Give people, programs, and robots credit onchain. ~ ~ ~ get started at app.union.finance
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Sometimes you need more than you have in the moment.
To realize a dream. To cover an emergency.
This is why credit exists.
But why let banks and credit agencies have a monopoly on such a vital resource?
Enter Union, permissionless credit, now supporting USDC on @base.
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🔴 Union v2 is live on @optimismFND!!!
Credit is a critical piece of the Real Economy, its a life line and only source of funding for most people and small businesses.
With Union v2, permissionless, onchain credit is more powerful than ever.
🪞read on: union.mirror.xyz/uPnUm4TLNyW…
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🕹️ Let the trustfallga.me begin.
Details: union.mirror.xyz/Fp7gWLvB1uq…
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🎇Today we took a step closer to a fully community controlled credit network.
Union DAO is born!
medium.com/union-finance/int…
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Introducing the Game of Trust.
read first: mirror.xyz/trustfall.eth/PF_…
play to earn trust: trustfallga.me
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✨Shiny new landing page with sneak peeks of the Union app, that's about to begin beta testing! union.finance/
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We are very excited to invite you to take part in an experimental deployment of @unionprotocol on Polygon.
tl:dr: permission-less credit is live!🚀
medium.com/union-finance/uni…
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🥳 🍾 🎉 Announcing the new and improved Union credit and dao frontend!
{🖤 or RT to support better UX in DeFi}
All the exciting details below⤵️
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Roles we are hiring for:
👩🏫 Community/Marketing Manager
🧙♀️ Senior Smart Contract engineer
👩⚖️Dev. Advocate
🦫Product Manager
More details :unionfinance.notion.site/Wor…
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Union profiles now support more credential badges via @talentprotocol 🎉
Your profile now shows your credentials from:
🌐 @worldnetwork
🔵 @basenameapp
🌿 @LensProtocol
and more!
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Union Beta Testers,
💍Rings are now available to claim via merkledrop. If you were one of the 200 people who made made it past the 'become a member' step on polygon or kovan, you can claim a Ring of Trust NFT.
claim link: union.jewelry
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✨ Version 2 of the Union protocol is here!
It increases the number of address each member can underwrite from the current limit of 25 to 1,000 addresses!
Try it live now on the Optimism Goerli testnet: app.v2.union.finance
Learn More:
medium.com/union-finance/tes…
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Proposal for a Union Safety Module built on @cozyfinance 🦥 & @Balancer
Forum Post: gov.union.finance/t/temp-che…
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👩⚖️ Voting has begun
~UIP8: continues Arbitrum distribution
~UIP 9: continues Optimism distribution
☑️ Make sure to get your votes in by Saturday morning!
tally.xyz/gov/union/
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🍂Enter TrustFall Experiment #1:
If you:
* participated in @viamirror's write race
* donated to @themintfund
* have 3+ @poapxyz's
You can claim a 100 DAI vouch.
See the bottom of the 'Soft Collateral' medium post or the repo for more details: github.com/unioncredit/bulk-…
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💍Introducing The Ring of Trust: a Trustfall experiment
During @ETHLisbon 🇵🇹 this past week we IRL-dropped physical cards that can be used to claim a unique 1-of-500 “Ring of Trust” NFT
Each ring will be able to claim a vouch randomly from $10 to $1K when Union is on MainNet.
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UIP6 has been executed: the number of vouches required to onboard into Union Protocol has been changed from 3 -> 1.
tx:etherscan.io/tx/0x6b51bcbb03…
🍾 💳 Congrats to everyone below who had 1 or 2 vouches in the past, you now have an on-chain credit line: arbitrum.union.finance
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(1/6) 🧵 Welcome to Union 101! In this thread, we’ll be diving into unsecured lending and how to stake and vouch with Union. Let’s get started:
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If you have a ‘ring of trust’ you can now claim trust from: union.jewelry.
The amounts are randomly set($50-$1k) with each $2500 in available credit backed by $1125.
