lisa

if you can't hold you can't be rich.

[lisa @_lisa_yo]

@0xCabana @BAI_AGI Curious to watch this evolve. 👀

[CABANA @0xCabana]

The AI agent x finance thesis is one of the more interesting lanes in crypto right now.

Watching how @BAI_AGI turns a user number like this into actual onchain activity, that’s the real test.

Headline metrics are easy, sticky usage isn’t.

[lisa @_lisa_yo]

@SherifDefi Decentralization in action. 🚀

[Sherif @SherifDefi]

Solana went live with onchain governance.

Validators with 100K+ $SOL can propose, votes need 15% cluster support, verified by Merkle proof.

Delegators override their validator's vote with own stake.

SGPs answer should we, SIMDs answer how.

Power moves to delegators?

[Defi Rocketeer @Defi_Rocketeer]

The Stablecoin Liquidity Layer Is Inevitable

I've spent weeks in the CRE maturity data, the FDIC filings, and the 2 Fed FEDS Notes on stablecoins.

The conclusion is uncomfortable for anyone still parking cash in a savings account: banks are structurally incapable of defending their deposit base in 2026.

Here's the math.

[1] The $396B Trap

Depositories hold $396B of the $875B CRE debt wall maturing this year.

Small banks alone carry $2T in CRE exposure vs. $896.5B at large institutions.

→ a concentration risk sitting almost entirely on the regional and community banks that used to compete hardest for your deposit.

Refinancing that debt eats the cash that would otherwise fund competitive yields.

At the same time, banks are sitting on $306.1B in unrealized losses on Treasuries and MBS bought at 1.5-2% in 2020-2021.

HTM accounting defers the pain only as long as they don't sell and don't raise rates to compete for deposits.

Result: banking just posted a 3.39% net interest margin, the highest since 2019.

That margin was built by holding deposit rates near zero while loan rates stayed high.

[2] The Consumer Is Getting Fleeced in Broad Daylight

→ Credit card APR to savings yield spread: 20.4 percentage points, widest on record.

→ UMich Consumer Sentiment: 44.8, lowest in 75 years of tracking.

→ Household debt: $18.8T (NY Fed, Q1 2026).

→ Year-ahead inflation expectation: 4.8%.

A sub-1% savings account against 4.8% expected inflation isn't a bad deal.

It's a guaranteed real loss, and tens of millions of Americans are still in it because the alternative infra hasn't reached them yet.

[3] 1982 vs. 2026 → Why Banks Can't Run the Same Playbook

In 1982, Money Market Funds drained $220B from the banking system, about 15% of deposits.

Banks fought back with Money Market Deposit Accounts and pulled $300B back in three months. Clean balance sheets let them compete on rate and win.

The Fed's own FEDS Note projects up to $1T in deposits, over 4x the 1982 threat, could migrate into stablecoins, pulling as much as $1.26T out of bank lending capacity.

And this time, banks can't mount the 1982 defense: raising deposit rates means crystallizing the CRE and HTM losses they're currently deferring.

They're boxed in by their own balance sheet.

Stablecoins and tokenization directly as the competitive threat, while also calling for a higher-for-longer rate regime, a combination that only makes the migration case stronger.

[4] Who's Actually Building the Rails

The yield gap is already being arbitraged in public:

→ @RobinhoodApp is cash sweep pays 3.35%, over 5x the 0.61% bank average.

→ @PayPal is PYUSD has grown to $4B market cap, proving stablecoin balances scale as a savings substitute, not just a payments tool.

→ @ethena is sUSDe and the broader delta-neutral yield category showed the market that on-chain yield products can absorb real size.

→ @OndoFinance is pushing the tokenized treasury angle for the same yield-hungry capital, just wrapped as RWA instead of stablecoin.

→ @SkyEcosystem has been running the Sky Savings Rate as the base layer, and newer agents like Osero are now building the distribution to route that rate to people who'll never touch a DeFi front end.

None of these win by being crypto. They win because they pay the yield banks structurally cannot.

The yield rail is moving, the only open question is which infra wins the distribution.

DYOR.

[lisa @_lisa_yo]

@SherifDefi Sentiment shifts faster than expected.

[lisa @_lisa_yo]

@Defi_Edward Markets always adapt.

[Edward @Defi_Edward]

The more regulators try to wall off prediction markets, the more demand migrate.

New data suggests US users remain the biggest participants on Polymarket’s political markets despite geoblocks.

Will policymakers embrace that reality or keep pushing activity offshore?

[lisa @_lisa_yo]

@Tanaka_L2 @circle Partner incentives could drive massive long-term adoption.

[lisa @_lisa_yo]

@Nick_Researcher @artemis DEX adoption is accelerating steadily.

