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Decentralized Danny

@_dedanny_

TradFi solved this ages ago, large funds manage risk across the entire portfolio which means less idle collateral, less dead capital, same exposure, less money locked that's why Prime Brokerage became a massive business and we're starting to see the same thing show up in crypto ~ unified collateral ~ credit rails ~ cross-market capital @Ripple, @coinbase both moving that exact direction, Hyperliquid running into it the more HIP-3 markets succeed, the more trader collateral gets fragmented across them

2:55 PM · Jun 13, 2026 · 51 Views

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Decentralized Danny @_dedanny_ · Jun 13

and there's still a gap... Coinbase and Ripple mainly target institutions meanwhile HIP-3 still operates inside a single venue the harder problem is making collateral work across venues without handing custody to a middleman the gap that's still open: ~ decentralized ~ cross-venue ~ retail accessible ~ no rehypothecation that's the bet @MobiusExchange is making not another exchange, not another market, just a way to make the same collateral work across all of them ~ one account, multiple venues ~ portfolio-level risk instead of position-level risk

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