Arjun Mohan

I like getting nerd-sniped | @BullpenBrief

[Arjun Mohan @arjunbmohan]

feel like crypto got its swagger back today with the robinhood announcement.

the next wave of financialization emerges at the intersection of perps, spot, prediction markets, etc. a unified beachhead where applications become the dominant force.

crypto is now forced to show that composability actually matters otherwise we may lose on distribution. exciting times

[Vikram Singh @vikramcantsingh]

https://t.co/vCgKhtD2VM

[Arjun Mohan @arjunbmohan]

@0xPrince love it

[Arjun Mohan @arjunbmohan]

@ballsyalchemist lfg yuki

[Arjun Mohan @arjunbmohan]

have some thoughts on the competitiveness and fungibility of deposits versus stablecoins re: clarity act

it feels like either we accept a dumbed down version of programmable money or they actually are competitive with the current iteration of bank deposits and we should be ok with it

https://t.co/6XnE57aYyV

[Arjun Mohan @arjunbmohan]

@bqbrady loved this!

Isn't the implication here that AI coding agents commoditize the infrastructure layer but affect the strategy layer to a lesser degree? If so, does this actually change competitive dynamics at all, or does it just lower the barrier to being a mediocre participant?

[Arjun Mohan @arjunbmohan]

@0xPrince nice prince!

[Arjun Mohan @arjunbmohan]

I think DeFi's dogmatic rush to price every asset in real time is a misstep.

The proliferation of yield products accessing on and off-chain exposure with varying duration risk requires customization, not standardization (probably increasing fragmentation downstream on borrow/lends!). When you hardcode prices for translucent reserves and accept them as pristine collateral at high LTVs, you're pricing liquidity assumptions into the oracle feed. The moment those assumptions break, people get hurt.

[Arjun Mohan @arjunbmohan]

@timahhl titan

[Arjun Mohan @arjunbmohan]

@howdymerry Mary ftw

[Arjun Mohan @arjunbmohan]

Aster makes things increasingly clear on crypto's competitive advantage:
1). its a substrate for asset issuance and capital formation
2). capital velocity can scale exponentially with an increasing appetite for financial speculation

[Arjun Mohan @arjunbmohan]

The market structure transformation on Solana presents incredible opportunities - @realRockyChung and @defythepancake are capitalizing on this shift to position Titan as Solana's premier price discovery engine

[Titan @Titan_Exchange]

We’ve raised a $7M Seed Round led by Galaxy Ventures @galaxyhq to build the gateway to internet capital markets on @solana.

Titan launches to the public today at https://t.co/mPctqRbl01.

[Arjun Mohan @arjunbmohan]

@TraderNoah this is my worry with "tokenization" more broadly

you receive none of the benefits of operational efficiency and reconciliation costs when you have to settle back to a worse system

[Arjun Mohan @arjunbmohan]

@diogenes patagon ftw

[Arjun Mohan @arjunbmohan]

@jumpmanjoshi im aligned

[Arjun Mohan @arjunbmohan]

One of the most frustrating parts about crypto is pricing.

This is a non-trivial problem everywhere but particularly difficult in crypto with pervasive confounding variables:
- TVL <> incentives
- Large AUM <> Non-monetizable
- Revenue <> Earnings

We're seeing compression on mature assets—bluechip DeFi protocols trading at reasonable multiples while everything else faces sustained selling pressure.

Maybe mispricing comes with the territory when you're the fastest capital formation substrate. Crypto's competitive advantage is speed of asset issuance, which may naturally create deeply mispriced markets until fundamentals catch up.

[Arjun Mohan @arjunbmohan]

This is one of the strongest points for HIP-3. The XPL market along with hyperps generally were flawed upon release: fragile liquidity, dubious oracle robustness, and an adversarial market all resulted in a failed market.

HIP-3's strongest argument isn't compounding liquidity for deployers or Hyperliquid itself, but risk externalization. The value proposition centers on strategic insulation: Hyperliquid maintains its core orderbook integrity while third parties absorb experimental market failures (and successes!). The analog is morpho blue.

[Charlie @0xBroze]

Another post HIP-3 mainnet thesis is that the Hyperliquid team likely stops listing markets entirely after launch

As the shift to Hyperliquid as exchange infra continues, HL team can focus fully on the orderbook infra it builds best as opposed to also having to juggle parameterization and execution of one-off market listings (would have likely been better for a dedicated team to have listed the XPL pre-TGE market)

This shift away from the core team deploying markets also removes a layer of regulatory scrutiny and distributes that compliance question over a wider surface area of distributed parties, allowing for a more compliant HL base to build on

Open market deployment incoming

[Arjun Mohan @arjunbmohan]

@perpv2 respect

[Arjun Mohan @arjunbmohan]

using crypto as an alternative capital sourcing mechanism is the least interesting thing about crypto

it ends in adverse selection, little recourse, and maintains none of the benefits of a verifiable ledger

[Arjun Mohan @arjunbmohan]

@MacroMate8 @bidorder axis answers the question, "if you had idle funds on exchanges, what is the maximum juice you could get out of them?"

this can dovetail into a litany of really interesting businesses that are capitally intensive

[Arjun Mohan @arjunbmohan]

@howdymerry Non tech social stuff &gt;