
nitesh
@yungtesh
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cofounder @strobelabs // market maker for long tail personalities // vibes sometimes i guess
Manhattan, NY
Joined March 2021
So many comments yet none seem to discuss the working capital benefits for the venue. my assumption is that:.- scalpers take inventory risk.- scalpers enable someone to get money earlier.
Hearing that a lot of young finance folks in NYC are spending their free time buying tickets on Ticketmaster and flipping them as a side hustle. Some are making real money -- apparently there’s a lot of buzz around it.
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"no contagion from memecoins" is such a strange take. memecoins are social contagion -- just with even less transparency than leverage loops.
@newmichwill @samczsun DeFi summer was way worse - leverage loops that created a nasty house of cards. There is virtually no contagion from memecoins.
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Ceasing operations is funny when they hardcode oracle prices for stables to 1. But I also agree that changing the risk profile of bridged assets without user permission is not a great move.
Aave DAO discusses ceasing operations on Polygon. Reason: Polygon's proposal to use its $1B stablecoin reserves held in the bridge to farm in DeFi protocols like Morpho and Yearn. If @lemiscate proposal passes, LTV will set to 0% (basically shutting operations), freeze multiple
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agree with this--and disagree with everyone claiming undercollateralized lending will be a similar shift. you can already choose collateral with any liquidity profile assuming a lender is willing to accept it. this already enables any kind of leverage. more innovation will.
onchain lending is THE killer blockchain app. it is literally THE most important development in finance since the invention of central banking in the 1600s/1700s and maybe derivatives in the 1970s/1980s. it is THAT big of a deal. most people just don't realize it yet.
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Why not let communities own these agents instead?. Shareholder-driven corporations aren’t the right model for ensuring these new digital workers serve us. yes, "agents" are just Python scripts with a chat UI—but we can still use the hype to rethink capital formation 😏.
if I was betting my career on one thing right now, it would be AI agents. literally a trillion dollar market up for grabs. i'll give you the playbook on how i'd do it without raising VC and making cash flow along the way. we're headed to a world where AI agents replace entire
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If we want a *direct* coupling between capital and memes, we should create information markets that measure popularity of memes. There’s not much memetic selection when early holders can nuke the price by selling coins acquired at low cost basis.
Memecoins are the financialization of memetic selection, a direct coupling between capital and memes in the techno-capital-memetic machine.
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the year is 2030. the market makers run everything now . all they had to do was vertically integrate and own a block builder, an L2, a perp dex, oracle network, stablecoin and restaking network. pretty smooth rise to power when everyone else kept fighting about eth vs solana.
The future of prediction markets is already here –decentralized, accessible, and free from barriers. OutcomeMarket, developed by Wintermute, has been demonstrating this since launch as the first prediction market contract built in a truly permissionless way. We’re excited to see
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