Last night, Robinhood's coins were collected into the following four, and most of the others were sold 1. Ethereum: 0x07f5b6823751c2e2CD4560f28af75ff887102241- Data Party Cash Cow, No Explanation 2. AI - The backbone of the Long platform, Long does not issue coins and AI has a feeling of half a platform coin. The most crucial thing is that it has now become a quote asset (i.e. paired routing asset), which I will briefly elaborate on at the end 3. NET - the most Ponzi and Degen one, OHM improved version, Davis double click in the rising stage, Davis double kill in the falling stage, just bet Robinhood's upward trend is not over yet 4. solana:92LKNLj4aU9sjUKkgH5mQCuQTPSr42HwF2QrdWDApump - The worst performing big coin in recent times, I bought some on dips, and I'm betting on the new product STORMM+Leverage Machine from September Let's expand on 2 and 4 a bit To understand 2, we need to first understand the situation where Boner squeezed the price of HIMS a few days ago. After chatting with some friends, we found that many people only know about this phenomenon but do not understand the principle The principle is that when you buy Boner with USDG, because Boner's pool is Boner/HIMS, your USDG must first be routed to the HIMS/USDG (some may also go through HIMS/ETH) pool. Your USDG enters and locks, and when you take out HIMS, HIMS enters the Boner/HIMS pool and locks, and finally Boner is given to you When there were only over 10000 HIMS on the Robinhood chain, Boner aggressively pulled the market and made a large number of buying actions. The thin HIMS/USDG and HIMS/ETH pools were almost emptied of HIMS, and the price of HIMS was multiplied several times by the AMM mechanism. Also, because AP could not be issued over the weekend, the price on NASDAQ was several times higher On Monday, AP quickly bought the main stock Hims+Mint and directly hit AMM, causing the prices on the HIMS chain and stock market to quickly narrow. (Speaking of which, when AP arbitrage is really unprofitable...) In theory, if HIMS hits the chain, Boner should also experience a drop. However, at that time, it was estimated that Boner's buying was too strong, which offset this part and basically did not drop much Where is the AI cow now? It's just that the above gameplay has been layered up. AI was originally built by tokenizing NVDA through pairing, but now it has also begun to become a valuation asset for other memes (such as AGI) - AI has its own USDG/ETH pool and is also a quote asset for a bunch of new coins. This means that a portion of the funds used to buy these new coins will first go through AI and then be linked to NVDA. The chain has changed from 'meme → stock' to 'meme → meme → stock', and the leverage is stacked, not a single layer. In addition, transactions around $AI and the launch of new coins for AI (i.e. new coins paired with AI) will burn off a portion of AI, so the more prosperous the AI ecosystem and other memes are, the less AI will burn. The mini version of Pons is visually appealing Finally, let me briefly explain why I am looking forward to StonkBroker's STORMM+Leverage Machine. Because we have been doing on chain options for several years, none of them have been able to succeed, from Hegic to Lyra to Dopex to Ribbon There are many reasons, which will not be listed here one by one, but one important reason may be that Crypto assets only need spot and Peru, and do not require options. But stocks, as an asset, are different The daily trading volume of the US stock options market is more than five times that of the spot market on a regular basis In the Crypto market, the ratio of Perp to spot is similar Binance just launched US stock options today, and it can be imagined how essential options are for stocks Robinhood is bringing a new gameplay of tokenized stocks to the chain for the first time. If the depth and trading volume of the tokenized stock pool on the chain continue to increase in the future, I think the option of tokenized stocks on the chain is very Make Sense Previously, the US stock market did not open or on weekends, so everyone had no time to play. Now, with Cex and HIP-3, everyone can still express their views when the market is closed. Many arbitrage opportunities based on regular stocks and Perp have also emerged as a result However, there are still no 7x24 on chain products for US stock options. Options products from major CEX such as Binance and BIT are still offered through traditional securities firms and have opening time restrictions STORMM+Leverage Machine is currently the only thing I have seen that it is possible to create such a product to fill the gap in the HIP-3 ecosystem in the options industry. Of course, N preconditions are required and the technical difficulty is not small. But at least, it provides a possibility Open a separate post tomorrow or the day after tomorrow to talk about how he implemented these functions based on the Hook of Uniswap V4