@matthewstoller Hilton taking top two for Gov over Steyer, the most populist and progressively aligned candidate, is pretty telling about politics in CA. Becerra was the establishment candidate. The LA Mayor has as much authority and importance as NY Mayor Mamdani. None.
aerodrome does $87m in annual fees, distributes 100% to veAERO voters and LPs, trades at 4.80x price-to-fees. hyperliquid does $96m monthly but at $41B FDV. per dollar of market cap aerodrome returns 6x more to holders. the part that hasn't been priced: july ethereum mainnet launch via velodrome merge brings the protocol from base's $12b monthly volume into ethereum's $46b. if it captures even 10% of ethereum DEX flow, annual fees double. 50%+ market share on base already proven. the model works, the question is whether it travels. 8 weeks to find out.
@bankpolicy Classic… from an industry that got $205b in cumulative bailout funds across 700+ banks during the 2008 financial crisis. @aave bootstrapped a community-led fund. No taxpayer bailout, no government backing… #sitthisoneout#defiunited#defi
Production Markets are a new primitive: participants compete to allocate shared economic resources by betting on the productivity of their allocations.
Each allocation directly funds economic activity, and the prediction and investment are the same act.
Coming first to Aero.
Every so often something happens in crypto
That reinvigorates us about the space
Reminds us of why we're here and
Pushes the boundaries of what's possible.
This is one of those times.
Homebrew Robotics migration page is now live.
You can view the migration details here:
https://t.co/hkpTtsbDFd
Migration opens March 24, 1 PM EST.
More details soon.
Robots are joining the economy.
With Homebrew Robotics, robot actions become paid tasks; when they get stuck, they can “hire” a human via Teleop-on-Demand to finish.
See our @Pumpfun BiP entry below.