I’m building my corner of Crypto X.
I spend my time digging through:
→ Bitcoin infrastructure
→ Ethereum & L2s
→ DeFi & onchain markets
→ Perps
→ AI × crypto
→ Open-source projects
I’ll share the interesting things I find before they become obvious.
@demibrener S&P rates the debt of half the world, and now it owns the firm that audits a big share of the smart contracts holding onchain value. Credit ratings for DeFi protocols feel a lot closer than they did a week ago.
@EthanDeFi_ Useful breakdown. For anyone comparing: split the APY into the base yield (3.6% from Sky) and the incentive part. The incentives are marketing spend and they end at some point. Always ask what the yield is once they run out.
@andrewhong5297 Agree. Accountants have used the same framing for a century: who controls the assets (custody) and who decides how they're used (strategy). Most confusion in DeFi products comes from mixing those two up in the marketing.
@tokenterminal@Uniswap@haydenzadams Worth separating deposits from actual usage here. $82.8M TVL is the balance sheet, but the real signal is fee revenue per dollar deposited. If that holds up as TVL grows, tokenized stocks on Uniswap are a real market, not just parked capital.