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Dominic Profile
Dominic

@thedhkt

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Advisor @solana

Hong Kong
Joined August 2012
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@thedhkt
Dominic
3 years
What a wild day yesterday was. While having a network outage is never ideal, seeing ~400 individuals across the world, all across different time-zones co-ordinate to manually restart the network never ceases to blow my mind ♥️ Some highlights below:
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@thedhkt
Dominic
3 years
Did you know @solana has a bug bounty program that rewards researchers up to $500,000 USD in SOL for critical bugs? Learn more here 👉
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@thedhkt
Dominic
3 years
🥷Calling all shadowy super coders! This coming weekend @solana will be sponsoring @allesctf ‘s annual CTF challenge, and they’ve prepared 4 especially difficult Solana specific challenges for y’all. Learn more and/or sign up here 👉🏻
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@thedhkt
Dominic
3 years
1/ Excited to share that Wormhole, the bi-directional bridge between Solana and other Layer 1 chains is now LIVE! Starting with support for ETH.
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@thedhkt
Dominic
3 years
Awesome to see teams start to expand beyond simple PFP drops and start to incorporate DeFi elements into @solana NFT projects
@TheSolcietyNFT
The Solciety (6999.9) | ポンプ | veSolmate
3 years
GM ponpu fam! Introducing NFT Stake Locking, Inspired by the pioneering work led by @CurveFinance and @iearnfinance , we're bringing over a battle tested concept from the OG DeFi arena and introducing it into the NFT world to launch our utility token $CIETY. Read below for more👇
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@thedhkt
Dominic
3 years
I see this kind of feedback pretty often, and while it’s true that Sollet’s UI/UX is lacking now compared to other solutions, it’s under-appreciated that it was a first mover when not many alternative options existed a year ago, and was pivotal to making Solana what it is today.
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@thedhkt
Dominic
2 years
1/ Congratulations to the @MagicEden team for their recent raise of 130M To me, Magic Eden has been a project that has been years in the making I've known @0xLeoInRio since we were kids in Melbourne, and he's always been switched on.
@0xLeoInRio
Jack Lu
2 years
1/ Today is an incredible milestone for @MagicEden
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@thedhkt
Dominic
3 years
4/ This is just the beginning, in the coming weeks Wormhole will be looking to add support for Terra as well, upgrading it to a 3 way cross-chain bridge. And I’m sure there’ll be more to come thereafter.
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@thedhkt
Dominic
7 months
Was awesome to catch up with @boxmining today at the Hong Kong @hackerhouses
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@thedhkt
Dominic
3 years
Wholesome
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@thedhkt
Dominic
3 years
Apes strong together
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@thedhkt
Dominic
3 years
ser I think I have a problem, I think I'm addicted to @cryptokickers , I can't stop minting new kicks my latest drop are corgi-kickers pls halp
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@thedhkt
Dominic
3 years
1/ Hang in there @MeherRoy ! Learning from you on the @epicenterbtc podcast and hearing your excitement and passion in those episodes was one of the key drivers that convinced me to go into crypto full time several years ago
@crainbf
Brian Fabian Crain
3 years
I have been able to visit @MeherRoy a few times. He started his chemotherapy and is handling it with great strength. He also started a blog so people can follow along his journey:
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@thedhkt
Dominic
3 years
Pepelaugh
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@thedhkt
Dominic
3 years
Dad, are we there yet?
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@thedhkt
Dominic
3 years
2/ Details from initial test transactions on Mainnet Beta using the bridge show: - ETH to Solana = 70-80k gas (~$15 @ 150 gwei) in ~20 seconds - Solana to ETH = 180k gas (~$50 @ 150 gwei) in ~24 seconds
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@thedhkt
Dominic
3 years
Excited to see how TVL changes across @LidoFinance and @MarinadeFinance in the coming weeks now that this is live
@FTX_Official
FTX
3 years
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@thedhkt
Dominic
3 years
Up Only
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@thedhkt
Dominic
3 years
8/ A big shoutout to all the guardian nodes that came together over the past months to allow us to launch this together.
