Deep diving with Enes, $CAKE #4
pancakeswap just voted to cut cake emissions by about 69% and hand lps 88% of v3 fees, and the token has been net deflationary for 37 straight months already
what it is
pancakeswap is the main dex on bnb chain, now live on eleven chains with swaps, an aggregator, perps and tokenized stocks called bstocks. in the week to oct 21 it did about $4.67b in volume, roughly 71% of all dex volume on bnb chain, and tvl climbed to about $2.4b
the team
the kitchen, a pseudo...
📝Q2 13F filings pointed to three things, all in the same direction: sovereign funds and passive giants were adding SpaceX, semis were "long Micron, split on Nvidia," and AI infrastructure had become its own sector.
1.SpaceX became a "non-listed anchor." Saudi PIF's US equity portfolio jumped from $12B in Q1 to $37.9B in Q2 — almost all of it from a new SpaceX position. Temasek, BlackRock, ARK, Point72, and Fisher all opened or added positions in the same quarter. A company that hadn't even lis...