19/ TLDR; perps will become the listing engine for RWAs, outpace tokenizers, and usher in the golden age of the 'perpification of everything'
disagree with me in any comments below :)
very very impressed by what anthropic has pulled off in the last several days
some reflections I shared with our growth team in response...
- this is perhaps the most brilliant example in recent memory of a company in an extremely (the most?) competitive space with recent major
1/ a perp-first real world asset listing strategy will front-run tokenization with a better primitive and make tokenization on most assets effectively obsolete
a thread:
the problem with all the tokenized solutions is they have zero liquidity
you pay roughly 97x more to trade tokenized TSLA xStock on jupiter (eg ~$41k vs. ~$427), for instance, than through synthetic stock perps on @ostium - some examples:
1. TSLAx (Solana)
- the TSLA/USDC
people don't seem to love the uncomfortable truth that tokenized stocks:
- have no liquidity
- are only going to become more fragmented w/ more wrappers
- are a terrible deal for anyone with access to the underlying
however:
- synthetic long/short tradfi "perps" will be the
1/ a perp-first real world asset listing strategy will front-run tokenization with a better primitive and make tokenization on most assets effectively obsolete
a thread:
If you’re under 30 and have never had a period of great humbling or deep lostness, I think one of the best things you can do for yourself is to push yourself until you do
Everyone has limited time in life to build anti-fragility. The longer you wait to experience an event that
I am calling for a Complete and Total Shutdown of depressing music in public spaces. Grocery stores around the nation today are committing daily acts of emotional terrorism on unwitting shoppers