I'm honored & excited to accept the Head Chef role at
@SushiSwap
. The trust the community & team have placed in me to help shape the next stage of the Sushi protocol gives me pause & reflection on what Sushi stands for, a community project for everyone. /1
It seems the
@SushiSwap
RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.3M loss (about 1800 eth) from
@0xSifu
.
If you have approved , please *REVOKE* ASAP!
One example hack tx:
Presently, Sushi holds ~30.6M USD in assets. Our burn rate is ~5M USD/yr. Also, we're on pace to earn an annualized return of ~14M USD in new fee revenue. As a result, we're positioned for high growth to become the premier cross-chain DEX with our 2023 roadmap.
I am excited to share the vision for
@SushiSwap
's new token model. I've posted a brief tl;dr write-up on the Sushi forum & linked the entire proposal. We look forward to your questions & feedback.
Today has been interesting. Let me be clear: the accusations towards me are 100% untrue. FYI, in 2019, my business partner stole funds from our community while I was busy raising funds to launch the Bitfineon exchange. /1
1/ The countdown is over
#Coretoshis
, it’s here 🔶 Introducing Non-Custodial BTC Staking: Making BTC a yield-earning asset without leaving the Bitcoin Network, for the first time in history.
@C4liCrypto
The argument of "that's like me donating $100" is so stupid. NO, it's not. 25m has a much greater impact on the financial needs of those battling this disease, certainly greater than your measly $100, Karen. Maybe encourage more rich/wealthy to follow his example, not blast'em.
I'm giving away an
#ALQO
masternode to 1 lucky follower to ring in the 2020 New Year! (10,000 $XLQ, $150 USD value)
🕰️Time: January 2-6
👨🏫Rules:
1⃣ Follow
@jaredgrey
&
@ALQOCOIN
2⃣ Like this post
3⃣ Retweet this post
4⃣ Tag 2 friends who love
#masternodes
#crypto
#giveaways
Shill me your best altcoin project. I'm looking to give the most deserving project a free listing on
@bitfineon
. Be sure to include social media and weblinks, not only cashtags. Go!
I'm pleased to report that
@captgeeky
& I have completed the first draft of
@SushiSwap
's new tokenomics & will present it internally next week. Stay tuned for the public draft in 2-3 weeks.
As I promised in Sunday's tweet regarding Sushi's Budget Snapshot for 2023, I am making the DAO operating costs public. Transparency is a critical component of a successful DAO. You can see most budget costs are salaries. 1/
Crypto empowers us to regain our financial privacy. I'm giving away one (1)
#Monero
$XMR in advocacy of this fact.
Enter to Win:
🕰️Time: January 6-9
👨🏫Rules:
1⃣ Follow
@jaredgrey
2⃣ Like this post
3⃣ RT w/ "I support financial privacy"
4⃣ Tag 2 friends
#crypto
#righttoprivacy
Earlier this year, we made an initial community-wide proposal for reshaping Sushi's tokenomics. Since then, we've crafted an updated model based on your feedback. Please review the new proposal:
I'm speaking about DeFi/Web3 at Harvard this week. One of my greatest joys of building in crypto is helping educate people about how our industry empowers people globally. So I'm excited to spread the word!
What's happening now with FTX is despicable. Yet, it's created a perfect storm for our industry to push forward on what drew many of us here, decentralized philosophy, revolutionary technology, & global financial opportunity. 1/3
@Horus1618
@Cryptopia_NZ
They're actually stating the exact opposite. Those accounts on the exchange were held in trust and the property (crypto) is owned by the account holders, not the exchange.
Ok! It's time for a
@SushiSwap
thread regarding the past 2-3 weeks of software/biz dev, & DAO activity. People told me they find these thread updates helpful, so I'll continue posting them. Alright, keep reading... 1/
Sushi's new DEX & aggregation product stack will innovate & increase the opportunity for profitability for its liquidity providers (LPs). A thread 🧵 on what to expect as an LP & holder of Sushi in 2023. 1/
During the Head Chef election at
@SushiSwap
, I vowed to renounce the 250k USD severance package offered to candidates. I begin my tenure by announcing those funds are earmarked back to the treasury to help growth.
As promised, here's my thread on the Sushi Kanpai proposal, why it's essential to the fiscal security of Sushi, and how Sushi's upcoming tokenomics helps bring realignment of value to its core customers, LPs, securing the DEX for the future. 1/
Dropping a note of gratitude to all the security teams, whitehats, & fellow protocols assisting Sushi in the recovery process. We meme & are sometimes critical, but we stand together in times of need. 🙏
Current plan SUBJECT TO CHANGE is to wait as long as it takes until there’s a reputable dex with at least somewhat low chance of exploit before adding back very modest amount of liquidity.
As 2023 approaches its close, I feel gratitude. Nearly a decade ago, I ventured into this industry to make a difference in people's lives by making transparent financial technology more accessible.
