Was just going through @capmoney_'s docs.

This is probably the first time I’ve seen something that looks like an AVS stablecoin.

Suddenly, my math brain is interested. A thread of my observations. 🧵👇

https://twitter.com/capmoney_/status/1925928875000742390

Why are they building this? I think it's because:

- USDC and fiat-backed stables have zero native yield and off-chain custody risk

- sDAI and USDS depend entirely on T-Bill rates

- Ethena is effectively delta-neutral (?)

- crvUSD is collateral-efficient but yield-absent

Most stablecoins either depend on TradFi or internal incentives.

@p2pdotme lets you spend crypto like it’s UPI, and yes, that's illegal. Let me explain.

You scan a QR, approve on MetaMask or Rabby, and the merchant gets INR.

But no one talks about how the INR gets there (hint: offshore transactions and hawala).

Let’s break it down. 🧵👇 Here’s how it works, step by step:

→ The protocol checks your reputation via ZK proofs.

- You scan any UPI QR code at a shop.
- The app prompts a USDC payment on Base.
- You approve it using MetaMask, Rabby, or similar.

- Your USDC goes to a smart contract on Base.
- The contract verifies and escrows the funds.
- That onchain event fires an offchain API trigger.

→ The API alerts an Indian bank account.
→ That account sends INR to the merchant via UPI.
→ Smart contract releases USDC to a liquidity provider.

Loop closed.

The real winner of the U.S. election is not Trump or Kamala. - It’s @Polymarket.

In 2024, $5.1 billion in political bets were placed on the platform — GDP-level cash, equal to the Maldives' economy.

This thread is stacked with numbers, insights, and the story of how Polymarket stole the spotlight. 🧵👇 So, what is Polymarket? If you haven’t heard of it, you’re about to.

It’s the biggest prediction platform built on Ethereum L2 @0xPolygon, backed by some of the sharpest minds in tech like Vitalik Buterin, Peter Thiel, and Balaji Srinivasan.