So @pendle_fi & @Equilibriafi & @Penpiexyz_io released this video yesterday
Here's my attempt at decoding this cryptic message:
As everybody knows, 7-Eleven is a Convenience Store that originated in US and expanded all over the globe
There's about 80,000 branches all over the globe and ~14,000 branches in Thailand (Owned by CP Group, major publicly listed F&B corporate)
7-11 signifies extreme convenience, every corner of the street you go to, there's a 7-11 for you to buy everything you need
Pendle is trying to realize the 7-11 vision by making its Yield Marketplace accessible to everyone
Now Pendle is only accessible in Defi, only to Defi users. To realize the 7-11 vision, Pendle needs access to millions of users who aren't in Defi.
But where would they be? They could be in Cefi, on CEXs with millions of traders & normies users buying altcoins after their 9-to-5
How to expand to CEX? The first step was the listing of $PENDLE on Binance (to familiarize normies users on what's Pendle)
Second step could likely be a deeper integration of Pendle into Binance. This doesn't necessarily mean they'd do a full roll-out of Pendle products on Binance. It could be in the form of listing "PT & YT Tokens"
Especially PT Tokens where the premise of "Buying an asset at a discount" is pretty to understand and I imagine there'd be an appetite / demand for this
What's third, fourth, and fifth step? Idk. Good to note that
this is pure speculation at the moment and we'll have to wait for 18th July where they'll likely make an announcement
Hi there, I am writing to inform you that we are still here and actively working on the next steps for Lil Bits.
We know the current market conditions are challenging, but we want you to know that we are still 100% focused on cooking the meals to rule the ecosystem; sub-100k inscriptions are history.
Once only 1500 Lil Bits are left to be minted, we will pause the minting process. It will only resume when we reach a specific number of ordinals inscriptions. (The exact number will be announced soon.)
After the minting reopens, the only way to mint Lil Bits will be with WL (the current chefs already have WL).
In the upcoming days, we will share more details about how to get whitelisted.
Please remember that if you are seeking pumpenomics, this may not be the right place for you.
Thank you for your attention, chefs.
Can I be honest with you? IT'S DAMN HARD TO BUILD IN WEB3.
When you try something new, people ask you to repeat the old things.
When you repeat the old things, people ask you to try something new.
When you share more information, people ask for mysteries and surprises.
When you create mysteries and surprises, people ask for more information.
When you have utility, people ask for art.
When you have art, people ask for utility.
When you reveal fast, people dump faster.
When you reveal slowly, people ask wen wen wen.
People ask for more value, but they don't want to pay royalties.
People say they finally got their forever PFP, but they would flip it for 0.1Ξ profit next week.
People call you family, but they sell your ass in seconds when things are not going well.
People sound like they are the best art critics, best business strategists, and best developers combined.
I know.
I know many teams have raised shit tons of funding, done nothing, or done things that holders don't give a fuck.
I know people have PTSD from the countless rugs, hacks, and scams—I feel you because I hold a bag that's probably down much worse than yours.
But when you meet a good team, would you please give them the benefit of the doubt and some time to prove themselves?
If they make mistakes, would you give them constructive feedback instead of destructive fudback?
If they do something right, would you pat them on their shoulders but also remind them to stay humble as the job is not done?
Don't be a hater. But also don't be a fanboy. Be a co-builder that values long-term value rather than short-term gain.
Nothing great was ever built in a day.
Let's build together. Let's grow together. Let's free ourselves from the PvP mindset our society wants us to believe. Let's"go into all the world and preach the gospel to all creation."
To end this long tweet, I don't give you a potato but a tweet by one of my favorite web3 founders:
"I don't know people. Why don't you go start an NFT company and get everything right?"
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P.S. When I wrote "people" above, I meant some people. I am grateful I've met many great people in web3. ❤️
P.P.S. I wrote this before the Captainz reveal, BTC MVP, or @Memecoin so it feels less like I'm only covering my own ass. 💩
P.P.P.S. Hope you are well @GordonGoner. 🙏