Which means your available credit is effected by the behavior of those who share the same voucher.
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🌐 Week 1 Update of the Union Experimental Credit Network:
It's going pretty smooth so far. No major bug reports. And no one's tried to ape too hard into credit.🤞
P.s. If this is the first you're hearing of Union, read this for extra credit 😂: link.medium.com/TJo7p6cfpib (1/7)
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✨ Announcing the Union Data Dashboard: data.union.finance/
A core component of DeFi is data transparency & reproducibility. And now anyone can get a real time view of the state of Union.
If you'd like to help improve the dashboard, PRs welcome: github.com/unioncredit/union…
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Highlights:
-🪙UNION token is for voting, not for sale.
-🫂Union DAO is live.
-💍Airdrop to "Demo Net" participants w/ a bonus to Ring Holders.
-🦉🧙♀️Airdrop to @indexcoop voters & @cryptocoven holders using @arcxmoney's scores.
- comptroller program is live on @arbitrum & eth.
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Union deploying a USDC credit network on @base means :
🔹 Coinbase users can freely convert to fiat, enabling offchain credit use cases.
🔹 Reduced asset risk for long-term lending
🔹 Easy credit access for businesses accepting USDC
More Details: union.mirror.xyz/su41t2uJ1eJ…
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Union Governance has a new home.
Calling all long form posters, dune data wizards, protocol delegates, and all those who sign and pay for the gas to execute multisig tx's.
Get involved at: gov.union.finance
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Building trust, literally 😆
Thursday Aug 11 @ 2pm EST, catch builders @proofofjake_ , @fraserd_eth, @geraldh0st, & @W_Y_X on our spaces AMA.
We'll be chatting about credit board games, meta-games, and NFT backed credit lines.
nitter.app/i/spaces/1djGXPrVRVdGZ
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🔵The proposal to stream UNION rewards to users of Union on @base has passed.
The proposal has been queued, and will be live after the 24hr timelock.
tally.xyz/gov/union/proposal…
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Union profiles got an upgrade ✨
- linked web3 social accounts help make sure you dont vouch for imposters (ht @airstack_xyz for the api!)
- chain switcher and EOA/SC detection help you avoid some pitfalls of multichain defi
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🎉 Uncollateralized Lending is now live on Optimism!! 🔴
Union is a member owned credit network where anyone can underwrite anyone, be they program or person.
With the launch of V2, you can now use Union on Optimism to extend credit to up to 1000 addresses backed only by trust.
🔴 Union v2 is live on @optimismFND!!!
Credit is a critical piece of the Real Economy, its a life line and only source of funding for most people and small businesses.
With Union v2, permissionless, onchain credit is more powerful than ever.
🪞read on: union.mirror.xyz/uPnUm4TLNyW…
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🎊 Introducing an overhauled Union Interface that loads as fast as any web2 credit app.
Try it now: app.union.finance 🚀
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Early birds get the worm 🐛🍎
Notifications on.
Big announcement tomorrow.
t.me/+UydX7xDclqo1NjRj
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borrowing without having to put up collateral is the most useful feature, but extending trust to others is surprisingly the most rewarding
dont trust me, try it for yourself: arbitrum.union.finance
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What if you could create a bank with your friends? 💸🧸
Join us tomorrow ~ 6pm (CT) ~ to find out how we are solving credit aka uncollateralized lending onchain, why we chose to deploy on @base, and all the fun things you can unlock with this new defi primitive 🗝️
Set your reminders 🔗 nitter.app/i/spaces/1OdJrXRpdXzKX
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How can we build credit models that aren't reliant on off-chain data or permissioned identity?
Given a set of on-chain attributes is it possible to establish sufficient "Uniqueness" to allow for lending to pseudonyms (without losing all your $$)?
link.medium.com/BZusRITNakb
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Union is throwing a Banker's Brunch during #DevConBogota! feat. discussion w/ @jessicarsalomon, @JacobShiach, & disco degen @provenauthority around the intersection of user owned credit & identity.
