I've put my business on @ether_fi Cash rails. So far, it honestly feels like financial magic. Using yield bearing collateral to fund real world expenses. I wrote all about my experience in the post below 👇

Erik Voorhees: “ETH is still the king, and I don’t see it being dethroned" The founder of ShapeShift and Venice AI is asked if Ethereum was a “sustainable ecosystem.” He replies: “I think [Ethereum] is more than sustainable. I think it is the clear winner of the smart contract innovation. It actually wasn’t the first mover in smart contracts, but it was the first one to achieve any sort of scale with smart contracts. What’s most important about Ethereum isn’t so much the first-mover advantage as much as it is the network effect it has had since it was released.” Erik continues: “I think both Bitcoin and Ethereum have achieved a network effect that is close to unassailable. People have gotten distracted with some of these other L1s, but if you look at metrics like where the developers are and where stablecoin volumes are, these are hard to fake metrics that are very important. They’ve always been predominantly on Ethereum. It’s not even close. I’m glad that other people tried to build L1s. The process of innovation and competition is really important. But ETH is still the king, and I don’t see it being dethroned. It has had various scaling challenges — the patchwork of L2s and the UX problems between them sucks. But I have a suspicion that Base is going to end up becoming the predominant L2 on top of the predominant L1 of ETH and that vertical is going to be very powerful and very strong. So yes, I’m always bullish on ETH in the same way I’m always bullish on Bitcoin.” However, Erik warns that if Base loses its permissionlessness it “will flounder and deserves to die”: “Base has designed things very well. It has gotten a lot of adoption and very quickly became the major L2 even though it was not the first mover. I think it’s gaining a network effect pretty quickly. It obviously has a very powerful corporate ally in Coinbase, and to the degree that Coinbase does not abuse that privilege, that’s a very good privilege. Abuse here means: if Coinbase tries to exert control over base such that it loses its permissionlessness, then it will flounder and deserves to die. But Coinbase has been a very good actor in this regard, and they deserve a lot of credit for demonstrating the principles of decentralization and permissionless innovation in several parts of what they do. Obviously the centralized exchange is not that, but it’s not trying to be either.” Source: @CoinDesk (Dec 2025)

Why would an asset issuer bother tokenizing? @rleshner breaks down 3 real benefits: 1. A whole new investor base that strongly prefers tokens over spreadsheets 2. Tokenized securities are incredible DeFi collateral, less volatile than most crypto-native assets onchain 3. All the advantages you inherit with 24/7, permissionless, composable DeFi protocols Hundreds of trillions in potential TVL lives off chain...

Okay. I'll bite who has the most even handed evaluation of the business case for the hyperliquid exchange and the hyperliquid coin. Free/not behind a pay wall. Is it possible that someone out there is able to consider both the bull and bear case?

This is exactly why crypto will have bipartisan support going forward IMO. The efficiency simply cannot be ignored. Listen to @rleshner of @SuperstateInc break this down 👇

Lots of attention on SPCX today But don’t let that distract you from onchain opportunities! Cap doing a Uniswap CCA Starting @ 75m (same as VC seed) No personal exposure to cap, just want novel primitives to succeed! Will be watching closely

🎙️ New @Edge_Pod 🌉 How @SuperstateInc Is Building The Bridge Between $700 Trillion In TradFi and DeFi 0:00 - Intro 1:58 - What tokenization actually means? 3:41 - Tokenization is the evolution of DeFi 7:42 - Why Robert built Superstate 12:49 - Benefits for tokenized asset issuers 18:34 - How Superstate tokenized funds work 23:13 - Magic of automation in DeFi 26:28 - Straddling DeFi and compliance 30:02 - Regulation CLARITY Act 39:36 - Categories of tokenized securities 41:26 - Differentiators for Superstate 44:57 - Tokenization's hockey stick moment 48:12 - Endgame is primary issuance onchain 49:16 - Closing 🙏 Thanks to @SuperstateInc Founder & CEO @rleshner for joining us!

New @Edge_Pod's out with @rleshner! Too many DeFi builders have fought over too few of crypto-native assets in the onchain economy. Meanwhile, Robert saw $700 trillion waiting to be brought onchain... so he built @SuperstateInc instead.

I just updated YOTW since it went out to Newsletter subs on June 10th. I went a bit deeper on @3janexyz Liquidity Mining program. As always the YTs on @pendle_fi were jumping off the page at me and have already moved substantially since I wrote this up 👀 Update below 👇

Neobanks with thoughtful card designs are so interesting and the growth numbers back it up. Definitely a space to watch.

As @DeFi_Dad mentioned, "a new era of RWA exposure will flip the total market cap of crypto-native assets in DeFi." As we are already proving, with an APY above 10% since Jan 1st despite the current market conditions, yield source diversification and a sustainable yield engine are essential to bringing this yield layer to DeFi. We see a future where we make this layer simple. Users can leave the complexities to us, and we take care of putting them in the best possible position.

The largest IPO in history prices today. $SPCX opens on Nasdaq tomorrow at a $1.75 trillion ask. We have been trading SpaceX already for Texas Hedge 👀, on @HyperliquidX , where the pre-IPO perp put a price on it long before 21 banks and a roadshow did. Bloomberg used our numbers when they covered it. So tomorrow, one hour before the opening bell, we go live. What the perp ‘got right’ @NMTD8 👀, what the bankers priced, and what happens to the basis when the real ticker starts printing. 8:30am ET, Friday June 12. @elonmusk is not joining. We let him cook. Fade Hyperliquid and D2 at your own risk.

3Jane is now open to the public Mint USD3 to earn $JANE Liquidity mining details below

Different protocols ≠ different risk. In a bear market, lending rates, mining rewards, and basis trades all compress together. Same driver = same outcome. (Re)insurance risk is priced by real-world events: independent of crypto market cycles. More on uncorrelated markets ↓

Yields of the Week just dropped below ✅ Is it time to buy tokens and stop yieldmaxxing? ✅ @3janexyz - unveils a unique liquidity mining program ✅ Update on my @ether_fi Cash journey ✅ $STRC tracker ✅ More Full report 👇 the-edge.xyz/p/yields-of-the…

I still hold BTC, but Ethereum ppl have been shouting this eventuality into the void for years. It's becoming clearer to me that the best Bitcoin is Ethereum.

it turns out tokens are no longer uninvestable GMorpho