plut0

Analyst and Trader

[Down to Finance @downto_finance]

Ran 2694 test suites in 568.06s (10067.88s CPU time): 31280 tests passed, 0 failed, 0 skipped (31280 total tests)

[Down to Finance @downto_finance]

This is why it takes so long. Testing every possible scenario of DETF configurtion.

Building a financial lego kit takes a lot of testing. AI helps write all the tests, but they still take time to run.

Local deployment rehearsal and UI testing is running now.

Playwright and injected wallets are wonderful.

[Defi Traded Fund @DefiTradedFund]

1/ An exchange traded fund (ETF) charges you to hold assets. The DeFi Traded Fund (DTF) holds the same assets to pay you.

Equity exposure and DeFi yield have never come from the same position before. That is the new primitive. Here is how it works.

[Grail.eth @graildoteth]

Ok making a calculated move here.

Sold my $Nude position and moved the entire position to double down on @downto_finance ($DTF), a day before the protocol is turned on (September 7).

All tokens are staked and ready for the protocol launch tomorrow.

This could either be a massively successful trade or a dramatic fail. It's risky, it's dangerous, it's shoving your hand into the fire and hoping you don't end up with permanent scars.

$DTF is trading at around ~6M FDV. Delays and antsy holders have beaten down the cap by 50% over the past few weeks.

WHY?

Novel DeFi. That's why. You can stop there and leave if you don't like long, windy, and probably boring threads.

A lot of infra has pumped this week, especially some of the memestock launchpads (SHROOMS, PAIR, STONK, STONKX)

I get the trade there, and there are clear revenues and a dartboard marketcap on the ceiling (PONS), where you can play a game of 'throw the darts' to guess what market caps are achievable on what chain.

Great. Money to be made there. Easy trades.

But all of these launchpads are basically competing with each other, slicing into each other's pie here, contesting for the same damn volume.

We are NOT pulling in new users here, onboarding retail money, offering unique products that will service the trillions in tradefi.

We are simply rotating crypto bags and calling it volume. Yes, gains are being made. The dry spell walking through the desert is over, and degens have found the oasis full of fruit trees and are ravaging everything edible.

Beyond this frenetic orgy of gains, there's a bigger story unfolding: creating the infra that can handle the 95% of the world's finance NOT plugged into crypto.

This is the world of tradfi, the world of equities, and a world that is just starting to be bridged over into our web3 realm. It's starting as a trickle, but it will become a roaring flood soon.

Protocols and apps that build the infrastructure to channel, maintain, control, and access this will be the next billion-dollar protocols.

And the landscape is wide open, a yet-unviolated wilderness ripe for conquest. That infra is being built out.

The new stuff. The cool stuff, the novel stuff that is creating new spaces where there were none before.

And @downto_finance, if it works, is one of those new and completely wild protocols.

It's doing what Uniswap did for tokens, but for tokenized funds.

One of those new financial protocols that are bringing something brand new to the table, offering yeild where there was, before, no yeild, creating markets that previously did not exist or were too difficult to access efficiently. Or simply taking markets that exist in TradFi and tokenizing them.

I think these kinds of protocols are interesting, and because they are pushing into new frontiers, there is no comparable ceiling by which to easily value them. This can lend to some outrageously ridiculous market cap expansions when the trade becomes the consensus.

Let's talk about WHY I'm DTF @downto_finance.

@downto_finance ($DTF) is trying to create a new kind of product that doesn't yet exist: Decentralized ETFs.

Fund strategies are issued as tokens, and a strategy is composed of tokens: onchain equities, chain protocols, infra, memes, etc.

This turns Downtown Finance into the layer that every onchain asset can be plugged into a vault, managed and monetized. It opens an entire new layer of finance, a new base primitive around which new markets can be created.

TradFi ETFs hold ~14% of the world's investable assets. @downto_finance is going to issue a decentralized version of this (the DETF).

The dev is autistic, and he's trying to solve a very hard problem. This is novel DeFi, the kind of experiment that, if it works, is going to be repriced rapidly.

It can also fail dramatically. The developer, one of the original Olympus DAO team, is taking the Ponzi that ran to billions and trying to tame it and leash it, and direct the mechanisms into a self-balancing ecosystem that allows for decentralized ETFs.

I don't know if this will work.

But if it does, I want to be there.

And at about 5M FDV, this is cheap (but hell of risky here, as the protocol might not work). We've seen other novel DeFi experiments speed-run market caps, with the most recent being SHROOMS, which is altogether far less interesting or innovative than what @downto_finance is doing.

Let's see how this one plays out.

