Hosea.xx

ABOUT TO GO ON A GENERATIONAL LOCK IN RUN LET’S SEE WHERE WE GET TO IN A YEAR. t.me/cryptowifdoubl…

@0xSweep @newmichwill 😂😂

@Beardlesshosea @newmichwill LMAO

Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98% In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols His collateral was 427 million CRV, which was 47% of the circulating supply of his own token Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023 One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before That's $59 million in Australian real estate funded by loans against the token his own community was holding In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets He raised $42 million in stablecoins from these deals while community holders watched CRV dump In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols The liquidation created $10 million of bad debt that the community had to absorb Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead" Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor You're his ATM

@fr1ko_eth Because they’re expanding more than CT

Serious question - how has Canton made more revenue in 30 days than Hyperliquid, Pumpfun, Tron and Polymarket?

Big announcement soon.🔜

Cooking on @arc got better. Recently, I figured out that Ai agents can literally do almost everything now,they can reason, plan but they can’t do one thing yet; which is making payments for data they need to function. So @Forgingalex and I decided to forge out Archie. Archie is an autonomous agent built on @arc that handles its own @BuildOnCircle developer wallet to pay for its own data using x402 protocol. Check Archie out here: archie-seven-chi.vercel.app This model only works on @arc because gas cost more than data itself on other chain which is unlike Arc. Archie processes payments as low as $0.001 with instant settlement, there are over 50 verified transactions confirming this onchain. Archie is what the future of payment looks like. @lablabai

@bread_ During Kaito era, geek will be on all leaderboards by now

Not going to speak to price predictions, but TGE has brought new friends, so I'll clarify/give context to some points called. MegaETH is structurally different than ~all chains, save a few. ------------- "100m tvl" 1. This is just DeFi TVL (not that full TVL is much higher ~$110M) and puts MegaETH top 30 amongst all chains after being live for ~2.5mo. 2. The biggest thing worth noting is that we're one of very few chains that can monetize their TVL because we have our own stablecoin (USDm). This is our engine. Will illustrate why that matters in a later item. ------------- "10/11 apps to go live" 1. It's not total apps - TGE was triggered on >=10 apps being live from @megamafia (our accelerator). 2. You can explore our entire ecosystem on rabbithole.megaeth.com/discover, which contains ~120 apps in various stages of deployment. ------------- "1800+ chain rev/day" 1. Looking strictly at what the chain generates in tx fees will never tell the full story of MegaETH for reasons pointed out in item [2] of the TVL point above: We have USDm with which we capture rewards from (~3% of supply / ~$5.5k/d at current rates). This means what the foundation takes in scales both with TVL and tx velocity on the chain (fast and slow activity). 2. The net revenue from this has already been committed to MEGA buybacks from the foundation. Here I showcased how even with a young ecosystem we're already punching top 10 on some metrics because of this structure: x.com/bread_/status/… ------------- "in relation to other tokenized L2s" 1. It's not "L2 vs L1" - it's whether chains are able to take in revenue beyond just tx fees. We do with USDm today, and will more in the future as additional products roll out (Proximity Markets is one). I talked about it a little here: x.com/bread_/status/… I recognize this battle will be a long one because it requires a mental model shift for the entire industry, but I'll keep pushing it. ------------- Open for questions about what Mega is and what our mindset is going forward.

@adeolRxxxx Clean boy

The weekends is when i touch grass and remain in sync w/ nature. Starting a new private audit tomorrow. Dinner in Rapa Nui.

@DianaMarcus14 Happy birthday Queen

Happy birthday to me 🙂

@zkTuring W bro

@0xJeremiah_ 20

At what age did you learn how to code ?

@blockjain looks like we just verified @arc's vision. Ai agents are economic ghosts because they can not pay for data so we forged a financial identity for Archie on your rails. 50+ transactions prove sub cent commerce is viable and software buys its own intelligence now.

@kelcrown @arc @Forgingalex Definitely

@Beardlesshosea @arc @Forgingalex this is a solid build ngl, i think you should submit your work directly to them via discord or sum’ dad

@niffy_jo It will be fun watching one day😂

@Beardlesshosea Soon people won’t be hired for certain tasks… Agents will be deployed with budgets. ‘Here’s $50, go figure it out.’ That’s where this is heading.

We’re moving from ‘AI that thinks’ → ‘AI that acts’ → ‘AI that pays.’ That last step is what turns agents into independent economic actors. Most people won’t realize how big this shift is yet.

@niffy_jo @arc @Forgingalex Yes dad

@Beardlesshosea @arc @Forgingalex From reasoning → to acting → to transacting. This is the full stack.

@npceo_ I’m interested

Don't let bots ruin the internet. Instead, ruin the internet for bots. We'll pay you $25,000 to make the best AI slop bot on social media. Tell your bot "Check out Simcluster" to enter the running. More details ↓

@Wangsamuels @fluentxyz Yes dad

@Beardlesshosea @fluentxyz i hope it has no limit?

thank you $BLEND for blending my pepper good execution @fluentxyz