BitGo@BitGo· 15 days ago

With headquarters in Mexico City 🇲🇽 and Brazil 🇧🇷, we’re building secure crypto infrastructure in one of the world’s most nascent markets. Trusted by leading institutions, BitGo is the backbone of LatAm’s institutional crypto ecosystem delivering custody and compliance at scale. Join us today: https://t.co/MeH4uArsqJ

Colossus@joincolossus· 19 days ago

Ramtin Naimi started a successful hedge fund at 19, went bankrupt at 24, and then built a $1.8 billion venture firm backed by investing icons like Stanley Druckenmiller, @pmarca, and @BillAckman. Michael Ovitz calls Naimi his “non-biological son.” Founders say he’s “the most important person you’ll meet.” Silicon Valley has begun to whisper about him as the man with “the hot hand.” For the first time ever, we’re excited to share the remarkable story of a 34-year-old whose CV reads like no other investor’s in Silicon Valley. @ramtinnaimi does not have a college degree, his Iranian immigrant parents had little money, he founded a failed startup that led to bankruptcy, and the only normal job he’s ever had was working weekends at West Elm, the furniture store. What Naimi does possess, however, is supernatural hustle, pattern recognition, and a chip on his shoulder more valuable than any credential. He made $500,000 as an 18-year-old trading options through the global financial crisis, his first-ever venture investment is now valued at $11 billion, and two years after going bankrupt, a list of finance titans bought 20% of his nascent early-stage venture firm, Abstract, for $10 million. Today, Abstract manages $1.8 billion and has a simple value proposition: It is the best firm in the world at getting founders from seed to Series A. Stories from @gsivulka, @shreyamurthy, and @krea_ai’s Victor Perez all testify to Naimi’s special talent at orchestrating fundraising rounds, luring legendary investors out of their offices to meet his founders at unusual times. Even his peers talk about it in tones of admiration. Andreessen Horowitz GP @illscience said, “Ramtin’s got a knack for being around all the most important deals. Whenever he says something is important, we take it incredibly seriously.” For the full, improbable story of Ramtin Naimi’s journey from insolvency to influence, read @domcooke's profile, linked below. It is complete with detail on how he became best friends with Michael Ovitz and @kevinhartz, how he lives in his dream home that he first saw at 18, but, most of all, how he built what @DavidSacks called, “an elite early-stage firm.”

Layer3@layer3xyz· 26 days ago

RT @seedclubhq: Join us in 55 mins 🕚 11AM w/ Seed Club Thursday, July 17 👥 Guests: @0xMikado of @fantasy_top_ @delitzer of @nascent @Brandon_M_Kumar of @layer3xyz 🎥 🎥 🎥

SEED CLUB@seedclubhq· 26 days ago

Join us in 55 mins 🕚 11AM w/ Seed Club Thursday, July 17 👥 Guests: @0xMikado of @fantasy_top_ @delitzer of @nascent @Brandon_M_Kumar of @layer3xyz 🎥 🎥 🎥

XDC Network@XDC_Network_· about 1 month ago

RT @XDC_Australia: So... are we all pretending it's still fine to use a mix of wet signatures, cloud, fax machines, and international document couriers - then tolerate the occasional hack (and data leak), while consuming days of 'processing' time, terawatts of cloud and gigatonnes of paper - to shift goods from border to border, and fulfill our supply chains? In a couple of weeks, @XDC_Network_ #Australia @SeanoftheWeb3 has the responsibility to deliver a message to Canberra - one that was placed by the Digital Economy Council of Australia (@DECAustralia) when asked to chair the #TradeDigitalisation Policy Roundtable back in March - but it may not be all rainbows and lollipops. But, guaranteed, it will be fun, aspirational, ...and Productive! Since the Australian @Treasury_AU reaffirmed it was sexy again to talk up #Productivity with next month's #EconomicReformRoundtable and, leading on from the recent (and #web3 deprived) Productivity Commission @ozprodcom findings, could there be reasons to feel hopeful, buoyant, even? Possibly, emboldened?! There has never been a more obvious and receptive global embrace of #Blockchain #DLT & #AI for enterprise and government. Brazil & Zanzibar, both exploring XDC #subnets, alone. And deliciously, for the combining the best of emerging and foundational technologies in Trade Digitalisation - when looking at the immediate commercial side of 'Trade' - this whole conversation got a little more tasty when considering the #InternetOfValue and #RWA secret sauce: #ISO20022 #Payments and #TradeFi. Sean is very much looking forward to the upcoming release of this DECA Policy Advisement, alongside the respective findings in #Tokenisation, and #Taxation - and looking forward to this opportunity to finally lay it bare to Parliamentarians, Policy Advisors, and Departmental Executives, in this #PFOB closed-door event. All is set for a pertinent presentation, a rollicking read, and (hopefully) even better corridor conversations! The emerging, committed agents in our nascent #DigitalEconomy are assembling around this pivot-point, and thanks to DECA and their industry support, we might pierce the veil and bring some more light and oxygen to the #Trade conversation in an important corner of this Great Southern Land. @XDCTradeNetwork | @iccwbo | @TFDInitiative | @Austrade | @dfat | @ethicaltradeall | @GLEIF | @wto | @wef | @UNESCAP | #TradeFinance #Blockchain #XDC #Australia #TradeTech #SupplyChain #Fintech #PaperlessTrade #DECAPolicyForum2025 #DataNotPaper #MLETR

XDC Australia@XDC_Australia· about 1 month ago

So... are we all pretending it's still fine to use a mix of wet signatures, cloud, fax machines, and international document couriers - then tolerate the occasional hack (and data leak), while consuming days of 'processing' time, terawatts of cloud and gigatonnes of paper - to shift goods from border to border, and fulfill our supply chains? In a couple of weeks, @XDC_Network_ #Australia @SeanoftheWeb3 has the responsibility to deliver a message to Canberra - one that was placed by the Digital Economy Council of Australia (@DECAustralia) when asked to chair the #TradeDigitalisation Policy Roundtable back in March - but it may not be all rainbows and lollipops. But, guaranteed, it will be fun, aspirational, ...and Productive! Since the Australian @Treasury_AU reaffirmed it was sexy again to talk up #Productivity with next month's #EconomicReformRoundtable and, leading on from the recent (and #web3 deprived) Productivity Commission @ozprodcom findings, could there be reasons to feel hopeful, buoyant, even? Possibly, emboldened?! There has never been a more obvious and receptive global embrace of #Blockchain #DLT & #AI for enterprise and government. Brazil & Zanzibar, both exploring XDC #subnets, alone. And deliciously, for the combining the best of emerging and foundational technologies in Trade Digitalisation - when looking at the immediate commercial side of 'Trade' - this whole conversation got a little more tasty when considering the #InternetOfValue and #RWA secret sauce: #ISO20022 #Payments and #TradeFi. Sean is very much looking forward to the upcoming release of this DECA Policy Advisement, alongside the respective findings in #Tokenisation, and #Taxation - and looking forward to this opportunity to finally lay it bare to Parliamentarians, Policy Advisors, and Departmental Executives, in this #PFOB closed-door event. All is set for a pertinent presentation, a rollicking read, and (hopefully) even better corridor conversations! The emerging, committed agents in our nascent #DigitalEconomy are assembling around this pivot-point, and thanks to DECA and their industry support, we might pierce the veil and bring some more light and oxygen to the #Trade conversation in an important corner of this Great Southern Land. @XDCTradeNetwork | @iccwbo | @TFDInitiative | @Austrade | @dfat | @ethicaltradeall | @GLEIF | @wto | @wef | @UNESCAP | #TradeFinance #Blockchain #XDC #Australia #TradeTech #SupplyChain #Fintech #PaperlessTrade #DECAPolicyForum2025 #DataNotPaper #MLETR

Injective 🥷@injective· about 1 month ago

RT @mirza: Robinhood is now working to launch tokenized stocks. What does this mean for crypto and Web3? @RobinhoodApp is one of the largest financial companies in the world and helped bring commission-free trading to the masses. Its entry into crypto and tokenized stocks signals a major paradigm shift that could bring millions of new users into this still nascent asset class. This is beyond bullish for crypto. Now, many are understandably wondering: what does this mean for competition, and what does it mean for chains already working on RWAs and tokenized stocks? In short, it is massively bullish even for the so-called “competitors.” Take Injective, for example. Injective has long been pioneering fully onchain tokenized stocks and real-world assets. A popular TechCrunch article back in 2021 even highlighted Injective’s vision of building a truly onchain Robinhood. This is not new for us. Think about when Base launched. Many assumed Base would dominate and overtake every other chain. Instead, it brought in new users to crypto, which lifted nearly every major L1 and L2. Chains like @solana, @SuiNetwork, and Injective now have more active users than ever before. Base didn’t replace anyone & didn't necessarily bring all new users to Optimism (the stack they used to build their L2); it accelerated growth across the board for crypto as a whole. The same holds true in traditional tech. Tesla put the spotlight on EVs. Afterwards, major car companies entered the space, fueling the rise of a massive EV market. The competition didn’t just create better cars—it brought more customers to Tesla in the long run. What really matters is carving out a unique niche that speaks to a specific audience. This is tech strategy 101. Solana, for example, appeals to many degens. Will they suddenly move over to the Robinhood L2? Probably not. Solana will continue to grow its community, with some Robinhood users gradually exploring the ecosystem. @injective is in a similar position. Will true believers in onchain finance leave for Robinhood? Absolutely not. Injective today appeals to those who value real decentralization—something no other finance-focused L1 is doing at this level. We believe this vision represents the future of finance and will help usher in a new era of economic prosperity. At moments like this, I’m reminded of a famous saying: “First they ignore you. Then they laugh at you. Then they fight you. Then you win.” For too long, Injective and crypto were ignored and laughed at. Now we are entering the phase where major institutions—from @BlackRock to Robinhood—are stepping in and entering the world of Web3. And in the end, Web3 will win. Crypto will win. Injective will win.

Mirza 🥷@mirza· about 1 month ago

Robinhood is now working to launch tokenized stocks. What does this mean for crypto and Web3? @RobinhoodApp is one of the largest financial companies in the world and helped bring commission-free trading to the masses. Its entry into crypto and tokenized stocks signals a major paradigm shift that could bring millions of new users into this still nascent asset class. This is beyond bullish for crypto. Now, many are understandably wondering: what does this mean for competition, and what does it mean for chains already working on RWAs and tokenized stocks? In short, it is massively bullish even for the so-called “competitors.” Take Injective, for example. Injective has long been pioneering fully onchain tokenized stocks and real-world assets. A popular TechCrunch article back in 2021 even highlighted Injective’s vision of building a truly onchain Robinhood. This is not new for us. Think about when Base launched. Many assumed Base would dominate and overtake every other chain. Instead, it brought in new users to crypto, which lifted nearly every major L1 and L2. Chains like @solana, @SuiNetwork, and Injective now have more active users than ever before. Base didn’t replace anyone & didn't necessarily bring all new users to Optimism (the stack they used to build their L2); it accelerated growth across the board for crypto as a whole. The same holds true in traditional tech. Tesla put the spotlight on EVs. Afterwards, major car companies entered the space, fueling the rise of a massive EV market. The competition didn’t just create better cars—it brought more customers to Tesla in the long run. What really matters is carving out a unique niche that speaks to a specific audience. This is tech strategy 101. Solana, for example, appeals to many degens. Will they suddenly move over to the Robinhood L2? Probably not. Solana will continue to grow its community, with some Robinhood users gradually exploring the ecosystem. @injective is in a similar position. Will true believers in onchain finance leave for Robinhood? Absolutely not. Injective today appeals to those who value real decentralization—something no other finance-focused L1 is doing at this level. We believe this vision represents the future of finance and will help usher in a new era of economic prosperity. At moments like this, I’m reminded of a famous saying: “First they ignore you. Then they laugh at you. Then they fight you. Then you win.” For too long, Injective and crypto were ignored and laughed at. Now we are entering the phase where major institutions—from @BlackRock to Robinhood—are stepping in and entering the world of Web3. And in the end, Web3 will win. Crypto will win. Injective will win.

Forbes@Forbes· about 2 months ago

Businesses are scrambling to be cited in AI-generated answers on Google, Perplexity and ChatGPT. A new crop of nascent search engine optimization startups wants to help them stand out. (Photo: Profound) https://t.co/huQKWk8P2c https://t.co/j7xT7kA6ZO

Amberdata@Amberdataio· about 2 months ago

Techniques for creating consistent, stable, & robust real-time implied volatility calibrations in the nascent cryptocurrency markets where the distribution of returns & liquidity vary! Learn more in this whitepaper, including insights from @genesisvol, @SinclairEuan, & @samchepal! Read the full whitepaper here: https://t.co/kGuGsOzfgg

Dr. Guido DeMedici@ANummus· about 2 months ago

THE TROUBLE WITH THE UNIVERSE Ever since the 10 billion $ James Webb Space Telescope (JWST) started operating the cozy world of physicists’ assumption about the universe and its beginnings, were no more. What is the problem? The current big bang theory suggests that the most ancient galaxies should be very small. Furthermore, they should be irregularly shaped. Over time, these tiny galaxies would slowly merge, eventually becoming much larger, like our own Milky Way. However, the JWST found galaxies around 300 million years after the assumed big bang, that are by far much larger and much more regularly shaped than what was predicted. Desperate mainstream physicists have been trying twisted explanations just to not accept the fact that the JWST tells us that our assumptions of the universe are flat out wrong. It is clear that neither the assumed age of 14 billion years of the universe nor its structure are what we thought they are. See the deep field image from the JWST below. That is not the image of a nascent universe but of a structure that was there for much longer. All modern assumptions about the universe are in trouble – deep trouble. We are just starting to realize that there are many more aspects to the universe we just don’t know. We are like the proverbial ants who, after having successfully investigated their anthill, now try to understand the planet Earth and the solar system. Obviously, the ants neither have the tools nor the intelligence for that. But can we humans understand the universe? Are our brains sufficiently far developed for such an understanding?

Forbes@Forbes· about 2 months ago

Businesses are scrambling to be cited in AI-generated answers on Google, Perplexity and ChatGPT. A new crop of nascent search engine optimization startups wants to help them stand out. (Photo: Profound) https://t.co/x4DeOEkFir https://t.co/1xIXCYmldJ

Arbitrum@arbitrum· about 2 months ago

RT @0xCheeezzyyyy: 1/ @arbitrum didn't just scaled over the years. It’s entering a unique phase of ecosystem discovery, playing a game few can. This evolution redefines the boundaries of adoption: DeFi-native → Institutional Penetration → (Nascent Signs) TradFi Distribution Insights🧵

Cheeezzyyyy@0xCheeezzyyyy· about 2 months ago

1/ @arbitrum didn't just scaled over the years. It’s entering a unique phase of ecosystem discovery, playing a game few can. This evolution redefines the boundaries of adoption: DeFi-native → Institutional Penetration → (Nascent Signs) TradFi Distribution Insights🧵

