Daryl Hok ➿

Absorption 👀

Wen DeFAI? @AlloraNetwork has entered the chat. The idea: Build Allora’s self-improving collective AI into Seamless ILMs to optimize yield profiles. The result: Seamless DeFAI. The smarter the agents get, the more effective the strategy -- sounds like a big-brainer 🧠. What do you think? Join the discussion: seamlessprotocol.discourse.group/t/allora-x-sea…

Builders of @base, Baldmas is here 🧑‍🦲, and Seamless is lighting the way with a brand new USDC Vault on @morpholabs curated by @gauntlet_xyz! 🕯️ This isn’t just another vault—it’s the start of a new era, surrounding efficient markets on Base. Highlights of this new vault: 🔹 Built for Base: Seamless integration ensures smooth, secure transactions powered by Base's infrastructure. 🔹 Automated Optimization: Passive, permissionless, and designed to work for you while you build. But the possibilities don’t stop there, this vault launch is just scratching the surface. Imagine utilizing ILMs on Morpho to unlock advanced strategies or discovering innovative ways to adjust rewards and risk. The horizon for earning on Base is limitless, and Seamless is here to help you explore it all. If Baldmas is about bald heads, Base developer energy, and bold moves, then this vault is your chance to make one. ⚡️ Put your USDC to work with Seamless’s USDC Vault on Morpho

🦋✨ Seamless Vaults are coming to Based Morpho ✨🦋 Seamless’s USDC Vault is launching next week! With 250,000+ wallets having used Seamless’s lend/borrow markets, Seamless is now embracing Morpho’s breakthrough isolated markets architecture for more efficient lending to benefit users. Supercharged with incentives including $SEAM emissions, this is just the tip of the iceberg with more vaults coming. @morpholabs @gauntlet_xyz @base – Based builders go further together 🔵

3 months ago, everyone said onchain gaming was over. today, we're announcing $21M in funding to prove them wrong. introducing NPC Labs and B3

@SeamlessFi @base @coinbase 👏👏

Recently the @SeamlessFi community created a grants program to inspire @base builders, creators, and eco supporters. Seamless is excited to announce that @Coinbase has received SEAM in recognition of their ongoing support, strengthening our partnership. @seamlessprotocol/recognizing-coinbases-impact-on-seamless-af39998aea37" target="_blank" rel="nofollow noopener">medium.com/@seamlessproto…

@cbventures @SeamlessFi @coinbase @base 🎉🎉

Thank you to the @SeamlessFi team for the kind words and recognition! We’re grateful and deeply appreciative of the award, and are thrilled to accept this grant on behalf of @coinbase and @base.

Excited to be launching Integrated Liquidity Markets (ILMs) into the @base ecosystem! 🎉 ILMs are automated growth strategies that magnify rewards. In close workings with @lidofinance, the inaugural ILM strategy is a wstETH/ETH 3x Looping Strategy. 🔁

Great piece from @apaulapr @Cointelegraph highlighting ILMs! ILMs are automated growth strategies built to magnify rewards. The first ILM is a @LidoFinance wstETH/ETH 3x Looping Strat 🔁 ✅ Auto compounding ✅ No Hidden Fees ✅ No Need for Active Mgmt cointelegraph.com/news/seamless-…

Capping off an amazing 2023! This community has achieved some amazing growth milestones including: ✅ Largest Lending & Borrowing Platform on @base ✅ $85M TVL ✅ 8500+ Users ✅ #2 TVL Project on Base ✅ 2000% Growth over last 30 days

Bullish on Base! A lot of exciting things happening (and even more yet to come 👀) Awesome perspectives @jessepollak , thanks for your time 🙏

Seamless Protocol is excited to announce the addition of cbETH on app.seamlessprotocol.com 🎉 cbETH represents underlying staked ETH on the @coinbase platform. @BuildOnBase users can get started today and earn OG points!

@0xOrli @DrgStefanescu @friendtech Same, bookmarked to read - then we should have another one of those long debates again 🤣🤣

