Rune
@RuneKek
Followers
54,518
Following
662
Media
153
Statuses
2,521
Every decision you make either brings you closer to your goals, or further away from them
Denmark
Joined October 2011
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
ドカ食い
• 99091 Tweets
自動車税
• 46482 Tweets
アイスの日
• 46089 Tweets
Saka
• 42633 Tweets
作者の性別
• 32399 Tweets
#素のまんま
• 23870 Tweets
Rodri
• 22419 Tweets
クソマロ
• 19586 Tweets
Foden
• 15792 Tweets
マシュマロ
• 14503 Tweets
ROCK 'N' ROLL
• 14090 Tweets
Mainoo
• 13213 Tweets
Saliba
• 12197 Tweets
LOREAL PARIS X ML
• 11657 Tweets
ブレマイ
• 11326 Tweets
Isak
• 10645 Tweets
Last Seen Profiles
Pinned Tweet
Launch Season is upon us!
Endgame focuses MakerDAO towards scalable resilience and sustainable user growth: The goal is 100 billion Dai and beyond
Launch Season will bring the most important yield farming and UX features rapidly to market
More:
(1/9)
42
139
421
Maker is about to market dump $600 million worth of ETH unless someone can phone up this 7 Siblings guy and tell him to top up his vaults in the next 30 mins.
I'm confident the Dutch Auctions will hold up but not sure how the market will react
164
488
3K
Guys...
Ethereum is great
Solana is great
Cosmos is great
etc.
All chains are increasingly interconnected and synergize to form a global multichain network economy.
Tribalist incels(of every flavor) are in the wrong decade, go back to bitcoin and let the rest of us build.
255
237
2K
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
306
335
2K
7 Siblings woke up!!
rescued some and only 330 of selling remaining as of right now. Only 65 million triggered so far, rest may still be rescuable
81
167
1K
7 siblings saved all vaults except the first that got liquidated. Looks like only $65 million of ETH will be sold for now
54
121
1K
If the US bans or seriously interferes with the innovation happening in DeFi, it will be an own goal 10 times worse than China cracking down on DiDi, which paralyzed innovation
DeFi today is the most rapidly innovating sector in tech, and most of that innovation is US-centric.
38
237
1K
Look, UST and MIM are solid ponzis and I respect that. You can make good money off them for sure. But they are not built for resilience and they are going to 0 once the market turns for real
Now stop trying to scam users looking for actual stability into being ur exit liquidity
210
155
1K
Looks like he didn't react. 600 million in selling is now locked in and will happen over the next hours - exactly how long depends on what happens to the ETH price.
Time to scoop that dip
68
164
1K
Since Terra hasn’t collapsed, it’s now proven that algo stablecoins work. I am making a proposal to Maker Governance that we convert Dai to the UST model.
This means we won’t need collateral anymore, so the proposal would use the $9.6 billion of collateral to buy and burn MKR
50
50
1K
A multichain future is a multisig future.
L1's by definition have unique security and governance models that means it is impossible to build trustless bridges between them, since the definition of trustless changes based on which side of the bridge you're standing.
92
186
890
Société Générale, the third largest bank in France, just made a collateral onboarding application to Maker for 20 million USD.
Backed by EUR bonds, proposed by their blockchain subsidiary.
19
216
857
Nikolai was one of the only people in the early days of Ethereum and smart contracts who was able to predict the possibility of smart contract hacks and invented the security-oriented approach to smart contract design we know today. Maker would have been toast without him
30
86
813
Once ETH flips BTC and the merge is done with staking widely accessible, ETH will be in a much more stable king-of-the-hill-equilibrium than BTC ever was.
There's just nothing that can touch the raw economics and extremely diversified network effects of such an asset.
37
104
713
After waiting for almost 5 years, it is surreal that the full vision of Dai that we dreamed up so many years ago, has now been realized and is functional right now
34
71
586
4 million Dai was just minted with WBTC in a single transaction. This really showcases the latent demand for non-ETH assets, and it's the beginning of a broader trend of DeFi acting as an economic vacuum that will eventually attract almost all value to the Ethereum blockchain.
25
129
550
Heard today that there’s a good chance all EU national financial regulators will interpret DeFi frontends to require a MiCA license. This would make DeFi frontends on normal internet domains, as we know them today, impossible. Only fully decentralized, local, downloaded frontends…
131
72
546
7 siblings dutch auction is over, all got sold, the price went all the way down to 2250 ish before it got arbed in big chunks
19
42
502
Uh... Am I reading it right that MIM is backed by about 45% centralized stablecoins?
underlying centralized stablecoins:
40% from CVX3pool, 4% tricrypto and 1% yvUSDC
Other than the UST doesn't look bad - but a bit ironic that there's more centralized stables than Dai, no?
