Omer Babaoglu

An actual use case with real distributions. Offchain economies bringing in onchain yield on @base . 💪🫡🚢

In the age of AI, the reader struggles because the writer doesn't have to.

Tokenized assets need a lot more than just simple infrastructure. On/off ramps, OTC flows, and liquidity systems all need to work properly. Because if one part fails, the entire operation can break apart. That’s one of the reasons we’ve been working with @fuzefinance on the infrastructure and OTC side since day one. This partnership helps us to maintain the operations we need as we expand into more assets. fractalized.io --- Disclaimer: Fractalized Tokenization Labs Ltd. does not offer or intend to offer its vessel token products to persons in the U.S. or the U.K. All communications are for informational purposes only and do not constitute an offer or solicitation in any jurisdiction where such activity is unlawful or restricted.

@barankayhan Tim Apple 😂

🔥🍎

@RnaudBertrand Kagan and Kristol have been critical of this administration's brand of Republicanism for a while.

There’s no overstating how extraordinary this Atlantic article is, given the author and the outlet. As a reminder Bob Kagan is: - The co-founder of Project for the New American Century, probably the single most imperialist Think Tank in Washington (which is quite a feat) - A man who spent his entire life advocating for American military interventions, especially in the Middle East, and a vocal advocate of the Iraq war. He started advocating for intervention in Iraq before 9/11, which speaks for itself... - The husband of Victoria Nuland, an extremely hawkish former senior U.S. official (a key architect of U.S. policy in Ukraine, with the consequences we all witness today) - The brother of Frederick Kagan, one of the key architects of the Iraq surge In other words, we ain’t exactly looking at some sort of anti-imperialist peacenik. This is quite literally the guy Dick Cheney called when he needed a pep talk. And the man is writing in The Atlantic, the most reliably pro-war mainstream media outlet in the U.S. (also quite a feat). So when HE writes that the U.S. “suffered a total defeat” in Iran that has no precedent in U.S. history and can “neither be repaired nor ignored,” it’s the functional equivalent of Ronald McDonald telling you the burgers aren’t great: it means the burgers really, really aren't great. Extraordinarily (and somewhat worryingly, for me), his arguments for why this is such a defeat are virtually the same as those I laid out in my article “The First Multipolar War” last month (open.substack.com/pub/arnaudbert…). Here they are 👇 1) Vietnam/Afghanistan were survivable, this isn't He agrees that this war - and the U.S. defeat - is fundamentally different in nature from previous U.S. interventions. Where I wrote that the wars in Vietnam and Afghanistan didn’t change the equation much in terms of power dynamics (“in the grand scheme of things, the giant walked away with little more than a bruised ego”), Kagan writes that “the defeats in Vietnam and Afghanistan were costly but did not do lasting damage to America's overall position in the world.” And when I wrote that “it’s painfully obvious that the Iran war is of a qualitatively different nature” from these, he writes that “defeat in the present confrontation with Iran will be of an entirely different character.” Same point. 2) Iran will never relinquish Hormuz and uses it as selective leverage When I wrote that Iran has turned “freedom of navigation” on its head by establishing “a permission-based regime” through the Strait of Hormuz, Kagan arrives at the same conclusion: “Iran will be able not only to demand tolls for passage, but to limit transit to those nations with which it has good relations.” He also agrees that “Iran has no interest in returning to the status quo ante,” when I myself cited Iran’s parliament speaker Ghalibaf in my article, saying: “The Strait of Hormuz situation won’t return to its pre-war status.” Same point and virtually the same words. 3) Gulf states will have to accommodate Iran He agrees that most Gulf states will have no choice but to accommodate Iran, effectively making Iran into a, if not THE, dominant regional power. Kagan writes “the United States will have proved itself a paper tiger, forcing the Gulf and other Arab states to accommodate Iran.” On my end, I wrote that “the Gulf monarchies will eventually have to choose between two security propositions. One where they stay aligned with a distant superpower that [can’t protect them]. The other proposition being: make peace with the regional power that just proved it can hit [them] whenever it wants.” Which is not much of a choice… 4) Military impossibility to reopen Hormuz Kagan writes that “if the United States with its mighty Navy can't or won't open the strait, no coalition of forces with just a fraction of the Americans' capability will be able to, either.” On my end, in my article I cited Germany’s defense minister Boris Pistorius: “What does Trump expect a handful of European frigates to do that the powerful US Navy cannot?” The exact same argument. 