If this works, this will be a 50M+ new DeFi protocol with a path to 9-10 figures.

[Down to Finance @downto_finance]

Staking Phase 1 is up

https://t.co/T3wljaK7cb

[cyotee @cyotee]

https://t.co/gu577NHQ80

[Down to Finance @downto_finance]

I apologize for how long the final testing has taken. Now that the work is complete I can define a roadmap.

First, as an apology, there will be a temporary staking rewards program starting tomorrow, Sept 4, and running until Sept 7.

6M $DTF will be available as rewards for staking $DTF for that time with no lock. Users may claim their rewards and withdraw their principle during that time, if they wish.

On Sept 7, any tokens still staked and unclaimed will be migrated to the protocol DETF rebasing token on or after 00:00 UTC.

This way, everyone can be rewarded for their patience, and give equal entry into the protocol DETF to accrue fees automatically. No need to worry, or stay up long hours to catch the launch.

For those that do not want to stake, or would rather play the market, you will be free to claim your staking rewards and withdraw your principle until the migration.

DETFs use deposits to buy into liquidity. So this migration could result in a drastic price drop depending on how much $DTF is staked and used as the deposit to mint the rebasing token of the Protocol DETF. Manage your positions as you see fit with this notice of protocol activity.

[plut0 @0xplut0_]

@theunipcs God is Good

[Down to Finance @downto_finance]

Compiling 3846 files with Solc 0.8.35

Time for a clean build before what will hopefully be the final test run.

This confirms no false results from cached builds.

[Down to Finance @downto_finance]

https://t.co/SqmXvXD2ML

[Defi Traded Fund @DefiTradedFund]

$8,036,636 RWA volume facilitated through DTF's pools since Monday.

$28,936,636 all time.

11 pools, all protocol-owned. Fees come back as tokenized stocks and stay.

The chain accelerates. So do we. 🏛️

[Frong 🐸 @frongcommunity]

FRONGs roll call 🐸

who's in the pond?

[Defi Traded Fund @DefiTradedFund]

$105.4K in protocol fees generated to date.

None of it sits idle. It funds the hourly draws, the yield paid in $NVDA, $TSLA, $AAPL and $AMD, the $DTF buybacks and a protocol-owned AMM liquidity position that keeps growing.

Fees in, stocks out, depth up.

[Defi Traded Fund @DefiTradedFund]

The treasury just executed a 1.6M $DTF buyback on the open market.

Every previous buyback was permanently staked and removed from circulation, forever.

As part of growth mode, this one is reserved for stakeholders. More soon.

[Jeff @cfm_sol]

Discovered a wallet address that bought $191.5K worth of $FRONG at an average market cap of $6.14M, acquiring a total of 31.2M tokens. The current position is worth $217.5K, showing an unrealized profit of +$24.94K.

More info:
Win Rate: 0%
Total PnL: +$48.4K (+18.85%)
Bal: 1 ETH ($2.45K)

Wallet address: https://t.co/1Hpts2isx0

[Down to Finance @downto_finance]

Only 62 of 34450 tests to fix. Down from 5229 last night.

[Koson ₿ 🀄 @Kosonbtc]

The frog is destined to jump little by little, but when full force comes it can jump 100x its normal distance.
Position yourself in $FRONG
it will soon jump with full force.

[Market Watcher @watchingmarkets]

Gm rh eco bulls ☕️

$AI wants to be the first fast 100x in an up only parabola

$PONS in an up only mode as well

$CASHCAT looks strong

$FRONG is going for it

agentic trading could catch more bids

[Defi Traded Fund @DefiTradedFund]

DTF exists to monetize tokenized-stock dislocations around the clock, not just when NYSE is open.

That is what $CINEMA / $AMC made obvious. CINEMA is paired with tokenized AMC, so demand has to buy the tokenized stock first to get in.

When that flow hits on a weekend, the tape is closed and nobody can mint new AMC tokens against the real share. The onchain float is stuck, demand hits fixed supply, and the tokenized stock trades 10x the listed stock.

Monday the exchange opens and new shares can be minted. Arbitragers mint tokenized stocks, kill the premium onchain, and push the price back to the tape.

Most funds sit that entire weekend gap waiting for the open. $DTF’s mandate is to already hold the tokens, sell the rich tokenized stock into weekend demand, and recycle before anyone else can mint.

[Down to Finance @downto_finance]

Test runs are down to fixing some of the tests themselves. Vault behavior passes under every scenario. These are test initialization errors.

But better safe than sorry.

The whole sseries of tests takes about 3 hours to run.

I will only need to do a full run again as the last step before deploying.