OffGridFX

The Prediction Market for FX. Trade currencies, forwards & perps in any stablecoin. World Cup Edition

[OffGridFX @OffGridFX]

it has started. World Cup LFG

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

Nearly 500 wallets are earning gSera right now. 💰

The last time a points season started this early, it was Hyperliquid. Everyone remembers what happened next. hyperliquid:native

Connect your wallet at https://t.co/tuScmH0P4e to get your personal invite link - and when a friend makes their first swap, any size, you each earn 88 gSera 🤯

Know someone in DeFi, or someone who has been waiting for a real way into stablecoins?
Now is the time to start earning points.

Send them your link.

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

In the 1850s, America had over 8,000 different kinds of dollars. What kept them in line was the clearing house.

170 years later we're running the same problem.
Hundreds of USD and EUR stablecoins - all of them "a dollar" until you try swap them on a CEX or DEX.

But 1 USD should be 1 USD and 1 EUR should be 1 EUR. Regardless where you swap it.
The clearing house was the crux of the standard then.

It will be again on https://t.co/vEghL97FE7
Starting with ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 ↔ solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB 1:1, at par.

Settle with Sera.

[LIONSHARE Ventures @Lionshare_V]

done.
@seraprotocol the first place retail gets to arb FX.

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

Sera disrupts the FX stack in 4 ways

1⃣Direct - no intermediaries taking a cut of every trade

2⃣Permissionless - they're your funds, you move them

3⃣Instant - settlement in seconds, not days

4⃣No minimum - banks gate you or overcharge you for small size; Sera doesn't

[OffGridFX @OffGridFX]

A 1:1 swap between two dollars should be the norm
on https://t.co/yyE9od6BhN it is

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB ⟺ ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

Moving a dollar of one into a dollar of the other should be free, because they are the same dollar and there is nothing in the middle worth charging for.
But on every venue you actually use, it isn't - except on https://t.co/vEghL97FE7

Whether you manage treasury on an OTC desk, run payroll in USD stables as a CFO, sit on an institutional treasury, make markets, or arbitrage the spread, you pay for that conversion every time you do it, and across a year of real volume it runs into the millions.

On https://t.co/vEghL97FE7 the rate is 1:1, settlement is atomic, and the cost is zero.

[OffGridFX @OffGridFX]

RT @seraprotocol: Sera is the world's first stablecoin DEX.
Same-currency clearing at 1:1, best rate on the board for everything else.

Go…

[OffGridFX @OffGridFX]

@seraprotocol i am stacking for @token2049

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

solana:EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v ➪ SERA ➪ $xSGD
• instant • safe and easy • Best rates online

Heading to Singapore for summer?
Freelancing in Asia and getting paid in solana:EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v or solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB?

Sera saves you on FX, transaction, and gas fees.
Try it: https://t.co/vEghL97FE7

Settle on Sera.

[OffGridFX @OffGridFX]

an 11 year is making more money than you you lazy ass mother fucker.

[TTI @TikTokInvestors]

We got 11 yr old course sellers now

[OffGridFX @OffGridFX]

@seraprotocol this will push stablecoin mass adoption.

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

on https://t.co/H7oNXdK71Y a dollar is a dollar

simple.

[Douglas Gan | Sera.cx | FX Onchain @DouglasGan]

The real question is what FX layer gets built on top.

A few additions from @seraprotocol’s view:

The piece conflates two different things: FX stablecoin issuance (EURC, BRZ, etc.) and FX trading infrastructure. The former struggles for the network-effect reasons you laid out. The latter is a different problem, and it’s where the actual unlock lives: building the FX market on top of USDT/C, so the stablecoin economy becomes multi-currency at the infrastructure level rather than the UI level.

On synthetic FX: MtM NDFs are real and valuable, but every NDF structure needs a reference rate. An off-chain oracle ultimately tracks TradFi spot and forward markets, which means the “on-chain FX” is tokenized exposure to off-chain price formation. The 31/69 spot-vs-derivatives split doesn’t show spot is irrelevant. It shows derivatives sitting on top of an extremely deep, efficient spot foundation. NDF desks hedge in deliverable G10 every day. Without that layer, synthetic FX is oracle-priced IOUs with hidden hedging and counterparty risk.

Two technical notes:

1/ CHF NDF isn’t really a market. CHF is fully deliverable. NDFs exist for capital-controlled currencies (CNY, MYR, INR, KRW, BRL, TWD, IDR, PHP), not freely convertible G10. The example understates how narrow the pure-NDF case actually is.

2/ On-chain spot FX price discovery isn’t solved yet. That’s exactly what makes the CLOB layer at Sera foundational rather than redundant.

Sera’s view: stablecoins are foundational. CLOB-based on-chain FX is the next foundational layer. Synthetic NDF is a derivative layer that sits on top of both. All three compound. The trillion-dollar vision the piece describes needs real price formation on-chain, not just synthetic wrappers around off-chain rates.

Read more on Sera’s thesis:

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

Stablecoins shouldn't stop at the dollar.

Excited to be working with @etherfuse, the team bringing the Mexican peso on-chain with $MXNe

Two teams, one idea: money should move better everywhere

[OffGridFX @OffGridFX]

@seraprotocol

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

EURC ➪ SERA ➪ xSGD ➪ Swatch x AP
instant • no fees • safe and easy

Did you manage to get yours? ⏱️

[Josh Gier @Josh_Gier]

pro tip.
you can get all your news and intelligence on stablecoins, payments and global finance and trade on https://t.co/TmERDC6jpQ

Even includes all top voices and their tweets

[OffGridFX @OffGridFX]

kek