5) Global chain reaction Kagan agrees that this is a global strategic failure that fundamentally changes the U.S.’s position in the world. As he puts it: “America's once-dominant position in the Gulf is just the first of many casualties… America's allies in East Asia and Europe must wonder about American staying power in the event of future conflicts.” You’ll have guessed it, I wrote essentially the same thing: “Think about what it says if you’re Saudi Arabia, quietly watching your American-built defenses fail to protect your own refineries. Or any European country now facing the worst energy shock since 1973, caused not by your enemy but by your ally, and realizing that said ‘ally,’ supposedly in charge of ‘protecting’ you, couldn’t even protect Israel’s most strategic sites - when it’s the country with which it’s joined at the hip. I’m not even speaking about China or Russia who are seeing their worldview being validated on almost every axis simultaneously.” 6) Weapons stocks depleted, credibility shattered Kagan: “just a few weeks of war with a second-rank power have reduced American weapons stocks to perilously low levels, with no quick remedy in sight.” Me: “America’s most advanced weapons systems are much more vulnerable than previously thought - not theoretically, but in actual combat.” Kagan: “America's allies… must wonder about American staying power in the event of future conflicts.” Me: “The U.S. security guarantee has been empirically falsified in real time.” ----------- So, yup, Bob Kagan and I agree on nearly everything. I need a shower 🤢 Reassuringly though, we still differ on a few fundamental aspects. First of all, arguably the most important one, the moral aspect. In typical neocon fashion, his article contains not a word about the human cost of this war - not the 165 schoolgirls, not the devastation inflicted on Iranians during 37 days of bombing, not the toll this war is taking on the entire world through its devastating economic consequences (the economic devastation on ordinary people worldwide is referenced only as a political problem for Trump). For him, this is purely a strategic chess problem, morality and people don’t figure in his mental map. For me, the moral bankruptcy of this war isn't separate from the strategic failure - it is the strategic failure. Much like Gaza can only be a failure because of its sheer abjectness. Secondly, there is not an instant of reflection in the article on how we got there. Which is unsurprising because he personally, alongside his wife, his brother, and every co-signatory of every PNAC letter, spent a generation pushing for exactly this kind of confrontation. The man spend 30 years advocating for military dominance in the Middle East and hostility towards Iran, thereby forging them as an adversary and facilitating this very war that he now says has “checkmated” America. I know introspection has never been the neocon forte but at some point you have to stop setting houses on fire and then writing op-eds about how surprising the smoke is. Last but not least, we differ on what should be done. This is the funniest part of Kagan’s article - showing that the man is decidedly beyond salvation. On one hand he calls this a “checkmate” by Iran, and a U.S. defeat that can “neither be repaired nor ignored,” yet an the other hand his solution for it is… surprise, surprise… a bigger war still! He writes that what’s to be done is “engage in a full-scale ground and naval war to remove the current Iranian regime, and then to occupy Iran until a new government can take hold.” The arsonist's solution to the fire is a bigger fire ¯\_(ツ)_/¯ For my end, this was the conclusion of my previous article: "There is almost a Greek tragedy quality to U.S. actions lately where every move taken to escape one’s fate becomes the mechanism that delivers it. The U.S. went to war to reassert dominance - and proved it could no longer dominate. It demanded allies send warships - and revealed it had no real allies. It waged forty years of maximum pressure to break Iran before this moment came - and instead forged the very adversary now capable of meeting it. It started the war in part to have additional leverage over China - and handed the world the spectacle of begging China for help. The prophecy was multipolarity. Every American action to prevent it reveals it instead." I wouldn’t change a word. The only thing that's changed since I wrote it is that even the arsonists now smell the smoke. Src for the Atlantic article: theatlantic.com/international/…

@HarunMedium @Halkiyatcilik mfa.gov.tr/sehit-edilen-d… Hepsinin ruhlari sad olsun. Izmir Karsiyaka'da adlarina yapilan Sehit Diplomatlar Aniti'nin ziyaret edilmesini oneririm.

@Halkiyatcilik 1977 deyince aklıma geldi, Asala hainlerinin şehit ettiği büyükelçimiz Taha Carım'ı hatırlamak gerekir. Allah rahmet eylesin, kinimiz diri kalsın.

