DeFi Drew
@DefiDrew
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Playing short term games while playing long term games
Joined October 2011
With the bear market fully upon us, I wanted to write a thread on why I have great respect for what @chainlink @SergeyNazarov and team are doing from the perspective of building a start up to achieving a grand vision for the future of crypto . A masterclass for entrepreneurs. 1/n.
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Chainlink just added a $250B AUM bank to its list of exclusive institutional clients. In Dubai, a region that’s one of the most progressive in crypto. SWIFT covers the entire west. Now they got Hong Kong, Brazil, and Dubai for the east. Truly a global standard emerging.
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It’s too good
Now might be a good time to consider quitting crypto
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Chainlink today released more information on $LINK Staking, including a roadmap and details on yield %s for the community 👀. Heres my initial thoughts on this huge revelation, there's a ton of exciting details in this blog post. 1/n.
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Key difference between @Platypusdefi and @CurveFinance tokenomics. Curve requires you to lock your $CRV to turn them into $veCRV - max four years. Platypus has no locking, so your staked $PTP is liquid. Instead staking earns you $vePTP over time, which is nontransferrable.
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You know Coinbase invested in Circle right?. You know BASE L2 is part of the Chainlink SCALE program right?. You know Coinbase Cloud is a Chainlink Node operator right?. You know Chainlink CCIP just integrated Circle's CCTP for cross-chain $USDC transfers right?.
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Chainlink officially mentioned on the SWIFT site… first time ever. Wow, just wow. 🤯.
Chainlink is working with @swiftcommunity and more than a dozen major financial institutions on experiments to enable connectivity to and interoperability across public and private blockchains: . These experiments are a significant step forward from the
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Chainlink just secured another $7B of TVL in defi . How can you not see it as the standard at this point. All major lending protocols now rely on link. Even dai through AAVE will rely on chainlink. $LINK.
Proposal 047 by @getty_hill switches the protocol price feed to an updated Uniswap-anchored view:. - Replaces Coinbase Pro with Chainlink.- Reduces anchor from 20% to 15%.- Community multi-sig given fail-safe. Discussion: Proposal:
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An incredible presentation by @SergeyNazarov . A must watch for pretty much everyone, not just $LINK holders. Heres a thread summarizing the biggest takeaways from this presentation. I'll also provide my personal thoughts and speculations (just can't help myself). 1/n.
Watch @SergeyNazarov's new presentation from Consensus 2022 covering:. • #Chainlink Economics 2.0.• Oracle network sustainability.• Staking roadmap.• The market for trust-minimization. And why cryptographic guarantees are the new technological order ⬇️.
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Sergey has never been this brazen with his bullishness.
I think the technical term to describe this situation is "now we're cooking with gas" . I wonder what happens when the world's largest financial institutions decide to go on-chain because being on-chain becomes a "national priority". Seems likely they will need a secure and.
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Not enough attention is being given to chainlink staking v.2. It adds SLASHING. The $ETH/USD feed will be protected by tens of millions at stake, slashable if nodes misreport. This is a huge milestone for $LINK. The silence speaks for itself, there’s nothing left to criticize.
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After seeing this run play out, I’m as confident as ever in the @chainlink team, in their vision and ability to execute, and their plans for the $LINK token. The time to fade it was peak bull run when all that mattered was attention.
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SWIFT literally confirmed. SWIFT is invested in $LINK ever since the start up days of 2016. Imagine the chainlink kingmaker status. Oh you want your chain connected to SWIFT? That goes through chainlink now. Pay up, we only take $LINK.
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Chainlink is FAST. Faster than solana. Faster than hyperliquid?.
A heartbeat: 800 milliseconds. Chainlink Data Streams: 376 milliseconds
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People used to think chainlink was a full blown scam. Now it’s recognized as critical infrastructure. Current criticism:. 1) boring (retail doesn’t use it).2) the $LINK token isn’t needed.3) poor value capture. What will be left to say after staking and CCIP this year?.
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👏🤯 DECO (chainlink’s ZK oracle) is finally here. With a major bank ANZ already using it. Integrated into CCIP. Chainlink has been COOKING.
