⬡ data spinner ⬡ silo disrepectoor ⬡ stakeholder in the backbone of the Global Financial System ⬡ p̵l̵a̵t̵f̵o̵r̵m̵ Protocol Economy explainoor ⬡
Joined September 2016
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Since everyone is so concerned about Chainlink's fees - lets see where fees accrue in this example DTCC workflow -
> ethereum (but could be any chain) - whatever current gas fee is to lock token on mainnet (1 gwei is currently $.004 and scheduled to go lower)
> DTCC Besu Based AppChain - ZERO gas fees
> Chainlink - $.14 $LINK orchestration fee
Replicated across txs that exceed $20T daily.
There are a thousand public chains
There are hundreds of private chains
All locked in a gas race to zero
Abstracted and Orchestrated with the all the real-world's offchain systems and data by Chainlink.
There is only one $LINK.
the token not needed meme is low IQ bait. The worlds institutions are not hoarding gas tokens just to use public blockchain. Chainlink nodes do not accept anything execpt $LINK for providing Chainlink services. All Chainlink workflows settle in $LINK.
Overcollateralization has to do with the terms of the lending agreement between counterparties - it has nothing to do with Chainlink. Moving value is just one step in orchestrating the Collateral Management process.
BONUS QUESTION TIME: What it the one year between 2002 and 2020 that @arijuels did NOT have a paper published (or published and withdrawn) in the Cryptology ePrint Archive?
$LINK
Crypto OGs (and everyone else that followed) really saw @arijuels - the long time RSA researcher and head of RSA Laboratories - not to mention coining Proof of Work - name on the Chainlink whitepaper and smugly wrote it off as just a DeFI price feed with an unneeded $LINK token.
Hollywood couldnt make this shit up.
xitter.cf/i/grok/share/3478d140c…
@colorado_crypto knew (after calling a mulligan)
2009 is an interesting year for Ari to take a publishing break.
xitter.cf/nullpackets/status/134…
Did i hear something about ethereum replacing all the worlds institutions?
And did i hear something about glamsterdam being delayed?
Ive got news for you. Institutions arent waiting for you anymore. Proof over Promises.
$LINK
it took 21 years of Swift, Central Banks and BIS pushing banks and other FMI - after multiple delays because they weren't ready - for ISO20022 to become mandatory in 2025.
now do blockchain. without Swift driving adoption in a way that does no harm to existing flows nor causes additional fragmentation to the world's economy.
there is no switch to flip. a blockchain does not unwind 50 years of network effects, technical debt and trust.
if we want to bring all the worlds systems onchain - then the onchain systems have to be interoperable with the offchain systems - until such time the offchain systems become onchain systems. They learned their lesson more than once. Theyre done with vendor lockin. Theyre done with technical debt. Theyre done with incompatible systems.
The future-proof Chainlink Abstraction and Orchestration Layer and data standards fixes this.
$LINK is the only way
If you want to see what it actually takes to get bots to understand the foundational role Chainlink will play in a tokenized financial system - much less chain maxis - this will help.
"Foundation as the connective standard for the on-chain/hybrid system is a fair description of the trajectory. Foundation of the majority of the world’s highest-value transactions overall is not."
Even when I word my prompts as forward looking - it has to remind me that while what i am saying is true - it isnt true RIGHT NOW.
ANSWER MY QUESTIONS!
$LINK
xitter.cf/i/grok/share/60fd7c069…
Crypto OGs (and everyone else that followed) really saw @arijuels - the long time RSA researcher and head of RSA Laboratories - not to mention coining Proof of Work - name on the Chainlink whitepaper and smugly wrote it off as just a DeFI price feed with an unneeded $LINK token.
Hollywood couldnt make this shit up.
xitter.cf/i/grok/share/3478d140c…
run ⬡ the ⬡ juels retweeted
There are two clubs.
And youre either in the right one. Or not.
xitter.cf/nullpackets/status/196…
"These two groups seem pretty different but theyre basically doing the same thing - and theyre very complimentary.
And this is another one of those things I understand that I feel many still dont understand - because you have to understand two pretty complicated things at the same time. Right now I would say - once again - we are in a world where there are a few thousand people that really understand the difference between DeFI and TradFI."
Very Fuckin' Few. "Congratulations for being in the right place" - @ericschmidt
Just $LINK
Besides TradFI - like @StanChart's and @CharlesSchwab's write ups - with Chuck joining the timeline to defend the Chainlink thesis yesterday - have we seen ANY crypto native thots, CT influencers, academics, VC's or anyone else ct might appeal authority to in the crypto space properly explain Chainlink end-to-end?
even one?
$LINK
There are two clubs.
And youre either in the right one. Or not.
xitter.cf/nullpackets/status/196…
"These two groups seem pretty different but theyre basically doing the same thing - and theyre very complimentary.
And this is another one of those things I understand that I feel many still dont understand - because you have to understand two pretty complicated things at the same time. Right now I would say - once again - we are in a world where there are a few thousand people that really understand the difference between DeFI and TradFI."
Very Fuckin' Few. "Congratulations for being in the right place" - @ericschmidt
Just $LINK
🚨BREAKING: nobody who watched CEX's boot monero in the past are shocked in any way.
⚠️ Kraken Questions Users Over Monero Withdrawals
Kraken is contacting users regarding their Monero (XMR) withdrawals as part of a due diligence process.
Users are being asked to explain their employment status, source of funds for USD and USDC deposits, and intended use of the withdrawn XMR.
