I've put my business on @ether_fi Cash rails. So far, it honestly feels like financial magic. Using yield bearing collateral to fund real world expenses. I wrote all about my experience in the post below 👇

What If Hyperliquid Launches Options? Well, what if Hyperliquid does options? People are now starting to do that with literally everything. “What if Hyperliquid does this? Who are they going to eat next?” I'm wondering if Derive is in any jeopardy of being under threat with that massive juggernaut of Hyperliquid stepping into the options market more intentionally. Yeah. I swear, every post I make that's bull-posting Derive, I get someone asking, “What if Hyperliquid puts out options?” or “What if Lighter puts out options?” I will say, to preface all that, I'm more scared of Lighter than I am of Hyperliquid at the moment. I'll get into that. Hyperliquid's infrastructure is not really super well suited to putting out options, and that ends up being a very technical answer that we could get extremely deep into. But when you're listing an options market, you're having dozens of different strikes, dozens of different expiries at once. You have a Bitcoin perp—there's a Bitcoin perp. There's one market, there's one order book. It's incredibly easy. When you have a Bitcoin order book for options, you have 17 different strikes and 12 different expiries that have to have different order books themselves. It is incredibly different. A counterpoint I would bring up to a lot of people is that Deribit has lasted as the premier options platform for years among the centralized exchanges, and has [unclear wording about altcoins and perp liquidity]. Why is that? Why did the options-specific platform dominate options for so long when Binance has options, OKX has options, and Bybit has options, but still Deribit is where most options are traded? I think there's a specific set of reasons for that. People are also very hand-wavy about how much of a lead Derive has, but also how much of a moat they have. Sometimes I say these things about Derive having an advantage over Hyperliquid. It's not to disparage the Hyperliquid team, because obviously I think they can practically do anything they set their minds to. It's obviously going to be part of the bear case in the future that, yeah, sure, they'll probably try to do this down the road. But Derive has built out a system that probably takes months, if not potentially over a year, for a Lighter or a Hyperliquid to try to build. They've integrated with tons of market makers that have to go through different hoops to get onto them in a way that actually works. They've built out this distribution where they have 95% market share. Look at when Lighter listed RWA perps. They had [asset name unclear in transcript] listed before Hyperliquid. They had SpaceX listed before Hyperliquid, and nobody traded it. It was doing hundreds of thousands of dollars of average daily volume. It's not just enough for these places to list these things. They have to solve a lot of inherent problems in options markets themselves. They have to educate users on how to properly use them. They have to get the distribution for them. They have to build out a better UI/UX than Derive currently has. I think there's a lot for Derive to still work on, but there is so much for them to play catch-up on. It is a monumental task for them to really easily catch up on that. ft. @koolkrypto223 @DeFi_Dad @Nomaticcap

Tokenized NVIDIA is creating an arbitrage trade across onchain and traditional markets. I think this cycle, everyone became a cycle expert, and everyone was waiting for October. If you go to TikTok, there are some [unclear] who are telling you, “Don't buy. Wait for October.” Everyone had been expecting a black swan, and it was something along the lines of MicroStrategy has to fail before the bull run can commence. I think, given all these things, maybe people are getting caught off guard, offside. Similar situation as what we have seen in the last cycle was like Pepe or Unibot kind of phase. I think we are starting to see that on Robinhood. Some people call that financial jackass, but it is what it is. There's been a lot of traction there. I think we have a good future. As you mentioned, financial jackass referring to all of the mania and trading activity recently on Robinhood chain. I'm thinking of two mobile apps, one which is catering to that activity on Robinhood chain, which is FOMO. And then there's a markets app which is more focused on Hyperliquid, perps and swaps. Anyways, they're both really easy applications to use. I'm not endorsing that folks get on there and go gamble away on meme coins. But what I see there is opportunity for Axis Prime. Just before we end, I'm curious: when you look at a business like that, FOMO, for example, I think gives you seven-plus wallets. And I'm hearing lots of complaints about slippage and fees and all sorts of different issues as people are trying to trade that mania. Is that opportunity then for Axis Prime? Yeah, a hundred percent. Axis, in general, with the [unclear] capital, we are using it to trade arbitrage strategies. And we go beyond just crypto. Obviously, we have the most basic basis strategy on maybe the top 100 prominent coins, but also we are putting on basis on equities as well. We have the tokenized NVIDIA stock. We also have NVIDIA perpetual. These spot legs are fungible, like I mentioned earlier on. Those inventories can be utilized for atomic arbitrage strategies where the profit is instantaneously realized, as opposed to relying on an expiry date or price [unclear] to happen. We are expanding to Robinhood, Solana, Canton, Base. There's many different formats of tokenized assets that's popping these days. For whatever reasons, there's a lot of dislocation in prices between the real world and onchain prices, as well as CEXs. Right now, we are seeing this traction and hype happening in a very unexpected manner. But whatever the case is, there's a lot of flow demand, flow opportunity for us to capture in both the onchain world and also the offchain space. ft. @bidorder @DeFi_Dad @Nomaticcap

