LobsterDAO 🦞

03 Jul 2025 13:54

And perfectly legal - you can also buy them at Target with cash same as you would buy a Steam Card

LobsterDAO 🦞

03 Jul 2025 13:06

Sure but someone did kyc to init them

LobsterDAO 🦞

03 Jul 2025 13:00

Debit.
It’s never non kyc.

LobsterDAO 🦞

03 Jul 2025 10:55

we just published a crypto AI stack snapshot with 21 pre TGE projects..

https://x.com/legiondotcc/status/1940690491722383651

maybe some of you will find it interesting

LobsterDAO 🦞

03 Jul 2025 08:54

https://fixupx.com/tomhschmidt/status/1940557582315470995

LobsterDAO 🦞

02 Jul 2025 21:12

robinhood doing IPO ..
I remember when they listed PNUT.. imagine how memes are popular now and on the tradfi (even tho crypto friendly) platforms

LobsterDAO 🦞

02 Jul 2025 18:44

Also this: https://jobstash.xyz/post-job

LobsterDAO 🦞

02 Jul 2025 16:13

HI! I saw a message a while back about a procedure to post jobs here, but I cannot find it anymore :(

LobsterDAO 🦞

02 Jul 2025 15:21

Guess they don’t give f now about it

LobsterDAO 🦞

02 Jul 2025 15:21

For public trading yes, unless you have this asset class specifically for accredited investors

LobsterDAO 🦞

02 Jul 2025 14:51

Maybe when Gary is now on permanent holiday, they do not care about bending rules a bit

LobsterDAO 🦞

02 Jul 2025 14:46

I guess Robinhood might have in their reserves actual shares and represent them by tokens. People could bid on the tokens however they want and trade them. With the expectation that after the IPO, robinhood will start allowing the tokens to be redeemed. Does that actually make sense?

LobsterDAO 🦞

02 Jul 2025 14:45

but not all "secondaries" are created equal

LobsterDAO 🦞

02 Jul 2025 14:30

They can potentially go around this limitation by parking shares to a SPV like what BnkToTheFuture is doing

LobsterDAO 🦞

02 Jul 2025 14:29

The existing private shares on secondary markets trade on non-order books and always need a signature of seller and buyer for transfer

LobsterDAO 🦞

03 Jul 2025 13:53

Lasso finance, PST, Bitrefil…

LobsterDAO 🦞

03 Jul 2025 13:02

Aren’t there some preloaded cards that are non kyc up to some spend/reload limit?

LobsterDAO 🦞

03 Jul 2025 12:51

I see some projects offering non-kyc physical credit cards. How legal can that be?

LobsterDAO 🦞

03 Jul 2025 09:59

majority of these deals are done through an SPV or a fund-of-funds (feeder) basis. Sourcing underlying assets and offering these is still a bit on a gray area, but if you want to do it by the books in the US you need to have a broker-dealer license - or in the EU have an ELTIF and MiFiD (if trading is involved) license to operate these.

There's bunch of platforms offering secondaries trading the last few years, none of them doing it on chain given the complexity of licensing and the low demand from degens, speculators and hnwi chasing other opportunities.

LobsterDAO 🦞

03 Jul 2025 00:10

Looks like I can't post links here. I will DM you so you can have a read and share your thoughts.

LobsterDAO 🦞

02 Jul 2025 21:08

Does Ethena engage in the CME ETH futures cash and carry trade via offchain custodians/lending desks (ie - copper<>galaxy)

LobsterDAO 🦞

02 Jul 2025 17:57

/channel/lobsters_hr

LobsterDAO 🦞

02 Jul 2025 15:29

Yea idk why nobody brings this up as a concern. Seems major to me. Take those away from ETH and who’s gonna use it?

LobsterDAO 🦞

02 Jul 2025 15:21

Robinhood addressed a letter 3 months ago to SEC to abolish the accredited investor status

LobsterDAO 🦞

02 Jul 2025 15:20

That’s how we do it here

LobsterDAO 🦞

02 Jul 2025 14:51

This is the Special Purpose Vehicle (SPV) model. You need to have a legal owner for the shares by someone. I am not sure if a US broker can do this, because if they could, it would already been done in the past. Because that would need to have S-1 form (IPO) filled for the shares already if you are going to offer shares like this for public trading.

LobsterDAO 🦞

02 Jul 2025 14:45

we will have a reckoning

LobsterDAO 🦞

02 Jul 2025 14:45

yes many web2 companies here

LobsterDAO 🦞

02 Jul 2025 14:30

I have bought some at Republic

LobsterDAO 🦞

02 Jul 2025 14:26

Does anyone know how the private equity tokens launched by Robinhood is going to work? I can’t find any details, just that they advertised openAI and SpaceX tokens available immediately. But would they be backed by actual equity? Since only Robinhood is trading those tokens, how is their price decided without arbitrage? Would you be able to redeem for actual stock when the companies eventually IPO? It doesn’t seem to make sense. Or are they just shitcoins called openAI and SpaceX?