018.eth

Consistent small actions compound over time🌱

[ExaGroup @exagroupxyz]

Stablecoins won payments.

But they may not win yield.

JPMorgan's JLTXX points to the next crypto cash stack: stablecoins for movement, tokenized money funds for carry.

Full Exa research:
https://t.co/gCld5GSLFX

[018.eth @018eth]

@permexpat @KostifyInc Probably an insurance claim

[018.eth @018eth]

Read full article here: https://t.co/yNStO108Cp

[ExaGroup @exagroupxyz]

Most tokenization pitches miss the point.

The opportunity is not "putting assets on-chain."

It is redesigning how value is accessed, priced, distributed, and financed.

Stablecoins are above ~$318B. Tokenized capital is no longer a theory.

The capital stack is changing.

[018.eth @018eth]

@PhantomStays Agreed

[poof @poof_eth]

Had a Jane Street interview in 2013 that still bothers me.

It was my 6th round. Final interview. The guy walks in carrying no laptop, no notebook, just a cold brew and what I later realized was a single IKEA tea candle.

He writes on the whiteboard:

food: $200
rent: $800
utilities: $150
candles: $3,600
family: dying

Then he turns around and says, “Optimize.”
I laughed because I thought it was a culture-fit bit. He did not laugh.
So I said, “Well, obviously you spend less on candles.”
He says, “Assume candles are non-discretionary.”
Okay.

I start building a model. Basic constraint satisfaction. Family survival as a soft penalty. Candles as a state variable. Maybe there’s an arbitrage where you buy wholesale paraffin and convert the $3,600 line item into inventory.

He stops me.

“You’re thinking like a consultant.”

That’s when I knew I was in trouble.

He says, “Give me a bid-ask on family dying.”

I say, “What?”

He says, “You’re long candles, short family. Where do you make markets?”

I try to recover. I say the real issue is liquidity: rent and utilities are fixed, food is elastic, candles are emotionally inelastic. Therefore the optimal strategy is to securitize future candle enjoyment and borrow against it.

He nods for the first time.

Then he asks, “What time do you sell the candles?”

I say, “Whenever the market is liquid?”

He says, “Be more specific.”

I say, “Uh… 10 a.m. Eastern?”

For the first time, he smiles.

He goes, “Every day?”

I say, “Every day.”

He says, “In size?”

I say, “In size.”

He says, “And what do we call that?”

I say, “Market manipulation?”

The room gets very quiet.

He looks disappointed and writes something down.

“No. We call it providing liquidity to candle ETFs during the U.S. cash open.”

I try to save it. “Right. Of course. The family isn’t dying because we underfunded them. They’re just experiencing temporary price discovery.”

He nods again.

Then he points back at the board.

I had missed it. The utility bill was $150, but candles provide light. You can zero out utilities.

I update the budget:

food: $200
rent: $800
utilities: $0
candles: $3,750
family: still dying, but now in a more capital-efficient way

He says, “How confident are you?”

I say, “0.95.”

He smiles and circles candles.

“0.95 huh?”

Then he asks me to estimate how many leveraged longs get liquidated if we dump $3,750 of candles at 10:00:01 every morning for 90 consecutive trading days.
Needless to say I did not get the offer.

[Zach Rynes | CLG @ChainLinkGod]

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

[018.eth @018eth]

@shanaka86 Just as the UAE acted early to prevent the Muslim Brotherhood from infiltrating society two decades ago, they are now dismantling terrorist cells before they can take root. Well done!

[018.eth @018eth]

@Azra3861 https://t.co/xghVnUbVmv

[Ocean Expeditions for OceanDAO @oceandao_oe]

Ocean Expeditions is pleased to share our first community announcement.

Following recent arbitral findings, we are providing clarity on the path forward for the $OCEAN ecosystem and reaffirming our long-term commitment to its decentralized future.

Full statement below.

[018.eth @018eth]

Integrity is a blunt refusal to be compromised!

It is doing what is right.

Even if it takes time.
Even if no one sees it.
Even if it costs everything.
Even if the world doubts you.

I have known Bruce and Trent for years — and if there’s one thing that is non-negotiable for them is INTEGRITY.

