Sup tribe, the master whitepaper for Supra Layer 1 is here 💪 We've built a lot of tech and released 10 whitepapers so far and it can be tricky to follow how it all fits together into one blockchain stack, this paper summarizes it all It's a high-level overview on the most advanced blockchain stack in the world today, Supra. It'll take you through: 0️⃣ Introduction to the Supra Layer 1 Stack 1️⃣ Native Vertical Integration of Blockchain Services 2️⃣ IntraLayer: Connecting Blockchains to Supra and Beyond 3️⃣ Supra’s Core Insight - Tribes and Clans 4️⃣ Transaction Flow on Supra Layer 1 5️⃣ Mempool-less Bucketing Scheme 6️⃣ Transaction Data Dissemination 7️⃣ Consensus Protocol 8️⃣ Execution 9️⃣ Epochs and Cycles 🔟 Supra Containers People are finding Supra for the first time every day, and a lot more will discover us as we ship MoveVM mainnet⚡️ This paper will be the go-to DYOR resource to understand the overall capabilities of Supra Layer 1 (link in thread 🔗)

MICA in Europe pushes stablecoin issuers to hold money in banks. But, it's bad for banks to take deposits from stablecoin issuers because: 1) They are wholesale customers who move money in big chunks; 2) "stablecoin" is a "payment instrument" that assumes fast redemption; 3) fast money can only be held in central bank reserves and short term bonds, and not used in more useful ways. There is a simple solution - put the fast redemption problem back to the stablecoin issuers. It's good for stablecoin issuers to behave more like banks with well-structured liabilities: - They should have a variety of "staking" agreements with users to hold money, allowing the money to be put out in more useful ways - They should allow their coin to depreciate if a big percentage of holders want to redeem at the same time. The redemption liquidity % per day could be committed in advance. If holders want more, then the fast redeemers should have to pay for their "liquidity preference" Europe is a bit stuck right now because of poor analysis from rule makers. Globally, DeFi is naturally moving in the good direction.

Elon is trying to destroy the dollar but doing a poor job of it. Dollar index is up 12% in the last three years. It is holding much steadier than any crypto over the last 1.5 years (5% range). Now causing problems for non-dollar holders. People like $

🟦 🤖 ☁️ 🔵 🔴 🟡 🟢 Tune in on Friday for an #AI & Web3 Space with Michael Yung of @googlecloud ⏰ June 28 at 11am HKT 🔗 x.com/i/spaces/1MnxnMDMNrXJO 👧 Host: @anniiii__ of @rss3_ with @openinfo_

Solana Devs: It’s Solana Summer. You now have *two* new tools to build entirely new awesome products: ZK Compression & Solana Actions The best way to predict the future of Solana is to build it. Now is the best time to start. Links to the opensource repos below

Media getting on board: bloomberg.com/news/articles/… This article mentions "semi-public markets", and the EQT project to create what they call "private IPOs". EQT CEO Christian Sinding is the source of the observation that IPOs don't have natural buyers

SEC versus crypto: youtu.be/vxnpY0owPkA?si=WrZR… via @YouTube

Very good point that I missed. The "90% of stablecoin transactions are fake FROM BOTS" didn't make any sense. "90% of transactions are between traders WHO USE SOFTWARE" makes a lot more sense. Sure, those trades mostly net out to nothing much. But, those trades are the brownian liquidity that floats the real economy. The great catch is that the off-chain financial system has 96% "fake" transactions. The off-chain systems are higher volume and cheaper, so traders use them even more.

After spending the last few months visiting and speaking to many of the largest central banks, commercial banks and financial market infrastructures, across the world's top financial centers of New York, London, Sydney, Singapore, Hong Kong, Riyadh and now Dubai/Abu Dhabi, it is now clear to me that the transition of the global financial system into the blockchain/smart contract format, enabled by oracle networks, is well underway and in my opinion, inevitable. youtube.com/watch?v=pe8LXvmh…

can we be done with points now?

We're preparing a release for Tron to serve holders of $56B in stables. Today's post from @MessariCrypto shows the opportunity and challenges. Tron revenue and asset value look good. DeFi activity is small, reported as $11M in DEX trading on $8100M in TVL. Can we work with the @trondao community to find a DeFi channel?

Yes that is a good approach to building capitalization and commitment. The whole thread is worth reading.

1/Bitcoin has fallen over 15%, ETF flows look soggy, and the macro backdrop continues to instill uneasiness. DeFi, however, just witnessed its best quarter in two years. Let’s take a look at the State of DeFi:

If you are in AI, pivot to RWA