Anas B. // AnanasBrb.eth

Lawyer + Investor. Built + exited @arts_dao | Active DeFi deployer. Writing about DeFi yields / LPs / crypto regulation / deal structures / RWA 📍🇦🇪🇬🇧🇲🇺

[�� @venes130]

TINASHE X NINE INCH NAILS - NOBODY WANNA DANCE ANYMORE X CLOSER (NINE INCH NOIZE VERSION) (MASHUP)

[Anas B. // AnanasBrb.eth @AnanasBRB]

@0xZeina Love Danang, was there back in 2019.

[Anas B. // AnanasBrb.eth @AnanasBRB]

@0xZeina Big grats! What a move - I gotta follow your calls 🤌🏽

[Anas B. // AnanasBrb.eth @AnanasBRB]

@Kaffchad @ponsiondotcom @the_smart_ape Hey Kaff, I checked this token on basedbot, and apparently the owner can print an unlimited amount of tokens to dilute holders: https://t.co/hgR4s8YusP

[Anas B. // AnanasBrb.eth @AnanasBRB]

@Barthazian …in this ai slop era, great tastemakers such as yourself are now in great short supply unfortunately

[Ash @ahboyash]

Robinhood memecoins <> Stock Tokens ELI5

>> The tokenized stock = base asset
>> The memecoin = a speculative wrapper that routes demand through it

1. How Robinhood tokenized stocks actually work
• Stock Tokens (e.g. $NVDA or $HIMS) are ERC-20s issued by Robinhood Assets
• They give economic exposure to the real NYSE stock but are legally debt securities, not shares
• You do not own HIMS stock, have no voting rights, and cannot redeem for the actual shares yourself

2. How stock tokens are minted
• Only Authorized Participants (KYB-onboarded partner market makers) can mint or burn tokens directly with the issuer
• Regular users can only buy and sell existing tokens on secondary venues: Uniswap AMMs, fomo app
• The market maker buys the real shares in the traditional market (NYSE hours only)
• They then request the issuer to mint the matching number of on-chain tokens (1 token ≈ 1 share)
• The new tokens are sent to the MM’s wallet and sold into on-chain pools (HIMS/USDG, HIMS/BONER, etc.) to keep the token price close to the real stock

3. Float squeeze
• Because minting requires buying the actual shares on the stock market, it can only happen while the stock market is open
• During market close / weekends the on-chain float is frozen (whatever tokens already exist is the entire supply until market opens)
• MMs decide when to mint by watching the on-chain HIMS.RH x USDG pool versus the NYSE price
• If the token trades at a meaningful premium, they mint and sell. If it trades at a discount they can buy tokens and burn them
• Off-hours they cannot do this, so premiums can balloon (this was what happened ytd with HIMS and AMC)

4. How a memecoin paired with the tokenized stock works (BONER <> HIMS)
• When someone buys $BONER, most sizeable buys route USDG → HIMS.RH pool first, then HIMS.RH → BONER pool
• Important: every net buy of BONER = creates a buy of tokenized HIMS
• Those HIMS tokens get locked inside the BONER/HIMS LP as the other side of the pair. The circulating on-chain float of HIMS shrinks
• BONER’s dollar price is (BONER per HIMS token) × (current HIMS.RH dollar price)
• If HIMS.RH is trading at a huge premium, BONER’s “market cap” is inflated by that phantom premium

5. Off-hours / weekend events (what happened with both AMC and HIMS)
• Demand for the memecoin keeps sucking HIMS tokens into the LP
• The remaining HIMS/USDG pool becomes extremely thin.
• Tokenized HIMS price opens far above the Friday NYSE close because nobody can mint new tokens (the memecoins like BONER looked like it is pumping hard in dollar terms)
• Then when the market re-opens, partner MMs buy real HIMS shares, mint fresh tokens, and dump them into the on-chain pools (which obv the premium will collapse)
• BONER holders lose in USD terms even if the BONER/HIMS ratio itself stays strong or keeps rising
• LP providers can theoretically pull liq and sell the HIMS tokens to help close the premium, but the dominant new-supply source is still the authorized MMs

6. What every memecoin<>stock token’s plans are
• Key goal is to squeeze the shorts on the token pairing
• Degens buy memecoin → the pool “sucks” the tokenised stock tokens out of circulation and locks them as LP
• Persistent demand for the memecoin forces MMs to keep minting more tokenised stock tokens during market hours
• Each mint corresponds to Robinhood (or its partners) buying and vaulting a real stock
• Some stocks have large short interest and over time the growing pile of vaulted/on-chain tokens is supposed to tighten the real-world float available to shorts

7. Important to note
• All the on-chain stock supply is tiny compared with the actual stock
• Minting currently has negligible impact on the real stock price or short squeeze dynamics unless the memecoin demand grows insanely large

[Anas B. // AnanasBrb.eth @AnanasBRB]

@Xeer @HypeTerminals just staked mine, curious to see how this goes

[Anas B. // AnanasBrb.eth @AnanasBRB]

@chrmrto @outofpilot great to see you're cooking something new Chiara! 👀

[Anas B. // AnanasBrb.eth @AnanasBRB]

@srinigoes thats quite the hat youve got on there 👀

[Anas B. // AnanasBrb.eth @AnanasBRB]

@shyn_schy @arts_dao @Rahim_mahtab welcome !

[Anas B. // AnanasBrb.eth @AnanasBRB]

@mariannehere lol, maybe they think we live in some kind of "back to the future" timeline, where someone has come back from the future with 10 years of experience already 🤣

[Anas B. // AnanasBrb.eth @AnanasBRB]

@haonguyen6868 …a little island off the coast of Madagascar :)

[Anas B. // AnanasBrb.eth @AnanasBRB]

Gm from paradise

[Anas B. // AnanasBrb.eth @AnanasBRB]

@Rahim_mahtab That is unless we as millennials are also not losing our own marbles too…. 🤣

[Anas B. // AnanasBrb.eth @AnanasBRB]

@girlnerd It’s not everyday you meet someone as cool as you in Paris @girlnerd 👀

[girl.ai 💅🏻 @g0rlnerd]

gm old friends and new ones and those I never met irl

[Anas B. // AnanasBrb.eth @AnanasBRB]

@CryptoStorm__ Everything you could ever want /
need can be found on Marylebone, the Hampstead High Street, Upper Street in Islington, Coal Drop Yards in Kings Cross and…Little Venice 🤌🏽

[Stack Hodler @stackhodler]

🚨 It's not just ZCash.

Opus 4.8 also found a vulnerability in $USD that allows for unlimited issuance which could theoretically enrich insiders at the expense of all holders

huge breaking