The most important mission we have with LONG is figuring out how we make pairs more attractive as a new asset class and more interesting for net new long term holder. we want to re-build the stock market and empowering pairs to become a distribution engine that constantly capture more value. ETF mangers and hedge funds on Wall Street been running extremely lucrative biz for years. AI holders can now own and manage their own basket with $250k TVL + get fees from the market activity. Wrote about it yesterday, I think LongX baskets are 0-1000 moment for expressing a thesis via specific combo of assets and own the upside. The cool part here is that there are bunch of extremely smart holders in AI and other pairs in LONG and I think they will find a lot of utility around these. Even if you’re not into perps and stock portfolios I highly recommend to try it out. It cost nothing to vote you just need to hold AI in your wallet and you get fees in AINX on auto. The current proposal is to rest the leverage on NVDA ahead of an expected rally. But it can go much deeper than that from increasing total leverage add new assets and so on. There are bunch of design questions here we will tackle one by one(how we get holders on apps like fomo to vote? how much optimality we want to provide? Should we use curators? How about adding a carry from PNL and so on) We gonna keep pushing novelty as far as we can. I’m gonna break it down further in the coming days. And also working with additional teams to bring their communities custom baskets bases on demand. Keep it LONG.

Just keep posting, nothing is beyond our reach.

The hyper bull case for LONG eco is that people feel any coin launch can be a giga runner on its own I'm not really sure why people always feel the need to couple assets in crypto, I think it's just deep rooted from ancient BTC era There will be many $1bn coins

Pretty wild how @longdotxyz has been one of the main catalysts for bringing tokenized stocks onto @RobinhoodApp Chain, with every $1 of stock that buyers paid into Long pools followed by ~$1.90 of new minting of that same stock within three days and ~$2.80 within a week That holds after controlling for each stock, each day's market-wide minting, and the stock's normal DEX volume, and buying into Long pools shows no link to minting in the days before it. Even in raw, uncapped data with AMC and SPY left out, it is still ~$1.40 within three days and ~$2 within a week. Scaled across every stock, the main estimate works out to Long being behind roughly a fifth of the ~$160M of stock minted on the chain since July, while pools on other launchpads like Bankr, PONS, and PAIR show a weaker and less consistent link and have released more stock than they absorbed over the same stretch The clearest examples came from Long's biggest launches, as onchain AMC went from 112,732 shares the day before "A Meme Coin" launched on 09/03 to ~2.9M the day after, HIMS went from 275 shares to ~2,400 in the three days after Boner Coin launched on 08/20 with Long pools absorbing 41% of the new supply, and NVDA supply rose 158% in the week after Artificial Inu launched on 07/14, compared to 35% for the median stock MONITOR took longer to get going, with PLTR supply up 64% in its first week against 87% for the median stock, but it kept climbing. When @JTLonsdale quote-posted MONITOR on 09/23, its value went from ~$1.1M to ~$10M in under two hours, and its pool traded 1.4x all tokenized PLTR in a single hour, while PLTR supply rose ~11% that day to double its pre-launch level as Long pools took in ~1,250 PLTR, and supply was still ~3% above its pre-post level the next day Long isn't the whole story, since Long pools hold only ~$14M of the ~$170M of tokenized stock onchain and the size of the estimate depends on capping a cluster of $2M - 7M mint days, mostly in SPY and AMC, that otherwise swamp it, but the pattern is consistent enough to say the Long memecoin trading is pulling new shares onchain rather than just recycling the ones already there These pairs have also started to attract real social capital, with @vladtenev following "A Meme Coin", @AndrewDudum following "Boner Coin", and @JTLonsdale following + quote-posting MONITOR, all for something that is still relatively nascent The next catalyst could come from Robinhood itself, since @vladtenev says 1:1 in-kind redemption and voting are coming to Robinhood Stock Tokens, which would give holders a reason to keep shares onchain rather than just trade them /board_sit

This is probably one of the most important upgrades we’ve had with LONG. And one of the purest forms of the “liquidity moat” I keep mentioning. Very simple breakdown: Stock pairs on LONG hold 10–40% of the entire stock circulating supply and are the main reason some stocks on RH are liquid. They can accumulate substantial liquidity and market fees in their vaults ($1m+ now). They can now allocate these fees to LP positions in STOCK/USDG pools with no IL(impairment lose is huge problem I will break down later and explain how stock pair flows can solve) This enables stock pairs to capture the entire routing layer around their stock, including the activity they drive themselves. Accrue more LP fees back to the vault. And own an even bigger share of the liquidity and upside from growth in RWA TVL and activity. I’d take this a step further. I strongly believe that, with multiple iterations, this can be an endgame for tokenized stock LP. I’d even argue that this is an ideal way for capital allocators to incentivize stock pairs, add liquidity to STOCK/USDG pools, and align with the biggest stock pairs by routing a portion of LP fees back to them. working to roll this out to more pairs as we speak. It’s permissionless, but requires some manual configuration we can’t automate. LONG.

JUST IN: $LIT falls 14.1% following news Robinhood has chosen Bitstamp over Lighter for its US perpetual contracts.

This is like the equivalent of being surrounded by 10 terrorist with explosives strapped to their chests telling you you’re safe and have nothing to worry about.

$AI is going to give you something to believe in again.

This is my 4th cycle in crypto, and here are my biggest takeaways: ⁃ You won’t make money trading, rotating or market timing. ⁃ The only sustainable and high-probability way to really make it is by multi-year HODL. ⁃ Ask 99.9% market participants and they’ll tell you that they’d do much better if they simply held instead of trying to trade or rotate… ⁃ No one will tell you this, but the most important fundamental for any crypto asset is Community and the intensity of its belief and persistence ⁃ Over time, an average BTC maxi type hodler outperformed the nihilistic CT trader 99% of the time ⁃ The type of HODL crypto assets that outperform massively over time are ones inspire a delusional community most akin to an “Army” of die-hard supporters who persist for years on end, organize IRL events, have a strong culture of continuous DCA’ing into their coin and one where the coin becomes a core part of their holders’ identity. ⁃ The examples include BTC, XRP, DOGE, LINK, ADA, SOL, ZEC ⁃ However, the greatest opportunity lies in being able to identify these type of assets *BEFORE* they’ve gained global widespread adoption but *ALREADY* exhibit the aforementioned properties of a die-hard Army like community. ⁃ Think BTC in 2013-, XRP in 2016-, SOL in 2020-, DOGE in 2020-, and so on. Given the accelerating trends occurring in the world today, and contrary to the nihilistic belief of most Crypto market participants, the *next* such phenomenon will be SIGNIFICANTLY BIGGER than the ones that have preceded it. Whichever way you look at it, whether it's the Belief / Spiritual / Community / Events / Media side, or Data / Metrics / Onchain Data side, SPX6900 is the next asset that fulfills all of the above requirements (and more), but still in its early stages. The Golden Armada is growing day by day. Look into the Future. Flip the Stock Market. 69T