toly 🇺🇸 @toly

Co-Founder of Solana Labs. Award winning phone creator. NFA, don’t trust me, mostly technical gibberish. https://t.co/LomgbTpb6h solanamobile.com 🏔️🏔️🏔️ Joined February 2014

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toly 🇺🇸 @toly

7 hours ago

@ord1nary_fella @Noahpinion $50 per person

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toly 🇺🇸 @toly

7 hours ago

@bgurley Zero chance that people who believe rent controls works will be able to do anything to address climate change.

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toly 🇺🇸 @toly

7 hours ago

Big lesson there. Agency + the right general direction + enough expertise to figure it out

“It was crazy that people were paying us to do nothing." @toly was mining crypto in 2017 to fund a side project building early deep learning systems, right before TensorFlow took off. "I had this eureka idea that there's a way to use a similar scheme to proof of work, but to

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Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion

8 hours ago

Almost every leftist candidate is just an insane fucktard

Shannon Watts @shannonrwatts

a day ago

Bernie Sanders and Abdul El-Sayed have endorsed William Lawrence for a congressional seat in Michigan. Lawrence said that Black political leaders are a “pillar” of the “capitalist, imperialist” American establishment, and that by backing Dem leadership they “defang the white

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Bill Gurley @bgurley

8 hours ago

Worth a read (especially the details) if you care about policy and true impact. It’s not what one claims to care about (which is performative & wastes real $$) — it’s what actually happens that matters. From last to first.

The Texas Dispatch @Texas_Dispatch

a day ago

Texas has overtaken California to become the nation’s top producer of utility-scale solar power, capping a 25-year climb from a single darkened array in Austin to nearly one-fifth of all U.S. utility-scale solar generation, according to an analysis from @Texas2036.

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Andy Olivera @soyandyolivera

17 hours ago

Graves disturbios en Suiza tras quedar eliminados

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toly 🇺🇸 @toly

9 hours ago

🧠🧠🧠

Milton Friedman Quotes @MiltonFriedmanW

9 hours ago

“The fundamental threat to freedom is power to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a momentary majority.” — Milton Friedman

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toly 🇺🇸 @toly

20 hours ago

@TrustlessState 🟥

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toly 🇺🇸 @toly

20 hours ago

🤯🤯🤯

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toly 🇺🇸 @toly

21 hours ago

Wow. What a header

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toly 🇺🇸 @toly

21 hours ago

💀💀💀

ArtButMakeItSports @ArtButSports

22 hours ago

Lamentation (flipped, detail), by Gerard David, 1515-23, 📸 by Roberto Schmidt

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toly 🇺🇸 @toly

23 hours ago

The smaller Norwegian players have shorter last names

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toly 🇺🇸 @toly

a day ago

Noooo

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toly 🇺🇸 @toly

a day ago

Omg 🇳🇴🇳🇴🇳🇴

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toly 🇺🇸 @toly

a day ago

Wow🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁥󠁮󠁧󠁿

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toly 🇺🇸 @toly

a day ago

Finally 🇳🇴🇳🇴🇳🇴

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toly 🇺🇸 @toly

a day ago

the shots they aren’t taking are magnificent

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Jarry Xiao @jarxiao

a day ago

The next major feature upgrade to @PhoenixTrade will finally leverage @solana DeFi's greatest asset: spot liquidity. Traders will soon be able to post SOL and other tokens as collateral for their positions. A few caveats before I dive in: - I hate announcing things before they ship. Talk is cheap, and execution is hard. And nobody cares that the execution is hard. - Phoenix is not the fully on-chain perps venue to have spot collateral. This was one of the best features offered by Drift and Mango. As with everything we build, Phoenix's approach will never be a blind copy-paste of our predecessors. I'm excited about this feature for many reasons. 1. Solana users with SOL and other tokens but no USDC no longer need to sell their assets to deposit and trade on Phoenix. 2. Users and vaults who want to run long spot, short perp basis strategies no longer need to think about manually rebalancing. 3. Sophisticated users who trade both spot and perps can keep their capital on Phoenix and simultaneously trade spot while margining their perps positions. I'll write more about this in a future post. I think it's one of the coolest things that no other perps platform can do. And it is only possible because Phoenix is fully on-chain. There are 2 questions I get asked often that I often find challenging to answer: 1. Why does it matter that Phoenix is fully on-chain? 2. Why should I trade on Phoenix over [X]? Here is my definitive answer. Being on-chain gives Phoenix access to Solana's capital, users, and liquidity in a way no off-chain venue can. Most people think that Phoenix is the exchange and Solana is the infrastructure platform, but they have that backwards. Solana is a programmable exchange, and Phoenix is infrastructure that taps into everything Solana offers. You shouldn't trade on Phoenix; you should trade on Solana, because Solana will be the decentralized protocol that houses the world's financial assets. Phoenix is simply the best window into that on-chain future. This is how the composability thesis will finally play out, a couple of years late.