zendfi

Zendfi joins the Theta System 🔊 Powered by Thetanuts infra, we issue fixed-rate, non-liquidatable loans on @base. Options under the hood. Simplicity on the surface. Boss-mode borrowing starts here. 👊 @ThetanutsFi

@ryuhankai Gm Eric, our TG community is @thetanuts_official 🙏

@zendfionbase gmgm! tg community?

Pretty sick way to lock in 10% spread with Zendfi fixed rate loans 🧈🧈 Come check us out: zend.fi

@brian_armstrong is this bullish or bearish 🤔

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

@base Zendfi will prepare itself for agents 🤖

Anticipate an entirely new agentic economy Anticipate the infrastructure needed Anticipate Base

@pendle_fi @saylor @roycoprotocol @apyx_fi good lord, current apy: 30.42% 👀

Structured yield meets fixed yield for @saylor's STRC. Introducing our newest RWA market with tranched exposure to apyUSD, powered by @roycoprotocol: • jrRoyAPYUSD (Aug 2026)

@WatcherGuru bullish coinbase, bullish base 🔵🟦

JUST IN: Coinbase $COIN to launch 24/7 gold and silver futures.

@CoinMarketCap yuge week!

big week!

@baseapp gm base fam

Good morning to everyone using Base App. If you aren't using Base App... whatever.

@Crypto_McKenna good chart pattern tbh, bottom looks quite round, you know what i'm sayin

$SYRUP I do believe still has huge underwritten growth potential. 50-100M ARR over the next 12 months is a reasonable target for protocol revenue. Loan booked increased by 500M over the last few weeks. Remains one of the largest lenders to Institutions in the Industry.

@basebro_ 🔵🔵🟦🟦

Big week.

@OndoFinance @Strategy wow 👀

Tokenized $STRC is now live. Stretch (STRC) is @Strategy's perpetual preferred stock paying monthly dividends, currently yielding 11.5%. Now available across Ethereum, BNB Chain, and Solana through Ondo Global Markets.

@WatcherGuru TOKENIZE EVERYTHING

JUST IN: DTCC to begin limited tokenized securities trading in July.

@moonpay WHAT IS IT

JUST RECEIVED VERY BULLISH NEWS

@BitcoinMagazine @Bitwise LFG institutions 🐉

JUST IN: Companies bought 50,351 bitcoin in Q1 this year, the most amount ever 🤯 🚀

@WatcherGuru Source?

JUST IN: Elon Musk says his goal is to reach a $10 trillion net worth. "$10T or bust"

@baseapp base is for people of great taste

Base App is for neets Base App is for chads Base App is for traders Base App is for schizos Base App is for normies Base App is for builders Base App is for baddies Base App is for degens Base App is for chuds Base App is for uncs Base App is for

@WatcherGuru 💰 BITCOIN 💰

JUST IN: $81,000 Bitcoin

@DefiIgnas are you looking at the wrong place bro... 5% is for plebs

DeFi needs new high-yield, high-risk products onchain. Everyone knows DeFi yields are too low for the risks we take, so while we reduce exploit risks on one side, we need new financial primitives for high yield. The demand for these products already exists. Despite the risks the demand for high yield products is high: • High yield corporate: ~7-9% • Private credit: ~8-12%, some strategies up to 15% • Private equity: ~12-18% (7-10 year lockups) In contrast, stablecoins yield between 3% to 5% and that's because rsETH hack temporarily increased yield. Seriously, DeFi risk profile looks good when you compare to private credit: illiquidity, years of lockups, unclear valuations and now withdrawal limits. But private credit still attracted $1.5T anyway because 8-12% on USD is hard to find elsewhere. That could be our target group currently underserved onchain. ---- We had amazing yields but the old yield model was reflexive. Bull markets push leverage demand up, which pushes yield up. Bear markets run the loop in reverse: TVL leaves, leverage demand collapses, yields compress. Emissions and points were really fun but temporary. The yield is gone when emissions stop, and mercenary capital leaves after TGE. We need to leave this circular economy. One innovation is undercollateralized lending but it's hard without identity. Maple tried this in 2021 and got rekt with ~$36M in bad debt from 3AC, Alameda etc. They stopped it now. Centrifuge loans also get rekt often but that's a risk lenders should be willing to take. Anyway, seems that the current innovation is still at importing TradFi yield instead of building crypto yield. Ethena's USDe with perps funding rates is truly unique. But even they are relying more on TradFi yields recently. Another recent 'innovation' is RWAs wrapping emerging market stables paying 10% local rates (with USD delta-neutral strategies). E.g. Brix on MegaETH. Tokenized stocks potential is also underdeveloped but will help: Borrow against tokenized SPX500 without selling which brings crypto native borrower demand but with real world collateral. Still early. What's actually missing is crypto native yield primitives. Something like: • Uniswap LP pools were the OG (and ETHlend). Yield from swap fees, paid by people actually trading. Still relies on crypto cycles but should reduce if payments increase (due to multiple stablecoin swaps required) • Fluid turns debt into LP positions. The borrowed liquidity also earns trading fees. • Liquity's BOLD pays yield from stability pool deposits and liquidation discounts. • Pendle splits yield-bearing assets into principal and yield tokens. Created a yield-trading market that didn't exist before. • Perp DEX LP vaults like Hyperliquid HLP. LPs earn from trader losses and funding rates. • Jito style MEV captured at the staking layer. The risk profile of these products is higher than wrapped T-bills. But they should give much higher yields. Private credit teaches that institutions are good at selling degen yield to their customers. DeFi could do the same. Hope we can find 10%+ yields from onchain mechanics soon. This will attract a new group of people, pump TVL and our bags as a result.

@jessepollak @pmarca future of france = agentic finance

"agentic commerce is so dry" - @pmarca

@coinbase based take: coinbase is for base 🟦

c co coi coin coinb coinba coinbas coinbase coinbase i coinbase is coinbase is f coinbase is fo coinbase is for coinbase is for e coinbase is for ev coinbase is for eve coinbase is for ever coinbase is for every coinbase is for everyo coinbase is for everyon coinbase is for humans, agents, businesses, and institutions.