DecentraDice / Andrew

THORChain Dev Update In Progress: - $TCY (scheduled for next release) - Block time reductions (2s target) - Node operator address rotation memo - Liquidity Cap multiplier mimir - Cardano support - Extended BTC memos - Advanced Swap Queue (Orderbook) - Bifrost refactor - EdDSA - XRP stagenet testing (to be released after TCY) - RUJI Token Switch

THORChain’s Boldest Move Yet: The $TCY Debt-to-Equity Reset 🚀 A game-changing proposal is on the table: THORChain could convert all defaulted debt into $TCY equity—no private raise needed. 💥 RUNE has plummeted to $0.90, but the fundamentals are rock solid. 💥 THORChain’s market cap: $442M vs $280M in DAILY volume. Insane ratio! 💥 This proposal could be the ultimate catalyst for recovery. Here’s why it’s the most exciting thing to happen to THORChain yet. 🧵⬇️

The Most Critical Decision in THORChain’s History is Coming. ⚡ This isn’t just another update—it’s the future of THORChain. ✅ Debt repayment without inflation ✅ Sustainable long-term economics ✅ ThorFi unwind without wrecking LPs & security V3 of the proposal is coming… and it must be BULLETPROOF. 🧵⬇️

Current Situation ------------------------- At the time of this communication, 31 nodes have requested to leave the @THORChain network. The network is experiencing a contraction as RUNE price declines and nodes leave the network, but the protocol remains operational in its core blockchain and swap functionality remain unaffected. Many integration partners are currently paused in order to protect their users in the current volatility. Path Forward ------------------------- Nine Realms proposes the implementation of the current version of the Priority Haircuts proposal (gitlab.com/-/snippets/480…). This implementation gives Savers and Borrowers the option to exit their positions with a haircut that can improve over time as things stabilize and network health improves. Despite network contraction, the nodes and base amount of liquidity that remains will allow the network to continue to generate revenue so the unwind plan can progress. We will immediately kick off a node operator vote to confirm the execution of this plan. To the Community ------------------------- Nine Realms remains steadfast in our dedication to this network, and will do everything we can to keep the protocol operational with the goal that Borrowers and Savers can be made whole. Nine Realms believes that implementation of the proposal yields the best opportunity for network survival. To ecosystem devs and contributors: many of you have been working on THORChain for years, your efforts are truly appreciated. Additional chain integrations, AppLayer remain critical for the network’s growth.

Alright Thorchads, here is my proposal to get TC out of the mess quickly and in full force, while keeping its reputation and TVL. The world needs a rich and diverse cross chain DEX market, we are rooting for each of you @THORChain ❤️ Let’s do this gitlab.com/-/snippets/480…

Summary of $RUNE situation - Protocol has over 200m debt to users from Lending (ThorFi) - Last week proposals from community to address the issue. @1984_is_today was huge driver of this - ~12 hours ago seems like he capitulated, selling $RUNE bags and signalling to leave on some nodes - Few other nodes followed suit, 26 nodes now signalled to leave ~20% of network. - When churn happens, within next 24 hours if not halted, there will be ~20M $RUNE hitting the market. Presumably they signalled to leave in order to sell. - The trade assets on protocol (used for arbitraging) has been decreasing over the last 24 hours (from 50 BTC -> ~10BTC) - Price difference on TC versus CEXs dislocating What happens next? Contingent on a few of these above points, but those are the facts.

donald trump’s dive into crypto is full of insane alpha. nobody is looking at this close enough. what is his end game? i compiled some of the most interesting stuff below… 👀

🪑Hold onto your seat. Technology is at its craziest yet. 💥 These 10 groundbreaking innovations will make you question everything you thought was possible👇