[Nick Research @Nick_Researcher]

RWA perps are a real market

The latest @artemis dashboard shows $658.8B in RWA perp volume over 1Y, with $3.8B open interest

What I find interesting is the mix:

- Commodities dominate: 79.2% of RWA perp volume
- FX is second: 15.1%
- Equities remain early: 3.7%
- Indices + ETFs are still tiny: ~2% combined

Crypto traders already understand gold, oil, FX, and macro trades

These assets also move 24/7 in a way that feels more natural for perp markets

The bigger signal: onchain RWA perps now hold 24.2% share vs CEX venues

That means DEX venues are taking meaningful flow from CEXs across RWA markets
- @HyperliquidX's HIP-3 deployers such as @tradexyz
- @Ostium, @OndoPerps, @gmtrade_xyz, etc.

The weekly volume chart also shows a clear shift:

- RWA perp volume was quiet in mid-2025
- Activity accelerated from Q4 2025
- Feb 2026 saw a major spike
- Since then, volume has stayed structurally higher

RWA perps are becoming one of the cleanest ways to trade real-world macro exposure onchain

Global markets is growing big onchain

[Sherif @SherifDefi]

My top 4 for this World Cup: spain, argentina, france, germany. exact order.

@c8ntinuum just launched a winner game with a 20K prize pool, free to enter.

every 5 $CTM = another ticket, so you can spread a few different calls.

This one's got my attention.

I'm betting an airdrop comes after, and the wallets playing now are the ones that'll matter

Waitlist is open too → https://t.co/mnKWeUSiRi, use my code JQZ1X4LN

Closes july 9. already locked mine in

[lisa @_lisa_yo]

@SherifDefi @c8ntinuum Locked in my prediction too.

[lisa @_lisa_yo]

@Tanaka_L2 @ProdigyFi Definitely worth researching further.

[lisa @_lisa_yo]

@SherifDefi @centrifuge Huge milestone for RWAs.

[Sherif @SherifDefi]

A $807B asset manager brought a high-yield bond strategy onchain.

For me the part worth noticing is what stayed the same rather than what changed.

NYLIM's credit process, risk management, the underlying strategy itself: all unchanged.

@centrifuge gave it tokenized infrastructure.

Subscriptions and redemptions settle in USDC, but the fund is still institutionally managed exactly as before.

That’s the part I keep coming back to.

The credit process didn’t change, the rails underneath it did.

And high-yield corporate bonds is a concrete step past the Treasury-fund stuff most institutions have been doing so far.

Worth watching how many more managers follow this exact pattern: established strategy, same guardrails, new distribution layer

[lisa @_lisa_yo]

@Defi_Edward $BTC always finds ways to surprise markets.

[Fabius DeFi @FabiusDefi]

Robinhood Chain just went mainnet, and a few things you must know 👇

@RobinhoodCrypto has officially activated the public mainnet of Robinhood Chain - an L2 built on Arbitrum, focused on financial services and tokenized RWAs.

The bigger context is that @RobinhoodApp is gradually moving from a trading app into a financial super app.

Robinhood now has more than 27.7M funded customers and over $370B in assets on the platform.

In 2025, the company also posted a record $4.5B in revenue, continued expanding internationally, and started building its own financial infrastructure more actively.

And obviously, the launch of Robinhood Chain is a clear part of that direction.

> Some technical details worth noting

Robinhood Chain uses ETH as its gas token, has around 100ms block time, and uses a First-Come-First-Served sequencing model.

This matters because FCFS aims to make transaction ordering more transparent, instead of leaving it as an opaque layer for users.

> Robinhood is also covering gas fees for the first 90 days

That is a strong signal that they want to reduce friction and push early adoption during the initial phase of the chain.

> Current early partners include:

Uniswap deploying a dedicated AMM
Lighter providing perpetuals
Morpho supporting lending, connected to Robinhood Earn with around 7% yield on USDG stablecoin
Chainlink
LayerZero

> Some early opportunities to watch

- @arcus_xyz: currently the top 1 DEX on Robinhood Chain.

Arcus is built by the dYdX Labs team and works directly with Robinhood Crypto.

The waitlist is now open.

- Memecoins/onchain tokens

You can track everything now on Dexscreener or GeckoTerminal.

A few tickers I found worth watching:

$CASHCAT
$ROBINHODL
$HOJAK
$RobinHood
$DIH

- Trading/bridge

You can trade through @BasedBot.

Or bridge via @RelayProtocol and trade directly on Robinhood Chain through Uniswap.

It is still very early, but I think with Robinhood’s existing distribution, the first phase of this chain is worth watching closely 💎

[lisa @_lisa_yo]

@0xCabana Great example of real-world DeFi integration.

[lisa @_lisa_yo]

@Tanaka_L2 @volodymyr_nosov Congrats on the MiCA licence milestone!