Marco Pagnini

Crypto Portfolio Manager - DeFi Educator

[Pelican Investments @pelicaninv]

Monad's RWA footprint has grown fast since mainnet — and the surrounding stack has grown with it. Stablecoin liquidity, lending markets, fiat ramps, sub-second finality.

We've been paying close attention to this one. More soon.

#RWAfi #StablecoinYield

[Pelican Investments @pelicaninv]

Of $34.1B in on-chain RWA value, nearly half sits in US Treasuries — the lowest-yielding asset in the category. Corporate credit, which pays meaningfully more, is just 5.2% of the market.

The capital is on-chain. The yield isn't. We're building the bridge.

#RWAfi #RWAYield

[Nebula Finance @NebulaFi_]

We’re thrilled to announce our partnership with @Silk_nodes 🎉

Silk Nodes will be joining Nebula testnet as our first Rollapp validator and sequencer on the Playground.

Stay tuned—big things are coming👀

[Nebula Finance @NebulaFi_]

It’s the SZN of DYMas🎄

Celebrate the moment with us and win a Mystery box of Galxe points!🎁

Don’t miss the drop💧⬇️

[Nebula Finance @NebulaFi_]

Nebula Finance IRO is live on @dymension Playground!

You can purchase $NBL token before the RollApp is launched on Playground testnet.

Only open for 4 days 🕐

Here is how you can join 👇

[Nebula Finance @NebulaFi_]

IRO is not just a launchpad.

🔹Launch tokens before RollApp is live
🔹Custom bonding curves for pricing
🔹1:1 exchange for native tokens post-launch

Playoffs live on https://t.co/a4UKRCKrtO

Soon to Nebula🪐

[Marco Pagnini @MarcoPagnini2]

@NebulaFi_ 3

[Nebula Finance @NebulaFi_]

Nebula Finance is now available on @GalxeQuest☄️

We’d love to give back to our loyal community through social tasks on Galxe.

This is place where we are most generous with meteor drops💧

More updates coming soon!

Start here👉 https://t.co/dcevzTFMJo

[Nebula Finance @NebulaFi_]

We've been silent, but we're back with a splash ! 🌊

Join our exclusive campaign with @IntractCampaign and grab Nebula Points as well as Intract Points

Follow the path and complete tasks, join our community

https://t.co/AIaVoUNJsU

[OrJah💈 @Or_Jah_]

First liquid staking protocol on @dymension

[Sigorta Sihirbazı @sigortaci01]

@NebulaFi_ @dymension 🔥

[OrJah💈 @Or_Jah_]

.@dymension is a blockchains market place

[Nebula Finance @NebulaFi_]

Devs building in stealth, new updates coming soon 💫

[Sam Steffanina @SamSteffanina]

"Tier 1 eastern exchanges are like the mafia"

That's the DM I got which kicked it all off...

Binance and other Tier-1 exchanges have a stranglehold on our industry

Here's some thoughts from Web3 Founders, anonymously.

“What you’ve heard about Binance is 100% true and some of the terms are even worse than what you’ve been told”

This all started when I stated on Gamified "This isn't common knowledge but just so people know - I've heard Binance takes 10-20% of your token supply"

I received a lot of DMs with more compelling information, but no one can go on the record without risking the long-term success of their project, thus the anonymity.

To be clear, these are anecdotes and a summary of information, I'm not guaranteeing that any or all of this is 100% accurate.

DYOR, not financial advice.

Now, here's the tea:

• The Pre-TGE application is incredibly high scrutiny diligence (sometimes bordering on excessive diligence compared to anywhere short of court).

•“They often ask you to provide a legal opinion from a law firm that states your token is not a security, "which is nearly impossible to get in some jurisdictions like the US” (pushing the liability of them listing to YOU) and it’s based on the jurisdiction of the exchange meaning you likely need multiple opinions for different exchanges”

• a % of tokens and payment in USD often accompanies these negotiations, but depending on terms these fees can often be earned back based on whether certain onboarding numbers, volume metrics, etc milestones are met.

"Fees have multiplied in the last 6 months"

• Tier 3 used to charge ~50k, now asking for ~200k-300k

• The same exchange will gave 2 different quotes on very similar projects... " I had one project receive a quote of $1m security deposit, a similar game 2 weeks later was asked for 1.5m and they couldn't explain the disparity"

• CEX are also charging more for "security deposit", which is a pre-funded USDC account. If the token performance in price falls below a predetermined threshold for a period of time (like 24-48 hrs), the deposit is not returned to the project.

