• Thursday

    • Yield for wbtc/renbtc/etc isn’t high, but can still be staked for slow yield.
    • ETF managers make a profit by charging fees. They’re low though, since management is typically passive or algorithmic.
      • How are the fees deducted? This makes sense for regular funds obv, but I’ve never really looked into how this works on an open market ETF traded on exchanges. I think they rebase the assets (daily?) to adjust the value of backing minus fees. So it’s simply reflected automatically in the value of your holding.
      • An open crypto ETF platform would let you create your own portfolio, in addition to the ones curated by the owners. I imagine the fee structure for these is just % of transaction.
      • Grayscale charges an annual fee. More than 2% in some cases.
    • Osmosis.
      • Primarily a dex on cosmos, but this protocol offers 2 unique features:
        1. Cross-chain. Incorporates bridges so you can swap across diff networks.
        2. Users can create their own DEXs/AMMs/LPs/etc on the platform. Customizable fee structure, non 50:50 ratios, not just constant-product but other curves, concentrated liquidity, etc.
    • Checked https://cotps-otc.com/ out. Looks shady, claims HF (makes no sense since transaction speed is set by the blockchain and order is set by the validators), and has no app/connect/audit/discord/docs/roadmap etc – just a link to another site to register.
    • Circle is applying to become a bank.
    • After turning down the board seat, Elon filed a deal to buy twitter. Their current market valuation is ~37b, the offer was 43b ($54/share). Said it was final, and if not completed, would reconsider his position as a shareholder (9%). The stock jumped at this news, which corners the twitter board even more in fear of tanking after pullout.
    • Aptos = Mo Shaikh CEO, Avery Ching CTO.
    • Mysten = Evan Cheng CEO, Sam Blackshear CTO.
    • 1hr youtube video by Sam Blackshear on Move: https://www.youtube.com/watch?v=EG2-7bQNPv4. “A Safe Language for Programming With Money.”
      • Needs to be deterministic, safe, and have metered execution. Most conventional languages don’t (again, I disagree, you can slightly modify many common languages to achieve these without introduced an entirely new semantic set).
      • Moving vs copying vs referencing resources = critical.
      • Drop/copy/store/key type abilities = critical.
      • No native currency. Anyone (any address) can create a token and add it to global storage (under their address).
      • Code is reusable (even across strangers’ accounts, if exposed), just import a module from another address.
      • All or nothing. A transaction either succeeds fully or fails anywhere and does nothing.
      • The fact that you can enforce stuff won’t be accidentally dropped? Can that be a business? Transaction preview or transaction protection or something.
      • Move comes with gas metering, but final gas prices are set by the network implementation (aptos, starcoin, sui, etc).
    • Downloaded desktop telegram. Joined aptos discord.
    • Eth2 deposit contract is the #1 eth holder (12M ETH = $36B USD): https://etherscan.io/accounts.