Daniel Barabander

@whatdotcd Hi

I've had my agent summarize a group chat I'm in with my really successful really smart friends. I think they're fun to read and I'm debating on sharing them more widely, would you subscribe to something like this? Reply and I'll DM you to get an email so you can get them and also give feedback <3

> Crypto never had a choice: open APIs were the starting condition, ... It had to learn to build around that. Now everyone else will too.

@MurrLincoln Yes - shift the moat to what remains scarce/differentiated.

interesting, lots of implications of this if AI can aggregate services and generate coherent language (whether spoken or programmed), then it feels like the only moats are 1. being the first to have an idea and acting on it 2. using LLMs to drive value back to your differentiated product if software is truly commoditized with AI, then it actually follows similar logic to your flight example, except instead of airplanes it's silicon wafers

This is what hitting PMF looks like. @plasticlabs is on an absolute tear because @honchodotdev is the best product for building stateful agents. I use it personally for my agents and am never going back.

Give your Hermes agent ( @NousResearch ) a memory upgrade 👇

Most people think CT has nothing left to offer. Most just scroll. I went digging. After hours of research, I found real signal buried in the noise. Here are 12 posts I found worth reading this week:🧵

For anyone just now looking into Derive, @dbarabander and @PossibltyResult published an excellent thesis on the project a few months ago

When does something need a new exchange ? Hyperliquid wasn't the first mover to equity perps (Ostium was) and yet they've dominated market share since launching. The dynamic between Deribit and Binance isn't so different. A challenger building a new exchange on the back of a new market type (Deribit) vs. a late moving incumbent with a massive user base (Binance). But the outcome was entirely different: Deribit, the challenger, won. I think the difference in outcome comes down to the taker profile. The dominant options taker profiles look MUCH different than the existing perps takers on Binance. Miners, treasuries, whales looking to economize on and hedge their balances. And the consequence ? Winning requires extreme focus on tailoring BD and product. In these conditions a counterposition is possible. In contrast, the dominant taker profiles on equity, commodity, and other perps aren't meaningfully different than crypto perp takers. Institutional hedgers prefer regulated, highly capitalized exchanges with physical delivery and insurance. Speculators love cash settlement with high leverage and care less about tail risk. In these cases, network effects matter more than marginal product differentiation. And the makers ? They mostly just care wherever there's money to be made. If you're building a new exchange, the best thing you can do is to be honest with yourself on who your taker profile is. And your best opportunity is serving one that isn't already being served.

like Hyperliquid and other defi primitives, Derive is building toward a world where yield / liquidity / risk mgmt are onchain native and composable permissionlessly they are the basic building blocks for consumer apps that give users, both human and agentic, frictionless access to the entire range of global mkts and product categories

@koolkrypto223 @iruletrenches @variantfund @DeriveXYZ Your thesis was superb

@iruletrenches @dbarabander @variantfund @DeriveXYZ I actually hadn't read this until now, good read. Could have saved the time on writing my own thesis 😭

this was the first read that made me really bullish on $DRV before diving deeper, doing my own dd, and running the numbers. great article by @variantfund on their investment in @DeriveXYZ and why they’re bullish on onchain options and $DRV. highly recommend reading it carefully.

@iruletrenches @variantfund @DeriveXYZ Thank you ser

just blew past 1k devs, teams, & agents on @honchodotdev >100% growth since v3 launch 6 weeks ago if you need a statefulness solution (you do) get in touch, let’s make it happen and if you just joined the community, shoot me a DM so we can send your team some thank you merch

The vision for Derive - which a lot of people get wrong - is not just onchain Deribit. We’re building the infinite payoff factory: any payoff, on any asset, 24/7. Tailored yield generation, hedging, and speculation at institutional scale that can wrap around any high quality asset, be repackaged, and distributed wherever it’s needed across the Internet Financial System. We’ve positioned Derive intentionally. Options venues take years of expertise, liquidity building, and grinding BD to reach competitive depth. That work is all coming together now. Teams can integrate with Derive, add their own layer on top, and deliver differentiated financial products to their users, without spending years doing the most difficult parts. This is why 20+ teams are already building on Derive. As more high quality assets come onchain at scale, we are readying our infrastructure for a world where that number to grow into the thousands.