The 0 to 1 moment for @spectrumindexes, Prism’s first killer app, will be some big KOL actually running the math on fees and launching their own basket.  They’ll realize they can print infinite with a good basket, respawn the print higher and higher as volume scales, and doing it while providing a service to their audience instead of dunking shit on their heads.  Fee on the basket is to be selected by the person who launches it in a 1% to 3% range: the low range of what tardfi private funds or niche ETF have been charging for decades. The team has said trade execution is getting refined mutlichain every day via optimal routing, so that’s gonna be effectively lower than what you guys click every day on fomo or by rawdogging phantom. But I digress. 30% of that goes to Index owner. 20% buys and burns $Prism forever. AND. Holders of the index basket themsleves get 50% of that basket’s fees! No one understands what that really means: now you have an army of bagworkers automatically incentivized to work for your index. And directly benefitting from it’s success, the fees they paid routed back tenfold if the basket succeeds. Finally, because this is not a fucking gimmick or a meme, the balset is not synthetic liquidity: there is no “index amm” for phantom liquidity that can get eugged, this thing actually BUYS the underlying that is always redeemable by you 1:1 at any moment. One click. So it benefits projects included in the basket too. And that’s the last piece of the epxomential puzzle. Projects will WANT to be in there: volume, eyeballs, legitimacy if the Index is from respected big names. So you have the ultimate bagworkers there, plus whatever extra incentive they’ll wanna throw in there: extra yeld for DeFi’s all stars ETF? A TV spot for podacst show hosts basket? Airdrops for NFT bros basket?  And that’s value accretive and revenue stream number 3. And they are all not additive, but exponential. Stacked. Checkout creator coins like @blknoiz06’s. Or @rektmando’s. Check the volume, the following. Now run the numbers on a possible index. Now scale it - in some rare moonshot scenarios, granted - where these become the defacto normie facing “trench baskets”, and check the kind of volume stuff like that does in tradfi. Or crypto baskets at large, better and faster sourced, adjusted and selected by the most competitive traders and investors in this side of the financial globe. Mainstream baby. No one cracked Indexes/ETF because tek, maybe, sure, and now we have that. But also, frankly, mainly cause fucking greed. Always. It was never enough fees, never enough backroom deals, some weird synthetic low liquidity pool to nuke, and why would holders be paid? Just like that moron of the previous dev that invented the tek but not the tokenomics nor the right incentives nor the morals and run with peanuts with what will be remebered as a generational fumble. This is sustainable, incentivizing, clear. Everyone eats, and there’s a real service that is oddly just nonexistant onchain vs the most uniquitous model of investing in tardfi: Indexes. And it’s easy to scale because of the tireless UX work that Colby and team put in every day. Something that I’ve been yelling is needed to onboard in this psace forever and yet everyone fumbles constantly.  One click, all chains. Seconds not minutes.  And this whole machine is just one of the many apps that all point back to $PRISM. One mothership. One value funnel. But again, almost no one reads and almost no one connects the dots or runs the numbers, so no one saw the vision yet.  Higher.

As usual, I’m a picky mfer, but I’ve been looking for a good RWA play for a while, and I just finished building a position in @lienfiapp. My apebrained tl;dr is this after stalking two years of the RWA narrative: it’s been 80% tokenized T-bills and 20% pokemon cards. Dass it. So it looks to me like everyone is fighting over a 3% yield that Larry Fink already sells better, or TCG gachas with no moat and winner takes all. $LFI is tokenizing tax liens, an asset class that’s been printing double digit yields in county courthouses since before any of us owned a wallet. Pension funds have been farming this shit for fifty years, it’s a massive market, and for my understanding retail basically could never touch it. The project had their 0 to 1 moment last week when they went live with their Florida batch of Liens. It’s live. If they scale it’s massive imho. Not financial advice, dyor and all that jazz. Red flags? They just launched two weeks ago or so, one batch live, lots to prove, and unclear what kind of direct value accrual there will be to the token. But that makes sense or it wouldn’t be sitting at 10 milli mcap. I like the asymmetry of an early bet, I wanted some RWA exposure, will stick around for a while. Bet is dumb simple tbh. Just like I like em.