Responses are required within 7 days, but it is unclear if non-compliance could lead to further restrictions or frozen funds.
📰 Telegram: UnbiasedCryptoNews
run ⬡ the ⬡ juels retweeted
Congratulations and thank you to everyone involved in making history with this landmark trade @AscendFi @StellarOrg @m1xglobal @chainlink 🇺🇸👏👏
A milestone for institutional capital markets on Stellar.
@AscendFi and @M1XGlobal completed the network's first institutional repo transaction, using USDM1, a sovereign bond secured by U.S. Treasuries, as collateral.
businesswire.com/news/home/2…
run ⬡ the ⬡ juels retweeted
If I had a private crypto conference in NYC, I wouldn't invite you either.
$LINK
ive got people on the timeline telling me how arrogant i am
while ive got @TeamCucumber777 in dm's telling me i stink
i swear i was sane and autism free before LINK twitter
run ⬡ the ⬡ juels retweeted
Compliant secondary markets for RWAs are here. 🔗
Theorem has integrated @chainlink's Automated Compliance Engine (ACE) to enforce onchain investor eligibility checks.
Read more:
blog.theorem.markets/theorem….
run ⬡ the ⬡ juels retweeted
TODAY: New Chainlink integrations ↓
• @GravityChain: CCIP & Data Streams to power cross-chain WETH & USDC transfers and deliver high-speed market data.
• @reflectmoney: Data Streams to power verifiable pricing for PRIME & ReUSD.
• @solana: CRE to automate & orchestrate workflows across blockchains & existing systems.
• @theorem_markets: ACE to enforce compliance policies on exchange infra.
LINK everything.
a bank issued report whose target is the C Suite of other banks and institutions is full of fluff and lacks technical specificity?
lesson in there
$LINK
run ⬡ the ⬡ juels retweeted
Breaking: Ascend and M1X Global have completed the first live institutional repo trade on Stellar.
M1X Global and Ascend Markets financed USDM1 against Circle USDC onshore in the U.S., arranged through Peak Execution Services.
🏆 First institutional Repo trade in Stellar history
🏆 First Repo trade conducted onshore in US between US Persons and on a public network
🏆 First Perpetual Repo: initiated Friday and repurchased Monday, 24/7 financing over 72 rolls
🏆 First Repo trade originated, booked, and repurchased using Soroban smart contracts
🏆 Ascend's first revenue and clients, with more repo trades already underway!
🏆 First to use Ascend'ss Digital Tri-Party presented to the SEC Crypto Task Force on September 18, 2026
🏆 First to use @chainlink's new Data Feeds for @USDC as its price oracle on the Stellar Network
🏆 The first Repo trade to utilize the ERC-3643 @ERC3643Org version for Stellar, SEP-57 by @OpenZeppelin
✅ The full trade originated and occurred within the Soroban smart contracts, completely onchain: not a books-and-records copy and not a contrived routed trade on testnet.
✅ The digital security itself was pledged as collateral, not a receipt token or digital twin.
✅ The entire Repo trade occurred on the public blockchain, Stellar Network mainnet.
✅ The Repo trade was enforced with an executed SIFMA Master Repurchase Agreement and Annex.
✅ It was conducted onshore in the U.S. between U.S. persons, with applicable fees attributable to Ascend's subsidiary U.S.-registered broker-dealer, Peak Execution Services.
✅ The landmark trade was institutional requiring a significant number of engineers, lawyers, compliance, regulatory, business, and quantitative analyst personnel to accomplish.
Full details in my keynote at #Meridian2026 on October 29 in Lisbon, hosted by @BuildOnStellar, with more live trades and integrations to announce.
I want to thank everyone at @m1xglobal, @StellarOrg, @chainlink, @OpenZeppelin, @ERC3643Org, and @AscendFi @PSGDigital for the weeks of dedicated and difficult work to achieve this major milestone.
businesswire.com/news/home/2…
run ⬡ the ⬡ juels retweeted
This is so frustrating. I keep trying to engage with established commentators making bold statements on twitter about how "Swift didnt think about the liquidity problem" or "DTCC doesnt know what theyre doing because Canton is ONE of the chains they will issue assets on" but all i get - if im lucky to get a reply at all - is condescension.
Everyone has a hot take. And most have spent the past 10 years laughing at insitutions first attempts at enterprise blockchain instead of watching what theyre doing next.
Next is going live now. Regardless of what anyone has to say. They should have been part of the TradFI conversations - instead of hanging at the cool kid blockchain conferences.
xitter.cf/nullpackets/status/187…
"If you think about transferring value, token-based payments will essentially eliminate the need for collateral in, say, nostro/vostro accounts that we see in correspondent banking." - @AtlantaFed FMC 2023
Anyone conflating tokenization and stablecoins with bridge currencies and nostro/vostro accounts either doesn't understand what theyre talking about or has ulterior motives to spread misinformation.
This isn't about the payment rail. This is about the Unified Golden Record.
$LINK $xrp
Swift and DTCC are literally Jamie's bagmen. Its their job to reduce risk and market inefficiencies so they can kick up as much as possible to the boss.
Talking heads are wrong on the technology. Theyre wrong on risk management.
They're commenting from the outside looking in.
Theyre going lose their minds when it works out.
reverberations of the $LINK marines will be felt through remaining history
open.spotify.com/track/2C3B3…
the world will never be the same again
open.spotify.com/track/7ycWL…
