DeFi Dave (@defidave) header
DeFi Dave (@defidave) profile picture

Cherry Blossom Enjoyer. Founder Mode @UFGDeFi Co-Host @FullyVested_Pod Manifesting @ETHBushwick Creator of https://xitter.gq/t.co/E6KFeIpPjN Always Doing Things.

NYC
Joined January 2011
Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)Photo by DeFi Dave (@defidave)
Want to know if a spot is owned by private equity? I made this to help you find out. isitownedbyprivateequity.com
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You know AI is Jewish because it finds loopholes and exploits them (complimentary)
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DeFi Dave retweeted
this cat looks like he pays his taxes, respects personal boundaries, and says good morning to everyone
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Indexes are the next frontier for stock tokens and will have their potential fully unlocked in Sovereign Treasury form 🏛️ Here are a few ideas for some 👇 🐱 MEOW (Cat Coin Acronym)- META, ORCL, EWY, WULF 👨 THIEL (Peter Thiel Companies) - META, PLTR, PYPL 🌕 MOON (Machines, Orbital Operations & Newspace) - SPCX, RKLB, LUNR, ASTS, PL 🦥 SLOTH (Laziness) UBER, NFLX, DASH
One of the coolest part of our integration with @adeepabyss is that you can now launch Sovereign "Index" Treasuries and actually get creative with stock tokens. Here's step by step how 👇 1) Go to app.abyss.trading/launch/new and select “Connect wallet" 2) In 01 Protocol, select “UFG” 3) In 02 Launch type, select “Advanced” 4) In 03 Market, select “Add pool” and fill out the fields with the desired quote asset 5) In 04 Fees, select your desired launch mcap 6) In 05 Launch, fill out the fields on the rest of the page 7) Select Launch at the bottom of the page and confirm the transaction
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$UFG is a green project building on Robinhood the green chain. Nice. xitter.gq/Fibonacci69/status/211…
DeFi Dave reveals why he is super bullish on the Robinhood Chain "Five years ago, we had GameStop; the democratization of retail participants, and they blew the shorts. Retail had their moment" "I view Robinhood Chain as the continuation of that story". "Instead of dealing with what happened before, the clearing houses shutting down and people unable to trade; with Robinhood Chain, stocks trade 24/7" "The issues that plagued Robinhood during the GameStop fiasco won't happen with Robinhood Chain" "Whenever the next GameStop or WallStreetBets moment happens, Vlad wants it to happen on Robinhood Chain" "He has stated he wants to connect Robinhood Chain directly with the Robinhood app" "Once you give Robinhood users the proper way to use apps on Robinhood Chain, that's when the magic really happens".
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Latest push: enhanced link previews for easier sharing
Replying to @defidave @ktrivs
Woahh this is sick
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Stablecoins mentioned. I have been saying this for years but to repeat myself the ability to transfer the holding of debt from nation-states to individuals via stablecoins is the biggest godsend American power expression worldwide can ask for.
The benefits of abundant intelligence will accrue far outside of San Fransisco. Spent the last year writing about capital, sovereignty, and the coming reordering of economic power. THE COMMANDING HEIGHTS Commanding-Heights.com
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The age of bootstrapped projects is here and it couldn’t be healthier for onchain markets. Instead of price discovery happening privately and then dumping at launch. Everyone has a chance to get in early on projects they believe in.
DeFiDave claims crypto has come full circle since all the VC money left for AI and launchpads took over. "We've come full circle in crypto because it went from price discovery happening in the private markets, and all the VC money left crypto for AI and other industries. And now you have launchpads taking off, no pun intended. And you're seeing a lot of projects launch on launchpads." "And it's a lot more honest. You have us at UFG, you have Orbio, you have a ton of these projects that are launched. And price discovery is happening out in the open. Access to these projects is free and much, much more egalitarian. And so I'm happy we've come back to our senses." "I think people should just do whatever they're passionate about, whether it's crypto, AI, or robotics. It doesn't even matter if it's a bull or bear market; if you're interested in an industry that you're curious about, just go ahead and do that. You'll be fine. That's my advice."
