Dean | Realms

Governance update on @solana: It is becoming increasingly clear that Solana is a futarchy ecosystem. Ownership coins have ushered in a new era of governance and participation, evidenced by the performance of launches like @JurassicFi, the investor-friendly wind down of @ranger_finance, and the growth of supporting media projects like @ownershipfm and @01Resolved. The @realmsdaos team has seen this firsthand through our own work in Sowellian Governance, an evolution within the broader family of futarchy-based governance systems inspired by @robinhanson. Participation in IslandCapital and the new @ridemarkets conviction platform has been exponentially higher than traditional token-voting systems. Realms is now transitioning into a fully decentralized protocol. This means making the SPL Governance 3.1 program immutable. On July 1st, the freeze will be complete and the realms.today UI will be shut down (This will impact DAOs like @metaplex that rely on this UI for voting and proposing) If governance infrastructure can be changed unilaterally, it is not truly neutral infrastructure. Many DAOs, like @jito_sol, already operate their own governance frontends for voting and proposal creation. Others will now be free to build specialized interfaces and governance experiences on top of SPL Governance. The current Realms team is transitioning into a new organization: Realms Lab, a governance agency focused on future innovation across the SPL Governance ecosystem. Our first projects include supporting new launchpads like @craftsdev and @fairdotclub, pioneers in bringing TradFi companies into the web3 governance stack. This newly formed team includes both existing Realms contributors and new additions that will be announced later this year. As for the rest of us, we are fully locked in on Ride. Operational futarchy is the most exciting thing we have collectively worked on. It finally solves how groups can coordinate capital in a truly decentralized way. The design space is massive and we intend to spend all of our energy bringing futarchy to more Solana users.

@d4m1n @karpathy @levelsio @thdxr @steipete @TakoTreba @aliszu @nico_jeannen @DmytroKrasun @forgebitz Also need to follow @Compute_King

the best 13 ppl to follow in AI: @karpathy = teaches LLMs @levelsio = AI setup w/ huge ROI @thdxr = honest AI takes @steipete = OpenClaw creator @TakoTreba = marketing queen @aliszu = best AI designs @nico_jeannen = AI ads king @DmytroKrasun = SaaS genius @forgebitz = AI SEO @_lhermann = successful @mattpocockuk = best agent skills @ericzakariasson = composer king @thsottiaux = rate limit reset king if you like this, follow @d4m1n too 🤠

Indeed! Today we are starting at the easiest level of treasury coordination; short-term investments Everything becomes more complicated (and more exciting) when you use this mechanism for project execution It’s very likely the next iteration will be used for marketing spend; does X spend generate Y views/sales All parts of coordination that are measurable are the low hanging fruit. The big obstacle ahead is making all coordination measurable!

@deanmachine @ridemarkets This feels very future of coordination coded

What a great gm surprise as @ridemarkets enters academia! Solana Governance Renaissance is Futarchy coded

Today it is gambling But The end goal is better coordination Through betting on your conviction

Riders, time to get serious. join The Pit Stop, the official tg group for Ride. trades, alpha, calls, conviction markets. one group chat to rule them all. the home for all the @solana Riders out there 🔗👇

@embrron You are doing a massive public service. Enjoyed our conversation and look forward to many more with the rest of the brain trust

most people still see prediction markets as apps. I see a design space. this is what the space looks like when you zoom out one layer deeper, into the mechanisms and concepts underneath the products. that’s where you realize the category is much bigger than it looks.

These are the kind of conversations that make this work feel like play

@AdrianBrz_ @ridemarkets @DiggyMonke This is where the design decision to pair this with a prediction market really shines We can let the caller “abandon” their claim on the prediction market winnings in favor of closing the position ahead of time EVERYONE WINS Simple and elegant

realized something building @ridemarkets today called $ORE above $94.205 two days ago thanks to @DiggyMonke in the morning the trade was +$213 PnL, 53% up, 30+ hours until settlement if i could close the trade now, i'd take my 30% as real PnL (~$64) and exit fund cashes out, earns its 70% but the YES/NO parlay would keep running until the deadline because the trade is the product. the parlay is a derivative on top of it. right now those two are coupled. should they be? maybe we should close the trade on demand caller and fund cash out the PnL prediction market stays active, settles on price at the deadline more upside for callers, more depth for the parlay building this soon. unless someone tells me why i shouldn't

Stocks went on-chain. Bonds went on-chain. Gold went on-chain. Silver is next. Physical silver, tokenized on Solana, backed 1:1 and held in secure vault custody. Real silver. On-chain. Now.

JUST IN: this week's calls show a focus on ownership coins , $ORE and Hyperliquid with a sprinkle of BTC. what do the callers know?? now is your moment to prove the callers right or wrong (and win in the process)

the asymmetry on @ridemarkets gets more extreme as fund AUM scales caller bond is fixed caller upside is a configurable e.g (30%) cut of whatever the fund's trade returns bigger funds = bigger upside, same risk this is what permissionless capital coordination looks like

@BusinessMngr @PhoenixTrade @ImperialPerps I’d also want an api so we can bring capital from @ridemarkets It is a good option and the demand for new instruments is high

@deanmachine @PhoenixTrade @ImperialPerps Thanks! I was thinking… vault the positions, issue a receipt token on NAV. leverage it, loop it, borrow against it. the strategy itself becomes tradeable onchain

biggest thing i've shipped for perp.so yet now you can copy any @PhoenixTrade and @ImperialPerps trader automatically, bet against the losing ones, and browse every trader live in beta today

We’re on @ridemarkets Where conviction becomes capital coordination.

@takisoul @ridemarkets @tokens

most recently added asset on @tokens was solana:Bi11Je4MH3PpyCNiuTAepRbsA5U6DK3DJy79ZFthddX just placed a 12hr call on HYPERiLLIQUID, let’s see what the Ride gods have to say about this.

@Whalesfriend @ridemarkets No it’s just for fun

@deanmachine @ridemarkets This vector is for griefing, a destructive attack that results in the treasury losing money due to bad calls. The attacker doesn't really benefit. Am I thinking this correctly? Is there a way for the attacker to access the treasury funds?

Hey @ridemarkets, I like this! So what happens when too many trades open in a fund in Ride Markets? Since each call is a % of the treasury, the leverage available for calls drops to a point that is not worth it anymore! The system autocorrects! Brilliant

@Whalesfriend @ridemarkets Makes sense Also thinking that there is only so much capital you want in play And the decentralized version is a little different; most attack vectors are going to involve multiple calls in a short span of time

@deanmachine @ridemarkets Leverage has a funding rate, so it will just become too expensive if there isn't enough. There are cases where there are negative funding rates for the underleveraged side of the book No funding rate in @ridemarkets