just like accidentally committing a pk to a gh repo gets picked up almost immediately by bots, any data published on the internet will be immediately ingested and tested for potential exploits by agents
Some stats on #php2shell. In the 10 hours before it was publicly announced, across the @Cloudflare network we saw thousands of attempts to exploit it. That jumped to tens of thousands in the 45 minutes post announcement, hundreds of thousands within 2 hours, and millions now.
for those that want to airdrop to charters in this locked mechanism but want to deploy it themselves (no launchpad)
dm me if youre interested
i was airdropped $8k directly into my bank today
this is where the game theory gets really interesting
the only way to access that $8k, the standard tokies accumulated, or anything else accumulated inside my bank is to exit my charter entirely, burning it in the process
it creates an interesting dilemma between realizing value today and continuing to accumulate value over time
also a great example of what's possible with soulbound-esque nfts and the financial systems that can be built around them
for now, i'll probably just continue holding everything as standard reserve works toward becoming the main liquidity coordinator for robinhood chain
take a look at the protocol's daily revenues, and that's during one of the driest periods in the market
been working on URC-5 for over a month to combat vamp pools, super happy to see it get accepted into the repo
during the whole 0x/Uniswap debacle, hayden adams said “simply dont route to bad hooks”. URC-5 makes that a standard
we wanted to save this for post KoTM but with how the market is, this is the perfect time for experimentation
standard’s launchpad is the first where people can deploy URC-5 tokens, with the caveat it requires some deeper dev knowledge to do properly
we are also extending KoTM for another week to experiment with different mechanics but are throwing in another 100k into the pot
standards stock lp pools run on a custom v4 hook. fees are dynamic and follow the NYSE
30 bps regular hours, 60 bps pre/post market, 150 bps overnight, 300 bps on the weekends
this lets the same liquidity be more efficient capital and capture more value for the protocol
its only been 44H but fees annualized on our pools so far are:
SPCX/USDG ~425%
BABA/USDG ~130%
SKHY/USDG ~95%
and the weekend hasnt even started yet..
tldr, i firmly believe in the inactivity mechanism and why it exists, but i also understand the frustration and where we couldve done better
the team will personally cover losses using earned team fees. but next time is fr tho
we're here for the long run
tldr, i firmly believe in the inactivity mechanism and why it exists, but i also understand the frustration and where we couldve done better
the team will personally cover losses using earned team fees. but next time is fr tho
we're here for the long run
every token built on a tokenized stock needs a path back to dollars
usdg -> stock -> meme
the stock/usdg leg will run through standard owned pools
the goal is to own the liquidity infrastructure underneath such that the reserve is part of every route no matter what financial derivative or instrument the user is trading
owning the flows underneath is the moat
The Biggest Opportunity in Tokenized Stocks Isn't the Stocks.
My conversation with @0xBeans.
0:00 From Coinbase to DeFi: The Story of 0xBeans
3:15 What Is Standard Reserve?
8:55 Charter NFTs, Incentives & Game Theory
14:20 sBILL Staking & Where the Yield Comes From
17:14 Protocol Revenue, Buybacks & Burns
23:05 Why Tokenized Stocks Need Deep Liquidity
30:15 Why Build on Robinhood Chain?
34:55 Becoming the Liquidity Engine for Tokenized Stocks
41:39 King of Markets: The $1M Trading Competition
45:12 Falling in Love With Crypto Again
51:30 The Long Term Vision for the Protocol
on standard's launchpad you can airdrop tokens directly to charter holders
what makes this interesting is that tokens are locked behind branches and have the same exit mechanic as STANDARD, holders have to burn their branches to get the tokens out
additionally, these are people who have long term alignment to projects and are willing to put real capital behind their convictions
token deployers, think about it..
talking to the king himself
going to have a late night conversation with @0xbeans in an hour
the more i learn about what standard reserve is building, the more interesting it gets
the ambition to become the main liquidity layer for tokenized stocks on robinhood chain, the game theory behind coordinating that liquidity, and how everything could fit into a much bigger financial ecosystem
i've put a meaningful amount of my house challenge capital ($50k) into robinhood:0x88ad8ddf1e3898412146a534538d418c6f8a9062 because i think the upside is enormous IF they can execute
and from what i've seen of his history, what they've built so far, and the moves they're making, i think they're in a great position to give it a real shot
but i want to dig deeper into the vision, understand the risks, and challenge some of my own assumptions
what questions would you guys want me to ask him?
also, thank you to everyone who tagged him and helped make this happen 🤝
