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I know that this isn't everyone's cup of tea, but there's a really interesting governance battle ongoing in the Polkadot governance forums right now
Hydration is arguably their leading parachain, and it already established itself as the DeFi hub for activity in that ecosystem. They are seeking further 5 million tokens in further DOT grants to incentivize liquidity provision (which we've been covering for a while now) and increase TVL...alongside some funding for building out direct stablecoin support with major CEXs to allow for easier access to the DeFi tools and incentives for GIGADOT minting.
There's been a vicious back and forth among the Aye's and Nay's, with a large DOT wallet flipping to Aye about a day ago to push the vote over 50%.
With about 36 hours left this one seems like it'll go down to the wire. Personally I hope it passes so we can continue having incentivized LPs for stables and other DOT pairs on Hydration for a good bit longer.
I think ecosystems do better when they kingmake the protocols that show real use case and users....and Hydration seems to be that right now for Polkadot.
Hydration is arguably their leading parachain, and it already established itself as the DeFi hub for activity in that ecosystem. They are seeking further 5 million tokens in further DOT grants to incentivize liquidity provision (which we've been covering for a while now) and increase TVL...alongside some funding for building out direct stablecoin support with major CEXs to allow for easier access to the DeFi tools and incentives for GIGADOT minting.
There's been a vicious back and forth among the Aye's and Nay's, with a large DOT wallet flipping to Aye about a day ago to push the vote over 50%.
With about 36 hours left this one seems like it'll go down to the wire. Personally I hope it passes so we can continue having incentivized LPs for stables and other DOT pairs on Hydration for a good bit longer.
I think ecosystems do better when they kingmake the protocols that show real use case and users....and Hydration seems to be that right now for Polkadot.
The best indicators of whether someone has a real audience and influence right now are:
- top 50 on the overall CT Kaito mindshare board
- high Ethos score
- >$500 X payouts
- Fantasy Top hero
None of these by themselves are perfect indicators, but it’s extremely uncommon to have all of them.
If someone has a gigantic number of followers and their engagement metrics appear to be extremely high, yet they have only 1 (or none) of these, it’s an incredibly obvious sign that they’re a LARP with a botted account.
If nothing else, new SocialFi and infofi products have made identifying these people much easier than cycles past
- top 50 on the overall CT Kaito mindshare board
- high Ethos score
- >$500 X payouts
- Fantasy Top hero
None of these by themselves are perfect indicators, but it’s extremely uncommon to have all of them.
If someone has a gigantic number of followers and their engagement metrics appear to be extremely high, yet they have only 1 (or none) of these, it’s an incredibly obvious sign that they’re a LARP with a botted account.
If nothing else, new SocialFi and infofi products have made identifying these people much easier than cycles past
Pretty sure the most valuable asset in crypto rn is an X account with >10000 yaps and >2000 Ethos score
either a freelance infinite money glitch during socialfi season or the only bargaining chip needed to land an extremely lucrative ecosystem growth position
Influence and reputation can't be faked...and they're worth their weight in gold
either a freelance infinite money glitch during socialfi season or the only bargaining chip needed to land an extremely lucrative ecosystem growth position
Influence and reputation can't be faked...and they're worth their weight in gold
Even despite some timeline FUD overnight, the ROBOT Genesis launch on Virtuals was an instant 25-30x for participants
I had ~35k points (translated to 19 VIRTUAL committed) that are now worth ~720 VIRTUAL
$38 -> $1440 in 15 minutes. Gud tech
I had ~35k points (translated to 19 VIRTUAL committed) that are now worth ~720 VIRTUAL
$38 -> $1440 in 15 minutes. Gud tech
All over the timeline today bros who never bridged to Blast or participated in Pacmoon be like “holy shit @Lamboland_ and @BOBBYBIGYIELD are back!!1!1l”
😹😹
But for real - looking forward to Project X
😹😹
But for real - looking forward to Project X
Some of the least tech-intelligent people on this app spent all day yesterday telling you that Sui freezing $160m of the stolen/exploited $223m is bearish and that “decentralization is a myth”
Do yourself a favor and mute these people. You guys would genuinely prefer a hacker to just get an extra $160m? Absolute lukewarm carrot IQ take.
