GCASHCAT
Happy new ath in $CASHCAT supply held from RH wallets at 18%
We are now very close to the 20% mark which is arguably the first inflection point to kickoff the critical mass effect.
Generational wealth for those able to endure
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there is a $CASHCAT community member who took it upon himself to airdrop multiple 5 figures of cash cat to cult communities, literally just out of the goodness of his heart
PVE, organic, and good old fashioned crypto communities are so fucking back
and Cash Cat is the vehicle
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spinor retweeted
New ATH on the amount of $CASHCAT supply @RobinhoodApp users hold
151M coins or about 15%
Plus an additional ~2% on Robinhood owned Bitstamp
As impatient CT holders capitulate, Robinhood users accumulate
Deca billions
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it's one of those times whem I'm getting blown up in DMs again
historically that's been a very good signal for DCAing in
quick reminder that up, down, left, right, or fucking in circles, nothing changes behind the scenes; head down, keep it moving mode permanently activated
put the cash in the cat and zoom out. inning zero.
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spinor retweeted
Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined.
Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications.
HyperCore borrowing is an example to highlight this philosophy in action.
Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability.
Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading.
This decomposition has several nice corollaries:
1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity.
2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending.
3. System safety is easier to reason about when perp and borrow/lend margining are independent.
In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.
Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.
Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.
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this is much more interesting than it might appear
what happened here is exemplary of what the space values at this stage of development (that is, infancy -- smart contracts came online just over a decade ago, and blockchains just a bit earlier, which is the blink of an eye on the appropriate timescale for large-scale innovation)
at this stage, crypto-natives disproportionately narrative and marketing over utility
for example, $ZEC has a price target that is effectively infinitely high because it'll never reach that of bitcoin, but private bitcoin is the narrative branded into the psyche of CT natives; but, no one, and i mean NO ONE is using ZEC as a private store of value -- they're buying it on coinbase LMAO
on the other hand, the narrative carrying $HYPE that is branded into the psyche of CT natives is cash flow. From the lens of a CT native that, clearly, doesn't care about utility, that appears to place an upper bound on price largely due to some pseudo-intellectuals on here applying erroneous cash flow models to blockchains
the good news is two-fold:
1) on a long enough timeframe, this irrational imbalance will correct itself because reflexivity due to speculation is bidirectional and the lower bound (just like the upper bound) also has no cap
2) as hyperEVM continues to grow (it takes time), and the network affects become more digestible to CT and less explicitly tethered exclusively to cash flow (please stop this absolute nonsense -- put on a quarter zip and go to wall street if this is what you like to do); then, the correction of the WILDLY undervalued network-based premium of hyperliquid will follow
both zec and hype at ~$50 atm
which one will go higher?
#poll pls RT :0
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right now doge is number one on the RH app by this metric
by the peak of the bull market $CASHCAT will 2x that of doge. Pin that.
right after the RH listing I tried to explain that the listing was the first catalyst, not the last
And for this reason exactly: that every follow-up listing/event will be broadcasted to 20 million users on RH dragging this number spectacularly higher throughout the incoming bull market
chart that caught my eye recently
Token balances for Cashcat on the Robinhood app, users are buying up a large chunk of the supply daily, now up to around 15% of the total supply
this is how a meme gets to hundreds of millions or $1b+, need outside money to pour in
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int higher() {
⠀⠀send the fucking coins
}
higher()
Napkin math on the likely big-picture path forward:
things already priced in: bad macro, saylor selling, legislative stagnation (i.e., roughly constant, not increasing, institutional flows)
I think among the things that could act as a bona fide economic force and really bring down crypto over a meaningful timeframe, the most dramatic is an extended macro contraction
Rate hikes alone don't necessarily indicate that's the case. For example, superposing federal funds rates with btc price will reveal that crypto can do well while rates, in a vacuum, are 'high'
However, if that acts (as historically it has, e.g., dot com bubble) as a catalyst to unwind stretched equities then there are only two possible outcomes: 1) all assets strongly correlated with global liquidity trend down and we finish off the macroeconomic cycle, including BTC falling with global liquidity etc; or, 2) equities unwinding rotates into crypto, in which case micro beats macro and crpyto does well while equities cool (note below that correlations between equities and crypto is oscillatory, suggesting this not only happens, but does so cyclically)
All that to say that the three possible cases are: 1) macro trumps micro and crypto goes down, 2) micro trumps macro and crypto goes up, and 3) macro remains healthy despite rate hikes (which are extraordinarily overstated on CT) and macro + micro support uppity up
Thus, there is a 2/3 chance of complete bullish reversal and 1/3 chance of bearish continuation
We are all betting ppl here, right?
