@flameingoindigo@reserveprotocol What is your point exactly? This wallet voted For for both proposals. Also, insiders (team member for instance) were explicitly invited and allowed to vote as well (excluding Nevin). You do know the Burn proposal won right?
The leadership at the SEC gets it. This new technological paradigm is capable of so much more than memes, and this exemption is exactly what we needed in order to prove it. The five-year exemption clock starts now. LFB!
@reserveprotocol is voting on two alternatives to its paused, time-based treasury $RSR unlock.
Burn Gauge would link treasury burns or unlocks to protocol-driven RSR burns, with holders resetting the policy quarterly and extra unlocks requiring treasury burns. @DRF_hq proposed the burn-to-unlock link.
Milestone Plan would make up to 3B RSR eligible at $2.5M in Net Annualized Recurring Revenue, then automatically release it within a $0.005-$0.015 30-day average price band, valuing the full amount at $15M-$45M.
Confusion Capital proposed both and pledged to adopt the qualifying outcome, though the commitment is not enforced onchain.
Choices stay encrypted until close. Burn Gauge: 20 wallets have cast 333.8M VOTE so far, reaching 33.4% of its separate 1B RSR quorum. Milestone Plan: 14 wallets have cast 713.7M VOTE so far, reaching 71.4%. Neither has reached quorum.
Voting closes September 17th at 4pm UTC.
Proposals: https://t.co/F8wxz724Zj
MAG7 lands on Aerodrome 🛬
The MAG7 brings exposure to seven of the largest publicly traded stocks, directly to @base.
Incentives and emissions are on the way for the MAG7 - USDC pool.
The future of equities is here, and it's live now on Aerodrome.
$MAG7 is live on @base
One token built to hold all seven of the Magnificent 7, c/o Coinbase Tokenized Stocks
Four of the seven are live in the DTF today: $AAPL, $GOOGL, $META, $NVDA. The rest of the basket is $USDC *for now* ↓
https://t.co/fiWrQK6srq
Thinking of buying a DTF but not 100% sure who’s behind them?
Reserve assembles the DTFs and builds the app you buy them on, along with the contracts that hold the assets
Who we are and what we’re pursuing, in about a minute ↓
Interested in Reserve’s AI DTFs but brand new to crypto? 1) You’re not alone, and 2) we got you
$BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS all work the same way: set up a crypto wallet, add BNB for gas, buy your DTF, then check your portfolio
Step-by-step walkthrough ↓
It’s been a while since my last written update so here’s an overview of what we’re up to at ABC Labs.
tl;dr if you don’t want 18 minutes of video:
What we've been heads down on
- Ran about 10 one-on-one user interviews with people in eligible countries to test demand for the AI DTF series. Signals are positive, and higher net worth users tend to grasp the product fastest and show good signs of demand.
- Those calls surfaced a long list of things the current UI and materials don't explain well, especially for people hearing about Reserve for the first time. Sitting down with our product designer to start fixing that.
- Huge amount of ops and engineering work on liquidity. Equity DTFs don't draw on onchain DEX liquidity like CMC20 does. They rely on Ondo's just-in-time minting and market makers repackaging that liquidity through RFQ systems (CoW Swap, 1inch, PancakeSwap X). We've been working out the kinks so users consistently get good pricing.
- Separate engineering effort to overhaul the trade router across all DTFs for better pricing and faster quotes.
My take on the recent launch
- The signals suggest this product line can work and could grow large. What we haven't proven yet is reaching the right audience at scale and explaining it well enough to convert.
- Next few weeks are about testing marketing channels.
- We launched into a market pullback, and thematic products are a hard sell when prices are down. Not surprising that capital didn't rush in immediately.
Why so much AI content
- The product thesis rests on a personal belief that transformative AI is nowhere near priced in, and that it will be over the next few years. Expect volatility and repeated pullbacks along the way. Not investment advice, just the reasoning behind why we're bullish on the line.
- "Buying into the Singularity" (@bits_pod ) is a deliberate bet that becoming a credible voice in AI investing brings long-term attention to Reserve products. Also a topic I care about personally, independent of Reserve.
- Rough analogy: this feels like 2017, maybe 2013 for crypto, not the year 2000 for tech. I expect booms and busts on a one to two year cadence rather than four, because it's driven by real capability releases, not pure speculation.
- Two things that could drive the next wave: visible recursive self-improvement, and continual learning (models actually updating weights from what they encounter instead of relying on context windows). Wouldn't be shocked to see a lab demo the latter within a year.
Also cooking
- A new crypto-oriented DTF line. The four-year cycle looks alive for Bitcoin at least, less clear for alts, so timing seems good. Close to ready, taking a bit more time.
- One further project involving agentic components. Code written, some already in audit, but final decisions pending. Possible we decide it's too innovative for now, so no details yet.
Ask for you guys
- Curious what the ecosystem thinks about the AI thesis and the products. If you're in an eligible jurisdiction, direct feedback is welcome, and happy to hop on a call like I've been doing with folks in Asia and LATAM. Tag @starl3xx to book!
De hecho no fué así; te doy contexto pues trabajé en reserve:
Por temas OFAC / sanciones a Venezuela y sus efectos en los ciudadanos, nos vimos obligados a lamentablemente dejar de operar en Venezuela. Exitosamente pudimos reembolsar todos los fondos de cada usuario, créeme que fue una decisión muy dolorosa pues siendo el equipo mayormente venezolano, nuestro sueño y motivación siempre fué servirle a nuestro país y su gente. Son esas decisiones que se entienden y viven cuando tienes la responsabilidad de manejar un negocio financiero que, guste o no, debe cumplir regulaciones internacionales.
Por suerte ahora con la flexibilización y reapertura del corredor USA / Venezuela, muchas empresas (no solo uglycash) volverán al país, todo suma 💪🏻
@KobeissiLetter We're seeing this in the new suite of 5 Thematic AI DTFs (onchain ETF-like products) we launched a few weeks ago, tracking themes like Photonics, Power, Neocloud, Robotics, or the whole AI Buildout in one basket.
https://t.co/GamUvmyz3H
ETFs, but onchain — and now on PancakeSwap. 🥞
Decentralized Token Funds (DTFs) are here: a token that holds a basket of tokenized stocks, tradable 24/7.
First on the menu, 5 DTFs from @reserveprotocol that put the entire AI supply chain onchain, live on @BNBCHAIN 👇
‣ $BUILDOUT — AI infrastructure
‣ $POWER — the electricity behind AI
‣ $PHOTON — AI photonics
‣ $NEOCLOUD — cloud compute
‣ $ROBOTS — robotics
Powered by @OndoFinance.
@DeathApeDisco@reserveprotocol Rewards are going to be very much depending on the success of the AI DTFs. Massive TVL = massive rewards. The wheels are in motion, let’s see if these new AI DTFs catch on. If so: the sky is the limit! 🚀
@DeathApeDisco@reserveprotocol@BNBCHAIN @OndoFinance Minting fees and TVL fees for all AI DTFs are used to market-buy RSR. 33% of that is burned, 67% is distributed as yield to RSR vote-lockers on BNB chain.