Anyone else find using USDC on here really annoying? Just let me use eth for everything.

DeFi

A 30% tax on foreign holdings of securities would put a pretty big dent in non-US stablecoins. Maybe it will push them to hold tokenized tbills like BUIDL?

A critical item in Friday's "America First Investment Policy" White House memo has gone completely unnoticed. The administration is considering terminating the 1984 US-China tax treaty.
Currently, Chinese government entities (who hold almost $2 trillion in US assets) pay ZERO tax

Michael McNair

A 30% tax on foreign holdings of securities would put a pretty big dent in non-US stablecoins. Maybe it will push them to hold tokenized tbills like BUIDL?

https://x.com/michaeljmcnair/status/1894116170531574025?s=46&t=Gdg27M409WkRrOX1lGAlGQ

Good morning, GMonchain! 🌀✨ Let’s start the day with positive vibes!

What’s the pmf of the internet? When did we stop asking that?

The “Chunnel Theory”. 

CeDeFi.  https://morpho.org/blog/coinbase-launches-crypto-backed-loans-powered-by-morpho/ 

DeCeFi https://x.com/stripe/status/1920206272538030350

Inevitable

Introducing Stablecoin Financial Accounts. Hold a stablecoin balance. Send and receive funds with fiat and crypto rails. Accessible from 101 countries: https://t.co/yXtE9cdeaz. https://t.co/WnifgAutoA

Stripe

Does anyone use a crypto-backed debit card? What do you like about it? What do you hate about it?

More info soon, but $GYFI now has robust wide range liquidity that leverages E-CLP efficiency

- protocol-owned liquidity provides broad upside liquidity
- incentives are focused on the complementary downside liquidity pool

Onwards and ready for dynamic pools launch! https://t.co/QGjg2LvLIr

Ariah Klages-Mundt

This is very cool https://x.com/aklamun/status/1918284282188988579?s=46&t=Gdg27M409WkRrOX1lGAlGQ

Pendle is an amazing example of how a project can be focused, but also chase the current narrative. Amazing execution by them.

Is anyone building anything interesting at the confluence of DeFi and ZK?

do devs find gas monetization interesting?

do devs find gas monetization interesting? https://x.com/AndreCronjeTech/status/1832634461697273997

fantastic writeup on intents by @0xemperor

Casting here what i cant tweet elsewhere 


Writing @ crypto.mirror.xyz


Research @ ritual.net

fantastic writeup on intents by @0xemperor https://crypto.mirror.xyz/yfBzBTJg5VTZXlpAZ9SpvVFbbkADiT34tS3xJ3Luo98

What I find most interesting in DeFi today:

New tokenomics for the $EUL token https://x.com/euler_mab/status/1832016111010787800

I'm a sucker for an auction

Surprised to see there is over a million ETH borrowed on Aave. Is there a good place to see what these positions are collateralized by?

Any thoughts on why an ETH-pegged CDP “stablecoin” never took off?

cryptobanking

Money is a generally accepted medium of exchange.

Money is a generally accepted medium of exchange. https://www.cato.org/blog/three-pronged-blunder-or-what-money-what-it-isnt

If the financial system doesn't work without a lender-of-last-resort (aka the Fed) willing to print unlimited money in a crisis, does it actually work at all?

What is more likely, a government accustomed to printing infinite amount of its currency moving to a digital hard asset standard or continuing to print its own currency on a smart contract chain?

lotr

The moral economies of the shire.

https://x.com/imperiumpaper/status/1797232362129854729?s=46&t=Gdg27M409WkRrOX1lGAlGQ

Interesting paper about onchain FX markets

Interesting paper about onchain FX markets https://x.com/ganvisnat/status/1782716782983201190

It would be interesting to take Blast's USDB model and instead of having the yield rebase to the holders on the L2, the holders could vote to direct the yield to fund public goods.

Tonyp

@tonyp