context: a discussion on Rollbit's (RLB) dune dashboard numbers not being real
Hey Wallet
built on SOL, heywallet is a project where you can send and receive crypto just by tweeting
you can tweet something like "@hey_wallet send 1 SOL to @degenspartan" and it will transfer 1 SOL from your account to the degenspartan
Twitter
Site
built on SOL, heywallet is a project where you can send and receive crypto just by tweeting
you can tweet something like "@hey_wallet send 1 SOL to @degenspartan" and it will transfer 1 SOL from your account to the degenspartan
Site
X (formerly Twitter)
Hey Wallet! (@hey_wallet) on X
World’s first mobile wallet built for Twitter/𝕏. Send meme coins to 𝕏 handles & swap them on Telegram.
Forwarded from Ilya Sleptsov
I support the idea that RLB team fairly burns tokens but let me explain what I mean:
1. If you deposit RLB on SOL chain to Rollbit, it will be moved to this wallet with 700M RLB (bridge address, right?) https://solscan.io/account/RBHdGVfDfMjfU6iUfCb1LczMJcQLx7hGnxbzRsoDNvx
2. So there is at least 700M bridged. Looking at top RLB holders, I don't see any address that can potentially be additional bridge address, so I assume there is only 700M RLB bridged.
3. So, Solana tokenomics is:
– 5b initial supply
– ~1.8b fairly burned on Solana chain
– also 0.7b bridged, so real RLB supply on Solana is 2.5b
4. Let's move to Ethereum:
4.1 Rollbit minted 5b RLB and fairly burned ~1.8b (the same amount that is burned on SOL)
4.2 Current RLB distribution on ETH chain: RLB Deployer address holds 2.17b RLB – probably the amount that is not bridged yet from Solana. It means ~1b RLB is bridged to ETH and is already in circulation (you might see this amount as OUT transaction from RLB deployer address.
Key question: why did Rollbit team issued 1b RLB on Ethereum chain while having only 0.7b bridged/locked on Solana? What are they doing with additional 300M on Ethereum?
1. If you deposit RLB on SOL chain to Rollbit, it will be moved to this wallet with 700M RLB (bridge address, right?) https://solscan.io/account/RBHdGVfDfMjfU6iUfCb1LczMJcQLx7hGnxbzRsoDNvx
2. So there is at least 700M bridged. Looking at top RLB holders, I don't see any address that can potentially be additional bridge address, so I assume there is only 700M RLB bridged.
3. So, Solana tokenomics is:
– 5b initial supply
– ~1.8b fairly burned on Solana chain
– also 0.7b bridged, so real RLB supply on Solana is 2.5b
4. Let's move to Ethereum:
4.1 Rollbit minted 5b RLB and fairly burned ~1.8b (the same amount that is burned on SOL)
4.2 Current RLB distribution on ETH chain: RLB Deployer address holds 2.17b RLB – probably the amount that is not bridged yet from Solana. It means ~1b RLB is bridged to ETH and is already in circulation (you might see this amount as OUT transaction from RLB deployer address.
Key question: why did Rollbit team issued 1b RLB on Ethereum chain while having only 0.7b bridged/locked on Solana? What are they doing with additional 300M on Ethereum?
Forwarded from Ian's Intel
[IanGPT] The Solana DeFi Comeback
by FA2
Q3 Key Highlights:
• TVL Growth: TVL in Solana's DeFi increased by 21%, from $2.68B to $3.27B.
• Daily Active Wallets: Consistent engagement with 230K-350K daily active wallets.
• Trading Volumes: Ranged between $15M and $162M, excluding major players like Zeta Markets and Phoenix.
Notable Events:
• MakerDAO NewChain Announcement: To use Solana's Virtual Machine (SVM).
• Media Coverage: CNBC favored Solana over Bitcoin Cash and Litecoin.
• Maple Finance: Returned to the Solana ecosystem.
• EuroeMoney: Made a splashy entrance into Solana.
Protocol Developments:
• Zeta Markets: New V2 upgrade and USDC margined perpetual trading.
• Drift: 50% increase in TVL and MetaMask integration planned.
• Cypher: Focusing on security after a vulnerability, planning an IDO.
LSDs:
• Sanctum: Built a reserve of over 200,000 SOL, NFT partnerships in talks.
• Marinade: TVL reached $146.01M, new incentives planned for Q4.
• JitoSol: 100% increase in TVL, exploring new token launch.
• SolBlaze: 10x increase in TVL, launched new native token $BLZE.
Lending & Borrowing:
• MarginFi: 10x growth in TVL to $23.82M; plans for a stableswap platform and stablecoin in Q4.
• Solend: 50% increase in TVL to $54.23M; introducing support for LSTs and RWA-based pools in Q4.
