working on something new @ethena
- Tweets 26,357
- Following 4,591
- Followers 33,288
- Likes 86,999
first stock i ever bought was nvidia
i did a 2x and felt like a genius but crypto was going up more so i sold my position to buy more crypto
i just checked and my 4000 shares would be 160,000 shares today after 2-stock splits
my position would be worth $32m today 💀
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very disappointing reaction ngl
especially considering vitalik came out in support for solana in its darkest hour
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i am a bit tired of seeing VC guys who make 1 on-chain tx a week lament the lack of apps in crypto
my savings are all on-chain
i get paid my salary on-chain
i send money internationally on-chain
i invest in t-bills on-chain
i invest in real estate on-chain
i bet money on sports on-chain
i buy physical collectibles on-chain
and then they go on and make their next investment into a new L1
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just when i least expected it
got the news from my wife who is on an overseas trip rn that we’re going to have a girl
beyond happy right now
everything else instantly became irrelevant
life is beautiful
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tom lee is a lot of things, but he's not exactly a gambler, to yeet $6.5b into $ETH in 3 weeks, I assume he knows something
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$ETH at $3400
Gwei at 35
funding rates ultra low
what is happening?
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Optimistic Rollups like @arbitrum and @optimismPBC have been been battle tested for months, it's time to accelerate, it's time for a mass migration to L2.
I have published a proposal for @Uniswap to start a liquidity mining program on Ethereum L2's to kickstart adoption 👇🧵
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Ethereum is dead... right.
It just added another $2b in stablecoins inflows since this tweet two days ago.
$1b a day.
it’s investable
ticker is called $ETH
circulating stablecoin supply on eth increased by $6b last week alone
if you want to chase high yield in size that’s where you go
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watch this and tell me you’re not bullish on $ETH 🚀
@0xPolygon to @optimismPBC in 2 minutes and $0.10 transaction costs
new users won’t even need to ever touch Ethereum mainnet anymore!
@arbitrum next...
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sui reminds me a lot of mantra
they have complete control over the token supply
25% float - never did an airdrop to community
just a public token sale of ..checks note.. 2.25% of the supply at launch
rest is owned by investors & foundation
future of finance
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The father of my girlfriend just texted me, he wants to buy $100k of $ETH
Can I assume this responsibility ?😅
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L2 networks are paying $150,000 in rent to Ethereum everyday
where do you think that number will be 6 months from now?
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I am reading a book on the history of the @Visa Payment network (formerly BankAmericard) and I can't stop seeing parallels with crypto
1) Memes
Dee Hock, the founding father of Visa knew he had to do first get people accustomed to electronic payments
"Think of it as money"
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washed influencer who made his money with ico’s and lives retired in thailand
mogging the guy who has built our entire industry for bad price performance
fuck this honestly
Great use of your time bro, we were all waiting for your opinion on an egirl’s pregnancy or lack thereof
What’s it like seeing eth at 7 year lows?
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i too would shit talk ETH after seeing my shorts liquidated twice in a row and being down $2m
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honestly did not expect tom lee entering the $ETH treasury play and becoming its biggest shill on television and wall street
not priced in
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i seriously don't care about bear market or not
i am so comfortable and ready to accumulate more $ETH at whatever prices
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binance massively overcharging @arbitrum withdrawals
in what world does it cost more than a L1 transaction?
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when you think about it
visa and mastercard are a Layer-2 of the banking network
payments feel instant
but the real settlement occurs later
when the fraud proof window has elapsed (chargebacks)
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i thought this thing was a joke
but the north korea detection test actually works
i never heard of these two guys again after i asked them to say “fuck kim jong un”
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revolut was so ahead of its time for doing an equity crowdfund
they raised $1m at a $40m valuation in 2016
company’s last valuation was $45b
433 retail investors are up 1000x from their investment
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Optimism is starting to heat up since the re-genesis and removal of the whitelist 🔥
Here's a couple of projects launching soon 👇
@universe_xyz will be the first nft marketplace on @optimismPBC and include minting, social tools, media services and more
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At the same time, its energy consumption will drop by 99.95%.
