We're excited to share that the MonkeDAO Vault is now live on @ridemarkets
A vault where SMB Gen2 & Gen3 holders make trade calls - and the Vault executes them with REAL capital.
More than a prediction market.
Every call is backed by vault capital.
🔗👇
Ride traders’ skin-in-the-game activity now contributes to verifiable credibility scores on @fairscalexyz
with governance, ownership, and futarchy dominating on Solana, you now have access to more key signals of onchain trustworthiness.
1,🤯🤯🤯
Over a thousand apps live, shipped, and breathing on the Solana dApp Store right now.
Hats off, you magnificent builders.
Onward, and don't slow down.
JUST IN: Ride users can harness the power of algorithmic leverage by futarchy governed funds — an estimated top 0.01% performance among traders chasing innovation on @solana
400 trades on @ridemarkets
37x leverage, capped downside, no liquidations.
in a bear market.
Callers take real conviction trades when they cant get wicked out of a thesis
new fund on @ridemarkets live now
the fund design space is wider than people realize:
- open funds
- private funds
- NFT-gated funds
- curated (pre-approved assets only)
This one is NFT-gated 🙊
public tomorrow, my followers get first crack tonight more shapes coming
May's Ownership Coin Report is now live.
In the report, we made the case that transparency and financial legibility are not the same thing. That gap is why the market consistently misprices tokens.
Also included in the Ownership Coin Monthly:
■ @MetaDAOProject ecosystem recap across decision markets, product updates, and financials
■ @StreetFDN teased its next launch — a look at how Street is taking a different approach from other launchpads in the space with its ERC-S framework
■ A case for redemptions vs buybacks, a follow up on the @_Futarchy <> @Gnosis_ experiment, and the redemption proposal by @0xWismerhill
■ An intro to @RideMarkets and how futarchy can enable permissionless capital allocation
■ solana:METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta listed on Coinbase and KuCoin, the first tier-1 exchange listings for an ownership coin
■ @Zinc_Cash, the launch of solana:zinc155BS4mSPk8GXQj4R5hkVDQXcW253pTYq5SGyfi mining, and the #1 program in the @Arcium ecosystem
■ Protocol updates from @AviciMoney, @Loyal_HQ, @UmbraPrivacy, @Solomon_Labs, @Omnipair, @JurassicFi and more
[Full Report in Replies]
What is "Operational Futarchy"?
Dean from @ridemarkets, breaks it down:
"Consensus is very poor for making trades. That's where we came up with Ride Markets. We call it operational futarchy and we hope every single ownership coin can use this to be very nimble with its treasury."
"Put $10 as a bond and trade $1,000 from the treasury, that's 100x leverage. We spin up a prediction market in parallel. It becomes @UmbraPrivacy's Polymarket, @loyal_hq's Polymarket. Every token community gets its own Polymarket and all the fees go back into the treasury." - @deanmachine
what a week (give or take) for Riders
- six live funds, mix of private, invite only and public funds
- +$40k TVL (MORE funds incoming)
- 113 backers
- 23 callers
some highlights: