When the reactor starts accumulating more $NNE the RFV goes up only
I wonder what kind of experiments happen when a protocol owns their liquidity in a tokenized stock.
The flywheel will be nuclear
$nuke ☢️☢️
It’s been a while so it’s time to remind everyone that robinhood:0x0000000005aca17e8bd5779fc87e13cb433aed24 isn’t far from RFV so it’s actually the most un-nukable thing on RH really
It’s been a while so it’s time to remind everyone that robinhood:0x0000000005aca17e8bd5779fc87e13cb433aed24 isn’t far from RFV so it’s actually the most un-nukable thing on RH really
Pleased to announce our integration with @PareStocks !
PARE splits a tokenized stock into two things you can trade separately: the stock itself at a discount and the dividends it earns. It works like a treasury strip but for stocks and its dividends.
It splits the stock into PT (principal) & YT (dividend) structure in ERC-20s for its listed stocks. We like how Pare becomes a robust avenue (audited by @PashovAuditGrp ) for speculating on a stock's dividend.
Our 1st yield strat with Pare pSPY-DEC27/USDG is now live on Spiral Stake.
With pSPY, you can now hold the S&P 500 at a discount & earn upto 20% APY in dollars on top (powered by @maplefinance 's syrupUSDG) with Spiral Stake.
Your pSPY is self custodied with full exit at any time in one click. The only vault paying dollar yield on pSPY.
Our latest audit is complete ✅
@PashovAuditGrp reviewed the contract behind our pools: 0 critical, 0 high, 0 medium. All 8 findings fixed and re-checked. The fixed contract is already live.
That's two audits down this month.
In DeFi, the code holds your money. There's no bank behind it, no support line, no undo button.
So before we ask anyone to trust it, we pay experienced security researchers to try to break it.
Both reports are public on https://t.co/Icr0sgiFc2
Every new contract gets the same treatment before it holds a dollar of yours.
Which is why a third is already on the horizon for something we have been cooking 👀
Stocks were chapter one.
We built PARE to pull a stock apart: the share on one side, the dividends on the other.
That engine works on more than stocks. Treasuries pay yield. Dollars on-chain pay yield. Anything that pays a yield can be split.
Stocks stay at the core. The engine just gets bigger.
Chapter two will be coming 😎
I've had people asking about @PareStocks and if I am still holding.
The market cap has crashed a good 60-75% from the top. It's been a brutal chart to hold.
Yes, I still hold.
I have almost my entire position, in fact, and I see a lot of upside over the mid-to-long term here, especially after conversations with the dev about how to rapidly break into some new (and imo quite obvious) markets.
I've had a few private discussions with @Divvy0x, PARE's dev, over the past day, and I feel pretty positive about PARE's overall direction here, despite the massive market cap reset. The dev is fully committed to building this out, and I believe he'll keep building hard.
So I feel positive enough on the long-term outlook to even add more at some of the dips.
Some ideas discussed with @Divvy0x that make sense and can immediately increase PARE's TVL (which also will help justify higher market cap and more partnerships):
Increase the potential market surface area (and possible TVL) by extending the protocol to support new token markets beyond just tokenized stocks...into crypto token yields.
Why not lace up the gloves, get into the ring, and go after PENDLE's markets?
You are splitting stocks; why not split crypto token yields too, and build new, interesting markets right around them with immediate markets and potential TVL.
Yes, Pendle is already there.
But for every story of Goliath, there is the story of the David too.
And at ~4M cap here, jumping into Pendle's markets by doing what they are doing, and possibly innovating, extends the future (and not yet realized) TVL of the equity space to the here and now of the token space.
Adding crypto tokens to the yield-splitting menu will let @PareStocks onboard much more crypto capital while still building and expanding into the onchain equity space.
As for the Dox issue, I understand the dev has a young family and is not ready to dox. But as I understand, he's willing to dox in the future after the platform grows and is purusing legal structuring for that inevibility. He's told me directly this is his unicorn, and he's invested everything into it to make it a billion-dollar protocol. I can get behind a dev who believes in what he builds, no matter the market conditions and how rotational capital treats the project.
Right now, the split-dividend market is a tiny onchain market. That's probably why PARE sold off hard when the markets opened up post-audit. The current TVL is tiny, and without significant distribution partners or hype here, it's hard for the market to justify a higher market cap right now.
Keep in mind that not every stock has a dividend here, so it's a subset market. And onchain equities are still quite small, and much of the capital sitting there is highly rotational, degen capital, not yet tradfi capital or slow-moving capital.
So if you are looking at revenue prospects at the current market size, there isn't much of a flywheel that's going to happen yet in the onchain equity space.
Onchain equity markets aren't going to 100x in a week. And projects building around these markets won't either.
Significant new capital needs to move onchain. The ecosystem needs to develop.
This is going to take time. I believe RHC will be right at the center of this, and we will see some big upcoming waves here, but it is going to take time. In the meantime, while the onchain equity market slowly grows, start going after existing crypto markets. Strip the yeild from crypto tokens and compose these into your own markets. Go after PENDLE's own markets here.
Is there room for a ~5M DeFi protocol to grow this way? Yes!
I firmly believe this will be coming. Maybe not this week, maybe not next month, but over the next few months and years, equities are going to go massively onchain and eat a chunk out of the entire TradFi TAM. That's where the long-term growth is.
In the shorter term, though, while we wait for onchain equities to grow, add in the token markets too and capture some of that market share from Pendle.
So yeah, the chart has been beaten up; I've taken a beating with my uPNL here, but the core thesis remains, and the dev remains committed to building this and will extend the protocol to split crypto token yields (ETH yields, etc.). I see a LOT of room for growth here.
It's not the instant 9-figure market cap project we all wanted, and it'll clearly have to earn its way there, but I feel good about its mid- to long-term ability to get there.
A serious builder is incentivized to doxx, communicate often, and come on @MCGlive.
Doxxing helps build credibility, community, and shows you have skin in the game. You also can't easily run away.
While a doxxed founder doesn't guarantee a founder is a good actor, it's a great first step.
Coming on MCG and speaking directly to the market you are trying to get support from can help everyone build perspective. It's a great "vibe check" for the community.
Oftentimes, talking about someone's background, seeing their passion for what they are building, and hearing about their vision makes it easy for people to rally around you.
Even if you don't doxx yourself an interview can go a long way in building a solid community.
@leslieloser_ Add robinhood:0x0000000005aca17e8bd5779fc87e13cb433aed24 as well ser
Energy is the next ai bottleneck trade
https://t.co/DKSIG3y62D
$NNE $NUKE
@JetoLared@nukesfun I disagree completely. The simpler the goal, the better it is. Accumulate as much $NNE as possible. The value prop for the end user is a completely new paradigm. What happens when a defi protocol owns a large share of a potential bottlenecked AI trade (sandisk) w only 1 b mktcap?
@JohannKerbrat Thesis in action indeed! Under that dome the S&P 500 pays out four times a year, and on your chain you can now hold the share without the dividend, the dividend without the share, or borrow against the share. Also in your DMs 🫡😎