@DrgStefanescu @friendtech Jesus what a beast. Need to tske time to read this 😁

🔥The @friendtech BULLS vs BEARS Mega Thread 🔥 Is it a passing crypto PONZI scheme that will spiral down to 0? OR a game-changing SocialFi dApp on its way to BILLIONS market cap? --- I’ve been posting a lot about FT recently and place myself firmly in team BULL However, have had fascinating debates with experienced crypto degens who didn’t share the same opinions... Exploring below what ppl like about this app and its potential and why others are extremely skeptical and bearish… And stick to the end, as this thread will kickstart something even more fun if you're into the FT conversation, which I think you will enjoy 👀 --- ⭐️ AGENDA ⭐️ I've grouped the current debate into 7 main points. We'll dive into each of them below. 1⃣ THE BONDING CURVE 2⃣ REFLEXIVITY 3⃣ REVENUE MODEL 4⃣ SCALABILITY 5⃣ METRICS 6⃣ SENTIMENT 7⃣ APP VALUE --- 1⃣ THE BONDING CURVE 🐻🐻🐻 Most bears have an issue with the bonding curve and the economic model. 👉 @ivangbi_ thinks that: 🔹it's extremely steep and allows the price to be moved a lot by a few buys This is great for speculation + the main reason the platform can rake in as many fees as it does 🔹However, above 200 people, the key price becomes huge and nobody would normally pay that which basically caps rooms at a certain number 🔹The problem is, if you remove the bonding curve, there is no liquidity left on keys if you make it less steep, you kill your own fees and you make speculation less interesting (requiring more buys and sells) which results in everything becoming too flat 👉others think that it's the right product, but the wrong model 🔹the bonding curve is too obtuse 🔹the market should be able to judge the value of a seat 🔹limits on the room numbers should increase the value of each seat 🔹an auction model would be better suited 🐂🐂🐂 🔹Bulls will point out that the bonding curve has enabled the app to attain incredible product-market-fit (PMF) already 🔹It’s generated $8.6M in fees, gathered $33.5M TVL, $173M Total Protocol Inflows & almost 5M transactions. 🔹Smaller room sizes actually contribute to the magic of the app, making chats more intimate and the conversation quality high 🔹on our recent Space, @0xCaptainLevi pointed out several ideas that could help FT reduce the cost of entry for new people if you cannot afford to buy an entire key, maybe for a much lesser price you could attend a limited-time event from a creator you like, thus giving you a taste of their content essentially, the app is just in its v1 and other offerings can be put forth where key values do not get dilluted, but people can still get temporary access to their favourite creators --- 2⃣ REFLEXIVITY 🐻🐻🐻 👉@AWice thinks that once it looks like a creator has topped, everybody will rush for the exits 🔹this is because, unlike NFTs, the FT bonding curve has immediate sale value 🔹ppl will not want to be the last ones holding the bag 👉 Reflexivity on the way down is immense! 🐂🐂🐂 👉@anildelphi sees the reflexivity as a positive the more people join the app, the more people shares go up, they are encouraged to use the app more, there is more utility in the app and more people joining. 🔹This positive reflexivity is combined with something else BULLS have noticed ... 🔹the app is *extremely* sticky -> 🔹people come for the speculation, “yield farming” and profit motive, but discover they actually love using the app & engaging with others 👉 @CL207 also commented that he thinks this is the COMP/ YFI moment for social tokens 🔹as opposed to DeFi protocols where users migrate when they find better rates, 🔹with social media mass migration is much more difficult ... 🔹it either takes off and stays there for a long time or it never happens --- 3⃣ REVENUE MODEL 🐻🐻🐻 🔹Another criticism with the app is the “one time payment” by purchasing a key vs the subscription model that works on most apps today 👉 @ivangbi_ thinks that instead of generating money from subscriptions, the app relies too much on volumes 🔹users need to continuously buy and sell That’s not how influencers and KOLs work -> 🔹eg with Taylor Swift you’re not supposed to continuously buy & sell, you just acquire a ticket for an event However, if you changed it to a subscription model, it removes speculation entirely (which is one of the main draws to it currently) 👉 @AWice thinks no subscribers means no recurring revenue ... 🔹money is frontloaded so most creators have little incentives to stick around long-term 🔹this lack of consistency will at some point get creators to sour on the revenue they generate and slowly abandon the platform 🐂🐂🐂 Bulls think FT has achieved incredible PMF already 👉@anildelphi thinks it alligns 3 aspects people are always chasing 🔹alpha, speculation and connection 🔹he also thinks the crypto niche is big enough for FT to grow substantially bigger & that it doesn’t necessarily need other industries to be extremely successful 🔹the ~5 month airdrop window also gives the team a ton of flexibility to improve the app and change the meta game of users utilizing the platform during a period where activity is encouraged --- 4⃣ SCALABILITY 🐻🐻🐻 🔹If too many people join a room, it becomes unmanageable, 🔹however, limiting it with a steep bonding curve means at a certain point price will not grow 🔹revenues will stall, ppl will become bored and leave 👉 @ivangbi_ thinks that currently it just has small hype, with a small community and a few big whales essentially holding the market 🔹he doesn’t think there’s anything wrong with that and it’s a super small good launch 🔹but if they want to scale they would have to 100% change the model (which negates the current progress) 🐂🐂🐂 As mentioned before, bulls love the smaller rooms and acknowledge the intentional design by the team 🔹There are also rumours and hints about several influencers and celebrities from other industries joining... 🔹as well as an upcoming referral programme that will incentivize said influencers even more to bring normies on board 👉 @ManifoldTrading pointed out that FT is one of the first crypto apps that is a consumer-friendly application 🔹it’s managed to onboard tens of thousands of new users who learned first about the app and only then about crypto wallets, 🔹which makes it feasible that normies could also join --- 5⃣ METRICS 🐂🐂🐂 This is the most obvious bull case where FT is absolutely exploding across a number of metrics... 🔹daily txs (200k to 500k daily over the past 4 days) 🔹unique users (157,000) 🔹total volume - $173M 🔹total fees - $8.65M 🐻🐻🐻 @awice thinks the metrics are inflated because the airdrop timeline is known... 🔹making the current stats irrelevant Others also think activity is inflated by enormous shilling and 🔹it will eventually fizzle out because the app is not scalable in its current form --- 6⃣ MINDSHARE 🐂🐂🐂 Bulls will say that the app has completely captured the mindshare of the entire crypto community 🔹it's all over crypto twitter 🔹talked about a ton at Permissionless and Token2049 🔹FT users barely checking Twitter, Telegram & Discord, while engaging a ton on FT itself 🐻🐻🐻 Bears are quite cynical about said mindshare... @500altcoins thinks it’s not mindshare, it’s just shilling from bored influencers with nothing else to do in a bear market, who are also raking in fees like crazy... Also - and he wanted me to quote this 😂 ... it’s absolutely just for the CT circle jerk because at 100 members you’re paying $2k to access a chat, which is not scalable to any audience beyond mentally ill incels --- 7⃣ APP VALUE 🐻🐻🐻 Apart from the circle jerk, airdrop speculation induced activity and influencer shilling ... a common question by bears has been... “if you want alpha and information from all these people, why not just buy aggregators?” 🐂🐂🐂 @0xCaptainLevi or @HerroCrypto (who both have aggregators) 🔹would point out that aggregation has evolved a lot in just 5 weeks on FT 🔹with several aggregators containing tens or hundreds of chats 👉what people actually value is direct access to creators and being a part of a community 🔹there is no way to replicate this experience without holding a key (or participating in similar time-based events in the future) --- I've tried to condense the arguments and represent all of them as best as I could Inevitably probably missed some arguments or didn't mention some valuable opinions on each side Let me know if there's anything I missed 🙏 --- Since this debate has turned extremely passionate in a few groups I'm in, I would like to extend an invite to @friendtech BULLS and BEARS ... and have a fun debate on a Twitter Space next week Who's in? And who should I look to include from both sides? 👀

