@MajinBobo0x it’s like if you did defi but all the asset were the top publicly traded companies in the world and not fruit tokens
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Charco
17.7K posts
Charco
@charcoded
bidding asteroid mining futures @tplus_cx
Catania, Sicily Katılım Eylül 2021
2.2K Takip Edilen8.9K Takipçiler
people ask me if xStock’s existing holder base will be the depositors
my thesis is that people on CT are traders, not just crypto traders, and stocks tend to go up, so if you can earn yield on an asset that goes up over time then it’s kind of a no brainer.
Charco@charcoded
people ask me if xStock’s existing holder base will be the depositors my thesis is that people on CT are traders, not just crypto traders, and stocks tend to go up, so if you can earn yield on an asset that goes up over time then it’s kind of a no brainer.
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people ask me if xStock’s existing holder base will be the depositors
my thesis is that people on CT are traders, not just crypto traders, and stocks tend to go up, so if you can earn yield on an asset that goes up over time then it’s kind of a no brainer.
Charco@charcoded
current state of onchain RWAs 24/7 perp markets have PMF, so you have a reliable hedging venue. the problem is, Ondo and xStocks can only mint and redeem spot assets during maket hours. how do we get Spot liquidity onchain 24/7? an RFQ that’s only liquid during market hours does not work for this purpose. we need an incentive for people to mint those RWAs during market hours and park them onchain where they can be productive. Hyperliquid perps do not bring this incentive, because they are not composable with the spot market. when the market price depegs on tplus, there’s a massive incentive for RWA depositors. this is because Hyperliquid can be used as a hedging venue, and market makers will capture the spread, increasing the incentive to deposit. once the market realizes you can earn triple digit %’s to hold spot RWAs in Tplus overnight, the deposits will begin flowing in, and there will actually be a compelling reason to holding xStocks and Ondo issued RWAs over night.
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current state of onchain RWAs
24/7 perp markets have PMF, so you have a reliable hedging venue.
the problem is, Ondo and xStocks can only mint and redeem spot assets during maket hours.
how do we get Spot liquidity onchain 24/7?
an RFQ that’s only liquid during market hours does not work for this purpose.
we need an incentive for people to mint those RWAs during market hours and park them onchain where they can be productive.
Hyperliquid perps do not bring this incentive, because they are not composable with the spot market.
when the market price depegs on tplus, there’s a massive incentive for RWA depositors.
this is because Hyperliquid can be used as a hedging venue, and market makers will capture the spread, increasing the incentive to deposit.
once the market realizes you can earn triple digit %’s to hold spot RWAs in Tplus overnight, the deposits will begin flowing in, and there will actually be a compelling reason to holding xStocks and Ondo issued RWAs over night.
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@Ugbuericsam that’s just the market becoming efficient. cyclical and reflexive market cycles are good for volume bb
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@charcoded i agree the incentive layer is the missing piece, but the yield you’re pointing to feels reflexive and episodic imo. if the spread gets arbed efficiently, doesn’t that kill the very incentive you’re relying on to bootstrap liquidity?
btw i stole the image😅
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@0xMista @MetaDAOProject congrats to you and metadao! huge for the program
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I'm joining @MetaDAOProject to save the entire industry.
Crypto is in a really tough spot right now. Some of my friends are pivoting to AI, altcoins are getting cooked, millions of tokens have launched with 99% of them down 99%, and everyone is saying it’s over. It's hard to blame them 😄Low float high FDV launches, founders selling their bags OTC, teams quiet quitting after raising millions. The standard playbook that has lasted for years extracts from retail instead of building real businesses.
MetaDAO is the only structural answer I’ve seen. It provides the guardrails that make tokens sustainable. I truly believe it is our only hope for making this industry worth staying in.
The last year at @zenith256 has genuinely been one of the best of my career. I wasn't looking to leave. When I met the MetaDAO team at @mtndao this year, it was the first time in a while a project made me feel like we were moving in the right direction as an industry. So when @metanallok reached out, I knew I had to at least listen.
If you're a founder building something real and want to fundraise, my DMs are open. Let's talk 😄
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@MacroMate8 think the overnight oracle is the primary issue but @0xKaco would know better…
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a big obstacle for perp DEXes rn is lack of mmers who can quote exotic assets like chinese stocks
i have already put a rising perp dex in touch with someone who can quote this on launch
i am being told they will list chinese stocks soon
if there is an asset you want to list but don’t have a mmer, tell me what it is and i can help
Seraphim@MacroMate8
the biggest advantage a foundation can offer a solana project is distribution with traders i have been building a network of prop trading firms, hedge funds and single traders esp in asia and would be happy to share how to approach them and potentially intro
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@buntyverse buying my house was one of the more fulfilling adventures + one of my best financial decisions to date.
driving my Tesla brings me great joy and peace.
you should be reality maxxing - buy things that exist irl
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Once you are in your mid 20s, it seems like everyone around you is trying to psyop you into getting things you probably don’t really want
- Finance that car, which saves you neither time nor energy and ends up being a liability
- Buy a house, because your parents did it, without considering that they lived in a different time
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@NathanWorsley_ @markus_ @grugcapital i’d love to short any pre revenue company that has a brunello stipend for their customer facing employees
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@markus_ @grugcapital @charcoded The EV of your frontman looking and feeling his best far outweighs the cost of a few Cucinelli pieces
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@NathanWorsley_ bro you know i’m a modestly compensated tech bro living in the most expensive city on earth please don’t expose me as broke like this ……
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@charcoded Bro, Brunello Cucinelli, and get them tailored. You'll never use another brand for pants again
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I bring a kind of serious vibe to the party you might find unsettling.
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here are a few that have some but not all features - they’re as good as i’ve found so far.
newbalance.com/pd/athletics-f…
nike.sng.link/Astn5/6tbz/r_1…
colorfulstandard.com/en-us/products…
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