RSVP: lu.ma/bankersbrunchbogota before spots run out.
Spanish & Beginner Friendly!
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Union is now on @arbitrum.
⚡️live and burning less gas right here -> arbitrum.union.finance
P.s. If you’re part of a DAO that wants to experiment with trust and giving members credit lines, dm me.
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❨ Union dev notes ∘ 1 ❩
- profile urls now work with @ensdomains suffixes
- NPM module deployed for Union-SDK
- @graphprotocol endpoints expanded: docs.union.finance/overview/…
- test coverage for 'v1-core' improved from 89.90% to 98.87%
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salut @EthCCHack'ers!
If youre building something that leverages Union, we're sponsoring $3500 in bounties for the top 3 builds irl or online.
We'll also be giving a workshop on Union & Credit, Saturday @ 11am for those curious to learn more.
Look for the pink shirts! 🫡
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Union credit agreement fits in a tweet:
• Repay at least interest each month
• Interest is 5%
• Don't default on those who trust you
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A community governance proposal [UIP 005: Add an AAVE v3 adapter to Arbitrum] is going live for voting in ~24hrs.
Explore UIP 5 in depth & flag any issues: github.com/unioncredit/UIPs/…
If you've not delegated or claimed your airdrop make sure to do so ASAP, details in next tweet.
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⚠️Support for v1 union deployments has been moved out of the interface main branch to a v1 branch.
Arb and Eth v1 users will be able to continue using it for the foreseeable future via v1.union.finance
This change means faster development and easier support for features only present in the v2 contracts. And maybe even new networks on new chains.
If you notice any bugs please report to github, discord, or dms. ty! 🙏
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The Union interface is now on @IPFS and accessible directly from Union.eth or union.eth.limo if your browser doesn't support ens (s/o @FleekHQ ❤️ )
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A crowd proposal has been deployed by a community contributor to cut the borrow rate on Optimism to 5%.
Proposal details: etherscan.io/address/0xd7e23…
If you believe this is a good proposal you can delegate directly to the linked contract address. tally.xyz/profile/0xd7e233d0…
🤖🗳️ Autonomous Proposals have been deployed for the Union governance contracts! Meaning anyone can now create a Crowd Proposal whereby folks can delegate to the proposal itself & if it gains 10M in voting power it goes up for a vote.
github.com/unioncredit/auton…
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If you dont know how to set one @ensdomains has a good guide. medium.com/the-ethereum-name…
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How many of your friends would you lend money to if they asked?
How many of those same friends are borrowing money from banks…
…at APRs higher than your bank pays you for your savings?😓🤦♀️
peer-to-peer credit = more interest for lenders & lower rates for borrowers.
💳🤝💵
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hi yall, our new website is live!
Let us know what you think ~ link is in the reply below ✨
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We are stoked to host Lisbon folks thursday for:
🍹Banker's Brunch 🍊 @ Village Underground
👉✨Come brunch, mimosa, whiteboard and listen to a panel w/ us & the good folks of @opyn_ @Uniswap and @jbrukh @coinfund
eventbrite.com/e/bankers-bru…
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Interested in Credit and DAOs? InterDAO lending? DAO's lending to members?
Join us and some defi bankers from @makerdao and @aave for a Thursday of brunching, mimosas, conversations. 🥂
Register here: lu.ma/bankersbrunch
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❨ Union Community dev notes ∘ 2 ❩
- New scripts to send l1-l2 proposals
- New @graphprotocol endpoints added for the historical data points, asset manager & staking data
- npm library for fetching Union data just type: ‘npm install @unioncredit/data’
npmjs.com/package/@unioncred…
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3/ Starting w/ Credit Associations!
All forms of traditional credit (Roscas, tandas, chit funds,) can be implemented on Union.
Gate an underwriter w/ an "isTeacher" attestation or Teaching license verified credential (cc @discoxyz) & you've built a Web3 Teachers Credit Union.
