dd retweeted
Umbra is coming to Robinhood Chain, powered by @NimbusPrivacy
Sign up for early access: v2.umbraprivacy.com/robinhoo…
dd retweeted
There are two aspects I look for in a token:
The first is a product people actually use. The most bullish tokens take a sector that already works like collectibles and rebuild it on crypto rails so the experience is better than what users had before.
The second is a mechanism that turns that use into buying the token, through buybacks from revenue, fees paid to holders, or the token being needed to use the product. That's the outside bid. It comes from the product's users, so it doesn't depend on sentiment.
A good product without it is a good company with a token attached. Buy that token and you're still trading attention, even while the business grows, because none of the growth reaches you. Value accrual without a good product is a buyback with nothing behind it.
More and more teams are realizing that putting their token first is +EV for the business instead of just extracting from it.
The visual shows the difference. Same product, same sentiment. Only one token has an outside bid that compounds every cycle. This excludes token movements but if both come together it create a highly reflexive token.
Few tokens tick both boxes today. I think that in the future, tokens without value accrual won't catch a bid again.
dd retweeted
hey, i’m sorry this happened but you are absolutely in the wrong here
if you paid $3,200 for an NFT, it’s your investment & it’s totally your job to read the docs & participate in the process
calling @standard_rsv a rug because you didn’t do due diligence on this part is a shitty attitude, that’s your loss
you say you’re on the website 24/7 but you never
- deposited any $standard ($1 counts)
- saw the big ass checkin button even once?
- read multiple updates from beans on the burn?
- slightly attempted to listen to the last ama?
plus, how was the website down for 48 hours when i’ve logged in every single day? it literally takes <10 seconds.
& just be truthful, this isn’t a case of “bad communication” or “a rug”
(i’d rather u just admit that u were inactive without trying to sound aggressive)
pushing the narrative that “abstract devs are ruggers” won’t get your 8000 $standard back.
sure, it’s a banking ponzi but systems operate differently & this was a rule from day 1.
to everyone else who had their charters burned, sorry it happened but game is game.
address it like it is.
Woke up to see -$2,400 in my account.
I paid 1.25 ETH ($3,200) for an @standard_rsv NFT through the auction. Just yesterday, I had over 8,000 $STANDARD.
Then, without any warning, they burned my NFT and gave me back only a small portion of what I had.
Their reason? "They burned inactive charters."
I'm literally on the website 24/7 because I never close the tab, and I check it daily.
No on-chain activity? That's because expanding branches is ridiculously expensive. The last time I checked, it would have cost around $2,000 just to expand.
And yes, I know about Dormant Bankers. I was actually planning to do something about it, but your website was down for 48 hours and has been flagged as "unsafe" since the update.
I bought my NFT through the auction, NOT the whitelist mint. I paid FULL PRICE for it, and you just burned it without any warning?
This can't be serious. @0xbeans
Y'all seriously need to improve how you communicate with your community. People have invested real money into this project, and decisions like this shouldn't come out of nowhere.
dd retweeted
on standard's launchpad you can airdrop tokens directly to charter holders
what makes this interesting is that tokens are locked behind branches and have the same exit mechanic as STANDARD, holders have to burn their branches to get the tokens out
additionally, these are people who have long term alignment to projects and are willing to put real capital behind their convictions
token deployers, think about it..
dd retweeted
Robinhood Chain just hit $100B in cumulative DEX volume.
A massive milestone for onchain trading and for the Robinhood Chain ecosystem.
Thank you to everyone building and trading with us.
ROBINHOOD CHAIN IS DEAD
Is the take I keep seeing all over my timeline right now, and I honestly think it’s a stupid one.
Outside of the OGs like Solana, BNB and Ethereum, we haven’t had a new chain break out and capture this much attention since Base, and four months in, Robinhood Chain is already the third-biggest chain by DEX volume over the past month, behind only Solana and Ethereum.
Robinhood Chain’s best week was about four times bigger than anything Base did in its first eight months, back when Base was actually doing well, and it got back above its launch high around five months sooner than Base did.
New chains move a lot like coins do at launch, where the early attention sends them up and then they pull back to retest the level they broke out from. That retest is exactly where Robinhood Chain’s volume is sitting right now, and it’s the same level Base’s biggest run started from.
Trading has slowed down since September, but TVL has kept climbing and just hit a new all-time high this week, which means the capital is sticking around even though the hype has cooled off a bit.