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DeFi Dave retweeted
.@defidave shares what he thinks @RobinhoodCrypto could bring to its main app as it expands access to on-chain markets... From 24/7 stock token trading to launchpads and private equity, Dave sees an opportunity to bring new financial products to everyday retail users He believes early-stage onchain games and broader access to private companies could be key parts of Robinhood's next phase “While the new games are still not figured out and they're still PVE, that would be a great opportunity for Robinhood to bring those games to the main app.” “That's what Vlad and his team at Robinhood is trying to figure out.” robinhood:0xefab538cf3c29237a47c6afb145d50ddf204a0a3
Today on MCG $UFG | @ufgdefi w/@defidave UFG is pioneering the Immutable Treasury that locks in a permanent onchain backing for every token and community Highlights include: 02:02 - Robinhood Chain is the GameStop story, stocks trade 24/7 03:04 - Vlad wants the Robinhood app connected to the chain 04:06 - Retail needs fairer launches before it joins 06:32 - New games are PvE, ready for the main app 09:38 - Options are next, “Hyperliquid of options” 11:40 - UFG mission: every token backed by an immutable treasury 12:42 - Burn to redeem, “slow burn” raises the floor 13:42 - Treasury 87-88 ETH, 2 months after launch 14:02 - Abyss: any token launched gets its own treasury 17:26 - Revenue: part of treasury fees go to UFG 18:27 - Pons as app store, “launched with UFG” coming 19:09 - Not a launchpad yet, own one planned 20:11 - Premium over NAV is social capital 22:13 - Partners and collabs, @adeepabyss , @fraxfinance, @ponsdotfamily 23:36 - Next: DEXs, order books, options 24:58 - Zoom out, chain will rival Solana 25:55 - Closing Takeaway
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You’ve been heard loud and clear! Latest update to isitownedbyprivateequity.com now includes LA and the Bay Area among the progress made in the past 24 hours: - Places mapped: 13,638 in total. NYC is 6,026 (up from 5,167), the Bay Area is 4,704 across 9 counties, and LA is 2,908. - NYC places: 872 added and 13 confirmed closed and removed. New places from Overture map data: 960 in NYC, 732 in the Bay Area and 466 in LA. - Open status in NYC: 4,421 places confirmed open using the city's inspection data. - NYC ownership records: 1,284 places now show who holds the state liquor license, and 675 of those license holders are confirmed active companies in state records. - NYC public companies: 1,415 places across 35 brands. - Ownership updated: at least 15 brands, including Stumptown, 85°C, Charleys, Randy's, Breads, Yogurtland, L&L Hawaiian, and the five brands in the former FAT Brands group. Working on: - Getting more restaurant data to improve accuracy. That includes finding more sources and creating a gamified submission process experience. - Starting a newsletter for deeper dives and updates (it’s already live at isitownedbyprivateequity.sub… if you want to subscribe). - Deciding which industries to cover next. Onwards!
Replying to @defidave
need this for LA and SF tbh
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Insane thread.
thread of headlines from newspaper archives about people with the same names as future famous people!!!!
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I should get a cat
Today is National Cat Day.
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DeFi Dave retweeted
DeFiDave says $UFG wants every Robinhood Chain token backed by an immutable treasury so memecoins outlive the hype. "UFG, United Founders Group, we have one mission right now: we want every single token on Robinhood Chain to be backed." "With a lot of memecoins and a lot of creator coins, what have we seen? We see them get a lot of attention at first. But once the hype dies, the attention dies, and the token inevitably dies with it." "So what if you took that trading volume, instead of going to the team or insiders or bundlers, and it went to a backing that everybody in the community can access? That's what we've created with this immutable treasury. So it can never go to zero. There's always something backing it."
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DeFi Dave retweeted
Builders gunna build. MCAPS gunna follow.
Fair token launches need fair token backing in order to be successful long-term. That's why we're building Sovereign Treasuries at UFG so every community can have a permanent floor and have all their members equally share in its success. Founders Rise Together.
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DeFi Dave reveals why he is super bullish on the Robinhood Chain "Five years ago, we had GameStop; the democratization of retail participants, and they blew the shorts. Retail had their moment" "I view Robinhood Chain as the continuation of that story". "Instead of dealing with what happened before, the clearing houses shutting down and people unable to trade; with Robinhood Chain, stocks trade 24/7" "The issues that plagued Robinhood during the GameStop fiasco won't happen with Robinhood Chain" "Whenever the next GameStop or WallStreetBets moment happens, Vlad wants it to happen on Robinhood Chain" "He has stated he wants to connect Robinhood Chain directly with the Robinhood app" "Once you give Robinhood users the proper way to use apps on Robinhood Chain, that's when the magic really happens".