Multi-Player Mode aka Credit Associations:
Instead of joining the network via a single point of contact, you can join a group, or create one — all variants from traditional Rosca's to your squad as credit union.
All under the same Borrow() function!
🔗:en.wikipedia.org/wiki/Rotati…
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(3/6) Exploring Staking + Vouching
As a Union member, you have the power to stake your assets and vouch for trusted folks in your network 💸
Head over to union.finance/ and follow these simple steps:
1) Register your address with the protocol (1U or 0.00042Eth) ~ covers externalities
2) Stake DAI: Depositing DAI into the Union protocol earns you UNION governance tokens and lets you use your staked DAI to underwrite folks you trust.
3) Vouch: When you vouch for someone, you decide how much of your staked DAI to trust them with. You can also share your vouch link with Union members, who will determine how much DAI you can borrow based on their trust in you.
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Union's hosting some great events @EFDevconnect this week!
♟️Wednesday Game Night 4/20 ~ 7pm
🥂 Bankers Brunch 4/21 ~ 12-3pm
☕️ Union Meetup 4/22 ~ 9-11am
🌷 DAO Operators High Tea 4/22
🏗️ Credit in SmartContracts Workshop 4/23 ~ 10:30am
RSVP Details: medium.com/union-finance/uni…
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Proposal # 1 has passed.
Which means:
-🏦Max stake has increased to $10k
-👻@AaveAave & @compoundfinance ceilings are now $500k
-🕸more Responsibility(aka UNION) per dai staked
Union Governance Proposal #1 is live.
-Raises the AAVE & Compound adapter ceilings to 500k
-Raises the half decay point to 1M (increases the rate of responsibility(UNION) distribution
-Raises the pure floor to 100k
link: app.union.finance/governance…
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✨ No more copy and pasting addresses!
🎟 ENS input and resolution now works for new vouch inputs. (s/o @lemurf @geraldh0st )
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We are looking to hire a front end dev, if you believe decentralization is an opportunity for building better financial ux, we want to hear from you.
notion.so/unionfinance/Front…
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✨new home page design ~ union.finance
*now with more 🟣^🔵
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drop the ens of any women who don’t get the credit they deserve #happyinternationalitskindaeffedthattheresawomansdayandnotjustyouknoweveryday
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4/ 💳 Web3 Charge Cards
A DAO can now vouch for most of their members from a single timelock or vouching contract.
Either as a user perk or give repeat contributors (could use @otterspace_xyz nfts) credit lines to draw on, like the dao version of a company AMEX. (👀 @holyheld )
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We made it to DevCon ✨
Come say hi, chat about p2p credit, and grab some holographic stickers 🌈
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Merry Christmas to all those who trust and are worthy of trust!
Civilization is built on a constant extending of trust to those who haven't quite earned it yet. And those growing to earn it. A foundation that’s equally strong as it is fragile.
May we all, through our actions, build a society where if a red-suited stranger carries our tree up the chimney, there's no question that they've simply, out of kindness, taken it "to fix the light that won't light up on one side."
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Build a frame on @farcaster_xyz for union profiles and earn 0.1 ETH
Reply to the thread with your build idea to start warpcast.com/kingjacob/0xa63…
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Union Governance Proposal #1 is live.
-Raises the AAVE & Compound adapter ceilings to 500k
-Raises the half decay point to 1M (increases the rate of responsibility(UNION) distribution
-Raises the pure floor to 100k
link: app.union.finance/governance…
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An onchain proposal has been submitted.
If passed: UIP-017 will begin streaming 2.67M UNION tokens/year to the users of Union on Base.
Voting begins 12hrs from this tweet and will end in 3days on wednesday.
