Building things with @Refracted_Labs | TradFi ➡ DeFi | prev. Goldman Sachs & JPMorgan

Joined July 2009
310 Photos and videos
Mr Refractor retweeted
#StartInBlock 2026 Top 100 Is Here! 1000 Founders applied, and these are the most promising early-stage startups in Web3, filtered, evaluated, and selected as the 100 best candidates. Get your VIP INVESTOR TICKET to access the DEAL FLOW, pick the 12 finalists, and hear them pitch in Paris at the Louvre. Grab Your Investor Ticket with code: PBWINVESTOR First 10 tickets get 25% off: parisblockchainweek.com/tick… The 12 finalists will be announced to pitch in front of our amazing sponsors and partners @bit2me, @SpectrumNodes, @Cardano_CF, @AdevarLabs, @ai, @yzilabs, @oviohq, @PitchBook, @DraperDragon, @0xProject, @deel, @DraperVC, @Bpifrance, @Taisu_Ventures, @brian_wong, @LBV_VC, @edenblockvc, @cryptocom, @halo__xyz, @50Partners, @Dune, @MCSocialVenture, @CoinMarketCap, @Cointelegraph, @Sony_Innov_Fund, @trgcapi, @strobefund, @BanklessVC, and @Maven11Capital, and jury members @samizb (@draperdragon), @mfelicepace (@Spectrumnodes), @tkstanczak (@nethermind), Cosmin Staicu (@bit2me), and Jessi Brooks (@RibbitCapital). Let's take a look at who made it to the top 100 👇
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More and more believe that RFQs are the way people will trade most volume in crypto. There is a reason TradFi doesn't have public pricing and huge pools of exploitable capital.
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The spread above the risk free rate for locking funds in smart contacts where you are just getting a yield and not utility feels really wrong still
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It’s sad to see, but it really does feel like the IBC economy is fading. Teams and builders are leaving, value isn’t clearly accruing to the Hub, and users seem to be drifting away. The “internet of blockchains” has become more like a set of isolated chains—siloed, not collaborating, and far from being greater than the sum of their parts. I still genuinely believe in DeFi, but it’s hard to ignore that time and again, teams are choosing to launch their tokens and products on Ethereum.
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Some Notes on $PRYZM LBP on @Pryzm_Zone with 24 hours left Caveat: The PRYZM LBP is a live, on-chain experiment never before attempted at L1 level making it truly unique from anything I've seen before. We hope this sets a benchmark for Interchain Fair launches. Current stats: $400k bought so far. $380k currently in unexecuted DCA orders. 60mm $PRYZM tokens sold, 40mm available. TL;DR: - Last 12 hours should be very interesting — volatility expected as buyers try to time the bottom in a game of chicken. - Tokens are probably being sold too cheap due to overly aggressive LBP parameters set in stronger market conditions. - Discount vouchers significantly improve the incentive to participate vs. just waiting — adding “free upside” if price moves post-launch. - Large buyers are holding USDC off-chain and waiting to strike without signaling, adding stealth and uncertainty to final dynamics. - The Pryzm LBP ICO auction is live with just over 24 hours remaining. Volatility is expected to increase sharply as the "game of chicken" dynamic nears its conclusion. - The auction uses a steep price curve, which makes tokens cheaper over time. This benefits buyers but reduces the amount raised. Original parameters were set in a stronger market and may now be too aggressive. The team chose to provide excess liquidity, which has led to tokens likely being sold too cheaply. Once the LBP ends, this forced sell pressure ends—and only LBP buyers will hold liquid tokens, with no downward pressure from airdrops, CEX allocations, or market makers. - Large buyers are keeping USDC off-chain to avoid signaling intent, using last-minute transfers or Skip for stealth purchases. - This is a fully interchain launch—participants can buy PRYZM tokens using USDC from any major blockchain in one step. It also supports native