.@ANZ_AU—a major Australian Bank with A$1 trillion in AUM—is piloting @Chainlink's new CCIP Private Transactions capability for cross-chain tokenized asset settlement under the @MAS_sg Project Guardian initiative 🔥. With this announcement, three new #Chainlink Platform
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Every month we have a new L2. Every few months a new fast L1. But yet there’s still only one chainlink.
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Arbitrum is clearly top dog. Of all chains, including alternative L1s. They got app chains, gaming chains, defi, gigabrain team, fraud proofs already live, decentralized validator set. And EVM+ and stylus! They’re developer focused, yet have dank memes too. What is $ARB missing?.
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They’re not directly saying it…. But this is chainlink’s first foray into the user-facing application world. Edging into the grey zone of competing with other projects that their infrastructure supports. The bridge looks slick.
We are excited to introduce @transporter_io, the next evolution in cross-chain bridging, powered by #Chainlink CCIP. Transporter is your gateway to the multi-chain universe. Cross chains with confidence:
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$LINK goes live, enables defi. defi booms, everyone realizes smart contracts are awesome, link moons. Ethereum was the only chain, moons . Forks make dapps commodities. Alt L1s catch up, now block space is a commodity. Everyone realizes $LINK is a monopoly, guess what’s next?.
Sensing major confluence on $LINK. - Eric Schmidt joining as advisor.- CCIP & Staking in 2022.- Bottoming pattern against BTC and ETH.- Foundation stopped weekly dumping.- Literally powering 1000+ applications w/ 90%+ market share on every chain
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Did you know the ethereum’s dencun 4844 upgrade also significantly lowers the cost of CCIP and all chainlink services? . Lower fees = more usage = better margins for both node operators and dapps = sustainable $LINK tokenomics.
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Big shoutout to the $LINK community. Today marks a special day. Staking is maxed out. Over 40M tokens ($600M+) staked, all from OG holders. Slashing is live. CONGRATS ON BUILDING THE MOST SECURE PRICE FEEDS IN ALL OF DEFI.
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Chainlink isn’t a startup anymore. This is operational excellence in the crypto industry. Can’t think of even one other company that’s executing at this level.
BLOCKCHAIN EXPANSION UPDATE. In just over a week, Chainlink services expanded across the following blockchains:. CCIP:.• @BitlayerLabs.• @use_corn.• @HashKeyGroup.• @inkonchain.• @0xPolygon zkEVM.• @SeiNetwork.• @soneium.• @XLayerOfficial. Data Streams:.•
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$LINK hits 1000 EOY 2025. 🕯. 🕯 🕯. 🕯 🕯. 🕯 Great Oracle Bull 🕯. Run of 2025. 🕯 🕯. 🕯 🕯. 🕯.
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looks like $LINK is $ETH beta. L2 coins like $ARB and $OP are more obvious of course. but if you think long and hard, you realize that chainlink launches everything first on ethereum mainnet and its L2s first. CCIP covers all EVM chains (unclear when they expand to non-EVM).
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If major smart contract adoption happens:. In any form . In any industry. Chainlink will be part of it . $LINK fees will be paid. Staked $LINK will secure it.
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And just like that multiple oracle ‘competitors’ fade further into irrelevance.
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People still don't realize the gap between Chainlink and other oracle solutions. Its massive. What are the alternatives to paying $LINK?.
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Chainlink is the top AI x Crypto project now.
We're excited to announce the results of an industry-wide corporate actions initiative between Chainlink, Euroclear, Swift, & 6 financial institutions. We successfully demonstrated how AI, oracles & blockchains can solve a decades-long unstructured data challenge in finance🧵⬇️
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Great visual of how CCIP works, with the active risk management network providing an extra set of validation for every transaction.
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The market is just starting to realize that memecoin, NFT, and degen trading is about to go cross chain with CCIP. $LINK fees go 🚀. With way less associated gas costs, and no data costs like price feed transactions.
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Oracles are slowly becoming better understood. Which means chainlink is becoming better understood . $LINK securing 75%+ of DeFi.
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Sergey announces staking officially on the way and @VitalikButerin within hours posts "We will need oracles" and that he's pessimistic about stablecoins without oracles. Coincidence? I think not.
I'm more pessimistic about this now especially because of the PoS switch. We will need oracles. And if we want to make stablecoins robust to USD collapse (by switching to their own native CPI if that happens) we'll need more active governance.