24
19
148
What I actually wrote in the maker governance discord was that yoloing all the stablecoin collateral into ETH would be a bad idea kek
30
28
461
1)
While broader crypto is in shambles, Maker continues to grow its position as the biggest in DeFi
Everyone else shitcoin'd and ponzi'd. Maker built stuff that works & in the last month Dai grew by 400m
Next up is SubDAOs and they will be a gamechanger for growth in crypto
18
81
465
Lol did not expect that someone literally left the zoom call! Pretty sure it was a mistake though.
The point I wanted to make is DeFi today disproportionately benefits the US economy, and it would be a historical mistake to push that to e.g. Euro or CHF
30
59
468
Maker is in the position to use the most powerful tool ever invented - money - to deal with the existential threat of climate change.
Clean Money grows and generates value through positive environmental impact
33
125
440
Thanks to all the Americans fighting to keep the Senate from shooting itself in the foot
11
24
421
For every 10 likes this post gets I’ll add more pickles to the burger
20
17
407
Strangling the golden goose of DeFi means trying to compete with China by using the CCPs playbook of command-and-control.
Obviously, China would crush the US in such a competition
America's only way forward is to continue to play to its biggest strength: Free market innovation.
15
35
394
Curve getting exploited. Risk of bad debt and liquidations in the ecosystem.
This might seems like an “it’s over” moment, but perhaps it’s just this cycles Black Thursday - the last crash before the bull market, with everything coming back 100x stronger
39
36
374
If ETH becomes number 1, it will go to infinity and it will never be possible to even imagine another flippening scenario. It would require a 0 to 1 moment like inventing the programmable blockchain
I hope maker can play a big part in making this a reality
33
28
363
Dai Savings Rate is now live paying out 8% at no additional risk compared to holding Dai.
Can be accessed at:
(Not available for Americans or VPN users)
33
58
367
ETH is back as the no.1 Dai collateral at 41% 🥳
USDC down to 37.7%
Dai growth over the past month is 1.4 billion to 7.9 billion total Dai in circulation
This is all *before* Staked ETH and Direct Deposit Modules have come online. 10 billion soon.
14
55
369
300 million Dai in circulation!
This is a big milestone because it's approaching the scale where MakerDAO can be long run self sustainable and self funded through protocol income.
Now lets get to a billion by adding both more crypto and real world assets as collateral.
12
52
319
Someone just generated 66,500,000 Dai with ETH in a single burst of a couple of vaults
@MakerDaiBot
That's literally equivalent to the entire supply Dai had for most of its life.
10
34
325
Excited to see
@AaveAave
getting in the Real World Assets game with tokenized real estate. RWAs are critical if DeFi is going to scale to have an impact on the real economy
Maker also has a lot of incredible MIP6 collateral onboarding applications for RWAs
👇Thread:
(1/10)
8
80
288
@statelayer
EVM is still the most important when it comes to building stuff for users, since that’s where the users are. But for a specialized backend for Maker’s specific needs it is not ideal, and solutions like Solana or something like Sei are a much better fit.
38
37
284
If UST is abandoned and Terra is transitioned to a regular blockchain, the token of that blockchain is the rightful claim of current UST holders, and should be airdropped to them in place of their worthless UST stablecoins.
LUNA holders must accept 0, as they signed up for.
32
15
274
Maker Endgame is a series of 5 major product launches that will take Maker to the forefront of DeFi and AI innovation.
It involves a new brand, new stablecoin and governance token, 6 new SubDAOs distributed through farming and Governance AI Tools
19
79
261
Global emissions are 110 million tCO2/day, and Klima buys about 1.75 million tCO2/day, so it's offsetting about 1.6% of total global emissions
may not sound like much but it's a crazy achievement considering it's just code
Any data from OHM if this rate is sustainable?
⚫️🤯 We've helped incentivize over 7 MILLION tonnes of carbon to be brought on-chain as $BCT.
Here's a few comparisons to put into perspective just how much carbon that is...
37
212
911
14
57
270
Looks like Maker vaults are coming to Arbitrum and Optimism (And possibly Starknet) in Q2 :0
And don't forget the Dai they generate will all be connected through the Maker Wormhole bridge which will be free, instant & trustless
10
32
267
What's the best thing I can do if I want to help out with building traction on Arbitrum? In terms of maximum impact with the capital I have available. LP on balancer?
What kind of project was the primary catalyst for other recent altchain booms?
