While everyone is super hyped up about Ethereum's London Hardfork and EIP-1559, I feel like the upcoming Columbus-5 upgrade on Terra is being relatively slept on.
A thread on Terra’s upcoming Columbus-5 upgrade and why it's a gamechanger 👇👇
this address gaming $FORTH airdrop prob also needs public attention:
1. receives 200 eth from tornado cash
2. sends small amounts of ampl and eth to over 5000 addresses
3. claim $FORTH airdrop 100 days later and profit ~28 million at the time of airdrop
@LSXYZ9
with the proper context, that this message is directed at gumayushi, the second line is more properly translated to:
all champions you play except xayah are as effective as a toothpick ^^
shiny new koin effect
Lido Revenue (annualized) $80.43m
Lido TVL 22bn
vs
Jito Revenue (annualized) $2.8mm
Jito TVL 471mm
we simply long shiny new coin full of hope
17) The Columbus-5 upgrade is in testing stage, and it will be launched very soon although the exact date hasn't been announced yet.
wen col-5?
@stablekwon
@terra_money
🌍
sadly, we'll never know who it was or how he knew
the lesson from this is that airdrops can be gamed by anyone (even team members) with anonymity
we need to start discussing sybil-resistant solutions. I think defi passport or how gitcoin trust verification was done is notable
🚨 do not deposit ETH on
@ArbitrumApe
right now 🚨
it seems that ETH deposit contract is sending ETH to their owner address thru internal tx that can't be seen on arbiscan.
someone got 950 eth stolen.
contract owner's wallet:
(1) Recently, Polygon announced their new data availability layer named “Avail”, which brought some attention to this technology where originally a project named Celestia (previously LazyLedger) was working on.
@CelestiaOrg
@0xPolygon
@Mustafa
bought $NTRN as a trickle-down play from $TIA pump
> great synergies with Celestia as a LST liquidity layer
> main beneficiary of ATOM 2.0 interchain security narrative
> potential to overthrow $OSMO
> connections to $LIDO, P2P both seed backers of both
this case is particularly interesting because no-one could've possibly speculated an airdrop, but the eligibility for it was very gameable by insiders
who could it be? one of the ampleforth investors? or an ampleforth intern?
1) There are three key upgrades in the Columbus-5 upgrade:
1. Burn all seigniorage 🔥
2. Upgrade to Stargate - enabling IBC and protobuf migration (10x-100x tx speed)
3. Ozone and Wormhole Launch
I'll explain each of these key upgrades and their implications on the ecosystem.
안녕하세요 AI x Crypto쪽에 풀집중하고있는 ai sungjae입니다.
다름이 아니라 D/AI 쪽 프로젝트들을 같이 서칭/딥다이브 리서치/공구/노드구동 등등 같이 열심히 하실분들을 구하고 있습니다. (소규모 D/AI 리서치/스터디 그룹)
10~15명 정도 소규모 그룹으로 생각하고 있고 아직 크립토 AI 버블은
14) And Wormhole is a bridge that connects Terra to Solana.
Multiple Solana projects have already started adopting $UST. Saber and Mercurial (Two major stableswap projects on Solana) already has $UST pools and multiple other projects hinting at future collaboration.
15) However, as of now, only the ERC-20 version of $UST can be ported over to Solana which significantly increases friction. With Wormhole, $UST from Terra blockchain can be directly bridged over to Solana with minimal friction, and will lead to more $UST adoption in Solana.
6) Considering the amount of seigniorage that is redirected to community pools, the extra burn is pretty significant.
Also, this creates a clear narrative: More $UST adoption, $LUNA price numba go up.
16) In short, Col-5 upgrade enables a larger deflationary pressure on $LUNA's supply. It also introduces several key infrastructures to increase $UST adoption in the multichain universe.
9) Terra enabling IBC will allow Terra to play a key part in the growing IBC Cosmos ecosystem.
It will also
1. benefit from increased $UST adoption on different zones,
2. capture value across different zones, and
3. more liquidity will flow into Terra ecosystem
5) As of now, a portion of the seigniorage burnt is reintroduced and goes to the community pool and oracle reward pools.
The Columbus-5 upgrade will burn ALL seigniorage, which means all $LUNA used to mint $UST will be burnt.