Decentralization is a sliding scale. Outside of Bitcoin, Ethereum, and a few other edge cases, most of the modern/high performant L1s and scaling architectures are *not* particularly decentralized….and that’s ok.
Just because something isn’t extremely decentralized doesn’t mean it has no value. It just means it serves a different purpose than unstoppable, permissionless value storage and transfer.
By my hand the LARPing engagement farmer morons who bafflingly have 6 figure audiences will fall
Do yourself a favor and mute these people. You guys would genuinely prefer a hacker to just get an extra $160m? Absolute lukewarm carrot IQ take.
Decentralization is a sliding scale. Outside of Bitcoin, Ethereum, and a few other edge cases, most of the modern/high performant L1s and scaling architectures are *not* particularly decentralized….and that’s ok.
Just because something isn’t extremely decentralized doesn’t mean it has no value. It just means it serves a different purpose than unstoppable, permissionless value storage and transfer.
By my hand the LARPing engagement farmer morons who bafflingly have 6 figure audiences will fall
I see we are back to tariffs as soon as I stepped away for a few hours
Lovely. Thinking this is one of the last headline risks for the coins until the end of the original 90 day pause. Hopefully all resolved before then though
Lovely. Thinking this is one of the last headline risks for the coins until the end of the original 90 day pause. Hopefully all resolved before then though
Ngl bros the coins look good
no position in king charles, but think it's a good litmus test for the trenches
solana as an entire eco is completely cooked if it can't breach 100m before end of weekend
solana as an entire eco is completely cooked if it can't breach 100m before end of weekend
“Different applications will require different levels of decentralization. That is something we thought a lot about when we were designing Avalanche 5 years ago.” -@el33th4xor from today’s Summit keynote
Reality is nobody wants pure decentralization…the desired amount varies depending on the use case. Cool to hear that Avalanche was thinking about these ideas before they were common debate
Reality is nobody wants pure decentralization…the desired amount varies depending on the use case. Cool to hear that Avalanche was thinking about these ideas before they were common debate
Seeing a lot of chatter about the Virtuals Genesis Maneki launch today which isn't surprising given how popular these are lately
What is surprising to me is how much of the chatter, particularly in group chats, is negative on this one.
Sure the chart looks funny, but that's mostly because of an anti-sniping mech. Points allocators are up over 10x on whatever their commit was...which in any other ecosystem a 24 hr 10x is a considered a gigantic W.
Navigating how to generate points while still protecting profits remains the min/max game for Virtuals. Personally I'm a fan of watching the game theory play out
What is surprising to me is how much of the chatter, particularly in group chats, is negative on this one.
Sure the chart looks funny, but that's mostly because of an anti-sniping mech. Points allocators are up over 10x on whatever their commit was...which in any other ecosystem a 24 hr 10x is a considered a gigantic W.
Navigating how to generate points while still protecting profits remains the min/max game for Virtuals. Personally I'm a fan of watching the game theory play out
Imo feels like it would be more effective for someone mad at @0x5f_eth’s comments about business/Ethos farming/Nigeria to slash him on Ethos rather than spam threads expressing distaste for him/his comments
Boycotting the protocol literally gets the desired outcome for him
Boycotting the protocol literally gets the desired outcome for him
Moody’s downgrade + red futures open and the coins barely flinched
Don’t fight easy signals
Don’t fight easy signals
Really think the difference between those who walk away from crypto happy and those who walk away from crypto angry is whether you survive long enough to learn how to take profits
Almost everyone who joins eventually hits a moonshot. Almost everyone who joins eventually round trips a painful amount.
Very few learn how to leave the casino with chips in their pocket
Almost everyone who joins eventually hits a moonshot. Almost everyone who joins eventually round trips a painful amount.
Very few learn how to leave the casino with chips in their pocket
Every day I feel more comfortable stacking more bitcoin
Years ago I would have been appalled to think future me would say this. The reality is Bitcoin permanence is all but ensured at this point
There is still lots of value to be found in the right alts, but underexposure to the big guy will be the downfall of many in the long run imo
Years ago I would have been appalled to think future me would say this. The reality is Bitcoin permanence is all but ensured at this point
There is still lots of value to be found in the right alts, but underexposure to the big guy will be the downfall of many in the long run imo
My list of expected narratives for May 2025 did not include the entire timeline turning on Bonk Guy
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