So if L0 buys Stargate for $110m in ZRO, this is an obvious short, right?
The existing circulating market cap of ZRO is only $232m. What happens if even 5% of that ZRO gets sold? Which surely that’s unrealistically optimistic to think 95% will diamond hand vs realize an exit?

Just a reminder that lower fed funds rate would be bad for stablecoin issuers, who rely on the yield from short duration treasuries.

I can’t believe you degens didn’t make a @Polymarket on Powell’s breakfast choices since you knew they’d be reported on by verifiable sources

The most entertaining outcome would be tokenizing the stocks of DATs, having them trade at a premium to offchain, the offchain trading at a premium onchain NAV, and then borrowing onchain to buy offchain to mint more tokenized stock and repeating.
Dangerous but entertaining!

A gold asset treasury company would be valuable to investors, even though gold ETFs already exist.

You know it’s just the natural order of things, but it’s been fascinating to watch DeFi underwriting standards just inch down bit by bit over time. I think it is generals prepping for the last battle (oracle manipulation, exploits in counterparties) and not the next one

I have a share in a company with $100/share in it. The assets can never be distributed, but you can buy or sell the company shares. The company may acquire more money per share, but remember the shares cannot ever receive a distribution.
How much is this share worth?

I have a box with $100 in it. The box can never be opened, but you can buy or sell the box. You can also put more money in it if you want, but remember the box cannot ever be opened to get it out.
How much is this box worth?

An overlooked lesson in the stablecoin-chain bubble is that other chains should be working hard to raise local champions so the fate of their economy isn’t in the hands of a a competing chain operator.
@0xPolygon @Optimism @base @arbitrum @solana @trondao

At what point does some L2, realizing they can’t operate at a loss forever, swap all the UDSC/T for their own branded stablecoin to capture the fees? It could be done safely, but responsible execution is everything

Circle on Odd Lots fumbling over what their competitive advantage is. They really need to come up with a better answer than buzzwords like flywheel or developer platforms. Also unsure shilling Hashnote while its supply is moving towards 0 with haste demonstrates domain competency

If you fire someone bc they report bad economic data, how are you going to know if the data is right next time? This seems shortsighted

Inflation and employment numbers really not what we all wanted to see here