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Call me crazy but I just want to be the guy in 2038 that held $LINK from <$50M mcap to 1T+.
Nvidia, $NVDA, is now up 591,078% since it went public. $10,000 invested in 1999 is worth $59,107,800 today. Yes, you read that correctly.
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$ETH and $BTC tanking and $LINK holding up? . I’m scared. This is scary.
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Man this chainlink news is so huge, can't wait to see the price pump!.
We’re excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data onchain. Full report: The significance for fund tokenization 🧵
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Can’t express how happy I am chainlink isn’t a “DAO”. I love most of the $LINK community but I don’t need you guys telling Sergey what to do.
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The entire crypto industry hinges on this vision.
With Swift, multiple leading market infrastructures and the largest major financial institutions now clearly seeing the value of tokenization, we are nearing an inflection point for blockchain adoption in capital markets. Chainlink and CCIP are key infrastructure to enable this
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$LINK will be in this ETF.
[🎄] SEC APPROVES HASHDEX NASDAQ BITCOIN & ETHEREUM CRYPTO INDEX US ETF.
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$GMX 🤝 $LINK proposal at essentially 100% with over 1.3M GMX votes. So many implications of this that are bullish for both projects. This creates significant cost efficiency versus running your own oracle team. Not to mention the upgraded service, security, and expertise.
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Crazy how long this product update is. They really are building a suite of services that apply to every single potential crypto use case. $LINK fees will be going 🚀.
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The $LINK cash tag really trending just bc of coinbase cloud running a node? . Or bc the BIS (something no one knows anything about) mentioned Functions? . Or was it Sergey being on a tech crunch podcast? Saying CCIP is coming ‘relatively soon’ ?. 🤔.
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Damn the $LINK team is STACKED. I remember when it felt like just Ari Juels.But now you got .Dan Boneh.My girl Dahlia.ERIC SCHMIDT.My boy Balaji. This is already an order of magnitude above any other project. and theres still so many more ballers.
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So 2022 felt like chainlink didn’t deliver as much as we hoped for. Particularly around CCIP. But it turns out they were busy working with SWIFT and making it a success. Lesson in there.
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Wonder how easy it would be for @ericschmidt to call up the $GOOGLE CEO and find new ways to integrate with @chainlink . Can't put a price on connections, also why its hard to value $LINK right now.
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Quality of marketing noticeably improving.
Want to use social interactions from the world’s most popular social media platforms to trigger smart contract outputs?. #Chainlink Functions now makes it easier than ever to connect platforms like Facebook and Instagram to Web3. #LinkTheWorld.
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CCIP adoption rate is good.
$1.2B+ TVL stablecoin issuer @usualmoney has upgraded to the Chainlink standard for USD0 & USD0++. Price Feeds provide access to highly secure market data, while PoR provides transparency of reserves & CCIP enables seamless cross-chain token transfers.
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Linkpill is now official marketing terminology. Crazy how much they’re embracing the community’s lingo from years ago.
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Hot moon math dropping from my OG $LINK chat. 80 build projects.dropping 4% of token supply.Avg FDV of 100m.$320M of value.3/4th going to stakers.$240M for 40M LINK staked.$6 per staked LINK. $90K in airdrops for a maxed out 15k staked wallet.
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Just like SWIFT essentially has no competitors, same goes for DTCC for the US capital markets. Once these types of entities adopt a technological standard, the rest of the finance industry follows along. This was always the plan and it’s coming to fruition for chainlink.
People don't realize how big the recent @chainlink news is with the Smart NAV pilot. In 2022 alone, DTCC settled around $2.5 quadrillion in transactions. In short, they are huge. They are the middleman of the financial industry. Whenever securities are bought and sold, they
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One of the better 4chan posts about $LINK. Hiding game. Decades long vision. All coming to fruition. BUILD, fees from revenue sharing, CCIP just getting started and already a top bridge by volume.
$Link Its been a while. some good spoon feeding hopium on 4chan this morning. 🫡. The SWIFT stuff is 10 years in the making. and it's not from Sergey's mouth, it's from some of the SWIFT execs revealing it on linkedin. It's not some crypto startup that lucked itself into SWIFT
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A thread on key differences in pricing dynamics between Chainlink and Blockchains like Ethereum . Comes down to what drives user fees . For gas tokens like $ETH, every bit of blockspace costs the same. Doesn’t matter if the transaction involves $1 of value or $1 Trillion. 1/n.
