Lucas | lend.xyz

@lendxyz Yield farming without selling your hard earn sats & gweis 🤝

👻 For Lend’s next operation, you’ll be able to collateralize your $BTC or $ETH directly in-app! Example: deposit $1,000 as collateral, borrow $300, invest in an operation, and automatically repay your loan with the returns. The next Lend operation drops in April.

🎉 Happy to announce that Lend got selected within @ParisBlockWeek's top 100 for the Start In Block contest. This year again, we'll have a booth along with a live operation to allow you to meet the team & try out Lend's latest features live. See you there!

@lendxyz Major milestone for Lend as it's the first value redistribution to users. You win: - Without betting against someone else in a disguised Ponzi - Protected by a bond - Fully on-chain Feels like the future

🎉 The first interest for opLend-1 has been distributed! Every participant can claim their $USDC directly in-app. We're now focused on deploying the next operation along with the P2P market. Onwards & upwards

We supposedly had the end of a bull market in there lmao

🔎 Transparency first We’re about to distribute the first rewards from Lend’s first tokenized real estate operation. To make everything clear and verifiable, we built a rewards visualizer. You can see the full history of interest distributions and the exact transactions they’re tied to.

The word "Scarcity" is going to hit different in the years to come

@WatcherGuru 69k avg incoming

JUST IN: Michael Saylor hints at buying more Bitcoin. "The Orange Century."

@Jp_Otpyrc By end of Q1 🫡

@lui2gi Soon = weeks ? Months ? Years ? Never ?

We're processing the post-release changes, TONS of things happening! - First revenues for OpLend-1 hitting mainnet in a few days - Onboarding new operations soon - DEX final details are being sorted before release - Get ready to get exposure without selling your precious assets 👇 Bullish on @lendxyz

Don't overestimate how utterly incompetent politics can be. There's no way this become a norm. Would NEVER pass in the US. Was proposed in France but there was a huge backlash. It would just hurt their stock market so much i really don't think it's actually going to pass & stay

@erenbali What i get from it is that the Dutch who are some of the most intelligent people in the world are going down this route means its coming to all the countries They dont debate naively - which means in their mind in the current system there is no way to solve this

How do you short a country?

@VitalikButerin Predictions market is just another iteration of exctractive trash. Went mainstream for the wrong reasons

Recently I have been starting to worry about the state of prediction markets, in their current form. They have achieved a certain level of success: market volume is high enough to make meaningful bets and have a full-time job as a trader, and they often prove useful as a supplement to other forms of news media. But also, they seem to be over-converging to an unhealthy product market fit: embracing short-term cryptocurrency price bets, sports betting, and other similar things that have dopamine value but not any kind of long-term fulfillment or societal information value. My guess is that teams feel motivated to capitulate to these things because they bring in large revenue during a bear market where people are desperate - an understandable motive, but one that leads to corposlop. I have been thinking about how we can help get prediction markets out of this rut. My current view is that we should try harder to push them into a totally different use case: hedging, in a very generalized sense (TLDR: we're gonna replace fiat currency) Prediction markets have two types of actors: (i) "smart traders" who provide information to the market, and earn money, and necessarily (ii) some kind of actor who loses money. But who would be willing to lose money and keep coming back? There are basically three answers to this question: 1. "Naive traders": people with dumb opinions who bet on totally wrong things 2. "Info buyers": people who set up money-losing automated market makers, to motivate people to trade on markets to help the info buyer learn information they do not know. 3. "Hedgers": people who are -EV in a linear sense, but who use the market as insurance, reducing their risk. (1) is where we are today. IMO there is nothing fundamentally morally wrong with taking money from people with dumb opinions. But there still is something fundamentally "cursed" about relying on this too much. It gives the platform the incentive to seek out traders with dumb opinions, and create a public brand and community that encourages dumb opinions to get more people to come in. This is the slide to corposlop. (2) has always been the idealistic hope of people like Robin Hanson. However, info buying has a public goods problem: you pay for the info, but everyone in the world gets it, including those who don't pay. There are limited cases where it makes sense for one org to pay (esp. decision markets), but even there, it seems likely that the market volumes achieved with that strategy will not be too high. This gets us to (3). Suppose that you have shares in a biotech company. It's public knowledge that the Purple Party is better for biotech than the Yellow Party. So if you buy a prediction market share betting that the Yellow Party will win the next election, on average, you are reducing your risk. Mathematical example: suppose that if Purple wins, the share price will be a dice roll between [80...120], and if Yellow wins, it's between [60...100]. If you make a size $10 bet that Yellow will win, your earnings become equivalent to a dice roll between [70...110] in both cases. Taking a logarithmic model of utility, this risk reduction is worth $0.58. Now, let's get to a more fascinating example. What do people who want stablecoins ultimately want? They want price stability. They have some future expenses in mind, and they want a guarantee that will be able to pay those expenses. But if crypto grows on top of USD-backed stablecoins, crypto is ultimately not truly decentralized. Furthermore, different people have different types of expenses. There has been lots of thinking about making an "ideal stablecoin" that is based on some decentralized global price index, but what if the real solution is to go a step further, and get rid of the concept of currency altogether? Here's the idea. You have price indices on all major categories of goods and services that people buy (treating physical goods/services in different regions as different categories), and prediction markets on each category. Each user (individual or business) has a local LLM that understands that user's expenses, and offers the user a personalized basket of prediction market shares, representing "N days of that user's expected future expenses". Now, we do not need fiat currency at all! People can hold stocks, ETH, or whatever else to grow wealth, and personalized prediction market shares when they want stability. Both of these examples require prediction markets denominated in an asset people want to hold, whether interest-bearing fiat, wrapped stocks, or ETH. Non-interest-bearing fiat has too-high opportunity cost, that overwhelms the hedging value. But if we can make it work, it's much more sustainable than the status quo, because both sides of the equation are likely to be long-term happy with the product that they are buying, and very large volumes of sophisticated capital will be willing to participate. Build the next generation of finance, not corposlop.

@MonkeyCharts TGV is quite comfy ngl

being a french criminal and fleeing on public transport lmfaoooo

Real talks. The future is definitely brighter, but it will be more boring. Value will be driven to Composability & Liq. efficiency. No more glorified gambling and global pig butchering. We won't see thousands of tokens a day, hundreds of chains a year, because people won't care anymore. Maturity phase essentially. (Or we do all the way again with new iterations of retarded ponzis fueled by dopamine addicted new market participants idk)

@foobiusV I'd get better quote by literally market buying his millions on D-tier exchanges. How is it possible? I'd be pissed as a MSTR holder tbh

Saylor's OTC desk

@Jay_DeArcadian No worries, more to come 🤝

my retarded ass totally forgot to put in something here. congrats to the Lend team on their first operation being fully committed. hope to see more operations. I promise I won't forget😅

🎉 Lend’s first operation is now fully committed! Over 60 investors secured their USDC in this 9% deal and are already generating some Lend points! The first interest will be distributed in the coming weeks, and we’re working to bring more real estate operations to Lend.

@notsofast Like who the hell died? Seems unreal

@AkadoSang Saylor's weekly average will be DEMONIC

BTC dumped more than $20,000 in a single week