So you can use the 5th/6th/7th best LLMs, getting 80-85% of the top guys' performance, but at an 85-95% discount in price?
You know what we call that? A commodity...
exactly what happened with LCD TVs, OLEDs, solar panels, electric cars, phones, etc
good luck with your AI IPOs!
As Ethena broadens its scope into RWAs excited to bring our first partner to market for USDe backing outside of BlackRock BUIDL with Janus Henderson JAAA.
Importantly, as we continue to partner with asset managers like Janus Henderson as allocators into their products, we simultaneously broaden USDe distribution into their own institutional distribution channels we wouldn't otherwise have access to.
Congrats to the @Morpho team on the $175m fundraise! Morpho isn't just a crypto lending protocol, it's a much bigger idea
Already, the onboarding of RWAs as collateral are providing yield opportunities uncorrelated with the bear market
For instance, @3f_xyz built on Morpho, is unlocking customized leveraged exposure to institutional credit products such as @FalconXGlobal's private credit vault. The resulting carry profiles are compelling real-world returns that are uniquely available onchain.
Morpho's open credit network allows novel applications to be built on top and we are here for it
This has been my running joke with my good friend and former partner for 20 years. I thank Hashem for not striking me down for making a false vow all these years.
Bitcoin Fundamentalist: Bitcoin reaches its full potential by remaining true to its core principles: self-custody, personal nodes, decentralization, immutability, and use as money. Fundamentalists seek to protect Bitcoin from corruption, capture, or compromise.
Earlier today @alexgkendall and I took Pierre Lamond, one of godfathers of modern computing, for autonomous ride in a @wayve_ai car.
Over the course of the ride he shared wisdom on how to keep a high growth org focused, key marketing strategies, and of course pushed us on why we aren’t moving fast enough! There may have been a Fairchild story or two as well. What a legend!
95 years old and still pushing us all to raise our standards higher. Blessed to have him as a mentor.
With gas prices in their face every day, and with $BTC more mainstream in people’s portfolios than it should be, retail will likely be more aware of Friday’s move in real time than is actually healthy for them.
Last week’s $BTC bar was MINUS 20%
Expect some panic Monday
2/7
@levelsio think you can still go super niche and high margin
the ability to create apps in a more easy way does not replace deep domain knowledge
in fact, it amplifies - enabling the deep domain knowledge people to make hyper specific stuff
no, Joe is not dumping ethereum:native
he added ETH to his Maker CDPs (@SkyEcosystem): 40k into each
updated liquidation prices:
cdp #22025: $1020
cdp #28104: $1055
why use these old school CDPs?
maybe he likes the 1h oracle delay, maybe seen as most lindy, maybe just habbit
The main counterpoint to a sustained hiking cycle coming is lack of wage growth. Without that, a lot of these inflationary forces are self correcting through market equilibriums. If wages growth starts surging, all bets are off
I understand why he's doing this, great for engagement, the pod, business, etc. But constantly shilling $ETH for 10 years and then turning around with "I told you sos" after selling like 3 days ago is the most cringe thing I have ever witnessed