Butler and the Third Stringers @ButlerATTS
@alchemixfi @YuntCapital Internet Joined April 2021-
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Convex governance has moved on-chain. 1/
Reminder, there are fun things to do on-chain again 👀
stomp is one of the most fun onchain experiences you can try out today x.com/i/article/2080…
the privilege of being exhausted by doing work you choose and love to do
Transmuter space is back. Transmuter fixed-yield capacity is opening up on Ethereum Mainnet, Arbitrum, and Optimism. ✦ alUSD: 9-month term ✦ alETH: 7.5-month term Lock in now and redeem 1:1 for the underlying asset at maturity. Earn fixed yield → alchemix.fi/fixed-yield
At $1900 ETH and 0.05 gwei, it currently costs $0.002 (1/5th of a cent) to send a billion dollars of $ETH
To every founder who spent the last two years heads down on fundamentals and revenue while everyone around you was printing millions on memecoins and calling you an idiot for building a real business: Your time is coming. The next few months and years are about to make all of it worth it. People were calling you naive and slow, while you watched extractors with zero product and a good ticker make more in a week than you made all year, and you kept building anyway. That decision is about to become the best one you ever made. Sooner or later the market stops paying for tickers and starts paying for businesses. We're right at that turn. And the people who never stopped building real things are about to eat while everyone else is still looking for the next 2 hour meta. The idiots of 2024 are the geniuses of 2026. Keep going chads, we see you.
@LorenzoARK @RobinhoodApp No idea. Could see (2) if they find another L2 infra provider that will charge them less, or (3) if they decide to rent seek from DeFi apps for first-party user-funnel and the ones listed decide not to pay, or pay less than others
GENIUS was a mistake that everyone cheered for when it passed. I hope CLARITY is not similarly a toxic law dressed up as regulatory relief.
Ok this is actually pretty cool
@uv_jacob @ezhovinc @AriEiberman @usemotocard @xplaceapp @UVcredit If you guys can use a zk credit score so you users don’t have to expose their wallet info to you guys, or store that into third party databases, this will absolutely blow up
@AriEiberman @usemotocard @xplaceapp @UVcredit I thought etherfi and plasma were more like debit cards. Is it uncollateralized like an actual credit card?
Im a solo staker since genesis and an ETH holder for almost 10 years. I also do not support cutting issuance. Solo staking is an important part of the Ethereum network - even just to signify that anyone can be a participant. Lowering issuance pushes solo stakers out and leaves institutional operators who are happy to take any amount of yield that is on offer. Any less yield and I will sadly be winding down my validators and ear-tagging that ETH to sell. ETH that I spent years accumulating in hopes that one day it would give me a passive income which it does for me today. I dont want to purely hope for price gains instead. Less issuance will not mean higher priced ETH. The market is not as simple as that. We've already seen that a 90% reduction hasnt had much of an effect. For the good of the network - protect and continue to incentivise solo stakers. It cant purely be an altruistic activity. New solo stakers will not come for that reason alone.
@nixorokish As a solo staker I seriously don’t understand why other solo stakers would advocate for this. The network should not run on altruism, that’s not scalable and sustainable
RAI Dollar will be redeemable on-chain for ETH, ETH derivatives, BTC and gold without any middlemen involved. ⟠ ₿ 🧈 RD will be exchangeable for verifiable, on-chain crypto collateral. Here's an interactive simulator of the mechanics of redeeming RD from trove collateral. docs.raidollar.tech/docs/advanced/…
Update: lots of cap space opened up for ETH. AFAIK these are the best fixed rate yields on ETH in DeFi right now👀 Mainnet best for size to minimize yield drop-off, but very much an "early bird gets the worm" kind of thing Some USDC space opened too, but more of that next week
Fixed rate yield in DeFi have high demand. Especially low-risk fixed yields. Case in point, caps raises from this morning on mainnet USDC and ETH fixed rates have already nearly filled. Luckily a lot more space will be opening up this week. How do I know? Here's the trick...
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