I found that the address that is likely owned by
@LineaBuild
insiders bought
@JoeLubeCoin
, likely some sort of message that they are sending. A 🧵 on the interesting on-chain evidences I found 👇
✨ A complete walkthrough thread for anyone who wants to dive into Tezos NFTs that answers the following questions:
1. Which wallet do I use?
2. How to bridge/bring XTZ in?
3. Where do I buy NFTs?
4. Which NFT artists should I check out? ✨
4) Anyone can mint $UST by burning $LUNA, and the $LUNA burnt here is called 'seigniorage
This allows $LUNA to be deflationary when more $UST is minted and adopted.
12) Ozone is another killer defi protocol along with Anchor and Mirror from Terraform Labs. It's an insurance mutual protocol that facilitates levered coverage of technical failure risks in the Terra DeFi ecosystem.
7) The next key upgrade to discuss is IBC enablement.
IBC is Inter-Blockchain Communication Protocol that enables Cosmos SDK based sovereign blockchains (Zones) to communicate with each other. It enables you to transfer tokens across zones and run multi-chain smart contracts
미래에서 왓어 이더리움 머지를 막아야돼
지금 내가 무슨말을 해도 안믿을거고 믿기힘드리라는거 알아 지금 서기 2037년에서 글을 쓰고있어 지금 미래는 아비규환이야 이더리움을 차지하기위해 비참해지고있어 내말 잘들어 곧 세상이 이더리움머지를 막아야돼 그러지않으면 무서운세상이 벌어져
13) It will obviously lock up another huge amount of $UST and
bring additional safeguard to the ecosystem, further driving terra defi ecosystem's growth.
3) One of the backbones of the terra ecosystem is its stablecoin, $UST. It's a decentralized algorithmic stablecoin that is backed by $LUNA and price stabilized through arbitragers in a decentralized way.
8) Recently, more and more zones/projects have started enabling IBC (e.g. Osmosis) or have announced intentions of enabling IBC (e.g. Sifchain, Gravity DEX, Secret Network).
10) Along with enabling IBC, the Stargate upgrade implementation will make a transition from Amino to protobuf which does a 10~100x improvement in TPS.
🎨 Collection of NFT marketplaces across different networks ⚔️
A raw but useful list for adventurers looking for niche NFT artists or investors looking to invest in growing NFT marketplaces across networks
2) "Burn all seigniorage". What does this even mean?
Let's first go through a high-level overview of $LUNA's killer tokenomics to understand seigniorage.
🎨 Collection of NFT marketplaces across different networks ⚔️
A raw but useful list for adventurers looking for niche NFT artists or investors looking to invest in growing NFT marketplaces across networks
one thing i love about ai shitter coins are that no t1 exchanges have listed it yet
do you guys remember what REALLY kicked off crazy defi summer? when binance listed sushi out of nowhere.
its coming boys, insane crypto-ai szn
$TAO $OLAS $ENQAI $MAI
there's a huge influx of large Korean gaming companies coming to build their own crypto ecosystem
Netmarble -> $MBX
Com2us -> $C2X
Neowiz -> $NPT
Wemade -> $WEMIX
(they're all publicly listed companies too)
most of them building on klaytn, definitely worth keeping a close eye
1. The MAGIC Wars
"Harvesters are to crv, as Guilds are to cvx"
With the upcoming launch of Harvesters Q2 and guilds/projects such as MDD, Battlefly, and Realm preparing to jump into magic wars, I'm expecting a huge scale magic war that also will bring a lot of eyes to the eco.
some quick napkin math for
@friendtech
shares mcap
at share price 0.1 ETH
mcap: 4 ETH (7.4k)
supply: 40 shares
at share price 0.2 ETH
mcap: 11.4 ETH (21k)
supply: 57 shares
at share price 0.3 ETH
mcap: 20.7 ETH (38.3k)
supply: 69 shares
at share price 0.5 ETH
mcap: 44.5 ETH
seeing $botto, $mai, and $tao rip, i'm formulating a new thesis based upon them
"people have an unexplainable desire to take part in growing and formulating ai autonomous agents"
- this maybe due to subconsciously being exposed to ideas such as roko's basilisk/ai takeovers
-
A thesis thread on Shuffle (
@shufflecom
): on why it could be the next largest beneficiary of the crypto casino narrative.
🎰 🧵
+
and how you could most effectively profit from this wave
D/AI Crypto is going to be much much bigger.
