Recently, two
@Polkadot
projects wrote history
For the first time ever, a DAO provided liquidity from its treasury into an AMM
In an entirely trustless manner - no custody or multisigs
Here's the enchanting tale of
@hydra_dx
and
@centrifuge
🪄🧵
Our fearless libertarian leader
@gavofyork
announcing right now return (and delivery🙃) of World Computer by turning Polkadot to agile decentralized cloud and disruption of parachain lease model @
#PolkadotDecoded
You have absolute right to not believe me, but... last year I shared with many people & VCs that:
1. We will improve code & user security -
@PolkadotAssured
2. We will improve integrations & BD -
@v_labs
(even before Decentralized Futures program and all lay offs)
3. We will…
Projects that want to bid for parachain slots but do not have required capital can execute Initial Parachain Offering using the Substrate crowdfunding model on the
@Polkadot
network to accept DOT loans from any DOT holder.
Generalized smart contract blockchain vs generalized smart contract blockchain will be always primarily about its ecosystem, liquidity, marketing and BD.
App-chain on the other hand can have thoughtfully customised whole runtime to allow features not possible on generalised…
Everybody is midcurving memecoins, even Vitalik. Most of founders, their engineers, researchers and former me are super dismissive about them as it is dirty corner of blockchain space unworthy of blockspace and giga brains due to demonstrative primer on speculation not hiding…
Dotsama is slow just because we put much more effort to build future proof all stack decentralisation, but we are finally there. Now we can use same tricks as others with incentives but they can't turn their stack to something similar in weeks, months or even 1-2-3-4 years
Smoldot
@Polkadot
's light-client just hit 1.0.0 and it now outperforms RPC! And with the Connect browser extension, there's not even a few seconds sync time on page load. Here it's used by several pages and for several networks including Westmint. Yup - works for parachains, too!
@Polkadot
is winning 3 interesting metrics. It's no.1 misunderstanded, hated and ignored project. While other projects,CT and VCs who missed that are hyping their future features like light clients, erasure coding, DAS, shared security, etc. they are already working in
#Dotsama
I just connected to
@Polkadot
using the beta light client and voted on a treasury proposal. My browser verified the chain tip and relayed the transaction directly to other nodes. No centralized RPC ("infura") involved here. Definitely the coolest thing I did this week. 🤯
@bsx_finance
became 2nd mossst sssuccesssful
@kusamanetwork
parachain and freezed almossst 2% of $KSM for 48 weeks 🤯 and only few know yet what isss coming 🐍😎🐍
Super excited to finally announce publicly our upcoming contribution to decentralisation of Polkadot ecosystem! Together with
@lucasvo
@alexeiZamyatin
@nicolares28
we believe that most advanced Web 3.0 stack can do (necessary) leap frog towards better products for users and devs…
wow, impressive story is building within
@kusamanetwork
ecosystem, where community is trying super hard, not just by words, curate their (not VCs) ecosystem by on-chain governance and stopping even legit projects who are working w shady/scammy projects unnecessary. What a blast
The time has come to let your voice be heard in governance. We now have the opportunity to end
@integri_t_e_e
's crowdloan on November 14th, until they disassociate with
@KSMStarter
and do right by the community. Read about the proposal here.
$KSM
Yesterday was big day for interoperability, blockchain space and their governance.
@centrifuge
autonomously provided liquidity from their treasury to Omnipool in trust less and non custodial way via XCM all executed automagically in symphony of
@Polkadot
and our parachains. cont
Centrifuge in the Omnipool - how cool, now we have a whirlpool 🌀
With over $200M TVL,
@centrifuge
is the leading web3 infrastructure enabling the decentralized financing of real-world assets natively on-chain
The HydraDX Omnipool - an ocean of liquidity for
@Polkadot
@kukabi_
Excuse me, but this is absolute nonsense. We have already most scalable system, coretime will make all this performance practically available and elastic which will shock rest of the market and combined with our use cases it will bring back dignity, respect and most important…
BD marathon like year ago when I took like 300 calls in month just coming. But this time:
1. order batching - validated (by CowSwap)
2. POL - ✅ (by OlympusDAO)
3. Omnipool - ✅ (by Bancor)
Dear anon, as you see who is thinking ahead of market you know where to put your $DOT
This will only grow. We know how and it has potential to be biggest burner of
#coretime
. If you wanna smell proper BBQ prepare your DOT for supporting our strategy at the beginning of 2024.
switch from investor to builder made me 1000x more respectful to other builders and especially developers as whole crypto is standing on their shoulders. If they aren't sociopaths or scammers you can be sure that they're super stressed and concerned about user funds (cont.)
