@proofofmud
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Big news from Arch 👀
@Arch_Prime is acquiring @JoinHorizon_, a platform that helps people use their crypto as collateral to buy a home or access equity in a home they already own.
Another step towards bringing crypto into the real world.
More about the acquisition and what it means in my video👇View quoted post on X
Here's why I'm bullish on VariationalView quoted post on X
Any perp DEX built around a CLOB model (like Hyperliquid, Lighter or QFEX) is a potential threat to TradFi players, making them direct competitors. That's why we're seeing such a swift reaction from Citadel and CBOE opposing the CFTC's approval of equity perpetuals
Perp DEXs built around an RFQ model (like Variational), on the other hand, are more likely to be partners than competitors for TradFi players like Citadel, Jane Street, Virtu and others. The key difference is that with a CLOB, the perp DEX has its own liquidity, while with an RFQ model, TradFi firms act as liquidity providers, allowing them to make money from the trading activity
I'm really looking forward to seeing what kind of major partnership Variational is about to announce. Honestly, I think anything is on the table
Either a partnership with Jane Street / Citadel Securities (yes, it sounds strange, but Citadel hasn't come out entirely against perp DEXs. Their objection seems to be more about CFTC vs. SEC jurisdiction. Perhaps this is also a way to delay the US entry of CLOB-based perp DEXs, potentially clearing the way for Variational to lobby for its own entry into the market, ironically enough) / Virtu or another top-tier market maker as a liquidity / hedging partner
Or a partnership with Goldman Sachs / Morgan Stanley / J.P. Morgan or another major investment bank as a prime, OTC or institutional counterparty
Or a partnership with Coinbase or another top-tier exchange as a distribution partner or a prime / custody infrastructure provider
November is shaping up to be very interesting
Arch has acquired Horizon, a US home financing platform.
Soon, your crypto will be able to help you buy a home, without selling it first.
Here's why that matters.View quoted post on X
