Chris
374 posts
Proof of Solvency is now live for @AxisFDN.
From protocol reserves to collateral ratio to reserve composition across exchange accounts, every relevant data point behind USDx is now independently verifiable through Accountable's Data Verification Network.
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Chris retweetledi
We’re proud to partner with @AccountableData for real-time, independent verification of Axis’ reserves and solvency.
Later this week, we launch the Axis Transparency Dashboard. Get ready to track our delta-neutral, 10-20% APY engine live.
Verifiable. Transparent. Uncorrelated.
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"The sell walls are there for a reason. The sell walls are not there to suppress price. The sell walls are there to give us a chance to show how badly we want higher prices. Because the sell walls are there to stop the people who don’t want it badly enough."
- HsakaTrades
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Stablecoins changed conversion forever.
The capital burden shifted to the conversion layer: OTC desks, liquidity providers servicing post-trade settlement.
Users pay in spread. Axis fixes this at scale.
Axis@AxisFDN
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Arbigraging across the market is just the base mechanism of Axis.
spot market where physical delivery is needed will benefit from Axis the most
inventory utility ftw
Axis@AxisFDN
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Chris retweetledi
Web3 spent the last few cycles optimizing speculative liquidity while completely ignoring settlement liquidity.
Meanwhile, the real world is starving for efficiency. Web2 remittance giants and fintech operators are forced to trap billions in dead "float" on their balance sheets.
We are replacing their expensive bank debt and bond capital with instant, programmable liquidity, providing:
1. Institutional two-way pricing for fintechs.
2. cross-border settlements.
Axis is solving the cross-border, cross-asset float and flow crisis from first principles.
Yano 🟪@JasonYanowitz
My fireside chat with the CEO of Western Union. > you crypto people think real time settlement is new > we've been doing real time settlement for 20 years > you can go to a WU and send money to your mom in guatemala and it lands in 3 seconds > but that only happens because I have liquidity pool of $1.5B > stablecoins are going to give me back that $1.5B > my stock trades at $2.7B > I'm going to take that $1.5B and use it to buy back a boat load of my stock > oh and also, we're going to use stablecoins to give all 100m+ customers a US dollar debit card aka mini bank account Stablecoins aren't going to kill Western Union... They're going to save it.
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Chris retweetledi
Chris retweetledi
Sorry this was not taught to me at Raffles Institution.
If your plan goes to zero - which angmoh can I blame?! I’ll never be minister or CEO of NTUC/Singtel! I’m getting SICC membership next year ok can’t fuck it up.
Best I can do is ape your CPF money into consensus bets.
Bryan Cheong@bryancsk
If GIC had any vision, instead of handing however many billions to Anthropic it could have poached the Qwen team set up a lab right in Singapore. Some team members are already here.
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