trust incentives not people
Joined November 2020
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Just spoke to @cyrotrading
He seems like a really genuine guy.
We are in an incredibly important mind warfare stage of the market.
A lot of people compare these times to when PEPE came out originally.
Believe it or not before PEPE came out there were plenty of memecoins, mongoose shib etc, but the culture was totally different than the one Pepe pivoted us towards. Those coins had thick LPs, and real communities behind them.
Then again we had another culture change with SOL that gradually moved us towards thinner and thinner LPs and quicker extraction.
If we are in this critical stage of the market that will set the stage for the future, we need to not just support the projects we think can make us quick money, we need to only support the projects that act the way we want the market to be in the future.
We have to create examples of this new culture in order to force this new culture.
Cyro is trying to change the culture in a way that aligns with what I want:
- He refuses to do any paid KOL deals
- He wants to launch in a way that has high liquidity
- He doesn’t want things to last 1-2 days anymore, he wants projects that last months, or even years
For that reason, I think $APU on float is the best project on the market rn. I will continue to back people like Cyro when it comes to my longer term holdings.
Remember, every coin you support now, sets the stage for what you will continue to ape for the entirety of the bull market. If you ever had a chance to change the culture and make it much harder for people to extract, you’d support the good guys from now on rather than complain about it and keep doing what you’re doing till you zero out your port.
You will almost certainly wish you have full ported $STONKS in a few days.
Maybe it’s too early, but it’s definitely not too late.
nitter.gq/i/chat/group_join/g211…
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Well, it looks like $DTF is live.
Way more issues than there should have been, due to the dev going silent for several days in the middle of the X account hack + website delay.
But true to his word here, it looks like he deployed and the protocol is online.
Now we wait to see if this all works and a new financial primitive is born.
Or not, and we all go broke.
There was a buy-the-FUD moment where the price literally crashed 85% to 1M FDV (from 5M), only to recover to about 50% where it stayed (~3M FDV) for an entire day.
Now that the dev has actually done what he said and launched this thing, let's see where we go. I'm underwater on my trade here from where I bought in (~6M FDV), alas, but I'll see what happens. The fact that this isn't, in fact, the rug everyone thought it was is the best news.
It's been a rought ride buying into $DTF run by an autistic dev. But I'll give this a chance to see if autism can win.
Allow me to explain.
robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 - The fee accruing token. Protocol fees are converted to ETH and used to buy into providing liquidity through the Protocol DETF.
$DTF-DETF - The DETF token for robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 . This token owns robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01/$ETH liquidity and a reserve vault token of robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01. It keeps these in a custom Uniswap V4 pool exposing ethereum:native and robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 for trading. $DTF-DETF can be minted by paying ethereum:native or robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 A portion of the minted $DTF-DETF is awarded to $sDTF-DETF holders
$sDTF-DETF - The staking token. The $DTF-DETF token is trying to reach a price of 1:1:1 to ethereum:native and robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01. The DETF will mint new $DTF-DETF to try to reach this price. Minted tokens go to sDTF-DETF holders. You can burn $sDTF-DETF to claim $DTF-DETF.
sDTF-DETF REBASES! YOUR BALANCE WILL GO UP.
DO NOT USE sDTF-DETF IN OTHER PROTOCOLS!
Bond - You can buy newly minted $DTF-DETF token at a discount. You pruchase is locked for 30 - 180 days, you choose how long. The minted $DTF-DETF token is staked and locked while the bond matures. That way bond owners also get minted $DTF-DETF.
Old staking was temporary. My apology for the delays. I fund it with my own robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 tokens, minus what I need for the DTF-DETF reserve pool liquidity. I am donating the rest of my holdings to the DTF-DETF as reserve pool liquidity.
TSMR - Yes, you can ignore this now. All staking has been migrated to the DTF-DETF.
SY - SY is just a way to make rebasing safe to use. Meaning, this is how you use sDTF-DETF in other protocols. It is always fully backed by sDTF-DETF.
wSY - This was a temporary adapter for connecting the SY for sDTF-DETF to the temporary staking contract. You don't need to worry about this token. Once you claim your sDTF-DETF you're done. There is no time limit to claim your sDTF-DETF tokens. They are staked while they are wrapped.
There's a new version of this post
Dev is cooking harder than Gordon Ramsay
Allow me to explain.
robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 - The fee accruing token. Protocol fees are converted to ETH and used to buy into providing liquidity through the Protocol DETF.
$DTF-DETF - The DETF token for robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 . This token owns robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01/$ETH liquidity and a reserve vault token of robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01. It keeps these in a custom Uniswap V4 pool exposing ethereum:native and robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 for trading. $DTF-DETF can be minted by paying ethereum:native or robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 A portion of the minted $DTF-DETF is awarded to $sDTF-DETF holders
$sDTF-DETF - The staking token. The $DTF-DETF token is trying to reach a price of 1:1:1 to ethereum:native and robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01. The DETF will mint new $DTF-DETF to try to reach this price. Minted tokens go to sDTF-DETF holders. You can burn $sDTF-DETF to claim $DTF-DETF.
sDTF-DETF REBASES! YOUR BALANCE WILL GO UP.
DO NOT USE sDTF-DETF IN OTHER PROTOCOLS!
Bond - You can buy newly minted $DTF-DETF token at a discount. You pruchase is locked for 30 - 180 days, you choose how long. The minted $DTF-DETF token is staked and locked while the bond matures. That way bond owners also get minted $DTF-DETF.
Old staking was temporary. My apology for the delays. I fund it with my own robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 tokens, minus what I need for the DTF-DETF reserve pool liquidity. I am donating the rest of my holdings to the DTF-DETF as reserve pool liquidity.
TSMR - Yes, you can ignore this now. All staking has been migrated to the DTF-DETF.
SY - SY is just a way to make rebasing safe to use. Meaning, this is how you use sDTF-DETF in other protocols. It is always fully backed by sDTF-DETF.
wSY - This was a temporary adapter for connecting the SY for sDTF-DETF to the temporary staking contract. You don't need to worry about this token. Once you claim your sDTF-DETF you're done. There is no time limit to claim your sDTF-DETF tokens. They are staked while they are wrapped.
There's a new version of this post
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Staking as been migrated to the fee accrual Protocol DETF for the DTF token.
downto.finance/staking
indexedex.com/staking
