Imo the audience today didn't fully grasp what's
@cubexch
or else they'd be crying tears of joy:
1. It is an excellent exchange. Most CEXs are trash by TradFi standards.
The lowest (ethical) standard in TradFi is that the exchange should not be front running trades. Well ofc
The new episode of
@gizmothegizzer
& Yaoyao's talk is coming 🫡
Do you love the cat? Join us with the 2 major contributors from
@wenwencoin
foundation
@TheSwervor
and
@TruittLuke
, let's talk to the cats to learn what's special about WEN and WNS
新的一期Anna &
There's more to stablecoins on Solana than just USD! There's EUR, CHF, CAD, ISK, BRL, MXN, TRY, AUD and more to come.
If you use the fiat version of those currencies, please drop a comment on what you'd like to see the stablecoins be able to do.
This is stablecoins on Solana: highest transfer volume and # of transactions with relatively low issuance.
Highly capital efficient.
Call Solana a cheap man's chain but that's how everybody can experience Web3 with just $1.
Dashboard
@artemis__xyz
2c from
#TOKEN2049
1. Ironically for an industry that started in decentralization, centralized exchanges are still king. No signs of market share fragmentation in each vertical.
New institutional and corporate interests are further corporatizing the industry. Saw an OKX
USDC-SPL withdrawal on
@binance
is suspended again due to high user demand to go on-chain. In the meantime, you can withdraw USDT-SPL and swap it on
@orca_so
,
@RaydiumProtocol
or
@JupiterExchange
.
It's the exchanges' responsibility to maintain uptime and liquidity. smh
This is a story of my childhood and culture:
In early 2000s Shanghai, the hip thing to do was to be "Western". Everything imported was "better".
I went to international schools with a lot of foreigners, and the Chinese were somewhat looked down upon by our teachers. When I
I will be speaking at
#Breakpoint2023
about my favorite topics: the past and future of money, stablecoins, and trading. Come find me on main stage on October 31st and at the innovator stage on November 2nd and 3rd.
But also, anyone interested in bouldering in Amsterdam??
A number of CEXs have suspended withdrawal of SPL tokens and stablecoins due to liquidity crunches and internal treasury rebalancing issues.
This is why we need exchanges where your tokens are actually there! E.g.
@JupiterExchange
@cubexch
(what else is there, enlighten me?)
Help us convince OKX that they should support Solana stablecoins! Share stats, like, or comment on how you use SPL stablecoins, especially on/off CEXs. (cc
@macbrennan
@mst1256
)
Hey
@HyperliquidX
all my trader friends love you but I only see 4 validators.
How is this different from the CME having a server and a few backup servers?
Solana stablecoin issuance broke $3B again.
@artemis__xyz
is working on some exciting reports into
@circle
CCTP impact and new funds’ preferred activities. Stay tuned!
Stablecoins are about to undergo a fundamental structural change as an industry: issuers will share yield from collateral.
No longer will issuers be able to pocket all the yield and get free distribution from protocols, exchanges, and end users.
Under the new paradigm, issuers
If you guys go read the whole thing I’ll post more climbing videos. Takes as long to read as doing those pull ups.
This was a few months ago beating the marine challenge. Won a free shirt for my host child!
The stablecoin trilemma: stability, decentralization, and scalability (capital efficiency). Can it be solved?
Ironically people wrote about the stablecoin trilemma mostly in the previous cycle, with each project claiming that they've solved it.
They generally fell into the
My favorite memecoin hustler is
@ec__2017
:
At first I thought it was a joke, but he showed me 30 pages of PE fund vision for
@Moutai_Sol
. I told him bruh this is too long nobody will read it, but he kept pushing it through and building. It’s now becoming reality.
But he’s
🚨IMPORTANT MOUTAIFUND REFRESHER IN AN IMPORTANT MONTH FOR MOUTAI - MUST READ🚨
INTRODUCTION
I originally posted this one when $MOUTAI reached a $30m market cap. It was inspired by lots of chats with my favourite person at
@SolanaFndn
the fantastic
@gizmothegizzer
and in
The TradFi mind cannot comprehend...
The
@solanamobile
Saga phone comes with 30mm
@bonk_inu
on it, which covers the cost of the phone at current BONK prices. Sales of the phone have 10x'd in the last 48 hours and are now on track to sell out by YE.
Comment below if you're a student looking for part-time or summer internship. Bonus if you:
1) love stablecoins
2) care about decentralization
3) speak another language
April Solana Stablecoin Update powered by
@artemis__xyz
1. We are sitting at $3,508,952,000 issuance with USDC, USDT, and EURC. An additional 500M USDC minted
@circle
went to Binance. Long tail still insignificant.
Today's episode with
@CryptoHayes
&
@leptokurtic_
dives deep into the world of stablecoins & synthetic dollars.
They unpack:
-
@ethena_labs
USDe risks & design
- Navigating the synthetic dollar landscape
- The future of crypto yields
- Sectors to watch this bull market
Want to launch a compliant stablecoin on Solana without writing custom smart contract code?
Use Token Extensions and follow
@jnwng
for more ideas on what to build with Token Extensions
The stablecoin trilemma: stability, decentralization, and scalability (capital efficiency). Can it be solved?
Ironically people wrote about the stablecoin trilemma mostly in the previous cycle, with each project claiming that they've solved it.
They generally fell into the
Observations and thoughts on the RWA Summit in NYC yesterday by
@centrifuge
Interest from both TradFi and Web3 players are definitely high but for different reasons.
Two years ago I was having lunch with
@jarxiao
at the office and he said: "I think I could build a better LOB on Solana."
A few months later he quit his job to code
@PhoenixTrade
with
@0xShitTrader
.
