@jdotfinn

There is this concept I was reading about related to onchain stocks called ‘Board Sit’ on Robinhood. Since the “shares” being created are debt securities issued by Robinhood Assets, they don’t have voting rights. However, the “shares” are collateralized by real stock; if the onchain holdings became big enough, they could theoretically mobilize to start coordinating board votes and maybe even appointing new directors 🤯 Longer term, I am wondering if this type of movement would help solve the ‘rug problem’ wherby onchain assets start to have real rights for these companies, not just vibes and exit liquidity.

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