The build continue unabated. Check out the July development progress report 👇

One of the best looking charts The ultimate USD1 play trading at sub 100m with WLFI around the corner higher $BLOCK

.@ethena_labs kicked off a new era for what I think is going to be one of the continued largest and fastest growing segments of crypto native businesses. I’m still tinkering with the best way to articulate this segment…yieldcoins, onchain asset management…don’t love any of them yet, but the product is primarily YIELD Ethena did several things incredibly well: - bring yield onchain in a yield starved era - opening up access to a popular, profitable TradFi strategy in a crypto-driven manner (BTC/ETH basis) - superior form and function. The $1 denomination was key, instead of doing it on a NAV/PPS basis like typical funds - risk management + building trust Think there is a tremendous opportunity to build hundreds of product strategies here and at least a dozen very valuable businesses. TAM in 10-15 years is probably $500B-$1T at least. Most traditional asset managers will struggle with this (even the crypto friendly ones) because: - unfamiliarity with DeFi/crypto market structure - compliance risk/reward @maplefinance is another great firm I put in this category. @upshift_fi and @MidasRWA also come to mind.

Bring it on $PROVE

Think ZKPs will be as big as mining and staking (billion dollar industry). There is a reason why most ETH devs are pushing this narrative. - $PROVE is the only token that essentially captures the ZKP narrative - Monopoly: ZKPs generate revenue and there is no token that captures it outside of $PROVE - Zksync / Starknet are silo’d: if a ZK rollup succeeds, so does $PROVE A potential play for the upcoming cycle when ethereum goes to 10k

Tomorrow.