Aerodrome Largest Farmers
https://twitter.com/ArkhamIntel/status/1698750412793508132
- explains the down only performance of AERO as early farmers dump first epoch gains
https://twitter.com/ArkhamIntel/status/1698750412793508132
- explains the down only performance of AERO as early farmers dump first epoch gains
X (formerly Twitter)
Arkham on X
Aerodrome Finance launched just last week and is already dominating DeFi on Base - briefly reaching $200M TVL in its first 72 hours.
@AerodromeFi currently makes up almost 50% of global TVL on Base!
But what is Aerodrome? And who were the biggest farmers?
@AerodromeFi currently makes up almost 50% of global TVL on Base!
But what is Aerodrome? And who were the biggest farmers?
Synapse
- SYN liquidity provider removed LP and sold holdings
https://x.com/synapseprotocol/status/1698865047324291412
- 9m SYN sold by Nima Capital (allegedly)
https://x.com/wazzcrypto/status/1698832634020016618
- onchain data shows 0x4df sold 9m SYN in two 3.4M tranches on sushiswap for $2.35M USDC, sending prices down by 25%
https://twitter.com/lookonchain/status/1698879573612732464
- SYN liquidity provider removed LP and sold holdings
https://x.com/synapseprotocol/status/1698865047324291412
- 9m SYN sold by Nima Capital (allegedly)
https://x.com/wazzcrypto/status/1698832634020016618
- onchain data shows 0x4df sold 9m SYN in two 3.4M tranches on sushiswap for $2.35M USDC, sending prices down by 25%
https://twitter.com/lookonchain/status/1698879573612732464
Ian's Intel
Synapse - SYN liquidity provider removed LP and sold holdings https://x.com/synapseprotocol/status/1698865047324291412 - 9m SYN sold by Nima Capital (allegedly) https://x.com/wazzcrypto/status/1698832634020016618 - onchain data shows 0x4df sold 9m SYN…
Ian's Intel
Synapse - SYN liquidity provider removed LP and sold holdings https://x.com/synapseprotocol/status/1698865047324291412 - 9m SYN sold by Nima Capital (allegedly) https://x.com/wazzcrypto/status/1698832634020016618 - onchain data shows 0x4df sold 9m SYN…
NimaCapital-linked entity sold NYC condo for $80M
https://x.com/doveywan/status/1698975628811440623
https://www.nytimes.com/2023/09/01/realestate/central-park-south-duplex.html
https://x.com/doveywan/status/1698975628811440623
https://www.nytimes.com/2023/09/01/realestate/central-park-south-duplex.html
X (formerly Twitter)
Dovey "Rug the fiat" Wan on X
not sure what happened with @NimaCapital but seems like a total liquidation of everything not just crypto 👀
Circle Launches Native USDC on Optimism & Base
https://twitter.com/circle/status/1699045142429319321?s=20
https://twitter.com/circle/status/1699045142429319321?s=20
X (formerly Twitter)
Circle (@circle) on X
1/ It’s here. #StableSeptember. The day you’ve all been waiting for - what comes first? How about two launches on the same day?
Introducing $USDC on @optimismFND and USDC on @BuildOnBase, two leading L2 scaling solutions for Ethereum built on the OP Stack.
Introducing $USDC on @optimismFND and USDC on @BuildOnBase, two leading L2 scaling solutions for Ethereum built on the OP Stack.
Visa Adds Solana to their USDC Settlement Pilot
https://twitter.com/solana/status/1699032831643533556?s=20
Source
https://twitter.com/solana/status/1699032831643533556?s=20
Source
X (formerly Twitter)
Solana on X
1/🏦Breaking: Visa Expands Stablecoin Settlement Pilot to Solana
@Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. h…
@Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. h…
🔥3
Aether Protocol, money market on Sei, shuts down.
the post cited the following reasons:
- lack of support from L1 (Sei)
- lack of DeFi expertise on Cosmos
- failed Sei mainnet had negative effects on ecosystem branding
Source
Ian’s thoughts:
- disagree with point 2. Some of the smartest builders out there are building great defi protocols on Cosmos.
- a blanket statement like that is unfair when they’ve failed to launch a simple money market.