"Gun to my head, I would say we've bottomed." @AxisFDN CEO @bidorder, a veteran crypto trader who's been generating yield since 2018, on whether the bull run has begun. More in a new episode of DeFi Frontier on The @Edge_Pod.

It really is wild how much @ethena impacts all of DeFi 👇

RT @DeFi_Dad: Agreed 🤝 ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 Every neobank builds on someone else's stablecoin. But @Ethena…

Hey does $SKY have a DAT yet? Or $SPK ?

🎯 AI investors merely adopted regulatory uncertainty...

How does @AxisFDN aggregate capital to fund its crypto arb strategies? USDx is the synthetic asset for liquidity provisioning, and you stake USDx as sUSDX to earn yield. Axis Prime's trading strats earn yield, which flows to ogUSDx holders (8% APY) and sUSDx holders (18% APY).

FYI, if you enter the referral code EDGE when connecting your wallet on the @AxisFDN app, you get a 25% bonus on all points you earn thereafter, as @Nomaticcap and I asked all bonus be shared with users: app.axis.to/earn

Incredible levels of detail here.

Axis CEO @bidorder sat down with @DeFi_Dad on @Edge_Pod to break down the Axis asset suite and how USDx and sUSDx directly facilitate Axis Prime and global liquidity provisioning. Tune in ⬇️

🎙️ New @Edge_Pod 🏰 Building Citadel Securities For The Tokenized Era | DeFi Frontier 0:00 - Intro 1:33 - From commodities to crypto arbitrage 5:37 - What is Axis Prime? 6:30 - Why crypto businesses need Axis Prime? 8:39 - Balance sheet as a service 10:18 - Betting on stablecoin adoption 13:40 - Serving fiat x crypto conversions 16:14 - First six-figure OTC trade for a CEX 17:25 - Prime works with Origin Vault + sUSDx 19:36 - USDx, sUSDx, and the Origin Vault 21:07 - Axis yields over last 30 days 22:55 - Where does sUSDx yield come from? 23:52 - Onchain cap formation, serving businesses 24:47 - The challenge with trust + transparency 26:34 - How you earn the trust of DeFi lenders 29:32 - Has the market bottomed? 31:08 - Yield to earn from Robinhood mania 34:04 - Closing 🙏 Thanks to @AxisFDN CoFounder & CEO @bidorder for joining us!

New DeFi Frontier on The @Edge_Pod! @AxisFDN is building the liquidity layer behind neobanks, fintechs, brokerages, and digital asset busineses. Think Citadel Securities, but for the tokenized era. Full breakdown of Axis Prime and sUSDX with Axis CoFounder & CEO @bidorder.

tldr why options are sticky

Btw @touch_market is very cool. I've seen a demo 👀

THE CITADEL. HIGH STAKES GUNSHIP BROWSER MMO Closed beta starts this weekend. Claim your spot now thecitadel.com

Been waiting like 3+ years for this (maybe more?)

The @kpk_io are another long running sponsor of @edge_pod and I consistently hear builders and users sing their praises 👏

This week I decided to take a first pass look at: $NOCK $PRL $ORBIO I figured us plumber uncs shouldn't be totally left behind. Here's what I learned 👇 the-edge.xyz/p/what-are-pear…

Gearbox is back!