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@thedhkt
Dominic
3 years
PSA: If you're looking for or organising satellite events around @solana 's Breakpoint Conference in Lisbon you can find it all here. Looking forward to seeing you all there!
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@thedhkt
Dominic
3 years
LFG
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@thedhkt
Dominic
3 years
3/ @certusone first announced the bridge in Q4 2020 with a minimal MVP available on testnet. Today, it’s live, fully audited and ready to support any cross-chain transfers between ETH and Solana.
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@thedhkt
Dominic
2 years
6/ Now 9 months later, they're now dominating the NFT market on Solana. I couldn't be more proud of the entire Magic Eden team. They've worked incredibly hard to get here and are only just getting started.
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@thedhkt
Dominic
4 years
It's hard for anyone not to respect @synthetix_io , @kaiynne and the core contributes as they undertake this transition to @optimismPBC , and their careful consideration on how to approach it. Some notes below...
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@thedhkt
Dominic
3 years
Kekw
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@thedhkt
Dominic
3 years
@IDrawCharts I think about how we can help developers/the ecosystem to take it to that next level, and I suspect the key is encouraging more open source development, allowing new teams to quickly iterate off each other, and challenge themselves to constantly improve.
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@thedhkt
Dominic
3 years
5/ In addition to that we’ll be working with wallet teams to integrate cross-chain transfers powered by Wormhole within their applications.
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@thedhkt
Dominic
3 years
6/ Having recently announced the Solana hackathon I’m super excited to see how developers leverage the bridge for their submissions this time around.
@solana
Solana
3 years
1/ Announcing the Solana Foundation x @ProjectSerum DeFi hackathon! 🏆 Up to $400,000 in prizes 🌍 Anyone with an Internet connection can join 🗓️ Runs Feb. 15 - Mar. 1, registration is now open Sign up & learn more at
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@thedhkt
Dominic
3 years
This is awesome. I feel like people are only know starting to understand how powerful these metrics can be for DeFi.
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@thedhkt
Dominic
3 years
1/ Inflation just went live on @solana so I wanted to share some personal opinions on delegation strategies.
@solana
Solana
3 years
Staking rewards are now live on Solana Mainnet Beta. 🎉 Congratulations to the entire Solana ecosystem for reaching this milestone in censorship resistance and decentralization. You can learn more about this community-led effort here 👉
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@thedhkt
Dominic
3 years
1/ Staking derivatives have been one of the more exciting DeFi primitives, and I'm particularly excited on how they'll play out on Solana versus other ecosystems for a few reasons
@ChorusOne
Chorus One
3 years
Over the last 3 months, we have made rapid progress behind the scenes. This is the story of our journey in building the liquid staking solution for the fastest blockchain in the world #Solana @LidoFinance @solana
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@thedhkt
Dominic
3 years
@joemccann @solana @ethereum While I love how this might portray on the surface I think this can be misleading. Solidity and ETH DeFi has been around longer, more open source projects on ETH vs SOL, some SOL exploits don’t seem to have been accounted for as others have pointed out.
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@thedhkt
Dominic
3 years
1/ A lot of great points here, only comment is that I hope @solana doesn't come across as trying to 'hide' the trade offs. There *are* tradeoffs. Challenge is that people don't take the time to *understand* the tradeoffs and how they truly compare with each other _objectively_.
@kaiynne
kain 🍊
3 years
Something I’m a little concerned about given the recent interactions I’ve had with the BSC and SOL communities is that they seem to be genuinely gaining organic traction. Much more so than say EOS or Tron last cycle. I have some thoughts about this…
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@thedhkt
Dominic
3 years
Pretty awesome to see NFT's on Solana start to intersect with the modern art space, they even have a Solana wallet integration so you can actually bid for the piece in SOL tokens too!
@DDT_Store
DDT Store
3 years
“WAKE UP BEFORE IT’S TOO LATE” by #YusukeHanai silent auction NOW on The unique art piece consists of an installation work, a painting & animation, secured with @solana blockchain. ENDS ON: 16 AUG 12am (EDT) /12pm (HKT) @ARR_ltd @DDT_Store
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@thedhkt
Dominic
3 years
Legit, I've just got the video on loop. Oh and yeah there's a pretty neat hackathon around the corner. Don't miss out.
