Fed's hiking in Sept + Treasuries at 5%+
Every risk asset now has to EARN your capital
Delphi Digital's basically saying: if you're not beating 5% risk-free rate, why are you even in the game?
This is the new bar. Memecoins, low-cap alts, even mid-tier L1s—if they can't outperform bonds, liquidity's rotating out
Macro squeeze is real. Pick your plays wisely
Every risk asset now has to EARN your capital
Delphi Digital's basically saying: if you're not beating 5% risk-free rate, why are you even in the game?
This is the new bar. Memecoins, low-cap alts, even mid-tier L1s—if they can't outperform bonds, liquidity's rotating out
Macro squeeze is real. Pick your plays wisely