergo: that's keeping your early backers hostage. They can't swap their airdrop against a reasonable price. @MrRefractor is accusing me of fud, I'm just telling what it is. Of recent launches, only Pump went up, briefly, before crashing. Why is Pryzm different?

It's the last 24 hours to participate in the $PRYZM token launch, and @Pryzm_Zone have dropped some pretty significant Alpha. Anyone who participates in the launch basically gets a free option to purchase discounted (50% off) PRYZM tokens, should the token price double post launch. This option could be pretty valuable. Anyone participating? You can check it out here: app.pryzm.zone/points/pryzm_p… (set your referrer, then check out the Launch page) The easiest way to participate is to just buy PRYZM, with any token, via Skip: go.skip.build Good luck! Disclaimer: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Some Notes on $PRYZM LBP on @Pryzm_Zone with 24 hours left Caveat: The PRYZM LBP is a live, on-chain experiment never before attempted at L1 level making it truly unique from anything I've seen before. We hope this sets a benchmark for Interchain Fair launches. Current stats: $400k bought so far. $380k currently in unexecuted DCA orders. 60mm $PRYZM tokens sold, 40mm available. TL;DR: - Last 12 hours should be very interesting — volatility expected as buyers try to time the bottom in a game of chicken. - Tokens are probably being sold too cheap due to overly aggressive LBP parameters set in stronger market conditions. - Discount vouchers significantly improve the incentive to participate vs. just waiting — adding “free upside” if price moves post-launch. - Large buyers are holding USDC off-chain and waiting to strike without signaling, adding stealth and uncertainty to final dynamics. - The Pryzm LBP ICO auction is live with just over 24 hours remaining. Volatility is expected to increase sharply as the "game of chicken" dynamic nears its conclusion. - The auction uses a steep price curve, which makes tokens cheaper over time. This benefits buyers but reduces the amount raised. Original parameters were set in a stronger market and may now be too aggressive. The team chose to provide excess liquidity, which has led to tokens likely being sold too cheaply. Once the LBP ends, this forced sell pressure ends—and only LBP buyers will hold liquid tokens, with no downward pressure from airdrops, CEX allocations, or market makers. - Large buyers are keeping USDC off-chain to avoid signaling intent, using last-minute transfers or Skip for stealth purchases. - This is a fully interchain launch—participants can buy PRYZM tokens using USDC from any major blockchain in one step. It also supports native DCA (dollar-cost averaging), a first for an LBP, making it one of the fairest interchain launches to date. - Discount vouchers for participants and referrers are incentivizing more people to join and wait. These act like free options that can be monetized if the token performs well post-launch. - No private investors, no presale, and no whitelists. All tokens are distributed publicly, resulting in a genuinely community-driven launch with strong support from early participants. - DCA has been heavily used, allowing buyers to smooth entry and reduce exposure to typical LBP volatility. - Price impact per trade is increasing as the auction nears its end. A 1,000 USDC buy currently moves the price ~0.45%, rising to ~1.1% in the final 24 hours. - The structure has become a strategic waiting game. As price drops, fewer dollars are needed to stabilize it, increasing risk and reward as buyers try to time their entries. - Once the LBP ends, auction-induced downward pressure is gone. The token will have been widely distributed in a fair and open market. - 100 million PRYZM (10% of total supply) is being distributed in this one-off event, emphasizing decentralization and true community ownership. 60mm sold so far, 40mm left.. - Several larger holders have already begun accumulating with low price impact—an opportunity usually reserved for VCs in traditional launches. Some images: Large buyers taking advantage of large liquidity and now more smaller buyers via DCA Leaderboard showing some holders managed to accumulate decent size positions 388k of DCA orders gradually positioned down the orderbook Use this tool to visualise the LBP - gemini.google.com/share/25314399… Check current status at app.pryzm.zone

@iamsage @cosmos @neutron_org Respect the for pivoting though when they'd already invested so much. I think that's a tough decisions. I'm glad we said no to offers/discussions to build on the Hub. Generally very bearish on any general puspose L1. Didn't work for Terra 2, Juno etc...

@mister_zhukov No doubts but for people that understand......

@MrRefractor Let's shout out as loud as we can that everything is working fine. The majority of people will only see the red line crashing down, not understanding what this means. This is how marketing works.

A $PRYZM LBP ICO Update LBP working exactly like it's supposed to and creating a completely Fair Launch for community. - it's stopped bots and snipers from taking supply - there are still 99.9MM $PRYZM tokens in the pool — bots haven’t eaten it all - community can decide when they think the right time to buy is — not bots or snipers - there’s deep liquidity for buyers to accumulate $PRYZM with low price slippage - gradual DCA over the next 6 days is possible — no need to stress about picking the “perfect” entry - no private investors waiting to dump on the community - everything is transparent with no information asymmetry — the pricing curve is set and can’t be changed - smart contracts/modules are audited - the team is active and providing support throughout the LBP Community has the power. Onwards

Appreciate the feedack on the airdrop - we're really happy with how it's gone and how people have been able to opt in and it's generated some great trading opportunities for people who've been active. Re your liquidity point - this is like me asking you to give me some USDC so I can provide liquidity - you can only ever provide liquidity with tokens you have or tokens you buy or borrow. The PRYZM Base pool is only 10% PRYZM so if people do want to provide liquidity to it they only need to buy 10% of the value of their airdrop. They would earn >100% APR if they do. If they would rather not do that they can earn 20% APR now with Pryzm Yield LP

I understand. You've done one of the most well distributed Airdrops in Cosmos history. I'm just trying to wrap my head around who will be buying PRYZM in the LBP? Presumably not the same people who have been airdropped tokens? So I'm trying to work out what current holders (airdrop receivers) should be doing in an ideal situation, who don't want to be buying more PRYZM. Also, imho, flowtrade is not a nice/easy product to use. I appreciate it was needed to combat low liquidity on the Dex, but it shouldn't really be needed here, given this should arguably be the time of peak liquidity for PRYZM? But you're only allowing LBP participants to participate in the liquidity, not any of the airdrop receivers, which I don't think is ideal.

Rewards are live for $PRYZM - prepare to earn up to 200% fixed APR for 3 months. 🔗 app.pryzm.zone/points/pryzm_i…

@BackBoneLabsHub @Pryzm_Zone Appreciate the support

Amazing team Amazing product The future is bright in the #cosmos @Pryzm_Zone

@AirdropGlideapp @0xaimbot @Pryzm_Zone What pool would you like to provide liquidity to and we can get it set up for you and you can be the first LP?

@0xaimbot @Pryzm_Zone Yes, but it'll be the thinnest liquidity of all time. Why not allow those who got the airdrop, to pair it with USDC etc, to provide liquidity? Instead, you need to buy PRYZM first in order to do so.