Web3 never stops being funny. People will FOMO into absolute garbage after a 20x because the chart is green… …then get scared to buy the dip on a project trying to build an entirely new financial ecosystem around trillions of dollars of assets coming onchain. That's why I'm still focused on $HEDGE. The initial hype is gone. Good. Now we get to see what Hedgehood actually builds. And while everyone watches the chart: → Hedgefun launched - autonomous onchain funds built around tokenized stocks → Options are now released with a seriously clean dedicated interface → Buyback + burn is operating transparently onchain with transactions/data tracked → ~5.5% of supply has already been burned according to the project's current stats → V2 is already being teased The bigger thesis hasn't changed. RWA tokenization is only step one. If stocks, ETFs, treasuries and eventually other traditional assets move onchain, somebody has to build the financial system around them. Lending. Borrowing. Options. Liquidity. Yield. Automated strategies. Permissionless funds. That's RWAFi. And Hedgehood is trying to position itself directly at that intersection. What makes Hedgefun especially interesting to me is that it takes the thesis one step further: - Don't just tokenize an asset. Make the asset programmable. - Give it a strategy. Let an onchain treasury buy dips and take profits. Turn realized profits into buybacks/burns. - Let anyone create different mandates around different tokenized stocks. - Suddenly you're not talking about another RWA dashboard. You're talking about a potential financial experimentation layer for onchain TradFi. Will Hedgehood become that? Nobody knows. But that's precisely why I'm watching what gets built rather than obsessing over short-term PA. The dev has been saying it himself: focus on product, not token PA. And now we're seeing the product stack expand while V2 is being prepared. In a real #RWA bull market, I don't want to discover RWAFi after everybody agrees it's huge. I want to be studying the teams building it before that happens. TradFi → tokenization → RWAs → DeFi → RWAFi. That's still my $HEDGE thesis. Build first. Scale next. (🦔,🦔)