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@thedhkt
Dominic
2 years
5/ Literally *within 2 weeks* of that conversation, he and his future co-founders ( @sidazhang , @ZhuoxunYin & @zhouzhuojie ) came back with an MVP. *Another 2-3 weeks later* they literally had something that was ready to go live. Fucking insane 🤯
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@thedhkt
Dominic
3 years
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@thedhkt
Dominic
3 years
Legend
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@thedhkt
Dominic
3 years
@LidoFinance @MarinadeFinance Essentially stake in Lido/Marinade for yield, deposit stSOL/mSOL back into FTX and use as collateral to lever up on some derivatives. Would also love to see others like @mangomarkets consider support for this as collateral too.
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@thedhkt
Dominic
3 years
Should @also check out @sandraaleow ’s thread on this earlier re: NFT projects in other ecosystems who have also been experimenting in this vein
@sandraaleow
Sandra
3 years
NFT projects are starting to adopt utility token cash flows in their project strategies to give yield/passive income to NFT owners. 🧵 This is a deep dive + analysis on current projects with utility tokens attached to them:
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@thedhkt
Dominic
3 years
LFG
@solana
Solana
3 years
Save the date. 🇵🇹
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@thedhkt
Dominic
2 years
4 / We worked from the same office for a period. and one day we were discussing Web3 verticals that were ripe for disruption. At the time NFTs was still nascent on Solana and UI/UX for marketplaces was still really janky. So naturally I suggested he build an NFT marketplace
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@thedhkt
Dominic
3 years
@hoaktrades Wholesome AF
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@thedhkt
Dominic
2 years
2/ Realising his talent, I first tried to convince him to leave Google and join us at @solana *back in 2019*. It was me, @aeyakovenko and him in a room, explaining Solana's vision, and Proof of History. Suffice to say, we were unsuccessful haha
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@thedhkt
Dominic
3 years
14/ All this is to say, *spread out your stake*! Your decision matters, and they define the censorship resistance and culture of the network. So choose wisely, I know I will be!
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@thedhkt
Dominic
3 years
@thetaseek @CreamdotFinance This would be neat, but still needs to be voted in via a governance vote first. Hopefully soon.
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@thedhkt
Dominic
3 years
2/ You and @crainbf always had this amazing ability for being able to break down the most complex concepts into something that even a pleb like me could understand
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@thedhkt
Dominic
3 years
5/ But here's a thought experiment, imagine this scenario @kaiynne : - Solana @ 500 nodes, ETH @ 15,000 nodes - But behind the nodes, is the same number of *human s* operating them - Staking power distribution identical - Same hardware req. differences
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@thedhkt
Dominic
3 years
LFG 🔥
@nil_foundation
=nil; Foundation
3 years
Bridging @solana to @ethereum with SNARK proofs? Yes. Definitely.
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@thedhkt
Dominic
2 years
3/ Fast forward to 2022, @0xLeoInRio reached out saying he was ready to leave Google to join a Web3 company (spoiler: not Solana). Regardless I ecstatic to see him take the leap. So I introduced him to the team at @FTX_Official , which he ended up joining soon after.
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@thedhkt
Dominic
3 years
13/ Before I get cancelled lel. I’m not saying Solana is just as decentralised as ETH 2.0, there is definitely more friction there - but I think the friction is specifically around technical and operational complexity, not due to capital requirements.
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@thedhkt
Dominic
3 years
6/ Which one is more decentralised? Which one is more censorship resistant? And most importantly, by *how much*?
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@thedhkt
Dominic
4 years
@econoar I don't care if you hate on the protocol, but please don't disrespect the nodes dedicating their time + resources. They're the ones that took on the thankless job to support initial PoS protocol like @cosmos and @solana and now @ethereum 2.0. They share the same ethos we all do.
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@thedhkt
Dominic
3 years
Kudos to the entire team at @blockfolio for working through this swiftly and showing their dedication towards making this right for everyone affected.
@SBF_FTX
SBF
3 years
1) Really, really sorry about the messages in @blockfolio today.
