David Hoffman
@TrustlessState
Optimistic storyteller of frontier technology. The chaotic side of @Bankless
2.1K Following 260.4K Followers
Late 2020 was just like this
encrypt your commerce
See you in Houston 👨🚀 🫡
“lighter was built to ensure retail got the best price possible on a trade”
pretty cool tool from the team at defillama. looks at the book before a $10k market order, calculates expected slippage, checks the actual fills, then adds taker fees. actual execution cost has been debated at length and i dont think it is a +ev thing to debate anymore. but something worth noting is that lighter was built to ensure retail got the best price possible on a trade. as this metric from defillama shows, users on average receive a slightly better fill than the book implied. this is something we are very proud of. our slippage is still higher than we would like, but the all-in cost remains competitive. we want users to have the best possible trading experience, and we want builders to be able to offer that same experience to their users. we recently open sourced lighter-ts, which gives them a quicker path to offering best in class perps. from there, they can focus on serving their users and growing their own business.
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$BONER in Forbes
Do you get it yet, anon?
It’s because $ZEC has achieved the blessing of $BTC whales.
$ETH got it in 2021.
$ZEC has it today. Plenty of capital to rotate out of $BTC and into $ZEC.
I genuinely don’t understand how $ZEC is pumping 10%+ seemingly every single day.
I faded it at $50, then again at $205 this year in February thinking it was overpriced, and since then I’ve seen it just go up every fucking time I look at it.
Is it still a good buy at 24B mcap?
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We are in alt szn btw, and the hour is later than you think
Sept 14, @nickforster joined @Bankless to explain the thesis behind Derive and onchain options.
The conversation covered how options could become deeply integrated across the industry, from neobanks offering structured yield products to serving as the industry's risk-absorption engine for hedging flows.
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Crypto options could become much more than another trading product.
@nickforster sees them becoming part of the industry’s risk infrastructure:
“When our options markets become liquid, volatility actually generally comes down.”
“You can have hedges embedded via the options to protect against massive downsides and big wicks.”
The endgame: “become the risk absorption engine for a lot of those different hedging flows.”
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NEAR is the generalized version of ZEC
ZEC encrypts your money
NEAR encrypts your commerce
Shielded ZEC doesn’t make the rest of your life private.
For everything else, there’s NEAR.
Ppl sometimes forget that near:native and zcash:native are complements
NEAR gives ZEC confidential, cross-chain rails + liquidity access.
So when the ZEC sitting in NEAR's private shard rallies, NEAR Intents TVL rises mechanically with it.
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BREAKING: NEAR launches confidential perpetual futures trading powered by Hyperliquid.
Allowing users to open positions without publicly linking trades to their accounts.
$100 million in Zcash flows were served via NEAR Intents in the past 24 hours
$50 million from @zodl_app alone
Accelerate
how it started / how it's going
took eight years but the lawless onchain experiment of defi is finally becoming fi
Why are they like this??
Crypto prices are higher than when Clarity passing rumors were circulating
Good news is good.
Bad news doesn't matter.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
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The SEC just opened its first direct legal lane for onchain tokenized U.S. stocks.
Its new 5-year Innovation Exemption lets permissioned AMMs trade real, rights-bearing tokenized stocks without the venue registering as an exchange or its LPs as dealers.
What it means:
> Tokenized stocks can now trade onchain in the U.S. through qualifying Tokenized Securities Venues (TSVs).
> These HAVE to be real 1:1 stocks, carrying the same dividends, voting rights, etc. Synthetics and derivatives don’t qualify.
> The model is still permissioned. Pools need allowlists/KYC, must follow OFAC rules, operate within volume/ticker caps, and give issuers the chance to veto listings.
> Offshore stock-token markets aren’t going anywhere. This creates a compliant onshore alternative rather than eliminating synthetic markets abroad.
> The big question is demand. Can a gated, compliant system attract meaningful volume when offshore alternatives are much easier to access?
As they said they would, it appears CLARITY's failure has fired up the SEC and CFTC to pursue rulemaking on their own. I don't think this is the last exemption we'll be seeing...
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I've acquired a bag of $DRV with an average purchase price of $0.179
let it be known that I buy my bags after I release podcast episodes on @Bankless, and the token goes up 30%
@Bankless note the strategic comma separating the podcast release from the 30% candle
I've acquired a bag of $DRV with an average purchase price of $0.179
let it be known that I buy my bags after I release podcast episodes on @Bankless, and the token goes up 30%
Some quick bits to reason about this chart:
- Daily tokens up 6–7x in six months
- Doubling every ~2 months
But look at the growth curve - the growth is growing.
If the current ~6-week doubling holds, @AskVenice hits ~1T tokens/day by December.
If it reverts to the 6-month average, ~1T/day by January.
I'll check back when Venice crosses 1T/day.
If you see me RT this tweet before Dec, expect $VVV to be much higher
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Clarity passing doesn't really matter
SEC/CFTC rulings are backdoor Clarity. We're getting what we need either way
What matters is crypto pumped on a hint of Clarity passing - A sign of a healthy bull market
Good news is good. Bad news doesn't matter.
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