Soon-posting is lame. I've been pretty quiet over the last 6 months, but here's a glimpse at what's rolling out -- starting next month: There is a radically new product coming -- it's not a feature, or side-product, or anything small. This product does not exist in defi. On any chain. The product is audited & stress-tested, but we're not allowing ourselves to ship it until each box below is checked... ↓↓ 1) A net-new on-chain pricing system. No more stale oracles, no more chain congestion disruption 2) The absolute best user experience. That means the fastest, lowest cost, most efficient experience from top to bottom on the variables you care about most 3) A net-new liquidation system. Solvency is everything, so our liquidation system is taking a radically new approach that will unlock more for users. 4) An optimized risk system. Our risk systems have already been thru extreme stress tests, always protecting user deposits in prod. They're about to level up even more. 4) Complete clarity on points, token, and timelines. The only (good) surprises here will be for users that continue to stick with @marginfi through thick and thin. --- From a program standpoint, we've already checked off the following boxes: 3) Multiplicative to Solana DeFi. This is composable, not zero-sum, and opens up completely new use-cases for the broader ecosystem 4) Multiplicative to crypto finance. This program's financial center will be on Solana, but it's built to be compatible with other products across chains (yes... ETH, Hyperliquid, etc) WITHOUT fragmenting liquidity. 5) Compatible with demonstrated, existing user behavior. We're not asking you to do something new. We're offering a product to optimize what you're already doing. --- The product will roll out next month. We'll have an initial launch with stricter functionality, working with defi power users who can immediately benefit. From there, we'll start opening up the product to more users. (If you're a power user, get in touch. If you use one of the below venues, get in touch ↓) Again, this isn't just built for marginfi users. If you're a user of Drift, Kamino, Solend, Jupiter, Loopscale, Exponent, and more... this is built for you too. When we launch, we will re-open community channels and start working with our users so we can roll into an effective DAO structure that accelerates growth. We'll be doing this the right way. Screw low float/high FDV tokens. Screw tokens with no growth potential. Screw lopsided community/insider allocations. Ok. That it. The final thing I want to say is: - I've listened to every piece of feedback over the last year. - I've built a team, from the ground up, to answer that feedback and infuse it with something completely new. - I've gone thru insane lengths to get the capital, staffing, systems, legal structure, and product we needed to deliver this. - And I won't rest until this is in the hands of everyone who will immediately benefit from it Back to work. Big updates coming in August. Q4 will be our love letter to Solana.

Robinhood is planning to tokenized versions of certain private company stocks (i.e. SpaceX, OpenAI). Other startups and companies (e.g. Carta) have tried to do this in the past, but nobody has really succeeded. Companies staying private longer pushes closer towards private liquid markets. It feels inevitable that we'll get private stocks with more liquid markets. Institutional and retail investors want to own SpaceX, Revolut, Stripe, among prominent private shares. But what are the other reasons why tokenized private company markets will succeed (or fail) this time around? Obviously a large opportunity for whoever gets it right.

Nowadays, I rarely have to convince friends, family, or strangers that Bitcoin will be around a decade from now. Overton window has shifted

Ethereum is winning the institutional adoption race. Our latest report unpacks why major organizations are adopting ETH as a strategic reserve asset. We include a simple thesis: Ethereum’s trillion-dollar catalyst is here. [1/7]

Immortalized thread

yesterday, we launched $dau using @dopplerprotocol to align incentives between mini apps, users, and the core team and propel growth. we think that tokens are great for bootstrapping. so we're putting our money with our mouth is and dogfooding Boost to show what's possible.

Some ramblings on what comes after Pump's ICO. 1) Potential Influx of Founders and Capital 2) A New Capital Formation Playbook 3) The Path Towards Onchain IPOs

The future of IPOs are onchain

The superpower of crypto is creating assets and markets. The experiments over the next several years will bring more assets onchain and create new types of markets. Doppler has provided the infrastructure for market experimentation. Ohara and apps. Zora and content. Paragraph and ideas. Not every market or new asset will have staying power or find PMF, but I welcome the experimentation. More assets, more markets.

Based on anecdotal conversations, many teams are trying to revive their token by using revenue to do buybacks/dividends In and of itself, this won't do much. At the end of the day, investors want to see organic revenue growth/traction more than just value giveback