OCEAN is about to rise and shine again. Stay tuned Navy 🌊

[018.eth @018eth]

@CryptOcelote https://t.co/xghVnUctc3

[Ocean Expeditions for OceanDAO @oceandao_oe]

Ocean Expeditions is pleased to share our first community announcement.

Following recent arbitral findings, we are providing clarity on the path forward for the $OCEAN ecosystem and reaffirming our long-term commitment to its decentralized future.

Full statement below.

[018.eth @018eth]

@hoang_phuong007 https://t.co/xghVnUbVmv

[Ocean Expeditions for OceanDAO @oceandao_oe]

Ocean Expeditions is pleased to share our first community announcement.

Following recent arbitral findings, we are providing clarity on the path forward for the $OCEAN ecosystem and reaffirming our long-term commitment to its decentralized future.

Full statement below.

[Ocean Expeditions for OceanDAO @oceandao_oe]

Ocean Expeditions is pleased to share our first community announcement.

Following recent arbitral findings, we are providing clarity on the path forward for the $OCEAN ecosystem and reaffirming our long-term commitment to its decentralized future.

Full statement below.

[018.eth @018eth]

@UchihaValidator @ether_fi @itstuyo So far my experience with EtherFi & EtherFi team has been impeccable.

What did you find superior?

[Ocean Protocol @oceanprotocol]

https://t.co/3bKvNyMEuH

[Bruce Pon @BrucePon]

If you’re so confident in your story, waive confidentiality on the legal process so everyone can see our witness statements, testimony and filings under oath.

[Ocean Protocol @oceanprotocol]

The ASI Alliance from Ocean’s Perspective

By @brucepon

People are rightly angry and frustrated. No one is a winner in this current state of unease, lack of information and transparency, and mudslinging. Ocean doesn’t see the benefit of throwing around unfounded and false allegations or the attempts to sully the reputations of the projects and people – it just damages both the ASI and Ocean communities unnecessarily.

Ocean has chosen to remain silent until now, out of respect for the ongoing legal processes. But given so many flagrant violations of decency, Ocean would like to take an opportunity to rebut many publicly voiced false allegations, libels, and baseless claims being irresponsibly directed towards the Ocean Protocol project. The false and misleading statements serve only to further inflame our community, while inciting anger and causing even more harm to the ASI and Ocean communities than is necessary.

Rather than throw unsubstantiated jabs, I would like to provide a full context with supporting evidence and links, to address many of the questions around the ASI Alliance, Ocean’s participation, and the many incorrect allegations thrown out to muddy the waters and sow confusion among our community.

This blogpost will be followed up with a claim-by-claim rebuttal of all the allegations that have been directed towards Ocean since October 9, 2025 but for now, this blog gives the context and Ocean’s perspective.

I encourage you to read it all, as it reflects months of conversations that reveal the context and progression of events, so that you can best understand why Ocean took steps to chart a separate course from the ASI Alliance. We hope the ASI Alliance can continue its work and we wish them well. Meanwhile, Ocean will go its own way, as we have every right to do.

These are the core principles of decentralization – non-coercion, non-compulsion, individual agency, sovereign property ownership and the power of you, the individual, to own and control your life.

@HMsheikh4 @bengoertzel @ASI_Alliance @Fetch_ai @SingularityNET @jamie247 @cryptoF0XXY @RealAllinCrypto @bubblemaps @binance @Cointelegraph @CoinDesk @Eljaboom @scottmelker @gordongekko @AltCryptoGems @CryptosBatman @DefiantNews

https://t.co/B1htR2jf4N

[ExaGroup @exagroupxyz]

https://t.co/VH3Riz3nsm

[018.eth @018eth]

@omidchahar85634 @Son_of_Krypto I'm sure the ASI Alliance will find a reasonable solution and things will recover just fine.

One member leaving the alliance is no big deal.

I'm seeing too much FUD frankly

[018.eth @018eth]

@mattunchi There’s been a lot of speculation around the departure of Ocean from the ASI Alliance

And until official information is released, the best unbiased signal left to follow is the market itself

Right now, the market is picking its side

[018.eth @018eth]

@Kymatekk

[018.eth @018eth]

Unafraid to stand on our own.

- 81% of supply burnt
- 10% of circulating supply locked in veOCEAN contracts
- Remaining supply distributed across 37,000 token holders

Exchanges can now relist.
$OCEAN is back! 🌊