Lido DAO proposes a dynamic buyback of up to 70% for $LDO With over $145M in stables and stETH sitting idle, the DAO is looking to return value to holders. These assets generate no revenue. Time to put them to work. The proposal: • 70% of NEW incoming assets → $LDO buybacks • 30% retained for ops & strategy Why like this? To ensure the DAO doesn't run out of development money. There are some 'safeguard thresholds' the DAO should not cross. - If Treasury sits between $50M and $85M, buybacks drop to 50%. - If the liquid treasury falls below $50M, buybacks stop. Great to see a DeFi giant being serious about longterm token value. Still needs to be discussed and voted by the DAO. ---- Current treasury assets: • $17M USDC • $11.9M USDT • $12.2M DAI • 28,640 stETH (~$105M) I hope to support the proposal as an Lido DAO delegate. If you hold LDO, consider delegating to me: 0x3DDC7d25c7a1dc381443e491Bbf1Caa8928A05B0

If you’re exploring DeFi on @FlareNetworks, @luminite_wallet is the new native wallet to get started: - Instant, seedless onboarding (biometrics, passkeys, email) via Turnkey - Built-in fiat on-ramps to buy FLR, XRP, and more in a few clicks A one-stop DeFi access: - Delegate FLR to FTSO - Mint FXRP to dive into XRPFi - Swap & bridge assets - Liquid stake FLR to earn sFLR - Learn & Earn program with Revolut coming soon This app is a simple gateway for XRP holders and newcomers to Flare.

Avax is making waves in Q2. Transactions hit 19M/day (+450%). Daily users peaked at 2M. The most popular DeFi products on @avax to explore: - Lending: @aave @eulerfinance @SiloFinance - Liquid staking: @BenqiFinance @hypha_sh (formerly GoGoPool) - DEXs: @LFJ_gg @BlackholeDex @PharaohExchange - RWA: BlackRock BUILD, @FTDA_US, @opentrade_io - Yield aggregator: @yieldyak_ @spectra_finance - CDP: @avantprotocol - Perp DEX: @GMX_IO - SocialFi app: @TheArenaApp

The White House just released its full strategy on digital assets, a major roadmap for how the US plans to stay ahead in global finance. It’s a whole-of-government shift covering blockchains, stablecoins, BTC reserve, and crypto tax. Here’s your short breakdown 🧠🧵

Digital Asset Treasuries imploding could be the biggest risk in the new crypto bear market. So I need good dashboards to track this daily. @Delphi_Digital launched a new Digital Asset Treasury Dashboard. All DATs trade at a premium ranging from 1.1x to 2.9x over their Net Asset Value. Metaplanet highest at 2.9x NAV. It would be great to see this dashboard actively updated with all DATs for altcoins as well.

Total DeFi TVL has reached a new all-time high at $330.34 billion. Ethereum is the top 1 chain with $242.22b in DeFi TVL. Yet $ETH still trades below its 2021 peak. The market’s grown, matured, and multiplied, and $ETH hasn't even caught up. Imagine the wave when it does.

Before crypto, I couldn't comprehend the magnitude of large numbers. In my mid-20s: $1.8B market cap token? Is that a lot?" Compared to what? My anchor numbers I 'understood' were $5 meal, $300 rent, $1 ice cream. $1M felt like infinite wealth. $100M+? Just "crazy lots of money." And $500m? A billion? 10 billion? A WHOLE TRILLION? Our brains suck at magnitudes beyond lived experience. I had no scale to anchor it. The picture below visualizes the magnitude. Now, the MC of $DOGE is $36B. What does this number mean to you? In comparison, the GDP of Iceland is $31B. El Salvador - $34B. GDP measures annual output, market cap is speculative value. Imperfect comparison, but shocking for scale. Ralph Lauren clothing company MC is $18B, and Ford is $45b, 'just' $9B more than $DOGE. Putting a meme coin beside Ford feels... absurd? Well, #BTC market cap $2.3 trillion is the same size of GDP as Italy, and larger than Canada, Brazil, or Russia. Bitcoin overtook Alphabet (Google), Meta, and Silver! Now, I see everything through crypto MC: Norway's $2T wealth fund ~= Bitcoin's market cap. Is BTC overvalued, or is Norway just insanely rich? UK raised £12.1B in CGT? That's the market cap of $HYPE - a token with just a few tens of thousands of holders. --- Anyway, crypto industry is well aware of this Scope Insensitivity or large number numbness: You'll see retail degens dreaming of $XRP hitting $10. At $10 USD, $XRP FDV would hit $1 trillion (half the BTC) but they think BTC at $120 000 USD is 'expensive'. Many don't even know you can buy a fraction of BTC. That's why bitcoiners push to price BTC in sats. Seeing BTC at $120 000 feels 'expensive' yet seeing it at $0.12M on a Bloomberg terminal shows growth potential. --- By any traditional measures, crypto looks expensive. Adjusting for liquidity (cashing out $36B DOGE) shows our huge paper wealth. The comparisons force perspective. And I see numbers trough crypto market caps. Anyway, GM, and have a nice Sunday.

Credit-Based → Uncollateralized Loans Coming to Fluid Fluid will borrow $5M USDC/USDT and deposit it into a new DEX built on Fluid. The new DEX Lite will capture MEV that Fluid DEX couldn't, generating additional fees accelerating the path to $10M annual revenue for $FLUID buybacks. It's just a start: The DAO could vote to issue more credit to reputable institutions, MMs, etc., which will boost lending yields to depositors. In this DEX case, if the protocol takes any losses, the team will cover them from its own funds. Bullish.

Buying on Binance on Day 1 will get you rekt. All the latest 10 tokens listed on Binance at TGE are down. Listing on Binance can still be a win for teams because a Binance spot listing at TGE might lead in a higher market cap versus having no Binance listing at TGE.

I treat my follow list like a portfolio. Accounts that I believe will keep compounding in value over time ↓ • @ahboyash • @green_but_red • @arndxt_xo • @atoms_res • @CryptoGirlNova • @Defi_Warhol • @waleswoosh • @DOLAK1NG • @TheDeFiKenshin • @Tanaka_L2 • @info_insightful • @sjdedic • @FourPillarsFP • @blocmatesdotcom • @riley_gmi • @0xLouisT • @damskotrades • @DefiIgnas • @DeFiMinty • @the_smart_ape Who else is on your list?