boleh

DAO Enthusiast

[Solana Gaming @solanagaming]

( • -) •

[The Fundhouse @TFundhouse]

Three Tier 1 NBA Games ready to be funded 🏀🗑️! Get in before the whales!

11/04:
NBA Warriors vs Suns
https://t.co/otDkMsL5Qk

11/05:
NBA Mavericks vs Pelicans
https://t.co/fP8WmMgBaj

11/05:
NBA Lakers vs Spurs
https://t.co/Nxp4mDUNiY

[GOOSE DAO 🪿 @thegoosedao]

Goose DAO x PMX x Meteora

We just deployed over half a million in liquidity across 12 new prediction markets on @pmx_trade, powered by the @MeteoraAG Liquidity Layer ⚡️

With PMX's latest updates, LPs enjoy better capital efficiency while traders gain an edge through faster execution and deeper market depth.

Introducing Goose Prediction Markets — designed for profitability and precision.

[TICKR 🟢🔴 @tickrfi]

It's official: https://t.co/un2mSMrNzw is now a complete @solana prediction market experience 🔥

Market trading on @pmx_trade outcomes available through @JupiterExchange with real-time feedback via @heliuslabs and token charts via @moralisdevs

Feel the flow 🟢🔴

[Krish Shah @top_jeet_]

People ask how we differ from Kalshi / Poly and despite all the memes we are honestly a very different product.

1) Positions tokenized on Solana — our markets are optimized for interoperability

2) Permisionless Market creation — we get the long tail of markets and enable 3rd party apps to embed their own prediction markets

3) Our community is incentivized to share markets and collect fees — this allows us to grow without having to spend billions on marketing

The changes we roll out over the next few weeks will take advantage of our unique advantages.

pmxliquid.

[TICKR 🟢🔴 @tickrfi]

New launch: Real-time stream of all PMX market activity 🚀

We are now indexing every market transaction as it happens. This was a huge upgrade to our infrastructure and will provide the base for the next wave of features we have planned ✨

The activity feed is the pulse of whats happening across @pmx_trade markets, soon we'll add live LP transactions to help with pre-market discovery.

[boleh @ok_blinky]

@sweswesuuwee @MadLads Same issue here

[Meteora @MeteoraAG]

Prediction markets on Solana are revolutionary and @pmx_trade is going to deliver it.

They’ve chosen Meteora’s tech, and we’re going above and beyond to provide the best support possible.

At the end of the day, it’s not just about having the best tech.
It’s about having the best partners who use it to innovate.

[Meteora @MeteoraAG]

@top_jeet_ We are gonna support you wherever we can to bring the best prediction markets to Solana.

Been a pleasure to work with you.

[Krish Shah @top_jeet_]

The liquidity provisioning tech we are building for prediction markets would be impossible without @MeteoraAG. I can't think of a singular team on solana that could pull off something as technically sophisticated as dlmm.

Meteoraliquid.

[Cesco.Sol @Cesco_Sol]

Huge Shootout to my man @papichurro_7 he became the @Commando_Nfts official Perps Caller, and we printed like a dragons the last 2 weeks!

NFTs, Shitcoin, Perps, BetOpps, Market Analysis… we are always on point 🫡

Dm me for join us

🪖

[boleh @ok_blinky]

@Commando_Nfts 🪖🫡

[Commando @Commando_Nfts]

All Commando Holders Receveid Back Their 500$ Mint

🫡

[Laine ❤️ by SOL Strategies @laine_sa_]

Been diving into how xStocks work and want to share some thoughts:

Unlocking on-chain access to speculation on these companies is great and is likely to be very successful, in this regard I think xStocks is a great product, however I don't think it truly unlocks Internet Capital Markets.

