Sid Hemraj (Sid)

Engineering @eo_network prev @indexcoop @thirdfiorg @gig_india (acqd)

[Sid Hemraj (Sid) @sidhemraj]

@pitdesi But USDC->INR conversion only has 0.1% exchange fees and usually sells at a premium

[Sid Hemraj (Sid) @sidhemraj]

@india_plus_ Rapid growth to fund more people standing in queues for overhyped carbs

[Rio👾 @Riowgmi]

while you guys were busy discussing WW3

berachain made $77 in chain revenue in the last 24 hrs

[Dylan Patel @dylan522p]

The US used to destabilize countries for oil but now it's done for turbines
There's 2 GW of power generation sitting in Venezuela at less than 30% utilization
Termozulia 1 - 2x GE 7F.03 (2x~170 MW) + 180 MW ST = 520 MW
Termozulia 2 - 2x Siemens SGT6-5000F (2x260 MW) + 200 MW ST = 720 MW
Termozulia 3 - 2x Siemens SGT6-5000F (2x260 MW) + 225 MW ST = 745 MW
@sama @gdb @realDonaldTrump have been in the cahoots recently discussing how to solve the US power problem, and how to expand to the new Stargate Venezuela site.
@elonmusk is considering lifting these turbines and installing them for Collosus 3
For people that make it this far the only factual thing is that these are the turbines sitting here extremely underutilized, there's no plan to actually use them for DCs.

[EO @EO_Network]

EO Wrapped 2025⚡️️
Thanks for being part of the journey.
Let’s make 2026 even louder! 🚀

[Abhijit Iyer-Mitra @Iyervval]

Everything except crop burning. Everything.

[SemiAnalysis @SemiAnalysis_]

Interestingly, @IBM Cloud has started buying ads based on the "clustermax" keyword.This is strange, since IBM actively worked against us during our testing period. More details in thread: (1/6)🧵

[Dylan Patel @dylan522p]

Uber driver told me how he was scared about AI taking over everything
But this week at Neurips, he gave rides to ~20 researchers, now he's not worried at all about it
Turns out the solution to AI doomerism is simply talking to PHDs who run experiments on 3 GPUs
Who woulda known

[Sid Hemraj (Sid) @sidhemraj]

1/ Over the past few months, Ethereum has been quietly catching up in the tokenised stocks volume race.

[Sid Hemraj (Sid) @sidhemraj]

Flawed comparison, No bank will let everyone redeem 100% instantly

[Immortal 💥 @BitImmortal]

Tether just dropped their latest reserves report and the numbers are serious.

- USDT Liabilities: $174B
- Cash & Cash Equivalents: ~$140B

> Meaning:
If everyone tried to redeem $USDT at the same time, Tether is short by ~$34B in instant liquidity.

The missing gap is backed by:

- Bitcoin: $9.8B
- Gold & metals: $12.9B
- Secured loans: $14.6B
- Other investments: $3.8B

So yes, Tether is solvent on paper (assets $181B > liabilities $174B).

But they’re not fully liquid, they run a fractional reserve model like traditional banks.

As long as redemptions are normal, everything works.

If there’s a panic? Liquidity stress hits fast.

USDT isn’t “fully backed by cash.”
It’s backed by U.S. Treasuries + yield + risk assets, scaled to a $174B stablecoin.

[Spreek @spreekaway]

RWA = Rug Was Assured

[Sid Hemraj (Sid) @sidhemraj]

@serge_golubev @RWA_xyz @Dune Recent regulatory clarity has definitely helped!

[Sid Hemraj (Sid) @sidhemraj]

1/ Over the past few months, Ethereum has been quietly catching up in the tokenised stocks volume race.

[Sid Hemraj (Sid) @sidhemraj]

5/ If you're building in the tokenised stocks space, feel free to reach out.
@eo_network is already working with multiple tokenisation platforms on on-chain NAV reporting and Proof-of-Reserve infrastructure.

[Sid Hemraj (Sid) @sidhemraj]

4/ Unsurprisingly, the top tokenised stocks are ETFs offering diversified exposure to the S&P 500 and leading tech companies — a natural fit for on-chain investors.

[Midas @MidasRWA]

Following recent events in the market, we would like to outline how Midas infrastructure is designed and provide an update on our operations.

All Midas operations continue to function as designed. Redemptions are processed as requested, with all mTokens performing in accordance with their defined parameters.

Transparency, accountability, and integrity remain at the core of Midas’s infrastructure and vision for on-chain finance. Midas does not manage assets or risk. Instead, Midas provides the tokenisation infrastructure through which qualified asset managers can issue tokenised products providing exposure to underlying strategies. All on-chain assets are verifiable in the public domain, and off-chain assets are verified by independent agents, including @Ankura_Consult and @eo_network.

All asset managers on the platform are responsible for providing ongoing communication on risk management over the course of the market developments. Midas amplifies these updates through official channels to ensure visibility and transparency.

[devleader @DevLeaderCa]

Before LLMs:
Coding: 3 hours
Debugging: 1 hour
…
..
.
After LLMs:
Coding: 3 minutes
Debugging: 1 week

[search founder @n0riskn0r3ward]

Exactly one year later I think it's safe to say this @levelsio take (like many others at the time) was off the mark