VΞryibLΞ retweeted
AAVE has become the second largest app by TVL on Ethereum L1.
For the first time in a very long time, a DeFi app has overtaken Circle in TVL.
VΞryibLΞ retweeted
Dell now accepts #bitcoin. More information about today's announcement dell.com/bitcoin #Dellbitcoin
VΞryibLΞ retweeted
🤡 "I'm e-begging..."
👥 "I'm airdrop-farming..."
👑 "I'm stress-testing the frontiers of the burgeoning global hive-mind's permissionless decentralized economic layer amidst the collapse of the 400 year old Westphalian nation-state paradigm..."
VΞryibLΞ retweeted
Thank you for all the feedback and discussions over the past few days.
In 2024, airdrops are extremely challenging. Sophisticated industrial farms operate millions of bots indistinguishable from real people in behavioral patterns. This renders traditional activity-based airdrops completely useless for building resilient and sustainable communities.
Our airdrop design is unconventional and has its imperfections. But we are proud of the path we’ve chosen and believe we made reasonable tradeoffs. We are rewarding hundreds of thousands of people, creating life-changing opportunities for many of them.
We also recognize that many people are upset, having received less than they expected. We don’t take this lightly. We spent several days and nights looking into reports and double-checking data, to understand the full picture and eliminate any possible mistakes.
We did not identify major issues, but we also recognize that our communication about the nuances of the airdrop design was not clear enough. To address this, we’ve crafted an initial set of FAQs to address your most burning questions.
docs.zknation.io/zk-token/zk…
We are preparing a more systematic way for the community to collect and prioritize feedback, and will do our best to answer the remaining questions in full transparency.
This is just the start of an exciting new phase. Dozens of ecosystem projects have committed to distributing their token allocations to the community (see 🧵 below), and nearly 50% of the total token supply is still reserved for the community overall.
Claiming starts June 17th. Stay tuned for more updates.
VΞryibLΞ retweeted
ok I finally understood what toly means by:
"economic security is a meme"
at first I was super against this concept, but after talking it out over like 200 tweets, I understand the point — and actually it's quite valid
when people think economic security, the typical example is:
"someone buys 33% worth of stake and then does some malicious thing"
usually this means a liveness failure (a halt)
so the higher the marketcap of the network, the harder that attack is
if network market cap is 100B, then the cost an attacker pays is 33B — but if it's 10T, then it's 3.3T
ok so @toly's argument is that this is the highest possible cost for an attacker — and actually there are many cheaper ways of doing this
i.e., they can just bribe low-paid employees at large staking facilities or buy some of the validators outright to get to 33% or close to it
in this sense, he is correct, because economic security (marketcap) gives you a very false sense of security in isolation and using it purely in that fashion is a meme
what matters much more is the stake distribution across as many unrelated machines as possible
hopefully that makes sense — have been fasting for 2+ days with nothing but aeropress and nicotine
remilio
VΞryibLΞ retweeted
We believe crypto will fundamentally reorganize the financial system, and we’re acquiring @Bitstamp to accelerate our vision. Soon we’ll combine forces with Bitstamp’s global footprint, core spot exchange and industry-leading products like crypto-as-a-service, institutional lending, and staking 🔥
VΞryibLΞ retweeted
CSX London has officially kicked off! 🇬🇧
Our Crypto Startup Accelerator (CSX) Spring 2024 program has kicked off, with founders of 25 promising early-stage startups gathered in London.
Over 10 weeks, they’ll learn from each other and receive guidance and resources from our team, speeding up their path to product-market fit and setting them up for long-term growth and success.
The CSX Spring 2024 participants beat out a very competitive field to get here. We received applications from across the world, and the cohort includes founders from eight different countries: Israel, Japan, Poland, Romania, Switzerland, United Arab Emirates, the United Kingdom, and the United States.
The founders of these 25 companies have an ambitious vision paired with the drive and talent to advance core sectors of the crypto ecosystem, including infrastructure, consumer apps, DeFi, payments, games, dev tools, and DePIN.
Here's a photo of @jasonrosenthal welcoming the teams from all around the world.
CSX Spring 2024 participants:
@Amino_Chain: a decentralized bio-sample marketplace
@CollarProtocol: building the investment bank of the future
@labs_compass: building a new standard interface for DeFi
@0xHungryCats: verification of safe and trustworthy AI workflows
@launchcaster: a crypto product hunt and platform for building smart contract mini apps
@magicblock: framework for on-chain gaming on Solana and SVM
@nebrazkp: an R&D organization that scales and composes proof verification on blockchains
@neynarxyz: developer infrastructure for Farcaster
@nodekitorg: building a shared sequencer to help decentralize rollups and improve interoperability
@NoshDelivery: a decentralized food delivery protocol
@OpenLayerHQ: scaling web3 through optimistic verifiable computation
@opentrade_io: provides institutional lending and yield products for the new digital economy
@PlaymintUK: creating an autonomous world that lets builders create onchain game experiences
@roux__xyz: a culinary platform for the digital era
@Sablier: provides infrastructure for token distribution in web3
@scryptedinc: building at the intersection of AI, gaming, and decentralization
@Spire_Labs: a zk Appchain network with atomic composability
@Strobe_Labs: a DeFi scaling network that enables new permissionless and transparent markets
@taralli_labs: a protocol that enables an efficient and decentralized zero-knowledge proof supply chain Tata Bazaar: a social commerce platform connecting the physical and digital worlds of fashion and beauty
@titlesxyz: builds creative tools powered by artist-trained AI models
@TranchedSocial: automates private securitisation transactions using blockchain technology
@paytweed: wallet and payment solution to onboard consumers in blockchain-based applications
@ValyuNetwork: provides trusted data to AI models and applications
@zkPassport: authentication for government-issued passports with selective reveal of information
Follow @jasonrosenthal, @jay_drainjr, @liz_harkavy, @EmiliejayG, @erikalee, @meigga, & @NoahCitron for more updates throughout the program!
