AuxReignots

everything is gooner casino

[AuxReignots @Reignots]

Getting a few Qs on the ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 thesis - rehashing the below but adding:

-I’m bullish stablecoins of all kinds - GENIUS-compliant or not. It’s a superior product than paper fiat and bank deposits in many use cases. It only accounts for $5-16T of adjusted transactions today. Credit cards are $35-40T, ACH is $100T. A lot more room to grow.

- $USDe is a superior product than many peers. It’s not GENIUS-compliant and that’s ok. It was never a competitor to $USDC. But for a meaningful amount of low-velocity users on @trondao it is superior to ethereum:0xdac17f958d2ee523a2206206994597c13d831ec7 and it just got added to the network. Multi-billion opportunity.

-@gdog97_ was always a Mt Rushmore figure in the current iteration of crypto next to @chameleon_jeff @PaulFrambot etc. but he didn’t really embrace the right tokenomics until the 90% sell-off post-10/10. The recent restructurings indicate he gets it. So now the product AND the token are both excellent.

-people underestimate exponential call options like Ethena pay, Robinhood chain, Tron, etc. you just need one to hit. P(hit) = 1 - (1-C1) * (1-C2)… * (1-Cn). Again we just need one.

Overall the story of $ENA is one of humans under appreciating the integral of exponential functions and the structural discount in “phoenix” comeback stories. This is it.

[AuxReignots @Reignots]

Let's spell out the ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 and $USDE thesis very simply

Following the fee switch vote, the only thing that matters for ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 economics is USDE circulation, which is a function of distribution and adoption

Market cap has gone up $500M in a month and has been adding $20-$40M daily through the weekends

Underlying yield is boosted by greater funding rate arb in crypto and soon to take a stepwise jump when the rumored @tradexyz equity perp funding rate arb partnership kicks in

@RobinhoodCrypto Chain added $320M in 2 months. Just getting started.

Haven't seen any uplift yet from @EthenaPay but of course that's forthcoming too

Every trend says $7.5B is much, much closer than market gives credit for, and of course current valuations give zero value for any of the $10B+ ratchet-ups

And you get all this at a 40%+ effective discount by owning the DAT $USDC which most people don't even know is in existence

Yeah, we're running $PURR back all over again

CC: @tedchenCPC @gdog97_

[AuxReignots @Reignots]

I feel attacked

[Raju PP @rajupp]

Me checking my portfolio on my brand new iPhone Duo

[AuxReignots @Reignots]

@HadickM @williamlegate @Polymarket @nextpredictio Once they purge Shayne it’ll catch up to Kalshi

[AuxReignots @Reignots]

@Joshuatrader1 @zerohedge It’s up 8% into print and trading flat

If you listen to ZH you are ngmi

[AuxReignots @Reignots]

@StuPredicts I predict no pussy tonight for this room

[AuxReignots @Reignots]

@jovialjchan @TiffanyFong The milk’s gone bad and the eggs are scrambled

[AuxReignots @Reignots]

@HyperliquidNews @grok pls explain implications

[AuxReignots @Reignots]

@Deaphen I feel bad for your kids

[AuxReignots @Reignots]

@InvestorCanna @SouthernValue95 @alexandr_wang @finkd @grok explain Zuck’s tax maneuver with these new non voting shares

[AuxReignots @Reignots]

@MirageWL8 Whoa a decade big boy over here

[AuxReignots @Reignots]

@AlbumAura Bro needs to invest in a shaman who can talk to the dead so they can translate for him

[AuxReignots @Reignots]

@AlphaAnemiA @AtlantaFalcons sensational

[AuxReignots @Reignots]

Powerful gay dudes are fucking kings of shit talk man. Wang, Bessent stay spitting that fire

[Alexandr Wang @alexandr_wang]

wait new anthropic merch is kind of lit

[AuxReignots @Reignots]

@alexandr_wang Powerful gay dudes are fucking kings of shit talk man. Wang, Bessent be spitting that fire

[AuxReignots @Reignots]

@TGTAG123 Would make sense

[AuxReignots @Reignots]

$WIX might be next

[Special Situations 🌐 Research Newsletter (Jay) @SpecialSitsNews]

$CRM SALESFORCE TO BUY BRAZE FOR $BRZE $47.50 IN CASH/SHR IN CASH

[AuxReignots @Reignots]

$NBIS raised $3.5B at 6.38% initial, only 2.5% over SOFR

These G-SIBs must be soooo bad at this lending thing

[AuxReignots @Reignots]

@zoomerfied Massive bottom signal for alts

[AuxReignots @Reignots]

@MarathonFusion @grok what is the marginal cost of supply per oz of gold from this technology

[AuxReignots @Reignots]

@hfktrenches I own both...

Sometimes I really wish this community didn't feel like they need to step over each other to win