i love doing math with gpt-o3 pro after 12pm. never gets old. and it's getting extremely better at it. especially finding correlations & writing simplified equations. i have no doubt ai will win the future international math olympiads. future of humanity is at stake!!

so institutional. so bullish 💪 massive eth, btc treasuries in the build-up. this means multiple things: - massive capital base needs safe yield - staking & restaking are going to skyrocket from here - institutional-grade coverage is a must-have now it's gonna be exciting ✨

be even more wary of those who have a clear answer to: "WHY do you what you do?" those people are the most enlightened & cracked people on earth.

This hit me like a train.

> “or, union could be the distributor itself.” this is the part that deserves the spotlight. it's a broader trend across crypto now; if you want distribution, you have to go build it yourself. no one’s coming to save you. my thesis: crypto companies now need to own their distribution. the days of relying on hackathons and grants to magically spin up developer ecosystems are behind us. that playbook didn’t deliver. in fact, it burned a lot of capital with little to show for it. the better strategy is that these large companies that have >$20m in treasuries should act like real product companies. ship relentlessly & build things on top of their own infra. actually turn their tech into user-facing, growth-driving products. this is something i’ve been quietly observing over the past 3 months and it’s clear that smart founders have already picked up on it and started executing. kudos to @0xkaiserkarel & the team at @union_build. competent, focused and shipping the right things 💪

hey @grok, based on my interactions with the people i follow, who are my top 25 mutuals?

BRO: business representative officer HOE: head of ecosystem BROs before HOEs ✊

> “or, union could be the distributor itself.” this is the part that deserves the spotlight. it's a broader trend across crypto now; if you want distribution, you have to go build it yourself. no one’s coming to save you. my thesis: crypto companies now need to own their distribution. the days of relying on hackathons and grants to magically spin up developer ecosystems are behind us. that playbook didn’t deliver. in fact, it burned a lot of capital with little to show for it. the better strategy is that these large companies that have >$20m in treasuries should act like real product companies. ship relentlessly & build things on top of their own infra. actually turn their tech into user-facing, growth-driving products. this is something i’ve been quietly observing over the past 3 months and it’s clear that smart founders have already picked up on it and started executing. kudos to @0xkaiserkarel & the team at @union_build. competent, focused and shipping the right things 💪

a couple of thoughts: > @aave having a real-time protection shield of $285m is seriously impressive. shows the protocol's commitment to mitigating bad debt & other risks. respect to @GearboxProtocol too. > but there are hundreds of solid defi protocols (lending, stablecoins etc) across chains that don’t have this kind of active risk cover for their users. > the biggest challenge imo is that bootstrapping meaningful coverage is hard. the cost of capital is just too high. > my thesis is that the growth of defi protocols, especially the larger ones like @MorphoLabs or @eulerfinance , will be ultimately capped by how much risk protection they can offer to their users. > this is because more institutional capital is coming onchain. this demand isn’t retail-led anymore. and institutions demand tradfi-like capital protection. > and so a robust risk coverage product isn’t optional. it’s a MUST-HAVE to attract TVL, compete and grow. > at @0xcatalysis, we’re building a unified access layer to $20b+ in aggregate economic security. my gray hair experience says that this fits perfectly with the risk protection needs of mature defi protocols & institutional folks. > we’re launching a new product called “catalysis coverage” with this exact use-case in mind. would love to jam with relevant teams & test it out. my DMs are open. > the goal is to provide an extremely simplified integration UX for top-tier defi protocols to bootstrap robust, secure covers upto $500m with ease.

it is a glorious day for Ethereum, and therefore, the world.