a good example of vitalik's post
EigenLayer allows the ETH on the consensus layer to be reused (aka restaked)
users will be able to restake their eth or LST with eigen for additional rewards
"With EigenLayer, Ethereum stakers can help secure many services by restaking their staked ETH and opting-in to many services simultaneously, providing pooled security."
here we'll achieve more capital efficiency, but potentially trade it for increased security risks w the Ethereum's core security
from what I understand, Eigen runs on the idea of rehypothecation - where previously pledged collateral is used as new collateral for a new loan
a leverage method that increases both upside and downside
EigenLayer docs:
https://docs.eigenlayer.xyz/overview/readme
EigenLayer allows the ETH on the consensus layer to be reused (aka restaked)
users will be able to restake their eth or LST with eigen for additional rewards
"With EigenLayer, Ethereum stakers can help secure many services by restaking their staked ETH and opting-in to many services simultaneously, providing pooled security."
here we'll achieve more capital efficiency, but potentially trade it for increased security risks w the Ethereum's core security
from what I understand, Eigen runs on the idea of rehypothecation - where previously pledged collateral is used as new collateral for a new loan
a leverage method that increases both upside and downside
EigenLayer docs:
https://docs.eigenlayer.xyz/overview/readme
🤔🤔🤔🤔🤔
translation:
There is bad news:
Layerzero has completed the snapshot, and the coin will be launched in Q2, which is June
Just received the news report, the big brother of the top Lumao studio revealed that L0 has taken a snapshot. The arb and sui he revealed to me before are relatively accurate, this time 99% true
Which addresses will be reversed:
1⃣️Address to start a month
2⃣️The interaction is less than 5 txs
3⃣️Less than 2 cross-chains
4⃣️ Consistent behavior on the chain
5⃣️10 addresses transfer each other
https://twitter.com/0xKevin00/status/1660662660235665408?s=20
[confirmed to be fake news]
translation:
There is bad news:
Layerzero has completed the snapshot, and the coin will be launched in Q2, which is June
Just received the news report, the big brother of the top Lumao studio revealed that L0 has taken a snapshot. The arb and sui he revealed to me before are relatively accurate, this time 99% true
Which addresses will be reversed:
1⃣️Address to start a month
2⃣️The interaction is less than 5 txs
3⃣️Less than 2 cross-chains
4⃣️ Consistent behavior on the chain
5⃣️10 addresses transfer each other
https://twitter.com/0xKevin00/status/1660662660235665408?s=20
[confirmed to be fake news]
X (formerly Twitter)
0xkevin (🖤 , 💙) on X
有个坏消息：
Layerzero已经快照完成了，发币将在Q2也就是6月上线
刚收到线报，顶层撸毛工作室大哥透露的，L0已经快照。之前他透露给我的arb和sui都比较准确，这次99%真实
哪些地址会被反撸：
1⃣️开始一个月的地址
2⃣️交互不足5 txs
3⃣️跨链不足2条的
4⃣️链上行为一致的
5⃣️10个地址互转
Layerzero已经快照完成了，发币将在Q2也就是6月上线
刚收到线报，顶层撸毛工作室大哥透露的，L0已经快照。之前他透露给我的arb和sui都比较准确，这次99%真实
哪些地址会被反撸：
1⃣️开始一个月的地址
2⃣️交互不足5 txs
3⃣️跨链不足2条的
4⃣️链上行为一致的
5⃣️10个地址互转
all in web3 [thread]
a good example of the applications of crypto
“i am a bit tired of seeing VC guys who make 1 on-chain tx a week lament the lack of apps in crypto
my savings are all on-chain
i get paid my salary on-chain
i send money internationally on-chain
i invest in t-bills on-chain
i invest in real estate on-chain
i bet money on sports…”
https://twitter.com/litocoen/status/1660471246893764608?s=21&t=xt6h_jOLBemAr3V4L6XfcA
a good example of the applications of crypto
“i am a bit tired of seeing VC guys who make 1 on-chain tx a week lament the lack of apps in crypto
my savings are all on-chain
i get paid my salary on-chain
i send money internationally on-chain
i invest in t-bills on-chain
i invest in real estate on-chain
i bet money on sports…”
https://twitter.com/litocoen/status/1660471246893764608?s=21&t=xt6h_jOLBemAr3V4L6XfcA
Forwarded from infinityhedge
infinityhedge
$BTC High leverage short term future liquidations. [@infinityhedge]
price is always attracted to liquidity
ledger delays recover feature and will slowly open source its codebase
https://www.ledger.com/blog/ledger-recover-a-message-from-pascal-gauthier-chairman-ceo-at-ledger
https://www.ledger.com/blog/ledger-recover-a-message-from-pascal-gauthier-chairman-ceo-at-ledger
Ledger
We're sorry | Ledger
Please note this page is currently unavailable. Due to new rules in the UK, certain Ledger.com webpages are restricted. We are actively working to get all Ledger webpages available again. Thank you for your understanding.
