Carpe numeris @AllezLabs 🎲 DeFinitely optimistic 🌞 🇫🇷 🇪🇸 🇬🇧 👻
Metaverse / London / Paris
Joined June 2012
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Who will be the first ipo to airdrop shares to its users? 👀
tokenised shares probs
Armani Ferrante compares the Backpack token to Anthropic airdropping you equity on IPO day, no gimmicks, and explains why Backpack wants to go public
“There's no gimmicks. There's no tricks. The story is very simple.”
“Imagine if, you know, Anthropic airdropped you some equity on IPO day.”
“Just use the product. If you love it, I hope you stay. If you don't love it, then it's not for you.”
“we really care a lot about, you know, regulation and compliance and licensing and being able to serve not just our retail users, but to be able to actually reimagine and rebuild all of Wall Street.”
w/ @armaniferrante @Backpack
Remember, remember the 5th of November...
Already in London Town for DAS and Breakpoint?
Be ready for a fiery day, fireworks and all. One of my favourite British celebrations, Guy Fawkes Night.
If you’re in town, I'm here to chat with allocators or asset issuers, let’s meet.
Alex BertoG 🐮 retweeted
Forever users @ExponentFinance have demanded for the ability to put their PT assets to work.
Today you can.
We are glad to be working with @SteakhouseFi and Kamino to bring this market to our users, to enable more efficient collateral usage!
Introducing the PT-ONyc USDG Market on Kamino.
Curated by @SteakhouseFi, the market enables users to borrow USDG against @ExponentFinance’s PT-ONyc, unlocking liquidity against fixed-maturity positions tied to @onrefinance’s reinsurance yield.
Alex BertoG 🐮 retweeted
"Where does the value go?" has killed most DeFi tokens.
@kamino shows how value should be accrued.
The Kamino Foundation owns the IP and receives all revenue, including from institutional deals.
solana:KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS is the only token, and nobody holds separate equity: not the founders, the investors, the team or the CEO.
That matters.
When insiders keep the equity and the community gets the token, the revenue goes to the company, and token holders get only the narrative.
@WeiszM commits to putting $20M in 2 years to bring Kamino into banks, brokerages and wallets. Most of his own allocation vests only if solana:KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS hits and holds a series of valuation milestones.
So the answer to "what's DeFi's moat when banks tokenize?" may be this.
Banks can tokenize and earn from spread, but they never hand their users the upside.
Tokens accrue value to holders. Banks don't.
What is the moat for DeFi when banks adopt tokenization?
Blockchain decentralization? No, corporate clients want things they can control.
Tokenomics? I guess they don't need airdrops.
Permissionless access? It would never pass a legal team.
Composability? That's also how one hack spreads across 10 protocols in a night.
@StanChart launched tokenized deposits in Hong Kong, which are regulated bank deposits that are onchain, built for corporate treasurers and banks.
Enterprises want faster settlement, programmable money, less counterparty risk, privacy and more importantly, compliance.
But DeFi's pitch has been the same - openness.
So when companies want to move serious funds onchain, I bet most would pick the bank. They'll take the tech and skip the ideology.
Is it time for DeFi to tell a different story for enterprises, not just for degens?
Alex BertoG 🐮 retweeted
Asia spent 30 years exporting goods. The next export is capital markets, and it’s happening on Solana.
“SK Hynix listed on Nasdaq. Same day, it was listed on Solana and distributed to the entire ecosystem. $500M in volume so far. Holder counts above 10,000. There is a global audience for assets in this region. The question is, can you bring them onchain?"
@shadddowfax @sunrise
KMNO holders are the stakeholders.
The Kamino Foundation owns the IP and receives all revenue (onchain + offchain).
Founders, investors, team, and CEO are all aligned on KMNO only.
Everyone’s upside is in the same token. Nothing else. No leakage.
Today, I’m sharing my first letter to the KMNO community as CEO
Since joining @kamino , I’ve been asked a version of the same question by longtime KMNO holders and people getting to know us for the first time. As Kamino grows, where does the value we create go?
It’s a fair question, particularly as we work to bring Kamino into banks, brokerages and wallets, through which our goal is to allow millions of people to earn on their capital or borrow against assets they already own.
The answer starts with how Kamino was built. The Kamino Foundation owns the intellectual property and receives all revenue, including revenue from institutional partnerships. KMNO is the only token. The founders, our investors, the team and I have our upside tied to the same token our community holds. None of us has a separate equity allocation.
What we do with the revenue matters, too. We’re committing at least $20 million over the next two years to expand the assets people can use on Kamino, and bring Kamino's credit and liquidity infrastructure to more of the platforms consumers already use today.
I wrote my first letter to KMNO holders to put those decisions on the record. I also share why I chose to make most of my own KMNO allocation vest only when it reaches and sustains a series of valuation milestones.
One Kamino. One KMNO.
Binance exploiter has been busy all weekend.
Dumped 130+ alts into ~123.4k ETH ($277M) + 1.69M USDC, and is now swapping 970k SOL ($96M) into BTC via Relay.
Non-freezable asset consolidation!
The Binance hacker is swapping the stolen 970,522 $SOL ($95.9M) for $BTC.
In the past hour, the hacker moved 486,970 $SOL ($46.4M) and is now swapping $SOL for $BTC through @RelayProtocol.
arkm.com/explorer/address/Af…
Fixed rates are taking over Kamino, capacity just keeps getting eaten up. You better be ready or not too hungry.
Who will build a fixed rate liquidity deployer that parks liquidity in variable rate, and switches as soon as the new fix rate opens up?
wen do you make time to go through your tg saved messages, or bookmarks
Bot? Or do you actually do it?
Alex BertoG 🐮 retweeted
BREAKING: @Solana becomes the #1 chain by RWA net inflows, attracting over $900 million in the last 30 days.
Biggest hack in history. Zero panic, zero drama. The ecosystem is learning.
Huge props to the stablecoin issuers who froze billions in minutes @Tether_to @circle @Ripple
Shoutout to the at-risk lending protocols that moved fast with preemptive actions @aave @kamino @CurrentSUI
Grateful to the asset issuers who disclosed exposures quickly with little to no material exposure @ethena @maplefinance @onrefinance
And above all, thank you @binance for stepping up and absorbing a hit of this magnitude. Not many could. 🥹
Alex BertoG 🐮 retweeted
Investigation update: Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach.
This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it. We are still gathering the facts, and will share more directly as we have them.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe.
We are still on track towards the expected timeline to resume the withdrawal service in 45 hours. Deposits remain unaffected.
The outflows ceased when we paused withdrawal service earlier. We are still working with partners to freeze many of the impacted assets, and have frozen around $3 billion thus far.
We will continue to provide further updates through official Binance channels as more verified information becomes available.
