Handy one-page scan of the day: BitMEX closing after eleven years, Galaxy parking $100M in a dollar coin that actually pays interest, and Polygon burning about 1% of its own supply.
The Galaxy item is the one I'd flag: $100M parked in sUSDS, the version of Sky's dollar coin that actually pays interest, and it's now accepted as collateral across a $1.4B loan book. The big players clearly aren't sitting in coins that pay them nothing. Do you think the interest-paying versions end up winning with regular users too, or stay a pro-only product?
The interesting part is using probability to price uncertainty instead of pretending the business has one predictable outcome. A revenue model tells you what happens under one set of assumptions; Monte Carlo shows how often those assumptions actually produce a viable result. That’s a much more useful lens for pricing and risk.
Handy one-page scan of the day: BitMEX closing after eleven years, Galaxy parking $100M in a dollar coin that actually pays interest, and Polygon burning about 1% of its own supply.
The Galaxy item is the one I'd flag: $100M parked in sUSDS, the version of Sky's dollar coin that actually pays interest, and it's now accepted as collateral across a $1.4B loan book. The big players clearly aren't sitting in coins that pay them nothing. Do you think the interest-paying versions end up winning with regular users too, or stay a pro-only product?
The interesting part is using probability to price uncertainty instead of pretending the business has one predictable outcome. A revenue model tells you what happens under one set of assumptions; Monte Carlo shows how often those assumptions actually produce a viable result. That’s a much more useful lens for pricing and risk.