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Patryk

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@Solofunk

Director of Research @serotonin_hq • Ex-Messari • Nomad 🌎
Chicago Joined August 2015
1.8K Following 5.3K Followers 6K Posts

Latest posts 5

Patryk Verified account @Solofunk
A $50M raise for @Index_inds, led by @lightspeedvp, plus $100M in commitments from @galaxyhq and @FWDind secured for the $USHP.

This token will track Index Industries' own proprietary U.S. House Price Index (HPI). Launch is imminent, coming first on @ethereum in 2026, then on @solana in 2027.

Indexes like the U.S. Federal Housing Finance Agency's (FHFA) HPI are up 60.5% since COVID (Q1 2020), yet U.S. home prices have never been investable at scale.

What SPY did for the S&P 500, @USHP_Official aims to do for the $55T U.S. housing market, unlocking exposure to one of the world's largest asset classes.

Congrats to @JReedRosenthal and Brian Hardecker!
USHP Official Verified account @USHP_Official 22h
The U.S. housing market finally has a ticker.

USHP is a first-of-its-kind liquid, investable index product designed to track U.S. home-price movements.

@FWDind is allocating to the institutional pre-launch of USHP, joining @galaxyhq for a total of up to $100M in commitments.

What SPY did for access to the S&P 500, USHP is designed to do for U.S. home prices.
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Patryk Verified account @Solofunk
Democratized Prime by @Figure pools onchain capital to finance home, consumer auto, and SMB loans.

Figure Forge allows @HastraFi to tokenize deposits into homogeneous tokens, like $PRIME and $AUTO, making them composable with DeFi protocols like @Morpho and @kamino.
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Serotonin @serotonin_hq Nov 4
Ep. 03 of Conviction with @Solofunk is live.

Our guest is @reidlikeabook, President, Digital Assets at @Figure.

His Conviction: Collateral mobility is the hallmark of efficient markets.

"Our focus is not trapping you from an economics perspective. It's bringing a better and cheaper experience. And if it isn't, feel free to move it somewhere else."

"Looping is not some DeFi only concept. If you look at treasuries in prime brokerages in TradFi, those are levered infinitely more times."

"Because we do a securitization at the end of every month, we have this captive demand from institutions to buy these loans. You're not stuck with the collateral asset. The collateral asset is just waiting to be sold."

"What would prove or disprove my argument would be that it is not possible to finance assets cheaper onchain through the structures that we've put together versus traditional markets."
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Patryk Verified account @Solofunk
The @Figure and @HastraFi teams are trailblazers.

Much respect for what they've built, bringing real-world credit opportunities onchain through solana:3b8X44fLF9ooXaUm3hhSgjpmVs6rZZ3pPoGnGahc3Uu7 and solana:GNE6oDS6jHrfaV3GQVVCCp37fDnT7PiPuewMKBj2bqNm.

Was fun diving deeper into the yield, underwriting, and originators behind these products with @reidlikeabook!
Serotonin @serotonin_hq Nov 4
Ep. 03 of Conviction with @Solofunk is live.

Our guest is @reidlikeabook, President, Digital Assets at @Figure.

His Conviction: Collateral mobility is the hallmark of efficient markets.

"Our focus is not trapping you from an economics perspective. It's bringing a better and cheaper experience. And if it isn't, feel free to move it somewhere else."

"Looping is not some DeFi only concept. If you look at treasuries in prime brokerages in TradFi, those are levered infinitely more times."

"Because we do a securitization at the end of every month, we have this captive demand from institutions to buy these loans. You're not stuck with the collateral asset. The collateral asset is just waiting to be sold."

"What would prove or disprove my argument would be that it is not possible to finance assets cheaper onchain through the structures that we've put together versus traditional markets."
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