Here's what banks don't want you to know: Money markets out

Here's what banks don't want you to know:
Money markets outperform savings accounts
Stablecoins move faster than wire transfers
DeFi works on holidays
The emperor has no clothes
Time to build the future

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LexSokolin

@LexSokolin

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What I like about Web3 - DeFi - Stables - DePIN - DeGPU and DeAI - Capital markets for Digital Art - The people making new systems What I don’t like about Web3 - CrimeFi - InfoFi - SocialFi - GameFi - Memes - inflation tokenomic games - bridges - The people abusing systems

Great time today at @proofoftalk with @StakeCapital @coinfund_io and @swissborg People still interested in the realities of DeFi. These days I mostly recommend @aave @SkyEcosystem and @ethena_labs The real attention though was on the @bittensor_ event before us. Super hot.

We are entering the age of a new machine economy. Humans, software machines, and our ever-evolving hybrids are connected through fintech financial networks and anchored to blockchains.

Remember when banks said crypto was dangerous? Now they're working with regulators to let them issue stablecoins Funny how that works

Look Banks had a monopoly on money for 100 years Now? 💵Stablecoins process $10T annually 🏦Money markets yield 4%+ ⏱️DeFi never sleeps The game changed No more: • 0.01% savings rates • 3-day ACH transfers • Predatory overdraft fees • Legacy tech stacks • Regulatory capture Either innovate or evaporate The future is permissionless

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Here's what banks don't want you to know: