devsbased @devsbased

$PRISM is PVE We're still in the early stages but I feel like most people don't understand how big this can really get

Stablecoin Sean @seanlippel

7 hours ago

I think the last time I bought a new DeFi coin was actually Ethena in 2024 That changed with ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040 the other day It's got some novelty for sure, reminiscent to me of Index Coop back in the day, but fully built on modern DeFi

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@seanlippel Feels like early OHM

@bryan_johnson FIRE SALE

This tbh but rn I need to rotate out into irl for spacex ipo

Elon Musk @elonmusk

8 years ago

@McMurchie @alexmd2 @Techmeme @CatherineShu At this point, I want ETH even if it is a scam

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Ooh, time to go shopping 🎯

PAIN @pain

6 days ago

Is it PAIN season?

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@Eli5defi gPrism

Math says the order of the factors doesn't change the outcome, PAIN.

@VitalikButerin gPrism

@MrDegenWolf @base @AskLucaAI @vigilcodes Who is starting the index fund on @prism_lp for this stack

Bro, elon won

SpaceX @SpaceX

4 days ago

SpaceX was founded to make life multiplanetary. We’ve been able to expand that mission with our Starlink constellation and AI solution Learn more → spacexipo.com

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ELON MUSK: The Future of Energy Is Beyond Earth. "It's increasingly difficult to build power plants on the ground. There are very few people who want a power plant in their backyard, so if we wanted to say double the electricity usage of the United States, which is on average about 500 gigawatts, we would have to build, about twice as many power plants, which I don't think people are, well, most communities are not super excited about that, but actually, if we go to space, we can go far beyond the electricity generation of Earth. In fact, this is going to sound kind of crazy, but you could actually increase harnessed energy by a factor of a million and still be using much less than a millionth of the sun's energy, so current human civilization uses much less than a trillionth of the sun's energy output, which is kind of humbling to think about."

J.P. Morgan @jpmorgan

4 days ago

Live from our global headquarters: Jamie Dimon and Elon Musk discuss SpaceX and more. x.com/i/broadcasts/1…

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@0xsolazy hey man, great project i'm loving the stack (dstable,spectrum) just wanted to point out something privately can you msg me (I refuse to resubscribe to x so can't msg you first lol)

@OGDfarmer @prism_lp gPrism

The ETF then actually BUYS the underlying token - so it’s not synthetic in it’s ownership - and you will always have a claim to it. This also means they will have positive impacts on the basket of tokens that will be chosen by the best and biggest ETF’s. There is no LP for theETF either so there’s no possibility of rug per se, you just have a claim of the underlying tokens it actually bought on the open market at optimized execution. I can go on and on about the money legos enabled by this, and I will at some other point, but for now a basket of random considerations. This is as usual not financial advice, but it is a nudge to just explore new things, to escape the nihilistic hell that CT has become, and understand that good shit happens on chain and in crypto. Real innovation adressing actual demand done in a better way and with much better incentives - positive instead of negative - than tradfi.  It’s also clearly not a paid post, I don’t do that, but I do have a fat bag I marketbought - lil higher than here, at that 😂 - and another green flag for this has been that I know for a fact a bunch of people tried to get OTC deals and none where given whatsoever. Matter of fact, this post was spurred by today’s “manifesto” from lead dev adressing just that. Their comms, if a lil AI heavy, have been absolutely on point so far in both cadence and scope. Culture in a larger sense matters to me a lot when making investment decisions, and I can sense they are very aligned with the OG crypto ethos. It’s and underappreciated and unexplored aspect in crypto for most trades. But that’s a story for another day. Iposted this longass rundown on a day like this on purpose, when the night is dark, zero fomo, for the people that are still here looking for that spark. The signal that cool people are still experimenting with cool shit. Took me a minute to understand all the intricacies so excuse the possible inaccuracies, but this is fresh and complex and wanted to get it out there while distro is still as healthy as it is today. I assume the complexity is why it’s still so stealth, as is usually the case. Reminds me of Serv early days in that sense. A fun proof of concept on similar tech ran to 30 millions mcap and it did… unicorns. Cute unicorns but still. Pixelated unicorns. This sits at 4 millions as we speak. The devs are well aware of the need to simplify comms and front facing nocoiner user base, so a straightforward platform and true one click deployment and purchasing are next on deck. This is also extremely rare and extremely reassuring, that the target is outward facing and not a crypto circlejerk.  The launchpad is just the first iteration of what’s possible, with all value accruing to Prism. These on chain ETF’s could be an entirely new DeFi primitive. I haven’t seen Viralik post about proper DeFi innovation and experimention since 2020 summer of Defi. It could be the beginning of something special.

Sometimes you stumble upon a gem, something special that reminds you why you still spend countless hours onchain, diving through endless vapour and bundles. Reminds you why you came here in the first place: the boundless innovation, and a better way forward.  @prism_lp has been this for me the second I really understood what was going on. The tokenomics and mechanics are so novel and ingineous I’ll post some materials at the end from the source. Meanwhile, I’ll give you the smoothbrained ape version: there are 5000 Prism NFT’s. Whenever you trade the erc-20 token to fractionals and “brake” one, it’s burned forever. So, deflationary supply. We are at about 4k already, two weeks in.  These Prism NFT’s basically represent ownership of the protocol, not in a memetic way, but in a direct value accrual thank god way, where they take a hefty 60% of fees.  They do so directly: this means that there's no staking, LP wrapper, router approval, no bullshit. You simply hold the PRISM in your wallet. Thank you Uniswap V4 hooks. This is increasingly important both because AI becomes ever better at surfacing attack vulnerabilities in staking contract but also cause: adoption! It’s clear that utter complexities to take full advantage of crypto’s possibilities is not something that nocoiners want to do. More on this as we go, as Prism adresses this 3 ways. So, what are we accruing value from? Indexes! Yes, exactly the thing that almost every non professional uses to get exposure to stocks, and narratives in general. One of the biggest markets in the planet, that charges you a hefty yearly fee for the privilege. So, via Spectrum, the launchpad built on Prism, to whom all value accrues, you can “one click create” what are basically on chain ETF’s everyone will have access to. First one live is a good example: a basket of Base AI projects with VVV as the main position at 50% or so and then a sliding scale of 20% to 1% of a dozen baby clankers. That’s some good low effort exposure to a strong and growing narrative most nocoiners wouldn’t have any idea how to get access to, nor time for. But the fact that onchain we have already exposure to erc-20 of Stocks, and highly efficient and regulated commodities like Paxgold, and new primitives like baskets of tcg cards means we can create something like 20% gold 20% btc 20% vvv 10% fucking pokemon cards 30% the fucking S and P 500 if our boomer inclinations so desire 😂 Possibilities are endless. And again, this is non memetic, and here’s the incentive for big names to do so. Whoever launches the ETF is entitled to 30% of all fees ever produced. But unlile other ETF’s where you have to PAY a yearly management fee here you are PAID to hold that ETF with 10% of all fees created. And 60%, reminder, goes back to PRISM holders. I assume the 0 to 1 moment will be when @VitalikButerin his DeFi ETF or @punk6529 his art/TDH on chain ETF or @blknoiz06 will make his Solana ETF. People with reach and credibility in their own domain. I don’t put Vitalik there randomly, because he just wrote a longass post describing the next phase of DeFi, very same week this this launched basically, and all I could think reading it was: $prism ! The one thing I don’t particularly like about this model is that the ETF’s are fixed in allo. Wich, most etf’s are, but nature of crypto needs more flexibility imho. The reason for that choice is sound: not allowing people to just rug or buy random shit with it. Makes sense. I was happy though to know it was more of a “stylistic choice” and less of a constraint. Down the line flexible ones where “social trust” does it’s thing will be good: again, Vitalik there as an example, or 6529 and it’s TDH crew make A LOT of sense in this context. So much can be done in that sense my brain was tingling with crazy possibilities of TDH crossovers in this system.  But I digress 👇

@prism_lp gprism

Holding the token literally means you’re providing liquidity, no wrappers, no staking, no extra approvals, nothing. you just hold it and it forget it. $PRISM is one of the cleanest and most interesting experiments live on Uniswap v4 rn How it work @prism_lp is a uniswap v4 hook, an ERC-20 token, the LP position owner, and the fee distributor all rolled into one. there’s a hard capped supply of just 5,000 PRISM. for every full token you hold (≥1), it auto mints you a on chain NFT. Each NFT gives you 1/5000 ownership of a single full range liquidity pool. no extra steps. you hold and earn fees from every single swap in that pool. The really smart part (the scarcity flywheel) If someone sells even a tiny fraction of a PRISM, the corresponding NFT gets burned forever. that means the total number of NFTs only goes down over time. So the fewer whole tokens that are left, the bigger your slice of the fees becomes. the more volume the pool does and the more people sell fractions, the more the remaining holders get paid. Why this feels different prism isn’t another ERC-404 gimmick or wrapped LP token. It’s native to Uniswap v4. the token is the liquidity position. It’s like owning a tiny piece of a perpetual on chain ETF for one pool, except with a deflationary twist that gets stronger as the pool gets busier. super clean UX, capital efficient, and no constant fiddling with ranges or IL management. of course there are risks, it’s concentrated in one pool, volume dependent, and it’s still an early experiment. but the design is genuinely elegant. If v4 hooks keep gaining traction and this pool keeps growing, $PRISM could become a go to “set it and forget it” liquidity product. Bullish $PRISM

CJ @LarpCJ

7 days ago

with Spectrum: - get paid trading fees just by holding - price = basket, no premium/discount bullshit - 60% fees to holders, 30% to creator, 10% burns $PRISM the joke used to be: "onchain index is just a way to farm degenerates into buying DL positions" now the index PAYS YOU.

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@0xsolazy gprism

gPrism, I just initialized the first burn prism bridges