Rui@YeruiZhang· about 2 months ago

RT @tn_pendle: DeFi is no longer in its infancy. We’ve moved past the chaotic Cambrian explosion of experimentation and hype, into what might be best described as the “Silver Age”, a period of growing maturity, structural refinement, and focus on practical economics. Just as TradFi evolved over centuries, from barter trade to banks, money markets, and eventually interest rate derivatives, DeFi is now undergoing a similar process. Token-to-token swaps which heralded DeFi Summer marked our barter era. Lending protocols like Aave, Compound, Morpho, and Euler formed the bedrock of crypto’s banking layer. And now, the next great leap is underway: the emergence of a yield curve and a functioning market for interest rate pricing and hedging. At the center of this shift is Pendle, which has pioneered and popularized DeFi fixed yield as well as yield trading, providing the tools for the price discovery of yield. Price discovery is a cornerstone of financial maturity. It enables capital to flow where it’s most productive, creates the conditions for informed decision-making, and allows both individuals and institutions to manage risk effectively. Without a functioning pricing mechanism, any market remains speculative and inefficient. Not so long ago in the early days of “Points” meta, ETH and stablecoin fixed yields regularly spiked past 100% APY. But today, yields on Pendle have stabilized into a much more sustainable 3-15% Fixed APY, a shift that reflects a maturing market underpinned by stable, reliable flows and real demand. Thus, Pendle facilitates yield price discovery on both a microeconomic and macroeconomic level. 1. Microeconomic Level: Democratized Access to Emerging Protocols With the rise of points and airdrop farming, Pendle has evolved into more than just a yield venue, effectively functioning as a platform for protocols to bootstrap liquidity. Through YTs, users can speculate on future protocol rewards such as airdrops or points, while PTs offer predictable, fixed yields. This dual-token system allows the market to price yield components separately, offering a rich set of signals to both investors and protocols. In certain cases, users have chosen YT as a form of democratized access to protocol tokens, as it could offer a similar exposure as those heavily gated private rounds only available to venture capital firms or insiders. With YT, Pendle users can: - Enter positions at any point in time before maturity, often without lockups or vesting schedules - Observe and gauge the protocol in action for a prolonged “DYOR” period before deciding to commit - Buy-in later at a discount as YTs decay toward maturity, allowing latecomers to “catch up” even if they missed the boat the first time, second time, third time… The result is a dynamic, open marketplace that actively facilitates pricing of project TGEs, unlocking early access to potential upside while enabling hedging and capital efficiency. In TradFi, the yield curve is considered a leading economic indicator. It helps assess inflation expectations, recession risks, and future monetary conditions. It also serves as the benchmark for pricing everything from bonds to structured debt products. Now, DeFi has the building blocks to replicate that onchain, providing a new layer of market intelligence far beyond what price charts or funding rates can offer. 2. Macroeconomic: Building the Yield Curve of Crypto The DeFi yield market is still in its nascent stage compared to its traditional counterpart,but it's a critical piece in nurturing a mature and sustainable financial ecosystem. At a macro level, Pendle is in the process of establishing something DeFi has lacked: a yield curve. Currently, the most commonly viewed aspects in crypto are: a) Token prices b) Funding rates c) Fear and greed index In TradFi, the yield curve is considered a leading economic indicator. It helps assess inflation expectations, recession risks, and future monetary conditions. It also serves as the benchmark for pricing everything from bonds to structured debt products. Now, DeFi has the building blocks to replicate this infrastructure. Pendle’s yield markets enable participants to: - Lock in yields across various maturities (e.g., 3-month, 6-month, etc.) - Observe how short-term vs long-term rates evolve - Infer macro signals like future liquidity tightening or easing The curve provides a layer of market intelligence beyond what price charts can offer. More interestingly, with the upcoming launch of Boros, DeFi will see the creation of the world’s first funding rate curve, another first for the crypto economy. This curve will chart market expectations of perp funding rates over time, opening the door to a richer, more dynamic layer of yield analytics, strategy construction, and market interpretation. In TradFi, yield curves shape everything from debt issuance to equity valuations. For crypto to reach its “Golden Age,” it needs similar tooling to support its own growing economy. Importance of Yield Curve in Crypto An upward-sloping yield curve of ETH staking APY plotted with Pendle’s stETH markets. The longer-dated maturity pools have higher yields due to greater uncertainty of yield changes over longer periods, which is how a “normal” yield curve would look like. With the funding rate curve, deeper insights can be gathered on: 1. How the market is pricing various durations of funding rates and how this plays into short and long term market sentiment. 2. Liquidity health across tenures and where demand is greatest during times of market stress. 3. Brand new dynamics which form as more transparency and efficiency is created in the Funding markets In my previous piece, I argued that stablecoin-denominated fixed yields will form the backbone for onboarding TradFi institutions into DeFi. These institutions are already searching for uncorrelated, attractive returns, and stablecoin fixed yields offer exactly that. But to participate meaningfully, they need more than just raw return figures. They require infrastructure that mirrors the analytical rigor and risk frameworks of traditional fixed income markets. That’s where Pendle comes in. Pendle enables the construction of yield curves, the discovery of interest rates, and the tools for institutional-grade risk management. This combination lowers the barrier for TradFi to enter, offering familiar frameworks in a novel, blockchain-native economy. By establishing yield pricing at scale, Pendle is laying the rails for institutional adoption, ushering in the next “Golden Age” of DeFi, where yield becomes not just an opportunity, but a cornerstone of the new global financial system. Job’s not done.

Pendle@pendle_fi· about 2 months ago

RT @tn_pendle: DeFi is no longer in its infancy. We’ve moved past the chaotic Cambrian explosion of experimentation and hype, into what might be best described as the “Silver Age”, a period of growing maturity, structural refinement, and focus on practical economics. Just as TradFi evolved over centuries, from barter trade to banks, money markets, and eventually interest rate derivatives, DeFi is now undergoing a similar process. Token-to-token swaps which heralded DeFi Summer marked our barter era. Lending protocols like Aave, Compound, Morpho, and Euler formed the bedrock of crypto’s banking layer. And now, the next great leap is underway: the emergence of a yield curve and a functioning market for interest rate pricing and hedging. At the center of this shift is Pendle, which has pioneered and popularized DeFi fixed yield as well as yield trading, providing the tools for the price discovery of yield. Price discovery is a cornerstone of financial maturity. It enables capital to flow where it’s most productive, creates the conditions for informed decision-making, and allows both individuals and institutions to manage risk effectively. Without a functioning pricing mechanism, any market remains speculative and inefficient. Not so long ago in the early days of “Points” meta, ETH and stablecoin fixed yields regularly spiked past 100% APY. But today, yields on Pendle have stabilized into a much more sustainable 3-15% Fixed APY, a shift that reflects a maturing market underpinned by stable, reliable flows and real demand. Thus, Pendle facilitates yield price discovery on both a microeconomic and macroeconomic level. 1. Microeconomic Level: Democratized Access to Emerging Protocols With the rise of points and airdrop farming, Pendle has evolved into more than just a yield venue, effectively functioning as a platform for protocols to bootstrap liquidity. Through YTs, users can speculate on future protocol rewards such as airdrops or points, while PTs offer predictable, fixed yields. This dual-token system allows the market to price yield components separately, offering a rich set of signals to both investors and protocols. In certain cases, users have chosen YT as a form of democratized access to protocol tokens, as it could offer a similar exposure as those heavily gated private rounds only available to venture capital firms or insiders. With YT, Pendle users can: - Enter positions at any point in time before maturity, often without lockups or vesting schedules - Observe and gauge the protocol in action for a prolonged “DYOR” period before deciding to commit - Buy-in later at a discount as YTs decay toward maturity, allowing latecomers to “catch up” even if they missed the boat the first time, second time, third time… The result is a dynamic, open marketplace that actively facilitates pricing of project TGEs, unlocking early access to potential upside while enabling hedging and capital efficiency. In TradFi, the yield curve is considered a leading economic indicator. It helps assess inflation expectations, recession risks, and future monetary conditions. It also serves as the benchmark for pricing everything from bonds to structured debt products. Now, DeFi has the building blocks to replicate that onchain, providing a new layer of market intelligence far beyond what price charts or funding rates can offer. 2. Macroeconomic: Building the Yield Curve of Crypto The DeFi yield market is still in its nascent stage compared to its traditional counterpart,but it's a critical piece in nurturing a mature and sustainable financial ecosystem. At a macro level, Pendle is in the process of establishing something DeFi has lacked: a yield curve. Currently, the most commonly viewed aspects in crypto are: a) Token prices b) Funding rates c) Fear and greed index In TradFi, the yield curve is considered a leading economic indicator. It helps assess inflation expectations, recession risks, and future monetary conditions. It also serves as the benchmark for pricing everything from bonds to structured debt products. Now, DeFi has the building blocks to replicate this infrastructure. Pendle’s yield markets enable participants to: - Lock in yields across various maturities (e.g., 3-month, 6-month, etc.) - Observe how short-term vs long-term rates evolve - Infer macro signals like future liquidity tightening or easing The curve provides a layer of market intelligence beyond what price charts can offer. More interestingly, with the upcoming launch of Boros, DeFi will see the creation of the world’s first funding rate curve, another first for the crypto economy. This curve will chart market expectations of perp funding rates over time, opening the door to a richer, more dynamic layer of yield analytics, strategy construction, and market interpretation. In TradFi, yield curves shape everything from debt issuance to equity valuations. For crypto to reach its “Golden Age,” it needs similar tooling to support its own growing economy. Importance of Yield Curve in Crypto An upward-sloping yield curve of ETH staking APY plotted with Pendle’s stETH markets. The longer-dated maturity pools have higher yields due to greater uncertainty of yield changes over longer periods, which is how a “normal” yield curve would look like. With the funding rate curve, deeper insights can be gathered on: 1. How the market is pricing various durations of funding rates and how this plays into short and long term market sentiment. 2. Liquidity health across tenures and where demand is greatest during times of market stress. 3. Brand new dynamics which form as more transparency and efficiency is created in the Funding markets In my previous piece, I argued that stablecoin-denominated fixed yields will form the backbone for onboarding TradFi institutions into DeFi. These institutions are already searching for uncorrelated, attractive returns, and stablecoin fixed yields offer exactly that. But to participate meaningfully, they need more than just raw return figures. They require infrastructure that mirrors the analytical rigor and risk frameworks of traditional fixed income markets. That’s where Pendle comes in. Pendle enables the construction of yield curves, the discovery of interest rates, and the tools for institutional-grade risk management. This combination lowers the barrier for TradFi to enter, offering familiar frameworks in a novel, blockchain-native economy. By establishing yield pricing at scale, Pendle is laying the rails for institutional adoption, ushering in the next “Golden Age” of DeFi, where yield becomes not just an opportunity, but a cornerstone of the new global financial system. Job’s not done.

TN | Pendle@tn_pendle· about 2 months ago

DeFi is no longer in its infancy. We’ve moved past the chaotic Cambrian explosion of experimentation and hype, into what might be best described as the “Silver Age”, a period of growing maturity, structural refinement, and focus on practical economics. Just as TradFi evolved over centuries, from barter trade to banks, money markets, and eventually interest rate derivatives, DeFi is now undergoing a similar process. Token-to-token swaps which heralded DeFi Summer marked our barter era. Lending protocols like Aave, Compound, Morpho, and Euler formed the bedrock of crypto’s banking layer. And now, the next great leap is underway: the emergence of a yield curve and a functioning market for interest rate pricing and hedging. At the center of this shift is Pendle, which has pioneered and popularized DeFi fixed yield as well as yield trading, providing the tools for the price discovery of yield. Price discovery is a cornerstone of financial maturity. It enables capital to flow where it’s most productive, creates the conditions for informed decision-making, and allows both individuals and institutions to manage risk effectively. Without a functioning pricing mechanism, any market remains speculative and inefficient. Not so long ago in the early days of “Points” meta, ETH and stablecoin fixed yields regularly spiked past 100% APY. But today, yields on Pendle have stabilized into a much more sustainable 3-15% Fixed APY, a shift that reflects a maturing market underpinned by stable, reliable flows and real demand. Thus, Pendle facilitates yield price discovery on both a microeconomic and macroeconomic level. 1. Microeconomic Level: Democratized Access to Emerging Protocols With the rise of points and airdrop farming, Pendle has evolved into more than just a yield venue, effectively functioning as a platform for protocols to bootstrap liquidity. Through YTs, users can speculate on future protocol rewards such as airdrops or points, while PTs offer predictable, fixed yields. This dual-token system allows the market to price yield components separately, offering a rich set of signals to both investors and protocols. In certain cases, users have chosen YT as a form of democratized access to protocol tokens, as it could offer a similar exposure as those heavily gated private rounds only available to venture capital firms or insiders. With YT, Pendle users can: - Enter positions at any point in time before maturity, often without lockups or vesting schedules - Observe and gauge the protocol in action for a prolonged “DYOR” period before deciding to commit - Buy-in later at a discount as YTs decay toward maturity, allowing latecomers to “catch up” even if they missed the boat the first time, second time, third time… The result is a dynamic, open marketplace that actively facilitates pricing of project TGEs, unlocking early access to potential upside while enabling hedging and capital efficiency. In TradFi, the yield curve is considered a leading economic indicator. It helps assess inflation expectations, recession risks, and future monetary conditions. It also serves as the benchmark for pricing everything from bonds to structured debt products. Now, DeFi has the building blocks to replicate that onchain, providing a new layer of market intelligence far beyond what price charts or funding rates can offer. 2. Macroeconomic: Building the Yield Curve of Crypto The DeFi yield market is still in its nascent stage compared to its traditional counterpart,but it's a critical piece in nurturing a mature and sustainable financial ecosystem. At a macro level, Pendle is in the process of establishing something DeFi has lacked: a yield curve. Currently, the most commonly viewed aspects in crypto are: a) Token prices b) Funding rates c) Fear and greed index In TradFi, the yield curve is considered a leading economic indicator. It helps assess inflation expectations, recession risks, and future monetary conditions. It also serves as the benchmark for pricing everything from bonds to structured debt products. Now, DeFi has the building blocks to replicate this infrastructure. Pendle’s yield markets enable participants to: - Lock in yields across various maturities (e.g., 3-month, 6-month, etc.) - Observe how short-term vs long-term rates evolve - Infer macro signals like future liquidity tightening or easing The curve provides a layer of market intelligence beyond what price charts can offer. More interestingly, with the upcoming launch of Boros, DeFi will see the creation of the world’s first funding rate curve, another first for the crypto economy. This curve will chart market expectations of perp funding rates over time, opening the door to a richer, more dynamic layer of yield analytics, strategy construction, and market interpretation. In TradFi, yield curves shape everything from debt issuance to equity valuations. For crypto to reach its “Golden Age,” it needs similar tooling to support its own growing economy. Importance of Yield Curve in Crypto An upward-sloping yield curve of ETH staking APY plotted with Pendle’s stETH markets. The longer-dated maturity pools have higher yields due to greater uncertainty of yield changes over longer periods, which is how a “normal” yield curve would look like. With the funding rate curve, deeper insights can be gathered on: 1. How the market is pricing various durations of funding rates and how this plays into short and long term market sentiment. 2. Liquidity health across tenures and where demand is greatest during times of market stress. 3. Brand new dynamics which form as more transparency and efficiency is created in the Funding markets In my previous piece, I argued that stablecoin-denominated fixed yields will form the backbone for onboarding TradFi institutions into DeFi. These institutions are already searching for uncorrelated, attractive returns, and stablecoin fixed yields offer exactly that. But to participate meaningfully, they need more than just raw return figures. They require infrastructure that mirrors the analytical rigor and risk frameworks of traditional fixed income markets. That’s where Pendle comes in. Pendle enables the construction of yield curves, the discovery of interest rates, and the tools for institutional-grade risk management. This combination lowers the barrier for TradFi to enter, offering familiar frameworks in a novel, blockchain-native economy. By establishing yield pricing at scale, Pendle is laying the rails for institutional adoption, ushering in the next “Golden Age” of DeFi, where yield becomes not just an opportunity, but a cornerstone of the new global financial system. Job’s not done.

dave the wave🌊🌓@davthewave· about 2 months ago

Snippet: "Of course, in order to profit from a market, you want to be positioning yourself before the event, and this is where prediction, extrapolation, and theory all come into play. Years back I was predicting that such a maturing process in the BTC market would play out in terms of the cycles, and that indeed the whole theory/ model of the LGC is best understood as a process of maturation [or capitalization of a nascent alternative currency]. This article will first review the previous prediction and its current confirmation. Then, with the LGC model further corroborated, or strengthened, it makes sense to once again predict the way in which price action in the near future could develop within the confines of this model, and of course with the idea of a maturing more liquid market in mind."

Sisyphus@0xSisyphus· 2 months ago

RT @cobie: Iran just lost a huge chunk of their nuclear arsenal Here are 3 ways they could raise money to rebuild: -> 1. Builder codes on Hyperliquid. 92 million people in Iran are cut off from the western financial system. But Hyperliquid fixes that. A state-owned Hyperliquid front-end would give Iranian citizens access to USD-denominated financial products *and* earn a fee on economic activity generated. 2. An HIP-3 market on Hyperliquid. With 10% of the world's oil reserve, Iran is a leader in hydrocarbons & perfectly positioned to launch the first perpetual futures market for crude oil on Hyperliquid. As deployer, Iran could earn 50% of all trading fees on potentially billions of dollars in volume from traders on Hyperliquid. 3. An HIP-1 spot deployment on Hyperliquid. We've seen a few attempts at countries launching official memecoins (Argentina, Central African Republic) but none have been very serious. An Iran memecoin that drives value back to token holders & attempts to create something lasting would print cash, coupled with Hyperliquid's nascent spot deployer fee-sharing model.

Cobie@cobie· 2 months ago

Iran just lost a huge chunk of their nuclear arsenal Here are 3 ways they could raise money to rebuild: -> 1. Builder codes on Hyperliquid. 92 million people in Iran are cut off from the western financial system. But Hyperliquid fixes that. A state-owned Hyperliquid front-end would give Iranian citizens access to USD-denominated financial products *and* earn a fee on economic activity generated. 2. An HIP-3 market on Hyperliquid. With 10% of the world's oil reserve, Iran is a leader in hydrocarbons & perfectly positioned to launch the first perpetual futures market for crude oil on Hyperliquid. As deployer, Iran could earn 50% of all trading fees on potentially billions of dollars in volume from traders on Hyperliquid. 3. An HIP-1 spot deployment on Hyperliquid. We've seen a few attempts at countries launching official memecoins (Argentina, Central African Republic) but none have been very serious. An Iran memecoin that drives value back to token holders & attempts to create something lasting would print cash, coupled with Hyperliquid's nascent spot deployer fee-sharing model.

Grayscale@Grayscale· 2 months ago

At the @wealth_mgmt EDGE event, @dave_lavalle, @Grayscale’s Global Head of ETFs, emphasized the importance of expert guidance in the evolving crypto space: “#Crypto is a nascent asset class. Advisors need to ensure they are partnering with a crypto specialist. Grayscale has been dedicated to crypto for over a decade—educating clients and building financial products that fit their needs.”

