CodePhobic
@codephobic
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Building defi protection at @usd8_fi. Auditor @openzeppelin. I post about blockchain trends and opportunities. Tweets are my own opinion.
EVMs
Joined April 2020
Will the $SYRUP buy-back make the price go up? 🧐 The Math: $540k/month in buy-backs removes ~0.17% of total supply monthly. The Catch: That’s a fraction of daily trading volume. Short-term pumps? Unlikely. The Bull Case: Emissions are ZERO. This constant buying pressure
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Opps this doesn’t smell good
Did Aave Labs quietly redirect millions in swap fees away from the DAO treasury? https://t.co/lwXbsbkZPx $Aave delegate @DeFi_EzR3aL just posted some on-chain research. The following thread breaks down his post 🧵 @Marczeller @StaniKulechov @DeFi_EzR3aL
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What happened to $MIRA, their website login in now working, x account does not exist. rug pull?
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a few of my crypto cards are offering stable APY around 8% based on morpho, but currently morpho is only returning around 6%. concerning.
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It is hard to build against large established projects with dominant traction. Tweeter has so much traction it compounds on itself. The 20-80% rule applies, unless the top 20% fuck it up themselves, it is difficult to push them out.
Farcaster is admitting what everyone felt for a while. The decentralized social network never found real PMF. Despite 4.5 years of trying and a few successful adoption spikes. X networks effects too hard to break free from. Instead, Farcaster will focus on being a wallet
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It’s because they don’t play the x game, they don’t need to.
I don’t think people realize how many 8-9 figure whales are quietly using X accounts with less than 150 followers. The follower gap between who looks rich, who is rich, and who is rich-rich is actually insane. The richest guy I’ve ever met online, on-chain verified, is sitting
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opinion - the ve tokenomics are just too complicated comparing to the usual stake and earn model. I am currently holding $pendle, in order for me to yield, I have to lock it, participant in the voting and bribing system. But I dont hold enough to spend all this time, and I dont
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Biggest hidden gem in Fusaka upgrade, most ppl are sleeping on it - added secp-r1 curve support, the default curve used by web2 for everything - login, password, verification etc.. This enables - any modern phone = hardware wallet. No seed phrase, just Face ID / fingerprint.
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Fusaka enables more MEVs. With gas fees being low for 20-40% on both L1 and L2, low and tiny-cap arbitragers can now hunt sub-penny MEV ops that were wallet-draining pipe dreams on ETH mainnet & L2s before. Low-stakes bots just leveled up. DeFi's wild west opens wide.
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before @AnthropicAI there are already AI auditing tools doing great job in the security space, like @octane_security for example. The auditing space might change drastically in the near future, but good security researcher will remain harder to be replaced than developers.
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Honestly Cocoon looks like a project from the 2017 ICO maniac.
🐣 It happened. Our decentralized confidential compute network, Cocoon, is live. The first AI requests from users are now being processed by Cocoon with 100% confidentiality. GPU owners are already earning TON. https://t.co/jDBwQNutH6 is up. 🏦 Centralized compute providers such
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Hot take - Retail is not coming to crypto because they are badly burnt before. my muggles friends are anti crypto without even understanding it.
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I have been following https://t.co/Z1KG633JfW for a while, it is not getting the traction it deserves. I wish more projects get built there.
pears.com
Empowering Developers, Disrupting the Norm!
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You can now borrow crvUSD from curve for 0.73% and deposit into Curve savings for 7.49% APY - thats a 6.76% APY left on the table, better than any banks would pay you. you are welcome.
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as much as I agree with @hosseeb 's point mostly, it is an anecdotal fallacy to compare a single case of e-commerce to Ethereum. it would be better to use a statistic overview. actually Eth is in a bit of danger after the gas increase but most txs are still happening on L2s,
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