“this isn’t a fair system with menu pricing, they will maximally extract what they can”

“the level of bad faith negotiating has gotten a lot worse”

• "The terms that exchanges are pushing for is not only costly to the project, but it's also misaligned with the core community of the project. "

Many times the exchanges are pushing to have projects to delay their TGE or airdrop to the community and have the token launch via their launchpool or launchpad instead.

Effectively this allows the exchange users to frontrun community liquidity. The incentives are getting more and more distorted.

• If it’s a porject thats going to be a multi-billion dollar launch, they split it into 2 things, launch pool allocation which is ~3%, but what they don’t say is the Binance advisory fee which is really where they whack you, starting point is 3% again.

• If you don't list, that's likely to be perceived as weakness. But all it really means is that the token supply that could have gone to community, more of it is being allocated to CEX. For questionable return.

• Their filter isn't really quality of project, it's the ones that will bring them the most users (wallets that sign up to their exchange), and can create the most volume in trading.

• it is definitely a ‘pay to play’ kind of environment. Market makers can play a legitimate function in the market, but are not all made equal.

• The way exchanges ask for money is quite interesting - if they want 200k they ask for $200k equivalent paid in tokens, and they make the value of those tokens debatable.

The fair market value at launch might be $1.00 but they’ll ask for $200k in tokens at $0.10 so the price isn’t 200k it’s really $2m

“basically every exchange does that”

They also add up a bunch of unexpected costs like “listing cost” “implementation fee” and “marketing budget”

• Nearly all projects will need to re-negotiate their terms with all their previous investors to take on BInance's requirements

• Post-launch: they want to see volume (ie. where they make their fees) This is a double-edged sword and playground rife for manipulation.

• They are charging higher and higher fees as they have all the pricing power. Projects generally bend over and take it because there's really no alternative.

• This in no small part is driving the social farming meta, because every project is trying to show vanity metrics because that's what Exchanges want to see.

• Any ‘utility’ token has to have basically an iron-clad defensible argument. Meme coins don’t really have this roadblock (no expectation, no utility, just ‘vibes’, etc) which is one of the reasons I believe we’ve been seeing many exchanges supporting explosive memecoins relatively quickly post-launch this cycle, where as ‘legitimate’ projects have a much higher hurdle to clear.

• Amongst the top exchanges (call it Tier 1/2), no one wants to necessarily be the first to take on the exposure of a big/risky token listing, but once/if a Tier 1 exchange agrees to list, many others will get aboard fairly quickly (‘if its good enough for them, its good enough for us’ kind of mentality)

• Projects are all trying to listing on exchange. The consensus is that this bull has another maybe 18 months left. If teams want some type of liquidity event this cycle (because most are subject to 12 mos locks) Then they have to list now.

And for some perspective, here's a couple of founders opinions on whether T1 exchanges are good or bad for the ecosystem:

"I don't see how T1 don't take advantage of the situation, it's not their responsibility for the better products to be funded as they are in a highly competitive space as well."

And on if they will accept bad projects just for the financial benefit:

“you will never get a project on Binance launch pool that couldn’t have gotten on there it’s self, they’ll never take a trash-tier project”

------------------------------------------

I want to give a huge thank you to the founders who anonymously shared this information.

If you benefitted from this content, please let me know so I can make more of it.

[Nebula Finance @NebulaFi_]

Hey @binance frens, it's '' Liquid Staking RollApp '' but thanks for the highlight ! 📰

Let's step into the future of @dymension together 💫

https://t.co/fQVpGxDDca

[Nebula Finance @NebulaFi_]

Thank you for the support ! Community matters most 💫

[Nebula Finance @NebulaFi_]

Nebula Testnet is live !

Let's dive into a step-by-step user guide on how to participate in the Nebula testnet 👇

[Not Your Money @notyourmoney3]

See you there!

[Nebula Finance @NebulaFi_]

1713128400 - 546573746E6574

Let the Nebula Games begin ⏱️

Whoever solves the riddle, gets the “Riddler” role as soon as discord launches !

Anon - raid the comments 🪐 $DYM

[Nebula Finance @NebulaFi_]

More details coming soon... 👀