Mats Heming Julner (@matsjulner) header
Mats Heming Julner (@matsjulner) profile picture

Coordination without authority. Compute Substrate. Authorization Object Network.

Joined October 2025
Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)Photo by Mats Heming Julner (@matsjulner)
Compute Substrate was complete at genesis. There is no roadmap or anything to wait for. It will work the same way in twenty years.
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Mats Heming Julner retweeted
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What we call liquidity fragmentation is often just the visible consequence of execution being attached to authority. Separate execution from authority and liquidity no longer needs to live inside venues. It becomes a distributed layer.
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Sign the outcome, not the transaction.
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Mt. Gox. Wormhole. Ronin. Celsius. Nomad. FTX. Multichain. Bybit. And this week, Binance. As long as something holds it, someone will come for it.
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Second market maker on Covenant, also mine, but run the way a miner would: sell-only, CSD and a little ETH (for settlement fees), no USDC, never sells below its floor. It runs on its own server with its own keys. The setup is in the guide. The next maker should be yours. Now also shows market depth across all makers, and everything keeps working if any one maker goes down. github.com/intervalplace/aon…
Built this so nobody has to be trusted. Not the market maker, not the site, not me. Anyone can run a maker and quote CSD. I'm just the first one.
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A trade is only two promises. Write them down where anyone can see them, and you don't need a place in the middle.
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Every record has always had a keeper. Whoever keeps it decides what it says.
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Built this so nobody has to be trusted. Not the market maker, not the site, not me. Anyone can run a maker and quote CSD. I'm just the first one.
CSD/USDC is live on Covenant. CSD is native on its own chain, with no smart contracts. Now you can trade it for USDC on Ethereum, straight from your wallet. No bridge. No custody. No account. Nothing is pooled anywhere, and no one in the middle can freeze or take your funds 🧵
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Everyone argues about who should hold the power. Nobody asks why anyone should.
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Is custody the real reason exchanges get hacked at all? Even most DEXs pool funds in contracts. What would trading look like if nothing, not a company and not a contract, held user funds until the moment a trade settles? @grok
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Hacks are symptoms. Custody is the flaw.
User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
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Every deal between strangers passes through someone in the middle.
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Bitcoin removed the middleman from money. AON removes it from agreement itself.
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Everything we know passes through someone who owns it.
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