JOE KursJOE

Spent 30min going thru the $JOE (ETH) content library Very convinced this is undervalued by a factor of 10 minimum The second half of the year will be fun

𝐓𝐡𝐞 𝐓𝐫𝐚𝐝𝐅𝐢 𝐅𝐨𝐫𝐤: 𝐖𝐡𝐚𝐭’𝐬 𝐓𝐡𝐞 𝐏𝐥𝐚𝐲𝐛𝐨𝐨𝐤? The GENIUS Act was signed this month and is already forcing a choice. It defines what qualifies as a digital dollar, backed by Treasury bills, overnight repurchase agreements (repo), or cash. This is the new structure, and institutions are already adapting. Are you? Well, Ondo already deployed capital, along with BlackRock, Franklin, and Superstate. The fork has been created. Where is it going? ---- 𝗪𝗵𝗲𝗻 𝗜𝘁 𝗪𝗮𝘀 𝗔 𝗦𝗽𝗿𝗲𝗮𝗱𝘀𝗵𝗲𝗲𝘁 Previously, there was a treasurer's script. You park the cash, call the dealer, settle in T+2, and update your spreadsheet. It worked, and the yield was safe, but the process wasn’t built for real-time finance. Now, the same exposure settles onchain within seconds, with visible collateral and a transferable token. If you want to loop it into a DeFi position, you don’t have to off-ramp. All you do is transfer the token. This is how we wanted it to be, but here we are now. ---- 𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗬𝗼𝘂'𝗿𝗲 𝗨𝘀𝗲𝗱 𝗧𝗼 Stablecoin Issuers barely yielded as Treasuries did. In 2023, we contemplated how TradFi money would move the market because our system cycle wasn't working any longer. The narrative shifts disappeared, and all we had left was 2024 memecoin mania. But now that Web2 money has entered Web3, how would you capitalize on it? ---- 𝗧𝗵𝗲 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗩𝗮𝘂𝗹𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 This is the market you should keep your eyes on. BlackRock’s BUIDL crossed $2.4B across seven chains. Franklin’s BENJI is holding over $430M, with a large share on Stellar after VeChain integration. Ondo’s USDY passed $680M. OpenEden’s TBILL is at $190M. Matrixdock’s STBT is at $10M. Superstate’s USTB has grown to $650M and is expanding into tokenized equities. Janus Henderson’s JTRSY is at $408M. Centrifuge’s JAAA CLO strategy crossed $1B. Maple Finance’s Cash Management vault offers yield in USDC and USDT with daily liquidity. With all this information, what do you do? ---- 𝗣𝗶𝗰𝗸 𝗔 𝗦𝗶𝗱𝗲, 𝗙𝗲𝗲𝗹 𝗧𝗵𝗲 𝗚𝗮𝗽 If you can match the money, trade it. If you can't, here's what you should do: 1. Bridge where vault tokens launch first and farm the on‑ramp incentives. @SeiNetwork integrated USDY last week and seeded liquidity with fee rebates and token rewards. That is, 4.25% APY from its treasury backings, 6% for early LPs. You can: • Bridge USDC, • Swap into USDY, • Supply to the Sei liquidity pool, • Un‑bridge after the incentive cycle. Net return combines the embedded Treasury yield with chain rewards. 2. Pair vault tokens with stablecoins on Base and earn dual yield. BUIDL–USDC on @AerodromeFi pays 2% trading fees and 4% AERO emissions. Capital requirement is whatever you are comfortable providing as a 50‑50 pair. Impermanent loss risk is low because both sides track the dollar. 3. Supply mUSD on Mantle Fusion. @Mantle_Official wraps USDY as mUSD. Current supply rate is at  5.1% APY. Rewards are paid in MNT. 4. Supply TBILL and BENJI, and Arbitrum @arbitrum hosts TBILL on Trader Joe and a BENJI pool on Camelot. Early depositors receive protocol tokens plus the underlying yield. Even 3‑figure positions qualify for proportional rewards. 5. Capitalize on crosschain arbitrage spread. New vault tokens often list at discounts on the chain they launch. USDY is priced at $0.998 on Sei and $1.000 on Ethereum. That creates a 0.2% spread. Buy on the discount chain, bridge, and redeem or sell on the premium side. Gas on Base and Sei keeps breakeven low, so even a $200 clip clears profit. ---- 𝗗𝗼 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗛𝗮𝘃𝗲 𝗧𝗼 𝗗𝗼 The fork is open. Idle stablecoins are losing position, and Treasury vault tokens are winning flow. GENIUS‑compliant vault tokens settle just as fast, and qualify as real collateral. Just make sure you do what you have to do. Thanks for reading!