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Everyone from 2017 is coming back. Time to remind them what chainlink has been cooking up.
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There isn't even a blockchain platform mentioned here. Its just straight up chainlink, the central bank, and Brazil's super app @interbr . Solving global trade finance.
We’re excited to announce that Brazil’s central bank @BancoCentralBR is using Chainlink in its CBDC project, alongside @Microsoft (@msPartner), @interbr, & 7COMm. CCIP enables cross-currency, cross-border, cross-chain transactions to be settled securely🧵.
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Feels pretty obvious @VelodromeFi is going to win the DEX wars on @optimismPBC . @CurveFinance isn’t very active outside mainnet . I shouldn’t even have to mention the level of indifference shown by @Uniswap . $VELO still a tiny mcap, and it’s solidly done right.
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Cardano just got their first memecoin.
@Crypto_Escrow__ @blknoiz06 They just got their first memecoin that made it cross chain, $NIKE and its the founders pig. And that will bring in a lot of volume.
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Chainlink just operating at a higher level than the rest of this space. You may think a polished deck and a detailed plan won’t matter. But they clearly do when you’re dealing with real businesses and serious people.
@CatfishFishy There was no other viable option really, Ronin needed the most secure solution to say goodbye forever to bridge hacks. LayerZero and Axelar’s proposed migration plan were also super vague and undefined, while Chainlink’s plan clearly had a team of people working on just this
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Too many great $LINK tweets in one day. Don’t want to spam retweets so instead I’ll just say this:. If you believe in crypto, you believe in chainlink.
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Damn I’m reading this and it’s actually really bullish.
We’re excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data onchain. Full report: The significance for fund tokenization 🧵
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I haven't even touched on the abstraction layer for enterprises to partake in the smart contract economy. Thats an even larger end game that the team is working on, for example with SWIFT. Chainlink's future is bright. I've been inspired by their focus and execution.
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Marines may not realize but this is extremely bullish . This is free marketing for $LINK . I welcome the “next gen” oracles. Without them creating hype and attention many won’t realize how dominant chainlink is. This is the process of becoming what $ETH is to L1s.
1/ The Internet Computer may replace Chainlink as the premier provider of secure oracles to the blockchain space (and possibly the world). That's right, by the end of Q1 2022 the IC will be capable of hosting extremely simple, efficient, secure oracles:
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This is subtweeting Layerzero / stargate finance going down today.
Chainlink CCIP was purpose-built from the ground up to be the most secure & reliable cross-chain infra ever created. Through a defense-in-depth approach—taking engineering principles from the aviation and nuclear energy industries—CCIP has maintained 100% uptime since mainnet.
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The chainlink product today said the first non-EVM CCIP chain to be supported is coming up next 👀. Solana? .Something else?.
#Chainlink CCIP has officially entered general availability (GA) 🔥. Made possible by the introduction of several new in-demand features, CCIP is now available to all devs building cross-chain applications. More alpha about CCIP from the Q1 2024 @chainlinklabs product update 👇
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Pretty disappointing to be honest. Clearly they are trying to compete with chainlink and so they’re pressured to not rely on them as their oracle default. So they choose to hype up a brand name that’s a single point of failure as an improvement. They even plastered it onto a car.
After more than a year of combined effort we’re incredibly excited for the Google Cloud oracle to roll out on LayerZero. The Google Cloud oracle is a purpose built verifier that is available today to all LayerZero applications and will be configured as the default as of Sep 19th.
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Attention $XRP and $QNT fans. Please take a look at this.
Swift. Depository Trust and Clearing Corporation (DTCC). Euroclear. Clearstream. Central Bank of Brazil. JP Morgan. State Street. UBS. BNY Mellon. Citi. BNP Paribas. Edward Jones. Franklin Templeton. Wellington Management. Invesco. Fidelity International. U.S. Bank. Lloyds
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whoa 👀. note the language. they want EXPERTISE with chainlink. vs just "experience" with other blockchains.
Experience integrating Chainlink is now a job requirement for a Blockchain Software Engineer position at @Fidelity. Cant say you werent warned. LINK CCIP
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Permissionless interoperability for any token is here.