It will be tiny even compared to traditional payment networks like Visa (0.4% of Visa).
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my gf just re-arranged my clothes and sent me this pic
never gonna collect nerdshirts at conferences again 😭
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on-chain sleuths are the real deal
watch your $HOP airdrop go up while they weed out some more Sybil attackers
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tbh i’m losing a lot of respect for the accounts that bullposted throughout the past 2 years and are now coming out with the cynical takes
no it doesn’t make you look smart
yes there are things to criticise but where was your criticism before?
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i know it's hard to fathom when every goddamn coin pumps 20% every day for the past month
but $ETH has added 58 billion to its mcap in the past 30 days
that's 2x Solana's entire market cap
it's just a different asset class at this point and yet it's path to $10k is inevitable
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$50m net inflows into $ETH etf today.
$23m into Blackrock and $31m into Fidelity.
Picking up steam?
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Being less reliant on the grid is not only a relief for the environment, it will also be *much* harder for state actors to censor the network.
Hundreds of thousands of people will be able to run PoS validators at home.
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I dOnT unDerStAnD tHe tOkEnOmIcS oF L2 tOkeNs
mate they have better business models than alt l1's like solana
business model is easy
they sell blockspace on L2 and buy blockspace on L1 and pocket some nice spreads on the diff while still offering end users 10x cheaper fees
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honestly shocked by layerzero's move here
this is such a bad precedent
completely frontrunning LidoDAO's governance process and its network expansion team to deploy a $wstETH version to Scroll, BNB chain and Avalanche
i think $wstETH holders on Scroll deserve to know that their asset is secured by a 2/2 multisig instead of the trustless Native Bridge nor officially vetted by LidoDAO
imagine the UX nightmare if liquidity for L0's fake version starts to build on these chains and then LidoDAO deploys their own version
this would cause the same fragmentation or worse than the USDC -> USDC.e situation on happening on many chains atm
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it’s investable
ticker is called $ETH
circulating stablecoin supply on eth increased by $6b last week alone
if you want to chase high yield in size that’s where you go
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mind is blown
i have sUSDe collateral earning ∼12%
i have USDC/USDT smart debt on which I pay ∼7%
eventho the debt was paid out to me & i used it to loop into more $sUSDe - it's being used as DEX liquidity
that's right, my debt is earning trading fees & paying itself back
The DEX has not been announced yet but some huge volumes are already going through
What a day to be alive
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After we released this mainnet demo video, we’ve been asked my many people:
“How is this possible?” “This must be centralized”
No it’s not. It’s Hop. It’s magic and it’s been developed by 3 of the biggest giga-brains I know, for more than a year now.
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this has been the punk of my dreams for a long time
have been wanting to pull the trigger so many times but always a tad too slow and it was gone
didnt want to settle for anything else
biggest acquisition in my entire life but it's a testament to my conviction in this space❤️
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ethereum is hard to replicate for many reasons:
- ICO sale open for all at low valuation
- years of PoW for fair coin distribution before switching to PoS
- one in a million founder who is not motivated by money, keeps hustling 10 years in
- lowest inflation of any chain
I don’t think people appreciate how much of a one in a million dude @VitalikButerin is
The dude is made it many times over for years but still lives and breathes Ethereum
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i bought a pudgy penguin to farm the airdrop
i can't claim the airdrop and i am down 10 eth on my penguin
i guess i am now a community member 🤝
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if Polygon manages to migrate its PoS chain with all apps and users to a zk-Rollup in the future it will be a textbook example of progressive decentralization
We asked @sandeepnailwal if @0xPolygon will abandon Ethereum. This is what he had to say.
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went through my stablecoin portfolio this morning
noticed yields are compressing quite a bit lately (6.7% blended apr)
any good ones that i should be looking at?
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Unfortunately, I was let go from Yuga today.
I was in charge of lightning at apefest.
If anyone is looking to hire people with my skills, please DM.
