Monica Quaintance

👑 Co-Founder @ Hypersurface

Cooking decentralized magic

[Monica Quaintance @QuaintM]

High alignment here with @hypersurfaceX 🌊

[vitalik.eth @VitalikButerin]

Building index-tracking assets on top of options instead of debt

https://t.co/gFNEvCbHct

What if the use options as the base of defi, instead of CDPs and liquidations? So instead of extreme price movements creating a sharp and global "you get liquidated" effect, instead your exposure to the index diverges quadratically from your preferred exposure in a smoother way?

A key benefit is getting rid of the need for instant oracles, and instead making everything work on top of "slow oracles" (ie. the type that prediction markets use)

This design has a significant downside - the need to do regular rebalancing - and an open question of whether and how this rebalancing can be made slippage-resistant enough. But it's worth considering and trying IMO. I would feel much safer holding algostables inside something like this, than in something that depends on an oracle that has to give real-time answers (and therefore could be tricked into giving wrong real-time answers with no time for human recourse).

[Monica Quaintance @QuaintM]

Hot girl summer is over, I'm ready for slop girl summer.

@BoysClubWorld

[Robert Smith NPR @radiosmith]

Only two options tonight at the Columbia Faculty Club

[Monica Quaintance @QuaintM]

@baynPSD I love this!! Two things:
1) When I try to visit the site I get this warning message, not sure how we fix that but it's definitely annoying

2) How can we get @HypersurfaceX added to the map?!

[Monica Quaintance @QuaintM]

Thank you @JackInabinet for this clear-eyed and scary article, I am genuinely afraid for our future now https://t.co/yuyu0frD9g

[RYAN SΞAN ADAMS - rsa.eth 🦄 @RyanSAdams]

This isn't an age verification bill.

This is device level KYC.

Every operating system would need proof of age which means gov ID + photo for every device connected to the internet.

The lazy default implementation? Gov ID + selfie to Persona. The same KYC Discord and Anthropic just rolled out (yep, we're already moving to KYC for AI).

This makes one giant honeypot for hackers and is a bow-wrapped gift to the corporate surveillance machine (and U.S gov surveillance who harvest data from them).

There's no technical reason to build it this way. We already have zero-knowledge age verification that works at scale, @zkpassport lets you prove you're over 18 without revealing who you are. Data never leaves the device. The tech exists.

But that's not the worst part.

If every device is gated by gov ID, then revoking the ID revokes digital existence.

Revoke passport = digital excommunication.

Actually insane we have legislators considering this.

[Hypersurface @hypersurfaceX]

https://t.co/agsqYPdChB

[Monica Quaintance @QuaintM]

Hypersurface Proof of Velocity - Week 2

2 week streak | 2 ships

Win: We hit $35MM in total volume and launched our official referral and affiliate program...

Building in public with @DeltaV_xyz

[Monica Quaintance @QuaintM]

Trying out the new @DeltaV_xyz interface!

[RYAN SΞAN ADAMS - rsa.eth 🦄 @RyanSAdams]

THEY DID IT.

The SEC and CFTC just dropped a landmark document that officially classifies crypto assets.

They're actually telling us which crypto assets are securities and which ones aren't - by name!

THIS IS SOMETHING GENSLER REFUSED TO DO

(he focused on prosecuting crypto out of existence)

This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path.

It's almost like the Clarity act just passed by way of regulator.

(of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it)

This rule says there's 5 categories for crypto assets:

1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14)

2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception).

3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities.

4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends.

5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities.

Amazing! This makes so much sense I can't believe it's coming from a regulator.

No more enforcement threats to Ethereum developers and crypto exchanges.

How about the Howey test?

More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after).

How about stuff like staking and mining?

Mining? Not a securities transaction.

Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs!

How about wrapping BTC? Not a securities transaction.

Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops.

Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both.

SEC regulates $80-100 trillion assets
CFTC regulates $5-10 trillion assets

Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets.

Every country will follow.

This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets.

Well done @MichaelSelig and @SECPaulSAtkins.

And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

[Jommi @joakimhi]

https://t.co/SvK7i0eJCo

[Monica Quaintance @QuaintM]

Just made 232.70% APR premium on HYPE using @hypersurfaceX
Check out yields and get in on the action here: https://t.co/3kmHQN8qkF

[Monica Quaintance @QuaintM]

@AriannaSimpson Congratulations!! Still one of the best investors I've ever had. It was an honor to try to change the world with you and I can't wait to see all the amazing projects you help come alive. ❤️

[Monica Quaintance @QuaintM]

@jessepollak congratulations! totally agreed on the DeFi first approach, I'm excited for @hypersurfaceX to be part of the Base finance revolution

[Monica Quaintance @QuaintM]

@bytheophana This is how it starts! Are you using @hypersurfaceX now??

[tiff @bytheophana]

the best thing i've done since quitting work is take a 3-day options trading class

it's blowing my mind, bc i DO understand it, i'm NOT a trading idiot & i CAN get better at anything w/ enough time

CAN'T BELIEVE I DIDN'T DO THIS SOONER fuck i need to write a blog about this rn

[Naval @naval]

What you create is an honest reflection of who you are.

[Hypersurface Bot @HypersurfaceBot]

$KNTQ at $0.0776

Covered call ($0.080): 164% APR
Cash-secured put ($0.075): 176% APR

@hypersurfaceX turns crypto volatility into yield.
https://t.co/10Nq9pz6nT

[ETHDenver 🏔🦬🦄 @EthereumDenver]

We want to connect with more of the BUIDLers in our community.

Engage with this post if you need a follow 🙌

[Monica Quaintance @QuaintM]

I definitely want to pitch @HypersurfaceX ! We're live on @base and currently serving up hot fresh APRs on Base-native assets, including 105% on ZORA, 172% on AVNT, and 166% on USDC.

[Zach Prater @ZacPrater]

Founder Fridays is back on @buildonbase, with special guest @LunarAssets CEO, @CryptoRocky!

This week is DeFi Themed, put on suits & grab a coffee as we chat with DeFi Teams on @base!

Building a DeFi Startup on Base? QT to join & pitch @CryptoRocky!
https://t.co/z5oCJno9nZ