LamIngenuity

Reading and surfing through many things Global macro, crypto, web 3, blockchain, AI, Technology and sometimes Geopolitics.

[R @AlphaWizarDD]

In 1999, Warren Buffett gave a 1-hour masterclass explaining why most people never build wealth.

Bookmark it!!

[G | Ethena @gdog97_]

One of the most important themes in the next 12 months will be widening crypto credit spreads to falling risk free rates, discussed 45min in the link below.

DeFi in the last cycle lived in a vacuum with no real connective tissue to legacy fixed income markets. Now as rates fall and crypto native spreads widen there are a variety of vehicles through which dollars will effortlessly enter DeFi on a scale that dwarfs 2021.

I expect to see several ETPs on the underlying and DATs focused on raising accretive debt financing to deploy into DeFi in order to monetize the spread. This will be a $50-100b TradFi to DeFi carry trade.

Some tokens are mechanically levered to this trade:
$AAVE $PENDLE $SPK $SYRUP being the most obvious

[G | Ethena @gdog97_]

Seems as though the DAT phenomenon is quite divisive, wanted to share some thoughts on why we thought this was a worthwhile pursuit:

[Ethena @ethena]

Excited to share @neutrl has chosen USDe as the core asset within their basis strategies

Neutrl is bringing institutional-grade, market-neutral strategies onchain by combining OTC deal flow with basis trading via USDe to create accessible, crypto-native yield

Learn more below 👇🏻

[Token Terminal 📊 @tokenterminal]

🏦⛓️ The tokenized AUM for @Securitize is at an all-time high of ~$4 billion.

Securitize powers the largest onchain funds with @BlackRock, @KKR_Co, @Hamilton_Lane, @Apolloglobal, @Vaneck_us, and more.

Tokenized AUM by product & chain 👇

[RWA.xyz @RWA_xyz]

🌐 Other Selections

• BitGo and Dinari Partner to Launch Unified API for Tokenized Stocks and Crypto (https://t.co/k6zQsUZpk3)

• Bybit Launches xStocks: Trade Tokenized US Stocks 24/7 with USDT (https://t.co/QJaK2FN1S4)

• S&P 500 Index Goes Blockchain: Partners with Centrifuge for First-Ever Tokenization (https://t.co/SSUDKQDn4o)

• Securitize and RedStone Develop New Oracle Solution for Tokenized Fund Valuations (https://t.co/khiOtoTr66)

• Moody's Launches First-Ever Onchain Credit Ratings on Solana (https://t.co/zJpnAuhBlf)

• Stable Launches First-Ever Layer 1 Blockchain Dedicated to USDT Payments (https://t.co/OGlryG0Gjd)

• Project Guardian Paper Reveals Role of Ant in Cross-Border Tokenized Deposits (https://t.co/9NcL2Np8sN)

• Ondo and Pantera Capital Launch $250M Fund for Real-World Asset Tokenization (https://t.co/YaTvXpPmdq)

• Digital Asset Secures $135 Million to Expand Canton Network (https://t.co/gRUXLgMEnm)

[Securitize @Securitize]

🚨 BREAKING: The tokenized Real-World Asset (RWA) market just broke an all-time high, surpassing $25 BILLION for the first time ever!

Securitize is leading the charge on the way to $1 TRILLION.

From tokenized treasuries to private credit, and institutional funds to equities, we’re not just participating — we’re building the future of capital markets.

[Securitize @Securitize]

BUIDL breaks new ground on https://t.co/jD3uDlUF83 and Deribit 💥

The @BlackRock USD Institutional Digital Liquidity Fund, BUIDL, issued via Securitize, is now accepted as collateral on @cryptocom and @DeribitOfficial, two of the world’s top crypto exchanges.

This marks a major step forward for tokenized securities becoming core infrastructure in global crypto markets.

[Sonnenshein @Sonnenshein]

"Tokenized securities are still securities. Accordingly, market participants must consider—and adhere to—the federal securities laws when transacting in these instruments."

This is at the very core of our guiding principles at @Securitize.

[Ethena @ethena]

Terminal is building a liquidity hub for sUSDe and institutional assets

Terminal has just launched an early deposit program, accepting USDe, WBTC, & ETH

Alongside early deposits, sENA will begin to accrue Terminal rewards for a potential future airdrop

[Alvaro Cintas @dr_cintas]

What a crazy week in AI 🤯

- Midjourney V1 Video
- ChatGPT Record Mode
- Higgsfield new AI Canvas
- Claude Code MCP Servers
- Google Search Live AI Mode
- MIT Study ChatGPT’s Impact
- MiniMax M1 model & AI Agent
- Tencent open-source 3D model

Here’s EVERYTHING you need to know:

[Ethena @ethena]

Earn up to 18% APY on your crypto dollars starting today via the @ton_blockchain ecosystem and Ethena

Ethena-powered savings goes live in major TON Wallets, directly accessible by 1 billion users

USDe is live on TON Space by @wallet, @tonkeeper, @mytonwallet_io, & TONHub by @yourholders

Hold tsUSDe in Telegram & earn up to 18% APY

[Jana 👑 @JanaCryptoQueen]

If you’ve never used $TON before, this is the ultimate sign.

You can now save dollars inside Telegram and earn up to 18% APY doing nothing but holding.

How to get started in under 2 minutes 🧵👇

[TON 💎 @ton_blockchain]

Great to see @CwalletOfficial supporting $USDe on #TON 💎

[Ethena @ethena]

Getting involved is as simple as accessing Telegram's native wallet and buying and staking USDe:

https://t.co/YznK5A5NJO

[Converge @convergeonchain]

Introducing Converge

The settlement layer for traditional finance and digital dollars, powered by @ethena and @securitize

[Ethena @ethena]

Ethena 2025 Roadmap:

[Securitize @Securitize]

🚀 A major milestone at https://t.co/2NeL9bY6em—@ethena & Securitize introduced Converge, the blockchain built for institutional DeFi. Watch @carlosdomingo explain why this is a game-changer.

[lito @litocoen]

ethena withstood the craziest liquidation cascade ever recorded in crypto without a single issue:

- handled $50m in $USDe redemptions

- captured close to $4m in revenue by automatically closing perp positions trading below spot

- shifted over $500m of collateral towards yield bearing stables

insane resilience, i wonder if there's still any doubters left

[G | Ethena @gdog97_]

USDe is now the fastest USD asset to reach $3b in crypto history