AI is the main story line of humanity and D/AI will soon be positioned as the upright counterpart to centralized AI just like how Bitcoin is to fiat.
D/AI teams are collaborative. We're here with a clear ethos and mission.
He will
8. Arbitrum Airdrop
- As Arbitrum announces an airdrop, the biggest beneficiary of this would be the TreasureDAO community as they are THE biggest, active and vibrant community on Arbitrum
- Would also bring a lot more attention and liquidity into Arbitrum, benefiting MAGIC eco
LTC is being delisted on top 4 Korean exchanges: Bithumb, Upbit, Coinone, and Korbit prob due to its anonymity feature
and it pamps? couldn't be koreans..
"We will launch indirect funds/products consisting of exchange-traded funds (ETFs) investing in virtual assets and futures as soon as possible."
so they're not launching an ETF but rather launching funds/products with crypto ETF exposure. still huge tho
1.1. Magic wars will be a bit different from curve wars as the goal is not only to accumulate $MAGIC, but also legion NFTs and treasure NFTs to boost staking yield.
A lot of guilds/projects will start fighting for $MAGIC stakers and NFT stakers as the Magic Wars emerge.
5. Magic Chain Launch
There have been lots of alfa leaks in discord regarding the Magic's sovereign chain launch on Cosmos
Crypto L1 valuations are nuts, and if we get to see $MAGIC as a reserve currency and gas token for its own chain, oh boy...
john dropping some heavy alpha in
@Treasure_DAO
discord bridgeworld-support channel in response to valid concerns about gas costs for recruits
TLDR: $MAGIC Cosmos chain inc
gaming tx on cosmos. fees less than 1 cent
NFT’s kept on ETH/arbi
Sooner than u think 🥳
fin.2.
and is also working hard to bring more Korean community members into the MAGIC ecosystem
Our social forum:
If you're building a web3 game but need help on the Korean market exposure/marketing, please reach out to us at
@web3stat
or
@sungjae_han
Upbit suspending deposits/withdrawals for ETH and ALL ERC assets from 9/8 to 9/14.
seems pretty absurd to me but nonetheless Korean degens are choosing their horses expecting kimchi premium during the halt.
h.t.
@tobegosuman
Bittensor has the potential to become the first “community value aligned AI”. HF serves all models for free, true, but all the models are trained in a centralized manner, where a single entity decides which dataset is good or bad. Especially for RLHF and alignment, why should
Defi Season 1 on ETH (PoW)
Defi Season 2 on BSC/Matic/FTM (PoS)
Defi Season 3 on Cronos (PoA)
PoW -> PoS -> PoA, people really don't care about decentralization init
4. AMM launch
- A full fledged AMM for TreasureDAO is planned to launch VERY soon
- As we know the magic co-founder
@jpatten__
is also a part of Osmosis team, we can be assured of the quality of AMM and the game-theory behind locks and emissions
fin.
All this will be out within a year, and are you still not magic-pilled anon? 💊
Shout out to
@minebuu_
for magic-pilling me and guiding me through the MAGIC journey! Also shout out to the talented MAGIC team and the lovely community as well
2. Trove Marketplace Launch in June
- Gamified NFT Marketplace/Opensea Competitor which will also enable ETH denominated purchases unlike the current Magic Marketplace
- The fees will be directed to $MAGIC stakers
+ interesting gamified mechanics:
Intern Notes from podcast:
@investlikethebest
with
@gabrielleydon
Due to the recent boom on
@digidaigaku
, I came across a podcast with
@gabrielleydon
from about a year ago and it absolutely blew my mind🤯; his insights into the virtual economy and the NFT space are bewildering.
3.1.
Strider is already developing Project Bilbo: Powered by MAGIC, Project Bilbo will deliver a world-class game designed to attract a mass-market audience into GameFi and the world of Treasure.
Jupiter's first LFG launchpad Zeus launching in 2.5 hours
- Total sales volume: 50M $ZEUS
- $ZEUS token price range: $0.3 - $0.855
- Allocate token amount by price & jump to the next price pool whenever the pool is full
Guess the playbook is buy asap
1.2. As guilds like
@MagicDragon_DAO
start to launch tokens and announce mining, $MAGIC and Magic NFTs will be used to farm the tokens just like how CRV holders benefited from farming CVX.