TradFi hedgefunds charge 20% of profits and 2% in fees, so i’ve always been surprised defi hasn’t built a cheaper, more accessible alternative

well, until now

the cracked devs at StandX have shipped yet another perps primitive that pushes the boundaries: sip-5b

it’s still in alpha testing, but a few vaults are already live, so i’ve deposited into some for the culture ↓

i am currently down 50% on my fren StandbyXDoggy’s chud vault lol 😂 but at least the concept is working

zooming out what makes sip-5b interesting is that it’s one of the building blocks for sip-5

sip-5 will allow anyone to list any asset on standx permissionlessly and earn from it

sip-5b adds the capital and strategy layer around that vision, giving skilled traders a way to attract community capital while giving retail simpler access to onchain strategies with less fees

this might just be how a million onchain markets bloom: open to anyone, powered by the community, and replacing the old model of expensive, hard-to-access hedge funds and gated centralized listings

p.s. yes i made this art and yes it got published on the gallery.standx.org/ and yes i am very proud