35
17
257
If you’re considering suicide please read this thread
Nothing destroys a man like losing all your money, I have tried it myself. But it is just money, the pain is a flood of chemicals in your brain. It will fade. Life is so much more than crypto and money
7
45
252
PSA: Because Dai is not an algo stable, the extreme edge case of instantly losing billions in demand does not pose even the slightest risk to Dai or the Maker protocol
There's literally $6 billion of USDC and USDP in the PSM actively market making Dai 1:1 at all times.
22
17
232
KYC cannot be implemented on a decentralized stablecoin as it can’t be done without a centralized backdoor, which negates the decentralization and turns the entire thing into something like a bank.
In Dai’s case the contract is immutable and physically can’t be changed.
14
31
236
most americans know they live in a dying empire, but do they know another one is being born?
16
22
246
I’m sorry to the people who got hurt when i claimed there’d be no Chainlink without Maker. Obviously it’s hyperbole. But I wish the link community would take a look at all the hate that was spammed across the different threads and reconsider whether its a good marketing strategy
40
11
223
With Maker Endgame we hope to flip the table on DAOs today being a laughable and almost fraudulent organizational structure
The future of DAOs is to be the best and most direct way of leveraging AI and open data for effective human organization and capital allocation at scale
20
32
187
Right now DeFi is exclusively using USD stablecoins at scale, and most tokenized assets in DeFi are from US
This has already resulted in tens of billions of capital inflows to the US economy, entirely through organic innovation
and every day it grows exponentially further
3
8
209
If the actual token holders of a DAO aren't empowered to be in charge and to actively participate and understand its inner workings, it simply becomes a game of extraction by the bureaucratic class. There's no legal obligations, so there are no consequences for corruption.
23
30
203
The time has come to decentralize the broken financial system & replace it with a system that benefits everyone
Maker Endgame achieves this through the power of DeFi and DAOs:
Overcoming their weaknesses, doubling down on their strengths, and kicking DeFi growth into overdrive
9
46
199
Biggest DAI mint ever?
Vault
#8463
(ETH-A) was used to generate DAI:
️️🖨️ 100,000,000 DAI minted
📉 Liquidation price: $1,355.37
💳 Vault debt: 496,806,171 DAI 🐋
🏦 Total DAI Supply: 6,560.625M DAI
5
13
87
5
20
205
Thank God for deep AMMs!
2
7
181
Also obviously this would only apply to users located in EU. Non-euros happily unaffected while EU decelerates itself to the Stone Age
8
6
190
If you are sitting comfortably in a safe country and feel outraged about the horrible terrorism that happened to innocent israelis, and the terrible consequences that are now happening to innocent palestinians, there IS something you can do which isn't just hyping up shitposts…
25
29
181
Europe sucks for business but at least we can enjoy nice brunch as civilization crumbles around us in real time
16
12
187
How is Dai engineered for resilience?
Threadooor time
Resilience is determined by the weakest link, and isn't just about checking some boxes. It's a fundamental question of culture:
"Is the security of your users your core mission?"
4
33
180
A proposal for a redesign of the Maker auction system into Dutch auctions, which supports flash loans and instant arbitrage with broader DEX and DeFi liquidity, was just posted to the Maker forum. Please join the discussion!
3
42
181
This means DeFi is a golden goose of strategic importance:
Technology is the single most important frontier of economic growth and competition. The US political establishment already clearly knows this, and is acting accordingly in many other sectors.
1
4
173
Turns out it was the future of France all along! :D
Amazed that I had no clue about this at all the whole time. This is one of multiple recent examples in Maker Governance of how the post-foundation model of organization is proving to be more scalable
0
4
171
This means that on a very long timescale, only one L1 can survive. In the long term equilibrium new participants will always choose the network that is largest. This will create a single L1 (with many L2's), just like we dont have two disconnected internets
8
20
172
SNX absolutely exploding, have they been building new products or is it the core derivative-ish product reaching pmf on optimism?
20
12
171
Boarding the plane to Switzerland. Given the traction of Blockchain and DeFi I’m hopeful that this will be great opportunity to spread the message to a wider audience beyond the crypto bubble.
7
13
172
Just went back on Bloomberg TV again after the hilarious mouse issue last week. I'm very excited about the positive political momentum that has been created for crypto and DeFi in the US, and the mature level of discussion that was had on the Senate floor.
5
15
161
Crisis might be over, at least the most dangerous part of the CRV leverage is being dealt with.
Couple more exploits and liquidations then up only 🚀
8
19
154
Davos is a unique experience. I can see why many people have a love/hate relationship with the event; I was able to make important connections and evangelize DeFi and Blockchain to some of the worlds top investors and decision makers that would have been impossible anywhere else
7
10
154
If USDT, USDC and DAI are the big 3, which stablecoin is number 4?
