Restaking is one of the hottest topics of the year, with EigenLayer's TVL rising by over 600% in 2024.
Our new
#Binance
report explores the restaking market, EigenLayer, restaking on other chains, liquid restaking protocols, and tokens.
Have a read ➡️
@amytongwu
I took one for $2000 once and it was the only time ever for a direct $150 flight to Austin that last 2 hours and they rebooked me for the very next flight like 1.5 hours later with better seats lol
No idea how airlines work
@oviosu
@Jason
Yes Toyota cars are made that way because people are not supposed to steal them.
Ask how many Toyota car owners in Japan get their stuff stolen.
Given the same cars, in Japan they have no issues and in SF they have issues.
Can we conclude what’s the problem here?
@zsk
People who complain about the price forgot that the very first Apple Macintosh in 1984 were sold for US $2,495. That’s equivalent of $7,000 in 2022.
For a highest performance computer with unlimited screens and mix reality, $3,500 is cheap.
@oviosu
@Jason
The point is, more places should be like Japan.
Stop stealing things that are not yours, including cars.
You are missing the point. Let me spill it out:
The problems are not the cars. The problems are the people who steal.
@Jason
Can someone say it straight to their face when you see them:
Being easy to remove doesn’t make it legal to do so.
Just like being easy to attack, women / elderly / children, doesn’t make it legal for attackers.
Is it elderly’s fault that they can’t defend themselves?
What happens when people realized that, vertical scaling (ETH), horizontal scaling (Cosmos), monolithic scaling (SOL) can all be connected seamlessly and trustlessly with
@IBCProtocol
All the chains will be in the background, and users will never have to think about it?
Crypto…
It’s important to know that
@SignatureBankNY
did nothing wrong and was forcefully shut down by the US government using the SVB announcement as a decoy.
Every cycle has winners.
2016 winners were
@Bitcoin
&
@ethereum
Bitcoin birthed Ethereum. See
@VitalikButerin
’s earlier posts. Became the flag for censorship-resistance. For the first time, when evil governments shut down innocent citizens’ bank accounts, overspend then steal…
I have a lot of respect for the
@eigenlayer
team and have been listening to their bankless discussions lately. It’s exciting that they are the team that’s introducing the restaking category. Very thoughtful and great explanation & introduction for the entire new concept of…
@0xMert_
@Jason
Can some explain to me why
@jason
pretends to understand how the crypto world works by comparing marketcap of companies with total supply x price of token projects?
Market Cap does not = Crypro Market Cap.
Tokens are not Equity.
This is like comparing lions and cats saying…
We are the first to say IBC EVERYWHERE in 2021
and we are now the only IBC EVERYWHERE in 2024
Why?
Because conviction is hard.
Building is hard.
Consistency is hard.
Do the hard things. You will be rewarded.
Pm
Forever from now,
@ethereum
and
@cosmos
are connected through
@Picasso_Network
and our ETH IBC.
You can’t shut it down. You can’t stop it.
Defi at its finest.
Job’s not finished.
Pm
IBC Everywhere ⚛️ 🎨 🧪
@Picasso_Network
is expanding IBC's reach to the Ethereum Network, enabling seamless asset transfer between the two ecosystems.
Picasso has selected Osmosis, the DeFi Hub, as the destination for Ethereum assets and liquidity in the Cosmos.
@steve_hanke
Is dollarizing a good long term solution?
Any country that is dollarizing should do significant amount of business with the US.
I would love to see stronger trade relationships between the two and it’ll justify dollarizing. Otherwise, economically it doesn’t make sense.
If…
People will look back at our work years from now and realize that this was the historical moment, when restaking across all POS chains + IBC, connected the entire crypto industry and all the communities.
The concept is simple.
Pick your “country” - SOL / TRX / NEAR
Use your…
The best way to launch an ecosystem is fair launch like
@Bitcoin
The next best way to launch it is to start small like
@ethereum
Mastercoin made a mistake and launched big then crashed. That’s why most of you have not heard of it - it was the biggest Ethereum competitor…
Several folks that have recently gotten to know
@Picasso_Network
&
@ComposableFin
asked me how come we are the only ones that are close to achieving ETH IBC & SOL IBC when others have failed or given up?
The answer is simple, we’ve been doing it the longest.
@IBCProtocol
…
🚨 Attention 🚨
😩The wait is finally over
🌐 IBC is coming to Ethereum
🌊Starting with an LBP for $PICA
📅LBP When: Tuesday, March 19th
📍LBP Where:
@FjordFoundry
🎥 Stay tuned for more details on our IBC-ETH rollout
Can you see the future?