If you’re lumping Robinhood Chain in with every other new L2, you’re missing the biggest thing it has going for it, which is a stock brokerage with close to 29 million users, and less than 1% of them are onchain on any given day. With free swaps running until the end of the year and 24/7 stock token trading on the way, that’s a lot of runway for a chain that’s only four months old.
CT is an echo chamber. Once takes like “it’s dead” and “Base 2.0” get a bit of engagement, you start seeing them everywhere, to the point where they feel like the consensus, but the data doesn’t support that narrative.
Ultimately it comes down to what Vlad and the team do from here. He just did an AMA going over his plans for the chain and asking people what they want to see, and there’s talk of a lot more support coming from Robinhood. This is a company that built one of the biggest retail brokerages in the US, and I can’t see them settling for less in crypto.
dd retweeted
I think that $STANDARD will be a pivotal part of the next Robinhood chain wave
dd retweeted
Four weeks of consolidation
Fattest liquidity base
High-quality, defi-native holders
Reduced inflation
Non-dilutive staking
Release of a unique launchpad and initial Stock Token liquidity pilot in two days
It's now or never for $STANDARD
Two weeks of consolidation
Fattest liquidity base
High-quality, defi-native holders
Non-dilutive staking mechanism incoming
Launch of a collective banking pool, enabling smaller wallets to participate
It's now or never for $STANDARD
The ticker is robinhood:0x88ad8ddf1e3898412146a534538d418c6f8a9062
Standard's launchpad and stock pools go live on the 14th October.
So far the market has valued Standard as a protocol that lives off trading in its own token. From Wednesday it starts earning from the stock and meme flow across all of Robinhood Chain.
It owns both the launchpad and the stock liquidity every launch trades against, so the fees from all that volume go straight back into the reserve.
Most launchpads only own one piece of that stack and still get priced in the hundreds of millions for it. Standard now owns the whole thing, and it's sitting at a fraction of that.
dd retweeted
There is a major inefficiency in the active crypto market right now. Let me explain.
There are different types of traders.
Most crypto OG's like myself are value traders. We find mispriced assets based on the projects fundamentals and potentital, bid them, and sell them when others realize the value.
"Trenchers" or "Attention traders" are focused on low-value narratives, holder counts, deployer track records, weird conspiracies about the dev sharing a bunk with Vitalik in Estonia while at basket weaving camp, etc.
These people make most of their money pretending something is not a scam, so they can make money in the gap: between people not knowing it is a scam, and people realizing that it is a scam.
This fairly normal. But the ratio is not. And it does not stay this way.
Currently, onchain value traders are the minority. Most of us are holding 80% majors going into this cycle. We understand that onchain season does not truly begin until after majors have a moment. Which they seem to be right now. These are the people with the majority of the liquidity in this space. Nobody with real money is bidding shitcoins on right now.
Currently, most of the active liquidity is Trenchers and Attention traders. This is why we see such dramatic Pump and Dumps as liquidity flows from narrative to narrative, uncertain what is happening because no serious traders have started participating. (Traders with hold times above 24 hours).
This environment prevents most anything from holding or running to new highs (i know there are exceptions) simply because of the mechanics.
This is not complex.
Majors move first. Over 70% of crypto liquidity is held in L1 tokens with no smart contracts. Not even on the chains we use. You guys are trading against literal ghosts and demons.
The real show starts when that real money starts moving to smart contract chains like @base, @solana, etc. Good luck.
dd retweeted
my quantum btc looking good quantus:native
dashboard telling me that coins bridged over to near after launch have leveled off (ie any kind of miner sell pressure)
while supply very much remaining absorbed by holders (near intents supply staying high - ie in near.com wallets - while coins on offer side in LPs remains down)
Institutional capital is coming to Robinhood Chain and it’s going to need liquidity.
If you’ve been paying attention, you already know who’s positioned to be that liquidity.
We’re exploring a Stock Token linked to an actively managed ETF on Robinhood Chain, alongside @TRowePrice_DA, one of the world’s largest asset managers with $1.9T AUM. If successful, it would be the first Stock Token of its kind.
Institutions are here, and our rails are ready.
dd retweeted
Probably the most interesting thing they have posted in a long time.
Think there is an interesting angle here, liquidity is a moat.
We’re exploring a Stock Token linked to an actively managed ETF on Robinhood Chain, alongside @TRowePrice_DA, one of the world’s largest asset managers with $1.9T AUM. If successful, it would be the first Stock Token of its kind.
Institutions are here, and our rails are ready.
