winston

founder @trystable | here to win.

prev cofounder @wemetaai data science @blazingsql

[winston @stablewinston]

Read Citi’s Tokenization 2030 report. They model equities, treasuries, private credit, real estate funds.

They don’t model the biggest pool of high-quality collateral in the country: U.S. mortgages.

Tokenization can’t manufacture liquidity—but a stablecoin can make that value usable. That’s the bet with USDX.

[Stable @trystable]

Citi Institute’s Tokenization 2030 report: tokenization alone can’t manufacture liquidity. The unlock is making an asset’s value usable.

A mortgage-backed stablecoin does exactly that—turning high-quality, income-producing collateral into liquid, mobile, on-chain capital.

$USDX

[winston @stablewinston]

Crypto version: Sifting through some family files this week and was forwarded a story about my mom’s work with an organization she founded for catholic charities in New Orleans.

While it has perhaps lacked in recent years, funding the commons is a core crypto problem. This story made me think about common good a bit differently, and wonder what the naive and utopian understanding of networks (and network states) could be.

[winston @stablewinston]

Sifting through some old family files this week, and was forwarded a story from 1994 about the work my mom did with Catholic Charities in New Orleans. She told me plenty of stories about her work, but for whatever human reason there’s a difference between stories you’re told and stories you read. This one made me pause, and believe again that there are people who set out to change the world, and win.

[winston @stablewinston]

Sifting through some old family files this week, and was forwarded a story from 1994 about the work my mom did with Catholic Charities in New Orleans. She told me plenty of stories about her work, but for whatever human reason there’s a difference between stories you’re told and stories you read. This one made me pause, and believe again that there are people who set out to change the world, and win.

[winston @stablewinston]

Interesting

[Steven Goldfeder @sgoldfed]

As enterprise adoption is heating up, Arbitrum is well positioned to capture revenue.

10% of fees collected on Robinhood Chain (and every other Arbitrum L2) go to the Arbitrum ecosystem — 8% to the tokenholder controlled treasury and 2% to fund development.

And of course 100% of fees collected on Arbitrum One go to the Arbitrum treasury.

[winston @stablewinston]

Interesting

[David Senra @davidsenra]

Marc Andreessen (@pmarca): Airbnb could have been boutique booking software. Uber could have been taxi dispatch software. Tesla could have been self-driving software.

They decided to take over the entire industry instead:

"Silicon Valley between 1950 and 2010 was primarily just in the tools business.

You'd build a tool like an operating system or a disk drive, sell it to people, and they'd figure out what to do with it.

Then something changed.

Alternate universe Airbnb is just boutique booking software. A tiny little business building spreadsheet software. But Brian Chesky decided: we're going to go into the hospitality business and compete with hotels directly.

Uber and Lyft in the old world were just taxi dispatch software. In the new world, they're full transportation providers.

Tesla in the old world would have just been software for self-driving cars. In the new world, it builds the entire car.

Facebook, same thing. Prior to Facebook, if you built online ad software, you were selling it to media companies. Mark said: no. We're just going to beat the media company. We're going to build the entire thing.

That was the pivot point when the Valley's ambitions went from just building tools to going directly into incumbent industries.

And then AI makes that crystal clear. The winning AI companies are raising billions, tens of billions, in some cases hundreds of billions of dollars.

The old world of $10,000,000 or $50,000,000 — where VCs tap out — is just not relevant anymore."

[winston @stablewinston]

Wow

[Chris Barrett @ChrisBarrett]

update: after careful deliberation over the last 24 hours

i have made the decision to migrate away from long hair

this transition reflects the next phase of my journey

my sincere appreciation goes out to everyone who supported this era

[winston @stablewinston]

Interesting

[Beanie @beaniemaxi]

As it turns out there's a direct correlation between NFT prices and adjacent IRL adoption. It's just that most projects didn't live long enough to create meaningful IRL adoption. Azuki did. And its TCG success in mainstream collectible markets is now driving its NFT floor higher.

[winston @stablewinston]

Interesting

[tradfi news @tradfi]

*WARSH ANNOUNCES SLATE OF NEW ADVISERS FOR FED TASK FORCES - NYT

*FED SELECTED FORMER GLOBAL CENTRAL BANKERS AND ECONOMISTS INCLUDING MERVYN KING AND RAGHURAM RAJAN

*FED APPOINTED MARC ANDREESSEN AND XBOX CEO ASHA SHARMA TO LEAD AI AND PRODUCTIVITY STUDY

[winston @stablewinston]

Good man

[low yield lucy @picotop]

intern just said "type shit" to a client.

[winston @stablewinston]

If the DAO uses that 10% to fund their operation which are (largely) focused on building the best network then 10% seems like a logical allocation

[amandatyler @amandatylerj]

“Robinhood will leave, like Base did.”

even if they did, which I don’t think they would because the stack is built to meet their needs, they don’t just get to fork the stack and walk away.

the @arbitrum platform is licensed under a community license. If Robinhood forks the repo, they still owe the DAO 10%, which IMO is fair!

fully open sourced is cute, but if we want to build sustainable business models around infrastructure, it doesn’t work.

@Offchain gets it, so stoked for this team.

[winston @stablewinston]

@sama Sam I have an idea where the cost of the ai would cover itself 20x assuming we’re charging 5x as much as Claude pro

[winston @stablewinston]

Interesting

[Arbitrum @arbitrum]

The Robinhood Chain

> Ethereum secures it
> Arbitrum powers it
> Robinhood brings millions onchain

The next chapter of finance is programmable

[LPGA @LPGA]

Charley Hull with an eagle finish 💪

She's just three back of the lead 👀

[litquidity @litcapital]

“JPMorgan, the middle market bank?”

[Cryptoangelo @Crypto9ite]

I asked Grok to compare the TAMs for $LFI and $STABLE

[To be clear, my intent isn’t to take anything away from $LFI. It is to show how undervalued @stable_tweets is at $300k mcap compared to $LFI at $6m]

Wishing both #RWA projects success!

https://t.co/fA9IL4mBme

[Stable @trystable]

4/ USDX stays a clean $1. Want the yield?

Stake into mUSDX and earn the net return of the mortgage portfolio — coupon and interest income, passed through automatically.

Same pattern as sUSDe and sDAI. Composable across DeFi.

[winston @stablewinston]

@snazzors @trystable

[Stable @trystable]

Applications from our partner hit the inboxes of approved Stable Home Accounts today. Our work with this suite of national lenders starts here, and scales to trillions.

Stable brings the mortgage lifecycle onchain, resulting in scaled savings, without disrupting existing flows.

[winston @stablewinston]

Interesting

[Trading Strategy @TradingProtocol]

J.P. Morgan enters the vault curating business.

JPMorgan Chase is the largest/most valuable bank in the world by market cap.

Right out of the bat, JLTXX vault (denominated in USDC) is $700M, making J.P. Morgan the fifth-largest curator, bypassing @TelosConsilium and @upshift_fi.

Vaulted strategy invests in U.S. Treasury bills, bonds and overnight repurchase agreements.

@jpmorgan runs its vaults on its proprietary protocol from its Kinexys blockchain division (formerly known as Onyx). The vault runs on Ethereum and is denominated in USDC. Before, Kinexys was developing permissioned blockchains.

J. P. Morgan's CEO, Jamie Dimon, is also known as a major antagonist of stablecoins, DeFi, crypto, and blockchain, and has not missed a chance to bash them. How the tables have turned.

J.P. Morgan's vaults: https://t.co/big5qvhlk5 - check for our technical details on the vault, strategy tearsheet and smart contract information.

Curator ranking: https://t.co/QxwNJe1FkF