When you no longer think about security of bridges
When you no longer care about siloed liquidity
When you don’t wait for 30 minutes in front of your screen for things to execute / settle
When DeFi is fully integrated onchain
That’s the future that…
Today I like to brag about my partner
@0xbrainjar
- if you have been in the industry long enough, you know O has been in this before all of you.
The real builders and investors know that he is the sharpest and most effective researcher in all of crypto. Almost every founder has…
I suck at traditional learning. All my learning comes from people around me.
My super power is that I find the smartest people who have special powers around me since 2017, and I take their each word and insights seriously.
Some have gone on to be super crypto famous.
Others,…
No more liquidity pool jokes in Dubai please.
The only liquidity pools that you should care about are ones between
@solana
and
@cosmos
and all the
@IBCProtocol
enabled chains.
All of them are connected via
@Picasso_Network
Permissionlessly, forever.
IBC is expanding to Solana, thanks to
@ComposableFin
!
Composable & Solana contributors will join tomorrow's Interchain Jam Session for a deep dive on Solana going
#interchain
Join us - let's unfold the first Solana projects to enter our ecosystem ⬇️
It feels good to finally be recognized by the industry peers.
@0xbrainjar
/
@blasrodri
/
@miguelsantafe
and the team begin exploring IBC since 2021 and it’s been a long 2+ years and a lonely journey to be the first and only IBC in production outside of Cosmos.
Recognition of…
"IBC was siloed to the
@Cosmos
ecosystem. In 2023, a number of teams have been working to expand IBC proliferation into the Ethereum ecosystem and its L2s, as well as other ecosystems. The
@ComposableFin
team was the first to export IBC outside of Cosmos..."
-
@Blockworks_
2024 is going to be the year of a lot of success and a lot of regrets.
A lot of “Should’ve done this. Could’ve done that.”
The key to manage these emotions is to have a thesis and stay on it.
You are not going flip flop your way to success in anything and even less in crypto…
@Partisangirl
Journalism should be neutral.
You are saying a group of Israeli security officers deserved to be killed because they didn’t surrender to group of armed terrorists.
You are justifying killings of civilians in the name of Palestine.
The civilians in Palestine want peace - not…
After my long meditation, I had a rude awakening that the blockchain interoperability problem had already been solved by
@wormhole
and
@LayerZero_Labs
.
Thank you for all of your support for us expanding IBC - in the end, centralized, permissioned bridges are faster, cheaper and…
🤝 We're thrilled to announce a partnership between Picasso Network and
@redactedcartel
to bring Pirex $ETH (pxETH) into
@cosmos
☁️ Introducing Redacted and Dinero:
Redacted has developed many DeFi products, including Pirex, Hidden Hand, and the Dinero protocol. Today, we…
Most people still don’t understand IBC.
If you are looking to learn more about crypto, please go to chatGPT to ask it to explain to you how IBC works.
Here’s the prompt:
“In the crypto industry, please explain to me why IBC for interoperability is more secure than…
The concept for IBC is so simple.
You literally verify what’s on the chains on both chains
Make them agree with each other
Without having to ask anyone
Then magic happens.
Why do we complicate things?
Pm
No one can predict the future but history can teach us lessons.
The Bitcoiner thought Ethereum is unnecessary, Ethereum thinks Solana is unnecessary, Solana thinks all the other L2s are unnecessary.
In reality if you follow the pattern, the prior always thinks the latter is…
Eyes on the prize.
Prize is the real yield.
First,
@Picasso_Network
’s Solana IBC will generate more real yield than EigenDA. It’s just math.
Then we will prioritize AVSes that want to generate real yield and give back to the
@solana
community 🤫
Good thing is, everyone is…
Every time I’m on CT I am reminded why I committed 1000% of my time since early 2023 on working with and eventually leading
@ComposableFin
/
@Picasso_Network
There are too many people in the stands, cheering and criticizing the gladiators in the arena - the builders.
I…
Oh man oh man oh man
Here comes multichain assets enabled by Picasso Cross-Ecosystem IBC
Every chain will be multichain
Every asset will multichain
Tell me which asset should go from Ethereum to Cosmos?
🎨 Ethereum IBC Launch:
@Fraxfinance
Thrilled to announce a pivotal collaboration between Frax and Picasso, leveraging our
@Ethereum
@IBCprotocol
connection for cross-pollination. This collaboration opens up unparalleled opportunities for secure cross-ecosystem utility.