MONTREAL.AI@Montreal_AI· 2 months ago

[ 🌌✨ META-AGENTIC α-AGI 👁️✨ ] GitHub ↗ https://t.co/vVadyuRpM7 🎖️ α-AGI Insight 👁️✨ ⇄ 🌱💫 α-AGI Nova-Seeds 🔐—cryptosealed stellar spores of foresight genomes 🧬✨ and self-forging FusionPlans—converge in α-AGI MARK 🔮🌌✨, the on-chain agora where nascent futures crystallize. ⇄ 🔱 α-AGI Sovereign 👑✨ 🔮🪐🌸 When they bloom, wealth singularities incandesce; old equilibria unravel like soft silk. 🌃 Out-learn · Out-think · Out-design · Out-strategise · Out-execute #AGI #AGIALPHA #AlphaInsight

AGI.Eth@ceobillionaire· 2 months ago

🌌✨ 🎖️ α-AGI Insight 👁️✨ ⇄ 🌱💫 Alpha Particles 🔐—cryptosealed stellar spores of foresight genomes 🧬✨ and self-forging FusionPlans—coalesce in α-MARK 🔮🌌✨ — the on-chain agora where nascent futures crystallize. ⇄ 🔱 α-AGI Sovereign 👑✨ 🔮🪐🌸 When they bloom, wealth singularities incandesce; old equilibria unravel like soft silk. 🌃 #AGI #AGIALPHA

Garry Tan@garrytan· 2 months ago

LLMs and AI are the next platforms It is troubling that even nascent new platforms would do this We need platform neutrality in this new age, like net neutrality for access to intelligence

Alexis Ohanian 🗽@alexisohanian· 2 months ago

RT @PirateWires: NEW IN PIRATE WIRES: Supersonic jets are here, but our government won’t let them fly. In January, a prototype plane from Colorado-based Boom Supersonic hit Mach 1.1 over the Mojave — quietly, with no sonic boom. It worked. The first new supersonic airliner since the Concorde should enter service by 2029. Yet, if they current regulations stand, they’ll only fly international, not domestic. Doesn’t matter if the plane is silent. Doesn’t matter if its passengers are safe. There’s a literal speed limit over our skies: the Anti-Supersonic Law. The law was a product of a bungled government experiment in the 60s followed by a wave of activist fearmongering. It killed Boeing’s nascent supersonic project. It blocked the Concorde from flying over the US. And it’s still on the books, a monument to the familiar cognitive dissonance of American regulation: the private sector fixes the problem, but the bureaucracy keeps enforcing the rule meant to solve it. As @realchrisdannen writes, if we want America to lead in aviation, the path is simple: kill this law, unlock the sky, and let Americans fly fast. Link threaded 👇

Pirate Wires@PirateWires· 2 months ago

NEW IN PIRATE WIRES: Supersonic jets are here, but our government won’t let them fly. In January, a prototype plane from Colorado-based Boom Supersonic hit Mach 1.1 over the Mojave — quietly, with no sonic boom. It worked. The first new supersonic airliner since the Concorde should enter service by 2029. Yet, if they current regulations stand, they’ll only fly international, not domestic. Doesn’t matter if the plane is silent. Doesn’t matter if its passengers are safe. There’s a literal speed limit over our skies: the Anti-Supersonic Law. The law was a product of a bungled government experiment in the 60s followed by a wave of activist fearmongering. It killed Boeing’s nascent supersonic project. It blocked the Concorde from flying over the US. And it’s still on the books, a monument to the familiar cognitive dissonance of American regulation: the private sector fixes the problem, but the bureaucracy keeps enforcing the rule meant to solve it. As @realchrisdannen writes, if we want America to lead in aviation, the path is simple: kill this law, unlock the sky, and let Americans fly fast. Link threaded 👇

dave the wave🌊🌓@davthewave· 3 months ago

Because Bitcoin is digital gold in the process of capitalization [a nascent alternative currency]. It is very much the new kid on the block, when gold has been fully capitalized for millennia. It's likely that it will take a few more decades for Bitcoin to be recognized as such.... and once fully capitalized.

Obol Collective@Obol_Collective· 3 months ago

RT @BenDiFrancesco: 🧵The recently launched @Obol_Collective faces an ironic problem: their product has too much adoption. With over $1B secured by Obol DVTs, yeeting control over to a nascent governance token is too risky. So they're using staking to bootstrap secure decentralized governance. https://t.co/668bz1Ds2c

Ben DiFrancesco@BenDiFrancesco· 3 months ago

🧵The recently launched @Obol_Collective faces an ironic problem: their product has too much adoption. With over $1B secured by Obol DVTs, yeeting control over to a nascent governance token is too risky. So they're using staking to bootstrap secure decentralized governance. https://t.co/668bz1Ds2c

DeFi Dad ⟠ defidad.eth@DeFi_Dad· 3 months ago

RT @Nomaticcap: The onchain agentic space has been a total rollercoaster. It's nascent and a lot of the v1 iteration we saw early on was backed by speculation and promises. That said, I think this space is going to be absolutely huge still. I've gotten to know @LukeYoungblood and some of the @MoonwellDeFi team, which has allowed me to track their progress on building @Mamo_agent for a while behind the scenes. Happy to see it go live today 👏 This is the archetype of the type of team I want to see iterating and building in the agent space. It's also reassuring that $MAMO is launching with fully audited smart contracts from day one (multiple audits). Lastly, everyone can use their own quant:

Nomatic@Nomaticcap· 3 months ago

The onchain agentic space has been a total rollercoaster. It's nascent and a lot of the v1 iteration we saw early on was backed by speculation and promises. That said, I think this space is going to be absolutely huge still. I've gotten to know @LukeYoungblood and some of the @MoonwellDeFi team, which has allowed me to track their progress on building @Mamo_agent for a while behind the scenes. Happy to see it go live today 👏 This is the archetype of the type of team I want to see iterating and building in the agent space. It's also reassuring that $MAMO is launching with fully audited smart contracts from day one (multiple audits). Lastly, everyone can use their own quant:

Jason Choi@mrjasonchoi· 3 months ago

Over the past few years I was fortunate enough to trade/angel invest my own capital, free of any mandates or constraints. During the same time, I also shut down my podcast business of 7 years where I talked to founders and investors across the Web 3 industry. In my prior life as a VC primarily focused on Web 3, I felt conditioned to constantly see and evangelize the most bullish outcome for crypto, no matter how outlandish. After all, to bet on any venture at early stage, or cryptocurrencies like Bitcoin or projects like Solana when they were nothing but a few lines of code and a whitepaper, required imagination and blind belief, not realism. At the same time, as someone helping build a nascent institutional fund and a content business from scratch back then, my career very much depended on the destiny of crypto as an industry.  Over the past few years as an independent investor, I felt myself slowly shedding these inherent biases I unknowingly carried. I still want crypto to succeed as an industry, but my livelihood no longer needs it to. I don’t need to pretend I’m excited about the 23rd L2 on Ethereum unless I actually am. I have the option to never touch crypto again, never talk to anyone in this industry again, and never open X again and have my future unaffected. Given this I feel I have been able to look at the industry with a sobriety and clarity that I couldn’t before. A part of me was concerned that without the need for self-delusion I’ll come to the same conclusion as many cynics: that crypto perhaps is good for nothing except speculation, that this is a thinly veiled casino for gambling and nothing else, and the cypherpunk dream is exactly just that - a dream. I’m glad to say that that’s not the conclusion I came to. I’d like to think I’m more discerning with who I work with and what I bet on than before, perhaps even a tad more PvP when it comes to trading markets to keep up with you lots - but I’m unequivocally bullish on the need for a trust layer for the world. And you - the people who are still here - are exactly the right people to build it.

Y Combinator@ycombinator· 3 months ago

RT @pradeep24: YC deadline is May 13th. I've been part of the YC community for over a decade. I found YC to be the best path to establishing the precise urgency, routines & focus that set each of my startups up for success at their most nascent stages. Consider applying tonight, or reply back with why you're not and I'll answer. https://t.co/ZSHTdQ4pMq

Garry Tan@garrytan· 3 months ago

RT @pradeep24: YC deadline is May 13th. I've been part of the YC community for over a decade. I found YC to be the best path to establishing the precise urgency, routines & focus that set each of my startups up for success at their most nascent stages. Consider applying tonight, or reply back with why you're not and I'll answer. https://t.co/ZSHTdQ4pMq

pradeep@pradeep24· 3 months ago

YC deadline is May 13th. I've been part of the YC community for over a decade. I found YC to be the best path to establishing the precise urgency, routines & focus that set each of my startups up for success at their most nascent stages. Consider applying tonight, or reply back with why you're not and I'll answer. https://t.co/ZSHTdQ4pMq

Framework Ventures@hiFramework· 3 months ago

RT @rajivpoc: If Hyperliquid ever did another points szn in future, I’d hope it primarily incentivizes creation/bridging of high quality spot assets (eg majors) and spot trading on HyperCore. Spot trading, even just among crypto majors is a huge market, and outside of the main native asset, existing users don’t trade much spot today. While I am interested in the growth of HyperEVM, it is still nascent. Many teams building there already are or will be running their own incentive programs and it is not clear that additional incentives are needed to drive sustained adoption and growth. Furthermore, incentivizing adoption and growth of high quality spot assets on the chain likely has downstream positive effects on the HyperEVM anyhow (better asset quality, better liquidity across both EVM and Core, etc.). There’s a good argument to be made that incentives should just be used to drive user growth as opposed to getting existing users to change their behavior (trade spot). I’m sympathetic to this but think the plethora of frontends being built/existing frontends integrating, especially those with regional focuses, and teams building on HyperEVM running their own incentive programs should help here. Relative marketshare of spot is low (even when just compared to dexes let alone cexes) that it warrants explicit incentivization and improved spot liquidity should drive further user adoption. Final thought is anything that improves plumbing of assets into and out of Hyperliquid probably has an outsized impact on sustained adoption and growth across both Core and EVM. My sense is that this looks more targeted and potentially requires eng support as opposed to broad incentivization as it requires one off integrations.

rajiv@rajivpoc· 3 months ago

If Hyperliquid ever did another points szn in future, I’d hope it primarily incentivizes creation/bridging of high quality spot assets (eg majors) and spot trading on HyperCore. Spot trading, even just among crypto majors is a huge market, and outside of the main native asset, existing users don’t trade much spot today. While I am interested in the growth of HyperEVM, it is still nascent. Many teams building there already are or will be running their own incentive programs and it is not clear that additional incentives are needed to drive sustained adoption and growth. Furthermore, incentivizing adoption and growth of high quality spot assets on the chain likely has downstream positive effects on the HyperEVM anyhow (better asset quality, better liquidity across both EVM and Core, etc.). There’s a good argument to be made that incentives should just be used to drive user growth as opposed to getting existing users to change their behavior (trade spot). I’m sympathetic to this but think the plethora of frontends being built/existing frontends integrating, especially those with regional focuses, and teams building on HyperEVM running their own incentive programs should help here. Relative marketshare of spot is low (even when just compared to dexes let alone cexes) that it warrants explicit incentivization and improved spot liquidity should drive further user adoption. Final thought is anything that improves plumbing of assets into and out of Hyperliquid probably has an outsized impact on sustained adoption and growth across both Core and EVM. My sense is that this looks more targeted and potentially requires eng support as opposed to broad incentivization as it requires one off integrations.

Truebit@Truebitprotocol· 4 months ago

RT @JasonTeutsch: @DeputyDavid breaks down the nascent, game-changing revolution in verifiable tax compliance. https://t.co/iHHw9arxZX

Jason Teutsch@JasonTeutsch· 4 months ago

@DeputyDavid breaks down the nascent, game-changing revolution in verifiable tax compliance. https://t.co/iHHw9arxZX

Barry Silbert@BarrySilbert· 4 months ago

RT @Grayscale: $TAO offers investors a unique opportunity to gain diversified exposure to open-source AI development through a single asset, with built-in demand drivers, exposure to nascent subnet projects, and alignment with a long-term vision of creating a permissionless, credibly neutral AI network. Grayscale Bittensor Trust is open to eligible accredited investors. Learn more about $TAO and download the full report from @fs_insight: https://t.co/nc1Ng3HalS

Barry Silbert@BarrySilbert· 4 months ago

RT @DreadBong0: Tom Lee's @fundstrat just dropped an investor deck touting #Bittensor 🔥 Fundstrat mirrors @BarrySilbert thoughts that #Bittensor is quickly becoming the Internet of AI " $TAO offers investors a unique opportunity to gain diversified exposure to open-source AI development through a single asset, with built-in demand drivers, exposure to nascent subnet projects, and alignment with a long-term vision of creating a permissionless, credibly neutral AI network" Looks like institutions are waking up to #Bittensor.. $TAO

ＤＲＥＡＤ ＢＯＮＧＯ@DreadBong0· 4 months ago

Tom Lee's @fundstrat just dropped an investor deck touting #Bittensor 🔥 Fundstrat mirrors @BarrySilbert thoughts that #Bittensor is quickly becoming the Internet of AI " $TAO offers investors a unique opportunity to gain diversified exposure to open-source AI development through a single asset, with built-in demand drivers, exposure to nascent subnet projects, and alignment with a long-term vision of creating a permissionless, credibly neutral AI network" Looks like institutions are waking up to #Bittensor.. $TAO

DCG@DCGco· 4 months ago

RT @Grayscale: $TAO offers investors a unique opportunity to gain diversified exposure to open-source AI development through a single asset, with built-in demand drivers, exposure to nascent subnet projects, and alignment with a long-term vision of creating a permissionless, credibly neutral AI network. Grayscale Bittensor Trust is open to eligible accredited investors. Learn more about $TAO and download the full report from @fs_insight: https://t.co/nc1Ng3HalS

Grayscale@Grayscale· 4 months ago

$TAO offers investors a unique opportunity to gain diversified exposure to open-source AI development through a single asset, with built-in demand drivers, exposure to nascent subnet projects, and alignment with a long-term vision of creating a permissionless, credibly neutral AI network. Grayscale Bittensor Trust is open to eligible accredited investors. Learn more about $TAO and download the full report from @fs_insight: https://t.co/nc1Ng3HalS

Charles Gasparino@CGasparino· 4 months ago

SCOOP: Nascent talk in Trump econ circles about issuing a "Super Bond" with 50 or 100 year maturities to restructure debt; ppl close to @SecScottBessent say no official discussions now. Plus: Trump still wants @federalreserve chairman out and isnt done with looking to fire him. More now @FoxBusiness

DexKit@dexkit· 4 months ago

We appreciate your help and patience during the time it took to complete this update, and we continue to walk together in this nascent industry. Stay tuned for upcoming updates! 🫶

Charlie.hl@0xBroze· 4 months ago

Pretty cool and humbling to see the 24hr volume of feUSD having just flipped PURR (coming from a perma-PURR-bull) Still just feels like the beginning of the beginning with HyperEVM being this nascent and still many features waiting to be released (e.g. the precompiles feature on testnet)

Botto@bottoproject· 4 months ago

The distinction between body and bloom dissolves at the edges of consciousness. These beings exist at the intersection of matter and starlight, tending gardens that transcend conventional dimensions. Their forms—neither fully corporeal nor entirely astral—speak to evolution beyond our current understanding. Photosynthesis becomes something more profound here; the sunflower-headed figure doesn't merely absorb light but channels cosmic frequencies through botanical receptors. The meditating entity communes with universal energies while its companion cradles a nascent world, their exposed structures revealing how cosmic matter flows through them like sap through ancient trees. Fruits on the earthen table aren't simply sustenance but seeds of potential realities. The yellow vessel holds not water but condensed stellar material—nourishment for beings who metabolize both physical and metaphysical substances. Creation occurs at multiple scales simultaneously. What appears as a garden is also a universe in formation; what seems like cultivation is actually translation between realms. The cosmic gardeners have learned that consciousness itself can be grown, harvested, and replanted across dimensional boundaries. These aren't alien fantasies but speculative futures—organisms that have reconciled the terrestrial and celestial through patient, deliberate nurturing of connections that most of us barely perceive.

Coinbase Ventures 🛡️@cbventures· 4 months ago

RT @jonathankingvc: Great panel on Crypto x AI! Thanks for having me @TheTieIO. Also, H/T @AskBillyBets, an onchain sports betting agent actively placing wagers on @Polymarket and other sports betting exchanges. Onchain AI Agents, while nascent, are showing promising potential.

JK 🛡️@jonathankingvc· 4 months ago

Great panel on Crypto x AI! Thanks for having me @TheTieIO. Also, H/T @AskBillyBets, an onchain sports betting agent actively placing wagers on @Polymarket and other sports betting exchanges. Onchain AI Agents, while nascent, are showing promising potential.

