RWAF member @PreStocks are flying.
Over $1.25 billion volume and now above 20,000 holders.
Hit a new milestone recently by achieving a new ATH for daily active users.
GM my Bookers.
cc @SpuddyA7X
What fixed-term credit opportunities can we fill this morning?
• Lend against $SPACEX by @PreStocks
→ 12% APY, 30D
• Lend against $CARD by @Collector_Crypt
→ 20.8% APY, 30D, 95% LTV
→ High-risk bet on $CARD performance ⚠️
• Lend against $HUMA by @humafinance
→ 8% to 9.6% APY, 15D
• Lend against $pbUSDC by @piggybank_fi
→ 5% to 12% APY, 30D
• Lend against @zeromonkebiz
→ 25% APY, 30D
Some great opportunities out there.
Let's print a little 👀
Asset holders is a useful proxy for the onchain-nativeness of a tokenized asset.
Looking at tokenized stocks:
Assets issued by @xStocksFi, @OndoFinance, & @PreStocks have many onchain holders, while @RobinhoodApp's stocks have 1 holder per asset (= record-keeping use).
Access the world’s greatest private companies through tokenized pre-IPO stocks.
@PreStocks brings 24/7, permissionless trading of companies like SpaceX, OpenAI, and Anthropic onchain.
Powered by Meteora.
NEW: SpaceX is reportedly set to file its IPO documents publicly this week.
Gain pre-IPO exposure to @SpaceX, via @PreStocks, on Solana.
https://t.co/OaUePCYrQN
Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.
Details include:
1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets
2. These tokenized assets would be tradeable on decentralized crypto platforms
3. The move could "reshape the landscape of the American stock market"
4. This would also be one of the US' biggest shifts into crypto infrastructure yet
Tokenized assets are rapidly expanding.
The line between public and private markets is blurring.
More than 18k wallets on @solana now hold tokenized exposure to private companies.
These assets, issued by @PreStocks, provide onchain economic exposure to companies like @SpaceX, @OpenAI, @AnthropicAI, and more.
SpaceX IPO drops June 12. @anduriltech, @Kalshi, @Polymarket queued behind it.
All tradable on @solana via @PreStocks — now with up to 4.8× spot margin on Lavarage.
Real PreStocks tokens back every position. Repay anytime to claim them.
ALERT: $SPACEX onchain volume has surged to $15.2M (+430%) in the last 24 hours ahead of the June IPO, now trading at a $2.1T implied FDV.
Live on Solana via @PreStocks.
https://t.co/OaUePCYrQN
JUST IN: SpaceX @PreStocks volume on @Solana has surged to $11.9M in the last 24 hours as IPO speculation builds, with the market now trading at a $2.08T implied FDV.
SpaceX. OpenAI. Anthropic.
Forbes says their IPOs would outstrip every other startup exit since 2016. Combined.
Retail has never been able to touch any of them.
Until now. Freeport lets you get exposure to all three today.