Trevor Flipper

speaker
235 appearances 1 recordings 1 series first heard Jun 2026 last heard 9 Jun

Trevor Flipper’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · Jun OctJan 26AprJulnow

Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

Appearances

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But like, just to know, like, I'm not saying they're the same, but like the way in which a user gets billed is pretty similar.
I see.
Yeah, I'll bite on that.
I'll bite on that.
Yeah, I think the one I go after is the brokers and be the back ends there.
I think Lighter is very much so moving towards a super app.
Again, another thesis I wrote last year was like, perp decks are going to eat all of finance.
And you're kind of seeing this iteration where their asset manager is kind of like a vault.
And then you have the bank, the exchange, the clearinghouse, the custodians, eventually prediction markets, options.
And then you recently saw USDC and hyperliquid.
They get in the stable coin, they'll have borrow-in, they'll have prediction markets, HIP4, things like that.
They're all going to converge into one platform and venue.
And I think lighter is one of those that has a decent head start into wills price.
Like the valuation definitely doesn't reflect that.
Yeah, absolutely.
So they do buybacks to the revenues, 100% of buybacks.
What they do is every hour they sweep revenues and then place limit orders down 10% below the current market price and do it as maker orders.
So they're not taking liquidity out of their own token on their own venue.
And so they place them that way.
And so they do 100% of buybacks.
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