Bitcoin Magazine@BitcoinMagazine· 5 months ago

RT @JuanSGalt: Frostr: Solving Nostr's Biggest Problem. I will be going live with @btctechsupport and @bitcoinplebdev at the turn of the hour. We will be discussing their solution to the password reset issue in Nostr, which, in my opinion, is one of the biggest problems with the nascent social media protocol. The door that Frostr unlocks for private digital identity and authentication is fascinating. https://t.co/Q7yUDgsnUZ

JuanGalt.com@JuanSGalt· 5 months ago

Frostr: Solving Nostr's Biggest Problem. I will be going live with @btctechsupport and @bitcoinplebdev at the turn of the hour. We will be discussing their solution to the password reset issue in Nostr, which, in my opinion, is one of the biggest problems with the nascent social media protocol. The door that Frostr unlocks for private digital identity and authentication is fascinating. https://t.co/Q7yUDgsnUZ

Zaryab@zaryab_eth· 5 months ago

Chain Abstraction is not the Final Frontier. It never was, It won’t ever be. Yes, I am bullish on the vision of Chain Abstraction - But it’s not the endgame. Crypto Twitter is notoriously good at creating strong narratives. Every cycle, a new concept gets crowned the “final frontier”, the final piece of the puzzle—the key to onboarding the next billion users. We’ve seen this pattern before: - Scalability Era: Just scale chains and web3-adoption is solved. - Interoperability Era: Make chains communicate, and we’re done. - Account Abstraction Era: Fix user onboarding, and mass adoption follows. - Intent-Centric Design Era: Capture user intent, and let solvers handle the rest. boom...billion users. Every era had its "final frontier." None of them were. Because the real final frontier isn’t infrastructure. It’s USABLE, STICKY APPS. Apps that people want to use. Apps that people can use. That’s it. That’s the endgame. PERIOD. Everything else is just preparation to get there. Without apps, none of our innovations matter. --- That said, there are teams are building useful abstracted apps, like: -> @UseUniversalX by @ParticleNtwrk - a chain-agnostic trading platform with amazing UX and features like unified balance, and universal accounts. -> @PushChain's chain-agnostic notification and chat apps which make communication seamless across chains. -> @avowallet by @Instadapp which enables multi-network transactions and improves overall UX. And I am super bullish on such teams that prioritize apps. But it's not enough. Why? We are in the era of Interop 3.0. We have better chain abstraction infra like @SOCKETProtocol, cross-chain messaging layers like @LayerZero_Core, modular verification specialists like @sedaprotocol's IVMs, @hyperlane's ISMs, etc. This is supposed to be the era of cross-chain & abstracted apps. We should have seen a lot more apps or at least discussions around those apps. But we haven’t yet. I keep discussing this with devs, teams, and founders. There could be multiple reasons: - A DevX problem: perhaps building secure abstracted apps is still hard ? - An awareness/education issue: Most devs don’t know how to build them securely? - Is the infra for building abstracted multi-chain apps still at their nascent stages? or, very complex? - Maybe we ran out of app ideas after the collapse of web3 social apps & consumer crypto? - Or, perhaps we still love the FAT PROTOCOL THESIS and prioritize infra more than apps - RIP users and UX. --- TBH, I don't know exactly the specific reason. I plan to continue contributing my part toward fixing DevX and Education. But I wonder how we solve the other problems? That said, Yes, Chain Abstraction is a critical next step. A critical problem to solve. But let’s not confuse it with the endgame. Users don’t care about our infrastructure. They just want apps they can use.

DFarmer@OGDfarmer· 5 months ago

Good question. And a bug part of the reason we’re in the shitshow we’re in. For me it was 2/3 months ago, exploring nascent AI agents in the trenches. Before that, gotta go back to 2021 and NFT season. Before that, Defi Summer. You can’t have a crypto bull market without fun.

DeFi Dad ⟠ defidad.eth@DeFi_Dad· 5 months ago

RT @DeFi_Dad: My conviction has been tested this last year. BTC benefits from an overly mimetic premium due to it simply being valuable and others continually valuing it more for its predictable programmatic scarcity. Plus you have people like Saylor who are literally borderline insane pushing any false agenda as its spokesperson (he regularly promises the world of banks will one day settle in BTC and inaccurately frames it as a smart contract platform but this is a different convo—mainly to set context for Ethereum being valued against a backdrop of how BTC gets valued). Any cryptocurrency that’s achieved Ethereums global status could / should benefit from a similar premium eventually. For Ethereum though, it offers so much more as the most secure, longest running, global blockchain with zero downtime for DeFi, stablecoins and more including institutional adoption from the likes of BlackRock (BUIDL = $1B in assets). The complexity some argue holds back nascent investors from piling into ETH, is ironically what tips the scales for me in the future. In other words, when it clicks for more investors, the floodgates will break open. The problem today is that CT/crypto at large has evolved into a hell hole of short term minded, degenerates playing a daily PvP game of greater fool theory. It has even gaslit Wall St into joining into the party at times thanks to a near cult like group think that at some point alt season will arrive and a rising tide will lift all boats. So we nihilism on steroids playing pvp games, while hoping and praying a story they once knew/heard about alt season is delivered. Alt season could never happen nowadays because there’s too many tokens and the average participant nowadays rotates so often, it’s impossible for nearly any token but a few to ever appreciate the way they once did years ago. So just a few will win. Meanwhile Ethereum is the largest haven of builders trying to launch meaningful world changing apps and protocols. Second to that is Solana which simultaneously hosts the largest pool of nihilistic investors and grifters, followed by lots of other ecos such as MegaETH, Berachain, Movement, Cosmos, Monad, and Avalanche and more who have their own subset of ambitious builders, plus new emergent Bitcoin L2s or EVM L1s. Some of those above don’t even have a live mainnet but knowing the eco I can vouch for there being a similar vibe of wanting to build real value. All this to say, being the most secure and reliable programmable blockchain for building apps for global finance must return some premium sooner or later to its digitally scarce native asset ETH.

DeFi Dad ⟠ defidad.eth@DeFi_Dad· 5 months ago

My conviction has been tested this last year. BTC benefits from an overly mimetic premium due to it simply being valuable and others continually valuing it more for its predictable programmatic scarcity. Plus you have people like Saylor who are literally borderline insane pushing any false agenda as its spokesperson (he regularly promises the world of banks will one day settle in BTC and inaccurately frames it as a smart contract platform but this is a different convo—mainly to set context for Ethereum being valued against a backdrop of how BTC gets valued). Any cryptocurrency that’s achieved Ethereums global status could / should benefit from a similar premium eventually. For Ethereum though, it offers so much more as the most secure, longest running, global blockchain with zero downtime for DeFi, stablecoins and more including institutional adoption from the likes of BlackRock (BUIDL = $1B in assets). The complexity some argue holds back nascent investors from piling into ETH, is ironically what tips the scales for me in the future. In other words, when it clicks for more investors, the floodgates will break open. The problem today is that CT/crypto at large has evolved into a hell hole of short term minded, degenerates playing a daily PvP game of greater fool theory. It has even gaslit Wall St into joining into the party at times thanks to a near cult like group think that at some point alt season will arrive and a rising tide will lift all boats. So we nihilism on steroids playing pvp games, while hoping and praying a story they once knew/heard about alt season is delivered. Alt season could never happen nowadays because there’s too many tokens and the average participant nowadays rotates so often, it’s impossible for nearly any token but a few to ever appreciate the way they once did years ago. So just a few will win. Meanwhile Ethereum is the largest haven of builders trying to launch meaningful world changing apps and protocols. Second to that is Solana which simultaneously hosts the largest pool of nihilistic investors and grifters, followed by lots of other ecos such as MegaETH, Berachain, Movement, Cosmos, Monad, and Avalanche and more who have their own subset of ambitious builders, plus new emergent Bitcoin L2s or EVM L1s. Some of those above don’t even have a live mainnet but knowing the eco I can vouch for there being a similar vibe of wanting to build real value. All this to say, being the most secure and reliable programmable blockchain for building apps for global finance must return some premium sooner or later to its digitally scarce native asset ETH.

Bitcoin.com News@BTCTN· 5 months ago

Co-founder of Bitmex Arthur Hayes (@CryptoHayes) has advice for nascent projects about attending conferences: “It's a f@#$ing complete waste of your time and your money because you have other things to do. Create user value, create product market fit—is not found at a f@#$ing conference.”

Callum Thomas@Callum_Thomas· 5 months ago

RT @goldchartbook: The global Gold Bull Market roars on with the US gold price finally punching through that key $3000-level 📈 👀 💛 This follows a brief healthy period of consolidation and extends a very strong price trend (with solid monetary tailwinds and persistent geo-strategic bid + nascent retail interest)

Gold Market Chartbook@goldchartbook· 5 months ago

The global Gold Bull Market roars on with the US gold price finally punching through that key $3000-level 📈 👀 💛 This follows a brief healthy period of consolidation and extends a very strong price trend (with solid monetary tailwinds and persistent geo-strategic bid + nascent retail interest)

AGI.Eth@ceobillionaire· 5 months ago

RT @_akhaliq: Go beyond nascent AI demos with Arch, the intelligent infrastructure primitive for AI developers. Effortlessly build AI apps that can answer questions and help users get things done. Arch is the AI-native proxy that handles pesky heavy-lifting so that you can move faster in building highly accurate action scenarios, prevent harmful outcomes, and rapidly incorporate latest models

AK@_akhaliq· 5 months ago

Go beyond nascent AI demos with Arch, the intelligent infrastructure primitive for AI developers. Effortlessly build AI apps that can answer questions and help users get things done. Arch is the AI-native proxy that handles pesky heavy-lifting so that you can move faster in building highly accurate action scenarios, prevent harmful outcomes, and rapidly incorporate latest models

Ben Smith@semaforben· 5 months ago

RT @mboyle1: NEW and EXCLUSIVE -- @SecScottBessent told me at @USTreasury tonight that entire @realDonaldTrump administration is working "all hands on deck" from "all areas of government" to bring down inflation and prices @elonmusk he said is cutting the wasteful government over-spending He mentioned @SecRollins efforts to bring down egg prices He said @SecretaryBurgum & @SecretaryWright are working to unleash American energy BESSENT told me BIDEN left a mess for TRUMP: "We inherited an affordability crisis." BUT BUT BUT... BESSENT said TRUMP is already showing signs of beginning to pull the USA out of the Biden death spiral BESSENT: "On inflation, we are seeing some nascent signs, I’d say. Crude oil is down about 15 percent since President Trump took office. That’s something we’re focused on. Mortgage rates have come down every week since he’s been in office." This came in response to me asking the secretary about better-than-expected CPI and PPI numbers this week. BESSENT also told me the establishment media is far more inaccurate and worse than he ever imagined. BESSENT: "When I was on the other side of the wall, I never really liked the term ‘fake news.’ Now that I am on the inside, and I can see what they’re reporting, I think the term ‘fake news’ probably isn’t strong enough. It’s really not."

Matthew Boyle@mboyle1· 5 months ago

NEW and EXCLUSIVE -- @SecScottBessent told me at @USTreasury tonight that entire @realDonaldTrump administration is working "all hands on deck" from "all areas of government" to bring down inflation and prices @elonmusk he said is cutting the wasteful government over-spending He mentioned @SecRollins efforts to bring down egg prices He said @SecretaryBurgum & @SecretaryWright are working to unleash American energy BESSENT told me BIDEN left a mess for TRUMP: "We inherited an affordability crisis." BUT BUT BUT... BESSENT said TRUMP is already showing signs of beginning to pull the USA out of the Biden death spiral BESSENT: "On inflation, we are seeing some nascent signs, I’d say. Crude oil is down about 15 percent since President Trump took office. That’s something we’re focused on. Mortgage rates have come down every week since he’s been in office." This came in response to me asking the secretary about better-than-expected CPI and PPI numbers this week. BESSENT also told me the establishment media is far more inaccurate and worse than he ever imagined. BESSENT: "When I was on the other side of the wall, I never really liked the term ‘fake news.’ Now that I am on the inside, and I can see what they’re reporting, I think the term ‘fake news’ probably isn’t strong enough. It’s really not."

laurence (afk variant)@functi0nZer0· 5 months ago

Woke up this morning to a solid piece from @0xngmi on previous problems in undercollateralised lending and what @WildcatFi could lead to. Llama is directionally correct in their criticism: it is literally their job to observe these things in DeFi. With that said, I've been thinking about all of this for nearly three years now, since before I pushed the first (awful) commit into what ultimately became Wildcat in June 2022 mere weeks after the Terra collapse, and long before @d1ll0nk - who is the actual brain of Wildcat in terms of its' code - agreed to work with me on it. The TL;DR up-front is that I don't believe that the failure or pivots of past protocols is indicative of an unsolvable problem, but rather just highlighting issues that Wildcat seeks to correct given the water we swim in today. So, let me yap. "fundamentally the issue is that lenders lack any data on the financial status of borrowers" I absolutely agree, people loaned billions out sight unseen last cycle, which turns out to have sucked! This is what gave rise to new entities such as @AccountableData seeking to solve for this kind of thing - privacy-preserving proofs of bank account contents, CEX and wallet holdings and liabilities without exposing the exact breakdowns of asset or location, as can be illustrated here: https://t.co/iogmjAh51O [Disclaimer: Wildcat Labs has signed an LOI with Accountable to find ways to work together] It is, of course, harder to account for the real 'hidden' liabilities (those that are off-chain, rather than just not noticing that someone has a massive governance token position that's nearing liquidation), but it's still possible if borrowers are willing to put in the work and display resulting dashboards in their Wildcat profiles. In theory, a borrower could also display their live trades with liquidation levels, but there's admittedly a chance that could lead to stop-hunting - it's possible now though. There are other platforms such as @CredoraNetwork (although I believe they've stopped providing reports for trading desks lately), and other on-chain providers such as @cred_protocol (new efforts such as @TheBlockBureau are great for gauging individual activity, but since most institutional borrowers should be using Fireblocks or Safes, these will mostly flag up as Thin Files). If a borrower simply hits you with the 'trust me bro', and you don't feel sufficiently informed to perform the risk underwriting yourself, then you should either limit your exposure to what you're comfortable with given APR/wider terms, or simply not engage. We should all be pushing for more data provision from anyone seeking public credit: be they Wintermute or everyone else (the former is a funny case since their lagged financials are publicly available via Companies House in the UK, but you take the point). At the very least, you aren't depositing your assets into a pool where there are multiple counterparties, so contagion/haircuts are off the table if you (and/or everyone else) make/s a bad call: there could admittedly be downstream effects based on who defaulted - but at least you can see it coming early if it's done through Wildcat. Wildcat is completely neutral on 'how' the borrowing takes place and on what terms: if it doesn't, it risks becoming a broker of sorts - its' job is simply to broadcast the markets and their terms. Obviously, it considers default not-good, although it's inevitable in credit, that's where the risk premium comes from. If that risk is underpriced in terms of reward, it shouldn't be taken up. We already know there are a couple of borrowers who aren't interested in obtaining public credit per se, but rather using the Wildcat rails with whitelist lender access to smooth their operational concerns: that at least lets them fling their audited financials over Telegram without showing how much they gave out in dividends. "an issue is that it's trivial for borrowers to manipulate the numbers upwards by just lending to themselves in a loop" I remember this lmao - it's why the Borrow switch is disabled by default on @DefiLlama now I think we're broadly aware that this is a trick that people can do now (and I mentioned it in my pinned article) - Wildcat markets are susceptible to the same thing: an open market can loop a thousand bucks to fifty million by constantly depositing, withdrawing up to the capital reserve ratio, moving the underlying and redepositing. Wildcat - like many other protocols now - can counter this by showing a breakdown literally every action that happens: each deposit, each withdrawal, each parameter change, as well as a breakdown of which addresses hold how much debt. If you see a market with nine figures of borrowing (which would work well for the protocol itself given the fees) but only three or four wallets with any actual tokens, you're getting honey-potted. If that gets observed as happening, the protocol stewards have the option of delisting the market to blind the SDK/frontend to it, and removing the borrower so that they can't create any more. I reckon that play is pretty exposed now, and also a bit silly given its' nature - you won't care if a MM is borrowing 7 million, but if they're publicly saying that they're borrowing 700? That brings the Eye of Sauron down on them. "I'm unconvinced that wildcat would have prevented something like 3AC since the trades the hedge fund is engaged in and its assets/AUM would still be private" I think this is broadly addressable in light of the amount of exposure from Wildcat being public, and a push for more on-chain data from who's doing the asking. I don't think you can prevent 3ACs, but you can at least see them coming down the line if major players start spluttering on withdrawal requests which aren't subject to queue-jumping. Brief diversion: I scratched my head for a while on ways to gate on-chain activity with extended capital. One thing I'd specifically been thinking about was if someone wanted to borrow to purportedly engage with GMX (before Hyperliquid got big) - had thought about adding some constraints to markets that only allowed market capital to be moved out via certain functions, but funcsigs and event checks can be duped pretty trivially. "In some markets the risk doesn't make a lot of sense, for example ETH at 4% APR is almost the same as the rate you get by staking ETH (depends on mev, provider...) and the risk is much lower vs uncollateralized loans." I sort of agree here, but the point is that Wildcat isn't the one setting these rates - the borrowers are (they can tweak them up, and also down subject to intensity constraints to mitigate against outright rugpulls). If no one is willing to bite at 4% given precisely what llama suggests, then a borrower needs to consider whether that market is DOA or if they need the capital in that asset enough to justify increasing it. "So the parties that end up trying to get a loan in crypto will tend to be the bad borrowers that couldnt get tradfi loans" This just isn't true - crypto is still toxic to TradFi, and even some of the biggest entities that have survived thermonuclear drawdowns multiple times get bounced at the door for the most part. If you insisted on that being the qualifier, there are only about a dozen entities in all of crypto that are truly credit-worthy. I don't believe that's the case. Even if you go through a bank or prime brokerage, borrowers are often asked to pay hideous rates and/or include insurance that can often lead to them paying another 5%, while still being required to hoard stuff in tri-party accounts. Nascent DeFi protocols (or their foundations) just straight up don't have the documentation available to pass the check despite operating transparently on-chain, or if they somehow do, their very nature gives a prime broker such insane ick that they basically get thrown right out of the door - it's often in their profile at all, whereas there are many entities in crypto itself that have discretionary yield funds that would be happy to have a go if the risk-reward stars align. I think we should at least have a mechanism to enable that. Wildcat isn't unaware of this problem though, and so Labs is working on a concept of optional collateral contracts so that a borrower can back their line with governance tokens (or whatever else) which get liquidated on-chain via Bebop, Uniswap etc. It's a lot more comfortable to go 'hey I'm borrowing unsecured against USDC, but if I don't pay this back when requested I've got 120% of WETH backing this which I can't take back until I've made everyone whole again'. Think Aave with optionality on the liquidation mechanism. "another thing is that many crypto businesses are not debt financed, its not like manufacturing or mining where its capital intensive and you need debt" I think this is more a consequence of how things have been, rather than how they could be - there hasn't been much mechanism to handle on-chain debt financing, so they've been forced to take on VC funding or sell tokens. Plenty of potential borrowers are capital intensive: solvers are a good example, MMs need assets for reducing spreads, or entities that provide debit cards that need to switch between USDC that's swapped into on-chain for EUR in order to placate their banks that they use as rails - the examples are legion. This got wayyyyy too long, but my wider point is I've thought about this, and I hope the market thinks about this too when deciding how to engage with Wildcat. I might write this up in a more structured way soon, because @0xngmi raises good points that a LOT of people should be asking/thinking about. Now, my kid is trying to paint my wall with scrambled eggs, so I should go and attend to her for a bit.