🫡
VΞryibLΞ retweeted
20 small crypto writers to follow for real alpha
@defi_octopus- Analyzes smart money movements
@definapkin- Research reports and deep dives
@explain_briefly- Explains technical concepts in a simple manner
@0xChemistt- Runes researcher
@foxixyz- Unique DeFi insights
@Beacon_Early- Resource for new projects
@0xResearch- Protocol deep dives
@Jackisnotinabox- Recaps, analysis, and more
@zerototom- Trading strategies
@CompleteDegen- Solid yield ideas
@0xSector- Analytics based education
@YashasEdu- Technical overviews on new narratives and projects
@AzFlin- New project ideas
@zezima233- Degen ideas
@AmirOrmu- On chain insights
@0xBlurz- Shares interesting yield opportunities
@marketwizard- Trade ideas. Good to learn from
@Prithvir12- Data driven narratives
VΞryibLΞ retweeted
There's still a lot of money to be made, but it's selective.
A full-blown altseason isn't going to happen.
A narrative-based #Altcoin run will definitely happen, and those returns can be 5-10x.
Multiple times in a cycle.
VΞryibLΞ retweeted
Time to remind you about a life-changing opportunity — $APT 2nd airdrop
$5B was allocated for airdrop and almost no one is farming it.
Become the one who farms this focking under-radar gem🧵👇
VΞryibLΞ retweeted
Since the fall of FTX, only 8 coins have broken their previous ATH vs $BTC.
This stat shocked me when I first read it.
But the more I think about it - the more it makes sense.
A few important takeaways (that can help you maximise this cycle):
1. Asset selection is crucial this cycle. Moreso than ever. Until (and if) there's a retail liquidity injection event, it's likely that we keep experiencing specific sector outperformance.
Last bull run, you could basically bet on anything and beat $BTC.
This cycle, you've been punished for being overexposed to certain sectors (L2, gaming etc.) - and rewarded for being exposed to others (memes, AI, RWA).
Crypto is an attention economy. The money flows where attention goes.
Keep this in mind when constructing your portfolio. Even the best tech won't perform (price wise) if there is no compelling reason to buy.
2. We're seeing ATH dilution. Thousands of new launches per day, low float/high FDV VC coins launching in the billions. With this much dilution - no wonder many alts are struggling to perform.
New launches are outpacing new liquidity coming in.
I'm currently focusing on:
• <$1b FDV alts that have released most of their supply, and have a strong product/narrative/mindshare in their respective niche. I think over the coming months you'll notice a trend of these "older" coins performing well.
• Alts that are leading and price-responsive to pumps within leading sectors (memes, AI, RWA thus far - and in the future, select L1s/strong ecosystems).
• Alts that have launched significantly under (my perceived) fair value, yet have minimal unlocks during year 1 (more of a short-mid term play).
3. This entire bull run (thus far) has been let by #Bitcoin, and more specifically, the spot ETF narrative. Considering this, it's no surprise alts have been underperforming. Aside from memes and a select couple of sectors, most alts have hardly pumped yet (for the reasons mentioned above).
This, in my opinion, is actually a bullish thing. More room to play catch up + BTC leading has been an instrumental part of each prior bull run.
But for a true alt season, we will need additional catalysts. Whether that be sector driven or macro driven (more likely).
Tbh - if you're a savvy trader and good at spotting rotations/positioning, there is still insane money to be made even without the face-melting alt season we all crave.
Many of my friends in the space (myself included) have had record quarters this year even in mildly bullish conditions for most alts.
This isn't to brag, but to remind you that the hustle can really pay off in the right environment - and it doesn't take long to bear the financial fruits of such labour.
All you need is 1-2 strong months per year, and protect your capital during the rest.
_____________________________________
Caveat: The data below specifically references tokens that were launched prior to FTX (2022).
There are a lot of strong tokens (like $PEPE & $WIF), that were launched afterwards.
h/t: @HumaCapital
VΞryibLΞ retweeted
A Flashbots Protect user got a ~$9,500 refund earlier this week
You literally get paid for using Protect, switch your RPC today: protect.flashbots.net/
etherscan.io/tx/0x108d1f6daf…
