What our portfolio has been up to this week: 🔹 @FolksFinance went live with cross-chain WBTC and WETH on Algorand via Wormhole NTT, bringing native BTC and ETH lending to Algorand without a wrapper hop. 🔹 @alloxdotai opened its largest campaign to date: $500,000 in rewards across six weeks, for on-chain portfolios built on BNB Chain via PancakeSwap. 🔹 @structbuild shipped a full Polymarket Explorer upgrade, now covering market pages, liquidity rewards, recent trades, and category tags, all running on the Struct SDK. 🔹 @KaspaCom launched its first stablecoin pool, with USDC live on the KaspaCom DEX, paired with liquidity rewards and 3x KCOM points for early LPs. 🔹 @BitSafe_Finance CEO Aki Balogh joined FintechTV from the NYSE floor this week to unpack CBTC on Canton, and the thesis that institutional Bitcoin on-chain needs its own security model.

General Relativity Keeps Revealing Unexpected Spacetime Geometries That Go Far Beyond Everyday Intuition. In 1988, Kip Thorne and Michael Morris described a traversable Wormhole geometry that strangely connects two distant regions of Spacetime without an event horizon or central singularity. No traversable Wormhole has ever been observed. Within General Relativity, though, these solutions are mathematically valid if Spacetime is supported by exotic stress-energy that violates classical energy conditions. It's a solution Einstein’s field equations allow, but nature has not confirmed. #Einstein# #GeneralRelativity# #Wormholes# #Spacetime# #Physics# #Relativity#

Hyperliquid should watch their back now? A friend asked me the other day: "@HyperliquidX is taking too much market share. Do you think there's another perp DEX that can actually catch up?" It made me think for a while. So I went digging, and found the answer on @solana. It's called @PhoenixTrade How so? Recently @toly, co-founder of Solana, has been mentioning perp DEXs and Phoenix quite a few times. Around the same time, Solana launched a new X account @perps. And right after @DriftProtocol collapsed, around 70% of Solana's perp DEX volume bled out to Hyperliquid & @Lighter_xyz The entire Solana stack is rebuilding the perp DEX category from scratch. And Phoenix is the one they picked Why Phoenix specifically: - Built by @ellipsis_labs, the same team behind @SolFiAMM - Raised $44M from @paradigm, @ElectricCapital, @robotventures - Fees at 0.005%, cheaper than most other perp DEXs - The original Phoenix orderbook had one of the tightest spreads Why Solana will actually pull this off this time: - No network outage since Feb 2024 - @anza_xyz shipping validator and scaling upgrades for perp DEX infra - I remember Solana came back from the FTX collapse. They got hit hard, only to thrive stronger And not only that The Phoenix airdrop also caught my attention because competition is unusually low: - Most retail gave up on it when no token came - Others moved to perp DEXs with confirmed point programs - Some quit because the new product costs more in fees Look at the Solana TGE pattern: - @JupiterExchange: 2+ years from mainnet to token - @wormhole: 2.5 years - @MeteoraAG: 3 years - @jito_sol: 1.5 years Build product → Find PMF → Then token. Same playbook And @perps literally said they'll "be back in 12 months" with an updated leaderboard. That's your timeline, almost officially Good things take time. This is a position for the next few years Worth taking a shot Winter Soldier out

lowercase snarks Words like laser, scuba, radar began uppercase. LASER — Light Amplification by Stimulated Emission of Radiation SCUBA — Self-Contained Underwater Breathing Apparatus RADAR — RAdio Detection And Ranging When a technology matures and becomes reliable, trusted, commoditised, it earns the lowercase. Lean Ethereum is a bet on snarks, not Succinct Non-interactive ARguments of Knowledge. Post-quantum security. Provable soundness. End-to-end formal verification. Deep cryptanalysis. Real-time proving. zkVM programmability. Simplicity and elegance. All essential for the lowercase. All inevitable. Ethereum L1 has 10y uptime and $1T secured with hashes and signatures, our cryptographic workhorses. I believe in 100y uptime and $1Q secured with snarks, our cryptographic jet engines. * L1 scale — 10K TPS gigagas scale with real-time zkEVMs * L1 security — post-quantum security with snarked signatures * L1 privacy — Zcash-grade stealth with wormholes (eg EIP-7503) Shipping snarks is a cryptographic Manhattan Project, one the EF is investing tens of millions into: * verified-zkevm[.]org — formal verification * poseidon-initiative[.]info — deep cryptanalysis * ethproofs[.]org — real-time proving * proximityprize[.]org — provable soundness * zkevm.ethereum[.]foundation — enshrinement * pse[.]dev — privacy Step by step, the EF is evolving into a snark-first org: * cryptography team — driving soundness and cryptanalysis * snarkification team — driving formal verification * zkEVM team — driving protocol integration * Ethproofs team — driving real-time proving * PSE team — driving privacy * PQ consensus team — soon™ Believe in something magical. Believe in lowercase snarks.