I saw a few of @FomiesNFT art pieces on my timeline and thought they looked really cool so I checked out their website to see how the WL works🫡 That’s when I came across their fun and pretty innovative website mechanic and it honestly made me way more bullish on the project👌 A team that pays this much attention to the small details can probably pull off a strong launch and an interesting post launch mechanism too. I applied for their KOL participation program and I’m hoping our community fits what they’re looking for. Would be really cool to become part of @FomiesNFT This is the way you can support me and my community: fomies.family/?ref=@nabi_sar…

As we enter the new era of crypto and assets bifurcate between those that are money & those that make money, returns should concentrate into a smaller more relevant selection of assets with more reliable lifespans. In this environment options start to become more liquid and their advantages over perps start to emerge: selling options to collect yield on longer date positions, buying tail risk insurance (important in crypto cc 10/10), expressing more nuanced bull cases like KoolKrypto's ETH call spread It's an interesting case study why have perps been the preferred instrument of crypto vs why options finally work now? & why the Lighter & Pump markets are positive signal Given perps are a single liquid instrument based on an oracle, it's relatively easy to spin up a new market & fill the books with liquidity. This is great in crypto where there's typically some hot coins to chase: list pnut, list monad pre-ipo, list prove (remember that airdrop lmao), so on, and so on For this reason, perps dexes can move more quickly than options dexes to get assets listed. In crypto this is obviously a competitive advantage given how quickly the attention moves from one asset to the next. It's not the only reason, but is a big reason Hyperliquid has been able to stay in the conversation no matter the market conditions (esp bc this works for stocks too) Options books are harder to effectively build because you need to support many strikes at many expiries for both calls and puts. For Bitcoin alone there's 38 markets for just the Oct 5th expiry. I'm not gonna count it up, but across all expiries for just Bitcoin there's a comparable number of markets to what Hyperliquid offers in total Options dexes naturally reached the conclusion they can't go chasing short term listings otherwise they'd fragment liquidity across too many markets Additionally from first principals it doesn't even make sense to have long dated expiries for a lot of these random coins. Maybe I do want 5x leverage on pnut while it's trending, but do i want to express any opinion about what the price will be a year from now? not really. Does any Market Maker want to provide quotes for that duration? not really either. So why are PUMP & LIT options so bullish for Derive? Simple, there's finally good coins to list. After all it's been through, I imagine most of use are willing to bet PUMP will exist in a year. In fact, the fact the market needs to rerate the longevity of pumpfun makes long expiry calls more interesting and relevant for portfolio construction. The same goes for LIT tldr: Derive ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be