Lily Liu

president @solanafndn | board @anagramxyz @ledger @inside_r3

[Solana Foundation @SolanaFndn]

Onchain is the new frontier.

Since launching Frontier Traders last week, we've seen an incredible response from traders, firms, and ecosystem partners eager to get involved.

Here's a full breakdown of Frontier Traders:
- What the program is, who it's for, and how to join
- Updated VIP Tier qualifications and benefits
- Full list of Founding Program Venues

Answers to the most common questions👇🏼

[Lily Liu @calilyliu]

True

[Tig @Tig_Bo]

Mert claims Solana is the only truly usable blockchain at scale right now.

"Solana is fundamentally the only usable blockchain at scale. That sounds like a weird claim, but look at the alternatives. Base is a Coinbase-controlled entity. Hyperliquid is much more akin to a Binance/exchange than a blockchain where entrepreneurs can permissionlessly build on it."

"Solana is literally the only one that actually works and has a clear roadmap for getting much better over time."

[Lily Liu @calilyliu]

@SuperteamVN @LynnWWins @solana Welcome, Lynn!!

[Sharples @0xSharples]

Yesterday was the largest day for tokenized equities in crypto.

Over $142m in spot volume, with 97% of this happening on @solana.

[Lily Liu @calilyliu]

@alive_ Governance of protocols may have be too large a surface area for what approximates direct democracy.

Token voting could instead be helpful for narrower decisions such as asset availability, index inclusion

[Brian @brian_smith_0]

Backpack went from 0% to >50% market share of tokenized stock volume in 5 days with their SpaceX launch on Solana. Majority of liquidity provided by propAMMs

Solana is the best place to trade equities

[Ali Yahya @alive_]

DAOs were a failure in the last era of crypto.

But it may have just been the wrong time for them. Two big things are different now: (1) regulatory clarity and (2) AI agents.

We spent the last 10 years rediscovering the hard way that direct democracy is a bad idea. Turns out, nobody wakes up in the morning eager to adjudicate risk parameters or protocol updates.

It didn't help that it was illegal to experiment with different DAO structures. The vicious hostility of Biden and Gensler toward the space killed all innovation.

But it's a new day.

It is once again legal to experiment. You could choose to play with forms of representative democracy, or multi-cameral systems, or hybrids of permissioned and permissionless participation.

Not to mention, AI agents can now step into many kinds of roles that humans will never want to perform. They may help DAOs live up to their name by making them truly Autonomous.

The design space for new DAOs is infinite, for they are just software. What new experiments are people running?

[Lily Liu @calilyliu]

@0xcarlosg Simple is good

[Solana @solana]

The future of capital markets is being built on Solana 🇰🇿

[Lily Liu @calilyliu]

see spot run

[Sunrise @sunrisedefi]

Listing an asset is one thing.

Building a market around it is another.

$SPCX on @Solana via Sunrise currently leads all SpaceX markets in both liquidity and volume.

[Armani Ferrante @armaniferrante]

It's Sunday.

The one and only place--in the world--where you can buy $SPCX stock, stock that can actually make its way to your brokerage account on Monday, is on @solana.

Internet capital markets are here.

[Lily Liu @calilyliu]

@Backpack Solana.

[Lily Liu @calilyliu]

Nice debut

[DEGEN NEWS @DegenerateNews]

NEW: @Backpack'S TOKENIZED $SPCX SURPASSES $35M 24H VOLUME, LEADS TOKENIZED STOCK VOLUME ON @solana 24H AFTER $SPCX'S @Nasdaq DEBUT

RECORDS 5X+ VOLUME OF NEXT $SPCX CONTENDER, 2ND IN LIQUIDITY AMONG TOKENIZED STOCKS

@Backpack CEO @armaniferrante claims liquidity concentrates on the @Backpack variant because it's the only tokenized stock allowing cycling between Solana and Nasdaq, on/off-ramping from brokerage accounts, and redeemable rights to the underlying security.

[Jermaine @jermywkh]

Pretty impressed with @Backpack securities. This is the future of on-chain finance. It's the only tokenized stock on earth you can on/off-ramp from a brokerage account and redeem for the underlying security itself.

Every "tokenized stock" before this was a tracker certificate: bearer debt issued by an offshore SPV, backed 1:1 but giving you no claim on the actual share.

With backpack you can:

• Hold the tokenized security on Solana
• Redeem it for the underlying security entitlement
• Move that entitlement into a brokerage account through traditional ACATS / DTCC rails
• Move shares back onchain again

Comparing the 24 hour trading volume and liquidity of the two different onchain $SPCX variants:

[Lily Liu @calilyliu]

US passport now comes bundled with a premium SaaS subscription

[Anthropic @AnthropicAI]

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.

The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.

Access to all other Claude models is not affected.

We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.

Read our full statement: https://t.co/bwn0sximKZ

[Lily Liu @calilyliu]

Soon

[Solana @solana]

.@calilyliu on the $SPCX IPO coming to Solana

"Crypto is fundamentally infrastructure. Infrastructure for finance globally, accessible to everyone, 24/7, wherever you might be. That's now five and a half billion people"

"With regards to the SpaceX IPO, it's going to be available on Solana tomorrow. As soon as it's available anywhere, you can get it on Solana on the internet"

"That's going to be through xStocks, Ondo, Sunrise and a number of other issuers, and globally accessible wherever you can log in"

[Solana Policy Institute @SolanaInstitute]

This industry takes care of its builders. Thank you to the 60+ CEOs and founders who sent a clear message to Senate leadership today: Pass the Clarity Act with developer protections and the BRCA intact.

Developers who do not control user funds are not money transmitters.

Read the full letter: https://t.co/HQFte9fSwT

[Lily Liu @calilyliu]

@armaniferrante what is dead may never die

[Lily Liu @calilyliu]

@uriklarman it is internet capital markets

[Solana @solana]

The play is never the move. It's the mind behind it.

The World Series of Poker. Now dealt by Solana.