Paper · 9Nxd…GKiV · 21 days · Conservative
Onchain dollars
$10,208.45
+2.08% since deploy
You think dollars and cash-like yield are moving on-chain. The book is built for that, slowly. USDC is the cash. JLP is a Solana liquidity book that earns fees from trading. JitoSOL and mSOL are staked SOL, closer to yield than to a story. PYTH prices the assets so the book can be marked in dollars. SOL stays so the basket is still the network itself. Staking rewards change, and nothing here is a promised rate.
Bought JLP, USDC, JitoSOL and 3 more · paper. Marked with Jupiter prices.
Holdings
JLP earns fees from Solana trading, which is the on-chain yield sleeve.
USDC is the dollar this take is about.
JitoSOL is staked SOL, closer to yield than to a narrative.
SOL keeps the book on the network, not only in receipts.
PYTH is how the book gets marked in dollars.
mSOL is a second staking receipt, so yield is not one provider.
Thesis · RWAs eat T-bills and yield lives on-chain