TL/DR
- Not available in the United States, but lack of KYC on free-trading tokens means this is likely not enforced
- Currently max 6,000 shares of each xStock company available on-chain (<$150k to buy all on-chain GME stock)
- Underlying issuers have no direct connection to blockchain and can't raise capital on-chain (no ICM)
- Upper limit to issuance means for some companies (TSLA) only 0.1% of stock can be traded on-chain under current prospectus
- Uncertain counterparty risk with Jersey issuer, stock collateral held by custodian

Breakdown of how xStocks work
The tokens are EU registered securities issued by a Jersey company and minted by a Swiss company. Only KYC'd qualified purchasers can cause tokens to be issued or redeemed, and the Jersey company purchases the underlying stock as collateral. It is unclear what a bankruptcy of the Jersey entity might mean for xstock-holders or what the timeline for additional issuance is (hours/days?).

The tokens can be traded freely on-chain, but existing shareholders cannot move their existing stock onto the blockchain, and any stock that is traded on-chain simultaneously exists with the custodian, the on-chain stock is not additional or in replacement of traditional stock.

I've looked at about half a dozen of the prospectuses and all have the same maximum issuance of USD100m. For stocks like Tesla this means a maximum of 0.1% of the stock can be synthethised on-chain (MC of 1tn). Any issuance is subject to up to 0.5% fee and there is a 0.25% p.a. management fee.

Currently of the half-dozen stocks I've checked (incl TSLA, MSTR, CIRC, GME, COIN & SPY) all have a token supply of 6,000. This means it isn't possible to buy more than 6,000 xstocks of any of these companies (that's less than $150k for GME for example). Some xStocks like Tesla have over 300 holders, others as few as 2.

If you want to buy in size there is likely insufficient liquidity, however it seems probable that for those underlying with demand more xstocks will be created and collateralized (it is unclear who the counterparties are that deposit funds with Backed to cause further xstocks to be issued).

So where does this leave us in terms of Internet Capital Markets?
What is missing here is the link of the underlying issuer (e.g. Tesla) to the blockchain. Users can trade TSLA stock, but they're not direct owners of the company, and, most importantly, there is no mechanism by which TSLA, or any other xStock underlying issuer, can raise capital or interact with stockholders on the blockchain.

In my view, a key piece of Internet Capital Markets is the ability for companies to access capital on-chain, this includes being able to raise funds through issuance, sell bonds, enable new geographic markets of shareholders and even being able to pay dividends on-chain (xStocks handles dividends through rebasing, i.e. reinvesting).

It's a great step towards familiarizing users with traditional securities trading on the blockchain, and it is likely the best user experience to trade stocks, in this regard there has been a huge lift and we must give credit to Backed in being able to implement this.

The major unlock of ICM will come when capital formation can directly benefit issuers, when we can see crypto-native companies launch on-chain IPOs or existing tradfi issuers migrate their stock on-chain, where shareholders can move existing stock from the Nasdaq to Raydium to access better liquidity or continuously trading markets.

[boleh @ok_blinky]

@KoruSolana Lfg 😸

[Iranian Trump @PulseAppSOL]

The final communities have secured their Tier 1 allocation.

Koru’s Discord gates open in 24 hours, and everyone will have a chance to earn their place. 🐾

Ready to explore the jungle? 🌱

[stampeed ⛏️ @SolaNFTz]

At some point soon, people are going to realize that @avodotso is built different. Probably won't take the time to do the R&amp;D.

Here's the alpha I have on them:

[Grape Syndicate @SyndicateGrape]

A great result to wake up to 🥳

Top Blast is our second Major winner out of mare CZ Clops and marks our 5th Major🏆overall

https://t.co/patKzMTtLk

https://t.co/R2wdudNlS0

[boleh @ok_blinky]

Got my @Commando_Nfts pfp assigned today 🔥

Best part is that it's already more than paid for itself with the alpha calls and WL we got in the first few weeks 🆓

Never fade @Cesco_Sol and @MisterStopLoss 🫡

[Mayne @Tradermayne]

Don't let moves like this erase months of hard work.

There is nothing worse than giving back months of gains in just a few days during a pullback.

If you are tilted, step away and come back with a clear head.