Kam 🌑
@KamBenbrik
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Very interesting thread from @MostlyData_ below looking at what happened during the @humidifi token launch. This is worth reading 👇
1/n What happened during the @humidifi's token launch can teach a lot, but we need to shed light on it first. TL;DR 1. @wintermute_t seems to hold 2.3% of WET supply 2. bot snipers dominated the presale with ~25% of total WET accrued from ICO Lets dive in 👇
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Overview of the current curator market: Curators mainly earn money through performance fees. This rewards them for optimizing returns, but it can also encourage excessive risk-taking, since their downside is limited to losing fees while depositors take the capital loss. Right
So @KamBenbrik and I wrote a short piece on DeFi Curators for @ChorusOne. → DeFi curators now manage billions and set key risk parameters, but the recent crisis revealed significant gaps in their risk practices. → While the Balancer exploit was an unforeseeable technical
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We are on the cusp of a profound change in the field of mathematics. Vibe proving is here. Aristotle from @HarmonicMath just proved Erdos Problem #124 in @leanprover, all by itself. This problem has been open for nearly 30 years since conjectured in the paper “Complete sequences
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My main takeaway from the @monad launch: - Binance isn’t needed anymore - DEX onboarding is now better than CEX I used to favor CEXs to buy new token launches. Now I don’t even consider them anymore, DEX UX is just much better. Not surprising to see $55m MON spot volume on
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Monad is finally live! For those that are looking for a staking provider, you can easily stake with @ChorusOne using our staking app: https://t.co/RZNDirLUP1 Some info about staking at the moment: - APR: Around 15.8% - Unstaking time: around 5.5 hours Enjoy!!
Monad Mainnet is now live! Check it out here: https://t.co/emewXRKtNE
https://t.co/emewXRKtNE
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Notice the difference in 5 years between a token sale back then (Solana) and now (Monad): - 1,416 registrations vs 86,000 participants - 91 countries vs 70+ countries (sad for Europeans) - $1.76M raised vs $260M+ allocated Way more mainstream today, thanks to much easier
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Crypto crash on March 12-13th 2020, BTC lost like 50% in just a few hours, I got into crypto a few months before and never experienced something like this before. Then 10 days later, @solana raised $1.76M at $0.22 / SOL. 1.5 years later SOL was trading at $260, 1,180x from the
perfect time for Monad to launch Solana also launched in a shit market if it goes bad, you can blame the market if it goes up, you're a hero and this comes at a time when I sense people are finally shifting a bit more to value investing in crypto best of luck!
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Since 2022 the market went from: - Crashing because of mismanaged funds, no transparency and fraud To - We need more transparency, DeFi will fix this To - Let’s use DeFi to capture TVL, then run opaque centralized strategies again What can go wrong?
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Over the past week: - BTC: -13% - ETH: -14% - SOL: -16% - HYPE: +2.5% The magic of making money in any market and buying back your token with it. 500k HYPE has been bought by the assistance fund over the last 7 days ($1B annualized) Source:
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The @range_org team just keeps delivering.
1/ 📢 Introducing @faraday - the transaction engine for safe, scalable, and compliant stablecoin payments. Built for wallets, stablecoin PSPs, onchain applications, fintechs, banks and custodians. It's live right now🧵👇
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Our team at @ChorusOne has been closely studying the effects of @doublezero on Solana validators. @MostlyData_ breaks down how Double Zero affects three key layers of the network: gossip latency, block propagation, and block reward distribution. Full overview and analysis below
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Some thoughts on the @monad tokenomics discussion: In the end, what really matters are the products and the users. The hardest part for new L1s is getting network effect. That will be the main challenge for Monad: how to attract teams that will build unique apps, stay long term,
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I visited Algeria for the first time and it’s an amazing country full of history: the country moved from the Roman Empire to the Ottoman Empire, and then into a French colony before gaining its independence in 1962. Rich culture, amazing food, and people are super welcoming. A
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Repeat after me: Tokenized delta neutral strategies are not stablecoins. They are complex tokenized trading strategies, involving meaningful market and execution risks, and can easily be misleading because they include “USD” in their name
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DM with a stablecoin founder whose project recently faced large scale withdrawn. We were talking about @Neutrl It's time to stop calling these stablecoins. They are yieldcoins or funds
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Repeat after me: Tokenized delta neutral strategies are not stablecoins. They are complex tokenized trading strategies, involving meaningful market and execution risks, and can easily be misleading because they include “USD” in their name.
Repeat after me: Tokenized delta neutral strategies are not stablecoins. They are complex tokenized trading strategies, involving meaningful market and execution risks, and can easily be misleading because they include “USD” in their name
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Please stop using the term stablecoin to refer to hedge funds and debt products with no rights, simply because they attempt to hold a peg near a dollar. Thank you for your attention to this matter!
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