Matt Rice ⛺️

CTO @UMAprotocol @AcrossProtocol previously @Google, @Domeyard

[Native Markets @nativemarkets]

https://t.co/w0U0UdZXoi

[Across @AcrossProtocol]

Cyber Monday is here, and we have an offer for you...

We’re giving you 100% off bridging fees to Hyperliquid!

(offer is NOT for a limited time only)

[Across @AcrossProtocol]

Bridge everything on Across.

Bridge any token across many chains in a single transaction.

Fast. Cheap. Secure.

[Across @AcrossProtocol]

Bridging for USDT to and from HyperEVM is now live on Across.

[Matt Rice ⛺️ @mrice32]

This is what zk + intents gets you. Get USDC on HyperEVM instantly.

[Across @AcrossProtocol]

Across is now live on HyperEVM.

Bridge USDC into (and out of) the @HyperliquidX ecosystem in seconds for cents.

Here’s what you need to know. ⤵️

[Across @AcrossProtocol]

Crosschain Swaps are live!

Today, we are introducing the Across Swap API for crosschain swaps in a single call.

Bridge and Swap are now one action.

[Matt Rice ⛺️ @mrice32]

@azacharyf Nope, Solana is Across v4, although it does not use the SP1 Helios bridging mechanism (since audited/battle-tested SP1 verifiers don't exist there).

[Matt Rice ⛺️ @mrice32]

👋 Solana

[Across @AcrossProtocol]

Across is now live on Solana.

Bridging to and from @solana, powered by intents.

[Matt Rice ⛺️ @mrice32]

@azacharyf Yep!

[Matt Rice ⛺️ @mrice32]

@AcrossProtocol @solana big day :)

[Matt Rice ⛺️ @mrice32]

Okay, would love some economists to help me here (cc @BlkBoxEconomist).

I assume GDP is generally measured in real terms (i.e. adjusted by inflation), so if AI makes many things cheaper (productivity improvement), then we would expect either more quality or quantity of those things to be consumed or for the extra surplus to be used elsewhere to increase production there.

Let’s use software as an example.

Software gets cheaper to make for a given level of quality and function. This means I get more, better software at the same cost OR the same software at a lower cost. This is deflation (see TVs over the last 20 yrs).

If the economy buys the same software for less money, then the real GDP of the software industry stays the same, but there is surplus to go elsewhere. GDP goes up.

If the economy buys more/better software for the same money, the inflation adjusted value has gone up because of the deflation. So GDP of the software industry has gone up. GDP goes up.

The only scenario where the productivity gains are not leaked from GDP is if the sane software is purchased for less money, the surplus goes elsewhere, and that surplus is used to chase supply constrained goods (land would be an extreme example) where each marginal dollar of spending produces less marginal value than the last.

Is this analysis right? What am I missing? @dwarkesh_sp and others seem quite convinced that the cheapness of the tokens (productivity gains) will work against extreme GDP growth.

[Dwarkesh Patel @dwarkesh_sp]

What if cancer cures and life extension cocktails were $20 a pop? I don't see how that would necessarily lead to some huge downstream explosion in GDP, despite the fact that astronomical consumer surplus is created.

I agree GDP will grow. But potentially by much less that how different the world has qualitatively gotten.

[UMA @UMAprotocol]

What happens when you teach an AI to understand markets and propose truth?

We’re finding out.
https://t.co/ft8LXY8PZ2

[Across @AcrossProtocol]

@cryptogle Here is our factual response to Ogle's claims: https://t.co/EmFOefF6HM

[Matt Rice ⛺️ @mrice32]

@AcrossProtocol ❌⛓️😎

[Across @AcrossProtocol]

🌴 Crosschain Summer Bootcamp!🌴

Crosschain Summer is here, and we're kicking it off with the Crosschain Summer Bootcamp, an educational experience for anyone looking to level up their understanding of crosschain interop.

Head to our Guild to get involved!
Find out more below⤵️

[Across @AcrossProtocol]

PancakeSwap has integrated Across for crosschain swaps.

You can now swap crypto across chains directly within the @PancakeSwap interface.

Powered by Across.

[PancakeSwap @PancakeSwap]

⚡️Introducing Crosschain Swaps, powered by @AcrossProtocol

Swap tokens across @BNBCHAIN, @arbitrum & @base in one click. No bridges, no app switching.

Start swapping → https://t.co/GPVwSFUaZ5
Full announcement → https://t.co/t9eamyGCZz

[Story @StoryProtocol]

Story routes disputes through @UMAprotocol to resolve conflicts using open, permissionless arbitration.

Proof-based claims instead of power-based outcomes.

Your IP, your rules.

[Matt Rice ⛺️ @mrice32]

@UMAprotocol @StoryProtocol UMA ❤️ IP