Dmitriy Berenzon
@dberenzon
2.1K Following 16K Followers
Very cool to see organic onchain demand for IPO allocations into Chinese equities, with 3/4 of the vault filled in under 10 hours.
I expect this to be an increasingly attractive category for multiple markets around the world over the next several years.
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18/ The Yield Fairy
It is often healthy to ask: “Where does the yield come from?”
Investors should understand where the yield comes from, what risk they’re taking for it, and how sustainable it is across different market conditions.
The yield fairy is not real.
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1/ RWAs are the logical conclusion of stablecoins.
I've written a new piece that:
- Proposes a taxonomy for the different types of RWAs
- Discusses the adoption sequence of RWAs
- Outlines the issues that are preventing the continued adoption of RWAs
👇
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