cryptographic 🦞

You’ve been calling nearly every major RWA effort “vapour” for years while providing no proof on how your own architecture solves the institutional problem better than anyone else, the “everyone else is fake and only we understand it” attitude gets boring after a few years. NYSE, Nasdaq, DTCC, BlackRock, Apollo, Hamilton Lane, Securitize and Superstate aren’t building memecoin casinos so telling people to “grow tf up” isn’t an argument. mabye your architecture is cleaner for certain exchange primitives but so far nobody has used it. I’d like to hear why Rqrx is the only solution that works and what tokenised assets we can expect to see on chain?

@cryptographicas @r_squaredlabs @WatcherGuru Oh will you stop being so provincial and grow tf up. It’s not going to work. It was never going to actually work and was never meant to be something that actually was going to work. Grow tf up already. Or don’t, I don’t care.

JUST IN: 🇺🇸 SEC delays plan to allow blockchain-based tokenized stocks.

@r_squaredlabs @WatcherGuru What about nyse/ securitize or superstate for example

@WatcherGuru Of course. There’s nothing that can actually do it atomically and w self-custody except us. All the plans of all the players are all just smart contract engine clones. And they don’t work. It’s okay. That’ll change. Is changing.

We’ve been heads down building and all I can say is @avon_xyz is going to be bringing some massive unlocks to market. Can’t wait to share more

@dankrad @laurashin @VitalikButerin would be interesting to hear your thoughts on this

@laurashin It can build a lot of product as it is tbh. But generally I don't disagree. This is why it should be a community effort. With enough legitimacy it will have influence on tokenomics.

The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it. The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it. If we want to get Ethereum back to winning: - create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap - find a leader who is competent and wants to fight - make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it - fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability). Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).

@marilyn100x Yes we need to start pricing eth correctly eth isn’t out here trying to compete with memecoin chains lol

@cryptographicas When people realize ETH isn’t a meme, it’s a whole ecosystem

ETH’s biggest advantage is in becoming the settlement layer where global internet native capital markets get built, stop pricing ETH like it’s competing for meme coin flow, price it for the inevitable capture of financing flow instead. Ignore washed influencers.

@ivangbi_ @AvgJoesCrypto This new EF guy is based

@AvgJoesCrypto If your financial advice or thesis confirmation comes from podcasters and youtubers selling ads & dumping their bags on you - that’s a signal for something else 🤫

This is not a bottom signal IMO. This is a “holy shit things are so much worse than they appear on the surface” signal.

@inkymaze DeFi will eat the world

DeFi's last summer. DeFi's final table. DeFi's last supper.

@luigidemeo @aave I don’t think anybody is prepared for what’s to come lol bullish on aave

It’s been a little less than a month since my official start at @aave. A few quick observations: 1. DeFi is the use case for blockchains and is much more welcomed among institutions and fintechs than I even expected. 2. QC backed lending will provide the next growth spurt for DeFi lending - Aave will win here. 3. The old game that chains played for logo slapping is now happening to DeFi protocols. Astute players will price deals wisely and have a way to monetize or just watch their token go into oblivion. Lot of smoke and mirrors here. 4. Receivables financing is a tangible use case for DeFi to step in, really helps if the player is willing to put the full dataset on chain 5. DeFi lending will essentially redefine how prime brokerage works ($25B revenue industry) 6. Aave has work to do on BD side. It’s getting fixed and will be a sight to see. 7. @StaniKulechov is actually a beast - impressive ability to grind.

>be random Korean tradoor >negative NW after exciting play with novel digital assets >meanwhile taxi drivers and 7/11 cashiers all getting +2466677654% pnl with KOSPI >decide to finally off yourself >can’t even get buried properly because your cemetery just went bankrupt

@eldarcap Clown world

Only in crypto you have people trying to outline illiquid title to unmined gold as a feature. Truly an awesome read. Definitively check the link inside that « explain » the collateral. Made my day. I think it is not unlikely that $pmUSD stay unpegged for a while.

This doesn’t scare me.. I HOLD ETHEREUM

@Token_Logic Chads

TokenLogic's Phase II Extension Snapshot vote passed with 100% approval. Thank you to everyone who read, engaged, and voted on this proposal. 2026 is far from over, with plenty more to come.

The most entertaining outcome is the most likely, this is hilarious and sad lol

@grugcapital lol it’s not fun

I need to become so big that I can’t fit through doors

Variable rate lending is the one night stand fixed rate is the silver anniversary

One of the worst archetypes in crypto are the guys who try so hard to sound profound that they end up making absolutely no sense

@avi_eisen @ventuals Do you actually believe you have anything to offer to society?

I'm thinking of building something to help people get exposure to hot private companies. The only permissionless platform I know of now is @ventuals, but one-sided OI on Openai and Anthropic combined is currently about $4.3M. There are individual investors who would trade more than that. The last guy who was taking synthetic OTC deals apparently shorted a lot of OpenAI at $300 billion and then blew up his hedge fund. I believe ventuals doesn't have significant market share because the uncertain funding makes it difficult to hold positions long term. I'm also not interested in getting into the market for actual shares - after the various SPV shenanigans that seems too likely to blow up. Instead, I'd propose one of two frameworks, or perhaps run both: 1. Run a proper OTC book. $5M minimum, ECPs only, match longs and shorts, escrow funds, mark shorts to market on new valuation rounds, settle after IPO or acquisition. 2. Create a perpetual futures market. The oracle is hard coded at last valuation. 1x leverage, no funding. Oracle updates smooth over a week, settles after IPO or acquisition. In both cases, we wouldn't take fees directly, but would earn interest on the collateral while the market is pending.

@hexonaut 100% I think loan origination is probably a better metric

We really need to get off TVL as it is being done now. It is increasingly being gamed. Lending markets/stablecoin combo is literally producing fake numbers at scale (billions).