🔄…
I first spoke with Omar (
@0xbrainjar
) in 2021 about the inevitable future where multiple crypto ecosystems not only co-exist but thrive. The key to this harmonious future is collaboration and cross-ecosystem innovation.
@ComposableFin
🧵
@rexstjohn
I really enjoyed this thread.
The origin of mankind gaining consciousness / intelligence should be another point. Why other animals never did yet monkeys did? And why are there still monkeys?
You really want to build all the permission-less tech, make it 1000% censorship resistant, and ask permissions to go between the ecosystems?
IBC is the only natively-verified, censorship resistant, permissionless interoperability
Everyone else, they can shut down tomorrow
You…
This was the moment that some knock-off interoperability solution said it was better than IBC
You shouldn’t sacrifice security for compatibility or adaptability
Security is non-negotiable for interoperability / bridging
Anyone else says otherwise needs to go read about all the…
Chain abstraction is inevitable.
Cheaper Security / Restaking is inevitable.
Fast & Cheap Settlement / Execution is inevitable.
Interoperable DeFi is inevitable.
Just like Bitcoin + Institutions was inevitable.
Never fight the inevitable.
Pm
There’s no fair competition in this industry.
Ethereum took Cosmos’s POS and ran with it
Polkadot also took POS and then pioneered shared security
Cosmos then took shared security (Interchain security)
Celestia created its flavor of shared security with Data Availability…
Exactly 10 years ago, I got lucky and passed by Dr. Karp, founder of
@PalantirTech
and he gave me the advice:
“Live below your means, and follow your dreams.”
I thought he described how I want to live my life perfectly using such few words.
In crypto, too many people are…
Stepping into the executive director role working hand in hand with founder
@0xbrainjar
is definitely not what a typical Managing Partner of a respectable VC fund would do.
However, there are times to take outsized risk for a shot to have an outsized return.
A chance to lead…
Being able to take outsized career risks in your youth is a superpower. I’m grateful I did that in my early 20s and joined this space. The downside I felt leaving my role at a traditional VC to dedicate full time to crypto (at a time when crypto was taboo among every VC) was…
I was concerned when I first heard how
@Polkadot
established a very complicated system of canary network
@kusamanetwork
in its ecosystem but they pulled it off.
Now with
@ComposableFin
we can compose assets in both networks and work more seamlessly together.
1/8 Centauri, our IBC transfer protocol, is in its Alpha testing phase for the KSM<>DOT connection. Soon, tokens will be able to flow freely between
@Polkadot
and
@kusamanetwork
. Here's a summary of how it works & its benefits 🧵
I wake up thinking about soon I can go from ETH to SOL via IBC without touching any centralized network or ask anyone for permission because of
@Picasso_Network
.
You may not like it anon, but this is what peak defi performance looks like.
Pm
@Starlink
@elonmusk
Zuck tried to give internet for everyone using planes. Failed.
Google tried to do it with hot air balloons. Failed.
Elon’s is absolutely nailing it with satellites.
Why aren’t people paying attention to this?
6 Billion people on the Internet = more access to information =…
Web3 - Restaking layer
=
Web2 - Marketplace for Security
AVS = demand
Restaked Assets = supply
@Picasso_Network
= Marketplace for SOL / TRX / BNB / TIA and X ecosystem security
@eigenlayer
= Marketplace for ETH security
We believe that IBC will be the leader of all AVS…
First AVS on Picasso Restaking Layer = Solana
@IBCProtocol
Restakers will be earning 40% of the fees in and out of
@solana
using IBC to
@cosmos
/
@Polkadot
/
@kusamanetwork
.
We are introducing a cheaper / faster / trust-minimized interoperability solution between
@solana
and…
1/ 🎨 Introduction to AVS in our Restaking Layer on
@Solana
:
The Solana <>
@IBCProtocol
connection stands as the inaugural AVS for the Restaking Layer. We're introducing a fee distribution model specifically designed to benefit $PICA holders and Restakers. 🧵👇
Innovative developments are underway to improve Solana's interoperability capabilities. These could greatly enhance how
@solana
tokens and apps interact with the broader ecosystem.
