cd~/ @handelsbanken / @liquynlabs / human
London, UK
Joined August 2008
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This seems as good a time as any to say it: DeFi is looking dangerous again. The rate curves are working as intended, but they’re blowing up, consumers are being sold disingenuous numbers, and we’re creating bad debt.
kylebolton.me/blog/fixed-cre…
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i think @Enter_Elysium could be an interesting development for the Hyperliquid ecosystem
HyperCore has already attracted significant trading activity, but HyperEVM hasn't seen the same level of adoption from applications
Kinetiq is building Elysium as a faster L2 to support more onchain activity, and i'm particularly interested in how they're approaching token economics
the plan to direct a portion of revenue toward KNTQ buybacks and burns, while encouraging applications to do the same, is worth paying attention to
i think L2s that can build active ecosystems and create sustainable value for their native tokens will have a better chance of standing out
I don’t think we’ll fully know the contagion of this till start of play Monday (Binance) but this is exactly what’s wrong with variable rate DeFi protocols rn.
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Kyle retweeted
Not to sound all libertarian but the healthy mindset is aspiring to earn that much instead of punitively cranking up the taxes on people that do
£125k wouldn't even put someone in the top 10% of earners in the US. I don't think we realise just how poor we are in this country.
I hate to be doomer (lol) but yeah he’s great at curating people and SpaceX - but what to do I need my car doing a 360 and landing it?
Things to think about.
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BYD has accomplished safe selling driving cars, why is this mf having to make it run under rocket boosters?!
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I find some of the completely anonymous accounts managing reasonably large protocols on HyperEVM deeply problematic. The platform is still incredibly young, be careful where you place your money.
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If you’re a maxi and adhere to those principles/turbo autist, that’s totally fine. But not when you’re managing large funds.
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