The Chainlink CCIP v1.5 upgrade is now live on mainnet for all developers. This release empowers devs to take their tokens cross-chain in a self-serve manner, deploy Cross-Chain Tokens (CCTs) across 20+ blockchains in minutes, & much more. Full details ↓
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Hypothetical future state . 100 blockchains.500 oracle networks each .50 nodes for each network . The max $LINK tokens each node could stake would be 400. This system will secure trillions one day.
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The hot new omnichain interoperability protocol @LayerZero_Labs relies on an oracle, effectively offloading its economic security to @chainlink . This is a great design decision for the entire space . Similar to L2 Rollups offloading security to @ethereum.
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What do Sony and Coinbase have in common? . Both have L2s on ethereum and enshrine chainlink as their infrastructure provider. It’s telling what the long-term minded businesses do in this industry.
Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium aims to connect Web3 with everyday internet services, making blockchain technology more
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Something tells me two new pilots with SWIFT and UBS will be too much for @nullpackets to resist retweeting.
We’re excited to announce that @swiftcommunity, @UBS Asset Management, & #Chainlink have successfully completed a new pilot. As part of @MAS_sg’s Project Guardian, we used existing Swift payment rails & Chainlink to facilitate tokenized fund settlements.
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👀 whoa. Things moving faster than I expected with SWIFT and cross-chain tokenization and transfer experiments.
🚨New SWIFT press release🚨. SWIFT reports all the experiments performed were successful connecting SWIFT with both Private & Public chains using #Chainlink CCIP protocol. WE JUST WON. $LINK. See PDF on SWIFT's page (register) or I did a copy in here:
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Chainlink quickly went from not live on ZK rollups to now live on all the major ones. $SCROLL.ZKSYNC / $ZKS.$MATIC.$STARK.
Chainlink Data Feeds are now live on @0xPolygon zkEVM. Polygon zkEVM developers can now securely build advanced #DeFi apps that combine reliable price data with lightning-fast execution. Dive in ⬇️.
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You’re going to get tired of winning.
Absolutely massive week for #Chainlink 🔥. - Entered the pre-production phase with Swift on using Chainlink for institutional blockchain connectivity. - Created an AI, oracle, and blockchain powered corporate actions solution with Swift, Euroclear, and 6 financial institutions
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The full SWIFT report doesn’t just mention chainlink CCIP… it covers it in detail, including diagrams and a full glossary of technical details and mechanics. “Abstraction layer is necessary”.
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Before web3 and chainlink, people would use google search when looking for ‘truth’. In the future they could look up what’s been posted on chain when searching for truth. Could $GOOGLE end up displaying data posted by @chainlink DONs in their search results?.
Wonder how easy it would be for @ericschmidt to call up the $GOOGLE CEO and find new ways to integrate with @chainlink . Can't put a price on connections, also why its hard to value $LINK right now.
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Interesting timeline coming up for $LINK. $ETH merge September 16. People take profits after merge is successful, rotate into alts. Fed meeting September 20. Only raise by 50?. Smartcon September 28. Partnership rumors and anticipation of staking and CCIP launch leading up.
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Chainlink is trading short term price suppression for a much healthier and fairer token distribution long term. When they achieve their final vision, there will be no complaints about insiders and VCs controlling a huge proportion of the supply. They will be Credibly Neutral.
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Imagine how much news like this would pump most coins. With chainlink it’s just a “meh shrug” reaction. Reminds me of ethereum a few years ago….
PwC Germany (@pwc_de) has entered into a strategic collaboration with @ChainlinkLabs to accelerate enterprise #blockchain adoption. This collaboration supports enterprises in seamlessly interfacing with blockchains via #Chainlink’s secure middleware:
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Always liked this image. Posted by the main account now.
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Chainlink Node Wars and superlinear cryptoeconomic security from staking in math form. 50,000 $LINK = $700K+. 31 nodes securing $ETH/USD price feed. total budget an adversary requires to corrupt the DON = $700k*31^2/2 = $336M. THREE HUNDRED MILLION US DOLLARS.
@Omniscience_uk just staked 50,000+ #LINK on to help increase the cryptoeconomic security of the Chainlink Network and earn rewards! ⬡ . OK;Let's Stake. #Chainlink #Smartcontracts #Verifiableweb.
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