.@bondifinance is the first platform offering genuine single-name corporate bonds onchain. We built the first. Thank you for your attention to this matter.

.@aave v4 app times out before you can approve spending of the borrowed token on your multisig, and doesn't recognize the approved amount when you refresh the browser Using DeFi, multisigs, and cold wallets is like chewing glass. It's not a surprise people get exploited all the time

Germany's debt-to-GDP ratio is 62.8%, France's is 119%. That's why you're paying higher interest rates.

Why should I use Securitize instead of a broker like IBKR?

More investment-grade bonds are now available on Bondi

Nothing puts one in a flow state like racing does

Bondi is becoming: -Less custodial -More compliant -More composable -Easier to use Asset managers will be able to build their bond portfolios directly onchain, instead of tokenizing an offchain strategy

These accounts will recycle Argentine Peso and Turkish Lira hitting a new all-time low every few weeks as if it’s news It’s like saying 2026 has surpassed 2025 as the latest year on record over and over again

Securities laws were written for an era when investors had to trust issuers and intermediaries to behave as promised Token behavior can be programmed and executed deterministically and independently verified onchain Applying rules designed for opaque, human-operated systems to programmable tokens was anachronistic Very welcome news

Idea: boys trip to Caracas to bid on some Venezuelan microcaps

The political economy of fixing the deficit is a deeper problem than the deficit itself The US deficit is structural, and the real long-term drivers are Social Security, Medicare and healthcare costs, plus a compounding interest expense. An aging population makes the first two structurally larger, while interest increasingly consumes the federal budget on its own So the debt gets larger while the politically easiest things to cut get smaller relative to the things that are hardest to touch, because social security and medicare are politically radioactive to cut And this connects to something Thiel himself wrote: people burdened by student debt and priced out of housing can end up with no stake in the current capitalist system, and therefore eventually turn against it The top 10% now owns roughly 69% of US household wealth. So if socialist levels of taxes, lower future benefits or slower public spending are utilized to lower the fiscal deficit, while ownership of appreciating capital remains extremely concentrated, the problem can turn into a legitimacy problem for the current financial capitalist system Taxing the billionaires doesn't solve the problem either. Billionaire wealth is usually concentrated in financial assets, but the federal deficit is an annual flow. Even enormous taxes on the very rich don't permanently close a structural deficit of this size I believe a combination of higher taxes and lower benefits is inevitable in the medium term. However, there is one way of improving the problem without relying completely on this combination: Growth A counterpoint is that the congressional budget office already assumes a modest productivity dividend from AI, yet still projects federal debt rising dramatically over the coming decade So for growth to materially change the fiscal trajectory, the AI productivity boom would probably have to be substantially larger than the baseline assumes This creates a paradox: What if AI succeeds spectacularly at solving the growth problem, but the gains accrue overwhelmingly to the owners of AI capital? You could end up improving the fiscal deficit while making the other problem Thiel warned about worse: a much richer country in which an increasing share of people feel they have no meaningful ownership stake in the system producing that wealth For most of human history, the economic problem was scarcity. AI is bringing us closer than ever to escaping that constraint through enormous productivity growth But at this point I think it's safe to say that abundance doesn't necessarily imply broad prosperity So perhaps the defining question of the next few decades is whether we can create abundance without creating techno-feudalism, rather than if we can leverage AI to create abundance

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Would you rather rely on self-reported NAV or observable transaction prices when credit is collateral?

It's always a joy to chat with the Nysa team. Join the space to learn all about Bondi this Wednesday!