Success of the USDS Launch and the opportunity to recenter the Maker brand It’s been 8 weeks since Sky was introduced as the best protocol for saving and growing your crypto and about a month since the new brand and functionalities went live. In that short time we’ve seen a lot of support for the project and, importantly, growth of USDS, the decentralized stablecoin that gives its users access to unique Native Token Rewards. In this proposal I highlight the main successes of the USDS and SKY launch but also address community feedback through an upcoming series of governance polls about the fate of the Maker brand, the MKR tokenomics and the role of SKY. USDS exceeded 1 billion total supply 2 weeks after launch Getting to 1 billion total supply so fast is a huge deal - The most important metric of the entire project is the demand and growth of USDS. Importantly, most of the USDS demand comes from new users, while the Dai supply holds strong at 4.7 billion. Total inflows to the system across USDS and Dai has increased by about 700 million since the launch of USDS. This achievement is crucial as it validates the core thesis that Native Token Rewards under the new, more simple USDS brand helps tap into a completely new userbase that was out of reach in the past. Other notable successes include: * USDS integrated into top DeFi protocols such as Aave, Ethena and Morpho, with many more on the way * Sky.money as another easy to use, consumer-first DeFi frontend with 400k visits in just its first month * Spark continuing to grow with initiatives like the Tokenization Grand Prix - with major institutions like Blackrock applying to join Just getting started The accomplishments of the launch to date are encouraging. But what matters most for a DeFi ecosystem is having a decentralized pipeline that can continuously innovate and ship new features and products that generate value for users and increase adoption. The success so far is just a small taste of what the Ecosystem is now set up to build over the coming years. In the short run, this will be the impending launch of USDS on L2s and Solana, and the early stages of the Allocation System and Spark Liquidity Layer, that will begin the non-stop expansion of connecting USDS - as a deposit asset and as collateral - into every single valuable blue-chip DeFi protocol in existence, on any blockchain. In the longer term, the launch of the Stars like Spark, and the development and release of AI governance systems, will parallelize and speed up the entire ecosystem further, accelerating while also derisking its expansion. These milestones are exciting signs of validation for the vision of creating a more powerful and user-friendly way for people to participate in DeFi. Community feedback Launch Season resulted in some great wins, but also opportunities to refine and refocus. As always, governance is required to chart the path forward, using data and feedback gathered thus far. Here are some of the reactions we’ve seen so far. A number of folks were unclear on the utility of the Sky token, other than the re-denomination of 1MKR to 24,000 SKY, and there have been questions about the introduction of token emissions. While the SKY token roadmap includes exciting features that would encourage governance participation, such as Seal Rewards and Activation Rewards, it has been hard to follow alongside the flurry of other new features being released. Also, using Sky as the name of the protocol, the token and the front end, definitely added some confusion. It is also now more clear than ever just how much the DeFi community loves and trusts the Maker brand. There was a lot of affinity for the brand and what it stands for - stability, security and DeFi scale. And there is a lot of commitment to holding the MKR token versus upgrading to SKY. Recentering the Maker brand multiple choice proposal In the spirit of moving quickly - and thoughtfully - to address community concerns, I’m making a series of proposals, that, if accepted (together or in part) can help leverage the strong momentum built by the USDS launch, but also address the parts the community thinks can be improved. The first idea to consider: Create separate and distinct roles for Maker and for Sky - recentering the Maker brand, and bringing it back in the spotlight. Here’s a simplified overview to make sense of what this would mean, if approved: * Maker = the decentralized protocol that powers USDS, DAI