DCA (dollar-cost averaging), a first for an LBP, making it one of the fairest interchain launches to date. - Discount vouchers for participants and referrers are incentivizing more people to join and wait. These act like free options that can be monetized if the token performs well post-launch. - No private investors, no presale, and no whitelists. All tokens are distributed publicly, resulting in a genuinely community-driven launch with strong support from early participants. - DCA has been heavily used, allowing buyers to smooth entry and reduce exposure to typical LBP volatility. - Price impact per trade is increasing as the auction nears its end. A 1,000 USDC buy currently moves the price ~0.45%, rising to ~1.1% in the final 24 hours. - The structure has become a strategic waiting game. As price drops, fewer dollars are needed to stabilize it, increasing risk and reward as buyers try to time their entries. - Once the LBP ends, auction-induced downward pressure is gone. The token will have been widely distributed in a fair and open market. - 100 million PRYZM (10% of total supply) is being distributed in this one-off event, emphasizing decentralization and true community ownership. 60mm sold so far, 40mm left.. - Several larger holders have already begun accumulating with low price impact—an opportunity usually reserved for VCs in traditional launches. Some images: Large buyers taking advantage of large liquidity and now more smaller buyers via DCA Leaderboard showing some holders managed to accumulate decent size positions 388k of DCA orders gradually positioned down the orderbook Use this tool to visualise the LBP - gemini.google.com/share/2531… Check current status at app.pryzm.zone
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A $PRYZM LBP ICO Update LBP working exactly like it's supposed to and creating a completely Fair Launch for community. - it's stopped bots and snipers from taking supply - there are still 99.9MM $PRYZM tokens in the pool — bots haven’t eaten it all - community can decide when they think the right time to buy is — not bots or snipers - there’s deep liquidity for buyers to accumulate $PRYZM with low price slippage - gradual DCA over the next 6 days is possible — no need to stress about picking the “perfect” entry - no private investors waiting to dump on the community - everything is transparent with no information asymmetry — the pricing curve is set and can’t be changed - smart contracts/modules are audited - the team is active and providing support throughout the LBP Community has the power. Onwards
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Excited to celebrate a major milestone today—after more than three years of work from our team, we’re launching the first-ever LBP with DCA for @Pryzm_Zone. Grateful to reach this pivotal moment & to keep building on our roadmap. Check it out at app.pryzm.zone!

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Mr Refractor retweeted
13 Jun 2025
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Does anyone have a good example of a new L1 "built for builders" that has enabled successful products not possible on other L1s?
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Feels liberating to start unshackling from just building with one stack.
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Mr Refractor retweeted
How I use the Pryzm Platform - Post #6 Here's a simple @Pryzm_Zone trade that I have running 24x7x365 with $ATOM, $INJ, $TIA, and others. I call it the 'set it and forget it' trade. Let's walk through this multi-part trade assuming we're starting with 10 $ATOM. The idea is simple - use $ATOM to buy more $ATOM. Step 1 - Create a PulseTrade to swap 10 $ATOM for 10.6 $ATOM worth of cATOM. In this scenario I'm targeting a 6% gain, but you can set your own profit goal. Step 2 - Wait for another Pryzm user to refract some $ATOM, then use Instant Unstake - which is arguably Pryzm's most useful/innovative feature - to convert your cATOM back into 10.5 $ATOM. *Note the 1% Instant Unstake fee (insanely