The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 70 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Forman: Decentralized crypto index products have limited product-market fit
“And I think if you think about that category today, it's grown quite a bit, but it still has, I would say, limited product market fit.”
Forman: Crypto index demand is low because investors seek 100x upside
“There hasn't been as much demand for people that want to buy index funds in crypto. People want to pick tokens and catch the next a hundred X.”
Forman: Crypto insurance struggles because capital is risk-seeking, not risk-mitigating
“Most of the capital in crypto today, it has been more risk seeking rather than focused on risk mitigation. So insurance is still kind of finding its legs.”
Forman: Crypto assets correlate in downturns but diverge over long horizons
“I think what we've seen is in crypto, when the market trades down, everything trades down. And then when the market trades up, things tend to kind of diverge. So over short periods of time, you tend to have a lot of convergence or correlation. But over long pe…”
Forman: Quoted DeFi Yield Farm APRs Often Mask Illiquidity and Lockup Risks
“When you really dig into these stated returns in yield farms, one, there isn't always the right disclosure around the risks that you're taking, but also a lot of time the return is coming in the form of a token that may not have liquidity, and there may be loc…”
Forman: Price is rarely a leading indicator of fundamental progress in crypto
“Price is rarely like a leading indicator for fundamental progress and traction.”
Forman: Blockchains Account for 50 Basis Points of Global Assets
“Blockchains are three trillion dollar asset class. Total assets globally are 600 trillion. So it's 50 bips of global assets.”
Forman: 70% of All Bitcoin Has Not Moved On-Chain in a Year
“And 70% of all Bitcoin Has not moved on chain in the past year.”
Forman: Memecoins Make Up 5% of Total Crypto Market Capitalization
“So today meme coins are five percent of total crypto market cap.”
Forman: Stablecoin Supply and Wallets Grew 40% to 60% Annually Over Five Years
“The number of wallets sending and receiving these and the number of stable coins outstanding have both been compounding at 40 to 60% per year for the past five years.”
Forman: Tokenized Gold Market Capitalization Has Reached $1.5 Billion
“Tokenized gold is now billion and a half dollar market.”
Forman: Polymarket Facilitated Nearly $3 Billion on 2024 Presidential Election
“So Polymarket, which is built on a blockchain, facilitated, I think, close to three billion dollars on the U.S. Presidential election.”
Forman: Polymarket Drives $500M to $1B Monthly Volume Across 75K Wallets
“So one is Polymarket is doing about, call it, five hundred million to a billion dollars a month of volume across its markets. And this is across roughly 50 to 75,000 active wallets.”
Forman: Aave Has Almost $30 Billion Deposited and $10 Billion Borrowed
“Aave, as an example, now has close to thirty billion dollars of capital deposited in its platform and single digit billions, maybe perhaps over ten billion today now borrowed.”
Forman: Financial markets are the world's greatest game-theoretic experiment
“What I came to realize was there was no greater game theoretic experiment in the world than financial markets. It was the most complex and there was also the most on the line.”
Forman: Uniswap has surpassed one trillion dollars in lifetime trading volume
“Uniswap, for example, just passed one trillion dollars of trading volume since inception. It launched a few years ago.”
Forman: Crypto Represents Roughly 20 Basis Points of Global Assets
“Crypto today is about 20 basis points of all global assets. So it's a trillion and a half asset class. Global assets are roughly 600 trillion.”
Forman: Fiat-Backed Stablecoins Account for About 75% of Stablecoin Market
“So of the two hundred billion, about a hundred and fifty billion are fiat backed stable coins. The largest one is Tether. The second largest one is USDC, and then there are longer tail of others.”
Forman: Nexus Mutual holds $400M capital pool with $20M annual premiums
“Within Nexus Mutual, there's this capital pool that pays out claims. There's roughly four hundred million dollars in the capital pool. There's roughly twenty million a year of annualized premiums being paid in”
Forman: MakerDAO pays roughly $40M annually across 50 core units
“So a network like MakerDAO has something on the order of 50 different core units that are each responsible for the finance and accounting of the DAO,
The growth marketing strategy of the Dow, the core engineering services, and they all have to apply to the Dow…”