Zhu Su

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Zhu Su· 2025-08-01 11:52
One reason why Qing China banned opium imports is subtle. The British Empire Anglo-Indian traders accepted primarily silver as payment for opium. As demand for opium grew, so did demand for silver, and as silver rose, families began to hodl it fervently, withdrawing it from supply. This caused extreme stress to the economy as taxes were denominated in silver as well. Qing China hoped that by banning opium imports they could stem the rise in domestic silver prices. ...
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Zhu Su· 2025-08-01 10:50
IPO Market Analysis - The IPO market may not be structurally underpriced due to competitive book-building processes and client choice among investment banks [1] - Early shareholders seek risk aversion and diversification through IPOs, necessitating a risk transfer discount for trades [1] - Concept stocks often rely on positive price charts for marketing, as a decline from day one could lead to litigation [2] - Companies with strong cash flows and secretive moats may avoid going public, signaling a belief in higher valuation through community ownership and wealth effect [2] - IPOs share similarities with ICOs, with success often driven by positive sentiment and price charts, potentially leading to product-market fit [3]
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Zhu Su· 2025-08-01 04:06
Tbh I think ppl like this form a big part of the bull case for america. I dont know any of these ppl but am quite sure none of them are cookie cutter.That being said, issue w this specific tweet is the emphasis on harvard and stanford. One of the unintended side effects of extremely difficult asian american admissions procedures is that you end up creating a kind of performative asian who learns how to impress admissions committees, and this mentality carries on rest of their life. It becomes a focal point ...
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Zhu Su· 2025-08-01 02:40
Protocol Overview - Quanto's protocol fees are paid in $QTO, and losses are repaid in $QTO, potentially driving up the token's value [2] - Every losing trader has to buy back QTO, every winning trader doesn't want to sell QTO [2] - Over $500 thousand in buybacks and approximately 1% of the $QTO supply burned in the first 2 weeks [2] - The protocol supports 400+ assets as collateral [2] - A spot terminal is coming [3] Tokenomics - $QTO is designed to increase in value through buybacks and burns [5] - 70% of the token supply was burned, and 30% is allocated to QLP stakers [5] - Liquidations on non-$QTO collateral result in market buybacks of $QTO [5] Investment Potential - At a $15 million market cap, the protocol is considered a potentially high-reward investment, with the possibility of a 10-100x return ($150 million - $15 billion), representing 03%-3% of Hyperliquid [4] - The protocol had a fair launch at $5 million [5] Key Features - The protocol offers a non-extractive rewards program with rebates [6] - Implemented proof of reserves ensures transparency into all holdings [6] - Capital efficiency allows users to deposit long-term holdings as collateral for trading [7]