Love everything @EICquarterly is doing and was thrilled to contribute an article. Ethereum has inspired a multidisciplinary movement to shape how money and the internet will look in future iterations and the community around it is so inspiring.
@MisterMadila Other than California, these state-level economies probably aren’t worth isolating like that for an indicator like Sahm. If it were a cluster like Northeast or the Midwest then could mean something. California a proxy for some industries (just-ended Hollywood strikes maybe?)
We think value-focused blockchain applications will win. The industry needs to think beyond "blockchains are simply better." How are they better? What can they improve? Once we're focused on those questions, I think we're in a better spot than chasing narratives.
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In @SwitchpointStra’s view, there are three major factors driving RWA adoption right now:
1. Emerging Market Credit Cost Efficiency
2. Interest Rate Arbitrage
3. Supporting Stablecoin Demand
However, they all seem to have reached plateaus for driving growth of the industry.
1/
Are we missing any large category of value outside of these three? We think RWAs need to start finding different ways to unlock the value of transacting on blockchains. What market sectors can benefit from added transparency? Where's the lowest hanging fruit for efficiency?
8/
1/ #Tokenization is one of the most talked about themes in crypto in 2023, yet traction has been a mixed bag.
How do #RWA projects gain more adoption?
There is an emerging blueprint. 🧵
https://t.co/kUz7nLvDT7
A little dated given the recent news but still think $FIDU is interesting to watch for the space. The idea of a shared senior pool is still an interesting approach regardless of credit issues.
1/ Has the RWA market just encountered its first distressed debt opportunity?...
In this thread, we partnered with @SwitchpointStra to dive into why Goldfinch's $FIDU currently trades ~26% discount to NAV 🧵
This was a really interesting listen and will be a useful resource going forward for staying on top of crypto and credit. @syrupsid and @qthomp did a great job of hitting relevant news items quickly. Think biweekly is the right cadence for now.
@MisterKeegan Securitized billions in consumer loans with paper as an exception rather than the rule so…not sure this is accurate or what the highlight accomplishes. Motion…challenged?
@frogmonkee Would also move to ban “democratize.” You’re not democratizing anything with a consumer product. And even if you were, it’s probably something that shouldn’t be democratized.