Secondary markets for tokenized funds are expanding on both sides of finance. DeFi protocols already enable trading of tokens giving exposure to institutional assets. Now regulated venues are opening up too. Hong Kong just approved 24/7 trading for tokenized public funds. scmp.com/business/banking-fi…

Keep the Friday close. Read the weekend. Weekend markets carry information about Monday. Read them across venues, weighted by depth, inside a band. When they break it: - tighten LTVs - pause new borrowing - flag positions at risk Liquidations wait for a real market price.

financial plumbing for machines

aave just turned tesla and nvidia into defi collateral. the oracle takes weekends off. live since friday on base. 7 coinbase tokenized stocks, borrow usdc against them. here's how i'd actually use it 1. discovery what went live: - aapl, amzn, googl, meta, msft, nvda, tsla (the coinbase b20 tokens) - collateral only. you deposit stock, you borrow usdc, that is the whole product - collateral factors 65-79% depending on the ticker - caps are small on purpose: ~$29m collateral, $32m usdc supply, $21m usdc borrow - non-us only, issued offshore, no us securities registration you cannot borrow one stock against another. cross collateral is off. 2. research before you size anything, go read the feed schedule. chainlink's tokenized equity feeds publish sunday evening to friday evening et. outside that window the feed holds friday's close. no heartbeat off hours. the contract still answers you, it just answers with a stale number. so the token keeps trading on aerodrome all weekend while aave values it at friday close. someone measured this properly back in august across 4 aerodrome usdc pools: every weekend gap came in under 0.6%, with ~$6m displayed liquidity and ~$7m of 24h volume. tight spreads, but that is $6m of depth, not $600m. what i look for before depositing: - whether that ticker has earnings inside my loan window - pool depth for the specific token i'm holding, not the basket - my liquidation price measured against friday close, not against the live dex price 3. execution how i'd open it: > deposit on base, borrow usdc, keep the first one small - start at half the max ltv. 79% available does not mean 79% used - on a 70% collateral factor, borrowing at 35% leaves room for a 50% drawdown - borrow the usdc and park it. do not lever it into a memecoin on friday afternoon - write your liquidation price down before you close the tab skip rules: - skip any ticker with earnings before your next check in - skip max ltv on anything that isn't msft or aapl - skip opening fresh friday after the close. you are flying blind until sunday evening - skip the whole thing if you can't look at the position monday morning 4. management monday open is the event. the rest is waiting. - friday: deleverage before the close, not after - weekend: the number on your dashboard is not a live price - sunday evening: feed wakes up, your real ltv shows up with it - monday: if the stock gapped down 8% overnight, your ltv moves 8% in a single print there's no slow bleed into liquidation here. it arrives as a jump. risks worth saying out loud - this market is one day old, small caps, fresh risk params, no track record - stale oracle plus thin weekend liquidity is the core problem, everything else is detail - dividends auto reinvest after fees and withholding, splits go through an onchain multiplier. corporate actions are a brand new surface onchain - offshore issuer, non-us only. know what you actually hold - aave v4 hub and spoke is new code carrying this the main takeaway: your ltv on friday is not your ltv on monday, and the difference lands as one print instead of a slide you can react to. size for the gap, not for the spread. want a part two after monday's open, with where the ltvs actually landed and whether anything got liquidated?

Seda + Peaq settlement = ontos Verify.

Infrastructure for markets. Dropped the global, it's cleaner. Btw.... 5 days later...it's now $64.4B in cumulative volume YTD.

Global markets on SEDA include robot task verification. Watch @OntosWorld set the task, the machine complete the task, SEDA verify the task and settlement take place on @peaq

“10 years from now, there could be well over 1 billion humanoid robots” — Elon Musk SEDA= Verification layer for robotic tasks @peaq= Blockchain for machines Ontos= Machine understanding of physical environments