pinouillegodx

@flowdesk_co | I like internet crypto assets and computer games

[Pavel Durov @durov]

@BuddyBearOnTON Yes, Telegram won’t scan your private messages, no matter what banana-republic tricks the EU uses.

[pinouillegodx @drdsdota]

@mcasto_ Vanilla blue chip btc/eth lending is not a money making business

[Matt Casto @mcasto_]

Depending on the data provider you use, the amount that Steakhouse manages on Morpho differs, but it's not remotely close to $4.5b, it's $1b on Morpho's website.

Steakhouse vaults generally charge no management fee and a performance fee of 5–10% on PnL generated for depositors. Assuming they manage $2b of total TVL and typical stablecoin vault yields of 3–5%, gross annual yield generated is $60m–$100m. Factoring in a performance fee, Steakhouse retains $3m–$10m per year on a gross basis.

There's no liquid environment in today's market where a curator would command a +$1b val.

Separate comment, this is a reason why in my opinion with where yields trade in the current market, that DeFi lending protocols have been pausing on rolling out fee switches.

[pinouillegodx @drdsdota]

@Electrarythm track name???

[pinouillegodx @drdsdota]

@AviFelman because you think the US government and its fiscal policy is acting in a responsible way?

[pinouillegodx @drdsdota]

@blknoiz06 can you run WIF back up? thx

[Duncan @FloodCapital]

ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 is the most asymmetric investment I have seen in crypto since hyperliquid:native at $2 USD, here are the highlights (1000X to $HOOD market cap):

1) An $81M FDV represents a potential 37x upside to the closest crypto competitor (Deribit was sold to Coinbase $COIN for $2.9B) and a ~300x upside to the $CBOE which has a 30% market share of the US options market. I believe these comps are reasonable and lean more towards the CBOE being the target comp because Deribit only has 7 crypto assets listed vs Hypercall can list US equities and provide options globally to crypto wallet holders.
^ this is absolutely huge, India, a market that loves options, trades over 5T notional volume a day and they are desperate for US equity AI exposure, Hypercall taps into the GLOBAL options market)!

2) Extremely liquid and accessible to US and Asian investors: $SYN is listed on major global exchanges like Binance and Kraken, the token has traded $50-200M in spot volume every day for the last week. It also has an extremely liquid perpetual futures market, having traded 500M-3.5B tokens every day for the past week ($40M-1B in daily USD volume).

3) No VCs/unlocks - $SYN never raised any private VC capital and has no upcoming unlocks with 88% of coins circulating and ~12% of coins in the treasury. They are using the treasury coins for select options market making deals to bootstrap options maker liquidity on the platform.

4) Extremely well distributed: Given $SYN reached a ~$725M marketcap during the 2021 cycle off the back of its frontier bridging tech, there are a large amount of crypto users who hold $SYN estimated by coinmarketcap (owned by Binance) at ~280K holders. This is extremely important to tap into the crypto Hivemind and also acts as a stimulus cheque to ~280K holders who had written off $SYN to near zero before launching Hypercall. We have seen this wealth creation event create extremely vibrant and tribal communities which drive social media engagement and product usage (ripple:native , hyperliquid:native , etc).

5) Token only governance structure (no competing equity): There is no equity component to Hypercall, all future cash flows will be governed by $SYN via the DAO. Eventually large holders like ourselves will coordinate with the team and other large holders to propose a buyback structure similar to $HYPE where 80-90% of fees generated on the platform are used in an assistance fund model to conduct automated buybacks.

6) Trade options on any asset in the world, expiries that are not available anywhere else (for example $SPCX ODTE's - not available on $NDAQ ).

7) Very lucrative 2bps maker, 5bps taker on NOTIONAL options size (capped at 12.5% of option premium).

8) Chad team @trajan0x @AureliusBTC who built the Synapse bridge and processed over $50B in volume across 25 chains and +2M wallets.

(Also $HYPE bulls should love this because hedging volume takes place on Hyperliquid. When users buy calls/puts on Hypercall (@SynapseProtocol) options market makers must hedge their deltas on @HyperliquidX generating tons of volumes & fees further driving $HYPE buybacks).

DYOR, not financial advice just sharing my thoughts.

[pinouillegodx @drdsdota]

@MoneyPrinter0x Whats your read on the michigan print earlier? thanks for sharing your thoughts, I really en joy the write-ups

[pinouillegodx @drdsdota]

@DannyDayan5 reverses you mean goes up? my intuitive thinking is that when bonds are being bid it supports the usd but then I dont understand how that tee up with the first part of your post. genuine q

[pinouillegodx @drdsdota]

@DannyDayan5 why would dollar reverses if bonds are being bid

[pinouillegodx @drdsdota]

@DannyDayan5 What is growing M2 ? fed balance sheet growing through what mechanism?

[pinouillegodx @drdsdota]

@tulipking @dunleavy89 wait, is intel going to 1T?

[pinouillegodx @drdsdota]

@kasperloock herman miller embody

[pinouillegodx @drdsdota]

@ChevreMiiiel il faut que tu arretes de me faire rire comme ça au bureau stp

[pinouillegodx @drdsdota]

@CabronElBufon @cryptobyrde @tradexyz @variational_io i am afrais this is whats going to happen

[pinouillegodx @drdsdota]

@CabronElBufon @cryptobyrde @tradexyz @variational_io yes I agree but if you look at the Binance spcx perps disclosure... it literally says the share amount assumption is what it is and is at our own risk. Whatever that means

[pinouillegodx @drdsdota]

@CabronElBufon @cryptobyrde @tradexyz @variational_io It depends if the oracle uses post listing tracks the share price or if it tracks the valuation - in the former case, Its not good

[pinouillegodx @drdsdota]

@CabronElBufon @cryptobyrde @tradexyz @variational_io still unclear to me how the price will evolve after start of trading considering the difference in assumed outstanding shares - not sure this will be reflected ? @tradexyz

[pinouillegodx @drdsdota]

@KemarTiti @mert i need that nico qui paie sticker

[pinouillegodx @drdsdota]

@CabronElBufon @insidecalls not sure what he is referring to with regards to the oracle, im confused. Isn't it just a weighted moving average?