Wow, a lot of growth in less than 12hours from the launch! Nice job @SeamlessFi 👉 app.seamlessprotocol.com

Off to a quick start 🏃! Over 100K TVL within hours of launch on @BuildOnBase 🫡 Join the community and get started at app.seamlessprotocol.com 🤝

@jessepollak @SeamlessFi @BuildOnBase 🔥🔥

@SeamlessFi @BuildOnBase thank you for building on base 🔵

Today we are excited to announce the launch of Seamless Protocol on @BuildOnBase 🔵! Seamless is a next-generation DeFi Liquidity Protocol that seeks to improve the experience for Liquidity Suppliers and Borrowers👉app.seamlessprotocol.com

The news is out! Seamless Protocol has launched on @BuildOnBase 🔵! Seamless is a next-generation DeFi Liquidity Protocol that seeks to improve the experience for Liquidity Suppliers and Borrowers. 👉 app.seamlessprotocol.com Here’s a 🧵 you won’t want to miss…👇

A collaboration across DeFi developers is introducing a non-custodial liquidity markets on layer-2 network Base. cointelegraph.com/news/aave-v3-f…

@AmpleforthOrg @getSeashell @richy_qiao @brandoniles Looking forward to this office hours! 👉Join the Discord & add pre-questions here: discord.com/invite/v9yRUHF…

📢 Join Seashell + Ampleforth for a co-hosted office hours on Twitter Spaces! @getSeashell’s @DarylHok & @richy_qiao will talk with @Ampleforthorg’s @brandoniles to discuss collaboration opportunities, Vault Wars & #SPOT 🚀 📅 Mark your calendars ✅ twitter.com/i/spaces/1ypKd…