cheap, btw). You could also "slow unstake" your cATOM for 10.6 $ATOM, but I don't use this feature because it'll take 21 to 23 days to complete. Step 3 - Rinse 'n repeat. There's an optional strategy that I use in between Step 1 and 2, every time, to generate even more profit. Since it can take a few days or more before $ATOM becomes available in Instant Unstake, I use my cATOM to join the ATOM Yield LP via 'Zero Price Impact'. That earns me swap fees Photons which convert to $PRYZM tokens. And I stake the yATOM tokens received when joining the ATOM Yield LP. This earns me even more Photons/$PRYZM. Then, when $ATOM comes available in Instant Unstake, I'll (1) unstake my yATOMs, (2) remove my ATOM Yield LP liquidity, and (3) merge my yATOMs and pATOMs back to cATOM so it can be unstaked for $ATOM. Ready to give @Pryzm_Zone a try? Now is a great time. They’re running a points campaign now through August 31st that will distribute 5% of the $PRYZM token supply to Pryzm users. All participants need a referrer. If my posts help you in some way, please consider signing up with my link. Many thanks! app.pryzm.zone/points/pryzm?… $PRYZM #PRYZM #PHOTONS @MrRefractor
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Always. Be. Compounding
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Mr Refractor retweeted
How I use the Pryzm Platform - Post #5 There is so much you can do with yield tokens (yTs) on @Pryzm_Zone, which makes sense since Pryzm touts itself as a yield trading chain. Lately I've been scooping up some yATOM-12/31/26 w/PulseTrade. WHY AM I BUYING? Its yield has recently fluctuated between 70% and 90% APY. That's attractive...more than 3x what staked $ATOM yields. WHAT AM I DOING WITH IT? I'm currently staking it, which... ✅ pays me daily yield in cATOM (Pryzm's $ATOM LSD) ✅ which I use to buy more yATOM when its cheap, and ✅ earns me photons that convert to $PRYZM tokens HERE'S THE REALY BEAUTY OF HOLDING yTokens - if their price goes ⬇️, their yield goes ⬆️. So I'm happy. - if their price goes ⬆️, I've traded profitably. I'm happy. And there's a bunch of other ways you can use yTs on Pryzm too. Like... ✅ Super Stake them for even more photons/$PRYZM ✅ Use them to merge principal tokens back to the LST (e.g., cATOM) ✅ Trade them for other p/y/c tokens or LPs when trading opportunities present themselves Ready to give @Pryzm_Zone a try? Now is a great time. They’re running a points campaign through August 31st that will distribute 5% of the $PRYZM token to Pryzm users. All participants need a referrer. If my posts help you in some way, please consider signing up with my link. Many thanks! app.pryzm.zone/points/pryzm?… $PRYZM #PRYZM #PHOTONS @MrRefractor
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Mr Refractor retweeted
How I use the Pryzm Platform - Post #4 🚨 Look for yield tokens priced under zero 🚨 This happened last night with nUSDC. Although you can't swap into tokens with a negative price, there is a way to profit. I'll explain how using last night as an example. (1) I refracted nUSDC into 6/30/25 principal and yield tokens. (2) Then I swapped my pnUSDC back to nUSDC. Note that l ended up with more nUSDC than I began step 1 with. (3) Repeat step 1 and 2 until the arbitrage opportunity is gone. The result? It took me 13 cycles last night to clear the arb. I started with 40 nUSDC and ended with 54 nUSDC 769 ynUSDC. You can either stake all free yield tokens received from refracting or you can wait until their price stabilizes and swap out of them for even more profit. If you’d like to give @pryzm_zone a try, now is a great time. They’re running a points campaign through August 31st that will distribute 5% of the $PRYZM token to users of the Pryzm platform. All participants need a referrer. If my posts help you in some way, please consider signing up with my link. Many thanks! app.pryzm.zone/points/pryzm?… $PRYZM #PRYZM #PHOTONS @MrRefractor
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Are there any DeFi money markets where you pay a lower interest rate if you have a lower LTV?
