Re David (✸,✸)

hyperliquid's 4-of-5 multisig controls $4b in user deposits with zero timelock. uniswap has 48 hours. aave has variable delays. makerdao has 48 hours. hyperliquid has zero. five anonymous signers can upgrade bridge contracts and drain everything instantly with no review period. closed-source node client means validators can't even verify what they're running. assign a 5% annual probability to multisig compromise and 90% loss severity and you're looking at negative expected value on idle capital. the product is elite. the UX is best in class. the revenue is $600m annualized. but treat it as a trading venue not a vault. trade there, withdraw profits to self-custody, never let capital sit idle on a platform where the entire security model is "trust five people you've never met"

@gnarleyjs @ProMint_X nobody would use backpack without points and overhyped token lmao, have you even tried it? 25M later it's just worse than 90% of the competitors even WITH the liquidity from the farmers

@ProMint_X Farming anything for an airdrop leads to disappointment. Just use the product and be grateful if they reward you at all.

Notcoin airdropped 8x more money than Backpack will airdrop today. Boys, do you realise how fucked that is? Notcoin - just a mobile tap game. Backpack - a big DEX with complete infra and its own ecosystem behind it. Notcoin - you just tapped. Backpack - people sat for days and traded meticulously just to farm points. Yeah, I know that Notcoin had a serious team and real budget too BUT the most insane part is that people actually LOST REAL MONEY farming Backpack, cause they got liquidated, got bled by fees, or kept farming dumping tokens. And it still ends up a way smaller payout. How is that not completely absurd?

So the big boss @cited publicly says there will be a reward for past usage (I’m attaching a screenshot), but @BlurCrypto says they publicly stated there won’t be one (where did he read that?). What’s the truth? P.S. If you need an invite to use 01, feel free to DM me.

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The Future of Real Estate Runs on Blockchain & Crypto 🏡💡 1/ The real estate market is changing. Blockchain and crypto are revolutionizing the way we buy, sell, and invest in property.

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