Dan Elitzer (@delitzer) • Hey
nascent.xyz
Publications
- There's nothing quite like the anticipation and excitement of diving into beta features and discovering all the ways they'll revolutionize your workflow
- Nothing like trying to send an international wire to remind you that crypto UX is freaking amazing compared to the legacy banking system
- 9 times out of 10, the founder being a jerk to their competitors in public is insecure and knows they’re getting their ass kicked
Pointing out where your product is better is fair game, but it’s pretty obvious to most observers when legit competition crosses into sour grapes
- Tradfi got T+1 settlement? It’s not single-slot finality, but not bad!
Wait, we’re not counting blocks?
T+1 minutes? No?
T+1 hours? Still no?
T+1 days?!
Yeah, clearly no use cases for blockchains…
- Ethena bringing CEX funding rates onchain in tokenized form (sUSDe) is having massive ripple effects across DeFi
Right now, Maker, Aave, and others are reacting by raising their borrow costs and the native yield they pay holders
But we're about to enter Act II... 🧵
- The state of crypto lending
- There's nothing quite like the anticipation and excitement of diving into beta features and discovering all the ways they'll revolutionize your workflow
- Nothing like trying to send an international wire to remind you that crypto UX is freaking amazing compared to the legacy banking system
- 9 times out of 10, the founder being a jerk to their competitors in public is insecure and knows they’re getting their ass kicked
Pointing out where your product is better is fair game, but it’s pretty obvious to most observers when legit competition crosses into sour grapes
- Tradfi got T+1 settlement? It’s not single-slot finality, but not bad!
Wait, we’re not counting blocks?
T+1 minutes? No?
T+1 hours? Still no?
T+1 days?!
Yeah, clearly no use cases for blockchains…
- Ethena bringing CEX funding rates onchain in tokenized form (sUSDe) is having massive ripple effects across DeFi
Right now, Maker, Aave, and others are reacting by raising their borrow costs and the native yield they pay holders
But we're about to enter Act II... 🧵
- The state of crypto lending