Specifically on Ethereum
111
8
144
Even after all this crazy dumping LUNA’s market cap is still 6x Maker. Honestly impressive how gigantic it got. I feel sorry for all the innocent people that got suckered into it
8
5
150
Legit probably the greatest life pro tip ever: L-Theanine. black. tea. There's a reason the shitpost you're crafting is in English. The trick is to drink huge amounts of it in one go and you will feel the effects and srsly there's no other comparable nootropic IMO
12
7
146
Like this post says it’s really baffling how utterly unaware virtually *all* Europeans are of how bad Europes future looks right now. Considered a joke internationally, almost incapable of innovation, deranged entitlement politics, and most dangerous of all: nobody cares or even…
The most concerning part about this is that most Europeans don't realize how stagnant Europe has now become
Europeans are literally blue-pilled and are mostly concerned with climate change, immigration and the Ukraine war
Nobody in Europe is thinking why increasingly everything…
1K
2K
15K
15
13
152
Dai demand has completely exploded in the last 6 months. The high yield farms are gone, but there is still almost 900 million USD of demand for Dai, even at 1.01!
It's impossible to say how high the demand will be for Dai at 1.00 and a positive DSR - but it's a lot more.
6
32
143
I'm so proud of the Maker Foundation team in how professional, efficient and aligned the team has been at preparing MCD launch.
It's been truly amazing to see everything being finished up and come together in these last few weeks. Monday!!
8
14
146
Crypto is oh so futuristic and techsmart, but somehow is completely 100% ignorant of the climate calamity. Took you 12 minutes to get an M.D. in corona but lets not learn about how close we are to extinction - lets focus on how we can greenwash bitcoins electricity consumption
23
11
138
It doesn’t matter that chainlink copypasta’d the maker oracle design. The real innovation was always the psyops ;)
41
8
139
I would love to hear more input in this great reddit thread about the risks of including diversified real world assets as MCD collateral.
There's been a lot of high quality discussion about this recently, so please help gather all the arguments here.
15
34
142
Knowing that any traction they create can be "easily" cannibalized because you have the local advantage of being decentralized.
I know I'm grossly oversimplifying but i stand by the core argument and look forward to the 200 mad notifs tomorrow. Have a good weekend.
24
5
135
LDO is this cycles LDO. It's a core infrastructure with dominant, locked in PMF building on top of ETH, staking, the merge etc. Almost guaranteed to outperform ETH
53
17
134
Want to help bring Dai back to the peg and grow DeFi? Apply for collateral onboarding grants, and get paid to onboard your favorite ERC20 as Dai collateral.
22
29
117
The ETH-A Maker vault just had its debt ceiling increased by 150 million, making it possible to generate Dai with ETH again
10
25
126
Seriously the trend of using multisigs to replace and duct tape over issues in blockchain is fine as a short term solution, but those who imagine them as long term solutions that can be relied on as core infrastructure should be sacrificed to satoshi.
3
8
129
@degenwizard
@6sCapital
@MakerDAO
@Tesla
A Maker vault was just used to finance a real estate deal with Tesla.
RWA szn is coming sooner than you think
4
30
130
What I’m most worried about is all the rumors of suicides by regular people leaving behind families because they couldn’t face losing their family savings.
They were targeted in the most cynical and wanton manner with zero regard to inform them of the risk they were taking.
UST is worse than Bitconnect.
At least Bitconnect didn’t masquerade as a stablecoin.
When your ponzi targets people’s savings (not investment) portfolio, there is a special place in hell reserved for you.
Half of CT influencers, VCs, and trading firms are complicit.
268
1K
8K
9
9
128
This should be more widely understood. You can borrow against ETH at a 2% rate with 145% overcollateralization and even as low as 0.5% on Maker, and this is with a 2 hour grace period for liquidations which afaik no other platform offers.
4
14
129
IMO the fact that it’s so popular to hate on maker is the strongest signal that it remains the leader
10
13
125
LMAO, Maker is boring they said...
how many songs have been made about your protocol, anon?
also come join us in discord if you want to see it from the inside:
9
18
124
Found this simple guide on discord if you're considering aping into KLIMA tomorrow
Pls only do this with money you can afford to lose, it is high risk financial gamification based on OHM used for a wonderful purpose: to increase the cost of CO2 pollution
3
19
117
Multisig bridges succeeding, and as a result creating a multisig-multichain dumpster fire where every crypto asset is actually custodied by a 5-of-7 would disprove the need for blockchain tech at all.
So... Lets accept that there is no real interoperability between L1's.
5
10
120
The exec passed! PSM for USDC and USDP is going to 0% fees 0% spread = unlimited 1:1 exchange between Dai, USDC and USDP as long as Maker has reserves
Will activate in 48 hours
3
19
118