Aidan
@aidan0x
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founder https://t.co/Ul2xIPAmWI, @stride_zone
NYC
Joined February 2010
Stride's not winding down. We did a big token burn (team burned 90% of tokens, association + investors 100% for the most part). But we built Stride to be decentralized. We can't just "turn it off". Stride has one employee maintaining it full-time, and has $25M TVL and $400k in
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DEX farming marked safe
@serpinxbt @cobie Yes, DEXes never have this problem, because for DEXes, valuable metrics are easy to measure and incentivize. Farming on a DEX is not to create an impression of usage, it's to actually improve the product by bootstrapping a liquidity moat. Same thing with lending protocols.
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Excited to discuss 🔥THE BIG BURN 🔥 tomorrow! Join me at 11am ET
Come join us tomorrow at 11am ET to discuss The Big Burn! 🔥 https://t.co/I598bUxyeg
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At the same time, the team can focus on growth by building entirely new things 💪 Stride LSTs would have 1 employee FT + the rest of the team when needed (rare, Stride just works)
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if ~70% of the network burns, anyone betting on Cosmos by burning less than 70% of their STRD would own a greater % of the network, with a bit of upside in the new project
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STRD would be very unique in Cosmos -entrenched and indexed to Cosmos’ growth -community owned, no overhang -real usage and revenue ($30m tvl + $400k ann rev), with buyback and burn -if 70% burns, would result in $1-2m fdv
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I’m feeling optimistic about Stride liquid staking and whatever we build next This is a great path for Stride
1/ Big change at Stride: we’re cleanly separating two bets. STRD is the Cosmos LST token with buyback-and-burn. STRD‑R is a burn‑minted receipt for a future token if we find PMF outside Cosmos. Burn window Oct 15-Dec 4. Founders are burning 90% of their STRD.
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on the whole I’m slightly bearish, from a more bottom up perspective there’s simply a lot of integration work required to migrate legacy systems to AI and it’s delivered pretty narrow productivity gains so far feels like the path to 2T has less resistance than to 8T
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one of the most interesting questions to me is where nvda goes over the next couple years on the one hand there are strong first principles arguments that agi is around the corner (27/28), stock market looks good, rates coming down, policy is great on the other the chart is
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Between bridges in a land grab for spot listings, teams on Hyperliquid TGEing in the next 12 months, and $HYPE hitting ATHs, the fair price is likely more than the rolling 90d avg of ~$40k. Let the Hyperliquid Spot Wars commence
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Unit’s UBTC recently did billions in volume, rivaling top CEXs. Hyperliquid spot is now one of the big boys. As a token deployer you set a % rake of fees. This fee shakes out to 0-10bps. With 10 bps, a listing price of $100k is recouped after just $100M in volume. This is
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For teams, paying $25-50k for a spot listing is much more favorable than giving away 5% of FDV or millions of dollars for a spot listing on a mid/top exchange. For bridges, the economics may be even more interesting
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So, who’s bidding, why, and what are the economics? Mainly bridges (@hyperunit and @HyBridgeHL) and teams looking to TGE.
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The auctions are highly reflexive because the next auction starts at 2x the previous clearing price. If a listing sells for 2000 HYPE, the next auction starts at 4000 HYPE and goes down until someone buys.
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Hyperliquid auctions listing rights for 1 token every 31 hours. All spot listings go through this process - HYPE, USDC, BTC, etc. No exceptions. This is in contrast to the opaque, and sometimes extractive terms offered by CEXs.
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Earlier this year, someone paid $1M to list GOD on Hyperliquid. Recently bids have cleared at just $20k. But a quiet bidding war is starting between bridges and teams looking to TGE, as Hyperliquid spot listings enter price discovery.
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This is insane There are at least 3 stories here - perps volume vs. spot, defi vs. tradfi, power users vs. fish Hyperliquid has the perps defi power users so the volumes are nuts
⚡️ JUST IN: Hyperliquid recorded $330.8B in trading volume in July, surpassing U.S. brokerage giant Robinhood.
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Comparing cycles is nonsense but just based on ✨vibes✨ I'd say it feels like Feb 2021
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Privacy is the #1 area where crypto is way behind where it clearly needs to be That’s where the next 10x improvements and 0 to 1 moments will be Not scalability
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