1 of few most important signs of any ecosystem is, if original or early core team is still in trenches after years and not 24/7 on Twitter or parties. If initial entity, either foundation or company splits to new, more specialized agile companies rather than bloats to Web 2 like…
Personal News: Friday was my last day at Parity Technologies after over 7 years. Today I’m starting a new chapter within the Polkadot ecosystem - don't worry, I'm sticking around, just in a new capacity.
I’m departing Parity on excellent terms with the leadership team there,…
Not sure if
@bsx_finance
is bigger undersnek than
@kusamanetwork
was until she explodes, but damn you are repeating same mistakes. If you still didn't get it how much of stealthy support is snek getting and how he became 2nd most successful parachain, idk how to help you anon.
1/ Basilisk is not just a canary network or fork of
@hydra_dx
. It's a complementary sister chain where new projects can use our own implementation of Balancer Liquidity Bootstrapping Pool based on our experience from this February to bootstrap liquidity for their tokens.
I see many founders and projects pissing off their communities and supporters recently. I know everyone has hard times now and doing some missteps, but if you don’t give a fuck about those who stayed for you now wtf you think about yourselves? that suddenly out of nowhere new…
Didn’t take long from my last tweet 🙃This will be most likely turning point of whole ecosystem, which won’t be easy but necessary and lead to improvement of many areas.
I believe we can prove that you can do a lot with reasonable resources or minimum time / $$ if you look at…
1/ Web3 Foundation is excited to announce a new program to kickstart teams and individuals wanting to contribute to the success of Polkadot.
Our ecosystem has many voices, and we want to empower more of them to become leaders.
After unpacking all shit these days I hope that crypto community finally got a last lesson about how cult of personality and short-termism hurr durr projects are bad for all of us.
@giottodf
1. No Ledger or Trezor support, despite promises and efforts for multiple years, Trezor integration was even done by my friend, but no one just picked the repo and push it to finish line - this is the main reason why funds and whales outside of eco don’t want to touch dot defi w…
Yesterday, I was trying hard to get "real" btc which I would bought on Ethereum and bridge it to btc wallet. As REN is turned off (RIP) I went to Threshold Network and found out that I couldn't withdraw. And then big AHA moment. There is no way until now to use all power of btc
Fun is just about to start. Imagine deployments of friendly forks of
@avara
(aave)
@MakerDAO
@synthetix_io
and other bluechips leveraging most advanced elastic rollup technology and I don’t mean zero optimistic knowledge US AWS instances but actual decentralized and scalable…
soo 1 of the biggest DAO out there is processing its salaries via Hydra DCA in fully non-custodial way w/o any multisigs and manual steps. DAOs are becoming practical reality
Referendum 231 proposing to use
@hydra_dx
to DCA
#DOT
->
#USDT
to pay
#Polkadot
Technical Fellowship salaries passed 👍
I believe
#Polkadot
already has a killer app, and it has nine heads 😉
With the regulatory pressures on CEX, DEX like HydraDX will be…
@PolkadotInsider
@dotisded
@Polkadot
its interesting that you list there bunch of hypothetical integrations which are not live yet and not even coming couple days or even weeks, but you missed only single live integration & use case with
@hydra_dx
. Makes me think about quality of your content and this is not the 1st…
Jesus, we broke the LBP. To everyone disappointed from price not going down, we did everything to be pump resistant. We refused all marketing offers, we prefunded pool with more that was intended to be able absorb more pressure, but it was still not enough against all interest.
Imagine Satoshi,
@VitalikButerin
and
@gavofyork
waiting on regulators and regulatory frameworks. Half of you would be working at IBM or SAP, second half in McD. Politicians, lobbyists and corporates who are exploiting society whole history want to improve crypto for you, for sure
If you are in London tomorrow, come to say hi and listen some actual alpha which makes people surprised af, same as during my shorter (just 15 min) talk yesterday or couple weeks ago in Singapore. You will understand our most important decisions, why we stayed loyal, why things…
Whole space is discussing for more than 18 months data availability of 83kbs-1/2/4mbps at max not now but maybe at the end of this year while most scalable DA & shared security provider is here from the end of 2021.
If you prefer to pay for stablecoin transfers and swaps single or double digits $ and wait in mempool traffic jams this update is not for you.