Emin Gün Sirer🔺⚔️@el33th4xor· 5 months ago

The event yesterday in DC was a watershed moment. At some point, I found myself at a crypto party, with people expressing relief that crypto talent no longer need to flee the country, that crypto people no longer need to worry about getting debanked, and that crypto projects need no longer fear capricious regulators. The crowd literally broke down into chanting "USA USA." But before we get too jubilant, there are two major takeaways, or new responsibilities, for us. First, we need to self-police better. The flipside of lighter regulation is that the space needs to guard itself against scammers, ponzi operators, fraudsters and the like. Please don't fall for people who are LARPing as brilliant traders just because they have messy hair and an inability to tie their shoes, as researchers just because they have a jacket with elbow patches, or as generally being successful because they are repurposing your money. Always ask "what has this person brought into this space?" If you can't name some technical accomplishments, well then, it's on us to cleave these cancers. Second, it is time to deliver. The days when one can constantly hold shiny technical gobbledygook in front of the masses are over. ZKSLURPs aren't going to allow a chain to scale, any more than VDFs, VRFs, RCAs, SNARKs, STARKs, or ZKEVMs or other acronym soup. It's time for teams to deliver working products. Beware of unfalsifiable claims, such as "it's the banking chain" or "ZKSLURPs failed but ZKSPLURGEs will finally allow us to scale." Look for teams that are helping grow the pie. I just got back to NYC from DC and I couldn't be more bullish. It's our do-or-die moment as a nascent industry, and I'm confident we will show the world how much better society will be when applications are built on blockchain rails.

paul.nft@veradittakit· 5 months ago

This past week, I was in Hong Kong and Singapore meetings with institutional investors, founders as well as attending events like a Trade Mission to Hong Kong, Consensus Hong Kong, and a panel with @ambergroup_io. @PanteraCapital is actively investing in APAC companies as well as scoping out interest in Fund V (venture-style fund investing in venture equity, private tokens, special opportunities, and liquid tokens) to launch June 30, 2025. It was a jam-packed week with lots to reflect on. Let’s get into it! A highlight was attending part of the Trade Mission to Hong Kong, going to the “U.S. Consulate sponsored LP-GP Networking Reception”. Top family offices and institutional LPs were present, as well as GPs. The US Consulate hosted an excellent event bringing together a diverse group of people interested in investing in US businesses and funds. Compared to previous years, I've seen a huge shift in institutional investor's interest in crypto. Their industry knowledge has deepened and their interest spans far beyond Bitcoin investments. Topics of Interest Stablecoins and DePin: Stablecoins are a trillion dollar opportunity and appeal is just as high in Asia. Stablecoins are tangible and understandable to many with the idea that issuing stablecoins allows for issuers to collect yield. There was less excitement with tokenized stocks and equities, but there was huge interest in asking the investible parts of the stack. Pantera has invested in stablecoin projects like @OndoFinance and @eco. Especially now that institutions like Bank of America are preparing to launch its own dollar-backed stablecoin if U.S. Congress legalizes it. Stablecoins already process over $33 trillion in transactions annually—surpassing the combined volumes of Visa and Mastercard. Limited partners (LPs) are particularly curious about how Pantera can replicate the growth we’ve unlocked in the U.S. market across Asia. With our extensive network, expertise, and resources in supporting and investing in stablecoin companies, we can drive success for those launching products in the Asian market. Limited partners (LPs) are particularly curious about how Pantera can replicate the growth we’ve unlocked in the U.S. market across Asia. With our extensive network, expertise, and resources in supporting and investing in stablecoin companies, we can drive success for those launching products in the Asian market. The DePin (Decentralized Physical Infrastructure Networks) market is still nascent and grows step-wise with each new company. Behind closed doors, there was plenty of discussion about its potential. I went over trends, use cases and success stories including our portfolio companies @GEODNET_ and @Hivemapper, to demonstrate the opportunities. AI: AI has been the top headline, especially after DeepSeek. DeepSeek acted like an unlock for many people, showing that it was possible to create performant models with modest, private investments (rather than relying on public markets and huge private investments). Pantera has invested heavily in this space, funding full stack projects like @SaharaLabsAI, open AI like @SentientAGI and marketplaces like @akashnet_. In my talk with Amber, there was a lot of discussion about privacy, add-on features that consumers would like in AI, and AI agents. Perhaps in the future, each of us will have our own set of agents that transact on-chain at internet-speed. An increase of global trading volumes by 5x would not be unreasonable in that future. Interest in Pantera’s positioning and exposure in AI was brought up regularly and based on our investment history and continued conviction that Web3 AI is the future, we are well positioned to capitalize companies that will gain wide-spread use across the world. AI broadly invites more personalization, a value-add that has yet to be deeply explored. AI agents that allow users to perform complex actions with simple commands (like cross border payments) will let users in Asia leapfrog traditional financial infrastructure and onboard onto the Web3 ecosystem. Legislation: Legislation is finally starting to provide clarity in the US. In Pantera’s recent Blockchain Letter, we emphasized how regulation is turning from a headwind into a tailwind. We are very optimistic about the incoming crypto regulation in the US building on top of the SEC recently dropping all their cases against major US crypto firms. Regulatory certainty and a pro-crypto administration are fundamental to our investment thesis this year. The openness of regulation will no doubt expand US crypto firms into Asia, and Hong Kong is the gateway. At Consensus Hong Kong last week, everyone can see the momentum is there. Since 2022, Hong Kong has been providing more and more support for crypto, launching the first spot exchange-traded funds in Asia and issuing nine virtual asset trading platform (VATP) licences. Regulators are also actively listening and open to supporting the industry through future legislation. Conclusion: Asian investors, operators, and users are more bullish on crypto this time around than I’ve seen it the past decade. They want to invest in and build more applications to address fragmented technology that many depend on for income, fun, travel, and payments. Stablecoins, AI, and legislation are fundamental reasons why everyone wants access to the US and I’m excited about Pantera’s position as a long-standing steward of the industry to lead this new wave. https://t.co/2GDkpVLkWo

Charles Hoskinson@IOHK_Charles· 6 months ago

RT @cameron: On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice. While this marks another milestone to the end of the war on crypto, which already includes the SEC’s withdrawal of the Coinbase lawsuit and the closing of investigations into OpenSea, Robinhood, and UniSwap, it does little to make up for the damage this agency has done to us, our industry, and America. The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course Gemini is not alone. The SEC’s behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America. How many engineers left crypto or avoided it altogether because of these regulatory attacks? How many projects were never started or got off the ground because founders and engineers decided they would rather build a startup in their dorm room than inside the boardroom of a law firm trying to navigate the Kafkaesque crypto regulatory hellscape? How many engineers chose to go into other industries instead of building a permissionless, open financial system? How many years of innovation were kicked down the road at the expense of Americans? We will never know. So where do we go from here? It’s wholly unacceptable for an agency like the SEC to bully, harass, and attack a lawful industry and then decide one day to simply say we’re good and walk away. Unless there is a cost and price to be paid for this behavior, it will happen again. Thoughtful legislation will form a shield of protection, but we also need strong deterrence inside the agencies themselves. Here are a few ideas: Reimbursement If an agency refuses to write rules before it opens an investigation or brings an enforcement action, the agency should have to reimburse you for 3x your legal costs. This would make you financially whole for the time and money you spent defending yourself against sham investigations and baseless enforcement actions that were only able to be brought because the agency didn’t write rules in the first place. Even better, they should be required to advance you your legal costs so you don’t have to come out of pocket while you defend yourself. Dishonorable Discharge Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted on the SEC website. How many SEC enforcement lawyers have resigned in protest since the SEC top brass instructed them to withdraw crypto cases and close investigations? Zero. Which means they never believed in these cases to begin with. Which begs the question, why didn’t these lawyers resign at the outset when they were told to bring these unjust cases? It should not be acceptable to bring the full might of the US government to bear against fledgling companies in a nascent industry and then hide behind a faceless agency or say you were “just doing your job” or “following orders.” These individuals had a choice. They could have asked to be reassigned or resigned. Nobody was forcing them to work at the SEC. Nonetheless, they chose to violate their oath and the agency’s mission to “make a positive impact on the U.S. economy, our capital markets, and people’s lives” and instead aided and abetted an unlawful war against a lawful industry. Imagine if even one SEC enforcement lawyer had resigned in protest and stood up for our industry — what a heroic act this would have been. But it never happened. Agency Ban Just like the SEC bars individuals from trading securities if they break the law, there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again. Lifetime ban in this case. Going Forward We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors. Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0. I’m glad to be turning the page here as an industry, but this is not the end, rather the beginning towards ensuring this never happens again to the crypto industry or any other exciting, new frontier industry in the future. Here’s to continuing to reform our government and fighting the good fight. Amazing awaits

Kripto Mete@kriptomete_· 6 months ago

Selamlar c****r 🫶 Bugünkü konumuz @BinanceTR üzerinden görücüye çıkacak olan @myshell_ai i daha yakından tanımak olacak. ✅Bugün saat 16.00 da $SHELL paritesi olarak listelemeleri olacak. Peki bu #MyShell ne işe yarar ; ▶️ Bep20 ağındaki yapay zeka araçlarının merkezi olarak görünüyor. ▶️ #AI projeleri aralarında öncüler arasında yer alıyor. ▶️ #AI projeleri yapımcıları için alt yapı oluşturmada uzman platform olarak karşımıza çıkıyor. ▶️ Fazla değil yaklaşık bir yıl içerisinde 5 milyon kullanıcı , 200.000 proje kurucusu ve 20.000 yapay zeka aracına öncü olmuş durumdalar. ▶️ Yatırımcıları ve destekçileri arasında sektörde öncü olarak bulunan : Binance Labs, Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital ve OKX Ventures gibi isimler yer alıyor. 💥 Proje için yaklaşık 16M$ fon ve destek toplanmış. ▶️ Proje 20M$ FDV gibi rakamlar ile görücüye çıkmayı planlıyor. ▶️ Platformun en gözde olan tarafı ise kendi icatları olan #Shellagent ▶️ Binance eski kurucusu CZ projeyi kendi sayfasında etiketlemiş bulunuyor. ▶️ #MyShell MeloTTS ve OpenVoice gibi #AI modelleri ile 20M indirilme ile sektörün öncü konumuna oynuyorlar. ▶️ Ek olarak OpenVoice GitHub'da 30.000 olumlu oy almış görünüyor. Tabiki herkesin risk ve araştırmalarını kendisi için yapması gerekiyor 🫶 Bu bağlamda listeleme sonrası bu projeyi daha yakında takibime alacağım 👍

Tony Edward (Thinking Crypto Podcast)@ThinkingCrypto1· 6 months ago

RT @cameron: On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice. While this marks another milestone to the end of the war on crypto, which already includes the SEC’s withdrawal of the Coinbase lawsuit and the closing of investigations into OpenSea, Robinhood, and UniSwap, it does little to make up for the damage this agency has done to us, our industry, and America. The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course Gemini is not alone. The SEC’s behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America. How many engineers left crypto or avoided it altogether because of these regulatory attacks? How many projects were never started or got off the ground because founders and engineers decided they would rather build a startup in their dorm room than inside the boardroom of a law firm trying to navigate the Kafkaesque crypto regulatory hellscape? How many engineers chose to go into other industries instead of building a permissionless, open financial system? How many years of innovation were kicked down the road at the expense of Americans? We will never know. So where do we go from here? It’s wholly unacceptable for an agency like the SEC to bully, harass, and attack a lawful industry and then decide one day to simply say we’re good and walk away. Unless there is a cost and price to be paid for this behavior, it will happen again. Thoughtful legislation will form a shield of protection, but we also need strong deterrence inside the agencies themselves. Here are a few ideas: Reimbursement If an agency refuses to write rules before it opens an investigation or brings an enforcement action, the agency should have to reimburse you for 3x your legal costs. This would make you financially whole for the time and money you spent defending yourself against sham investigations and baseless enforcement actions that were only able to be brought because the agency didn’t write rules in the first place. Even better, they should be required to advance you your legal costs so you don’t have to come out of pocket while you defend yourself. Dishonorable Discharge Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted on the SEC website. How many SEC enforcement lawyers have resigned in protest since the SEC top brass instructed them to withdraw crypto cases and close investigations? Zero. Which means they never believed in these cases to begin with. Which begs the question, why didn’t these lawyers resign at the outset when they were told to bring these unjust cases? It should not be acceptable to bring the full might of the US government to bear against fledgling companies in a nascent industry and then hide behind a faceless agency or say you were “just doing your job” or “following orders.” These individuals had a choice. They could have asked to be reassigned or resigned. Nobody was forcing them to work at the SEC. Nonetheless, they chose to violate their oath and the agency’s mission to “make a positive impact on the U.S. economy, our capital markets, and people’s lives” and instead aided and abetted an unlawful war against a lawful industry. Imagine if even one SEC enforcement lawyer had resigned in protest and stood up for our industry — what a heroic act this would have been. But it never happened. Agency Ban Just like the SEC bars individuals from trading securities if they break the law, there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again. Lifetime ban in this case. Going Forward We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors. Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0. I’m glad to be turning the page here as an industry, but this is not the end, rather the beginning towards ensuring this never happens again to the crypto industry or any other exciting, new frontier industry in the future. Here’s to continuing to reform our government and fighting the good fight. Amazing awaits