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if there is a winner in this bear market it's probably coinbase
the shift they've made in terms of branding, strategy and execution is simply mindblowing
you can feel their commitment to this space is sincere and they're willing to fight for it like nobody else
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honestly events like these is why i feel so firmly entrenched in the ethereum community
the general risk aversion and culture to call out and discuss systemic risks create a much more resilient ecosystem over time
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Base's growth is absolutely unparalleled.
Has a chain ever risen to dominance within a year of launching?
Base is doing >1b in swap volume daily which puts it on top 3 ahead of most L1's like Sui etc. only surpassed by Ethereum and Solana.
Full overview 👇
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People were bullish on a million new alt L1’s
But now that Ethereum has a dozen of successful L2’s
with much stronger interoperability than disjointed L1’s
They’re suddenly worried about fragmentation?
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not gonna be active for a lil while. i'm marrying a girl (a real one) in a week (wouldn't expect a lot of you to understand) so please don't DM asking where I am (I’ll be with the girl)
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based vitalik
i think they got the message and are working on improving things
time to stop the bullying and realize it's counterproductive at this point
constructive criticism and ideas are fair game ofc
No. This is not how this game works.
The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a "proper board", but until that happens it's me.
If you "keep the pressure on", then you are creating an environment that is actively toxic to top talent. Some of Ethereum's best devs have been messaging me recently, expressing their disgust with the social media environment that people like you are creating. YOU ARE MAKING MY JOB HARDER.
And you are decreasing the chance I have any interest whatsoever in doing "what you want".
Milady.
nitter.app/coinmamba/status/18809…
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jesus how is this guy still getting airtime lol
has he ever done or built something useful for the space?
🚨 MALLERS: “My [Twenty One] co-founders are the inventors of stablecoins, and we built a Bitcoin treasury company.
If the biggest stablecoin creators don’t see an ETH treasury as a good idea, why should anyone else?”
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I have re-submitted the proposal for @uniswap to incentivize liquidity on L2, this time for Stage II of the governance process.
As such, the proposal is much more concrete laying out all the details of the liquidity mining such as length, no. of assets and how to reward 👇
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BREAKING: 5 largest #bitcoin mining pools control 84% of the hashrate
congrats on this @Excellion. seriously.
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it's rare that I get excited about new DeFi projects
the big 0→1 moments in DeFi happen usually happen when a new yield source is unlocked
until now we had:
- staking yield
- lending yield
- basis trade yield
@infinifilabs is producing a new type of yield:
amplified yield
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.@optimismPBC and @arbitrum are now connected 🤝
Here we go @arbitrum👋
Welcome to that protocol in the Ethereum galaxy where transfers happen (almost) at the speed of light 😜✨
Send $USDC & $USDT from Arbitrum to any Hop supported network in minutes and vice versa!
👉 hop.exchange
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liquidity mining on @arbitrum and @optimismPBC is coming very soon
stoked to announce we were able to get an audit by ABDK (@Khovr) which has started today and should be completed in 2-3 weeks.
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ethena withstood the craziest liquidation cascade ever recorded in crypto without a single issue:
- handled $50m in $USDe redemptions
- captured close to $4m in revenue by automatically closing perp positions trading below spot
- shifted over $500m of collateral towards yield bearing stables
insane resilience, i wonder if there's still any doubters left
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holy fucking shit this is historic
@0xfluid has flipped uniswap in volume on ethereum today
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and the 0.4% inflation figure is without taking into account the automated $ETH burn introduced by EIP-1559 ($5b burnt since launch)
taking $ETH burn into account Ethereum will be deflationary
h/t @Swagtimus @ultrasoundmoney
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Ethereum is *one* giant composable network
L2's will increasingly be completely abstracted away for users thanks to @HopProtocol
watch how I withdraw $USDC from @optimismPBC straight to my @coinbase without having to send it to my L1 address first
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yes i have abandoned dydx despite supporting it in the past
the idea of sitting around jerking off promoting some fake charts of cosmos devs flipping ethereum while nobody uses cosmos is gross
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trading on @zksync via @ZigZagExchange is now available in the Argent testflight app ✈️
$0.40 cts for a swap
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