imani

building @sortedwallet
writing @snap | @cornell

[imani @imani_chilo]

The goal isn’t to get what you want. The goal is to get in a mindset and behavior that will get you to what you want.

[imani @imani_chilo]

@victorthetravlr it ain’t easy fam

[imani @imani_chilo]

Was so hyped for pl to be back, got a quick reminder of how utd be toying with my emotions

[imani @imani_chilo]

@yskore_ 10 years of pain 😭

[imani @imani_chilo]

@machuche1 😪

[Wiza Jalakasi @wizaj]

Opened my @IBKR by mistake but quickly closed it before I ruined my week

[👑S.A.L.A.K.O🕊 @UnkleAyo]

Leo, you owe me nothing. 💙🤍

The last 20 years has been an amazing ride.

Thank you for making my life beautiful.

[Ewgi @Ssaasquatch]

Lamine Yamal just needs UCL and Balon d’or to complete football. Unbelievable footballer

[imani @imani_chilo]

Best part about this WC has been seeing Ronaldo fans switch nationality after every game at the same time drive a racism, corruption narrative..etc lol

Spain prob gonna win the final, but incredible run by Messi

[Random Football @Randomfoot_ball]

🔥 Zlatan Ibrahimovic: 🔥

“England have already seen the hand of God. Tomorrow, they will see the left foot of God.” 🇦🇷

#ENGARG #messi

[🕊️ @MagicalXavi]

Debate done and dusted forever.

[imani @imani_chilo]

@0xeliashezron What company is this? Would like to learn more

[imani @imani_chilo]

@insane_analyst Are you concerned at all about those Nvidia calls with lack of price action following recent earnings/announcements?

[imani @imani_chilo]

@_elkd_ @dylan522p @lukelowinstone Grateful indeed

[imani @imani_chilo]

@iusiri I wanna see Salah lift a trophy for his country…..legendary player

[imani @imani_chilo]

Wrote a piece for @lavavc_ on SME financing in Africa, covering the work that @jia_DeFi is doing bringing onchain liquidity to where it’s needed most.

Thanks to @s3unha and the team for the opportunity

[s3unha @s3unha]

@imani_chilo gave us a fresh take on @jia_DeFi by comparing it w/ glocal institutions:

- onchain credit @creditcoop_xyz @goldfinch_fi
- 🇹🇿 fintech @ramani_io @omniretailinc
- 🇹🇿 banks @kcbbanktz @CRDBBankPlc

https://t.co/ELoPHDOccn

[imani @imani_chilo]

https://t.co/xi6vUiWlAX

[imani @imani_chilo]

totally agree with this, and shared similar thoughts on my recent substack:

local stables may not provide sufficient value to drive domestic adoption in markets with instant reliable payment rails

programmability of onchain money does offer a compeling use case but I think you need the network effects in terms of merchants and users in countries where the ave user doesn't have much disposable income.

the biggest use case I see local stables serving in the near term is connection to local fiat for x-border flows, with usd (or other highly liquid) stablecoins still facilitating the actual x-border money movement.

this could look like:
user/business mints local stable a via issuer-> swaps for usdt -> sends x-border to another wallet-> receiver swaps usdt to local stable b -> and redeems fiat.

lucrative yield on reserves backing local stables is what enables this flow. those prefunding today can be LPs, earn yield on their accounts, and payout when they need.

[kunle.app @ay_o]

Been thinking a bunch about sovereign stablecoins (independently issued non-USD stablecoins). I've long believed that the primary drivers of USD stablecoin growth is access to USD, but that doesn't hold true for non-USD stables.

So far I think:

🚄 All the benefits of speed, programmability, 24/7 availability, finality and high limits can be made uniformly available around the world. In this model, turns of money can matter far more than AUM (different business model than the USD majors, but still a good business)

🏦 The competitiveness of a locally pegged stablecoin vs. local fiat depends greatly on the limits/constraints of local payments rails (eg if a local rail has low limits for institutions doing certain types of transactions, a locally pegged stable can fill that gap).

💹 One of the most novel/compelling advantages of a locally pegged stable that shares yield and is both easily off ramped + interoperable onchain, is that it is a better form of money at rest than fiat cash or a local checking account; its a new source of demand for local government debt, and a higher earning form of cash than a local checking account or even cash in hand.

More to come.

[imani @imani_chilo]

one key point here is the point of on-ramp/use case.
say this is being used for remittances where I'm abroad and go from usd->usdt, and use this to mint ngn tokens that i send to a local then thats an overall positive for the economy

on the other hand if the main use case is local users going from ngn->usdt->ngn tokens, then yeah i agree that is overall inflationary

[imani @imani_chilo]

ate my way through italy……now back to work