- one statement from the post rightly highlights Cosmos’ biggest problem but ends with the wrong conclusion (imho):
“A big part of our customer acquistion strategy was outreach to EVM users, and by far the biggest single piece of feedback was: “Why?” Why would an EVM user download a new wallet and bridge to the Cosmos to use DeFi, when they’ve got Uniswap, Pendle, Aave, Maker, and Frax? There is a reason why the Cosmos has been unable to secure more than 2% of DeFi market share — DeFi here just isn’t good enough.”
the post cited the following reasons:
- lack of support from L1 (Sei)
- lack of DeFi expertise on Cosmos
- failed Sei mainnet had negative effects on ecosystem branding
Source
Ian’s thoughts:
- disagree with point 2. Some of the smartest builders out there are building great defi protocols on Cosmos.
- a blanket statement like that is unfair when they’ve failed to launch a simple money market.
- one statement from the post rightly highlights Cosmos’ biggest problem but ends with the wrong conclusion (imho):
“A big part of our customer acquistion strategy was outreach to EVM users, and by far the biggest single piece of feedback was: “Why?” Why would an EVM user download a new wallet and bridge to the Cosmos to use DeFi, when they’ve got Uniswap, Pendle, Aave, Maker, and Frax? There is a reason why the Cosmos has been unable to secure more than 2% of DeFi market share — DeFi here just isn’t good enough.”
👍3
IanGPT Summary of "Synthetix, A New Hope"
by kain.eth
• The post begins by discussing the challenges that protocols face when deploying multichain and achieving shared liquidity across deployments.
• Due to market and infrastructure limitations, this is not ideal to implement, resulting in fragmented liquidity, leading to a proposal of 3 options:
1. Deploy a fork of Synthetix on every chain.
2. Implement a unified cross-chain protocol where state changes must be pushed to all chains.
3. Deploy an independent instance on each new chain and minimize cross-chain messaging and liquidity fragmentation by leveraging non-SNX collateral.
Focusing on the 3rd Option:
• kain.eth suggests an experiment where Synthetix could deploy perps to Base and enable ETH as the sole collateral. This would reduce the risk of diverting SNX liquidity from Optimism.
• This stems from the challenge that SNX liquidity might not be sufficient to meet demand across all networks. Using ETH as collateral on a new chain like Base could be a way to test whether there's enough demand without fragmenting the limited SNX liquidity.
• If the experiment on Base with ETH collateral works, fees generated on the new network could be used to buy back and burn SNX, thus benefiting SNX liquidity providers (LPs).
• This opens the door for Synthetix to expand to other chains like Arbitrum and Polygon. It also raises the possibility of allowing ETH collateral on Optimism if it turns out that SNX liquidity is constraining trading.
• On the other extreme — if demand for liquidity backed by ETH is much higher than demand for SNX-backed liquidity, a move to its own appchain in the Optimism Superchain might be on the cards to avoid redundancy of the SNX token. This allows for SNX to retain utility such as leveraged sUSD loan on SNX and to form the backend of all protocol governance.
Read the full post here.
$SNX climbed ~15% after the post was published.
by kain.eth
• The post begins by discussing the challenges that protocols face when deploying multichain and achieving shared liquidity across deployments.
• Due to market and infrastructure limitations, this is not ideal to implement, resulting in fragmented liquidity, leading to a proposal of 3 options:
1. Deploy a fork of Synthetix on every chain.
2. Implement a unified cross-chain protocol where state changes must be pushed to all chains.
3. Deploy an independent instance on each new chain and minimize cross-chain messaging and liquidity fragmentation by leveraging non-SNX collateral.
Focusing on the 3rd Option:
• kain.eth suggests an experiment where Synthetix could deploy perps to Base and enable ETH as the sole collateral. This would reduce the risk of diverting SNX liquidity from Optimism.
• This stems from the challenge that SNX liquidity might not be sufficient to meet demand across all networks. Using ETH as collateral on a new chain like Base could be a way to test whether there's enough demand without fragmenting the limited SNX liquidity.
• If the experiment on Base with ETH collateral works, fees generated on the new network could be used to buy back and burn SNX, thus benefiting SNX liquidity providers (LPs).
• This opens the door for Synthetix to expand to other chains like Arbitrum and Polygon. It also raises the possibility of allowing ETH collateral on Optimism if it turns out that SNX liquidity is constraining trading.
