SubZer01
1.7K posts
hey guys just got my first welding apprenticeship ($18/hr). any recommendations for $100k trucks I could get? I can put $4k down.
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Osero has raised $13.5M, led by @SkyEcosystem and @Plasma.
We're building the savings account for where your stablecoins already are.
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@SubZer01_ I meant more so that I played ranked prior to the move. But yea latency killed any chance here sadly.
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Ok, I have officially moved in the middle of no where. I was forced into Starlink and can truly confirm its really great. It was starlink OR 3mbps DSL so didn't have a choice but super happy, its really stable.
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@LHBCrypto Mine are too but its still noticeable + random disconnects
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@Hesamation Its crazy how computers are worth trillions when they are just ones and zeroes
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@SchorLukas @gnosisdao Takes like this is why no one in this space builds investable businesses.
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Funny, people calling Gnosis "communist, a bad business, etc." are completely ignorant to the fact that @gnosisdao raised $12.5M in 2017 and now has >$200M in assets without any fundraise in between.
... while building a ton of value for the industry at the same time!
Ignas | DeFi@DefiIgnas
RFV Raiders are back. Gnosis DAO is the new target. It's a fun game, but first... a reminder: In 2023 Real Value Raiders took down Rook (5x return), Tribe (Fei wind-down), and you'll probably remember they pushed Aragon to repurpose its treasury (they fought back). Old playbook was finding DAOs where token mcap < treasury value, accumulate enough tokens, force a dissolution vote, distribute the treasury pro-rata. Now the playbook is harder to fight. ---- GIP-150 on Gnosis is the new playbook: Gnosis treasury sits at $223M (ETH, stables, ecosystem tokens). 1.3M GNO tokens are eligible to redeem against it. So each redeemable GNO has ~$170 of treasury behind it. But GNO trades at $135.95. That's a ~$33 per GNO discount to NAV. Or 24% gain risk free if redemption goes through. (Although RFVs likely bought at lower price). So holders started asking: why am I funding Ltd while my GNO trades below treasury? GIP-150 proposes opt-in redemption. Holders surrender GNO, get their share of the treasury back. Liquid assets (ETH, stables) distributed at face value. Illiquid investments (offchain investments, Gnosis Ltd value) gets a claim token (gLTD-CLAIM) that pays out as values realize.. So this opt-in design is supposed to protect non-participants. The RFV logic has a point: If Gnosis Ltd takes ~$30M/year of DAO money and produced $400k of revenue AND token trades below NAV, token holders' aren't happy. So these 'attacks' put responsibility towards token holders. It also protects holders from teams that slow-quit by burning treasury in salaries while not really building anything. But for RFVs this is pure arbitrage trade, not some moral mission. In this case almost every DAO and projects beyond Hyperliquid and Tron should be shut down and Treasuries returned to token holders. Whatever Gnosis Ltd is actually building (Gnosis Pay, Circles, Gnosis Chain) loses funding, and some of that work has real users. That is why I voted Against. And building takes time. Plus market is bad so it is common that token trades under NAV for years. Every other DAO trading below NAV becomes a target. Beefy is next btw. Builders at DAO-funded entities now have to plan for potential redemption votes from coordinated holders. Think to do buybacks, pump token or whatever. Exciting times. P.s. If I made any mistakes, sorry. It is my night night time. GN
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This announcement completely ignores the interests of tokenholders.