"Upcoming projects like
@circle
CCTP,
@wormholecrypto
's cross-chain queries and
@JumperExchange
's…
Navigating
@Picasso_Network
: A New Era of Blockchain Connectivity
Our latest report provides a quick deep dive into Picasso Network and covers some of the top potential catalysts into 2024
Read the research here:
I’m going to compile a list of all the projects listed here and have you all rank them and support the top ones.
Follow along to find the best
#NFTCommunity
on CT!!!
How many former or current Kusama Parachains have gone on to become the leading crypto interoperability hub?
First IBC expansion of Picasso (Cosmos) 🔄 Picasso (Kusama) & Polkadot Parachains have been live since Q2 2023.
This is the real 0 to 100 story. With community backing…
Polkadot is about interoperability, not chain maximalism.
Transferring assets between Cosmos 🔄 Ethereum (and Polkadot) is now possible... thanks to Picasso - a Kusama parachain.
Everyone talks about chain abstraction
Everyone talks about “restaking everything”
No one talks about how
They don’t magically happen guys.
You need an interoperability solution that transfers assets and messages across all the ecosystem to enable both of those things to…
The great migration from offchain / trusted bridges to onchain / proof-based bridging (IBC) is coming
Let the hype build up on the promise of going from chain to chain seamlessly
And let the most permission-less / provable interoperability solution win
Pm
VICTORY SPEECH PART 2
"These ideas are based on three very simple premises: A limited government, respect for private property, and free trade...
The model of decline has come to it's end..."
#MileiPresidente
#MakeArgentinaGreatAgain
#Argentina
🗣️We are proud to announce that
@cosmosIBC
has entered DotSama! KSM<>DOT testing is live on mainnet, if you applied for the BETA👇
✅check your wallet for the airdrop of PICA and DOT
✅check your email for instructions
✅join our Discord to ensure you are in the feedback channel
Honestly, I’d much rather my transaction sometimes not go through and pay $0 than paying $50-$100 per transaction and sometimes still don’t go through (how many NFT mints that people paid $500-1000 in the last cycle on eth L1 and never got a mint?)
You can point at L2s but the…
Just tested out
@JupiterExchange
perp.
Up to 100x leverage with practically 0 fees, lightning fast open / close position,
@PythNetwork
live pricing dashboard and super friendly UIUX.
Cosmos / Ethereum defi needs to take notes. It’s the best that I’ve seen in crypto since 2017.…
SOL IBC as the first AVS will bring Restaking to a different level.
This connects Cosmos and Solana ecosystem forever, permissionlessly.
Composable DeFi is here via
@Picasso_Network
IBC Everywhere ⚛️ 🎨 🧪
Picasso Network is expanding IBC's reach to
@solana
Picasso has selected Osmosis, the DeFi Hub, as the destination for Solana assets and liquidity in the Cosmos.
@osmosiszone
🤝
@Picasso_Network
🤝
@jito_sol
@0xMert_
@Jason
Solana is not with $46B
Each SOL is worth $100+
Big difference. If you don’t know the difference, you need to do more research.
SOL is worth 100+ because there are a lot of people want to use services built on SOL or people believe that in the future, they will want to use…
My family is crazy.
is my baby sister’s brand. She just had her own first NYFW runway show with 18 models including my mom - this is my mom and Kobe our family dog 🤣
Check it out if you like fashion. It’s too cool for me.
I’ve been thinking a lot about how 2024 will be.
No one knows, but I am positive about these few things:
- Many plans will not go your way. It’s important to hold flexibility to make decisions based on new information. Many micro decisions will be better than one big decision.…
More often than not, the security of a protocol is discussed in terms of:
1. Total Economic Value of the staked assets (TVL of staked assets)
2. # of validators
3. Positive and Negative incentives for the validators to secure the network
But the
@Ethereum
OGs know that when…
5/7 Speaking of $PICA, this is all possible thanks to the novel cross-chain services of the
@Picasso_Network
! 🧠
👉 Picasso’s
@IBCProtocol
bridge connects the
@Polkadot
,
@kusamanetwork
, &
@Cosmos
ecosystems - making it possible for $TNKR to enter the interchain ecosystem! 😎
The industry will expand this cycle.
As the assets grow in value, the economic security rises with it.
For protocols, security means 2 things:
Incentives - positive (rewarded for good behavior, slashed for bad behavior)
Social - if bad things happen, the community will come…
Friend asked me to hang out and I told him politely that I’m down for 1:1 over food or workout and nothing else
I’m literally working, sleeping, working out, journaling and nothing else
Is that fun? Yeah fuck yeah I’m having the time of my life - this is game time baby if you…