Sebastian

Involved in building @yield_xyz

[Sebastian @Sebastianqdf]

@TrustWallet @NFT_Arda @Transak @yield_xyz @shaunhengcj @BanxaOfficial @ashtokyo @Mercuryo_io @naregkhodanian @raincards @tkktkkkk @J2Trappy_ Looking forward to this

[Sebastian @Sebastianqdf]

@MarioNawfal @grok who landed the plane?

[Sebastian @Sebastianqdf]

@WarMonitor3 British passport about the fall down the ranks.....

[Oguz Erkan @oguzerkan]

This is going to drive some people crazy but I’ll say it: $CRWV is a better bet right now than $NBIS.

I own both but I shifted a large part of my $NBIS position to $CRWV after a 9x return.

Here is why:

I previously made the case that $NBIS’s lower leverage was just an illusion and it would leverage up with scale.

We are seeing this as $NBIS quarterly average interest rate on its debt has been increasing, while $CRWV’s has been coming down since it’s getting increasingly derisked as the revenue scales.

Exactly because of that scale, its capex per total revenue is substantially lower than both $IREN and $NBIS.

Meanwhile, it’s trading at 2x 2027 revenue while $NBIS is at 6x.

As I said, I own both, but my $NBIS average is around $30.

If I were considering an entry now, I would definitely go with $CRWV.

[Sebastian @Sebastianqdf]

@SpV_coin @AdityaInvests90 Prob a bot account

[Sebastian @Sebastianqdf]

@PapercutCap @AdityaInvests90 Silly billy

[Sebastian @Sebastianqdf]

@DentistOnMclren @AdityaInvests90 It is and now Corewewve is better capitalised to eat the largest share - Nebius will have to raise capital too…. They’re just late to the party

[Arik Galansky @arik_g]

Yield_xyz is a gateway for adoption in the institutional and retail wallet space. The yield team is at the frontier of driving adoption of earn products across the ecosystem by making it super easy.

Today integrating a confidential vault is super easy!

[TrendSpider @TrendSpider]

Burry's short, Jensen's long...

Where do you stand? $CRWV

[Oguz Erkan @oguzerkan]

$CRWV is becoming a more obvious buy everyday.

$GS predicts $NBIS to generate $35.5 billion in sales and $9 billion in EBIT in 2030.

Important part of their assumption is that this ramp relies on $NBIS securing $13 billion financing.

This will get $NBIS closer to $CRWV in terms of leverage.

I have modelled $CRWV earnings through 2030 and it’s obvious that Debt/EBIT ratio declines below 5x by 2030 if the backlog converts and it reaches 7-8 GW deployed capacity target.

If this is the case, how does it make sense to value $CRWV at the same level as $NBIS when $CRWV has 2x $NBIS’s backlog and its EBT will be higher than $NBIS’s EBIT?

If $NBIS’s valuation is fair here, $CRWV is criminally undervalued.

[Sebastian @Sebastianqdf]

@kiantrades Hedging activity not directional bet

[Sebastian @Sebastianqdf]

@bennybigbull Probably hedging activity

[DFNS @dfnsHQ]

💰 Idle stablecoin balances are the norm onchain. They don't have to be.

Today, we're adding @yield_xyz to @dfnsHQ with 6 vaults on Ethereum and Base.

Allocations is how institutions on DFNS put balances to work: deposit, track, and withdraw, through one API, under the same controls as everything else they run. Each new protocol adds more your treasury can do, without leaving governed infrastructure.

The launch set covers the stablecoins institutions actually hold:
✔️ @SkyEcosystem Savings Rate (sUSDS) on Ethereum
✔️ @gauntlet_xyz USDC Prime on Ethereum and Base
✔️ @SteakhouseFi USDT on Ethereum
✔️ @SteakhouseFi USDC on Base
✔️ @SentoraHQ PYUSD Main (@Morpho V2) on Ethereum (yield on @PayPal's stablecoin)

Four curators. Four stablecoins: USDS, USDC, USDT, PYUSD. Two networks.

And built to be safe:
→ Vault shares mint straight to your DFNS wallet. Your position is exactly what the chain says it is.
→ Every deposit and withdrawal passes the Policy Engine before anything is signed.
→ Rewards are read straight from the chain, calculated correctly across every deposit and withdrawal.

🛡️ Every transaction is checked by Shield, our open-source verification library. Even if something upstream were compromised, no unexpected transaction reaches your wallet.

We're expanding slowly on purpose. ERC-4626 vaults only, for now. They're the industry standard, tested, and curated.

One place for every yield source. Idle treasury becomes working treasury.
That's what onchain core banking is for.

📖 Read it: https://t.co/5MrDzx9dV5
⌨️ Start building: https://t.co/ogU5abTrDV

[YEdu @yashascore]

Building on this foundation, here’s the real alpha I’m seeing for the next 6–12 months.

Instead of picking the right model for each prompt, the next systems will test entire agent workflows at low cost first. They’ll figure out the cheapest way to get a successful result before spending on expensive models.

➥ The same task can cost 10-30x more depending on the path it takes
➥ Chinese open models are now close enough on real work that you can take your best results and use them to create cheaper, custom versions tailored to your exact needs
➥ Most day-to-day work will shift to your own cheaper setups or edge hardware
➥ Expensive frontier models will only be used for the hardest parts

The teams that win will stop tracking raw token counts and start measuring cost per real outcome (like code shipped or problems solved)

[francesco 🏰 @francescoweb3]

Revenue meta

Who could have predicted this?
Of course @castle_labs

[Sebastian @Sebastianqdf]

@OvwomaB @grok verify

[Michael Nadeau | The DeFi Report @JustDeauIt]

The fascinating thing about @Pumpfun right now is that it has the best fundamental story in crypto, yet nobody is talking about it.

For example, how is it that nobody realizes that PUMP paid out over $5.2m to its creators in the dead of a crypto winter over the last 30 days (more than X paid out over the same period, to my knowledge)?

My guess is that PUMP does not pay for data/marketing/investor relations.

As such, the top data firms aren't covering it.

Lesson in there.

Most data/research shops are marketing companies masquerading as data companies.

If you'd like to access our PUMP dashboard, see the link below 👇

[Yield.xyz @yield_xyz]

Stablecoin yields, now live @Trezor powered by https://t.co/EkGa0CMC50.

2M+ users can now access noncustodial stablecoin yield, directly in Trezor Suite.