Ok making a calculated move here. Sold my $Nude position and moved the entire position to double down on @downto_finance ($DTF), a day before the protocol is turned on (September 7). All tokens are staked and ready for the protocol launch tomorrow. This could either be a massively successful trade or a dramatic fail. It's risky, it's dangerous, it's shoving your hand into the fire and hoping you don't end up with permanent scars. $DTF is trading at around ~6M FDV. Delays and antsy holders have beaten down the cap by 50% over the past few weeks. WHY? Novel DeFi. That's why. You can stop there and leave if you don't like long, windy, and probably boring threads. A lot of infra has pumped this week, especially some of the memestock launchpads (SHROOMS, PAIR, STONK, STONKX) I get the trade there, and there are clear revenues and a dartboard marketcap on the ceiling (PONS), where you can play a game of 'throw the darts' to guess what market caps are achievable on what chain. Great. Money to be made there. Easy trades. But all of these launchpads are basically competing with each other, slicing into each other's pie here, contesting for the same damn volume. We are NOT pulling in new users here, onboarding retail money, offering unique products that will service the trillions in tradefi. We are simply rotating crypto bags and calling it volume. Yes, gains are being made. The dry spell walking through the desert is over, and degens have found the oasis full of fruit trees and are ravaging everything edible. Beyond this frenetic orgy of gains, there's a bigger story unfolding: creating the infra that can handle the 95% of the world's finance NOT plugged into crypto. This is the world of tradfi, the world of equities, and a world that is just starting to be bridged over into our web3 realm. It's starting as a trickle, but it will become a roaring flood soon. Protocols and apps that build the infrastructure to channel, maintain, control, and access this will be the next billion-dollar protocols. And the landscape is wide open, a yet-unviolated wilderness ripe for conquest. That infra is being built out. The new stuff. The cool stuff, the novel stuff that is creating new spaces where there were none before. And @downto_finance, if it works, is one of those new and completely wild protocols. It's doing what Uniswap did for tokens, but for tokenized funds. One of those new financial protocols that are bringing something brand new to the table, offering yeild where there was, before, no yeild, creating markets that previously did not exist or were too difficult to access efficiently. Or simply taking markets that exist in TradFi and tokenizing them. I think these kinds of protocols are interesting, and because they are pushing into new frontiers, there is no comparable ceiling by which to easily value them. This can lend to some outrageously ridiculous market cap expansions when the trade becomes the consensus. Let's talk about WHY I'm DTF @downto_finance. @downto_finance ($DTF) is trying to create a new kind of product that doesn't yet exist: Decentralized ETFs. Fund strategies are issued as tokens, and a strategy is composed of tokens: onchain equities, chain protocols, infra, memes, etc. This turns Downtown Finance into the layer that every onchain asset can be plugged into a vault, managed and monetized. It opens an entire new layer of finance, a new base primitive around which new markets can be created. TradFi ETFs hold ~14% of the world's investable assets. @downto_finance is going to issue a decentralized version of this (the DETF). The dev is autistic, and he's trying to solve a very hard problem. This is novel DeFi, the kind of experiment that, if it works, is going to be repriced rapidly. It can also fail dramatically. The developer, one of the original Olympus DAO team, is taking the Ponzi that ran to billions and trying to tame it and leash it, and direct the mechanisms into a self-balancing ecosystem that allows for decentralized ETFs. I don't know if this will work. But if it does, I want to be there. And at about 5M FDV, this is cheap (but hell of risky here, as the protocol might not work). We've seen other novel DeFi experiments speed-run market caps, with the most recent being SHROOMS, which is altogether far less interesting or innovative than what @downto_finance is doing. Let's see how this one plays out. If this works, this will be a 50M+ new DeFi protocol with a path to 9-10 figures.