imagine thinking a slow and expensive mysql database should have a market cap of 300bn (or 80bn)
there is no future world where apps will let outsized value accrue to what is a commodity at this point (the l1)
the fair px for this tech is atleast an order of magnitude lower
everyone in this sebi vs jane st debate is assuming that indian gov is operating in good faith
indian mkts notoriously hard to enter as a foreign firm bc gov knows where profits will accrue
non zero chance that the only rule jane broke was the "dont make too much money" one
depositing btc into aave and borrowing usdt at 3% to buy paxg seems pretty compelling
aave stable rates much better than prime and gold low enough vol and nicely uncorrelated
@choffstein ahhhh im return stacking