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@thedhkt
Dominic
3 years
@davijlu @DriftProtocol @baalazamon @tamarincrypto Thanks for the kind words ser. I am not deserving, but seeing you guys succeed makes me happy.
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@thedhkt
Dominic
3 years
@Fiskantes @Mable_Jiang @aeyakovenko @orca_so It still leverages Serum swap's pools. So the liquidity and fees there are shared with Serum swap. But it doesn't place orders on the order book like Raydium does.
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@thedhkt
Dominic
3 years
7/ Beyond @LidoFinance expansion into Solana through the good folks at @ChorusOne there are also other great teams exploring a similar vein, such as @MarinadeFinance and @gopartyparrot including the new Stake Pools from the Solana Foundation
@solana
Solana
3 years
Stake Pools are coming to Solana! A thread 🧵
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@thedhkt
Dominic
3 years
@TheCryptoDog You trying to get in before the new 3 week quarantine regulations kick-in?
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@thedhkt
Dominic
3 years
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@thedhkt
Dominic
3 years
🔥🔥🔥
@armaniferrante
Armani Ferrante (hiring)
3 years
We are in the business of foot gun elimination. With Anchor v0.16.0, I'm happy to say that all the common vulnerabilities outlined in this excellent article are addressed by idiomatic usage of the framework.
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@thedhkt
Dominic
3 years
@IDrawCharts I agree that to date in terms of products there is more to be explored. At the same time I do also see this as a natural process in the evolution of the ecosystem. Imitation first, then iterate and refine into specifically enabled products that maximise Solana’s features.
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@thedhkt
Dominic
6 years
A great review of @ArweaveTeam for those who want to understand the technology that powers it. And how it compares to the others within the blockchain space.
Distributed storage technologies generally fall into 2 camps: 1) Storage Marketplaces -> $STORJ, $SIA, @MineFilecoin 2) Storage Infrastructure -> $HOT, IPFS, @0costcloud , $BLZ, @ArweaveTeam .
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@thedhkt
Dominic
3 years
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@thedhkt
Dominic
4 years
Akash x Serum
@gregosuri
Greg Osuri ⟁ d/acc
4 years
. @akashnet_ now proudly hosts @ProjectSerum DEX UI -- this is the first instance a #DeFi app is hosted on the #DeCloud 👏 👇
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@thedhkt
Dominic
4 years
All in all, I'm super excited to see this play out. I'm confident in the @synthetix_io 's teams ability to work through these hurdles and drive the space forward and adoption for L2's like @optimismPBC in the process
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@thedhkt
Dominic
2 years
@0xEdgar Give this man a bug bounty.
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@thedhkt
Dominic
3 years
@IDrawCharts Several of the more prominent projects are still closed source and I appreciate why that’s the case, but hope we can shift away from that. Solution likely a function of better Solana specific security education for developers + more auditors + appreciation that code is not a moat
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@thedhkt
Dominic
3 years
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@thedhkt
Dominic
3 years
12/ Compared to ETH 2.0 which is 32ETH ($59k @ current prices) + ongoing but lower monthly maintenance costs. It’s not that unreasonable.
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@thedhkt
Dominic
3 years
@crypto_rizzo @solana @cmsholdings @terra_money Github: Write-up: If you really want to deep dive on this - the team that developed it are in the Solana discord under the #wormhole channel
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@thedhkt
Dominic
3 years
Thanks again to the @allesctf team for preparing some Solana related challenges for their recent CTF. For those who missed it, some write-ups from the amazing participants that managed to solve some of these challenges have been linked below:
@thedhkt
Dominic
3 years
🥷Calling all shadowy super coders! This coming weekend @solana will be sponsoring @allesctf ‘s annual CTF challenge, and they’ve prepared 4 especially difficult Solana specific challenges for y’all. Learn more and/or sign up here 👉🏻
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@thedhkt
Dominic
3 years
This is such a great initiative. We’ve been thinking about this a lot at @solana as well. I believe blockchain and DeFi focused CTF’s will help bring many new researchers into the blockchain space in an engaging and meaningful way.