and the ecosystem of StarDAOs. The only governance token for Maker is MKR. Depending on if the community wants it, the Maker brand could be refreshed and updated to fit the new era, or keep its classic look. * Sky = Specifically focused on serving the needs of DeFi end users as the best and easiest place to get rewarded for saving - powered by the unique features and products of Maker. In contrast to Spark, which focuses on the backend collateral management and more sophisticated users, Sky focuses on the frontend and demand-side of the USDS equation, ensuring there are now two complementary frontends incubated by Maker. * With this proposal USDS would not change and just continue to be backed by Maker and MKR governance. Initially I will, with community input, craft an Atlas Edit proposal that would make several polls with different options for the voters to choose. Currently the options are: Option 1: Continue with Sky as the Core Brand Embrace the momentum we’ve built with the Sky brand, keeping it at the heart of our ecosystem to further capitalize on its recent successes and growing recognition. Option 2: Recenter the Maker Brand with its original brand identity Reintroduce the Maker brand as our central focus, reinstating MKR as the sole governance token of the DAO. This option honors the original vision that has earned immense trust and affinity within the DeFi community. Option 3: Recenter the Maker brand with a refreshed brand identity Bring Maker back to center stage with a refreshed brand identity that keeps the classic look, but makes small modifications to better align it with USDS and the StarDAOs. Next Steps Next steps will be to make space for community feedback here on the forum, and hold a community call this friday on October 25. Following the community call, I will incorporate all feedback and propose the implementation of the idea as an Atlas Edit that can be voted on from October 28, and which, if approved, will trigger the multiple choice poll in the week starting November 4. The atlas edit will be designed so that the polls can be further modified by the Accessibility Facilitator, before being put to a vote, so that there can be multiple rounds of feedback. Once a decision has been made on the direction of the core brand, then the next steps will be to consider if there should be changes made to the tokenomics, and also the next steps with the Sky brand and the SKY token (in case the vote to recenter the Maker brand is successful). No matter how the community chooses to recalibrate the design and roadmap, it is critical that no users, or token holders, are unfairly treated or have their user experience unexpectedly change - e.g. users that have received SKY Token Rewards, should of course end up with core protocol tokens, as they expected. Sky.money shouldn’t suddenly change or lose functionality. Other ways to support the project The meteoric rise of the USDS total supply and its integrations and support on Ethereum mainnet, create a lot of momentum for the project. Leveraging this tailwind, there are two areas with a lot of potential that need community input: The first is developing the Star Allocation Framework that will create guardrails around Spark’s ability to deploy capital with the Allocation System into external protocols and generate value from all of the opportunity that exists in DeFi. I have recently made a post as an early step of this process here: forum.sky.money/t/star-allocat… The second opportunity is the expansion of USDS to other chains, including Ethereum L2s, Solana, and other major L1s. The community can support this effort by analyzing and sharing opinions and data about which blockchains have the biggest DeFi opportunities for USDS, and help inform the ecosystem which multichain deployments should be prioritized. In service to creating an ecosystem that unlocks the inherent benefits of crypto for the masses, it’s important to recognize and highlight the success that's been achieved with USDS, as well as acknowledge the elements that could be refined or reworked. It’s in that spirit that I’m posting this proposal and asking the community to take the time to review, discuss and participate in the upcoming polls. In the end, Maker, Sky, USDS and Dai stand for substance over hype as this will always deliver the most sustainable value in the long run. Remaining focused on the core fundamentals will be key to driving long-term success.

