IgnasDeFi

Hopefully $BP finally exits accumulation and moons:
Thesis: if meme/tokenized stock narrative migrates to Solana, Backpack benefits as stock tokenization platform.
More issuance -> more arb opportunities -> more users to BP ->higher fees -> etc etc
BP has no rev share but still a fun play to look.

Hunting memecoins in the Age of AI seems... largely unchanged?
If you ask Grok to recommend memecoins to buy it will simply give tickers based on some past criteria (views, volumes, posts on X etc.)
I still believe that (organic) memecoin trading requires this human intuition on what can go viral.
Call it vibes or energy around it. The story that captivates degens. Or KOLs that suddenly to decide to shill it.
Being 24/7 online gives bigger advantage than casually asking AI what to buy once per day.
Or am I wrong and there are degens who print millions with AI but don't post on X not to dilute

Aave will launch on Arc basically day 1:
Interestingly, Aave DAO expects to earn at least $2m per year with Arc covering any shortfall for the first five years to protect the DAO during bootstrapping.
Good deal for Aave.

Trading memecoins is zero-sum and you should avoid them:
for someone to win there needs someone to lose. And if you add fees & slippage, memecoins are negative.
If you see huge realized profit for KOLs, you should equally think someone got equally rekt on that meme.
So KOLs, industrial snippers, MEV, platforms and perhaps LPs are winners while dumb money who listen to KOLs on X are the losers.
KOLs will still frame memecoins as positive sum as long as new money is entering crypto ecosystem thus they can go higher for longer (this is PvE vs PvP mentality). The collapse is just delayed.
Perps ar

Galaxy flipping from Abstain to 58% for YES puts the inflation reduction to passing at 67% FOR.
4 minutes and if it stays like this, the vote will pass!

You did it. You crazy son of a bitch, you did it.

6 hours left until the $SOL disinflation vote ends.
67.88% YES. Justtt above the 66.7% it needs to pass. Tight!
Not surprising that staking businesses are mostly voting AGAINST:
- @Figment_io 17M,
- @everstake_pool 8M,
- @P2Pvalidator 4.6M.
High inflation is their core busines.
So faster disinflation = less SOL issued = lower APY = harder to keep stake, and smaller operators go unprofitable sooner.
Solana's DAT 'Solana Company (HSDT)' voted Against, on timing : 'a critical moment for institutional adoption of Solana, and capital markets place heavy emphasis on maintaining consistent rules.'
In

Pudgy Penguins cooking something...?