0xngmi-1

Biggest historical comparison to what could happen with a 1bn ico for pump would be the mutant and otherside mints from BAYC

after those mints volume of the entire NFT space dropped because everyone spent their money on it

and that raised only a fraction of the discussed 1bn

why does pump need to raise 1bn tho? how is it gonna invest that for growth if it already has made 675m and hasnt spent that either

what are they planning to do with 1bn?

hated by the solana founder 🤝 hated by ethereum podcasters

this is how you know the data source is neutral

lending protocols by total borrowed

thought i had seen it all, but now someone is impersonating defillama to scam arab housewives telling them we'll send them 500$ if they send 100$

Watched the ethereum movie, the two ethereum usecases they mention are *checks notes* decentralized uber and onchain passports, defi is not mentioned once

Can we move on from the 2017 ico usecases to the stuff that actually gets used and makes an impact?

all these new crypto treasury vehicles popping up are almost literally a repeat of the ohm fork meta

remember how that ended?

btw everyone missed this but a judge overturned the 20 years prison sentence of the mango markets hacker

Based on idea that a NY tribunal doesnt have jurisdiction over it and the "highly profitable strategy" idea

he's still going to jail for 4 years because he's a pedo tho

something that i didnt expect when talking with tradfi institutions is that they see that defillama is opensource, think its like wikipedia, and conclude that anyone can submit anything with no checking

but we literally check every update and reject a bunch of them

everyone is missing the actual issues REV has as a metric:
- Chains have varying levels of maturity in their MEV infrastructure (cowswap mev-protected rpcs..)
- Some L2s don't have MEV tips, but chains do

So when you compare chains by REV you're not comparing apples to oranges

in the last 2 months at defillama we've had lots of tradfi institutions contact us about defi data, way more than what we saw before

feels like tradfi interest in defi is significantly picking up