>forced migration resulting in massive dilution
>no governance process enacted for such an extreme change of direction
>Announcement made right after a vote was launched to distribute Overnight assets to tokenholders
Overnight.fi (USD+) - Vanguard of DeFi@overnight_fi
Overnight is closing. Reinforce is beginning. 🔄 The mission stays the same: Make dollars productive. The strategy changes: Stop making users "do" DeFi. TRON holds $86B+ in stablecoins, but only $5B is in DeFi. That’s a 17x gap—the largest pool of "dead capital" in crypto. Most USDT users don’t want to bridge, stake, or harvest. They just want their money to work. Reinforce is the answer. xUSD: A rebasing dollar that grows in your wallet. ✅ One signature: No gas management, no vaults, no complexity. ✅ Transparency: Institutional-grade yield, simplified. We aren't building a new farm. We’re building the savings layer for the world’s most used stablecoin network. Read the full manifesto on why we’re evolving: 👉 overnightdefi.medium.com/tron-has-the-m…
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@DarkLord_gr None of the PT related strategies you mentioned earn points
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@0xmatthewb @Ceazor7 @binji_x Also I think my first credit card was $5000 limit, when I was 18 years old without any credit history ofc
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@0xmatthewb @Ceazor7 @binji_x Never had any of these issues, but im over 700, didnt think it would be that large of a difference tbh
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baffling how few people understand that not everyone has access to buying equities, it’s clear many live in bubbles.
> cryptocurrencies broadened the access to financial instruments for the world
> and tokenization will do the same for all assets
> tokenization will be powered by cryptocurrencies that secure the system things are tokenized on top of.
come on man
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@ThinkingUSD @blknoiz06 Defintely not more "accessible" to work in the industry. As companies run out of cash they will continue to trim the fat and run lean teams in order to maintain runway for as long as possible.
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Crypto is paying a high price for years of altcoin scams and grifts. It can feel like a toxic industry where very little value is created.
It's easy to feel disillusioned and wish you were focusing on AI-related trading, businesses, or working at a startup in that sector. Many companies and investment firms have already begun the rotation out of Crypto. Don't let your apathy make you unproductive; it's your personal responsibility to continue learning about the world. If you feel the call of the wild, then go.
For the ones brave enough to stick around, not only will the risk-reward be as asymmetric as it's been in recent history, the concentration of upside in a handful of assets will make it EASIER to generate massive returns. There is less capital looking at Crypto exposure than ever before. This all changes with a rapid repricing in Bitcoin this year, which I believe is inevitable.
For a long time in Crypto, nothing felt buyable due to an excess of capital being forced to deploy in a sector with limited opportunity. We're in a new regime now.
We're reaching a similar level of apathy that I felt during 2019 and 2022. I almost quit Crypto to go back to TradFi. It's no surprise those were the years where I generated the bulk of my returns (sans Hyperliquid).
Outside of trading, if you're passionate about the space, companies that are still building during this period will be positioned to take advantage of the inevitable reacceleration of this industry. Working at top-tier companies in the space is more accessible than ever due to a shortage of people entering the field.
Don't undervalue your time.
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@0xmatthewb @binji_x From my experience it is very easy to obtain debt in Canada, even unsecured
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@TradingAloha @coopernicus01 Not sure on the specific market, but rates are elevated everywhere, so would prepare for this to continue unless something fundamentally changes
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@SubZer01_ @coopernicus01 it happens, maybe one day I can withdraw. It was the last pool I left alone.
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Still waiting to be able to remove a large amount of USDC from a pool I am stuck in which I now have almost 10% of.
It was the last one on my list to remove liquidity from but its been stuck there for days.
Starting to get concerned.
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@TradingAloha @coopernicus01 tbf you were basically subprime lending on illiquid assets that cant be sold on market? is this not expected behaviour?
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@paul_k_0907 @DD_Henney @qcapital2020 Guy flexing his tfsa and breaking the rules by daytrading lmao. Have fun with that tax obligation
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@DD_Henney @qcapital2020 I believe it’s “legal” but who knows.. you should be able to do what you want with your savings
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8 months after crossing a TFSA milestone of $1M.. I’ve now crossed $2M
This probably puts me in the top 200 of all TFSA account holders in Canada
PK@paul_k_0907
Big milestone reached - over $1,000,000 in my TFSA account It’s a Canadian tax free account, the cumulative maximum contribution is $102,000 and all gains are tax free. The Canadian Tax Agency monitors accounts and out of 17.8M accounts about 350 have balances over $1M That puts me in the top 0.002% of TFSA investors!
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