Enjoy practical access for using main stablecoins with decent 4 million liquid stableswap pool nested within Omnipool allowing low…
The native USDT/ USDC Stablepool is now live
With more than $4 million of Protocol-Owned Liquidity in the Stablepool, users will now experience significantly improved USDT swap execution, as well as native USDC now being available to swap in the Omnipool
The USDT/ USDC…
Imagine a person dedicated to the world of
#Web3
.⛓️
Without him, there would probably be no
#Ethereum
, no NFTs, no blockchain ecosystems created with Solidity.🪐
The leader of the modern blockchain world;
@gavofyork
!🧘🏻
Now,do you understand why we believe
@Polkadot
vision?
$Dot
We have 6 months anniversary of launch of
@hydra_dx
🫡 I am gratefulness maxi for everything you supported and went thru together with us, it was pretty wild, sometimes hard not just bc of crypto itself and for most of us. Every Hydra head is unique story. But we’re just started>>
listening&reading&speaking with ct "influencers"/traders/investors and see they fear, feel how they are bearish after booking of 10x,20x,30x,etc. on private deals after which they left few % of supply for retail&normies bc of muh regulations & other fud is so (cont)
@bsx_finance
became 2nd mossst sssuccesssful
@kusamanetwork
parachain and freezed almossst 2% of $KSM for 48 weeks 🤯 and only few know yet what isss coming 🐍😎🐍
Whoaa le wild OTC and 1st proto order book on
@hydra_dx
just appeared on Rococo 🤓Next week on mainnet so prepare your iBTC and Polkadot native USDT to feed with them Hydra for cute premium in exchange for lil bit more of DAI and WBTC 🤠 you Lil
#FlashDOT
There are projects leveraging and supporting each other and there are projects being insecure and subtweeting others🥲. Anyway last and next months are about scaling these numbers by factor of 10 first and later by ... more 🫡. Next in line are v-assets from
@BifrostFinance
and…
iBTC since its launch has seen widespread adoption among institutions & retails users alike.
But what if we told you that, there's also a certain Parachain Treasury in that list. 👀
Treasury diversification into iBTC via trustless, autonomous DCA feature 🤯
Take a bow
@HydraDX
Crowdloan was not a bad model.
It was not fault of crowdloan that founders were wasting on them often much more tokens than they would spend as a standard L1 (whats the point of shared security then?). Imagine half of sell pressure on all para tokens than they went through.…
Get some of my $DOT back in 2 days from the last Crowdloan I did.
I'm disappointed at how bad that model turned out to be. On paper, it sounded good, but in reality, it does not work.
$DOT 2.0 will be very different for projects.
What is your preferred fee token across Polkadot as you can't pay with everything possible like on Hydra? Would you appreciate solution from us for paying in any token also on parachains where are you currently doing smth?
TLDR from yesterday community call:
1. we fought for us and other parachains to get much cheaper xcm channels, there is broad consensus to push it as low as possible, but final feedback on our proposal will be by end of the week. Change of this parameter will have to pass gov
3 out of his 4 last tweets are about Gav, daddy issues? Gav didn’t go to kill Ethereum, but to build its original promise in completely different way and it is Ethereum with rollups (parachains) which converged to Polkadot consensus wise and scalability wise. (proto)Danksharding…
Founder of
@CurveFinance
, SBF and Do Kwon had 1 common thing which was never questioned enough and which is root cause of their shitshows. All of them owned 25% or more of the supply of assets which they created and were able to used for taking huge loans.
tbh I was pretty impressed by quality of talks at Sub0 and how it was dominated by topic of state/storage proofs and pretty much every talk my brain was working 120% on how we can turn them to some cool unique use cases between Ethereum, us and other networks e.g. using our POL…
Great news Ambassadors 🙂🎉
Next week I will post root referendum to create new Ambassador Collective
Finalizing the last details but the key points are going to be:
- $10,000 per month salary for Head Ambassadors
- up to 21 Head Ambassadors
Prepare your pitch 🙂
I will just repeat myself, broken marketing & BD is good problem to have which is solvable w/o changing much inside of machine (already happening and going well). Broken cost structure or strong trade offs requiring fundamental changes later (if even possible) is different beast…
How should we think about the market for coprocessors and the differences between cryptographic (ZK) and cryptoeconomic coprocessors like Polkadot cores?
I go into this in my latest article.
Every single $DED $PINK $STINK $BEEFY $DOTA $KANARY $FREN $LEEMO degen needs to get in this forum and get on to
@dexscreener
to get this moving 😉
/get_dexscreener_on_the_phone
Big day for crypto users and
@polkadot
ecosystem security! As shared security became a standard in the whole industry, projects and their communities are still losing crazy amounts of $$$ due to mistakes in code or mechanism designs and we must do maximum to prevent another ones.