• Kamino Finance: Over $1 billion in trading volume & $1.25 million in fees for depositors; Kamino 2.0 with additional features slated for Q4.
Q4 Outlook:
• Bullish, with various incentives and improved user experience expected to drive growth.
Source
If you enjoy these IanGPT summaries, let me know by reacting to this post! 🫡
by FA2
Q3 Key Highlights:
• TVL Growth: TVL in Solana's DeFi increased by 21%, from $2.68B to $3.27B.
• Daily Active Wallets: Consistent engagement with 230K-350K daily active wallets.
• Trading Volumes: Ranged between $15M and $162M, excluding major players like Zeta Markets and Phoenix.
Notable Events:
• MakerDAO NewChain Announcement: To use Solana's Virtual Machine (SVM).
• Media Coverage: CNBC favored Solana over Bitcoin Cash and Litecoin.
• Maple Finance: Returned to the Solana ecosystem.
• EuroeMoney: Made a splashy entrance into Solana.
Protocol Developments:
• Zeta Markets: New V2 upgrade and USDC margined perpetual trading.
• Drift: 50% increase in TVL and MetaMask integration planned.
• Cypher: Focusing on security after a vulnerability, planning an IDO.
LSDs:
• Sanctum: Built a reserve of over 200,000 SOL, NFT partnerships in talks.
• Marinade: TVL reached $146.01M, new incentives planned for Q4.
• JitoSol: 100% increase in TVL, exploring new token launch.
• SolBlaze: 10x increase in TVL, launched new native token $BLZE.
Lending & Borrowing:
• MarginFi: 10x growth in TVL to $23.82M; plans for a stableswap platform and stablecoin in Q4.
• Solend: 50% increase in TVL to $54.23M; introducing support for LSTs and RWA-based pools in Q4.
• Kamino Finance: Over $1 billion in trading volume & $1.25 million in fees for depositors; Kamino 2.0 with additional features slated for Q4.
Q4 Outlook:
• Bullish, with various incentives and improved user experience expected to drive growth.
Source
If you enjoy these IanGPT summaries, let me know by reacting to this post! 🫡
Forwarded from unfolded. DeFi
Pantera Capital leads $16.5m investment in ZK-powered DEX Brine Fi at $100m valuation — link
TOKEN2049
Side Events Spreadsheet
Official Side Events 👉 https://docs.google.com/spreadsheets/d/1VsaSldp5dAhx34q_1cRgW_3mEPsbiLPMLGGRfBP5D8w/edit#gid=0
SG Builders 👉 https://docs.google.com/spreadsheets/d/1YhG_76j1LeyScvyu3Ms3_wD0zTFjPYtQRhbzXKIuWHg/edit#gid=1406261759
Side Events Spreadsheet
Official Side Events 👉 https://docs.google.com/spreadsheets/d/1VsaSldp5dAhx34q_1cRgW_3mEPsbiLPMLGGRfBP5D8w/edit#gid=0
SG Builders 👉 https://docs.google.com/spreadsheets/d/1YhG_76j1LeyScvyu3Ms3_wD0zTFjPYtQRhbzXKIuWHg/edit#gid=1406261759
Crypto Mumbles
https://twitter.com/mozaic_fi/status/1699407136495981019?s=21&t=_MQSiXKcqrNKOrNqbFbwdw
Mozaic Finance LBP current ongoing, closes in 30mins
trading begins on CamelotDEX ~1hr after LBP closes
https://fjordfoundry.com/pools/arbitrum/0xEB80C89204BbE46E0D666aA651a4dCE4D751F537
trading begins on CamelotDEX ~1hr after LBP closes
https://fjordfoundry.com/pools/arbitrum/0xEB80C89204BbE46E0D666aA651a4dCE4D751F537
Forwarded from unfolded.
Crypto Mumbles
https://twitter.com/S4mmyEth/status/1699125873876582871
RE: Metamask and their 9% transaction fee on offramping
long thread of email screenshots, but worth the #reads
“A Roadmap For The Future”: How to not only avoid being left behind in today’s world, but a step by step process on how to thrive (next 5-10 yrs will be one of the easiest times in history to get rich)
https://twitter.com/TheRealEstateG6/status/1376533510941507584?s=20
“A Roadmap For The Future”: How to not only avoid being left behind in today’s world, but a step by step process on how to thrive (next 5-10 yrs will be one of the easiest times in history to get rich)
https://twitter.com/TheRealEstateG6/status/1376533510941507584?s=20
X (formerly Twitter)
The Real Estate God (@TheRealEstateG6) on X
A Roadmap For The Future”: How to not only avoid being left behind in today’s world, but a step by step process on how to thrive (next 5-10 yrs will be one of the easiest times in history to get rich)
👍3