Long Black

.@Tplus_cx could be a funnel for @xStocksFi growth

@jimistgeil @metaproph3t It just shows that you can engineer a token all you want, but when the incentive was shown to the team to rug, they took it @MetaDAOProject fundamentally stops this from happening

@metaproph3t Curious how Theia fared in this. They helped design this tokenomics 💀

Another day another case study for ownership coins

One of @TheiaResearch ‘s smallest positions acting as an ad for one of their largest positions 🍻 @MetaDAOProject coded

@charcoded Who is paying these triple digit %%?

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.

@lzminsky t&c apply

New York City is the best city in the World to be unemployed.

@chang_defi if its not important to you, send me your hype address

Why is privacy bullish

While this is idealistic, you are finally subject to supply and demand. Whatever the location If there are zero assets worth owning long term on chain, these low rates will persist

@santiagoroel Well you can price your capital the way you want on lending orderbook like @Loopscale

Tom argues DeFi yields should be >12.55% I agree

@satorinakamoto Name 2

we are missing so many cool primitives because VCs just won't fund them what projects have you heard of (or built) that just haven't taken off for of lack of funding?

@Taran i didnt know vegas was in pakistan

Trump himself is going to Pakistan to end the war, and you're bearish anon?

@firstc0in The credit and banking will likely be outsourced to a third party location/marketplace like @tmrwfinance YouTube/Whop will want to remain neutral and at least showcase themselves as level playing grounds + the headache is not worth it

gotta give it to shaw played every possible token pamp game and milked the cow dry

@mdudas not a good 7 days for mr.dechambeau

@hrojantorse Why do you think GlobalHire is a good feature? Companies are not going to make the last mile hiring decision based on whether the candidate has a Revolut account or not if the company wants to hire truly global, they will use something like @altitude

Revolut execution is unbelievable. Every day I use this product and think it’s criminally undervalued.

@lzminsky fair points

neither. didn't focus on the payoff structure here. just that certain outcomes, more likely than not, are cheaper to insure for and to monitor using something -similar-. existing event contract structures (effectively binary options or touch options for asset prices, w arbitrarily set terms) wouldn't be applicable here.

you can check out this (not the twitter article - but the underlying paper and explorer). displacement for insurance is isomorphic to binary options except loss socialiation is easier to solve for. x.com/lzminsky/statu… not a product just OSS research

@chang_defi polychain and hack said that its easier to draw an L shaped token chart this way

wasn't this going to be a Robotics L1? what happened?

@santiagoroel in hivemapper, the reason they can sell it at just $1 per kilometer is because the revenue is not passed on to the dashcams They’re incentivized in a shitcoin which will eventually trade at 0 if they were to pass on 50% revenue to dashcam owners, the econ would look different

how profitable will depin networks actually get? hivemapper has 100,000+ user-funded dashcams mapping ~34% of world roads. geodnet has 20,500 user-funded RTK stations, now the largest precision GPS network on earth. helium mobile has 120K user-deployed hotspots with large carriers offloading data through them. coverage is real. crowdfunded infra networks are scaled and maintained w user incentives. proof that they are reliable is enterprise customers signing up - from telco carriers (helium) to fortune 500 (hivemapper). when i initially invested in many of these networks I was comparing revenue opportiunity to google maps or trimble. it's probably the wrong frame. or maybe it is still to early but i would've hoped to have seen more network monetization novelty of depin is still there. infrastructure capex is crowdfunded and maintained through token incentives. the infra cost is repricing down so a lot of this is is captured by end customers as cost savings. hivemapper charges $1/km for map imagery. geodnet undercuts trimble significantly on RTK corrections. helium offloads carrier data at ~$0.50/GB vs $1+ on traditional networks. my updated thesis is depin networks aren't going to reach revenue potential of legacy players. why? cheaper crowdfunded infrastructure structurally kills the pricing power that made legacy revenue possible in the first place. the real winners in my mind are companies switching vendors - from legacy providers to depin networks - and realizing significant cost savings. that's a core thesis i'm doing more work. still need to talk to more enterprises to validate but seems directionally correct so far...

@EffortCapital Masters soon …

When you figure out your golf swing >>>>>