can you share the report or the link plz mi familia

Sky is now an hedge fund pod shop with several pods (Primes) which will launch their own tokens. Might end up being a worthless vaporwave but it's the only way to try to scale something (decentralized stablecoins) almost impossible to scale otherwise

pravi Uskrs je za nedelju dana

Two folks out in Balyasny + this post…correlation is not causation(?)

“The world belongs to the obsessed” (soprattutto quelli con un cognome strano)

banger

contrarian view: fixed maturity loans would be a game changer few

The problem with independent ratings is: - challenger rating agencies like Credora or Particula need to make money and are overindulgent in ratings - S&P/Moody's are on the other end: limited upside in rating DeFi but huge reputational risk if they fuck up

Yeah but you would need two separate tokens (one that you can only lend and not use as collateral, Euler does that IIRC) to avoid rehypothecation of the already pledged one. Also, there is no 2ndary market and you can redeem only if utilization allows that

They can’t be sold or redeemed at will, how can they be marketed as stablecoins?

Ser there is literally only a couple hundred bucks of liquidity...not even at Christmas bingo stakes are that low

Please help me make it make sense: how on Earth can you spend $164m in 12 months? It can't be all for the "rebrand"

Explain this then

I'm saying it's disingenous to claim that "prediction markets are frontrunning Wall Street". It is much more lilely that Wall Street itself is trading on prediction markets to monetize what they know. Nothing to see here, 99% of tokens out there are moved by insiders.

People read "kindergarten-level arb" I read "insider trading" Markets like this are made for insiders (for better or for worse) Prove me wrong

House edge is already there. Literally every market has the sum of all bet quotes > 1. Unlike casinos, the edge is captured by MMs, not Polymarket.

Rating agencies do not have neither the knowledge not the interest in learning how DeFi really works. Market is smol , there are at best 5 ratable protocols. No money to be made but huge reputational risk if you fuck up. Hence, they overly penalize what they don’t understand.

you gotta multiply those weights by 8% cuz they are calibrated on banking regulatory requirements (min 8% as per Basel rules). So 1250% x 8% = 100% capital to set aside to cover USDE exposure

75% x 8% is 6% reserve for crypto-backed loans. This is extremely low so either S&P considers that such loans are already overcollateralized or there is no reason to justify such a low value

From a rating standpoint, the ability to invest reserves without incurring in losses is a crucial element to evaluate stablecoins. If you are delegating buying and selling Treasuries to two nerds in a garage, the money you save will eventually come back to bite you.