Building Products You Wish You Could || Co-Founder and CEO @PPNLabs
Washed
Joined February 2022
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Everyone comparing putting a trade on a prediction market for which team wins a game to options in financial markets simply does not understand derivatives.
They have an actual purpose beyond 0dte gambling, futures for example, were created so commodities merchants can lock in their sale price.
Not for you to long memecoins on 100x leverage.
The main use case for predictions markets is in fact gambling.
The VC brain can't comprehend $BTC
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
A launch were really excited for yet another fund coming live, this time extremely limited capacity HFT facility with pretty outsized returns.
Enigma ONE has arrived on Syntetika.
Managed by Hilbert Capital, the USD-denominated fund gives access to Enigma’s high-frequency trading strategy.
Deposits are now open.
app.syntetika.io/vaults
Bernardo retweeted
Enigma ONE opens on Syntetika on 6 October.
A market-neutral statistical arbitrage strategy, managed by @HilbertCapital
Deposit ETH, cbBTC, WBTC or USDC on Ethereum mainnet, get oneUSD. $5M cap at launch.
Happy to Join the spaces and thank you to the @SparklingAI team for the invite! Good luck with the launch it's gonna be great!
xitter.gq/i/spaces/1nJOLQOqwqrxR
Bernardo retweeted
BitcoinYield 5-minute explainer: @Syntetika's hBTC vault
cbBTC in, hBTC receipt back, Hilbert's BTC Basis+ run off-chain, NAV-priced, 1–3 week exits.
Syntetika's hBTC showed a 10.93% APY as of today. Most of that comes from a temporary campaign paid in cbBTC.
Read our full report: bitcoinyield.com/product/syn…
Proud to help bring products like this to market.
There is so much more coming.
The future of onchain finance looks very exciting with more and more great asset managers looking to bring their funds onchain.
📰 Latest Research Report: @Syntetika and its hBTC vault on @base.
Deposit cbBTC and receive hBTC, a token representing your share of the vault.
Quick Highlights:
• Launched 37 days ago
• 163.08 cbBTC in the vault ($14m)
• 11.61% current APY
• Majority is initial incentive campaign
@HilbertCapital manages the underlying basis, funding, options and collateral strategy. Its Basis+ fund reported a 20.18% net return in BTC terms for 2025, although hBTC has a much shorter track record.
Our report examines how the return works, the custody and fund structure, fees, redemptions, audits and the remaining verification gaps.
Read the full Syntetika hBTC review: bitcoinyield.com/product/syn…
Bernardo retweeted
📰 Latest Research Report: @Syntetika and its hBTC vault on @base.
Deposit cbBTC and receive hBTC, a token representing your share of the vault.
Quick Highlights:
• Launched 37 days ago
• 163.08 cbBTC in the vault ($14m)
• 11.61% current APY
• Majority is initial incentive campaign
@HilbertCapital manages the underlying basis, funding, options and collateral strategy. Its Basis+ fund reported a 20.18% net return in BTC terms for 2025, although hBTC has a much shorter track record.
Our report examines how the return works, the custody and fund structure, fees, redemptions, audits and the remaining verification gaps.
Read the full Syntetika hBTC review: bitcoinyield.com/product/syn…
Bernardo retweeted
You think equities onchain are interesting. Just wait for bonds.
As a former bond trader, this is the one I’m really excited about.
And not just US Treasuries. Gilts, bunds, emerging market sovereigns, corporate credit, the whole yield curve. Then eventually rates and credit derivatives.
Bonds are also just much better collateral than equities. Government bonds make up more than half of the initial margin posted for non-cleared derivatives in TradFi. They’re liquid, they yield and they don’t move as much as equities.
Crypto has already found real PMF for DeFi in borrowing, lending and collateral. Putting a much wider range of bonds onchain makes all of that more interesting.
It also massively increases the amount and variety of high-quality yield available to consumers.
Onchain bonds are going to be fun.
It's weird that if you spend 5 years telling people they won't have jobs, the economy will be ruined and they'll be in the permanent underclass they get scared and stop trusting you.
Asset managers only care about how much AuM you can get them.
Risk Underwriters only care about having investor protections and liquidity.
Regulators only care about your compliance standards.
If you don't make the first 3 happy you're not going to get the allocators you want.
Bernardo retweeted
We have been waiting...
While we waited, we prepared an arsenal of ve33 to ensure that $fBOMB becomes into the behemoth it is meant to be and beyond
Meta dexes are now prepared for the new economy
Are you ready??
Discussing changes in tax policy without changes in fiscal policy is akin to believing in Santa Claus
Bernardo retweeted
This might be the highest BTC yield currently
xitter.gq/Syntetika/status/20894…
10.8% APY for holding hBTC
Is there something better than BTC yield?
Campaign Rewards & BTC Basis+ strategy returns.
See it yourself: app.syntetika.io
Bernardo retweeted
We're also running an incentive campaign on Merkl. This brings the total yield to 10.8%.
app.merkl.xyz/opportunities/…
X for you page is the worst algorithm imaginable.
The sheer amount of ai slop, straight up porn, or revolting shit in there is crazy.
X algorithm is ruining this platform for me.
Only in following is it actually okay cus I made sure not to follow slop accounts
Only the beginning.
@PPNLabs is honored to be part of the team and working with intelligent professionals, looking to bring quality financial products to the market.
Over $9M in deposits in under 72 hours, exceeding our expectations for the launch.
A strong start, on the shortest window any cohort will ever have.
Cohort 2 is open now. Next cutoff will be in 14 days.
Deposit at app.syntetika.io/vaults
Bernardo retweeted
Ember Protocol x Syntetika
We've partnered with @EmberProtocol on the infrastructure behind our vaults. Over 100 million dollars of assets run on their platform across multiple networks.
The full story 👇
syntetika.io/blog/syntetika-…
Bernardo retweeted
Tokenised yield products get talked about like they're one thing. They're not.
The structuring choices - what backs the yield, how it's distributed, what the redemption mechanism is - matter far more than the fact it's "on-chain."
On-chain is the wrapper. The structure is the product.