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Build a better system that benefits all instead of a few. $UFG
DeFi Dave breaks down what UFG is about and how it will help the liquidity on the RobinHood chain "We want every single token on Robinhood Chain to be backed" "When UFG launched, trading fees weren't directed to a creator, insiders, or bundlers. They go straight into the treasury" "The token is your key to redeem the treasury. You execute a redemption, that supply is burned, and you get your share" "I call it the slow burn. Instead of an automatic mechanism, the community decides when to burn tokens. Token supply goes down, and the permanent floor goes up" "With most meme coins, once the hype dies, the token inevitably dies with it. This ensures there's a floor so it can never go to zero" "Instead of dumping on the market to access capital, teams burn tokens to redeem the supply from the treasury. That’s much more bullish"
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DeFi Dave breaks down what UFG is about and how it will help the liquidity on the RobinHood chain "We want every single token on Robinhood Chain to be backed" "When UFG launched, trading fees weren't directed to a creator, insiders, or bundlers. They go straight into the treasury" "The token is your key to redeem the treasury. You execute a redemption, that supply is burned, and you get your share" "I call it the slow burn. Instead of an automatic mechanism, the community decides when to burn tokens. Token supply goes down, and the permanent floor goes up" "With most meme coins, once the hype dies, the token inevitably dies with it. This ensures there's a floor so it can never go to zero" "Instead of dumping on the market to access capital, teams burn tokens to redeem the supply from the treasury. That’s much more bullish"
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DeFi Dave retweeted
.@defidave explains how $UFG is building a new model for token backing on Robinhood Chain. @UFGDeFi Immutable Treasury redirects trading fees into an ETH-backed treasury that token holders can redeem their share of by burning tokens. As the treasury grows and supply gets burned, the backing per remaining token increases. With 87–88 ETH already in its treasury, UFG aims to bring this model to more tokens through integrations like @adeepabyss
Today on MCG $UFG | @ufgdefi w/@defidave UFG is pioneering the Immutable Treasury that locks in a permanent onchain backing for every token and community Highlights include: 02:02 - Robinhood Chain is the GameStop story, stocks trade 24/7 03:04 - Vlad wants the Robinhood app connected to the chain 04:06 - Retail needs fairer launches before it joins 06:32 - New games are PvE, ready for the main app 09:38 - Options are next, “Hyperliquid of options” 11:40 - UFG mission: every token backed by an immutable treasury 12:42 - Burn to redeem, “slow burn” raises the floor 13:42 - Treasury 87-88 ETH, 2 months after launch 14:02 - Abyss: any token launched gets its own treasury 17:26 - Revenue: part of treasury fees go to UFG 18:27 - Pons as app store, “launched with UFG” coming 19:09 - Not a launchpad yet, own one planned 20:11 - Premium over NAV is social capital 22:13 - Partners and collabs, @adeepabyss , @fraxfinance, @ponsdotfamily 23:36 - Next: DEXs, order books, options 24:58 - Zoom out, chain will rival Solana 25:55 - Closing Takeaway
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Thank you @jude_cramer and @FastCompany for covering isitownedbyprivateeqiuty.com so quickly and thoroughly! If you want to learn more about the lore and what my thought process was in making the site, check out the article here: fastcompany.com/91631481/thi…
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Something that has been a big theme in crypto is "breaking the ouroboros" and building products that take in external sources of revenue that fuel the onchain flywheel. @Collector_Crypt is doing just that through the world of collectables. What really struck out to me is how lindy that segment of the market is standing on decades of collectors from Pokemon to Sports Cards that cross generations. On this episode, @patfscott and I dive in to paint a picture of why they've been so successful and where they are heading next.
This DeFi platform for trading cards earned $100M+ in fees. In this episode of the @FullyVested_Pod, @defidave and @patfscott sat down with Dakota, the Head of Marketing for @Collector_Crypt. Collector Crypt lets users buy and sell tokenized trading cards. 0:00 Cold open 0:54 Intro 1:42 Behind Circle, Tether & Pump fun in revenue 2:20 The collection behind Dakota + Comic-Con 3:22 Ripmart: live shopping, tokenized 3:59 What is Collector Crypt? 5:09 Fixing the pain points of live rips 6:38 From Magic Eden mints to a card every half second 8:58 $20M to $60M+ of tokenized cards 9:36 Built by collectors 12:04 What tokenization fixes: 15% card shows, 13% eBay, import tax 15:11 The vaults: PSA, PWCC & Omni Vault 16:14 Collectors vs crypto natives 17:37 Believers vs speculators + instant buyback 19:10 50 API partners & white label 19:54 What people build on the API 22:24 Rebrand and going consumer retail 23:20 Shining Steelix: $17K vs $31K on eBay 24:40 Biggest challenge: name recognition 26:10 On DefiLlama: $18.5M in fees in 30 days 26:55 solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp tokenomics 27:53 Burns, points and the flywheel 29:30 The goal: $1B tokenized, coming after eBay 30:53 "Is it too late?" Pokémon vs crypto drawdowns 32:45 Why humans collect 33:25 Smash Bros & Pokémon Go nostalgia 34:56 Where to find Collector Crypt + the app
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