PaperImperium

What weird or wonderful projects have recently launched that I might not have heard of?
RWAs, lending, payments, chains, bridges, DEXes, consumer apps, anything
More unique the better.

A governance token’s value is inversely correlated with its credibility as a means to hold management accountable.

“CDP stablecoins can’t scale”
It’s worth noting that 3/4 of USD money supply is CDP-generated dollars.
Chains that lack CDP stables that are at minimum integrated with, and at best fungible with, other stables and lending markets deprive themselves of an important form of stimulus.
Just as when I buy a Tbill in the real world, when I deposit USDC into a lending protocol, there is no expansion of the monetary base. Every dollar present on a chain has to be imported.
CDP stablecoins have not taken off on any chain besides Ethereum (and they’re stagnant even then).
This indicates a role for chain

You have taken a DeFi loans to:

With all the SBF astroturfing going on, it’s important to remember what the fraud was.
SBF said customer deposits were not lent out. This was untrue, he knew it was untrue, and it was in pursuit of financial gain.
Fraud. Insolvency was not the crime, and never was.

As we experience down prices, this is a good time to remember that price ≠ value.
At the end of the day, an investment is worth the sum of all income you can extract from it.
This means discounted cash flow (intrinsic value) +/- speculative premium/discount (extrinsic value)
I personally am a value investor, who underwrites only on the basis of intrinsic value. But it’s not illegal, immoral, or impossible to underwrite on the basis of future demand being higher than current demand.
Most crypto is, quite frankly, worthless. But not all of it - both from an intrinsic and extrinsic valuation fram

Are there any examples where tokenholders removed a founder, a foundation, or its board of directors?
I’ve been looking for precedent and this seems to be a theoretical possibility only? If you know of an example, please drop it below, with context.
Sushi maybe? Although I don’t think that was a removal as much as a resignation

Are there any examples where tokenholders removed a founder, a foundation, or its board of directors?
I’ve been looking for precedent and this seems to be a theoretical possibility only? If you know of an example, please drop it below, with context.

I won’t out them here, but met with someone from an upcoming RWA project today, and it was a refreshingly solid idea.
Where there’s one, there’s usually more, so hopefully 2026 will have a good crop of projects with clear usefulness and credible business plans.

Gov token prices seem to finally reflect that they’re the bottom of the food chain. Founders and foundations are the natural predators of tokenholders.
Tokenholders will always just be a source of free financing until they stand up for themselves

Gov token prices seem to finally reflect that they’re the bottom of the food chain. Founders and foundations are the natural predators of tokenholders.
Tokenholders will always just be a source of free financing until they stand up to founders and foundations.

That’s not a very good GDP print at 1.4% annualized. Especially with slightly higher PCE. If the previous quarter’s GDP print of 4.4% was accurate, that’s a really rapid slowdown.

Whether an AI created or contributed to some code really isn’t material. What it’s important is that there are review processes in place (which could include a different AI) prior to production.
If autocomplete changes an email’s message, our eyebrows don’t go up about autocomplete being used. We just say, “Well, I guess you didn’t read over this closely before hitting send.”
You could go further down the technology stack and think of typos that didn’t exist with handwriting for the same point, if you prefer.
Anyway, let’s find a more interesting topic to fill the timeline with.

Pro tip: You can turn off auto-play for videos. I did this a year ago and made the doom scrolling much less doomified. Text and thumbnails aren’t Michelangelo, but they’re better than short form video.

I feel like I do KYC for crypto more than I do for everything else combined. What are we even doing here?

Every simp post I see supporting SBF is unironically making the Gary Gensler case that people are too stupid to make decisions for themselves in crypto.

I think it’s a shame that DeFi got introduced to US and European banks before it got introduced to ASA, Grameen Bank, and Bandhan Bank.

Downhill skiing shows speed in mph. I wish they’d do that for luge/skeleton/bobsled where they seem to be going very fast