🗳️~ tally.xyz/gov/union/proposal…
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Build your own Credit Score
>friend sends quality meme in the gc? increase their credit
>friend shares alpha? increase their credit
>friend has no credit score cause they’re responsible? increase their credit
quit being the product and start giving credit to your friends
too little credit so utilization high (even w/ monthly payoff)? lower credit score
open new account to make utilization lower? lower credit score
close account you don’t use? lower credit score
haven’t borrowed against big items (house, car)? lower credit score
what a scam
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Who’s the most trusted person in all of crypto twitter? (reply with their handle or ens and 🖤)
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imagine a system where anyone can permissionlessly loan anyone else money without a rent-seeking intermediary in the middle
imagine a system where anyone can trustlessly loan anyone else money without a rent-seeking intermediary in the middle
where you don't have to ask a bank for permission in order to borrow
where borrowers get the most efficient rates possible, backed by trillions of dollars of pooled capital from around the world, creating the largest lending pool(s) in the world
where you are not bound by the financial conditions in your home country
where all loans and their collateral backing are 100% transparent
where the borrower cannot steal your money and the lender cannot steal your collateral
where other obligations on either of their books cannot affect these loans if they otherwise go bankrupt
you don't have to imagine
this is the world being built on Ethereum DeFi, and it is legitimately world-changing innovation
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#ETHDenver hackers!
Drop by 1134 Broadway tomorrow, Saturday 2/19, from 9am-11am to hang out with the Union team!
🍩We’ll have donuts, swag, and vouches! 💍
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The Union App now displays @ensdomains avatars if you've set one up in your ens records.
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📮 Community governance proposal UIP 006 is live, and will be up for vote July 20.
If this proposal passes, it would reduce the 3 vouch membership requirement currently in place to 1.
Proposal Page: tally.xyz/governance/eip155:…
Details: github.com/unioncredit/UIPs/…
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introducing referral rewards on Union 💫
🌟 Earn 0.00021 ETH for each friend who joins via your URL
🌟 Earn 0.00021 ETH for every user signing up through your integration
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If you understand the risks, and would like to experiment with us, follow the onboarding instructions at the bottom of the post here -> medium.com/union-finance/uni…
And if you get stuck or have any questions, the best place to ask them is the Union discord: discord.gg/cZagzJ3p8G
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Union is like a bank; except your deposits are always yours and you’re the only one who chooses who can borrow against your deposits.
Union is not like a bank.
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Our token distribution strategy is simple:
Use the onchain credit protocol, Earn the onchain credit protocol token.
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7/ If you believe in what we're building, RT and drop a comment would love to hear from ya'll!!
Check out the full post: union.mirror.xyz/uPnUm4TLNyW…
Lots of exciting details not covered in this thread including what this NFT is for 😉
🎟️:union.mirror.xyz/nft/0x7B646…
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🥹 no friends on Union? no problem.
You can now become a member on Union without having to have an existing member vouch for you.
This is really big news! Union is now 100% intermediary free, meaning anyone in the world can join and start providing credit to their trusted friends, no more asking permission.
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Later today at 3pm EST / 9pm CET we’re gonna be chatting about:
- 🖼NFT financialization
- 🌁 L2 vs multichain wars (aka Should protocols deploy to rollups only, evm chains @0xPolygon, or everywhere, even @solana)
- 💍ring drop surprise
- lots of tangents
nitter.app/i/spaces/1zqKVBvqWNAKB
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Test Union v2 on Optimism Goerli, and win 1 ETH ♦️:
To compete, you earn 1 pt for any of the below:
- most Vouches given
- most Vouches received
- have the most Available Credit
- most Borrowed
- Report a valid Issue(1/pr)
Most Points wins! Contest ends Sunday at Midnight(PST)
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transparency is a dune dashboard... Union on @arbitrum data is up on @duneanalytics (s/o wenyu!).
dune.com/wenyu/Union-on-Arbi…
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Happening now: "Building on Union" Spaces!
Stop in & chat with awesome builders:
- @proofofjake_ & @fraserd_eth with unionquest.eth.limo
- @W_Y_X creator of LAN (devpost.com/software/lan-pfk…)
- @geraldh0st with trustfallga.me
reply w/ ❓'s 👇
nitter.app/i/spaces/1djGXPrVRVdGZ…
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