One of our flagship initiatives just got approved -
@PolkadotAssured
540,000 DOT will flow into the ecosystem to make security in
@Polkadot
more accessible
This will help us audit several pieces of critical infrastructure
And make
@Polkadot
a more attractive eco to build in
@giottodf
no evm builder would give 2 fucks to come on such chain, who will be leading it, maintaining it, keeping feature parity (pun not intended) w best L2s, driving it, getting mindshare for it, etc. Moonbeam was killed by reliance on Nomad bridge not by diff gas token, while all of us…
@DonnieBigBags
@RusuOvi
@Polkadot
@giottodf
lol, it isn’t any catalyst who will be leading it? what will be genuine dapps which are not elsewhere? Optimism has SNX, Arbitrum has GMX & Gains & Pendle, Blast has native yield, Blur and 3000 other dapps trying to deploy there, Base has coinbase, had friend tech, polygon has…
Dear community, after internal discussion $MATTER has decided to move forward the unlock all strategic investors.
We believe this will benefit the protocol in the mid/long term helping filter long-term supporters of the project.
Thank you for your understanding and support ✨
Can’t wait to show you how to fix ecosystem with new initiative, taking part in this program and end the all fud. When Fabi replaced previous w3f ceo who was invisible and who knows doing what, I could finally sleep better :)) But most importantly things will get better because…
Applications are now open for our new funding program worth ~45m USD to get the next wave of Polkadot leaders going.
This augments the 250m USD that already sit in Polkadot's community-governed on-chain treasury.
Polkadot is offering,not promissing working and most advanced shared security stack which will be soon more flexible like cloud. Things got stable (especially after release of long term stable version) so parachains, dapps and apps are finally shifting focus from infra to UX.
My slides from the Shared Security Summit today as a tweet thread. I covered blockspace fundamentals, trade-offs in different architectures, and some roadmap items for Polkadot based off of this mental model.
When we started we couldn’t imagine launching after most likely worst year in crypto. After plethora of shitshows, hitting hard whole industry, during global liquidity crunch caused by desperate FED, we feel seriousness of our mission more than ever.
New chains are usually producing many empty blocks bc of low amount of usage initially and even later. But there are still resources used and most importantly block rewards minted for almost no work wastefully.
Parathreads mechanism allowing production of blocks only in need…
The on-demand parachains (parathreads) feature branch was just merged into the Polkadot node. This enables parachains to purchase a single block at a time on a spot market.
Coming to the Rococo testnet soon. Cumulus PR for writing automated bidding collators in-progress.
The last phase of Endgame is the launch of a native blockchain for Maker with the codename NewChain
It will make the ecosystem more secure and efficient
After some research, I believe the Solana codebase should be considered as the basis for NewChain
How would you do this with staked eth? lol 🤓 I love this strategy bc it allows you to keep exposure on principal/collateral (in this case DOT, more types later!) but transform its yield for assets with 1-2-3 orders of smaller market cap with decent chance to boost DOT staking…
It’s time to celebrate the DOT unlock from the first (and last) HydraDX crowdloan
For this occasion, we are offering you together with Bifrost two ways to put your DOT at work using vDOT and HydraDX: Yield DCA and Liquidity Mining
Yield DCA enables users to diversify their…
@bsx_finance
crowdloan is LIVE with almost 4.5k KSM already in after 30 mins 🤯 But snek needs more so he is patiently watching you until you'll send some love and KSM
suboptimal solution (xyk,50/50 pool) for launching token instead of using
@bsx_finance
unique implementation of LBP pools (starting at e.g. 95/5 ) as soon as it will be possible w other legit Kusama teams coming to life in 3rd batch or later.
We are happy to finally bring you 2 game changing proposals, especially 2nd one, targeted on re-igniting ecosystem liquidity, volumes and activity to prove best tech in production with real apps not just in theory.
We also understand all possible concerns, but its time to look…
Two discussions have been started with a view to kick-off Polkadot Hydration - a campaign seeking to build an accessible, deep layer of native liquidity which, over time, will help the wider
@Polkadot
2.0 ecosystem flourish.
The campaign is broken into two separate proposals 👇…
Big respect for the best thread covering
@hydra_dx
with actual alpha front running official announcements done by actual doctor 🙏 it's really energising to see unique and useful content being made w/o any involvement of core team from people diving beyond surface of ocean,…
1/ Liquidity and incentive alignment are fickle beasts
But as money flows into crypto on the heels of
#Bitcoin
ETFs, there's a
@Polkadot
powered app that aims to capture major attention with groundbreaking tech, smooth UX, and moar memes
@Hydra_DX
is ready for the bull..🧵