See you higher imo
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you guys couldn't have possibly thought @theunipcs wasn't a walking paid ad lmao... right?
ever wonder why he never shilled cash cat?
cause we never have and never will hand supply to scamfluencers
always assume every one of his posts is motivated by a jaw-dropping bag on side wallets ready to dump all over your head
maybe one day i'll share some stories I have about this monstrosity
eradicate cancers like this from the space
revert to organic
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Find me another community with chads like this
There can only ever be one $CASHCAT
The purest expression of @RobinhoodCrypto culture
I've done this before and I will do this again.
To help support the $CASHCAT LIQUIDITY pools against @loraclexyz and his relentless shorts.
I have decided to add 500 ETH ($1.25 million dollars) of my own funds to strengthen support here.
Together, we will win BIG 🤝
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genuine builders like this are few and far between
when the @OxSimpleFarmer's of the world are laser focused on what actually adds value, rather than some marketing scheme tailored around CT's speculative appetite, you better pay attention, and fast because escape velocity is a question of when, not if
Our long-term goals for StonkBrokers are to establish StockFi infrastructure that extends its use cases and user base well outside of the CT-native onchain group who are most likely reading this tweet.
StonkBrokers has been live for 1 month and 27 days. I KNOW, it feels like an eternity in crypto, but good evidence of long-term, continued growth is founded in protocol use and revenue, so let’s look at the numbers.
So far, our volatility farming product has resulted in 0 IL!
Single-sided stock token staking is something that I can see scaling into bona fide StockFi infrastructure to be used by the broader financial world.
Liquidity sits above the market.
While you wait, you hold 100% of your stock.
Fleet today:
• ~$877K vault TVL on Smart LP
• ~$22.7K lifetime fees in ~8 days on Smart LP
• ~62% TVL-weighted estimated APY
• 61% of volatility farming vaults are pure stock inventory right now
• Top 5 by revenue on Robinhood Chain with $450,000 over the past 48 hours
• TVL is up 107% over the past week
over 60,000 unique participants in the Stonkbrokers eco including special projects.
And to date, no product on Robinhood Chain has disbursed more liquidity back to the users powering the trenches than StonkBrokers, while also onboarding fresh teams and new experiments to the chain itself.
/higher
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good team + good tech + composability + compounding
very cool
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spinor retweeted
The Clarity Act is dead.
Before the post-mortems and the planning sessions begin, a note of thanks.
Many of you worked extremely hard on this bill over the last 18 months. You fought harder than most people will ever know to make sure we had a good product that actually worked for crypto. It required countless hours of research and analysis; endless calls and meetings to build consensus; rewriting the same sections over and over to find common ground; winning points and making concessions one by one in pursuit of an ambitious goal.
Those efforts were a success. The bill did not pass, but neither did you compromise on your principles or the ultimate goal. It would have been easy to strike deal at any point by simply giving up and rolling over, and you were asked to do so every single day for 18 months. You did not. Your strength, courage, and confidence won the day. You should be proud.
Many of us said since the start of this process that no bill is better than a bad bill, and by that metric, today is a victory. The Senate considered a good bill today, not a perfect one but a good one, and turned it down. The raw politics of the United States during an election year meant a good deal was not on the table. That's okay.
Crypto will be fine without the Clarity Act. We are lucky to have two agencies, the SEC and CFTC, with all of the excellent staff and authority they need to do the job. They're ready to be unleashed, and so they shall be. The future of crypto policy is bright.
Thank you all for your hard work. Breathe a sigh of relief, take a break, and get ready for what's next. We've only just gotten started.
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