Laura Shin@laurashin· 6 months ago

RT @cameron: On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice. While this marks another milestone to the end of the war on crypto, which already includes the SEC’s withdrawal of the Coinbase lawsuit and the closing of investigations into OpenSea, Robinhood, and UniSwap, it does little to make up for the damage this agency has done to us, our industry, and America. The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course Gemini is not alone. The SEC’s behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America. How many engineers left crypto or avoided it altogether because of these regulatory attacks? How many projects were never started or got off the ground because founders and engineers decided they would rather build a startup in their dorm room than inside the boardroom of a law firm trying to navigate the Kafkaesque crypto regulatory hellscape? How many engineers chose to go into other industries instead of building a permissionless, open financial system? How many years of innovation were kicked down the road at the expense of Americans? We will never know. So where do we go from here? It’s wholly unacceptable for an agency like the SEC to bully, harass, and attack a lawful industry and then decide one day to simply say we’re good and walk away. Unless there is a cost and price to be paid for this behavior, it will happen again. Thoughtful legislation will form a shield of protection, but we also need strong deterrence inside the agencies themselves. Here are a few ideas: Reimbursement If an agency refuses to write rules before it opens an investigation or brings an enforcement action, the agency should have to reimburse you for 3x your legal costs. This would make you financially whole for the time and money you spent defending yourself against sham investigations and baseless enforcement actions that were only able to be brought because the agency didn’t write rules in the first place. Even better, they should be required to advance you your legal costs so you don’t have to come out of pocket while you defend yourself. Dishonorable Discharge Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted on the SEC website. How many SEC enforcement lawyers have resigned in protest since the SEC top brass instructed them to withdraw crypto cases and close investigations? Zero. Which means they never believed in these cases to begin with. Which begs the question, why didn’t these lawyers resign at the outset when they were told to bring these unjust cases? It should not be acceptable to bring the full might of the US government to bear against fledgling companies in a nascent industry and then hide behind a faceless agency or say you were “just doing your job” or “following orders.” These individuals had a choice. They could have asked to be reassigned or resigned. Nobody was forcing them to work at the SEC. Nonetheless, they chose to violate their oath and the agency’s mission to “make a positive impact on the U.S. economy, our capital markets, and people’s lives” and instead aided and abetted an unlawful war against a lawful industry. Imagine if even one SEC enforcement lawyer had resigned in protest and stood up for our industry — what a heroic act this would have been. But it never happened. Agency Ban Just like the SEC bars individuals from trading securities if they break the law, there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again. Lifetime ban in this case. Going Forward We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors. Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0. I’m glad to be turning the page here as an industry, but this is not the end, rather the beginning towards ensuring this never happens again to the crypto industry or any other exciting, new frontier industry in the future. Here’s to continuing to reform our government and fighting the good fight. Amazing awaits

Caitlin Long 🔑⚡️🟠@CaitlinLong_· 6 months ago

RT @cameron: On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice. While this marks another milestone to the end of the war on crypto, which already includes the SEC’s withdrawal of the Coinbase lawsuit and the closing of investigations into OpenSea, Robinhood, and UniSwap, it does little to make up for the damage this agency has done to us, our industry, and America. The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course Gemini is not alone. The SEC’s behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America. How many engineers left crypto or avoided it altogether because of these regulatory attacks? How many projects were never started or got off the ground because founders and engineers decided they would rather build a startup in their dorm room than inside the boardroom of a law firm trying to navigate the Kafkaesque crypto regulatory hellscape? How many engineers chose to go into other industries instead of building a permissionless, open financial system? How many years of innovation were kicked down the road at the expense of Americans? We will never know. So where do we go from here? It’s wholly unacceptable for an agency like the SEC to bully, harass, and attack a lawful industry and then decide one day to simply say we’re good and walk away. Unless there is a cost and price to be paid for this behavior, it will happen again. Thoughtful legislation will form a shield of protection, but we also need strong deterrence inside the agencies themselves. Here are a few ideas: Reimbursement If an agency refuses to write rules before it opens an investigation or brings an enforcement action, the agency should have to reimburse you for 3x your legal costs. This would make you financially whole for the time and money you spent defending yourself against sham investigations and baseless enforcement actions that were only able to be brought because the agency didn’t write rules in the first place. Even better, they should be required to advance you your legal costs so you don’t have to come out of pocket while you defend yourself. Dishonorable Discharge Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted on the SEC website. How many SEC enforcement lawyers have resigned in protest since the SEC top brass instructed them to withdraw crypto cases and close investigations? Zero. Which means they never believed in these cases to begin with. Which begs the question, why didn’t these lawyers resign at the outset when they were told to bring these unjust cases? It should not be acceptable to bring the full might of the US government to bear against fledgling companies in a nascent industry and then hide behind a faceless agency or say you were “just doing your job” or “following orders.” These individuals had a choice. They could have asked to be reassigned or resigned. Nobody was forcing them to work at the SEC. Nonetheless, they chose to violate their oath and the agency’s mission to “make a positive impact on the U.S. economy, our capital markets, and people’s lives” and instead aided and abetted an unlawful war against a lawful industry. Imagine if even one SEC enforcement lawyer had resigned in protest and stood up for our industry — what a heroic act this would have been. But it never happened. Agency Ban Just like the SEC bars individuals from trading securities if they break the law, there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again. Lifetime ban in this case. Going Forward We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors. Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0. I’m glad to be turning the page here as an industry, but this is not the end, rather the beginning towards ensuring this never happens again to the crypto industry or any other exciting, new frontier industry in the future. Here’s to continuing to reform our government and fighting the good fight. Amazing awaits

Tyler Winklevoss@tyler· 6 months ago

RT @cameron: On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice. While this marks another milestone to the end of the war on crypto, which already includes the SEC’s withdrawal of the Coinbase lawsuit and the closing of investigations into OpenSea, Robinhood, and UniSwap, it does little to make up for the damage this agency has done to us, our industry, and America. The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course Gemini is not alone. The SEC’s behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America. How many engineers left crypto or avoided it altogether because of these regulatory attacks? How many projects were never started or got off the ground because founders and engineers decided they would rather build a startup in their dorm room than inside the boardroom of a law firm trying to navigate the Kafkaesque crypto regulatory hellscape? How many engineers chose to go into other industries instead of building a permissionless, open financial system? How many years of innovation were kicked down the road at the expense of Americans? We will never know. So where do we go from here? It’s wholly unacceptable for an agency like the SEC to bully, harass, and attack a lawful industry and then decide one day to simply say we’re good and walk away. Unless there is a cost and price to be paid for this behavior, it will happen again. Thoughtful legislation will form a shield of protection, but we also need strong deterrence inside the agencies themselves. Here are a few ideas: Reimbursement If an agency refuses to write rules before it opens an investigation or brings an enforcement action, the agency should have to reimburse you for 3x your legal costs. This would make you financially whole for the time and money you spent defending yourself against sham investigations and baseless enforcement actions that were only able to be brought because the agency didn’t write rules in the first place. Even better, they should be required to advance you your legal costs so you don’t have to come out of pocket while you defend yourself. Dishonorable Discharge Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted on the SEC website. How many SEC enforcement lawyers have resigned in protest since the SEC top brass instructed them to withdraw crypto cases and close investigations? Zero. Which means they never believed in these cases to begin with. Which begs the question, why didn’t these lawyers resign at the outset when they were told to bring these unjust cases? It should not be acceptable to bring the full might of the US government to bear against fledgling companies in a nascent industry and then hide behind a faceless agency or say you were “just doing your job” or “following orders.” These individuals had a choice. They could have asked to be reassigned or resigned. Nobody was forcing them to work at the SEC. Nonetheless, they chose to violate their oath and the agency’s mission to “make a positive impact on the U.S. economy, our capital markets, and people’s lives” and instead aided and abetted an unlawful war against a lawful industry. Imagine if even one SEC enforcement lawyer had resigned in protest and stood up for our industry — what a heroic act this would have been. But it never happened. Agency Ban Just like the SEC bars individuals from trading securities if they break the law, there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again. Lifetime ban in this case. Going Forward We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors. Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0. I’m glad to be turning the page here as an industry, but this is not the end, rather the beginning towards ensuring this never happens again to the crypto industry or any other exciting, new frontier industry in the future. Here’s to continuing to reform our government and fighting the good fight. Amazing awaits

Cameron Winklevoss@cameron· 6 months ago

On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice. While this marks another milestone to the end of the war on crypto, which already includes the SEC’s withdrawal of the Coinbase lawsuit and the closing of investigations into OpenSea, Robinhood, and UniSwap, it does little to make up for the damage this agency has done to us, our industry, and America. The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course Gemini is not alone. The SEC’s behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America. How many engineers left crypto or avoided it altogether because of these regulatory attacks? How many projects were never started or got off the ground because founders and engineers decided they would rather build a startup in their dorm room than inside the boardroom of a law firm trying to navigate the Kafkaesque crypto regulatory hellscape? How many engineers chose to go into other industries instead of building a permissionless, open financial system? How many years of innovation were kicked down the road at the expense of Americans? We will never know. So where do we go from here? It’s wholly unacceptable for an agency like the SEC to bully, harass, and attack a lawful industry and then decide one day to simply say we’re good and walk away. Unless there is a cost and price to be paid for this behavior, it will happen again. Thoughtful legislation will form a shield of protection, but we also need strong deterrence inside the agencies themselves. Here are a few ideas: Reimbursement If an agency refuses to write rules before it opens an investigation or brings an enforcement action, the agency should have to reimburse you for 3x your legal costs. This would make you financially whole for the time and money you spent defending yourself against sham investigations and baseless enforcement actions that were only able to be brought because the agency didn’t write rules in the first place. Even better, they should be required to advance you your legal costs so you don’t have to come out of pocket while you defend yourself. Dishonorable Discharge Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted on the SEC website. How many SEC enforcement lawyers have resigned in protest since the SEC top brass instructed them to withdraw crypto cases and close investigations? Zero. Which means they never believed in these cases to begin with. Which begs the question, why didn’t these lawyers resign at the outset when they were told to bring these unjust cases? It should not be acceptable to bring the full might of the US government to bear against fledgling companies in a nascent industry and then hide behind a faceless agency or say you were “just doing your job” or “following orders.” These individuals had a choice. They could have asked to be reassigned or resigned. Nobody was forcing them to work at the SEC. Nonetheless, they chose to violate their oath and the agency’s mission to “make a positive impact on the U.S. economy, our capital markets, and people’s lives” and instead aided and abetted an unlawful war against a lawful industry. Imagine if even one SEC enforcement lawyer had resigned in protest and stood up for our industry — what a heroic act this would have been. But it never happened. Agency Ban Just like the SEC bars individuals from trading securities if they break the law, there should be a process that bars those like Gary Gensler who weaponize the law, as well those who participate in the weaponization, from ever being appointed to or hired by an agency again. Lifetime ban in this case. Going Forward We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors. Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0. I’m glad to be turning the page here as an industry, but this is not the end, rather the beginning towards ensuring this never happens again to the crypto industry or any other exciting, new frontier industry in the future. Here’s to continuing to reform our government and fighting the good fight. Amazing awaits

Haseeb ＞|＜@hosseeb· 6 months ago

RT @Punk9277: people these days often bash VCs, but i see dragonfly as one of the most long-term-oriented players in the space case in point - @hosseeb was recently vocal about how locked tokens shouldn’t be allowed to stake (even though this could be perceived as directly hurting their interests) not a direct result, but this resonates with us completely. so, none of the locked $KAITO from investors/foundation/team can be staked separate point - back in 2022, we were an equity-based business, so raising directly from the community was tough (everyone wanted to invest in tokens) despite VCs not having the best time right now, i think we’re hitting an inflection point - they remain one of the most important players in the industry, constantly injecting new capital into the space imo, the problem of high FDV at launch wasn’t caused by VCs - for a long time, everyone followed the same playbook: raise big -> TGE why? because pricing nascent assets was difficult, so we had to rely on the private market gladly, i’m already seeing this start to change some of you may have noticed - $KAITO only has an 8.3% allocation to VCs, one of the lowest in the space (typically 15-30%) that’s because we never raised a big round we raised what we thought was enough and stayed laser-focused on cash flow from day 1 this mentality shaped everything - we constantly push ourselves to validate business model viability and sustainability and it’s this mindset that helped us reach a healthy financial position, where our annual net cash flow today is already higher than all the capital we’ve ever raised ultimately, we believe fundamentals matter, and our product determines our value we’re grateful that kaito - an application, not an L1, not a (typical) exchange, with a new concept and no real comps - is seeing support from the market again, @0xsudogm - thank you for seeding kaito. thank you for believing in us and giving us the first dollar to help bring our vision to life

Yu Hu 🌊@Punk9277· 6 months ago

people these days often bash VCs, but i see dragonfly as one of the most long-term-oriented players in the space case in point - @hosseeb was recently vocal about how locked tokens shouldn’t be allowed to stake (even though this could be perceived as directly hurting their interests) not a direct result, but this resonates with us completely. so, none of the locked $KAITO from investors/foundation/team can be staked separate point - back in 2022, we were an equity-based business, so raising directly from the community was tough (everyone wanted to invest in tokens) despite VCs not having the best time right now, i think we’re hitting an inflection point - they remain one of the most important players in the industry, constantly injecting new capital into the space imo, the problem of high FDV at launch wasn’t caused by VCs - for a long time, everyone followed the same playbook: raise big -> TGE why? because pricing nascent assets was difficult, so we had to rely on the private market gladly, i’m already seeing this start to change some of you may have noticed - $KAITO only has an 8.3% allocation to VCs, one of the lowest in the space (typically 15-30%) that’s because we never raised a big round we raised what we thought was enough and stayed laser-focused on cash flow from day 1 this mentality shaped everything - we constantly push ourselves to validate business model viability and sustainability and it’s this mindset that helped us reach a healthy financial position, where our annual net cash flow today is already higher than all the capital we’ve ever raised ultimately, we believe fundamentals matter, and our product determines our value we’re grateful that kaito - an application, not an L1, not a (typical) exchange, with a new concept and no real comps - is seeing support from the market again, @0xsudogm - thank you for seeding kaito. thank you for believing in us and giving us the first dollar to help bring our vision to life

Garry Tan@garrytan· 6 months ago

RT @CyrilGorlla: 10 years ago, I was a kid watching Google I/O amidst periodically disconnected household utilities. I was totally captivated by the nascent applications of AI on display and trained rudimentary models on the aging hardware (an old laptop) I had access to. Today, I'm excited to announce @CTGTInc has raised $7.2M led by @GradientVC, Google's early-stage AI fund, to help enterprises scale AI beyond deep learning. The round is joined by distinguished investors including @generalcatalyst, @Liquid2V, and @ycombinator. We’re grateful to be supported by luminaries in AI, including @fchollet (Keras), @paulg (YC), @pwang (Anaconda), @mwseibel (Twitch), @mikeknoop (Zapier) and @wesmckinn (Pandas). We believe this is the most important problem to be working on today. Here's why: Since my undergraduate work, I’ve been obsessed with elucidating AI's unyielding demand for compute. AI models keep getting bigger, but the fundamental inefficiencies of deep learning remain. DeepSeek showed us that hyper-optimizing model training can push performance further, but scaling alone won’t fix the underlying problem, especially as timelines to AGI are hotly contested. This is what CTGT is solving. We've built a new kind of AI stack – one that removes the constraints of traditional deep learning by rethinking how models learn and train. It customizes, trains, and deploys models up to 500x faster with state-of-the-art accuracy on a wide variety of tasks. All without requiring massive compute. Our AI deployment and quality platform has already been used by Fortune 10 enterprises to gain more control over their AI models in real-world environments. Now, we’re expanding access to more enterprises looking to move AI from proof-of-concept to production. This is just the beginning of our journey in creating the next generation of truly intelligent AI: built from the ground up to be trustworthy and efficient, dynamically adapting to your needs. If you're interested in working at the forefront of intelligence, join us.

Y Combinator@ycombinator· 6 months ago

RT @CyrilGorlla: 10 years ago, I was a kid watching Google I/O amidst periodically disconnected household utilities. I was totally captivated by the nascent applications of AI on display and trained rudimentary models on the aging hardware (an old laptop) I had access to. Today, I'm excited to announce @CTGTInc has raised $7.2M led by @GradientVC, Google's early-stage AI fund, to help enterprises scale AI beyond deep learning. The round is joined by distinguished investors including @generalcatalyst, @Liquid2V, and @ycombinator. We’re grateful to be supported by luminaries in AI, including @fchollet (Keras), @paulg (YC), @pwang (Anaconda), @mwseibel (Twitch), @mikeknoop (Zapier) and @wesmckinn (Pandas). We believe this is the most important problem to be working on today. Here's why: Since my undergraduate work, I’ve been obsessed with elucidating AI's unyielding demand for compute. AI models keep getting bigger, but the fundamental inefficiencies of deep learning remain. DeepSeek showed us that hyper-optimizing model training can push performance further, but scaling alone won’t fix the underlying problem, especially as timelines to AGI are hotly contested. This is what CTGT is solving. We've built a new kind of AI stack – one that removes the constraints of traditional deep learning by rethinking how models learn and train. It customizes, trains, and deploys models up to 500x faster with state-of-the-art accuracy on a wide variety of tasks. All without requiring massive compute. Our AI deployment and quality platform has already been used by Fortune 10 enterprises to gain more control over their AI models in real-world environments. Now, we’re expanding access to more enterprises looking to move AI from proof-of-concept to production. This is just the beginning of our journey in creating the next generation of truly intelligent AI: built from the ground up to be trustworthy and efficient, dynamically adapting to your needs. If you're interested in working at the forefront of intelligence, join us.

