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.

Unicorn has deployed 3,000 USDC from its treasury to launch its first community trading fund on @ridemarkets . $UNICORN holders can stake 1 million $UNICORN to propose and execute trades using treasury capital, with a maximum allocation of $500 per trade. Community members can also stake on whether they believe a proposal will be profitable or not, putting real money behind their conviction. If a trade is profitable, the proposer receives 65% of the profits, with the remaining 35% returned to the Unicorn treasury. If a trade is unprofitable, the proposer forfeits their 1 million $UNICORN stake, which is also returned to the treasury. Once the trading fund is dissolved, 50% of the fund's remaining balance will be distributed to the traders who proposed and executed trades, rewarding active participation and strong performance. At Unicorn, we're constantly experimenting with new ways to activate our treasury, create positive flywheels for $UNICORN, and give our community more ways to participate in the ecosystem.

observation: the best crypto VC partnerships I've seen have three properties 1) partners who use the product before investing 2) meaningful holds through token cliff extensions 3) intros to customers, not just cap table curious what patterns others have seen

Should I make an $ANSEM fund on Ride?

The plan was that we become the institutions. Institutions are ultimately just groups of people coordinating capital at scale. The problem is that, today, participating usually means handing over custody and trusting a small group to make the decisions. What if you could coordinate capital without giving up custody? That’s the thesis behind @ridemarkets. Capital coordination needs a new primitive. We think that primitive is operational futarchy: people compete on decisions, capital follows conviction, and performance determines who earns access to more capital.

Here's my little theory. Institutions were the plan the whole time and the retail approach was just an extravagant marketing plan. Seventeen years of cypherpunk puppeteering, and peer to peer electronic cash was a customer acquisition ploy for the intermediaries it was initially designed to destroy. Institutions are gorgeous clients with quarterly mandates, and they buy in size. Users are chaotic. Users ape, users churn, users call you a scammer and destroy your reputation across the internet. If you run a liquidity desk, choosing between a pension fund and a degen armed with a Phantom wallet is theology versus revenue. It was all part of the master plan.

@AdrianBrz_ @ridemarkets New forms of capital coordination unlocked

-60% wick in 3 minutes. On perps you're liquidated. On @ridemarkets you're still in the trade. no liquidations, no forced exits — you decide when you're out.

quiet insight from our internal numbers on @ridemarkets: $100k of fund capital can carry ~30x itself in monthly call volume. the capital never leaves it just rotates and collects most protocols burn treasury to buy volume. ours charges volume rent not saying more yet 🤐

@Whalesfriend @ridemarkets @islanddao @BanditoDAO Close early to secure profit!

I opened 2 calls on @ridemarkets using x11 leverage from the treasuries of @islanddao and @BanditoDAO. I longed solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump for the next 12 hours. I can close early if it doesn't go as planned! You can make $$$ if you think I made a bad call! It took 2 clicks and a signature

Unlike most of the Ride Market funds, this one will be available only to depositoooors If you don’t participate in the fundraise, you will watch from outside Get ready for Epoch 1 this Monday

@wedtm What are you using it for? I’m considering this setup for myself!

Unpopular opinion: China is doing more to reindustrialize America than America is.

Someone had the alpha and used it on @ridemarkets

@sableftw @meechie Forgive him, he hasn’t discovered Ride yet

solana trenches so bad rn i just saw a coin migrate back to pumpfun

For me the celebration of 1000 epochs of @solana jives so well with one of the things I love the most about the IslandDAO DNA; at its core are the groups of power users, obsessed the endless experimentation, tinkering with all kinds of Solana tech. That’s why @islanddao is so much more than the event. The IslandCapital 2.0 raise has nothing to do with the events, yet it excites me just the same. It’s about capital coordination using an entirely new primitive that allows for a schema that syndicates, trading groups, investment funds of the past didn’t even dream of. Incredibly bullish to be constantly exploring the boundaries of new tech and human coordination on the best blockchain out there.

@SteveCleanBrook @unruggable_io @bill_papas_12 Popopo jealous!!

Just received my pre-order from @unruggable_io with an accompanying letter from @bill_papas_12 and Adam (don't know handle)! Very excited to be among the early supporters. Listen to my podcast with Bill here: x.com/SteveCleanBroo…

@dirty_digs Sorry it was InQuest!

@deanmachine there were definitely a few, but very surprised by this. especially with the frequency of drops and the absolute mania of collecting

Are you telling me that there is no trading card game / collectibles magazine in print that covers Pokémon, Magic, Lorcana, One etc? Super shocked by this…

Friendly reminder that you can bet and make leveraged calls with 95% of all tokenized equity trading happening on @solana on @ridemarkets. 🤝

@DarkoMatrix @toly It’s these fully human insights that bring joy to the X platform

@deanmachine @toly sometimes words are not enough and the tech speaks for itself

Lost multiple wallets after explaining @toly about Solana but this will have to do

@Saanjana_Nikita @toly Wow thank you. This is the kind of interaction I’m here for

@deanmachine @toly totally worth it glad you’ve got something great to show for it