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Mr Refractor retweeted
14 May 2025
Replying to @Pryzm_Zone
@Pryzm_Zone's new badge for Photons Campaign Season 2: Photons Whale S2 $PRYZM #CosmosEcoSystem
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Mr Refractor retweeted
How I use the Pryzm platform – Post #2 Today I’ll share how I’m currently playing Season 3 of @Pryzm_Zone's Photon campaign. BTW, it runs from May 1st through August 31st so we’re still very early. But before I do that, for context, this is how I played the previous Photon campaign which ended on April 30th. My premise was simple: ✅ Pryzm was flying a bit to far under the radar due to crappy market conditions; therefore, ✅ the campaign was being under-farmed; as a result, ✅ my goal was to earn as many photons as possible; because, ✅ based on the total amount of photons earned during the campaign, the implied price of the $PRYZM token was MUCH cheaper than where I expect $PRYZM to trade after the token launches. Now that I’ve secured a good-sized $PRYZM bag, I’m starting Photons Season 3 with these strategies (1)Remain as liquid as possible Why? I expect loads of new yield-bearing tokens to be added on Pryzm over the next several months now that IBC Eureeka has opened the door to Ethereum assets in the cosmos. I want the ability to shift my capital to these new assets if they offer better profit opportunities. (2)Employ a ‘delta neutral’ trading strategy, primarily Why? This complements my first goal. I don’t necessarily want to own the tokens I’m trading. I just want to use them to generate profits AND earn more $PRYZM tokens. So, I’ll use $BTC as collateral to borrow the tokens I want to trade. (3)Put my stable coins to work; primarily by LPing them and staking the yTokens Why? LPs earn substantially more photons this season than last. Staking the yTokens received from ‘zero price impact’ joining my stables earns me daily yield (more stables) more photons. And by regular staking my yTokens instead of Super Staking them, I can withdraw my liquidity at any point and merge those principal and yield tokens back into their underlying stable coin LST. (4)Take advantage of trading opportunities created when maturities are added or expire and when new tokens are added Why? Some markets are inefficient. Thus far, it’s taken Pryzm users a while to “correctly” price new maturities. Additionally, big fixed yield opportunities often emerge before maturities expire. This creates profit opportunities for those who know how to take advantage. I’ll describe these trading strategies when they present themselves. If you’d like to give @pryzm_zone a try, now is a great time. They’re running a points campaign through August 31st that will distribute 5% of the $PRYZM token to users of the Pryzm platform. All participants need a referrer. If my posts help you in some way, please consider signing up with my link. Many thanks! app.pryzm.zone/points/pryzm?… $PRYZM #PRYZM #Photons @MrRefractor
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IMO, any on-chain algorithm that does passive pricing and either discloses the algo or can be backsolved is dead on arrival-it’ll just get front run (LVR, MEV, whatever you call it, it’s free money for bots). The future isn’t atomic on-chain magic. It’s off-chain: black-box algos that adapt faster than the mempool (like real market makers) or orderbooks with actual nuance. Hybrid is the play: let off-chain handle the chess moves (pricing, risk) and on-chain handle the settlement. Transparent AMMs? They’re the sitting ducks of DeFi. The real alpha’s in the strategies you don’t publish, always has been. Noone in TradFi publishes their pricing algos.
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Mr Refractor retweeted
How I use the Pryzm platform – Post #1 I’ve been consistently using @Pryzm_Zone - a yield trading layer 1 blockchain – since it went live last June. Early on, understanding how each Pryzm feature worked was difficult. And it took longer than I’d like to admit to devise profitable trading strategies. But I eventually figured it out through a combination of trial and error, studying the Pryzm team’s explainer posts/videos, being active in Pryzm Telegram, and following advice offered by some very generous community members such as @hissst and @RefractedIndex , among others. Now that I’ve got a solid understanding of Pryzm and many months of profitable trading behind me, I thought I’d try to pay it forward. So, for the next few months I’m going to share: ✅ what strategies I’m employing (and why), ✅ what I’m holding (and why), ✅ what I’m trading (and why), and ✅ how I’m approaching the current Pryzm Photons campaign (explained a bit more below). Please understand that nothing I post should be considered financial advice. You’re simply getting some insight into one trader’s thoughts and plays. My hope is that someone out there will learn a thing or two they can successfully apply to their own investment plan. That’s it. More soon! If you’d like to give @pryzm_zone a try, now is a great time. They’re running a points campaign through August 31st that will distribute 5% of the $PRYZM token to users of the Pryzm platform. All participants need a referrer. If my posts help you in some way, please consider signing up with my link. Many thanks! app.pryzm.zone/points/pryzm?… $PRYZM #PRYZM @MrRefractor
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