Synthetix flipped GMX
highlight : you’re getting paid $1.48 to trade $1 on the platform
https://twitter.com/wintersoldierxz/status/1661002538324471809?s=21&t=lMQHRIA22-oGc5LZ26-Tng
highlight : you’re getting paid $1.48 to trade $1 on the platform
https://twitter.com/wintersoldierxz/status/1661002538324471809?s=21&t=lMQHRIA22-oGc5LZ26-Tng
Twitter
It's official: @synthetix_io has flipped @GMX_IO.
Over the past two weeks, Synthetix recorded a trading volume of $2.1B surpassing GMX's $1.7B.
Notably, Synthetix's volume was $300M just yesterday, 5 times higher than GMX's $60M.
A thread on why👇🧵
Over the past two weeks, Synthetix recorded a trading volume of $2.1B surpassing GMX's $1.7B.
Notably, Synthetix's volume was $300M just yesterday, 5 times higher than GMX's $60M.
A thread on why👇🧵
web3 job hunt guide
https://vxtwitter.com/kelano_eth/status/1661097961785552896?s=46&t=US8hdKu5FCAqApEd0gFyVQ
https://vxtwitter.com/kelano_eth/status/1661097961785552896?s=46&t=US8hdKu5FCAqApEd0gFyVQ
vxTwitter / fixvx
Kelano.eth (@kelano_eth)
It took me 9 months to land a 6 figure job in web3.
Here's my story and the ultimate no-BS guide to finally leaving your boring web2 job.
1/17
💖 430 🔁 62
Here's my story and the ultimate no-BS guide to finally leaving your boring web2 job.
1/17
💖 430 🔁 62
looking back on some NFT cash grabs
i had a good laugh ngl
https://twitter.com/lambolandnft/status/1661032050340528128?s=21&t=DanfWg6dI3p-8diF2oomBQ
i had a good laugh ngl
https://twitter.com/lambolandnft/status/1661032050340528128?s=21&t=DanfWg6dI3p-8diF2oomBQ
Twitter
The dark side of NFTs:
A throwback to the worst cash grabs in web3 history 🧵👇
(1/27)
A throwback to the worst cash grabs in web3 history 🧵👇
(1/27)
Dispersion Capital’s backing comes from several high-profile organizations, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Cherubic Ventures, Forte and NGC.
Dispersion Capital’s sole focus is on funding startups focused on "specific layers of Web3, including fintech and gaming infrastructure, security, data, and platforms challenging legacy industries.”
https://cointelegraph.com/news/dispersion-capital-launches-40m-venture-fund-to-bring-web3-to-the-masses
Dispersion Capital’s sole focus is on funding startups focused on "specific layers of Web3, including fintech and gaming infrastructure, security, data, and platforms challenging legacy industries.”
https://cointelegraph.com/news/dispersion-capital-launches-40m-venture-fund-to-bring-web3-to-the-masses
Cointelegraph
Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
Dispersion Capital launched a $40 million fund to support startups working on Web3 infrastructure.
