Ryne Saxe

ceo @eco. Building more than tweeting. Elsewhere analog.

[Ryne Saxe @rynesaxe]

remains true.

[Ryne Saxe @rynesaxe]

Something people underestimate about stablecoins:

"They're just a dollar, right?"

Unfortunately not. The stable send/swap market across chains is more like forex. There's always a spread. And you're way more sensitive to intrablock price movement because of the tight margin to begin with. Liquidity management and price discovery across this market is actually pretty hard.

At least once each week, we encounter a team that is probably underestimating this by 10x.

[Ryne Saxe @rynesaxe]

@0xrishabhai The second one. Payroll connection, hands down.

[Ryne Saxe @rynesaxe]

@paulg Lovesac solves this.

[Ryne Saxe @rynesaxe]

Thought Leadership they say.

"Faster settlement" has important consequences for market structure.

Eco delivers orchestration infra for our institutional customers to make this transition.

https://t.co/gGixOIVzmU

[Ryne Saxe @rynesaxe]

We gate kept the original Eco App for 2y, constantly optimizing the onboarding flow for real, committed users to self-select and find their way in. Being the new primary balance for most of your users is 100x more powerful than having 100x more users just try it out... Boosts every other reason @proofofnathan listed above.

[Ryne Saxe @rynesaxe]

@corey__cooper @circle @eco @USDC 👀

[Ryne Saxe @rynesaxe]

Breakout, originally "niche" podcasts like @AcquiredFM and @lennysan have something in common: humble, enthusiastic, endearingly nerdy, charismatic, genuine interest in learning as much as possible about what they cover, and sharing it publicly. Hard work but simple formula. Definitely some insight in that.

[Ryne Saxe @rynesaxe]

vibe check

[Ryne Saxe @rynesaxe]

the stablecoin ecosystem rn. @eco looking good here.

[Ryne Saxe @rynesaxe]

I grew up in the type of area that's become ground zero for the data center debate: wide open flat land, close to major water and power sources.

Most of the opposition is remarkably neutral on the philosophical points of whether AI is good or bad. Almost all the debate hinges on water use (ultra sensitive in highly agricultural areas, especially those already fracking oil) and a fair amount of deeper seeded "fabric of the community" type stuff (if one center goes in, more are coming; and lots of deep mistrust of corporate America after jobs hollowed out and pensions repeatedly cut). On both fronts the concern and debate are pretty rational.

@ViktorBunin I'm sure you're right that there's a probably matrix of state sponsorship around AI dis/information floating around on social media. But I haven't (yet) heard sensationalism take over the debate where I'm from. It's based on the very real issues above.

Obviously @WillManidis is a huge thinker on this debate, and he's been calling it out for months: Most of the major AI labs are flubbing comms and policy badly in a way that feeds these local debates on individual centers. And they'll become an increasingly easy target until that's fixed.

[Ryne Saxe @rynesaxe]

@DeanEigenmann Can confirm Josh's process. Annual Letters also very good.

[Eco @eco]

It's been a journey. But it all informs how we build today.

Expertise across onchain and offchain infra, compliance, UI/UX.

That’s why leading stablecoin companies build with Eco.

[Ryne Saxe @rynesaxe]

https://t.co/d0lTj3oj4E

[Ryne Saxe @rynesaxe]

@guywuolletjr You're on fire today

[Ryne Saxe @rynesaxe]

@PaulFrambot Category of hardest no recently?

[Ryne Saxe @rynesaxe]

Random Friday shout-out.

I don't know anyone @joinHandshake but it's one of my favorite startup stories right now. Just seems like incredible grit and commitment, rewarded. Commending @GarrettLord and co.

Midwestern founders ftw.

[Ryne Saxe @rynesaxe]

@andyyy All very correlated. Real stuff.

[Ryne Saxe @rynesaxe]

12/ I'm excited to see this one play out. And I'll just say, it's one huge thing the market is underestimating about how Eco works, and what's to come.

Thanks for reading.

[Ryne Saxe @rynesaxe]

If you're moving money onchain (trading, payments, whatever), onchain/just-in-time routing is an emerging theme you need to be aware of.

The @dflow acquisition news and recent proposals like ERC-8211 prompted me to write this 🧵for my fellow nerds and onchain money movers:

[Ryne Saxe @rynesaxe]

11/ We @eco sit in a market segment (programmable stablecoin flows) where we obsess over this level of execution. We're extremely sensitive to price movements across onchain markets. So we've actually been building native onchain routing tech for a long time.