Yearn and Clearstar are allocating to the stcUSD @Morpho market on @Katana. This allocation shows how curators continue to trust Cap as a safe and reliable asset for borrowers. Cap Delivers 🧢

Years of free cash flow required to buy back the enterprise value: $MU 41 $NVDA 43 $SNDK 51 $TSM 52 $AMD 95 $ARM 283 $INTC — never. Negative FCF. On earnings Micron is 3x cheaper than Nvidia. On cash flow they’re the same stock. Micron’s forward P/E is 6.77 with an EV/FCF of 40.99 ; Nvidia’s forward P/E is 21.28 with an EV/FCF of 42.79 . Three-turn gap on earnings, dead heat on cash. That’s the fight. Intel’s TTM operating cash flow was $9.98B against $13.10B capex — free cash flow of negative $3.12B . “Never” is factually correct and it’s the best line in the thread.

Years of forward earnings to buy back its entire market cap: $SKHY 4 years $MU 5 years $SNDK 7 years $NVDA 16 years $TSM 19 years $AMD 37 years $INTC 60 years $ARM 86 years Bears keep saying cash flow is what matters. Fine. Price that in.

Year to date, over $6B of new capital has entered RWAs. Introducing Net Flows to the DefiLlama RWA dashboard. Track movements into and between RWAs. This new metric strips out the effect of price changes to measure capital movements directly.

Yearners, your time is now 🤭🤧 Gracie Abrams shares her original voice note for track 8 “Sober” from her upcoming album ‘Daughter From Hell’ in Voice Memo Demo for Billboard.