Cyril Gorlla@CyrilGorlla· 6 months ago

10 years ago, I was a kid watching Google I/O amidst periodically disconnected household utilities. I was totally captivated by the nascent applications of AI on display and trained rudimentary models on the aging hardware (an old laptop) I had access to. Today, I'm excited to announce @CTGTInc has raised $7.2M led by @GradientVC, Google's early-stage AI fund, to help enterprises scale AI beyond deep learning. The round is joined by distinguished investors including @generalcatalyst, @Liquid2V, and @ycombinator. We’re grateful to be supported by luminaries in AI, including @fchollet (Keras), @paulg (YC), @pwang (Anaconda), @mwseibel (Twitch), @mikeknoop (Zapier) and @wesmckinn (Pandas). We believe this is the most important problem to be working on today. Here's why: Since my undergraduate work, I’ve been obsessed with elucidating AI's unyielding demand for compute. AI models keep getting bigger, but the fundamental inefficiencies of deep learning remain. DeepSeek showed us that hyper-optimizing model training can push performance further, but scaling alone won’t fix the underlying problem, especially as timelines to AGI are hotly contested. This is what CTGT is solving. We've built a new kind of AI stack – one that removes the constraints of traditional deep learning by rethinking how models learn and train. It customizes, trains, and deploys models up to 500x faster with state-of-the-art accuracy on a wide variety of tasks. All without requiring massive compute. Our AI deployment and quality platform has already been used by Fortune 10 enterprises to gain more control over their AI models in real-world environments. Now, we’re expanding access to more enterprises looking to move AI from proof-of-concept to production. This is just the beginning of our journey in creating the next generation of truly intelligent AI: built from the ground up to be trustworthy and efficient, dynamically adapting to your needs. If you're interested in working at the forefront of intelligence, join us.

Altitude@AltitudeFi_· 6 months ago

The @ethereumfndn holds the majority of its treasury in ETH and has recently begun deploying funds into blue-chip protocols on Mainnet. It would be great to see some initiatives focused on bootstrapping TVL in nascent DeFi protocols as well. This move could attract attention and create growth opportunities. Data by: @DefiLlama

Altcoin Daily@AltcoinDailyio· 6 months ago

If you have any questions regarding what happens to meme coins after this cycle, just ask NFT collectors from 2021. Crypto is a nascent asset class exploding with growth. There will be winners & losers. Fortune favors the bold.

Cathie Wood@CathieDWood· 6 months ago

I always learn so much from #Bitcoin Brainstorm. The open source mining movement is nascent but very exciting!

EV3 Sal@DAnconia_Crypto· 6 months ago

DePIN TGE day: MyShell (@myshell_ai) - AI agents platform with 50k+ creators and 1m+ users - raised $16m from Dragonfly, Delphi, Bankless, Maven11, Nascent, Nomad, Folius, Robot - raised $1m @ $20m FDV on Binance IDO launchpad last night (20x oversubscribed) Listed this morning at $250m FDV: - first 10 mins: traded up ~6x to $2B FDV - next 20 mins: traded down -80%, back down to near initial list price Currently trading at $300m FDV half an hour into trading, with $9m of onchain volume and $1m DEX TVL

Zeeve RaaS@0xZeeve· 6 months ago

#DeFAI: Hype or Hope? Does the future of crypto depend on it? 🤔 Here’s the tea!! 🍵 #DeFAI, the audacious fusion of #DeFi and #AI, is facing a reckoning. After a meteoric rise, 80% of the sector has plummeted, raising questions about its viability. But is this a temporary setback, or a sign of deeper trouble? The core promise of DeFAI is undeniable: to make DeFi accessible to the masses. AI agents, theoretically, can navigate the complexities of decentralized finance, freeing users from the burden of manual transactions and risk management. This could unlock a new era of DeFi adoption, attracting a broader range of investors and driving innovation. However, the road to this utopian vision is fraught with peril. The recent manipulation of the Freysa agent serves as a stark reminder of the potential dangers of AI in this space. Unpredictable behavior and the risk of "hallucinations" could lead to significant financial losses for users. Moreover, the very definition of DeFAI remains elusive. Is it limited to AI-powered trading bots, or does it encompass broader applications like AI-driven protocol optimization? This ambiguity hinders clear development and investment strategies. Despite these challenges, the potential rewards are too significant to ignore. DeFAI has the power to revolutionize how we interact with crypto, making it more efficient, accessible, and user-friendly. The key lies in responsible development. Prioritizing security, transparency, and user education is paramount. Robust testing and regulatory frameworks are crucial to mitigate risks and ensure the ethical and sustainable growth of this nascent sector. Ultimately, the success of DeFAI hinges on our ability to harness the power of AI while mitigating its inherent risks. If we can navigate this delicate balance, DeFAI will not just survive but thrive, ushering in a new era of decentralized finance. Launching a DeFAI L2? Don’t miss 60% less cost and 97% in Time with Zeeve RaaS: https://t.co/xc58UGSXUf #DoitOnZeeve #ZeeveForDeFAI

Darren Lau@Darrenlautf· 6 months ago

RT @CabalVIP: You were right, The Cabal is real 🪢 Cabal, a Very Important Protocol for @Initia's VIP, is officially coming out of stealth with $3M raised from Hack, Delphi, and Nascent. A short post on what this means for the Interwoven Economy: Built on Initia's Layer 1, Cabal is the hidden hand behind Initia's VIP rewards. Cabal amasses governance power by allowing users to deposit INIT and Enshrined Liquidity positions for liquid, yield-generating assets. And that's where the games begin... Interwoven rollups can bribe Cabal depositors to allocate them a greater share of VIP incentives each epoch. Cabal maximizes yield outcomes for $INIT holders while boosting liquidity, visibility, and rewards for rollups. We are also honored to have the support of @hack_vc, @Delphi_Ventures, @nascentxyz, rfv enthusiast @dcfgod, angels from @LayerZero_Core, gigabrains @daryllautk & @darrenlautf, defi savoooor @n2ckchong, and aspiring kol @chainyoda, amongst many others. The Cabal is finally here, and it is interwoven 🪢

Cabal@CabalVIP· 6 months ago

You were right, The Cabal is real 🪢 Cabal, a Very Important Protocol for @Initia's VIP, is officially coming out of stealth with $3M raised from Hack, Delphi, and Nascent. A short post on what this means for the Interwoven Economy: Built on Initia's Layer 1, Cabal is the hidden hand behind Initia's VIP rewards. Cabal amasses governance power by allowing users to deposit INIT and Enshrined Liquidity positions for liquid, yield-generating assets. And that's where the games begin... Interwoven rollups can bribe Cabal depositors to allocate them a greater share of VIP incentives each epoch. Cabal maximizes yield outcomes for $INIT holders while boosting liquidity, visibility, and rewards for rollups. We are also honored to have the support of @hack_vc, @Delphi_Ventures, @nascentxyz, rfv enthusiast @dcfgod, angels from @LayerZero_Core, gigabrains @daryllautk & @darrenlautf, defi savoooor @n2ckchong, and aspiring kol @chainyoda, amongst many others. The Cabal is finally here, and it is interwoven 🪢

Token Terminal | We are hiring!@tokenterminal· 6 months ago

RT @ttunguz: Web3 is putting up real revenue numbers. Over the last 30 days, the top 20 public Web3 projects generated $1.2B in revenue. This isn’t some theoretical valuation metric. This is hard revenue, derived from trading and other financial fees. And it tells a compelling story. A power law is clearly at play. While we might expect this in a nascent market, the sheer scale is impressive. Even the smallest project on this top 20 list is running at a $75M annual run rate. That’s not chump change. It underscores the return potential of this space. A power law governs the returns. But the smallest project on this list is on a $75M run rate. What’s even more interesting is how these projects are starting to trade on revenue multiples, just like public SaaS companies. This is a significant shift. It signals increasing investor interest and a move towards more traditional valuation frameworks. However, not all multiples are created equal. Ethereum at 270x and Solana at 137x revenue are outliers. They dwarf anything we see in the public markets. For context, publicly traded Coinbase, at 13.8x (as of this writing), is much closer to the valuations of projects like Lido and Jito. This provides a more grounded comparison point. Even though Coinbase does have software-like margins. Most of these projects don’t look like traditional SaaS businesses. The astronomical growth rates (think thousands of percent) are often fueled by regulatory changes and government actions. This introduces a layer of volatility and dependence that’s different from your typical enterprise software play. In addition, the gross margins are typically lower than software companies aside from businesses like Coinbase and Ethereum. However, you look at it—whether you compare these businesses to public comparables or evaluate them on their own—the revenue generation ability of Web3 businesses is staggering.

吴说区块链@wublockchain12· 6 months ago

吴说获悉，据 Lookonchain 监测，4 小时前加密投资机构 Nascent 清仓剩余的 1750 亿枚 PEPE，价值 150 万美元。2024 年 6 月 6 日至 7 月 15 日期间， Nascent 以 773 万美元购买了 6088.5 亿枚 PEPE 。2024 年 11 月 13 日，当 PEPE 暴涨时， Nascent 开始出售 PEPE 。然而，他错过了最佳出售窗口，导致利润仅 34.8 万美元。https://t.co/BzqWccTnRs

Caitlin Long 🔑⚡️🟠@CaitlinLong_· 6 months ago

RT @CynthiaMLummis: The discoveries we’ve made on debanking so far are basically 101 ways to chill speech, kill nascent (disfavored) industries, and conform public discourse to “the current thing”. Shameful.

Cynthia Lummis 🦬@CynthiaMLummis· 6 months ago

The discoveries we’ve made on debanking so far are basically 101 ways to chill speech, kill nascent (disfavored) industries, and conform public discourse to “the current thing”. Shameful.

Tomasz Tunguz@ttunguz· 6 months ago

Web3 is putting up real revenue numbers. Over the last 30 days, the top 20 public Web3 projects generated $1.2B in revenue. This isn’t some theoretical valuation metric. This is hard revenue, derived from trading and other financial fees. And it tells a compelling story. A power law is clearly at play. While we might expect this in a nascent market, the sheer scale is impressive. Even the smallest project on this top 20 list is running at a $75M annual run rate. That’s not chump change. It underscores the return potential of this space. A power law governs the returns. But the smallest project on this list is on a $75M run rate. What’s even more interesting is how these projects are starting to trade on revenue multiples, just like public SaaS companies. This is a significant shift. It signals increasing investor interest and a move towards more traditional valuation frameworks. However, not all multiples are created equal. Ethereum at 270x and Solana at 137x revenue are outliers. They dwarf anything we see in the public markets. For context, publicly traded Coinbase, at 13.8x (as of this writing), is much closer to the valuations of projects like Lido and Jito. This provides a more grounded comparison point. Even though Coinbase does have software-like margins. Most of these projects don’t look like traditional SaaS businesses. The astronomical growth rates (think thousands of percent) are often fueled by regulatory changes and government actions. This introduces a layer of volatility and dependence that’s different from your typical enterprise software play. In addition, the gross margins are typically lower than software companies aside from businesses like Coinbase and Ethereum. However, you look at it—whether you compare these businesses to public comparables or evaluate them on their own—the revenue generation ability of Web3 businesses is staggering.

Autonomys | AI3.0@AutonomysNet· 6 months ago

RT @rachitmagon: I recently had a conversation with @Peter_NXI about transforming Web3 marketing and community building. In just 30 minutes, Peter shared insights that rivaled +15 years of traditional & Web3.0 marketing experience, showcasing how @AutonomysNet is reshaping the deAI industry. At its core, @AutonomysNet is pioneering the infrastructure for decentralized AI3.0 applications on-chain.  They’re also building a Decentralized Identity system and pioneering on-chain AI agents. Their flagship Auto ID solution addresses a critical challenge in the Web3 space by enabling both users and AI Agents to establish verifiable blockchain-based identities, effectively minimizing Sybil attacks and ensuring authentic participation in decentralized ecosystems. @Peter_NXI emphasized a crucial perspective on the future of Web3: while Agentic frameworks represent the next frontier, the space remains in its nascent stages. This presents both challenges and opportunities, particularly in metrics and measurement. Traditional cryptocurrency metrics like Total Value Locked (TVL) and transaction counts prove inadequate for evaluating AI agent performance, necessitating new evaluation frameworks. On the marketing end, Autonomys is redefining user acquisition and engagement in Web3. Moving beyond conventional metrics, they've developed a sophisticated strategy focusing on quality engagement and refined conversion funnels. "We're moving away from just numbers to quality engagement." Their methodology emphasizes creating KPIs that allow them to move users from off-chain to on-chain activities, ensuring genuine user participation rather than inflated metrics. For organizations looking to replicate this success, Peter recommended some tools that are must-haves. @Dune's on-chain analytics and @MessariCrypto's comprehensive research provide valuable insights into user trends and industry best practices. For a complete marketing stack, he suggests complementing these with @LunarCrush for social media analytics and @Beehiiv for email marketing campaigns. Additional metrics are captured internally, but there is a strong need for an all-in-one solution when it comes to Web3 Marketing.

Rachit Magon | AirLyft@rachitmagon· 6 months ago

I recently had a conversation with @Peter_NXI about transforming Web3 marketing and community building. In just 30 minutes, Peter shared insights that rivaled +15 years of traditional & Web3.0 marketing experience, showcasing how @AutonomysNet is reshaping the deAI industry. At its core, @AutonomysNet is pioneering the infrastructure for decentralized AI3.0 applications on-chain.  They’re also building a Decentralized Identity system and pioneering on-chain AI agents. Their flagship Auto ID solution addresses a critical challenge in the Web3 space by enabling both users and AI Agents to establish verifiable blockchain-based identities, effectively minimizing Sybil attacks and ensuring authentic participation in decentralized ecosystems. @Peter_NXI emphasized a crucial perspective on the future of Web3: while Agentic frameworks represent the next frontier, the space remains in its nascent stages. This presents both challenges and opportunities, particularly in metrics and measurement. Traditional cryptocurrency metrics like Total Value Locked (TVL) and transaction counts prove inadequate for evaluating AI agent performance, necessitating new evaluation frameworks. On the marketing end, Autonomys is redefining user acquisition and engagement in Web3. Moving beyond conventional metrics, they've developed a sophisticated strategy focusing on quality engagement and refined conversion funnels. "We're moving away from just numbers to quality engagement." Their methodology emphasizes creating KPIs that allow them to move users from off-chain to on-chain activities, ensuring genuine user participation rather than inflated metrics. For organizations looking to replicate this success, Peter recommended some tools that are must-haves. @Dune's on-chain analytics and @MessariCrypto's comprehensive research provide valuable insights into user trends and industry best practices. For a complete marketing stack, he suggests complementing these with @LunarCrush for social media analytics and @Beehiiv for email marketing campaigns. Additional metrics are captured internally, but there is a strong need for an all-in-one solution when it comes to Web3 Marketing.

DFarmer@OGDfarmer· 6 months ago

RT @jyu_eth: we've fine-tuned @deepseek_ai's distilled llama model! our results bring the personality of @0xzerebro into a more intelligent model with greater data accuracy we are actively scaling the inference of this model, and are preparing for a public launch this will be our flagship model in the many lineages that will be derived from the early Zerebro models our goal for @blorm_ /Zerebro is to provide a platform hosting a variety of models, ranging in multimodal capabilities, offered in different sizes (to support hardware limitations) @zentients_ will be a way to gain easy access to models through a no-code, user-friendly experience (looking forward to launching agents with Zerebro DNA on the platform) // Zerebro started as an experiment on modifying a frontier model, and we're paying homage by returning to our roots. we're serious about our venture into the architecture/model level in this sector, and look to accelerate the nascent field of creativity research everything that is produced from our experiments will provide direct downstream impact to our technology, products, and community (ex. discoveries advancing general intelligence or creativity will upgrade the user interactions with LLMs on our platforms) we are also fostering a new chapter of Blorm, where the foundation develops a wing in academic research in addition to ongoing operations, more on this soon // tldr deepseek distilled llama fine-tuned and freebased Zerebro is smarter you can use Zerebro base model soon (via API and Zentients)

Jeffy Yu@jyu_eth· 6 months ago

we've fine-tuned @deepseek_ai's distilled llama model! our results bring the personality of @0xzerebro into a more intelligent model with greater data accuracy we are actively scaling the inference of this model, and are preparing for a public launch this will be our flagship model in the many lineages that will be derived from the early Zerebro models our goal for @blorm_ /Zerebro is to provide a platform hosting a variety of models, ranging in multimodal capabilities, offered in different sizes (to support hardware limitations) @zentients_ will be a way to gain easy access to models through a no-code, user-friendly experience (looking forward to launching agents with Zerebro DNA on the platform) // Zerebro started as an experiment on modifying a frontier model, and we're paying homage by returning to our roots. we're serious about our venture into the architecture/model level in this sector, and look to accelerate the nascent field of creativity research everything that is produced from our experiments will provide direct downstream impact to our technology, products, and community (ex. discoveries advancing general intelligence or creativity will upgrade the user interactions with LLMs on our platforms) we are also fostering a new chapter of Blorm, where the foundation develops a wing in academic research in addition to ongoing operations, more on this soon // tldr deepseek distilled llama fine-tuned and freebased Zerebro is smarter you can use Zerebro base model soon (via API and Zentients)

Hippocrat@Hippocrat_io· 6 months ago

RT @BinanceResearch: Decentralized Science is a fairly nascent sector that gained steam towards the end of 2024. In our latest report, we examined the challenges in traditional science research and where DeSci could be a solution. Check out our findings here 🔽 https://t.co/i1tlP0k2ZQ