• On the other extreme — if demand for liquidity backed by ETH is much higher than demand for SNX-backed liquidity, a move to its own appchain in the Optimism Superchain might be on the cards to avoid redundancy of the SNX token. This allows for SNX to retain utility such as leveraged sUSD loan on SNX and to form the backend of all protocol governance.
Read the full post here.
$SNX climbed ~15% after the post was published.
mirror.xyz
Synthetix, A New Hope
With Synthetix V3 now "live," it is a perfect time to question past assumptions to ensure the community is aligned on the long-term vision. This post will focus on the SNX token and its role in the ecosystem.
👍1
An Arc Boost that goes through the tedious process of reporting scams on twitter for you.
https://x.com/bantg/status/1699364366678687855
*an Arc Boost is a browser extension for the Arc browser
Ref link for Arc
https://x.com/bantg/status/1699364366678687855
*an Arc Boost is a browser extension for the Arc browser
Ref link for Arc
X (formerly Twitter)
banteg on X
🚨 today we are cancelling the apocalypse
i made an arc boost that would go though the tedious process of reporting scam for you.
https://t.co/4aNaJpHGON
i made an arc boost that would go though the tedious process of reporting scam for you.
https://t.co/4aNaJpHGON
🔥3
Banana Gun Presale Round 1
• Friday, 8 September, 17:00 UTC
Source
*not an endorsement. i have zero exposure and i do not intend to participate
• Friday, 8 September, 17:00 UTC
Source
*not an endorsement. i have zero exposure and i do not intend to participate
[IanGPT] Blockchain Privacy and Regulatory Compliance
thread by Ameen Soleimani
• The thread explores a paper by Vitalik Buterin, Jacob Illum, Mathias Nadler, Fabian Schar, and Ameen Soleimani, that discusses the use of Privacy Pools (PP) as a solution to a critical challenge of Tornado Cash: users are unable to prove that they aren't associated with illicit funds without revealing their entire transaction history.
• PP allows users to publish zk proofs that prove that their withdrawal originated from a curated "association set" that excludes known illicit deposits. Association sets specified by the user could range from the full subset of previously made deposits, a set consisting only of the user's own deposit, or anything in between.
• Here's an illustration by Messari that describes the above.
• A consortium of banks could create an association set that only includes customer deposits. thus, any withdrawal creating a proof against this set can be trusted to have gone through KYC and AML procedures at one of the participating banks without revealing which txn belongs to which user.
• Users can still comply with requests to provide proof against an association set that only includes the user's deposit, which can be exchanged with a trusted intermediary, allowing the user to comply with regulations without publicly doxing their information or revealing their complete txn history if unnecessary to do so.
• In short, users can prove regulatory compliance whilst maintaining privacy. PP can thus serve as a neutral privacy infrastructure for bringing public blockchains under regulatory compliance, whilst maintaining censorship resistance.
• This development & research provides a great foundation for policy discussions with regulators.
Links:
- Full Academic Paper
- Video Demo
thread by Ameen Soleimani
• The thread explores a paper by Vitalik Buterin, Jacob Illum, Mathias Nadler, Fabian Schar, and Ameen Soleimani, that discusses the use of Privacy Pools (PP) as a solution to a critical challenge of Tornado Cash: users are unable to prove that they aren't associated with illicit funds without revealing their entire transaction history.
• PP allows users to publish zk proofs that prove that their withdrawal originated from a curated "association set" that excludes known illicit deposits. Association sets specified by the user could range from the full subset of previously made deposits, a set consisting only of the user's own deposit, or anything in between.
• Here's an illustration by Messari that describes the above.
• A consortium of banks could create an association set that only includes customer deposits. thus, any withdrawal creating a proof against this set can be trusted to have gone through KYC and AML procedures at one of the participating banks without revealing which txn belongs to which user.
• Users can still comply with requests to provide proof against an association set that only includes the user's deposit, which can be exchanged with a trusted intermediary, allowing the user to comply with regulations without publicly doxing their information or revealing their complete txn history if unnecessary to do so.
• In short, users can prove regulatory compliance whilst maintaining privacy. PP can thus serve as a neutral privacy infrastructure for bringing public blockchains under regulatory compliance, whilst maintaining censorship resistance.
• This development & research provides a great foundation for policy discussions with regulators.
Links:
- Full Academic Paper
- Video Demo