1977 is coming.

@ussal Uzerine karalama yapabilecegimiz bir formatta olsun:)

@OmerBabaoglu bunu okumam lazım. sonra da ben "the disorganized mind" diye bir kitap yazarım :)

Bugün biraz vaktiniz varsa internetten arayıp "Bayes Kuralı"nı öğrenmenizi öneririm. Bayes kuralı, 18. yüzyıldan kalma ama bugünün en iyi düşünme araçlarından biri. Thomas Bayes, İngiliz bir papaz ve matematikçiydi. Fikrini yayımlamadı. Ölümünden sonra arkadaşı Richard Price notlarını toparladı; çalışma 1763’te Royal Society’de yayımlandı. BAYES KURALI: Yeni bilgi gelince fikrini sıfırdan kurmazsın; eski tahminini güncellersin. Akıllı insan fikrini değiştirir. Daha akıllısı ne kadar değiştireceğini bilir. Bu vesile ile Thomas Bayes'i saygıyla anıyorum.

Yes. When you have multiple tokenized assets (each with its liquidity pool) you can create an intelligent router that can direct the stablecoins in the LPs so that the pool that gets the most pressure can be supported. (Let me know if you want to learn more, we’re building this now) Agree on market making your own for asset backed tokens.

If you are tokenizing RWAs with low liquidity, you have to become your own market maker (DMM), to make sure price tracks. You assume inventory risk, but guarantee liquidity for buyers and sellers.

@ZeusRWA @fractalizedio

Time to tokenize boats.

Had a lot of fun talking about what we're building at @fractalizedio, what asset is live and what's we're bringing to @base. Check it out to learn more about our unique approach to structuring real assets for onchain capital markets.

@BaseEastEurope @base Excited to talk about what we're cooking @fractalizedio!

If you're exploring onchain capital markets, this one’s worth tuning into. Builder Graph with @OmerBabaoglu from @OmerBabaoglu A closer look at institutional grade assets on @base. Live today at 3 PM UTC x.com/0xBaseTurkiye/…

@ZeffMax @WIRED

Day 2 of Musk v Altman will kick off in a few hours. I'm hearing that Sam Altman and Elon Musk will both be in the courtroom today for opening statements. It's possible that Elon testifies today. When's the last time those two were in a room together?

@alitiknazoglu Excited to share our project and our upcoming asset with everyone!

are you ready for next builder graph session? we'll be talking about connecting rwas <> onchain capital markets, together with @OmerBabaoglu see you tomorrow at 3 pm utc 🫡

I'll be joining @0xBaseTurkiye's Builder Graph series tomorrow to talk in more depth about what we're doing at @fractalizedio. We'll speak about the process of bringing offchain cashflows onto onchain capital markets on @base. Uncorrelated sustainable yield is one of the two biggest issues to solve for in Defi. Our asset origination and structuring framework addresses this pain point head on. @alitiknazoglu see you tomorrow!

@mert @solana @SolBrothersPod @grok Pirouette on point bro 👊

@solana @SolBrothersPod @grok draft a legal letter to solana that they're in violation of several sexual harassment laws towards me

The only runway that matters. The Solana Ecosystem Call, hosted by @solbrotherspod. Get your front row seat, this Thursday 2PM UTC. Because, Solana wears it best.

@ussal @hayatecemagat @BloombergHT Ussal @TransferChain_ bu konuya senelerdir mesai harciyor. Turkiye’den cikan cok iyi bir girisim.

Veri güvenliği deyince herkes atıp tutuyor. Halbuki en basit kural şu: En iyi güvenlik = daha az veri. Ne kadar çok merkezileştirirsen, risk o kadar büyür. Gerçek çözüm: asgari veri, dağıtık mimari. Geçen gün @hayatecemagat ile @BloombergHT de konuştuk.

@yagizsozmen Can't succeed unless there is a separate courts system for those who come. But a very good start.

This 💯

@eranshir Happy wife happy life plugin is usually preinstalled.

מסתבר שאני משתמש בשפת קלוד כבר שנים עם אשתי. מה שנים? עשורים.

Support great people building great things. Check out @egregore_xyz

@asal_alizade What great news congratulations 🎉🍾

Life update: we said Yes!