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July 30, 2025, marks a monumental day for the crypto world: the 10th anniversary of Ethereum's launch. From its experimental beginnings as a "World Computer" to becoming the foundational layer of Web3, powering DeFi, NFTs, and countless innovations, Ethereum's journey has been nothing short of transformative. Yet, amidst the celebration of a decade of uninterrupted uptime, critical "warnings" about its scalability, decentralization, and legal standing continue to cast a shadow. A Decade of Decentralization: Ethereum's Uninterrupted Uptime & Innovations 🌐 In its ten years of operation, Ethereum has achieved a feat rarely seen in the digital world: flawless, non-stop uptime. As highlighted by Ethereum Foundation contributor Binji, unlike centralized giants such as Facebook, AWS, and Cloudflare that have experienced significant downtime, Ethereum has remained online continuously, enduring forks, crashes, market bubbles, lawsuits, hacks, and various internet dramas. This remarkable resilience is attributed to its robust, community-driven decentralized architecture, involving thousands of developers, stakers, researchers, and users worldwide. Over the past decade, Ethereum has powered billion-dollar innovations in decentralized finance (DeFi), spawned vibrant NFT subcultures, and implemented crucial upgrades like EIP-1559 and Proto-Danksharding to improve efficiency and scalability. The Unending Debate: Scalability, Centralization & Legal Scrutiny 🚨 Despite its impressive achievements, Ethereum continues to face significant criticism and "warnings" regarding its scalability and decentralization. Critics argue that Ethereum's base layer remains slow (around 13 transactions per second) and often unusable due to high gas fees, which can run into hundreds or even thousands of dollars during congestion. The reliance on Layer 2 (L2) solutions, while improving throughput, has also drawn fire. Analysts like Marty Party contend that many L2s are centralized sequencers that merely bundle transactions, calling into question Ethereum's true decentralization. Furthermore, ongoing legal uncertainties, particularly concerning unregistered securities, continue to pose a risk, with calls for clearer US crypto laws to define what is legally permissible. Future Frontier: Institutionalization, AI, & the Path Ahead for ETH 🔮 As Ethereum enters its next decade, its evolution is set to be shaped by several emerging narratives and challenges. Institutional adoption is rapidly accelerating, with major firms accumulating ETH for treasury strategies and the official approval of spot Ethereum ETFs. Joe Lubin, Ethereum co-founder, even anticipates a "decentralized supercycle" where Ethereum could become the core of a new global financial system, potentially surpassing Bitcoin in value. The integration of AI with Ethereum is another frontier, with AI agents poised to automate DeFi actions and become economic actors. However, to truly fulfill its vision as the "world's computer" and maintain its dominance, Ethereum must effectively address its persistent scalability challenges, decentralization concerns, and navigate complex regulatory landscapes, ensuring it continues to evolve without compromising its core principles. Conclusion Ethereum's 10th anniversary marks a decade of groundbreaking innovation, unparalleled uptime, and transformative impact on the digital world. Yet, this celebration is interwoven with ongoing "warnings" and debates regarding its core principles of scalability and decentralization, as well as its legal standing. While institutional adoption and future integrations with technologies like AI promise continued growth, the ability of the Ethereum community to effectively address these criticisms will be paramount. Ultimately, Ethereum's continued dominance hinges on its capacity to evolve and deliver on its promise of a truly decentralized, scalable, and accessible global computing platform, navigating the challenges that define its next chapter. Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.