Maybe an unpopular opinion but I don't see much innovation in DeFi concerning real world utility. Most of it focuses on circular liquidity "utility" & little real world application. Exchanges & lending products achieved the greatest product market fit but what else?
I'm getting DMs on social media from news agencies asking about
@SushiSwap
's treasury exposure to Alameda/FTX. The answer is: none. Our operations & treasury addresses are public & we're liquid.
Seriously, the amount of psyops, negativity, & hate that gets tossed around on CT is disgusting & seems to increase every cycle. It's not about having thin skin; there's 0 reason to tolerate toxicity masquerading as feedback. You can be decent & get your point across.
Disappointed that every "successful" token model is just a giant mouse trap that doesn't promote real value. Few protocols get value alignment right with their tokenomics. I get it, it's difficult, but the industry has largely failed holders/users. We can do better.
The
@SushiSwap
team would like to thank Lido for their guidance in our outreach to the
@LidoFinance
community for the return of exploited funds dispersed to validator stakers. We've posted a proposal:
@johncatsjr
I initially read her last name as Chewbacca, which is a slight on him, an intergalactic rebel fighter who fought to restore freedom to the galaxy, while this monster wants communism, & not even having the courage to use it by its name... while threatening "any means necessary."
Some ideas to help our industry heal from FTX's failing:
1. Less, ideally no, reliance on centralized providers.
2. Better decentralized solutions - easier UX; obfuscate away complexity from users.
3. Gamify education of tech for users.
4. Prosecute bad actors with current laws.
I have always operated with integrity in this space; you can reach out to anyone I've worked with directly over the years. I've had business failures, which CT likes to scrutinize, and I'm OK with that because it comes with the territory. /3
We’re currently all hands on deck working through identifying all addresses that have been affected by the RouterProcessor2 exploit. Several rescues have been initiated, and we are continuing to monitor / rescue funds as they become available.
Head Chef Recap; Week One: My first week with Sushi as Head Chef began by returning the funds allocated for the H.C. severance package ($250k) to the treasury; I'm here to focus on Sushi's success. /1
We've been working hard to secure this deal. I couldn't be happier to share the news with those who stood by us through the process. I'm excited to share in the journey with our new partners and make Bitfineon what it was meant to be all-along, a powerhouse exchange.
#ALQO
$XLQ
It has been a while since I released a
@SushiSwap
thread. So with the RouteProcessor2 bug handled & users refunded, it's a good time to drop a thread on Sushi happenings. 🧵 ⤵️ 1/
In typical CT fashion, there's an inordinate level of irrationality, misinfo, & outright falsehoods circulating regarding the recent Sushi proposal. I will do a tweet thread later today & break it down.
We've been quiet lately at
#ALQO
, because we're deep in the dev lab on some massive changes. I'm super excited to share what we're working on in the very near future. $XLQ
The investors & I found out, fired him, and refunded the affected users. Here's our Medium post from 2019 about it:
Today's post includes some other accusations, which are false as well. /2
I'm sick of war. I'm 42 years old, and since elementary school, it's been war, war, war. I've had friends who served, deployed, and never made it home in two different conflicts. And I still remember what it felt like as an older brother to hug my younger brother as he deployed
#ALQO
presents
#DeFs
, a decentralized ecosystem for financial services, a new project focus and roadmap, to integrate
#DeFi
into retail ready financial services. $XLQ
Read the new ALQO 2.0 light paper:
The
#ALQO
team will showcase its new roadmap & project pivot next week. It includes a focus on
#DeFi
, new financial services web & mobile apps, built on our new
@substrate_io
&
@Polkadot
parachain.
The
#ALQO
team is grinding every day, building value in our ecosystem. Reclaiming & exceeding past glory & crushing goals. I'm here because I love what we're making & am committed to our community. Join us. $XLQ
Some quick notes on
@SushiSwap
, post-exploit.
1. You can now safely swap/trade on Sushi.
2. We've removed the exploited contract.
3. Please confirm you've removed approvals for the exploited RouteProcessor2 contract here:
@AOC
Members of Congress should live in Army-style barracks on a Congressional-base and given a per diem, not 174k+ to pay for multiple homes while making 2x the standard median of income per household where they live. You will not find sympathy from anyone for your new "hardships".
We're very close to launching v1 of
@eons_finance
. I don't think
#defi
is going anywhere, regardless of the recent price action on
#Bitcoin
. Yield will remain significantly more attractive in our industry vs. TradFi. Stay tuned for more upcoming news regarding $EONS.
1/ I decided to post this article in long-tweet style to gauge interest in this format. In this thread, I detail the synergistic relationship between
@bitfineon
's unique
#Sharepool
program and the
@ALQOCOIN
cryptocurrency, ticker $XLQ.
We're in the process of listing
@WeAreTellor
on
@bitfineon
. I bought some $TRB at Hotbit to test, they're charging a 0.3 TRB ($5 USD) withdrawal fee.
#Bitfineon
's fee? 0.01 TRB ($0.16), oh &
#NoKYC
. 👀