Key takeaways:
• Q1 marked the fourth consecutive quarter of declining investment activity, with startups raising $2.6 billion across 353 deals—down 78.0% and 64.4% from the same period last year, respectively. Q1 2023 also marked the lowest amount of capital invested in the vertical since Q4 2020.
• Late-stage valuations were up a whopping 209%, but that number may be skewed due to a lack of disclosure on down rounds.
• Emerging opportunities include startups working on privacy, data management, and security for Web3 protocols.
https://pitchbook.com/news/reports/q1-2023-crypto-report
• Q1 marked the fourth consecutive quarter of declining investment activity, with startups raising $2.6 billion across 353 deals—down 78.0% and 64.4% from the same period last year, respectively. Q1 2023 also marked the lowest amount of capital invested in the vertical since Q4 2020.
• Late-stage valuations were up a whopping 209%, but that number may be skewed due to a lack of disclosure on down rounds.
• Emerging opportunities include startups working on privacy, data management, and security for Web3 protocols.
https://pitchbook.com/news/reports/q1-2023-crypto-report
Pitchbook
Q1 2023 Crypto Report | PitchBook
The Q1 2023 Crypto Report provides an overview of industry trends and includes a market map of leading VC-backed companies in the space.
BTC
so far three attempts to hold above 27250 has failed (weak)
the most recent pump up imo was a liquidity grab and inorganic by MMs (too many people shorting)
also showing a triple top sign here
any sustained break below 26585 likely signifies lower levels to 25k
based on previous analysis articles shared, a move is probably like to happen this week (whether up or down)
so far three attempts to hold above 27250 has failed (weak)
the most recent pump up imo was a liquidity grab and inorganic by MMs (too many people shorting)
also showing a triple top sign here
any sustained break below 26585 likely signifies lower levels to 25k
based on previous analysis articles shared, a move is probably like to happen this week (whether up or down)
A significant proposition is the “SNX split and buyback” proposal in the post. Warwick suggested a 3:1 split of SNX, followed by a buyback and subsequent burn using the Treasury’s fee yield.
“Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further clarified that the funds required to burn these tokens would be sourced from the treasury fee yield.
https://www.theblock.co/post/231936/synthetix-founder-proposals
“Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further clarified that the funds required to burn these tokens would be sourced from the treasury fee yield.
https://www.theblock.co/post/231936/synthetix-founder-proposals
The Block
Synthetix founder wants to buyback and burn millions of SNX tokens
Kain Warwick, the founder of Synthetix, has announced twelve proposals to incentivize the next phase of the project.
the chain link effect
how great infrastructure will shape and propel the industry forward (eg. Uber)
https://twitter.com/_dshap/status/1661013868183977987?s=21&t=TTP8WYQehH6ZA5eXWx0nfQ
how great infrastructure will shape and propel the industry forward (eg. Uber)
https://twitter.com/_dshap/status/1661013868183977987?s=21&t=TTP8WYQehH6ZA5eXWx0nfQ
Twitter
I tweeted this back in January:
"Chainlink enabled the existence of, and effectively subsidized the growth of the entire DeFi space by creating price feeds and making them a public good. When price feeds went live on Alt L1s their TVL and market capitalizations…
"Chainlink enabled the existence of, and effectively subsidized the growth of the entire DeFi space by creating price feeds and making them a public good. When price feeds went live on Alt L1s their TVL and market capitalizations…
the problem before we can on-board billions to web3
https://twitter.com/jameszmsun/status/1661180440424640514?s=21&t=L_LKyqoZ9LQ0YpbyDY2LIw
https://twitter.com/jameszmsun/status/1661180440424640514?s=21&t=L_LKyqoZ9LQ0YpbyDY2LIw