@paradigm_ctf
Paradigm CTF
3 years
Paradigm CTF starts in a little over 24 hours. The competition will initially start with 8 challenges. 9 more will be revealed over 3 8-hour periods. Register now:
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@thedhkt
Dominic
3 years
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@thedhkt
Dominic
3 years
@RajGokal You misspelt france.
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@thedhkt
Dominic
3 years
@baalazamon 💪🏻
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@thedhkt
Dominic
4 years
As for whether L2 users should have exposure to the L1 debt pools - that's an interesting question. How do you value the risk users are taking by being the initial batch to mint sUSD on L2 - is that sufficiently risk adjusted such that no exposure to the debt pools is needed?
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@thedhkt
Dominic
6 years
@dfinity very own @ArthurFalls presenting for the first time in Melbourne last night. Lot’s of exciting things in coming up!
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@thedhkt
Dominic
3 years
Real talk Saturdays
@austerity_sucks
Austerity Sucks
3 years
@IDrawCharts @mangomarkets i often get cringe reactions to similar criticism. calling me a "hater" etc in the end, fake communities, grifts, low-effort projects should be called out
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@thedhkt
Dominic
3 years
5/ Here’s an example: TRON has ~1.3k nodes. But almost all of them are operated by a single entity. It’s centralised AF. It wouldn’t really move the needle regardless of how many different nodes you delegated to.
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@thedhkt
Dominic
4 years
Initial migration plan: - Deploy contracts on L2 without exchanges - Take a market driven roll-out (i.e. migrate features from L1 to L2 in line with user-behaviour/demand) - Allow users to mint sUSD on L2 and earn SNX
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@thedhkt
Dominic
3 years
1. Brought up Matt Levine's column: 2. Ctrl + F for FTX 3. 😍
@mattyryze
Matthew Graham
3 years
just here to say that FTX made Matt Levine's latest column
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@thedhkt
Dominic
4 years
Woohoo! Can't wait till Wormhole officially goes live on Mainnet Beta in the coming week. Big thanks to all the Guardian nodes supporting this launch. 🤟
@jumpengineering
Jump Crypto Engineering 🔥💃🏻
4 years
🎉The Wormhole bootstrap testnet just completed its first token roundtrip between Görli and Solana TdS: ... and back:
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@thedhkt
Dominic
4 years
ouft, humbled
@kaiynne
kain 🍊
4 years
Some of the top non-tech leaders in the space imo: @cjliu49 @EidJohann @ashleighschap @hjmomtazi @DeFi_Dad @thedhkt @brendan_dharma @sassal0x @econoar I’m sure I’ve forgotten a ton of amazing people, more likely they are all rounders who escaped my mental filter.
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@thedhkt
Dominic
4 years
Considerations (1/2): - Should SNX on L1 be shut down entirely and migrated to L2 at once instead of progressively? - Is the risk adjusted yield appropriate for those earning SNX in return for minting sUSD on L2 if they have no exposure to the debt pool?
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@thedhkt
Dominic
2 years
@mrjasonchoi @TheSpartanGroup Always got time for you brother, and I couldn’t be more excited about what the future has in store for you.
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@thedhkt
Dominic
3 years
6/ Operators running multiple nodes isn’t always a bad thing though. Consider this example: ETH 2.0 which currently has ~86k nodes, where it's not uncommon that operators also run more than one node. Still, most agree ETH 2.0 is the gold standard for PoS decentralisation.
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@thedhkt
Dominic
3 years
4/ There's no doubt in my mind that ETH is the ultimate representation of a smart contract platform optimised to the wall for decentralisation, and I think that's extremely important.
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@thedhkt
Dominic
3 years
@AndreCronjeTech For everyone who was trying and getting errors earlier, the backend has been fixed now - go ape.
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@thedhkt
Dominic
3 years
And....we’re live!
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@thedhkt
Dominic
3 years
@TheCryptoDog Yah it's pretty brutal. Hope you manage to work something out mate. Canada could still mean you do 2 weeks though if you haven't got the PCR/Anti-Body test ready.
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@thedhkt
Dominic
3 years
Here were all of the Solana related challenges for anyone that wants to try their own hand at solving them: - (0 Solves) - (2 Solves) - (23 Solves) - (2 Solves)
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