Tejas Chitnis Profile
Tejas Chitnis

@Tejas0x

Followers
583
Following
1K
Media
74
Statuses
1K

Public blockchains and Memes | @auroblocks

Pune, India
Joined July 2014
Don't wanna be here? Send us removal request.
@Tejas0x
Tejas Chitnis
1 day
Check out this DeFAI app right now its based on Katana.
@ChimpxAI
ChimpX AI ✨
1 day
⚔️✨ The MOJO AI Agent is LIVE ✨⚔️ Try MOJO AI 👉 https://t.co/fmzQDkJFzP 💬 One superapp that lets you bridge, swap, stake & track your portfolio - all with simple text commands. 🎯 Interact with protocols & earn $KAT + $HOOTs 🚀 📖 More info: https://t.co/7PiDX7Kd9S
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@Tejas0x
Tejas Chitnis
4 months
Damn, for some of these veo 3 videos you cant tell if it’s AI unless you are using a sharingan.
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@Tejas0x
Tejas Chitnis
6 months
Everytime I try to leave crypto it calls me back like the green goblin’s mask to William DaFoe.
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@Tejas0x
Tejas Chitnis
1 year
inb4, building directly on Ethereum will be the new meta.
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@Tejas0x
Tejas Chitnis
1 year
Hey! I’ll be spending the day at @EthCC . Lets meet up.
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@Tejas0x
Tejas Chitnis
1 year
Anyone got a extra day pass for @EthCC?
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@Tejas0x
Tejas Chitnis
1 year
Just deployed prediction markets for the IPL. Gonna deploy for the finals too. #ipl2024live
@ZeitgeistPM
Zeitgeist Prediction Markets
1 year
🏏 IPL 2024 is heating up! 1️⃣ @rajasthanroyals vs @RCBTweets on May 22 - Will RR continue their royal reign, or will RCB stage a royal coup? 2️⃣ @KKRiders vs @SunRisers on May 21 - Can KKR ride to victory, or will SRH shine brighter? Place your predictions and choose the
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@Tejas0x
Tejas Chitnis
1 year
veNFTs vs slNFTs (Soft Locked NFTs) ve(3,3) was such a great innovation to the tokenomics space that its been used by huge protocols like @velodrome, @aerodrome and more. Btw, huge credit to them for building on it and improving on it. tSo what does ve(3,3) do? Stake Your Tokens
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@Tejas0x
Tejas Chitnis
1 year
Hedging your Memecoins Memecoins are inherently volatile, with huge swings, which make trading memecoins fun. The hope that a memecoin 100x’s in value and solves all our life’s problems is the dream that memecoins offer. But how many of us have lost more than we can afford when
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@Tejas0x
Tejas Chitnis
1 year
Looks like the main crypto event is literally at DXB airport.
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@Tejas0x
Tejas Chitnis
1 year
If I create a memecoin will I get more followers?
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@Tejas0x
Tejas Chitnis
1 year
Life is like a memecoin. It may pump but eventually it’s gonna dump.
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@Tejas0x
Tejas Chitnis
1 year
Don’t hire random devs from North Korea. Hire @AuroBlocks instead.
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@Tejas0x
Tejas Chitnis
1 year
I think I should start to build in public a bit.
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@Tejas0x
Tejas Chitnis
1 year
The game theory here then becomes: If I unstake, I will benefit others who are staked. If I just hold a bit longer, others will unstake, distributing their funds to me. In addition to this, a decreasing withdrawal fee creates a goal for users to stay staked longer.
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@Tejas0x
Tejas Chitnis
1 year
One option is to penalize users for withdrawing early rather than being forced to hold the NFT. @DynamyteXYZ allows users to exit with a penalty, and the incentive to stay staked is that withdrawal fee is distributed to all stakers.
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@Tejas0x
Tejas Chitnis
1 year
Here's a fun tokenomics game by @DynamyteXYZ Let's first start with the problem with ve(3,3). These protocols have a minimum lock of 2 years (for full voting power). Most retail users don't hope to be profitable in a token after 2 years. (I might be wrong here.)
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@Tejas0x
Tejas Chitnis
1 year
Let's take a small example of what you can do. Bet $20 on @ZeitgeistPM if Ether is under $4000 you receive $35. Long $500 at 3x leverage. In this example, you are profitable if ETH goes above 2.3% or falls by 1%. Change the no. to increase your risk.
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@Tejas0x
Tejas Chitnis
1 year
Step 2: Bet on @ZeitgeistPM that Ether will be below $4000. If you are right, you will get a 70% return.
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@Tejas0x
Tejas Chitnis
1 year
Step 1: At the time of writing, ETH is at $4030. To long ETH, you can use perpetual protocols like @GMX_IO @perpprotocol or something similar, with about 3x leverage.
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