FracaShaw.eth👁

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FracaShaw.eth👁

FracaShaw.eth👁

@FracaShawG

Katılım Aralık 2020
902 Takip Edilen177 Takipçiler
Kyle Samani
Kyle Samani@KyleSamani·
Tinder like UI but for prediction markets. binary markets only swipe right for yes, swipe left for no all cards must expire in < X hours can configure default amount of $ for each swipe
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Hugo Roussel
Hugo Roussel@theleoruss·
Just tried claude 3.5 sonnet with artifacts and it feels like use chatgpt for the first time
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Rappie
Rappie@rappie_eth·
Today learned that with Foundry, you can directly fork a transaction — no need to roll or warp!
Rappie tweet media
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FracaShaw.eth👁
FracaShaw.eth👁@FracaShawG·
@GwartyGwart Defi is already a much shorter word than "traditional finance". That's already much more practical.
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Gwart
Gwart@GwartyGwart·
I have absolutely no idea how traditional finance works but I am unwaveringly certain that my blockchain will fix it
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ALBJ
ALBJ@ALBJ162396·
@nic_carter So it’s a prediction market on tx fees?
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Tommy
Tommy@0xtommyky·
An objective analysis on what happened on @RenzoProtocol (Depeg, airdrop, token pie chart) 0) Overview Renzo is the second largest LRT with 1mn ETH staked, 33.5% market share (Etherfi has 37.9% share) Renzo announced it's token $REZ and airdrop plan on Apr 23, together with Binance Launchpool which consists of 2.5% of total $REZ supply 1) Depeg Incident Few hours ago (~0400 UTC), there was a sell-off of Renzo's LRT - ezETH on DEX, ezETH price dropped to as low as ~US$700 before covering Sell-off likely caused by the conclusion of Season 1 Airdrop, users want to get back $ETH to farm other LRT/protocols This led to liquidation on leverage protocols such as @GearboxProtocol and @MorphoLabs. Loopers (users who repeatedly use LRT as collateral to borrow ETH to create leverage) suffered loss as a result 2) Airdrop Renzo allocated 10% of $REZ for airdrop, Season 1 would be 5% of $REZ Largest wallets will have 50% unlock at TGE, 50% vested over 6 months (no further detail yet) NFT holders of Milady & SchizoPosters will get 2% of the 5% airdrop (0.1% of $REZ) Fumes from community include: - Binance Launchpool ends on Apr 29 and trading begins on Apr 30 vs. stakers who can only claim airdrop on May 2 -> i.e. Binance stakers can sell on the stakers two days early - Rumour that if users sold their ezETH, they would not be entitled to the airdrop, team has clarified that it's not true in Discord, stating airdrop is completely based on points user have - NFT holders with no contribution getting airdrop, and insider trading concern - Airdrop ratio too small 3) Token allocation chart In the $REZ announcement, Renzo included the following pie chart on token allocation This is highly misleading as the size of each pie is completely off (the two 2.5% has the same size as 13.44% or 20%; 30% and 31.56% has the sum of half of the pie etc.), readers may underestimate the float project/VCs controlled by the looks of it Renzo has deleted this tweet after Below is the recreated pie chart with the correct ratio. However, it is still a little bit confusing as airdrop portion is not shown The best is to look at Binance's version here, which clearly shows the percentage and category: 4) My take on this (subjective part) - It is a mix of justified criticism/fud/frustration - On the depeg, it is a risk that we need to recognize for all LRTs, even if withdrawal is enabled, DEX pool can still depeg simply based on the temporary imbalance - On the airdrop, there are definitely things that can be improved, such as more transparency on how it is determined. Should also rethink whether airdropping to NFT holders that have no direct relationship with the protocol makes sense - On pie chart, I tend to believe it is just a mistake by the designer and the lack of checking from the team. Don't think this kind of low level tricks will be able to mislead crypto-native users. But it did look bad regardless
Tommy tweet mediaTommy tweet mediaTommy tweet mediaTommy tweet media
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FracaShaw.eth👁 retweetledi
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42@42space·
Inb4 "Bitcoin is too expensive to use" You've seen what Yuga Labs can do to gas. You've seen what large liquidations can do to gas. You've seen what Ordinals can do to BTC tx fees. Now you see Runes coming a mile away. Are you just going to let yourself drown in the mempool? ⏳
Leo ⌛@Leozayaat

If you're like me, bullish on Runes but don't have the bandwidth or the risk tolerance to hold memecoins, trading the mints' impact on transaction fees might be your best galaxy-brain play.

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FracaShaw.eth👁 retweetledi
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42@42space·
Memes are from the future. MEV are the echoes of the past. Bitcoin is the original and the largest memecoin (saying this w/ the greatest respect), and its cultural foundation has been inscribed since the genesis block. Through framing the Chancellor's bailout as an apocalyptic event, it mimics the eschatological beliefs found in many religions. Over the years, increasing skepticism on central banking and the erosion of trust in institutions has allowed every evangelist to further strengthen the value narrative of Bitcoin. This is also what makes Bitcoin so distinguished from everything else. It’s a meme crafted for the future: ”Bitcoin fixes this.” The narrative is further amplified by the meteoric price increase. Wealth effects drive attention. Memes thrive in environments of high emotional engagement.
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FracaShaw.eth👁
FracaShaw.eth👁@FracaShawG·
I've got two wildly expensive habits: cocaine and ethereum blockspace.
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RYAN SΞAN ADAMS - rsa.eth 🦄
I used to worry about this all the cheap blockspace we're making. Who's gonna use it? I'm no longer worried. The answer is robots. AI's are going to buy all the blockspace.
RYAN SΞAN ADAMS - rsa.eth 🦄 tweet media
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