
Charles
252 posts

Charles
@openwebeconomy
Web3 builder striving for mainstream adoption of digital assets. Founder @getpeerfolio | Delegate @NearGovernance | Shaping the Open Web Economy.
शामिल हुए Ekim 2023
321 फ़ॉलोइंग184 फ़ॉलोवर्स
पिन किया गया ट्वीट

I came to the NEAR ecosystem in 2022 to help build better developer tools.
I’ve stayed because this community is full of people who care about crypto for the right reasons.
As a DeFi founder and @NEARGovernance delegate, I’m focused on supporting the builders who make NEAR better, with clear milestones, real accountability, and strong support systems that connect great products to real users.
Let’s make NEAR the most builder-friendly and user-friendly ecosystem in crypto.
If this resonates with you, you can vote similarly to my positions, or delegate your voting power at the link below👇🏾
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One-click onboarding is not just a dream. Your token community now has a simple acquisition funnel.
Peerfolio added support for @meta_pool, @dragonisnear & @shitzuonnear via @near_intents.
Build a strategy. Share a link. Watch your community grow.
Comment for an invite code 👇

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@NEARLegion great idea. how you got an automated way to track legion activity across socials?
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If you're not already in @NEARLegion, now is the perfect time to mint and vote ⤵️
Any other legionaries in ETH Denver this week?
vote.nearlegion.com/projects/1045
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Who’s building this?
In the Alien Covenant scene where the crew discovers a mysterious message from a too good-to-be true earth-like planet, just as a recent system failure instills fear at the thought of going back into hibernation, the captain decides to deviate from their well-planned mission and charts a course for this unknown world.
I wanted to say to my TV:
Pause. Show me the version where this captain is not an idiot, and decides to stick to the original plan to hibernate for decades en route to colonize the the planet Origae-6.
And my customized storyline would quickly be generated and available to stream.
With Paramount’s ties to Oracle AI, might we be closer to this future if Paramount wins the bid to acquire Warner Bros. Discovery?
nymag.com/magazine/toc/2…
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Image from this write up into the David Lynch film
cbr.com/dune-1984-cont…
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I voted yes. I'm comfortable with the current state of the proposal primarly for 3 reasons:
- its requested budget is funded by existing emissions
- supporting Near Intents with a sustainable MPC network becomes a governance responsibility of HoS (this feels well aligned)
- finally because payments to operators are dependent upon the node satisfying uptime/performance expectations.
There are implementation details to be determined and increased responsibility on HoS that we will need to make concrete over the next several weeks, if this passes.
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@RikaGoldberg @coffee_crusher @NEARGovernance @haenko21 @ekuzyakov @slimedrgn @klausbrave @alannetwork_ @openwebeconomy Fair enough! I'm doing the same thing.
Thank you for responding here, Rika.
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HSP-007 is live for voting on @NEARGovernance
The proposal is to "establish a sustainable MPC node infrastructure financing program" that is funded via ~10% of the treasury.near allocation (2.5%) from protocol emissions
I'm leaning towards an AGAINST vote (253k veNEAR)
🧵+↓

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@zacodil @AlexAuroraDev @near_intents @NEARDevHub reach out to @pingpay_io their UI is great. Not sure if it's open yet, but perhaps they can be persuaded
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Are there any open-source frontends built on NEAR Intents that:
– handle deposits from multiple chains
– create a NEAR account per user via the Intents API
– stay lightweight without tons of extra logic
Would love pointers 🙏
@AlexAuroraDev @near_intents @NEARDevHub @ilblackdragon @Freol
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@sharifshameem Who’s got an open office like this avail in nyc?
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After years in director & manager roles, damn it feels good to be back in the code consistently.
This gitHub graph tells the story. There’s a clear moment when @getpeerfolio went from white paper & prototypes → locked-in building.
Can you spot the month?
Early access available to those who join the waitlist 👀

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@BowenWang18 Is this due to a concern or potential for existing contracts or MPC network to require more gas for existing operations?
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i received a shoutout at the coinbase system update!!!!
im blown away
thankyou so much @base & @jessepollak for supporting creators and giving us new ways to earn! 💙
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@altantutar @moremarketsxyz @serrrfirat 4K depositors. Well done. Bullish on whatever you and @serrrfirat cook up next
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We have decided to sunset the @moremarketsxyz Earn Product.
I want to share the honest reflections on why this happened, and what is next for me and @serrrfirat going forward.
At its peak, the @moremarketsxyz Earn product achieved $40M+ TVL without any points or LP program, with close to 4K depositors. We successfully deployed yield products across XRP, BTC, ETH, NEAR and stablecoins.
However, startups survive on momentum. While we grew, our growth over the last five months has been linear and inconsistent.
For that reason, we made the decision to stop, reflect, and re-evaluate our position rather than dragging out a linear product / business and slowly dying over time.
Y Combinator often talks about “tarpit ideas,” solving problems that look incredibly lucrative and solvable from the outside, but get founders stuck.
Altcoin yield is definitely a tarpit. I always viewed the altcoin yield market as a massive opportunity. However, the market structure is deceptively thin.
While there are many people willing to lend tokens (like NEAR or XRP), the market for borrowers is non-existent outside of the many top assets.
Building a sustainable yield product on this thesis is difficult and risky. The liquidity just isn't there to support the scale we aimed for.
The "Earn" sector has also become really commoditized. Major exchanges are now bridging the gap between CEX and DEX. They are integrating on-chain yields directly into their user interfaces, solving the distribution problem that standalone protocols like ours face.
Current crypto yields are largely a "bull market phenomenon.” They are powered by speculative leverage. When the market is risk-on, yields are high. But when the market flips to risk-off, that speculative demand evaporates, and yields compress to near zero.
To build a sustainable business that survives all markets, you need an external, uncorrelated source of yield.
We explored RWAs as a solution to this volatility. While RWAs are a promising narrative, the current implementations (e.g. private credit) do not fit the criteria yet.
The hardest part of this decision is the team. We built an amazing group of engineers and operators, and unfortunately, we cannot keep them all for the next phase.
If you are hiring, reach out to me to get a list of all MoreMarkets CVs. They worked tirelessly to reach TVL targets without any incentives, shipping day and night, and working tirelessly to make things happen.
As for @serrrfirat and myself, we are not quitting. We will be in the research mode, looking for a moonshot idea, rather than settling for something that grows linearly.
We appreciate all of our depositors, who trusted us with their capital, and those who became part of our community 🙏
MoreMarkets@moremarketsxyz
We are sunsetting MoreMarkets Earn Accounts. Over the next three months, depositors will have full access to withdraw their funds through the MoreMarkets app. Our smart contracts will remain operational beyond this period for those who prefer to interact directly. 🧵
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