Electricity is one of the best proxy for CPI and naturally links physical world with crypto world. $MTR electricity linked “ideal money” beyond nation states.

Everyone's dunking on ETH, from its OG holders to ALT L1 maxis, the hate is real But tbh..Something big is brewing for $ETH & what’s coming might catch everyone off guard Here’s what most aren’t seeing & why next 7-8 months could flip the script for ETH + Its ECO. Thread:🧵👇

$BTC is nearing $70K, and CT is already shouting for $100K BTC and a massive altseason But let’s talk facts. is there really enough liquidity & catalysts in place to send us higher ? Here’s my breakdown of upcoming liquidity events with stats. A must read thread: 🧵👇

Sky/MakerDAO rebrand ended up confusing more people than exciting them. Here are some of my thoughts on the @SkyEcosystem launch, and what you can expect from $MKR and $SKY 🧵

Dear Haru Invest members, please check our announcement.

Godmode Research: 50 essential tools you need to DYOR ↓ Every Web3 journey requires thorough research. Here’s a curated list of analytics tools, organized by their perfect use case, to boost your research efforts. MISSION: FUNDAMENTALS Fundamentals research is the process of analyzing a project to understand its core value, traction and potential. It focuses on key aspects like product traction, tokenomics, fundraising, and community. The goal is to determine if the project has long-term growth potential by looking at these factors, rather than just following hype. ⌲ Product metrics • Token Terminal • DefiLlama • Dune • Footprint Analytics • L2Beat • Bitcoin Layers • Nansen • Artemis ⌲ Releases & news • Messari • CryptoPanic • Coinmarketcal ⌲ Fundraising • CryptoRank • CypherHunter • Crunchbase • Crypto Fundraising ⌲ Tokenomics • TokenUnlocks • Coinbrain MISSION: PROJECT DISCOVERY Many of the tools mentioned earlier are useful for protocol discovery and narrative screening. However, there are also unique multi-purpose dashboards available that help assess the current market state and uncover new investment ideas. • Chain broker • Dyor • Moni Discover MISSION: TRADING This category can be divided into three tracks: social and copy trading, memecoin trading, and market analysis. ⌲ Social trading • Alphascan • Cielo • Scope Protocol • Alphanomics io ⌲ Memecoin trading • DexScreener • DEXTools • DeFi • SolidityScan ⌲ Market analysis • Tradingview • Coingecko • CoinMarketCap • Glassnode • Coinglass • Cryptoquant MISSION: PASSIVE YIELD Discovering and managing the best pools for passive investment can be challenging. Here are some tools to assist you in both finding and managing these investments. • Revert • DeFi • DefiLlama MISSION: AIRDROPS While airdrops aren't as hyped as they were a year ago, they still serve as a source of passive income for many users. Below are a few platforms you can use as an airdrop hunter. • CryptoRank • Drops tab • Bankless • Alpha Drops • Airdrop alert MISSION: PORTFOLIO TRACKING Tracking a diverse portfolio across numerous chains, assets, and pools can be challenging. The tools below will be very helpful for managing your investments on a day-to-day basis. • Debank • Coinstats • Arkham MISSION: RESEARCH As a research enthusiast, I maintain an extensive watchlist of companies that consistently publish valuable market studies, focusing on macro trends, narratives, or specific protocols. • Messari • Delphi • Cryptoquant • Glassnode • Binance Research • Four Pillars • Chainalysis Visit the comments tab for my Substack article, which offers an in-depth overview of these instruments with links and their unique features. ↓

Alpha goldmine 👇🏻 Here’s all Alphas from this week 🧵0/14

Penpie is officially unpaused.☑️ A new phase of platform development has commenced as @Penpiexyz_io resumes operations following comprehensive audits conducted by leading security firms.⚙️ Here are the details on how users can interact with the protocol:⬇️ ▫️ Affected Pools: Users with assets in the affected pools can now initiate an emergency withdrawal for their remaining liquidity. For example, if a pool experienced a 78% reduction in assets, leaving 22% remaining, users in that pool will be able to withdraw 22% of their original deposit. ▫️ Unaffected Pools: Pools that were not impacted by the security breach remain fully operational, allowing users to deposit and withdraw assets. Users can continue to utilize Penpie’s services through these unaffected pools. ▫️ New Pools: Penpie will soon launch new pools aligned with recent deployments on Pendle Finance, offering enhanced rewards for liquidity providers. ▫️ Locking PNP: Users interested in participating in the Penpie Voting Market can lock additional PNP tokens to increase their voting power and optimize potential rewards. We are committed to delivering a secure and reliable experience for all DeFi participants as we reinforce Penpie’s security framework. Thank you for your continued support.💯

image you travelling lonely in bus and accidentally you met a person who is unknown to you but you both have a common friend. "localoop" will be the same product to find common contact numbers with people nearby you @_buildspace @_nightsweekends

@kavania2002 @_buildspace @_nightsweekends @FarzaTV really like these kinds of projects that capitalize on the six degrees of separation between all people! maybe you could even include questions for both parties to answer about their mutual to get the convo going?

@garg_megham @_buildspace @_nightsweekends @FarzaTV As someone who has been guilty of only reading the abstract and conclusion, this sounds super practical! one thing I'd love to see is a feature that tells you if the paper's findings are being contested by other works