@annanay

Delighted to work with @0xLoris @setpedro_ and team on this integration! The industry needs more independent metrics. Super bullish on this product.

"Every reader finds their own Hamlet; ten million people see ten million different versions of CZ." Best/ most entertaining FT article I have ever read, courtesy @nikasgari Happy Friday!!

Another great article going into depth on the opportunity in stocks right now! Thank you to @FourPillarsFP for covering.

Like many, I think AGI is just around the corner. In the past, new technology has created wealth. This wealth, distributed evenly, forms the basis for a Universal Basic Income. Rather than the government creating a UBI by taxing tech companies, I believe there is a neater, market-based solution taking place Stock ownership in the US is near historic highs, and so is the market. For younger generations, stock ownership is their #1 way to generate passive returns and get leverage. Boomers got this through housing. The 30y fixed mortgage turned a house into a government-backstopped, uncallable, leveraged long on US nominal GDP. Then the whole economy quietly reorganized around the maxim “house prices must go up”. For millennials/gen Z, it probably won’t be housing; it will be stocks. The AI capex cycle is now making equity ownership feel less like investing and more like a claim on future machine labor, and indexification has turned these narratives into nice, easy-to-buy packages. This is what 'UBI' from AGI probably looks like in practice.

Tl;dr starting yesterday, QFEX will not require document ID verification for its ordinary retail users. QFEX users have already been notified via email and Discord. While we are all celebrating this as a MASSIVE UX improvement, the real reasons run deeper than that. People don't talk about compliance because it's not sexy. Everyone has a moral duty to prevent money laundering and terrorist financing. At QFEX, we take this duty seriously. Long run, dexes whose main business model is facilitating crime will be shut down and their exec team sent to prison. Our commitment to compliance is the reason why we are able to attract the market makers and liquidity that we do. For years, document KYC has been the standard method of enforcing compliance policies. In the age of AI, it has become painfully obvious to us (see the below video) that the bad guys will always be one step ahead of the compliance software providers. Like most illicit businesses, the economics are just in their favour. A couple of months ago, we began looking for alternatives. I'm delighted to announce the integration of a new, powerful AI-based tool that, for the first time, integrates user data across browser sessions, blockchain history and trade history across QFEX and all perp dexes to build a complete user profile and enforce compliance policies. This mogs document KYC and allows us to rest in peace knowing that our users are genuine, without knowing their passport details. How markets should be.