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Colby
@ColbySaysHi
🏴󠁧󠁢󠁷󠁬󠁳󠁿 Resident Degen & CSO @IroraCapital. Building / Supporting Onchain Primitives & Builders
Joined April 2021
5.1K Following    4.1K Followers
Bill gets it! Great breakdown
People still don’t understand what $PRISM and the apps being built on top of it like @spectrumindexes are doing or why I think it’s such a big deal. Think about it: • You can’t own everything. It’s impossible. • Right now, @base tech projects are running or getting ready to run. • You want exposure to the upside, but you don’t want to spread yourself across 10 different positions. • What if you could buy ONE basket containing multiple assets and get exposure through a single position? That’s what makes @spectrumindexes so interesting. There’s a reason ETFs have become one of the most popular investment vehicles in the world. • Baskets make getting exposure to an entire thesis much simpler. • Basket trading activity will generate fees for $PRISM holders through the protocol mechanics. • Only 5K $PRISM exist. Now imagine: • A few creators launch their own baskets. • Those baskets perform well and attract traders. • Other creators see what’s happening. • They launch their own baskets. • More baskets → more trading activity → more activity flowing through the $PRISM ecosystem. That’s when this starts getting really interesting. And this is just one applicaiton. Imagine 50-100 of them using Prism tech Juicy
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