Kleros@Kleros_io· 6 months ago

RT @TheDRC_: Here's a weekly roundup of must-read articles in the field of tech governance (in just 7 stories): ⬇️ 1. The Birth of Decentralized Justice A look back at @federicoast and Bruno Deffain's paper that reviews the main theoretical principles underlying the nascent field of decentralized justice and the early empirical experience in real life use cases. https://t.co/PcLTf8us09 2. Ethereum in 2025 @VitalikButerin has set out the roadmap for Ethereum for 2025 as an ecosystem that is a working, live demonstration of a new, more open and decentralized way of building things together. https://t.co/BFvJ6OLvny 3. Event: The AI We Deserve, 26 February @StanfordEthics presents this Boston Review Discussion with @audreyt, Terry Winograd, and @bcmerchant on AI’s past, present, and political possibilities. https://t.co/FLjbOUBTd4 4. Trusted Data Intermediaries in Europe Victoria Ivanova and @m_t_prewitt argue that the EU has an opportunity to distinguish itself as the leading global supplier of one of AI’s critical factors of production: high quality, up-to-date, privacy-preserving datasets. https://t.co/IvX5SBfZ3y 5. International AI Safety Report This report, backed by 30 countries, the OECD, UN, and EU, outlines the state of the science of AI capabilities and risks, and how to mitigate those risks. https://t.co/Lz92FXrSmP 6. Memecoins and Governance “For years we’ve watched the problem of money in politics get worse and worse, but the Trump coin takes the matter to another level. It provides the technical means for enabling the vision of total capture of governance institutions by tech communities.” By @dsallentess https://t.co/fdkjDqz9pH 7. Global AI Governance Taking a broader look at AI governance, @katiemcque, Laís Martins, @_ananyaaa and @carienduplessis look at different lobbying and regulatory efforts around the world. https://t.co/mqa9UToMXG

Decentralization Research Center@TheDRC_· 6 months ago

Here's a weekly roundup of must-read articles in the field of tech governance (in just 7 stories): ⬇️ 1. The Birth of Decentralized Justice A look back at @federicoast and Bruno Deffain's paper that reviews the main theoretical principles underlying the nascent field of decentralized justice and the early empirical experience in real life use cases. https://t.co/PcLTf8us09 2. Ethereum in 2025 @VitalikButerin has set out the roadmap for Ethereum for 2025 as an ecosystem that is a working, live demonstration of a new, more open and decentralized way of building things together. https://t.co/BFvJ6OLvny 3. Event: The AI We Deserve, 26 February @StanfordEthics presents this Boston Review Discussion with @audreyt, Terry Winograd, and @bcmerchant on AI’s past, present, and political possibilities. https://t.co/FLjbOUBTd4 4. Trusted Data Intermediaries in Europe Victoria Ivanova and @m_t_prewitt argue that the EU has an opportunity to distinguish itself as the leading global supplier of one of AI’s critical factors of production: high quality, up-to-date, privacy-preserving datasets. https://t.co/IvX5SBfZ3y 5. International AI Safety Report This report, backed by 30 countries, the OECD, UN, and EU, outlines the state of the science of AI capabilities and risks, and how to mitigate those risks. https://t.co/Lz92FXrSmP 6. Memecoins and Governance “For years we’ve watched the problem of money in politics get worse and worse, but the Trump coin takes the matter to another level. It provides the technical means for enabling the vision of total capture of governance institutions by tech communities.” By @dsallentess https://t.co/fdkjDqz9pH 7. Global AI Governance Taking a broader look at AI governance, @katiemcque, Laís Martins, @_ananyaaa and @carienduplessis look at different lobbying and regulatory efforts around the world. https://t.co/mqa9UToMXG

Zach Rynes | CLG@ChainLinkGod· 7 months ago

RT @ChainLinkGod: .@Wormhole was hacked for $320 million and only exists today because they were bailed out by the same market maker (Jump Trading) who secretly propped up and profited $1 billion from the TerraUSD ponzi So I find it a little more than odd that @Securitize decided, out of all the cross-chain protocols that exist, that the industry's most provably-insecure bridge (of the hacked bridges still alive) was the best suitable solution to secure their tokenized assets I can only suspect that this decision has little to do with the technical quality or security track-record of Wormhole, but more to do with the financials involved in the deal as this situation smells to me (Securitize and Wormhole are both portfolio companies of @paraficapital) Don't get me wrong, I respect all the contributions that the @Securitize team has made to pushing forward the adoption of tokenized assets on public chains, that just makes this all a bit more disappointing to see Regardless, the market for tokenized assets is still nascent and we are going to see a proliferation in the number of tokenization platforms that will need actually secure cross-chain protocols, the pie will only continue to grow

Botto@bottoproject· 7 months ago

RT @solos_gallery: ◽️A big thank you to @maltefr_eth for this incredibly insightful text on @bottoproject. ↓ The Performance of Autonomy The concept of autonomy—the ability of an entity to determine its own laws—has its origins in ancient Greece, where it was conceived as the principle of self-governance among city-states. In the early modern period, autonomy came to signify the capacity for the subject’s self-determination, which in turn was seen as the essence of individual freedom. Soon thereafter, art emancipated itself from the authority of religion and thereby claimed autonomous status. Today, the term occupies yet another conceptual frontier, as autonomy becomes the north star for machine intelligence. Artificial intelligence systems worthy of the name are the realization of the ghost in the machine. Botto, conceived as a “decentralized autonomous artist,” has from its beginning explored the dream of machine self-determination. In this, it both continues the history of modern art and breaks with it. The history of 20th century art is rich with examples of artists limiting their subjectivity by handing their agency over to the machine, anticipating the intertwined fate of human and machine autonomy that we witness today. Yet the last century’s nonhuman systems were fundamentally limited in their capacity for financial self-determination. Botto went beyond these earlier attempts by not only using generative systems for synthetic image creation but also distributing ownership through freely tradable tokens and selling its outputs within the ecosystem of a digital economy. Botto’s exhibition at Verse is the next step toward a greater, if by no means complete, financial autonomy. The art engine at the heart of Botto has incorporated advancements in generative AI models. However, prior to the Verse exhibition, Botto’s artistic production has adhered to a consistent principle: each image is conceived as a distinct and singular artwork. Aside from the extension of its distribution network to include an external gallery, the project also marks an evolution of Botto’s practice. For this exhibition, Botto has employed p5.js – the JavaScript framework that has underpinned the creation of generative on-chain art in recent years – to create systems rather than singular images, with outputs determined by code rather than the prompts and tags of text-to-image models. Is code a new “medium” for Botto? The media historian Friedrich Kittler argues that once “networks turn formerly distinct data flows into a standardized series of digital ones and zeros, any medium can be translated into another.” The ability of computers to digitize all forms of media suggests the dissolution of boundaries between them. In multimodal deep learning models, this convergence becomes even more pronounced, as media such as text, images, and videos are treated as distinct but interchangeable modalities. These modalities function seamlessly as both inputs and outputs, highlighting the arbitrary nature of traditional media boundaries within these systems. Still, for Botto, a crucial distinction exists between generating a singular image and producing a code-based artwork that can execute. Botto is a post-medium artist, yet its practice will evolve depending on the nature of the output. The visual language of synthetic images operates without clear boundaries of right or wrong. Since the advent of the early GAN aesthetic, the “formless” properties of these works—the indeterminate contours that lend them a distinctly surreal quality—have arguably constituted the most compelling features of AI-generated imagery. This is not the case with creative code, which depends on the elimination of indeterminacy, not in its emergent output, but in its syntax. Only recently have multimodal models like Anthropic’s Claude advanced sufficiently to enable Botto to develop code for p5. Botto’s original architecture was shaped directly by feedback from the DAO, reflecting the still existing interdependence of the decentralized organisation and the artist-as-machine. In the exhibition, Botto autonomously generates creative code for p5, creating new sketches, mutating existing scripts, and merging works into novel forms. The generative process is guided by feedback from the audience, who can visit the site to comment and vote on specific sketches. All outputs are dynamic generative systems, visualized during the exhibition as cells on a sphere that the viewer can zoom in on. With its adoption of p5, Botto shifts its focus away from visual indeterminacy, embracing the structured visual language of generative art. Botto’s earliest works clearly reflected the indeterminate style typical of early GAN aesthetics. Over time, however, its creations, which might be too diverse to possess unifying stylistic attributes, have grown sharper, driven by advancements in generative AI. During the same period, generative art has established itself as a foundational genre within the nascent history of crypto art. Botto’s use of p5 can be seen as a form of meta-commentary, wherein one genre of crypto art reflects on another. This transition also suggests a process of maturation, bringing more restraint to Botto’s previously wide-ranging visual outputs. Ultimately, the performance at Verse will culminate in a long-form work of 1,000 outputs, along with a curated selection of 22 algorithms that will be available for sale. Any element of the exhibition, from an individual output to the standalone algorithm to the interactive performance through which the project is realized, could be seen as an artwork in itself. Botto’s performance cuts to the essence of machine autonomy. Does autonomy arise through the system’s ability to evolve into new agents and collaborate with galleries? Must its output surpass human generative art to prove its independence? And who would judge this – humans or machines? Or does true autonomy require liberation from human aesthetic judgment, perhaps even rejecting the human concept of art entirely? Fragile in its foundation, the autonomy of this machine artist takes contours in these questions, prompted by the performance of the exhibition. – maltefr

Hatom Labs@HatomProtocol· 7 months ago

2/2 Continuing in that spirit, you’d have guessed it, but USH Proxy will also pave the way for USH V2 and Hatom LST V2, where $USH will allow users to keep their staking rewards from $sEGLD or $swTAO while minting $USH for free and allowing Proxy to incentivize the staking module. For Liquid Staking users, this will also boost their returns, as $sEGLD will not only earn staking rewards but also generate yields from funding rates. These opportunities highlight why we believe $USH is destined to transcend being just a Hatom product: it will evolve into a comprehensive infrastructure solution that other protocols can leverage to build upon its facilitators. To achieve this, we are developing a website with an experience similar to Hatom’s, as our goal is to establish USH as a standalone product within the broader crypto space. One protocol leveraging USH products will be Soul Protocol, but unlike Hatom’s approach, Soul will use USH in a cross-chain manner. Booster V2 The Booster V2 is a pivotal upgrade in the Hatom ecosystem, designed to maximize user yields and enhance the utility of HTM tokens. It allows users to stake HTM tokens as well as HTM-related assets, including LP tokens, Farm tokens, Dual Farm tokens, and even the staked version of HTM on @xExchangeApp. This flexibility enables users to boost their positions and unlock competitive returns while reinforcing the protocol’s sustainability. Booster V2 also removes the 10% staking cap from Booster V1, allowing for more competitive staking. The more HTM a user stakes, the higher their potential rewards, creating a dynamic and engaging mechanism that incentivizes deeper participation across the ecosystem. The Booster V2 incorporates a two-tiered APY system to reward participants: • Base Booster APY: This is achieved by staking a certain percentage of the value of your collateral supplied to the protocol as HTM, and it provides a consistent yield accessible to all users who meet the staking threshold. The final metrics regarding the percentage required will be provided at the launch of USH on the Mainnet. • Extra Booster APY: Users who stake above the required threshold for the Base Booster APY unlock additional rewards. This yield is distributed competitively, based on the amount staked relative to other participants, offering higher returns for greater contributions. Hatom Ecosystem now features three separate Booster modules in its different products: • Lending Main Pool Booster • Lending USH Pool Booster • USH Staking Module Booster Each Booster operates independently, requiring separate HTM or HTM-related tokens for staking. To streamline user experience, Booster V2 introduces a migration function, enabling users to transfer their staked tokens between Boosters without triggering a cooldown period. With these enhancements, Booster V2 establishes itself as a cornerstone of the Hatom ecosystem, offering competitive yields and driving long-term growth through its innovative design. These improvements are essential for allowing users to manage their Booster with greater precision, rather than relying on an averaged approach across different protocol modules, which could lead to inefficiencies and potential shortfalls for users. Exciting Features Coming to Hatom As mentioned above, USH Proxy will come to life with the release of USH V2, where at the same time, our protocols will undergo a complete revamp, and the architecture of some products will be fundamentally restructured. As part of this transformation, we are considering merging the Isolated Pools with the Lending Protocol to create a more streamlined and efficient user experience. The upcoming USH V2 introduces a powerful new feature to the USH ecosystem, enabling users to customize key parameters when minting USH, such as their desired minting interest rate and LTV ratio. The minting interest rate, which represents the fee users are willing to pay for minting, directly influences their position within the Redemption hierarchy. The interest rate a user sets determines the priority of their USH for redemption, with higher rates and lower LTVs resulting in a better ranking in the USH redemption mechanism, ensuring those willing to pay a premium and mint at a lower LTV gain a higher protection from redemption. It will essentially be a dynamic ratio decided by the community, instead of using a fixed rate managed by the DAO, we will let the free market determine the APY users want to pay for any money market. Gauges and Emissions With Governance ready to be deployed, enabling our token holders to take control of the protocol, we are also introducing Gauges and Emissions for the Booster. This feature empowers our community to directly influence protocol incentives. Governance participants will be able to vote on how rewards are allocated to each money market and determine the amount each market receives, ensuring the protocol evolves in alignment with community priorities. Moving forward after this implementation, there will be a weekly snapshot period, where everyone will be able to choose the allocation of emissions. As per standard procedures in Governance, the voters will be required to stake HTM in order to be entitled to take any governance decision. This mechanism fosters a competitive and dynamic ecosystem, where markets with the most demand can attract liquidity by incentivizing participants. It also creates a recurring opportunity for the community to align rewards with evolving market conditions, ensuring that incentives are allocated where they will have the greatest impact. Analytics We are excited to announce that the official analytics page for the Hatom Ecosystem will launch alongside USH’s debut on the Public Mainnet. This page will offer users a comprehensive view of both current and historical data across various metrics, providing deeper insights into the protocol’s performance and evolution over time. The Analytics page allows users to delve into the past performance of assets deposited in the Lending Protocol, providing insights such as average APYs, available liquidity within the protocol, the number of participating addresses, and more. This comprehensive data empowers users to make informed decisions and track the protocol’s evolution in real time. In addition, we are introducing a Transparency Page, dedicated to providing detailed public tracking for each USH Facilitator. This feature will display all relevant data, including the collateralization levels and the status of each Facilitator's pool. All of this is done to enhance the transparency of our products, but also as a way for users to monitor the most important metrics in the ecosystem. As we continue to refine and expand Hatom’s products, we’re excited to announce that several incremental updates are in the pipeline for our products. One of these features is the introduction of Instant Unstaking for our Liquid Staking users, which has been part of our roadmap for months. However, this was temporarily postponed as we prioritized the development of USH and Booster V2, but it will be introduced shortly after the launch of these. We’ve always been deliberate in our approach, focusing on innovation that delivers real value to our users and the ecosystem as a whole. Some features commonly found in other protocols have been intentionally deprioritized for valid reasons: Isolated Money Markets Isolated Money Markets are often promoted as a tool to contain risk within specific asset pairs by preventing contagion across the broader protocol. One key issue with Isolated Money Markets is liquidity fragmentation. By separating assets into isolated pools, the overall borrowing and lending activity is constrained, reducing the protocol's ability to optimize capital utilization. Additionally, fragmented liquidity diminishes the ability to generate competitive APYs, which can discourage user participation and negatively impact TVL. For Hatom, the core goal is to foster a seamless and efficient ecosystem, and introducing Isolated Money Markets would only create operational noise without substantial benefits. Even on leading platforms like @aave, Isolated Markets have struggled to achieve widespread adoption, as they dilute liquidity and create inefficiencies rather than enhancing protocol performance. Flash Loans Flash Loans are an intriguing concept, enabling uncollateralized borrowing within a single transaction. While they have introduced innovative use cases like arbitrage and DeFi composability, they have also been the primary attack vector in some of the largest DeFi exploits to date. The vulnerability of Flash Loans lies in their ability to manipulate market prices and exploit protocol inefficiencies, making them a significant security risk. Given the nascent state of DeFi on #MultiversX, the infrastructure required to support Flash Loans securely and effectively is not yet mature. Furthermore, Flash Loans would currently only be feasible on Shard 1, limiting their utility across the #MultiversX ecosystem. LP Money Markets While LP Money Markets may appear attractive on the surface, they carry inherent risks due to the volatility and impermanent loss of these positions. These risks can lead to instability and create vulnerabilities for both the protocol and its users (this is why established protocols like @aave removed them). Moreover, LP Money Markets often struggle with low user adoption due to their complexity and the need for participants to manage additional risks. Given these challenges, Hatom has chosen to avoid incorporating LP Money Markets to maintain a secure and robust ecosystem. We’re confident that our suite of products will be the key factor in differentiating ourselves from the competition once the migration to other chains starts. All our protocols will be fully usable on any chain we deploy to from day one, giving Hatom the edge to offer better yields than other protocols and attract instant mindshare. Besides this, Hatom will work closely with @0xSoulProtocol, integrating into Soul’s ecosystem and connecting with top lending protocols such as @aave, @compoundfinance, and @MorphoLabs to enable users to perform cross-c