nitesh Profile
nitesh

@yungtesh

Followers
1K
Following
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Statuses
680

cofounder @strobelabs // market maker for long tail personalities // vibes sometimes i guess

Manhattan, NY
Joined March 2021
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@yungtesh
nitesh
6 months
1) Good morning and happy holidays to everyone except the financial nihilists!!. Excited to announce something we've been working on at Strobe.
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@yungtesh
nitesh
26 days
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.
@realEstateTrent
StripMallGuy
26 days
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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@yungtesh
nitesh
3 months
I had no idea funds were doing basis trade at 50 to 100x leverage. Makes all the pendle stablecoin stuff feel conservative
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@yungtesh
nitesh
4 months
oh you are trying to aggregate liquidity? i’m trying to fragment it. each market should live or die by its merits.
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@yungtesh
nitesh
5 months
"no contagion from memecoins" is such a strange take. memecoins are social contagion -- just with even less transparency than leverage loops.
@aeyakovenko
toly 🇺🇸
5 months
@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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@yungtesh
nitesh
5 months
Beyond [Computer] and [Casino]: Prelude to a Philosophy of the Future.
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@yungtesh
nitesh
5 months
ok fine i’m trying the new thing, hopefully this isn’t another bitclout or friendtech. UX is cool so far, smooth onboarding
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@yungtesh
nitesh
6 months
Haven't yet looked too closely at the USUAL drama, but I still think stablecoins could be called debtcoins or creditcoins. Whether you deposit into a vault or an account at a web2 startup, you are receiving credit from an issuer. Credits are valued by a secondary market.
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@yungtesh
nitesh
6 months
there is no tweet thread i love you <3.
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@yungtesh
nitesh
7 months
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.
@DefiIgnas
Ignas | DeFi
7 months
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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@yungtesh
nitesh
7 months
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.
@iamDCinvestor
DCinvestor
7 months
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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@yungtesh
nitesh
7 months
Hyperliquid might be both the biggest and most fair airdrop in history. I have no exposure, but all the people I know who used it took real risks using the early platform and have been generously rewarded for it.
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@yungtesh
nitesh
7 months
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 😏.
@gregisenberg
GREG ISENBERG
7 months
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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@yungtesh
nitesh
8 months
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.
@BasedBeffJezos
Beff – e/acc
8 months
Memecoins are the financialization of memetic selection, a direct coupling between capital and memes in the techno-capital-memetic machine.
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@yungtesh
nitesh
8 months
Bezos: your margin is my opportunity . HLP vault: your margin is my opportunity. LRTs: your margin is my opportunity.
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@yungtesh
nitesh
8 months
stripe's mission is to increase the gdp of the internet. ethereums north star should be to increase the gdp of the internet-native economy.
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@yungtesh
nitesh
8 months
if you produce interesting metrics or data, it is your civic duty to launch a perp market.
@arkham
Arkham
8 months
ANNOUNCING THE ARKHAM PERPETUALS EXCHANGE
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@yungtesh
nitesh
8 months
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.
@wintermute_t
Wintermute
8 months
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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@yungtesh
nitesh
8 months
easy alpha is just taking something that is scammy and doing it safer and better, because the concept is still real.
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@yungtesh
nitesh
8 months
"Apps" don't live on L2s or L1s; tokens and escrow accounts do. apps mostly live on private servers managed by a team.
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