Profil de AriF Yousafzai | Binance Square

SAYS AUTOMATED POOLS CAN BEAT THE BIG STOCK MARKET MAKERS 🚨🦄👀
$NVDAB $UNI
The @Uniswap founder posted his first long blog since 2019.
His question is simple. Can an AMM (a shared pool of two assets that sets price by code, not a trading firm) become a main way the world trades stocks, funds, and more, not only crypto coins?
The story he uses starts in 1976. 📅
Jack Bogle launched the first retail index fund (a fund that just copies a stock list and does not pick winners). He hoped for $150M. He collected $11.3M. Rivals called it "Bogle's folly."
Today most US fund money sits in this no-pick style.
@haydenzadams says tokenization (turning stocks and funds into tokens on a chain) is at that same early-mock stage.
What just changed 🏛️
🔶 @SECGov approved @Nasdaq and @NYSE to trade tokenized shares
🔷 @The_DTCC (the firm that settles almost every US security) ran live tokenized trades on 15 July 2026
🔸 full DTCC service still targets October 2026
Most talk is: same markets, faster, cheaper, always on.
Hayden says that hides the bigger change. Tokens can trade against any other token. That changes who can make the market (who stands ready so other people can buy and sell).
What @Uniswap already is 🛠️
In 2018 he built a protocol where anyone can put two assets in a shared pool and earn a fee when people trade. Hayden says it has settled more than $4.6T.
He also says DEXs (apps where people swap from their own wallet) went from under 1% of centralized spot volume to over 20%.
How a pool works
1) two assets sit in one pool (let's say ETH & USDT)
2) a trader swaps one for the other
3) the pool price moves on a fixed curve
4) the people who put the assets in (LPs - liquidity pools) earn a small fee
Three things in Hayden's example 📦
🔶 Nvidia token = a token whose price follows Nvidia the company
🔷 SPY token = a token whose price follows a big basket of US companies (Apple, Microsoft, Nvidia, and many more)
🔸 dollars = cash, like USDC
If Ali puts Nvidia + dollars in a pool, and Nvidia price runs far away from the dollar, Ali's pile changes a lot. One side grows. One side shrinks. That hurts if Ali did not want that swing.
Why Nvidia vs SPY is easier 📈
Nvidia and the whole US stock basket often move the same way on the same day. Both up. Or both down. So Ali's two sides stay closer. Same money. Less pain.
How a buyer still gets dollars 💵
Fatima can:
1) swap Nvidia for SPY
2) then swap SPY for dollars
She still ends with cash. The Nvidia/SPY pool never needed to hold dollars. Another pool does that last step.
Who can do this cheaper 💰
@citsecurities is a giant market maker (a firm whose job is to always be ready to buy and sell so other people can trade). It does about 1 of every 4 US stock trades. In 2025 it made $12.2B. It uses about $21B of its own cash to stand in the middle.
That firm wants to finish the day in dollars. It does not want to keep Nvidia. So it pays extra to stay safe when Nvidia moves.
Ali already wants to own Nvidia and the big stock basket. He does not pay that extra safety cost. He can take a smaller fee and still be happy. That is how a simple pool can be cheaper than the giant firm.
The live test 🧪
Hayden says 10 tokenized stocks already trade against SPY in Uniswap pools on @RobinhoodApp Chain.
He cites about $33M volume from more than 11,000 traders in the first 12 days. A lot of that was while US stock hours were closed. Some trades went stock-to-stock and never touched dollars.
Some meme coins even pair against Tesla or Costco tokens. Hayden calls that "vibes." The real price link is unclear.
But ⚖️
Those stock-vs-SPY pools are still tiny next to a firm that prints billions in one year.
Many stock tokens today are still a claim on shares held by someone else, not the same as a normal brokerage share.
Most Wall Street tokenization still looks like the same big firms, just faster. Hayden's claim is different: new people can make the market.
He thinks passive liquidity (anyone putting assets in a pool) can win the way index funds won. Long-run reports say about 90% of paid stock-picking funds lose to the simple copy fund.
have you ever provided Liquidity to Uniswap? 👇

AriF Yousafzai

SAYS AUTOMATED POOLS CAN BEAT THE BIG STOCK MARKET MAKERS 🚨🦄👀

VITALIK VIENT DE METTRE À JOUR LE GRAND PLAN D’ETHEREUM 🚨👀📅

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