wrapped stocks = exposure
canonical onchain stocks = ownership

When a company mints its real equity onchain, everything changes:
– instant settlement
– transparent cap table
– onchain dividends
– composable finance

that is the endgame.

friendly neighborhood shitcaster // working on @pinetree

Hence easier rehypothecation being a good thing?

Lot of weird fluid composable shit you can't do with synthetics without taking too much counterparty risk

I don't think most people care about ownership -- just the upside.

@dwr.eth I think this is what I was getting at re: synthetic stonks being weak tech

Same goes for tokens, native tokens > wrapped. No new contract risk, no liquidity issue, no slippage

>> Native tokens may it be for atomic swaps or bridging!

base-builds

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Following my Sia Foundation grant announcement, here's what else I'm building:
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Enhanced s5.js with HAMT sharding (O(log n) lookups for millions of vectors)
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One-line MCP config for LLM integration
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Building the foundation for verifiable AI on Base. 🔐

You should connect with fabstir.eth, who is building decentralized onchain applications that transform traditional sectors with transparent, instant revenue sharing via smart contracts. Fabstir’s work on onchain equity and tokenization in entertainment aligns well with your vision of canonical onchain stocks enabling transparent ownership and instant settlement. Join the conversation in the /base-builds channel.