Bimoo

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I am the 8639th to press The Button by @_4DHD_.

Your turn to press The Button:

Crazy thought of the day:

What if Gensler was actually GOOD for crypto?

He certainly seemed like a villain, but:

- He refused to make clear rules that could have sent the industry irreversibly down a bad path, and instead just made things frustrating and slowed the industry’s growth for 4 years

- He pursued scattered enforcement actions on specious legal theories that were repeatedly struck down in court, laying the groundwork for meaningful reform in securities law and market regulation

- Without him, we wouldn’t have seen the industry rally as a potent political force, Selkis wouldn’t have gone Super Saiyan, and Trump wouldn’t have fully embraced crypto as a campaign strategy, leading to the most ungodly bullish setup the industry has ever seen

Maybe Gensler was our Severus Snape?

PSA:

Now that $MORPHO is transferable, you can add ~7% to all these APYs

Will the next breakout crypto app (10M+ users) be built by crypto natives, web2 builders, or former tradfi-ers?

It's 2024

If the name of your new project includes 'bit', 'block', 'coin', or 'chain', please try again

The power of cross posting with @yup

Crypto’s AirTag Moment: Unlocking Mass Adoption with Web Proofs

How zkTLS will revolutionize airdrops, incentives, and marketplaces

https://www.nascent.xyz/idea/cryptos-airtag-moment

Sony is launching an Ethereum L2 using the /op-stack & joining the Superchain

Coinbase, Worldcoin, Sony... large cos who can bring millions onchain all choose @optimism
https://www.coindesk.com/tech/2024/08/23/sony-electronics-pioneer-behind-walkman-starts-own-blockchain-soneium/

Frankly, I'm surprised MIT didn't find more backdoor ways to work around the Supreme Court ruling and effectively keep affirmative action in place

I'll be very interested to see whether other elite universities show similar results with this year's incoming class

We at @nascent are thrilled to announce our investment in @yup alongside our friends at @ideocolabventures.lens & @dwr.eth

We share a vision of the exciting and powerful role open social platforms will play in the future of how we connect, create, learn, and earn

Thesis and post 👇

Whatever law established the Do Not Call registry really needs to be updated to include bans on text messages too

I’m getting multiple texts every day from candidates from both parties and it just makes me hate them all

There's nothing quite like the anticipation and excitement of diving into beta features and discovering all the ways they'll revolutionize your workflow

I'm genuinely curious what people think here

https://frame.vote/5mW+nV2B

Nothing like trying to send an international wire to remind you that crypto UX is freaking amazing compared to the legacy banking system

9 times out of 10, the founder being a jerk to their competitors in public is insecure and knows they’re getting their ass kicked

Pointing out where your product is better is fair game, but it’s pretty obvious to most observers when legit competition crosses into sour grapes

Assume a faulty block was proven via an optimistic rollup’s fault proof system. What happens for all the other users that then take actions based on an invalid state? Does the chain just get reset to the block prior to the invalid tx?

Tradfi got T+1 settlement? It’s not single-slot finality, but not bad!

Wait, we’re not counting blocks?

T+1 minutes? No?

T+1 hours? Still no?

T+1 days?!

Yeah, clearly no use cases for blockchains…

A potential solution to the low float / high FDV problem:

Let vesting/locked tokens be deposited as the quote (borrowable) asset in a lending market

This would effectively increase the float via short interest, enabling price discovery, without allowing insiders to sell sooner

Thoughts?

See that line on the right?

That’s not a border

@morpho @makerdao @sparkdotfi

I don’t get exposed to a ton of new music these days, but love this concept of a daily subscription to new drops from emerging artists from @cooprecs

https://hypersub.withfabric.xyz/collection/coop-records-club-izh68wci0c8w?referrer=0xcf03b0f43f7c0578366c58d5277f0512297a71be

Ethena bringing CEX funding rates onchain in tokenized form (sUSDe) is having massive ripple effects across DeFi

Right now, Maker, Aave, and others are reacting by raising their borrow costs and the native yield they pay holders

But we're about to enter Act II... 🧵

The state of crypto lending

Ok, it's finally time: Ethena's USDe has hit mainnet!

http://app.ethena.fi/join/agsrl

Half the people I talk to are insanely hyped (20%+ yield!) and half are understandably skeptical (20%+ yield?!)

I think this deserves some explanation 🧵