Top % team backed by top % investors.
Are you in? (they are hiring)
Awesome stablecoin dashboard by Visa
@cuysheffield
and
@AlliumLabs
breaking down on-chain stablecoin activity. Feedback & data 🧵
The best part about the dashboard is adjusting for single-directional volume and a heuristic for organic users versus bots. It's fairly basic rn, but
Permissioned L2s for payments?
Suddenly in the last few weeks I came across a handful of projects building payments L2s, both EVM and SVM.
The pros:
- Lower regulatory risk by complying with AML
- TradFi FIs more comfortable on a semi-centralized ledger
- Closed loop payments
If you care about a decentralized financial future, you should care about decentralizing money on-chain.
I'm looking for passionate builders to join me! If you're a dev, designer, or marketer, please reach out.
A flux of well-capitalized issuers are entering the arena and
Tokyo's government announced a subsidy for RWA startups to cover costs up to 5 million yen relating to platform, consultancy, and system development fees.
This amount can be higher for certain use cases that address social issuers or provide new investment experiences for
I've found my people
@sanctumso
💙
Positive-sum mindset is about growing our industry together, not just taking away a slice of the nascent pie for yourself.
Are you staked yet? If not, head over to and check out their design.
Roasting
@Austin_Federa
, a special edition of Anna & Yaoyao's talk (
@ynonestop
) on Twitch + Spaces this Saturday 10am ET.
I first met Austin in 2022 and I thought he was a pretentious a**hole.
Come for the stories, stay for the alpha.
Dan first told me about his idea of building an on/off-ramp in 2022 when he was struggling to off-ramp users from his web3 game. It wasn't clear that his idea could scale.
But the Coinflow team grinded day in, day out. They got more banking partners, more customers, and more
6/ Part of the crypto ethos is that application users shouldn’t be forced to trust developers. For an application to be trustless, its code must be open source.
We’ve open-sourced the Phoenix program under the Business Source License.
"RWA" is not about wrapping an existing asset on-chain, it's about unearthing new assets classes and making them more accessible to investors.
Congrats on the launch
@odai_0x
1/
Today we bring
@Elmnts_
out of stealth with the goal of providing access to oil & gas mineral rights and royalties. Its a commodities tokenization and lending ecosystem for real-world assets, with our first product launching in the coming weeks - built on
@Solana
We’ve partnered with
@Brale_xyz
to launch Real MXN (MXNe), a Mexican Peso bond-backed stablecoin on
@Solana
and
@StellarOrg
. MXNe will transform on-chain payments, remittances, and payroll in Mexico. 🇲🇽
👉
Met the founder of
@NetmindAi
@anMe_kz
yesterday in Dubai.
They are in a different league building towards a future with AGI. An ecosystem.
The team is >90% researchers and devs. The guys didn’t even know about Solana or blockchain. 🤯
I’d love to read any research on them!
What happens if stablecoins keep growing?
The industry that's born to challenge the dollar hegemony ends up strengthening the dollar as
@ay_o
points out below.
Thanks
@huerhodes
for sharing!
Swissborg integrating into Solana defi in is a huge game changer
1 click from fiat to buying tokens on chain via
@orca_so
@PhoenixTrade
& more will help both defi liquidity & users get the best prices
Great innovation & execution
@swissborg
@nremond
@Cyrus_Fazel
Why are most crypto projects trying to build siloed communities on discord or tg?
Realistically each person will have multiple project interests and it’s quite a lot to check every gc?
Why not use something like Twitter or Reddit where there’s “feeds”?
Genuinely curious.
🚨Launching the latest “Solana DeFi Ecosystem Map” - ft. LIVE DeFi projects on Solana by category📈
👀 Stay tuned for a detailed essay on the State of Solana DeFi - meanwhile, shill what you are building👇
cc:
@inSitesh
@gizmothegizzer
Major kudos to
@XicoSR
for helping me find a ride to the airport 🔥🔥
Dubai airport status: almost no traffic to the airport; expect long lines inside. Planes are taking off, but there are tons of people stuck from previous cancellations so most amenities (like seats) are full.
996 job: designing new financial instruments on
@solana
Side hustle: educating a network of quant traders @
Moonlighting: executive assistant. New responsibility includes finding boss a gf. TIL Tinder has a co-pilot feature for EAs.
Welcome PYUSD to Solana’s growing stablecoin family!
A major stablecoin launch…yet many more to come 🫶🏼
May your fiat rails be plentiful and your liquidity be fractional 👐🏼
1/📣Breaking News:
@PayPal
USD (PYUSD) is live on Solana!
PayPal USD stablecoin issued by
@Paxos
will leverage Solana and token extensions to serve over 30m+ merchants, empowering users with fast and secure stablecoin transactions.
Stablecoin mint/burn, % of M2 money supply, global payment corridors, on/off ramps, and more.
Thank you
@rwa_xyz
for incorporating my feedback so quickly. I told them that some of those metrics will be challenging to triangulate, so I'm super excited to see those metrics show
🚨 Announcing the Stablecoins Dashboard 🚨
Today we're launching the most comprehensive view into crypto's biggest real world use case. Check out the most notable institutional and asset-backed stablecoins 🧵👇
🍳 Fresh off stablecoin brunch and panel with the stablecoin OGs by
@fabric_vc
Embedded wallets, regional issuance, lots of consumer applications – vast number of use cases to be created in the next 10 years.
with
@gizmothegizzer
from
@solana
, Edwin from
@PayPal
, Sunil from
MONEY IS A PUBLIC GOOD.
Technology and innovation for money is underfunded and overlooked.
Stablecoins are merely the first step towards equitable access of money. While the current stablecoin duopoly has drastically improved global access to the dollar, money remains