Snow Wolf ❄️
Joined February 2021
- Tweets7K
- Following2.5K
- Followers784
- Likes12.3K
Snow9000🔺 retweeted
Cursor was founded in 2022. Let that sink in.
In 2022 we were still in the midst of peak DeFi and NFT mania. ChatGPT hadn't launched yet. Crypto was the obvious career path. Since then, Cursor went from $400k to $60B valuation.
Why did AI excel while crypto stagnated?
You can blame tech, PMF, or talent. But honestly - if Cursor launched a token in 2022, every KOL would've called it "vaporware" by 2023, asking why a VS Code fork with autocomplete deserved such a high FDV.
These products succeeded because investors were locked in long term.
Years from now we'll realise what held crypto back: lack of ambition to build generational companies and the long term thinking required to create them.
Snow9000🔺 retweeted
People crying "DeFi is dead" because the largest lending protocol got exploited shows how risk-averse DeFi has become.
We used to trailblaze experiments like algorithmic stablecoins that offered four-digit yields.
Instead, we became so conservative that DeFi became just lending stables for low single-digit yields.
Now finally, people are realising the yield doesn't justify the risks that come with onchain finance.
I hope this is a wake up call for DeFi - not just for better security, though we need that - but because DeFi's whole point is building products that are dramatically better than and impossible in TradFi.
We need to dream bigger.
Snow9000🔺 retweeted
PropAMMs deliver the best execution in DeFi right now.
Oracle-driven pricing, sub-second quote updates, spreads tighter than most CEXs. However, on Solana where they dominate volume on every major pair, these are black boxes. Closed source, closed liquidity, closed participation. Better prices yes, but with far fewer participants.
A public PropAMM opens this new execution model to the rest of the stack. Lending protocols read the price. Arb contracts interact atomically. Retail LPs and protocol partners can deposit and participate in structured, automated vaults.
That is what LFJ is building with POE.
Snow9000🔺 retweeted
I had the chance to catch up with the @avantprotocol team yesterday, and man, there was a lot I didn't know:
⇒ Like most robust stablecoin protocols, they're using both @HypernativeLabs and @pagerduty
⇒ They're also using @trailofbits for OpSec auditing
⇒ They use @zeroshadow_io for threat response
⇒ They get access to above-market yields by providing sticky liquidity to teams like Ethena and Syrup
⇒ They DON'T use the usual yield passthrough mechanism, instead all of the yield from the unstaked avUSD goes into a reserve which acts as a super junior tranche that would take first losses before avUSDx
⇒ That reserve currently has ~1.3M in it (covering up to a 1% loss in NAV)
⇒ They've been profitable since month 2 (which is wild in DeFi)
In short, they're actually doing way more for risk mitigation than I'd thought, and their strategies (which are still remarkably conservative on the USD side) are fully transparent.
They are still in S1, and rumors are that they're targeting a mid Q2 TGE.
While I absolutely cannot and would never guarantee the safety of a stablecoin protocol, I will say they appear to be one of the good ones, genuinely trying to maximize risk mitigation while squeezing the most yield out of conservative strategies.
Very cool.
Snow9000🔺 retweeted
UPDATE: The korean chads @realsigridjin and @bellman_ych are going to come on @thursdai_pod to talk about the clawd code rust fork.
Don't miss this one!
youtube.com/watch?v=cn0TV0hH…
Snow9000🔺 retweeted
LFJ has officially entered the Prop AMM arena.
After weeks of stealth testing on Monad — processing thousands of swaps to fine-tune the engine — we are ready to solve DeFi’s oldest problem.
Our mission is to launch community vaults that deliver the "holy grail": sustainable yield after Impermanent Loss.
The product you’ve been waiting years for is almost here. Stay tuned.
Snow9000🔺 retweeted
Today I am happy to post one of my longest working papers, the DeFi evolution over the last 9 years.
From @Uniswap , @CurveFinance , @Balancer Evolution to the rise of @HyperliquidX this Paper covers all significant improvements in the last 9-10 years.
I hope you enjoy reading this one. After the last papers were all TradFi approaches, this one comes back to our hometown, DeFi.
(drive.google.com/file/d/1EAx…)
Snow9000🔺 retweeted
500,000 AVAX held in the ColonyLab treasury have been seized by the team as of today.
The AVAX collected from users during the initial launch phase of the project will not be distributed back to token holders. Instead, the team has announced that ColonyLab has ceased operations and that the treasury funds will remain with them.
We are trying to make our voices heard. If you see this tweet, please support us with a retweet and a like.
#CleanCrypto
@avax
@AvaLabs
@Colonylab @Colonylab_TR @aytunc @ElieRest
$cly
$avax
$colony
Update
Now in direct contact with two specialist crypto law firms in the UK and France. Both on full no-win-no-fee basis.
Details already sent. After the call(s) I’ll give you a full update.
Dear community we have identified a serious legal inconsistency that deserves attention. 🧵
@AvaLabs @Colonylab
I am a volunteer to manage the process if you are willing to cooperate and hand in the treasury to ColonyDAO. @ElieRest @Penelope_Avax Please reach me!
Dear community we have identified a serious legal inconsistency that deserves attention. 🧵
@AvaLabs @Colonylab
I also kindly invite @nobsfud @ExcelBaller and all other trusted community members to manage this process.
Snow9000🔺 retweeted
I'm not going to post about this again, and honestly reading the QTs makes me think some of you deserve getting rugged.
They sold all their CAI and AVAX (and maybe CLY didn't verify), 550K avax, and transferred it to binance, where it was obviously liquidated.
If you think they couldn't have found a way to return the money to you after years of returning money to you...
I don't really know what to tell you. Are you interested in buying some tokens of unspecified utility? DM for presale info. I'll accept any size.
All these years they managed to pay out rewards, and do investments and pay out the results of that, but somehow returning the treasury is over the line? Now? In the most permissive crypto environment that has ever existed?
Regardless, the obvious non-ruggy way to deal with it is to just continue staking and passing through staking rewards, since they obviously had precedent for doing that.
They didn't. I don't care what they think about the future of avax. I'm not optimistic about the future either buddy, you don't need to convince me.
They kept the money because they got a legal opinion that they could.
If you just decide to stop paying stakers and keep the treasury for yourself, that's a rug.
You need funds to keep running it? Sell a % of the staking rewards. You don't want to manage it? Sell the right to continue managing it to someone else.
Hell, you could automate this shit FOREVER using sAVAX and a vesting contract and free Vercel hosting for ZERO DOLLARS AND ZERO EFFORT.
They didn't, because it's a rug. Period.
Dear community we have identified a serious legal inconsistency that deserves attention. 🧵
@AvaLabs @Colonylab
If there are any lawyers experienced in crypto, securities law, or consumer protection who are willing to support or advise the community, please reach out via DM.
Transparency and accountability matter.