Booooooomin

Now time to heads down build, see you guys in a few months.

Your HYPE ——> My Wallet

Revenue is the only objective metric of value for financial products.

Thank you Vlad Tenev, very cool!

I know everyone is really bulled up on the Robinhood announcement and tokenized equities, and not to be a bear, but the conversation seems to lack a lot of nuance. I'm a long term bull but I expect near term expectations are WAY too high. So lets take a critical look. So, how

Excited for the TENS of users who asked for stocks onchain to finally live their dream

Front ends own the customer relationship and receive most of the value. Users don't care which venue their trades are executed on, they only care that it's a pleasant, low/no cost and quick experience. Users will have the same loyalty to L1s as they have to TradFi venues, zero.

Truth is, nobody really knows. Good morning

Think there's about 2 years left in Crypto to have massive outsized returns on size (200-300%+ years) with really obvious trades. After this short time period of market maturation and capital destruction for people unable to adjust returns will normalize and become equity-like.

The greatest returns come from betting on or against assets people are emotionally attached to. L1s have emotional attachment from people feeling like they're part of a network/community. There's also sunk cost where people are unable to admit their technology or implementation

These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it.  Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful.

Friendly reminder you can put this trade on easily in one click using Insilico Terminal. You can use this baskets trading feature to express long/short market neutral positions. You can use it to put on basis trades in between exchanges. You could also use it for quick trades

NEW CELESTIA ALL TIME LOWS Buy Celestia, Get Molestia

Happy 4th, always praying and wishing for everyone to find something that’s productive and they are simultaneously talented at and enjoy doing. 🇺🇸🦅🦅