josh

founder @ raindex/rainlang (@rainprotocol), @cyclofinance, @st0x_io, @albion_labs

[ST0x @st0x_io]

ST0x launches $SGOV

Tokenised BlackRock's iShares 0-3 Month Treasury Bond ETF

Permissonless. Built for Defi

We are just getting started

[josh @highonhopium]

@st0x_io I’m in lfg

[josh @highonhopium]

Another big one!

[ST0x @st0x_io]

Equities are moving onchain.

Join us for a live X Space as we explore the future of onchain equities and the ST0x × @nansen_ai partnership.

Hear perspectives from leaders across crypto data, tokenized markets and traditional finance:

➜ @toby_meller - Co-Founder, ST0x
➜ Head of Research - Nansen
➜ Jay Heller - Head of Capital Markets, @Nasdaq

Where institutional-grade data meets tokenized markets.

🗓 Tuesday, March 10
⏰ 3PM UK | 10AM NY

Set your reminder and come through.

See you there 🤝

[josh @highonhopium]

what i love about cc/agents is it doesn't just make you faster. it makes you more ambitious - you stop filtering ideas by how long they'd take to build.

ideas that have sat around in hackmds for years, i can just go and build on a random weeknight

[josh @highonhopium]

woke up at 2am, knew my agents had been busy working on something and couldn't resist jumping back in... spent an hour in the middle of the night, jumping between three agents building three different things

i am cooked 😅

[josh @highonhopium]

we spent years building rain to make onchain logic readable for humans, not just solidity devs. the whole thesis was that normal people should be able to read onchain logic before they sign it.

funnily enough that’s exactly what you need for reliable human-in-the-loop - if an agent is proposing trades on your behalf, "readable intent" goes from a nice-to-have to the most important feature

[josh @highonhopium]

sometimes it’s hard to separate hype from reality but i spent the last week building out workflows for every part of my life and work and it's so obvious there is no version of the future where humans keep pace with this

already at the point where normal human-speed conversations just seem slowwwww

[josh @highonhopium]

will be on this one later!

[Hydrex @HydrexFi]

Join us tomorrow at 17:00 UTC with @st0x_io as we break down:

• Tokenized Equities
• Real World Assets
• How Hydrex works as the Liquidity Hub

Tap to set a reminder: https://t.co/R2zKDdh0cf

[josh @highonhopium]

the question we have to keep asking with tokenized equities is what actually makes them better than just using a brokerage?

the answer for us has always been composability. if a tokenized stock can plug into vaults, can sit in lending protocols, be part of programmable onchain portfolios, tradeable by agents etc - then we've created something that a brokerage literally cannot offer.

that's what we've been obsessing over for the last two years. not just building a trading app but making sure our tokens are genuinely useful across defi. it's slower and harder than just shipping a frontend but i think it's the only version of tokenized equities that actually justifies existing

[josh @highonhopium]

https://t.co/EhhV0P1WGr

[josh @highonhopium]

built an mcp server for raindex so ai agents can write and deploy trading strategies.

the thing that makes this different is raindex strategies are deploy once, trade many times - your constraints and state live onchain so you can sleep at night knowing the rules can't drift.

plus, the agent doesn't need to know anything about execution, it just defines the price it wants and arbitrageurs and solvers handle the rest. you end up with this clean separation where the agent governs intent and the network handles fulfillment

going to keep experimenting but really feels like this could be rain's killer use case - onchain rules auditable by humans

[josh @highonhopium]

@ZeusRWA afaics defi is the USP that tradfi can't compete with. composability, permissionless access, onchain efficiencies manifesting in better rates and eventually, better spreads

[josh @highonhopium]

@SabretoothSG interesting, so price protection is main hurdle you think

[josh @highonhopium]

tokenized equity tvl is crazy but trading volume hasn't moved proportionally. which means people are putting stocks onchain but not really doing anything with them.

wrapping a stock in an token isn’t going to change anyone's behavior, especially when we’re competing with frankly much simpler web2 products.

what changes behavior is when that token can sit in a lending market, or get put in a strategy that rebalances itself, or get used as collateral in ways your brokerage account literally cannot do. having the defi infrastructure around these tokens is way more important than the tokens themselves

[josh @highonhopium]

@SabretoothSG offchain what is the incentive for people to trade equities?

there's actually tons of liquidity for tokenised equities already

[josh @highonhopium]

@ZeusRWA building @st0x_io :)

[josh @highonhopium]

@ZeusRWA Where can I read more about distributed vs represented?

[josh @highonhopium]

@cainosullivan would love to chat about this for @st0x_io !

[josh @highonhopium]

@ZeusRWA If stablecoins are RWAs, does that mean (central) bank notes are also RWAs? :) Is fiat currency an RWA?

[josh @highonhopium]

@intangiblecoins late to this but 100% agree - without defi utility there's not that much point